In the Sensex kitty, Hero MotoCorp emerged best performer by surging 2.02 per cent, followed by Kotak Bank 1.88 per cent.
Sensex shot up 577 points after RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.
Sensex trimmed its initial gains in the afternoon deals but stayed in the green, up 0.37 per cent at 33,189.50, on reports of trade negotiations between the US and China.
Private sector lenders Axis Bank, Kotak Bank, Yes Bank, ICICI Bank, HDFC Bank fell as much as 1.44 per cent.
NSE Nifty slid below the key 10,400-level at 10,378.40, declining 73.90 pts or, or 0.71%, it shuttled between 10,489.35 and 10,302.75.
BSE Sensex pared its initial gains to turn negative in afternoon session, down 198.25 pts, or 0.58%, due to correction seen in banking, financial and auto stocks.
Kerala Chief Minister Pinarayi Vijayan laid here the foundation stone for the Rs 150-crore new campus of IT product company SunTec.
Microsoft announced 'Coco Framework', a first-of-its-kind innovation that aims to improve performance, confidentiality and governance of enterprises.
BankChain, a platform for banks in India to explore announced to select Microsoft Azure platform as its exclusive Cloud partner.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co