In a volatile market, the bechmark BSE Sensex slipped 134.09 points to close at 28,370.84. NSE Nifty on the other hand dropped below 8,600 and close 43.70 points down at 8,589.80.

Lupin emerged top loser of the day. On BSE, Lupin Ltd closed 5.23 per cent down, while on NSE, it traded 5.25 per cent down.

The benchmark BSE Sensex bounced back in style, bucking the sluggish global cues and were trading near the highs of the day in the early noon session.

At 12:21 pm, BSE Sensex traded 258.25 points up at 28,440.39. NSE Nifty traded 79.20 down at 8,608.65

BSE Sensex plunged over 270 points down after the Parliament’s first monsoon session failed to impress traders.

Indian equity benchmarks continue to trade choppy with Sensex and Nifty swinging between negative and positive territory.

The benchmark BSE Sensex and NSE Nifty opened to a volatile trade on Monday, a day ahead of the monsoon session.

While Sensex kicked off on a positive note in early morning traded, it shredded its gains to sink almost 100 points down.

Tracking positive gains, the BSE Sensex extended gains and was trading over 130 points up on Thursday’s afternoon trade following sustained foreign funds inflows and across-the-board buying by investors.

At 3:20 pm, Sensex was up 245.95 points at 28,444.24. Similarly, Nifty was up 84.70 points at 8,608.50 during the same time.

The Bombay Stock Exchange (BSE) has slapped fines on 530 listed companies for failing to meet a deadline to appoint a women director and boost gender diversity in their boardrooms, a BSE official said on Tuesday.

The Securities and Exchange Board of India (Sebi) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.

Markets are trading lower in today’s session as the Consumer price index- (CPI) based inflation for June jumped to a four-month high of 5.4%, mainly driven by higher than expected food inflation dampening the hopes of a further rate cut.

Meanwhile, investors remain cautious ahead of the WPI numbers due to be released later during the day.

Markets have recovered from the lower levels and are trading marginally positive led by pharma shares. However, the upside is capped due to selling among index heavyweights like Tata Motors, RIL and HDFC.

At 10:40AM, the 30-share Sensex was up 11 points at 27,972 and the 50-share Nifty was up 2 points at 8,462.

Even though many investors in India prefer active funds, passively managed funds have seen an upsurge in demand. Recent data from the National Stock Exchange (NSE) indicates that, exchange traded funds (ETFs) have seen huge uptick in volumes in the last decade. Daily average value in ETFs on NSE which used to be less than a crore a day has surged to around Rs 70 crore in the last 10 years.

BSE Sensex and NSE Nifty were butchered in last session under influence of Chinese free fall. Today, the start is likely to be cautious and some stabilization can be expected after the steep fall.

Traders will be getting some support with global rating agency Standard & Poor’s statement that the confidence level in India continues to grow amid indications of slower growth ahead for the Asia-Pacific region.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.