Ends nearly 85 points higher; FMCG, oil and gas, power, infrastructure & IT sectors see buying
Nifty declines 103 points, while Sensex loses 310 points; face resistance at higher levels
Street skeptical over near-term impact of GST
The benchmark S&P BSE Sensex ended 0.1 per cent lower
With the Sensex again nearing 28,000 points, it would make sense to avoid high-risk stocks
All eyes are also on the last monetary policy review for RBI Governor Raghuram Rajan, due on August 2, before he steps down a month later
The indices moved between gains and losses till late afternoon, but saw emergence of buying on string of positive earning results
Sensex was trading 120.54 points or 0.43 per cent higher during the morning session
Despite caution on Friday, following Nice attack, the week posted handsome gains in GST-themed and PSU bank stocks
Infosys tumbled the most since April 2013 after paring its annual sales outlook
TCS, HDFC Bank, Infosys and ONGC saw a squeeze in their market capitalisation in holiday-shortened last week
On Tuesday, the index had dropped 112 points for the first time in six sessions as investors booked profits in recent gainers
Up 19% from February lows but analysts say further rise could be limited, as stock prices are stretched
ITC, Grasim, Hero MotoCorp, ACC, Biocon, BPCL, NTPC and Petronet LNG are 33 stocks from BSE A group hit 52-week highs.
A majority of market participants expects India to outperform global peers