Sentiment was in tatters after heavy losses in Asia, set off by China sovereign rating downgrade on fears over its ballooning debt and a lower opening in Europe. Shares have lost their momentum after hitting record highs recently as valuations turned expensive, with most sectoral indices ending in the red.
The rupee ended flat at 64.80 against the US dollar after hitting an intraday low of 65.16. The RBIâs intervention and selling dollars by exporters banks helped the rupee recover in afternoon.
The Sensex closed down 447.60 points at 31922.44, while the Nifty ended lower by 157.50 points at 9964.40.
The rupee fell sharply in trade today after the US Federal Reserve announced a plan to begin winding down its USD 4.5 trillion balance sheet in October and hinted at another interest rate hike by December.
The Sensex closed down 30.47 points at 32370.04, while the Nifty ended down by 19.25 points at 10121.90.
Experts expect the Federal Reserve to hold rates in the policy meeting but the key thing to watch out for would be its commentary on unwinding of USD 4.5 trillion balance sheet.
Telecom stocks - Bharti Airtel, Idea Cellular and Reliance Communications fell 3-6 percent after telecom regulator TRAI slashed mobile call connection charge to 6 paise per minute from 14 paise currently, effective October 1.
Nifty Bank index closed flat. Auto and FMCG indices gained 0.2-0.6 percent but Metal, Pharma and PSU Bank fell 0.5-0.8 percent.
The Sensex closed down 21.39 points at 32402.37, while the Nifty was down 4.05 points at 10149.05.
Dixon Technologies ended with hefty premium today, rising nearly 64 percent to Rs 2,891.55 against issue price of Rs 1,766.
The Sensex was up 151.15 points at 32423.76, while the Nifty was up 67.70 points at 10153.10.
Regulator Sebi has ordered a forensic audit of JMD Ventures Ltd (JVL), which figures among 331 #39;suspected shell companies#39;, after finding prima facie evidence of misuse of the firm#39;s funds.
The consistent failure in holding the psychological 10,100 level on the Nifty indicated that the market may be preparing to cross previous record high of 10,137 (hit on August 2), experts said.
The Sensex closed up 30.68 points at 32272.61, while the Nifty ended down by 1.20 points at 10085.40.
Healthcare stocks hogged limelight today as the Nifty Pharma index spiked 2.6 percent.
BNP Paribas Arbitrage sold 1,40,000 shares of Matrimony.com at Rs 817.73.
Corporation San Finance bought 8,77,152 shares of Bharat Road Network at Rs 189.81.
ILFS Financial Services sells 33,96,024 lakh shares of A2Z Infra Engineering.
United Breweries performed well in Q1FY18 despite the highway ban becoming effective, with sales, EBITDA and PAT all increasing in the range of 7-10 percent.
The global broking firm has an overweight stance on the stock with a hiked target price of Rs 660 from Rs 500
Jindal Steel, Hindalco Industries, SAIL, NALCO, Vedanta, Tata Steel and Hindustan Zinc were down 2-5 percent.
At previous close, target price hike implies an upside of 14 percent
Here are a few top buzzing midcap stocks picked by CNBC-TV18#39;s analysts in trade today -- KNR Construction, Reliance Home Finance, United Breweries, Yes Bank, Bajaj Finance, Ujjivan, IIFL, and Can Fin Home.
The firm also saw expansion in the return on equity by 907 basis points to 20 percent in FY20.
According to firm, the key triggers for the stock include launches of new projects in Mumbai and robust outlook for office and retail space.
The company had been hived off from Reliance Capital and investors had received one share of Reliance Home Finance for every share of Reliance Capital held.
BNP Paribas Arbitrage cut its stake in the company, selling 1,34,102 equity shares of the company at Rs 957.47 per share through a block deal on Thursday.
ILFS Financial Services - Proprietary Portfolio sold 18,34,357 shares of A2Z Infra Engineering.
KNR -HES-ACPL joint venture has bagged order worth of Rs 884.47 crore for formation of Konda Pochamma Sagar for a capacity of 15 TMC in the state of Telangana.
Watch CNBC-TV18#39;s analysts give a 360 degree round up on specific stocks and sectors.