Reliance, Bharti Airtel and financial shares were the other major losers; Data Patterns IPO gets 2.5 times subscripton as of 03:15 PM on day 1 of the offer
The broader markets logged smart gains for the third straight trading session; Advancing shares outnumbered declining stocks in nearly 2:1 ratio on the BSE
In November, more than 7.6 million UPI mandates were created for IPO applications
The broader indices also surged over a per cent each, and gainers outnumbered losers in 2.5:1 ratio
The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each
The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent
A rebounding rupee further bolstered sentiment, traders said
In a bull market, many bad companies with dubious promoters and poor corporate governance standards also rally
In an interview, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros
The Reserve Bank of India's three-day monetary policy committee (MPC) meeting ends on Friday. How will the markets react to the RBI Policy meet? What's priced in and what's not? Let's find out
The broader NSE Nifty declined 37.30 points or 0.21 per cent to finish at 17,711.30
Despite hurdles faced by sector, Street appears bullish
Only later should you venture into narrower, more focused strategies, provided your risk appetite permits
Rising for the third straight session, the Sensex ended 29.41 points or 0.05 per cent higher at its new closing peak of 60,077.88
FM said the market has its own understanding of what it deals with the companies
RIL and Infosys have accounted for third of gains
The market looks pricey on market cap to GDP ratio, which reached a new post-Lehman crisis high of 127.6 per cent on Friday
The Nifty Media index jumped 13.57 per cent on Wednesday, as compared to a 0.087 per cent fall in the Nifty50
Experts warn investors against going overboard as they see the risk-reward ratio turning unfavourable at the current levels