<p dir="ltr"><span>Indian capital markets logged their best single-day gains in over four years on May 12, driven by the announcement of a ceasefire agreement between India and Pakistan and favourable global cues. The easing of trade tensions between the US and China, following fresh tariff decisions, lifted investor sentiment across the board.</span></p>
<p dir="ltr"><span>The United States and China jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries. The ceasefire between India and Pakistan has paved the way for a sharp rally of nearly 4 per cent in India&rsquo;s benchmark indices, Nifty50 and the Sensex, which closed at 24,924.70 and 82,429.90, respectively.</span></p>
<p dir="ltr"><span>The prime mover of the rally will be the foreign institutional investors (FII) who have been buying Indian equities for sixteen continuous days, except on May 09, when the India-Pakistan tensions escalated. All sectoral indices ended in the green.</span></p>
<p dir="ltr"><span>While India&rsquo;s volatility gauge plunged during Monday&rsquo;s intraday session. India VIX measures the market's expectation of future volatility based on the Nifty50 index options contracts. India VIX fell as much as 20.46 per cent to 17.79, the lowest level since the end of April, according to Bloomberg data.</span></p>
<p dir="ltr"><span>Shares of information technology (IT) companies were in focus as the Nifty IT index registered a surge of 6.7 per cent, thus recording its sharpest intraday rally in over five years.</span></p>
<p dir="ltr"><span>The sharp up move in IT stocks was triggered after the US decided to reduce tariffs on China to 30 per cent from 145 per cent for 90 days. Earlier, on April 7, 2020, the Nifty IT index soared 8.3 per cent in intraday trade.</span></p>
<p dir="ltr"><span>In the past one month, the Nifty IT index outperformed the market by surging 15 per cent, as compared to a 6.7 per cent rise in the Nifty 50. However, thus far in the current calendar year 2025, the IT index has slipped 12 per cent due to concerns over the recession in the US and the tariff war.</span></p>
<p dir="ltr"><span>Among sectoral indices, the Nifty Realty (up 5.93 per cent), followed by Metal (up 5.86 per cent) and IT indices, were the top gainers, while only the Pharma index (down 0.07 per cent) was trading in the red.</span></p>
<h2 dir="ltr"><span>Pakistan&rsquo;s stock market</span></h2>
<p dir="ltr"><span>The Karachi Stock Exchange 100 (KSE 100), the benchmark index of the Pakistan stock market, surged over 9 per cent on May 12, sparking a one-hour trading halt.</span></p>
<p dir="ltr"><span>Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, a Reuters report stated.</span></p>
<p dir="ltr"><span>According to data available on Bloomberg, the KSE 100 index jumped 9,751 points to 117,230. This comes after strong gains of nearly 4 per cent were seen in the May 09 trading session. With today's gains, the Pakistan benchmark index has again turned positive on a year-to-date basis.</span></p>
<p>&nbsp;</p>

Business & Economy: The ceasefire between India and Pakistan has paved the way for a sharp rally of nearly 4 per cent in India’s benchmark indices, Nifty50 and Sensex.

Indian capital markets logged their best single-day gains in over four years on May 12, driven by the announcement of a ceasefire agreement between India and Pakistan and favourable global cues. The easing of trade tensions between the US and China, following fresh tariff decisions, lifted investor sentiment across the board. The United States and China jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries. The ceasefire between India and Pakistan has paved the way for a sharp rally of nearly 4 per cent in India’s benchmark indices, Nifty50 and the Sensex, which closed at 24,924.70 and 82,429.90, respectively. The prime mover of the rally will be the foreign institutional investors (FII) who have been buying Indian equities for sixteen continuous days, except on May 09, when the India-Pakistan tensions escalated. All sectoral indices ended in the green. While India’s volatility gauge plunged during Monday’s intraday session. India VIX measures the market's expectation of future volatility based on the Nifty50 index options contracts. India VIX fell as much as 20.46 per cent to 17.79, the lowest level since the end of April, according to Bloomberg data. Shares of information technology (IT) companies were in focus as the Nifty IT index registered a surge of 6.7 per cent, thus recording its sharpest intraday rally in over five years. The sharp up move in IT stocks was triggered after the US decided to reduce tariffs on China to 30 per cent from 145 per cent for 90 days. Earlier, on April 7, 2020, the Nifty IT index soared 8.3 per cent in intraday trade. In the past one month, the Nifty IT index outperformed the market by surging 15 per cent, as compared to a 6.7 per cent rise in the Nifty 50. However, thus far in the current calendar year 2025, the IT index has slipped 12 per cent due to concerns over the recession in the US and the tariff war. Among sectoral indices, the Nifty Realty (up 5.93 per cent), followed by Metal (up 5.86 per cent) and IT indices, were the top gainers, while only the Pharma index (down 0.07 per cent) was trading in the red. Pakistan’s stock market The Karachi Stock Exchange 100 (KSE 100), the benchmark index of the Pakistan stock market, surged over 9 per cent on May 12, sparking a one-hour trading halt. Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, a Reuters report stated. According to data available on Bloomberg, the KSE 100 index jumped 9,751 points to 117,230. This comes after strong gains of nearly 4 per cent were seen in the May 09 trading session. With today's gains, the Pakistan benchmark index has again turned positive on a year-to-date basis.

Stock markets rally amid India-Pakistan truce

<div data-olk-copy-source="MessageBody">
<div data-olk-copy-source="MessageBody">As tensions between India and Pakistan escalate, markets in both countries have turned extremely volatile, with the Pakistani stock index experiencing a more significant hit.</div>
<div></div>
<div>The turmoil reached new heights on Friday, as India's equity markets closed sharply lower, and Pakistan's KSE-100 index see-sawing wildly, driven by growing geopolitical risks.</div>
<div></div>
<div>This instability largely stems from Pakistan's response to India's response to the April 22 terror attack in Pahalgam that killed 26 people.</div>
</div>
<h2><span><b data-olk-copy-source="MessageBody">Indian Markets slide as conflict escalates</b></span></h2>
<div>
<p><span data-olk-copy-source="MessageBody">The benchmark Sensex Index was down by over 800 points and closed at 79,925.34, still down over 800 points. Meanwhile, t</span><span>he broader NSE Nifty50 was down about 1 per cent, testing the 24,000-point mark at the closing bell.&nbsp;</span></p>
<p><span>The sectoral landscape also reflected weakness, with the S&amp;P BSE mid-cap and small-cap indices trading firmly in the red.</span></p>
<p><span>Interestingly, the Nifty consumer durables index stood out as the sole gainer, posting modest gains amid the broader market decline.</span></p>
<p><span>Still, experts cited India&rsquo;s economic fundamentals&mdash;driven by robust GDP growth and softening interest rates&mdash;as key factors underpinning long-term investor confidence.</span></p>
<p><span>However, the prevailing geopolitical uncertainty weighed heavily on sentiment, triggering caution among market participants.</span></p>
<p><span>On the BSE, 2,466 stocks declined while only 423 advanced, indicating a widespread sell-off.</span></p>
<p><span>Despite the weak sentiment, Foreign Portfolio Investors (FPIs) remained net buyers, pumping in ₹2,007.96 crore into equities, whereas Domestic Institutional Investors (DIIs) booked profits, selling shares worth ₹596.25 crore.</span></p>
<div>Amid the overall market downturn, defence stocks emerged as clear winners.</div>
<div></div>
<div>With heightened tensions and expectations of increased defence spending, stocks of companies like Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), and Mazagon Dock Shipbuilders saw sharp gains, some climbing as much as 5 per cent.</div>
<div></div>
<div>This surge underscores investor confidence in the defence sector, with an anticipated boost in military procurement and operations.</div>
<div></div>
<div>On the global stage, companies such as Dassault Aviation, makers of Rafale jets, also saw increased buying interest, highlighting a worldwide trend toward strengthening defence capabilities amid geopolitical uncertainty.</div>
</div>
<h2>Indian rupee takes a hit</h2>
<div>On the currency front, the Indian rupee extended its slide on Friday after falling 1.1 per cent to reach ₹85.57 per dollar, marking its sharpest decline since February 2022.</div>
<div></div>
<div>The rupee's drop reflects growing investor caution amid geopolitical instability and heightened demand for the safe-haven US Dollar.</div>
<h2>Pakistan's KSE-100 gyrates wildly</h2>
<div>
<p><span data-olk-copy-source="MessageBody">Pakistan&rsquo;s KSE-100 index see-sawed throughout the day, eventually posting strong gains.&nbsp;</span></p>
<p><span>It closed 3.52 per cent higher at 107,174.64, up 3,647.82 points.&nbsp;</span></p>
<div data-olk-copy-source="MessageBody">Over the past three sessions, the Pakistan Stock Exchange has shed over 10 per cent, reflecting growing fears of economic instability and anxiety ahead of an IMF board review.</div>
</div>
<h2>Rising tensions: India-Pakistan standoff escalates</h2>
<div>On the ground, military activity has surged on both sides of the border. In response to rising threats, India has bolstered security in New Delhi, deploying additional forces and enhancing surveillance.</div>
<div></div>
<div>In a strategic move, India has suspended trade ties with Pakistan and is actively reviewing the Indus Waters Treaty, signalling a hardening stance. Diplomatic relations remain tense, with both nations summoning each other's High Commissioners for the third time this week, emphasizing the severity of the situation.</div>
<div></div>
<div>Given the ongoing geopolitical risks, experts predict continued market volatility in both Indian and Pakistani stock markets.</div>
<div></div>
<div>While defence stocks may continue to see strong interest, aviation, tourism, and logistics sectors are expected to remain under pressure. Investors remain cautious as the situation remains fluid, with the potential for further escalation in the coming days.</div>

Business & Economy: The stock market fluctuation is primarily driven by Pakistan's response to India's actions following the April 22 terror attack in Pahalgam, which resulted in casualties.

As tensions between India and Pakistan escalate, markets in both countries have turned extremely volatile, with the Pakistani stock index experiencing a more significant hit. The turmoil reached new heights on Friday, as India's equity markets closed sharply lower, and Pakistan's KSE-100 index see-sawing wildly, driven by growing geopolitical risks. This instability largely stems from Pakistan's response to India's response to the April 22 terror attack in Pahalgam that killed 26 people. Indian Markets slide as conflict escalates The benchmark Sensex Index was down by over 800 points and closed at 79,925.34, still down over 800 points. Meanwhile, the broader NSE Nifty50 was down about 1 per cent, testing the 24,000-point mark at the closing bell. The sectoral landscape also reflected weakness, with the S&P BSE mid-cap and small-cap indices trading firmly in the red. Interestingly, the Nifty consumer durables index stood out as the sole gainer, posting modest gains amid the broader market decline. Still, experts cited India’s economic fundamentals—driven by robust GDP growth and softening interest rates—as key factors underpinning long-term investor confidence. However, the prevailing geopolitical uncertainty weighed heavily on sentiment, triggering caution among market participants. On the BSE, 2,466 stocks declined while only 423 advanced, indicating a widespread sell-off. Despite the weak sentiment, Foreign Portfolio Investors (FPIs) remained net buyers, pumping in ₹2,007.96 crore into equities, whereas Domestic Institutional Investors (DIIs) booked profits, selling shares worth ₹596.25 crore. Amid the overall market downturn, defence stocks emerged as clear winners. With heightened tensions and expectations of increased defence spending, stocks of companies like Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), and Mazagon Dock Shipbuilders saw sharp gains, some climbing as much as 5 per cent. This surge underscores investor confidence in the defence sector, with an anticipated boost in military procurement and operations. On the global stage, companies such as Dassault Aviation, makers of Rafale jets, also saw increased buying interest, highlighting a worldwide trend toward strengthening defence capabilities amid geopolitical uncertainty. Indian rupee takes a hit On the currency front, the Indian rupee extended its slide on Friday after falling 1.1 per cent to reach ₹85.57 per dollar, marking its sharpest decline since February 2022. The rupee's drop reflects growing investor caution amid geopolitical instability and heightened demand for the safe-haven US Dollar. Pakistan's KSE-100 gyrates wildly Pakistan’s KSE-100 index see-sawed throughout the day, eventually posting strong gains. It closed 3.52 per cent higher at 107,174.64, up 3,647.82 points. Over the past three sessions, the Pakistan Stock Exchange has shed over 10 per cent, reflecting growing fears of economic instability and anxiety ahead of an IMF board review. Rising tensions: India-Pakistan standoff escalates On the ground, military activity has surged on both sides of the border. In response to rising threats, India has bolstered security in New Delhi, deploying additional forces and enhancing surveillance. In a strategic move, India has suspended trade ties with Pakistan and is actively reviewing the Indus Waters Treaty, signalling a hardening stance. Diplomatic relations remain tense, with both nations summoning each other's High Commissioners for the third time this week, emphasizing the severity of the situation. Given the ongoing geopolitical risks, experts predict continued market volatility in both Indian and Pakistani stock markets. While defence stocks may continue to see strong interest, aviation, tourism, and logistics sectors are expected to remain under pressure. Investors remain cautious as the situation remains fluid, with the potential for further escalation in the coming days.

India-Pakistan tension: NIFTY, Sensex and KSE remain volatile amid escalating conflict

<p>The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged.</p>

<p>After falling over 100 points in early trade, the 30-share index recovered lost ground and was trading marginally lower at 39,006.33. The NSE Nifty too was trading 14.65 points down at 11,733.50.</p>

<p>In the previous session on Tuesday, the BSE bourse closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15.</p>

<p>Top gainers in the early session were Yes Bank, Bharti Airtel, Hero MotoCorp, Sun Pharma, RIL, M&amp;M, PowerGrid, HDFC Bank, IndusInd Bank, Bajaj Auto, L&amp;T, Coal India and Kotak Bank, rising up to 3.66 per cent.</p>

<p>On the other hand, Tata Motors, ICICI Bank, Infosys, Tata Steel, NTPC, TCS, HUL, Bajaj Finance, HCL Tech and ITC were among the top losers, shedding up to 1.94 per cent.</p>

<p>According to traders, market sentiment was choppy as investors took weak cues from globe equities after the US Federal Reserve Wednesday decided to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy.</p>

<p>On Wall Street, the S&amp;P 500 index and the Nasdaq ended in the red on Wednesday.</p>

<p>Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading on a mixed note in early trade.</p>

<p>Brent crude futures, the global oil benchmark, were trading 0.28 per cent lower at USD 71.98 per barrel.</p>

<p>On the currency front, the rupee was trading flat at 69.57 against the US dollar in early trade.</p>

<p>Meanwhile, foreign institutional investors (FIIs) bought equity worth Rs 114.59 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 730.02 crore, provisional data available with stock exchanges showed.</p>


The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged.

The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged. After falling over 100 points in early trade, the 30-share index recovered lost ground and was trading marginally lower at 39,006.33. The NSE Nifty too was trading 14.65 points down at 11,733.50. In the previous session on Tuesday, the BSE bourse closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15. Top gainers in the early session were Yes Bank, Bharti Airtel, Hero MotoCorp, Sun Pharma, RIL, M&M, PowerGrid, HDFC Bank, IndusInd Bank, Bajaj Auto, L&T, Coal India and Kotak Bank, rising up to 3.66 per cent. On the other hand, Tata Motors, ICICI Bank, Infosys, Tata Steel, NTPC, TCS, HUL, Bajaj Finance, HCL Tech and ITC were among the top losers, shedding up to 1.94 per cent. According to traders, market sentiment was choppy as investors took weak cues from globe equities after the US Federal Reserve Wednesday decided to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. On Wall Street, the S&P 500 index and the Nasdaq ended in the red on Wednesday. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading on a mixed note in early trade. Brent crude futures, the global oil benchmark, were trading 0.28 per cent lower at USD 71.98 per barrel. On the currency front, the rupee was trading flat at 69.57 against the US dollar in early trade. Meanwhile, foreign institutional investors (FIIs) bought equity worth Rs 114.59 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 730.02 crore, provisional data available with stock exchanges showed.

Sensex starts on a weak note; Yes Bank recovers 4%

<p>The BSE Sensex tumbled about 280 points to close below the 37,000-mark Friday after investors were jolted by an over 1,000-point plunge in afternoon trade.</p>

<p>The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 at 1309 hours, before staging an equally sharp recovery.</p>

<p>The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.</p>

<p>The Sensex finally ended lower by 279.62 points, or 0.75 per cent, at 36,841.60. This is its lowest closing since July 25, when it had finished at 36,858.23.</p>

<p>Yes Bank was the worst performer on the index, losing a whopping 28.71 per cent. The Reserve Bank Wednesday curtailed the term of its founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019.</p>

<p>The broader Nifty too suffered a mid-session plunge and ended at 11,143.10, down 91.25 points.</p>

<p>The indices closed with losses for the third straight week. The Sensex lost a hefty 1,249.04 points, or 3.28 per cent, while the NSE Nifty fell 372.10 points, or 3.23 per cent, during the week.</p>

<p>Foreign portfolio investors (FPIs) remained net sellers and offloaded equities worth Rs 2,184.55 crore while domestic institutional investors (DIIs) made purchases worth a net Rs 1,201.30 crore Wednesday, provisional data showed.&nbsp;</p>


The BSE Sensex tumbled about 280 points to close below the 37,000-mark Friday after investors were jolted by an over 1,000-point plunge in afternoon trade. The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.

The BSE Sensex tumbled about 280 points to close below the 37,000-mark Friday after investors were jolted by an over 1,000-point plunge in afternoon trade. The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 at 1309 hours, before staging an equally sharp recovery. The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis. The Sensex finally ended lower by 279.62 points, or 0.75 per cent, at 36,841.60. This is its lowest closing since July 25, when it had finished at 36,858.23. Yes Bank was the worst performer on the index, losing a whopping 28.71 per cent. The Reserve Bank Wednesday curtailed the term of its founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019. The broader Nifty too suffered a mid-session plunge and ended at 11,143.10, down 91.25 points. The indices closed with losses for the third straight week. The Sensex lost a hefty 1,249.04 points, or 3.28 per cent, while the NSE Nifty fell 372.10 points, or 3.23 per cent, during the week. Foreign portfolio investors (FPIs) remained net sellers and offloaded equities worth Rs 2,184.55 crore while domestic institutional investors (DIIs) made purchases worth a net Rs 1,201.30 crore Wednesday, provisional data showed.

Sensex ends in red after 1,000-point flash crash

<p>Sensex plunged by over one thousand points on Friday afternoon with YesBank, Adani Ports, Tata Motars falling sharply as huge selloff was witnessed in automobiles, FMCG products and pharmaceuticals.</p>

<p><a href="http://wionews.com/business-economy/yes-bank-plunges-nearly-third-after-rbi-curtails-ceos-term-166960">Also Read:&nbsp;Yes Bank plunges by nearly a third after RBI curtails CEO's term</a></p>

<p>Dewan Housing Finance Corporation(DHFL) market cap tanked 10,000 crore in market capitalization&nbsp;at one point as the Nifty went below 11,000 level.</p>

<p>DHFL stock slipped below Rs 400 per share to go down 40 per cent in intraday trade.&nbsp;</p>

<p>Several stocks in the BSE 500 lost over 10 per cent in market value including Jaipark, Indiabulls and&nbsp;Dewan HSG.</p>

<p>The markets recovered later to be down by 374.74 points or 1.01% at 36746.48.</p>

<p>The Rupee too lost ground after going down below 72 on Thursday.</p>

<p>The benchmark BSE Sensex had recovered by 231.40 points, or 0.62 per cent, to 37,352.62 in morning trade. The Sensex had lost 969.42 points in the previous three sessions.</p>

<p>On Friday morning, the NSE Nifty went past 11,300 to trade at 11,318.50, gaining 84.15, or 0.75 per cent.</p>

<p>Overseas, most Asian shares were trading higher, tracking positive closing in the US market overnight.&nbsp;Shanghai Composite Index was up by 0.90 per cent, Hong Kong's Hang Seng rose 1 per cent.</p>

<p>Japan's Nikkei too inched 0.50 per cent higher after a data release earlier showed that the country's nationwide core consumer price index for the month of August rose 0.90 per cent compared to a year ago.</p>

<p>The US Dow Jones Industrial Average ended 0.97 per cent higher on Thursday.&nbsp;</p>


Sensex plunged by over one thousand points on Friday afternoon with YesBank, Adani Ports, Tata Motars falling sharply as huge selloff was witnessed in automobiles, FMCG products and pharmaceuticals.

Sensex plunged by over one thousand points on Friday afternoon with YesBank, Adani Ports, Tata Motars falling sharply as huge selloff was witnessed in automobiles, FMCG products and pharmaceuticals. Also Read: Yes Bank plunges by nearly a third after RBI curtails CEO's term Dewan Housing Finance Corporation(DHFL) market cap tanked 10,000 crore in market capitalization at one point as the Nifty went below 11,000 level. DHFL stock slipped below Rs 400 per share to go down 40 per cent in intraday trade. Several stocks in the BSE 500 lost over 10 per cent in market value including Jaipark, Indiabulls and Dewan HSG. The markets recovered later to be down by 374.74 points or 1.01% at 36746.48. The Rupee too lost ground after going down below 72 on Thursday. The benchmark BSE Sensex had recovered by 231.40 points, or 0.62 per cent, to 37,352.62 in morning trade. The Sensex had lost 969.42 points in the previous three sessions. On Friday morning, the NSE Nifty went past 11,300 to trade at 11,318.50, gaining 84.15, or 0.75 per cent. Overseas, most Asian shares were trading higher, tracking positive closing in the US market overnight. Shanghai Composite Index was up by 0.90 per cent, Hong Kong's Hang Seng rose 1 per cent. Japan's Nikkei too inched 0.50 per cent higher after a data release earlier showed that the country's nationwide core consumer price index for the month of August rose 0.90 per cent compared to a year ago. The US Dow Jones Industrial Average ended 0.97 per cent higher on Thursday.

Sensex plunges over 1,000 points, recovers later

<p>Indian shares hit a near three-month high on Monday, in tandem with global markets, as technology shares gained and lenders rose on expectation of strong numbers from Housing Development Finance Corp and Kotak Mahindra Bank later in the day.</p>

<p>Gains were, however, capped as index heavyweight Reliance Industries Ltd fell as much as much as 3.5 percent, its biggest percentage loss since February&nbsp;2, after the result from the oil-to-retail conglomerate's telecoms arm Jio failed to cheer.</p>

<p>Asian shares extended gains as tensions in the Korean Peninsula eased and first-quarter earnings shone, even though some investors were cautious about the outlook amid the backdrop of a simmering US-China trade dispute.</p>

<p>"We're following the global trend, and there has not been any major disappointment in the domestic earnings season," said Sumit Pokharna, deputy vice president, Kotak Securities.</p>

<p>There is some profit-booking in Reliance, plus the market was anticipating much better numbers from Jio, he added.</p>

<p>The broader NSE Nifty was up 0.50 percent at 10,745.75, with State Bank of India and Yes Bank, up 2.6 percent and 2 percent respectively, leading the gains.</p>

<p>The benchmark BSE Sensex was 0.57 percent higher at 35,167.75. Both the indexes hit their highest levels since Feb 2 and were poised to end the month higher after two consecutive months of losses.</p>

<p>IT stocks rose, with the Nifty IT index gaining as much as 2.3 percent aided by the recent weakness in the rupee.</p>

<p>Reliance dragged the Nifty Energy index, which was down as much as 2.1 percent, its biggest intraday percentage loss in over a month.</p>

<p>Bond and currency markets are closed on Monday and Tuesday for a public holiday. Stock markets will remain shut on Tuesday.</p>


The benchmark BSE Sensex was 0.57 percent higher at 35,167.75.

Indian shares hit a near three-month high on Monday, in tandem with global markets, as technology shares gained and lenders rose on expectation of strong numbers from Housing Development Finance Corp and Kotak Mahindra Bank later in the day. Gains were, however, capped as index heavyweight Reliance Industries Ltd fell as much as much as 3.5 percent, its biggest percentage loss since February 2, after the result from the oil-to-retail conglomerate's telecoms arm Jio failed to cheer. Asian shares extended gains as tensions in the Korean Peninsula eased and first-quarter earnings shone, even though some investors were cautious about the outlook amid the backdrop of a simmering US-China trade dispute. "We're following the global trend, and there has not been any major disappointment in the domestic earnings season," said Sumit Pokharna, deputy vice president, Kotak Securities. There is some profit-booking in Reliance, plus the market was anticipating much better numbers from Jio, he added. The broader NSE Nifty was up 0.50 percent at 10,745.75, with State Bank of India and Yes Bank, up 2.6 percent and 2 percent respectively, leading the gains. The benchmark BSE Sensex was 0.57 percent higher at 35,167.75. Both the indexes hit their highest levels since Feb 2 and were poised to end the month higher after two consecutive months of losses. IT stocks rose, with the Nifty IT index gaining as much as 2.3 percent aided by the recent weakness in the rupee. Reliance dragged the Nifty Energy index, which was down as much as 2.1 percent, its biggest intraday percentage loss in over a month. Bond and currency markets are closed on Monday and Tuesday for a public holiday. Stock markets will remain shut on Tuesday.

Sensex hits near three-month high; IT stocks, lenders gain

<p>The benchmark BSE Sensex recovered by over 123 points in early trade today, halting its three-session falling streak on fresh spell of buying in recent losers amid positive Asian cues.</p>

<p>The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.</p>

<p>Sectoral indices led by infrastructure, capital goods, PSU, realty and metal were leading the recovery, adding up to 0.70 per cent.</p>

<p>The NSE Nifty also moved up by 26.90 points, or 0.25 per cent, to trade at 10,470.10.</p>

<p>Brokers said continued foreign fund inflows and gains at most of Asian markets influenced trading sentiments here.</p>

<p>Foreign institutional investors bought equities worth Rs 96.31 crore yesterday, while Domestic Institutional Investors (DIIs) sold shares worth Rs 269.20 crore, as per the provisional data.</p>

<p>In the Sensex kitty, major gainers included Asian Paint, ONGC, IndusInd Bank, Dr Reddy&#39;s, TCS, Maruti Suzuki, L&amp;T, Axis Bank, SBI, ITC Ltd, HDFC Bank, M&amp;M, NTPC and Reliance Industries, gaining up to 1.38 per cent.</p>

<p>In Asia, Hong Kong&#39;s Hang Seng rose 0.47 per cent while Shanghai Composite index up 0.41 per cent in early trade today. Japan&#39;s Nikkei began the first trading day of 2018 on a strong note by rising 2.46 per cent, trying to catch up with recent rallies on Wall Street.</p>

<p>The US Dow Jones Industrial Average ended 0.40 per cent higher yesterday.&nbsp;</p>


The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75.

The benchmark BSE Sensex recovered by over 123 points in early trade today, halting its three-session falling streak on fresh spell of buying in recent losers amid positive Asian cues. The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions. Sectoral indices led by infrastructure, capital goods, PSU, realty and metal were leading the recovery, adding up to 0.70 per cent. The NSE Nifty also moved up by 26.90 points, or 0.25 per cent, to trade at 10,470.10. Brokers said continued foreign fund inflows and gains at most of Asian markets influenced trading sentiments here. Foreign institutional investors bought equities worth Rs 96.31 crore yesterday, while Domestic Institutional Investors (DIIs) sold shares worth Rs 269.20 crore, as per the provisional data. In the Sensex kitty, major gainers included Asian Paint, ONGC, IndusInd Bank, Dr Reddy's, TCS, Maruti Suzuki, L&T, Axis Bank, SBI, ITC Ltd, HDFC Bank, M&M, NTPC and Reliance Industries, gaining up to 1.38 per cent. In Asia, Hong Kong's Hang Seng rose 0.47 per cent while Shanghai Composite index up 0.41 per cent in early trade today. Japan's Nikkei began the first trading day of 2018 on a strong note by rising 2.46 per cent, trying to catch up with recent rallies on Wall Street. The US Dow Jones Industrial Average ended 0.40 per cent higher yesterday.

Sensex rebounds 123 points in opening trade on Asian cues