Markets Live: Sensex closes 372 points or 0.99 per cent lower at 37,090 and Nifty ended at 11,148 down 130.70 points or 1.16 per cent.

Market Live Updates: Top gainers of Thurday's trading session were Bharti Airtel, Tata Consultancy Services and Bajaj Auto

Except auto, all other sectoral indices ended in green backed up by gains in bank, IT, energy, telecom and finance.

Share Market updates: Sensex closes 177 points or 0.46% higher at 38,862 level, Nifty rises 67 points to 11,665 level.

The initial public offering (IPO) of diagnostic firm Metropolis Healthcare Limited (MHL) was subscribed over 9 per cent on the first day of the issue on Wednesday.

Shares of Muthoot Finance on Wednesday hit a new 52-week high of Rs 631, after the company announced its board will meet on Friday, April 5 to consider interim dividend.

Share Market updates: The Dalal Street witnessed sharp decline with BSE Sensex eventually closing 179 points lower at 38,877. The Nifty index settled 70 points lower at 11,643.

The Indian benchmark indices opened higher with the BSE Sensex surging over 280 points. By midday, the market pared gains to trade lower and then plunged into the red nearing its close.

The price of gold declined from a high of more than Rs 29,000 per 10 gm in January 2013 to Rs 25,550 per ten gm (as of December 2).

Metals stocks clocked smart gains in the markets today with Hindalco being the top gainer on the Sensex. The stock ended 9.64 per cent up at Rs 81.90.

The payment banks require a minimum paid-up equity capital of Rs 100 crore while normal commercial banks require Rs 500 crore.

Airtel's proposed tie-up with Kotak is the first formal partnership announced by an existing lender and a non-bank entity aspiring to get into the payment bank space.

The state-run banks are unlikely to be part of any takeovers involving private sector rivals as the government has not been keen to bless such transactions.

Following the announcement, shares of USL fell 1.91 per cent on Thursday to Rs 2,408.75 a piece during afternoon trade on the Bombay Stock Exchange (BSE), while the scrip of Zee Entertainment rose 1.65 per cent to Rs 292 per scrip on the exchange.

With share prices shooting up, companies like DLF, JSW Steel and Videocon Industries can now raise funds from the market to repair the damage done to their books by months of slowdown.

Banks have mandatory obligations - there is priority-sector lending, there is the requirement of rural branches, there is statutory liquidity ratio and cash reserve ratio to be maintained which basically means leaving assets idle.

In tepid trade, the benchmark Sensex on Thursday fell over 16 points on profit-booking in realty, capital goods, banking and auto shares, amid a weak trend in Asian markets.

The MFI industry's loan portfolio grew in 2012/13 after falling in the previous year. The resurgence began when the Reserve Bank of India announced in 2011 a series of measures, including a cap on interest rates MFIs charge borrowers, to govern the hitherto unregulated industry.

Now, you have to furnish your PAN for availing of any loan above Rs 5 lakh from gold loan companies. Besides, any loan above Rs 1 lakh will be disbursed only through a cheque.