The exemption has been given with regard to Syndicate Bank, Vijaya Bank, Bank of Baroda and Union Bank of India also. Following capital infusion in these listed public sector banks, the government's respective stakes would rise in them.
Traders should not hurry in creating long at the current juncture as long as Nifty trades below its 200-DEMA. A close above 10,200 could signal some short-term strength in the index.
The promoters and directors are Prashant Jaidev Wasankar, Mithila Vinay Wasankar, Vinay Jaidev Wasankar, Bhagyashree Prashant Wasankar and Abhijeet Jayant Chaudhari.
The sentiment in forex market turned weak after the country's current account deficit widened in the December quarter on the back of higher trade deficit.
It is not clear at this stage if the government will allow the three spot exchanges to function as separate divisions of the same entity, or if they will have to function as individual subsidiaries.
The Nifty which opened with a positive bias failed to hold on to the momentum as bears took control of D-Street as it reclaimed 10,200 levels. The index slipped below its crucial 200-DEMA placed around 10,114 and now a closed below 10,000 could take Nifty towards 9700.
The entire issue by Lemon Tree Hotels consists of offer for sale by Maplewood Investment, RJ Corp, Ravi Kant Jaipuria and Sons (HUF), Whispering Resorts, Swift Builders, Five Star Hospitality Investment Limited, Palms International Investments Limited, Satish Chander Kohli and Raj Pal Gandhi.
HCL Technologies, Tata Steel, Bharti Airtel, Bajaj Finance, Hindalco, HPCL, Wipro, Infosys, SBI, ICICI Bank, Tata Motors, HDFC fell up to 5 percent.
All the sectoral indices traded in line with the benchmark indices and ended lower.
U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close.
The medium-term story on India has not changed despite a 10 percent kind of fall from highs and is reasonably intact. It is one of the fastest growing large economies in the world.
The initial public offer (IPO) of Bandhan Bank was subscribed 1.49 times so far on the last day of bidding today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. ENIL, PNC Infratech, Ashoka Buildcon, BPCL, IOC, Shilpa Medicare, PNB Housing Finance, and NMDC.
State-owned IOC and Bharat Petroleum Corporation may buy 26 percent stake each in gas utility GAIL India, paying the government over Rs 20,000 crore each to become integrated energy firms.
Overall, it sees industry revenue to decline 5% over next 12 months, while mid term revenue CAGR of 15 percent may be seen.
Deutsche has Buy call on Jubilant Foodworks with increased target price at Rs 2,600 from Rs 2,500 earlier.
Ramco is a top pick in the cement sector as channel checks indicate demand pick-up In Tamil Nadu, the brokerage house said.
Most Asian currencies softened versus the dollar on Monday, marking a slow start to a potentially tense week amid caution ahead of a key US Federal meeting.
Volatile times in the market could continue even as mutual fund inflows keep coming, says an expert.
Gold prices extended losses into a fourth session on Monday, with the dollar remaining supported as investors expect the US Federal Reserve to raise interest rates this week.
The market breadth was in favour of the declines with 315 stocks advancing while 1342 declined and 371 remained unchanged. On the other hand, in the BSE, 558 stocks advanced and 1761 declined and 92 remained unchanged.
Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
Amid weak cues from overseas markets, gold prices moved down by 0.16 percent to Rs 30,175 per 10 grams in futures trade today after participants trimmed positions.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
For intraday we can expect more selling on some bounce near 30,300 where traders can short for the session.