Shares of IT services firm Infosys today fell nearly 3 percent after it reported lower-than -expected earnings for the quarter ended March 2017.
A build-up in tension linked to geo-political developments gave markets the blues on Wednesday as the Sensex lost 145 points at 29,643 while domestic investors sat tight ahead of start of the corporate earnings season.
Investors held themselves back ahead of macro data due today as the benchmark Sensex changed course and dropped 165 points following across the board selling amid weak Asian indices.
The BSE benchmark Sensex recovered 213 points on Tuesday as fresh buying by investors led to widespread gains ahead of the earnings season.
The average cost of equity, an indicator of return required for investors, is higher at around 15 percent compared to developed countries, says a report.
The appreciation in the rupee is likely to continue for some time and it is expected to average at 66.2 against the US dollar in the current financial year.
The BSE benchmark Sensex recovered 155 points to quote at 29,787 in post noon trade as fresh buying by investors led to widespread gains ahead of the earnings season.
Regulator Sebi is mulling allowing institutional investors in a phased manner in commodity derivatives and may soon permit options trading in this market.
India was among the most active IPO markets in the EMEIA (Europe, Middle East, India and Africa) region, with BSE and NSE registering 26 IPOs worth USD 619 million in first quarter this year, says an EY report.
The rupee opened marginally lower at 64.30 against last Friday's level of 64.28 here today.
The quarterly earnings due to start this week provided markets a crucial leg-up on Monday as the Sensex recouped 125 points and the Nifty topped 9,200-mark again amid a mixed Asian scenario.
Mutual fund managers' investment in equities declined by 27 percent to over Rs 51,000 crore in 2016-17 due to volatility in stock markets.
Upcoming fourth quarter earning results, along with macro-economic data points and global geo-political tensions are expected to determine the trajectory of Indian equities markets during the week starting April 10.
Helped by a sharp surge in its share price, Mukesh Ambani-led Reliance Industries Ltd (RIL) is fast closing in on the top-ranked TCS in market valuation with a gain of over Rs 28,000 crore last week.
The overall forex market sentiment also got a leg-up after the RBI projected India's growth at 7.4 percent for the current fiscal, up from 6.7 percent.
The S&P BSE benchmark sensex failed to maintain 30,000 level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria.
Shares of Sun Pharma fell by 3 percent today amid reports of USFDA inspection at one of the company's plant.
Defying intense global volatility and nervousness, the rupee on Friday continued its stellar rally against the US dollar, surging 24 paise to end at a fresh 20-month high of 64.28 amid escalating geo-political trouble.
The broader NSE Nifty also broke below the 9,200-mark to finish at 9,198.30, down 63.65 points, or 0.69 percent.