Steady conditions prevailed at the steel market today with prices moving in a narrow range in scattered deals and settled around previous levels.
Prices of groundnut and mustard oil drifted lower by up to Rs 100 per quintal at the wholesale oils and oilseeds market Saturday following subdued demand from retailers coupled with adequate stocks position.
The markets tanked yesterday after the Indian Army said it carried out surgical strikes on terror hide-outs at seven locations in Pak-occupied Kashmir after crossing the Line of Control (LoC).
According to a survey on 2,500 working professionals by Assocham, about 60 per cent of the respondents would prefer online shopping over standing for long hours in store aisles.
Small sugar prices edged up by Rs 3 per quintal to Rs 3,582/3,735 from Thursday's close at Rs 3,582/3,732.
Consumers are expected to spend Rs 25,000 crore this festive season, a rise of 25%, as against Rs 20,000 crore spent in the year ago period, according to Assocham.
Sebi: The latest orders came after the companies failed to pay the fine imposed by Sebi's adjudicating officer in the cases of breach of rules.
Infosys co-founder Nilekani is also of the view that a prudent cash management and improved customer experience will stand them in good stead.
Besides, increased foreign fund inflows also supported the rupee but a lower opening of the domestic equity market and the dollar's strength against some currencies overseas capped the gains, forex dealers said.
For the week, the Sensex dropped 802.26 points, or 2.79 per cent, while NSE Nifty lost 220.40 points, or 2.49 per cent.
India among the four most overvalued markets along with Indonesia, the Philippines and Malaysia.
Stock markets turned volatile and the India volatility index (VIX) shot up by 33 percentage points to 18.45, which was the biggest rise in seven years.
Company will outpace the market growth in next few years: Kochhar
The net borrowings will be Rs 1.77 lakh crore during H2FY17, economic affairs secretary Shaktikanta Das said.
The Army's announcement triggered all-round selling, sending the 30-share barometer into a tizzy, which went below the key 28,000-mark.
Traders said easing demand from retailers against ample stocks position mainly helped rice basmati prices to trade lower.
The Sensex plunged 572.89 points, or 2.02 per cent, to 27,719.92, with all sectoral indices led by realty, healthcare, power and metal slumping by up to 5.05 per cent.
Sensex plunged 500 points and Nifty fell 120 points, below 8,700.
ICICI Prudential Life Insurance Company's shares debuted at Rs 330, down 1.19 per cent.
The partnership allows the two companies to jointly co-produce Malayalam films and explore theatrical rights between themselves, the company said in a BSE filing.
Forex dealers said that besides persistent selling of the American currency by exporters and banks, the dollar's weakness against peers overseas supported the rupee.
The 30-share index, which had gained 69.11 points in the previous session, rallied by 181.31 points, or 0.64 per cent, at 28,474.12.
The public offer comprises up to 18,13,41,058 shares of ICICI Prudential Life Insurance Company, including reservation of up to 1,81,34,105 (10 per cent of the offer) for shareholders of ICICI Bank.
The NSE Nifty ended at 8,745.15, showing a gain of 38.75 points, or 0.45 per cent, after hovering between 8,767.05 and 8,703.15 during the day.
"BRICS should come together to share their experiences from bond markets and perhaps, also develop a BRICS bond market," he said.
The domestic bond market, excluding the G-secs, is worth around Rs 20 trillion, while the G-secs is a much larger one given the government's building debt-driven balancesheet.
The state-owned company informed about the "Letter of Offer" in a BSE filing.
The New Zealand dollar gained too, rising 0.3 per cent after hitting a one-month low on Monday.
In China, like elsewhere, many market players followed the U.S. presidential debate. In his opening statement, Republican candidate Donald Trump blamed U.S. job losses on "currency devaluation" by China.
On Monday, the domestic unit ended higher by 4 paise against the dollar at 66.61.
The BSE benchmark, which lost nearly 478.85 points in the previous two sessions, today resumed higher.
Overseas stocks ended lower as markets remain cautious ahead of OPEC meet.
Dealers attributed the rupee's fall to increased demand for the US currency from importers and banks and a lower opening in domestic equity market.
Shares of ICICI Bank, Adani Ports, Tata Motors, HDFC, ITC, Infosys, NTPC, Asian Paints, Axis Bank, Cipla and SBI saw selling pressure, which dragged down the indices.
Interest-rate sensitive sectors may see some action ahead of the monetary policy.
Indian companies grew by 17.1 per cent against 9 per cent growth for MNC pharma companies during the month.