Indian stocks fell more than 1 percent on Monday, posting their biggest single-day fall in five weeks, as investors booked profit in recent outperformers ahead of a busy week of events, including the expiry of domestic derivative contracts.
The Nifty fell 1.31 percent to 7,615.10, while the Sensex lost 1.46 percent to 24,966.40. Both indexes posted their biggest single-day percentage fall since Feb. 23.
In the 50-share index, Vedanta, Hindalco, Tata Steel, Sun Pharma and State Bank of India slipped between 3.75 p
The BSE Sensex closed at its highest in 11 weeks on Tuesday, as hopes of aggressive rate cuts by the Reserve Bank of India offset both profit-taking and global uncertainty after two explosions tore through Brussels airport on Tuesday morning killing 30 people.
The benchmark BSE Sensex rose 0.18 percent to end at 25,330.49, its highest close since January 6, clawing back from losses earlier in the day when it fell as much as 0.8 percent.
The broader NSE Nifty gained 0.14 percent to close at 7,714.90.
India's stock markets rose to a near 11-week high on Monday as hopes increased the central bank could cut rates by as much as 50 basis points next month after the government slashed the country's retail savings rate last week.
The benchmark BSE Sensex rose 1.33 percent and closed at 25,285.37, while the broader NSE Nifty ended up 1.31 percent at 7,704.25. Both indexes earlier hit their highest levels since Jan. 6.
Banks led the gains, with State Bank of India rising 2.9 percent and Punjab National Bank ad
Petrol price was on Wednesday raised by Rs 3.07 per litre, while diesel price was hiked by Rs 1.90 per litre in Delhi. The revised prices will be effective midnight.
In the previous revision on February 29, petrol prices were cut, though diesel was made more expensive.
Petrol and diesel prices are deregulated in India, which means they are linked to market rates.
Oil prices in India are influenced by global rates as well as the exchange rate. Global crude prices have been on t
Domestic equity indices BSE Sensex and NSE Nifty ended in red on Tuesday on account of profit-booking and weak Asian markets, even as retail inflation fell to a three-month low in February. Investors maintained a cautious approach ahead of the two-day meeting of the US Federal Reserve’s Federal Open Market Committee that begins on Tuesday.
Up next, the market will closely watch the outcome of the U.S. Federal Reserve's two-day policy meeting, beginning on Tuesday.
Sensex closed 253.11 points, or 1.02 pe
