Equity indices on Thursday soared in opening trade with BSE Sensex surging 200 points, touching a record high at 40,670.46. Nifty, on the other hand, crossed the 12,000 mark, rising over 50 points.&nbsp;

The cheer in the domestic stock market comes after Finance Minister Nirmala Sitharaman on Wednesday announced that the Union Cabinet had approved a Rs 25,000-crore <a href="https://www.wionews.com/india-news/government-to-clear-rs-25000-crore-fund-to-revive-stalled-housing-projects-nirmala-sitharaman-260384">fund for stalled middle and low-income housing projects</a>.

The government plans to give a boost to the housing market to revive over 1600 stalled housing projects covering 4.58 lakh units.

"A special window will be made, that will be an alternative investment fund (AIF). The government will first fund Rs 10,000 crore. There will be participation from SBI and LIC to place funds. The total funding from the government and SBI and LIC put together is expected to have a starting value at around Rs 25,000 crore," said Finance Minister. 
Addressing a press conference after the cabinet meeting, Finance Minister Nirmala Sitharaman said the fund will provide relief to developers with unfinished projects and ensure delivery of homes to buyers. 
The minister said over 1,600 housing projects are stalled and about 4.58 lakh housing units are stuck in it. She said the fund will be set up as a Category-11 AIF (Alternate Investment Fund) debt fund registered with SEBI and would be professionally run.

"For these incomplete projects, we will put money into an escrow account. Those incomplete projects registered with RERA will get funded for the last finishing projects after assessing their net worth if it is positive. The money will be given in stages. So, people will not have to worry about projects getting completed or not," she said. 
&nbsp;

Equity indices on Thursday soared in opening trade with BSE Sensex surging 200 points, touching a record high at 40,670.46. Nifty, on the other hand, crossed the 12,000 mark, rising over 50 points.

Equity indices on Thursday soared in opening trade with BSE Sensex surging 200 points, touching a record high at 40,670.46. Nifty, on the other hand, crossed the 12,000 mark, rising over 50 points. The cheer in the domestic stock market comes after Finance Minister Nirmala Sitharaman on Wednesday announced that the Union Cabinet had approved a Rs 25,000-crore fund for stalled middle and low-income housing projects. The government plans to give a boost to the housing market to revive over 1600 stalled housing projects covering 4.58 lakh units. "A special window will be made, that will be an alternative investment fund (AIF). The government will first fund Rs 10,000 crore. There will be participation from SBI and LIC to place funds. The total funding from the government and SBI and LIC put together is expected to have a starting value at around Rs 25,000 crore," said Finance Minister. Addressing a press conference after the cabinet meeting, Finance Minister Nirmala Sitharaman said the fund will provide relief to developers with unfinished projects and ensure delivery of homes to buyers. The minister said over 1,600 housing projects are stalled and about 4.58 lakh housing units are stuck in it. She said the fund will be set up as a Category-11 AIF (Alternate Investment Fund) debt fund registered with SEBI and would be professionally run. "For these incomplete projects, we will put money into an escrow account. Those incomplete projects registered with RERA will get funded for the last finishing projects after assessing their net worth if it is positive. The money will be given in stages. So, people will not have to worry about projects getting completed or not," she said.

Markets open in green; Sensex soars 200 points, touches record high 

BSE Sensex on Wednesday noon hit a fresh high breaching the 40,500, surging around 270 points.&nbsp;

Earlier in the day, equity indices opened in red in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks.

At 10:15 am, the BSE S&amp;P Sensex was down by 186 points at 40,062 while the Nifty 50 edged lower by 58 points to 11,859.

On Monday, Indian shares jumped extending gains to a seventh straight session, boosted by the government's plan to offer more capital to finance the country's infrastructure needs and reports of further tax reforms, news agency Reuters reported.&nbsp;

BSE Sensex on Wednesday noon hit a fresh high breaching the 40,500, surging around 270 points. Earlier in the day, equity indices opened in red in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks.

BSE Sensex on Wednesday noon hit a fresh high breaching the 40,500, surging around 270 points. Earlier in the day, equity indices opened in red in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks. At 10:15 am, the BSE S&P Sensex was down by 186 points at 40,062 while the Nifty 50 edged lower by 58 points to 11,859. On Monday, Indian shares jumped extending gains to a seventh straight session, boosted by the government's plan to offer more capital to finance the country's infrastructure needs and reports of further tax reforms, news agency Reuters reported.

Sensex surges 270 points, breaches 40,500 mark

Know how the market performed on 5th November 2019. Watch this segment to get all updates related to stocks and shares.

Migrant risk their lives to enter EU

Domestic Stock market indices were volatile on Friday but traded in a narrow range throughout the trading session.

The Sensex ended 36 points higher at 40,165 while the Nifty 50 edged higher by 22.05 points to 11,899.50.

Most sectoral indices at the National Stock Exchange were in the green except for Nifty auto and IT. Nifty media jumped by 7.6 per cent while metal was up by 2.3 per cent.

On a weekly basis, Sensex gained 2.83 per cent while Nifty added 2.72 per cent.

Sectorally, barring auto and IT stocks, all the sectoral indices on the NSE ended in the green. Media stocks jumped the most with the Nifty Media jumping nearly 8 per cent to 1,923.15 levels.&nbsp;

(With inputs from ANI)

Domestic Stock market indices were volatile on Friday but traded in a narrow range throughout the trading session. The Sensex ended 36 points higher at 40,165 while the Nifty 50 edged higher by 22.

Domestic Stock market indices were volatile on Friday but traded in a narrow range throughout the trading session. The Sensex ended 36 points higher at 40,165 while the Nifty 50 edged higher by 22.05 points to 11,899.50. Most sectoral indices at the National Stock Exchange were in the green except for Nifty auto and IT. Nifty media jumped by 7.6 per cent while metal was up by 2.3 per cent. On a weekly basis, Sensex gained 2.83 per cent while Nifty added 2.72 per cent. Sectorally, barring auto and IT stocks, all the sectoral indices on the NSE ended in the green. Media stocks jumped the most with the Nifty Media jumping nearly 8 per cent to 1,923.15 levels. (With inputs from ANI)

Sensex holds above 40,000 mark, Nifty closes at 11,899.50

Equity benchmark indices continued their upward march during early hours on Thursday amid optimism in global markets.

At 10:15 am, the BSE S&amp;P Sensex was up by 215 points at 40,267 while the Nifty 50 edged higher by 65 points to 11,909.

All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2.4 per cent and realty by 1.9 per cent.

Among stocks, State Bank of India rose by 3.7 per cent while Infosys was up by 2.3 per cent and Wipro by 1.2 per cent.

The other prominent gainers were Grasim, HDFC Bank, Hero MotoCorp, Dr Reddy's, Titan and Nestle India.

But Tata Steel, Mahindra &amp; Mahindra, Bharti Infratel, Power Grid Corporation and Yes Bank showed marginal losses.

Meanwhile, Asian shares and US stock futures edged higher after the US Federal Reserve cut interest rates for the third time in a row by 25 basis points as expected to keep economic expansion on track.

However, the Fed hinted that there will be no further cuts unless deemed necessary.

Japan's Nikkei moved up by 0.36 per cent, Hong Kong's Hang Seng index by 1.06 per cent and South Korea's Kospi by 0.9 per cent.

But the Shanghai Composite index slipped by 0.09 per cent as data showed that factory activity in China shrank for the sixth straight month in October.

 
&nbsp;

Equity benchmark indices continued their upward march during early hours on Thursday amid optimism in global markets. At 10:15 am, the BSE S&P Sensex was up by 215 points at 40,267 while the Nifty 50 edged higher by 65 points to 11,909.

Equity benchmark indices continued their upward march during early hours on Thursday amid optimism in global markets. At 10:15 am, the BSE S&P Sensex was up by 215 points at 40,267 while the Nifty 50 edged higher by 65 points to 11,909. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2.4 per cent and realty by 1.9 per cent. Among stocks, State Bank of India rose by 3.7 per cent while Infosys was up by 2.3 per cent and Wipro by 1.2 per cent. The other prominent gainers were Grasim, HDFC Bank, Hero MotoCorp, Dr Reddy's, Titan and Nestle India. But Tata Steel, Mahindra & Mahindra, Bharti Infratel, Power Grid Corporation and Yes Bank showed marginal losses. Meanwhile, Asian shares and US stock futures edged higher after the US Federal Reserve cut interest rates for the third time in a row by 25 basis points as expected to keep economic expansion on track. However, the Fed hinted that there will be no further cuts unless deemed necessary. Japan's Nikkei moved up by 0.36 per cent, Hong Kong's Hang Seng index by 1.06 per cent and South Korea's Kospi by 0.9 per cent. But the Shanghai Composite index slipped by 0.09 per cent as data showed that factory activity in China shrank for the sixth straight month in October.

Equities trade higher led by PSU bank and realty stocks

The domestic stock market indices zoomed to a fresh record high on Thursday but later receded in the afternoon trade.

While Sensex closed 77 points higher at 40,129, Nifty ended 33.35 points higher to close at 11,877.45.&nbsp;

Sectorally, financial services, metal and private banking stocks closed in the bearish zone, while media and PSU banking scrips closed at a hike of over 3%, followed by over 1% in realty and IT stocks.

Among stocks, private sector lender Yes Bank was the winner of the day after the announcement that it has received a binding offer of 1.2 billion dollars from a global investor.&nbsp;

The stock closed with gains of 23.77 per cent at Rs 70.30 per share. Public sector State Bank of India too showed handsome gains of 7.8 per cent to close at Rs 312.50 per cent. The other prominent gainers were Grasim, Infosys, Bharti Infratel, Tata Motors, GAIL and Wipro.

However, metal stocks showed de-growth with JSW Steel declining by 2.8 per cent and Tata Steel by 2 per cent. Axis Bank, ICICI Bank and HDFC Bank too were in the red along with Tech Mahindra, Vedanta and Reliance Industries.

Meanwhile, Asian shares and US stock futures edged higher after the Fed cut interest rates to keep the economic expansion on track. However, the Fed hinted that there will be no further cuts unless deemed necessary.

Japan's Nikkei moved up by 0.37 per cent, Hong Kong's Hang Seng index by 0.9 per cent and South Korea`s Kospi by 0.15 per cent. But the Shanghai Composite index slipped by 0.35 per cent as data showed that factory activity in China shrank for the sixth straight month in October.

(With inputs from ANI)

The domestic stock market indices zoomed to a fresh record high on Thursday but later receded in the afternoon trade. While Sensex closed 77 points higher at 40,129, Nifty ended 33.

The domestic stock market indices zoomed to a fresh record high on Thursday but later receded in the afternoon trade. While Sensex closed 77 points higher at 40,129, Nifty ended 33.35 points higher to close at 11,877.45. Sectorally, financial services, metal and private banking stocks closed in the bearish zone, while media and PSU banking scrips closed at a hike of over 3%, followed by over 1% in realty and IT stocks. Among stocks, private sector lender Yes Bank was the winner of the day after the announcement that it has received a binding offer of 1.2 billion dollars from a global investor. The stock closed with gains of 23.77 per cent at Rs 70.30 per share. Public sector State Bank of India too showed handsome gains of 7.8 per cent to close at Rs 312.50 per cent. The other prominent gainers were Grasim, Infosys, Bharti Infratel, Tata Motors, GAIL and Wipro. However, metal stocks showed de-growth with JSW Steel declining by 2.8 per cent and Tata Steel by 2 per cent. Axis Bank, ICICI Bank and HDFC Bank too were in the red along with Tech Mahindra, Vedanta and Reliance Industries. Meanwhile, Asian shares and US stock futures edged higher after the Fed cut interest rates to keep the economic expansion on track. However, the Fed hinted that there will be no further cuts unless deemed necessary. Japan's Nikkei moved up by 0.37 per cent, Hong Kong's Hang Seng index by 0.9 per cent and South Korea`s Kospi by 0.15 per cent. But the Shanghai Composite index slipped by 0.35 per cent as data showed that factory activity in China shrank for the sixth straight month in October. (With inputs from ANI)

Sensex ends at an all-time high, Nifty closes at 11,877.45

Equity indices were subdued during early hours on Wednesday in line with Asian markets ahead of the US Federal Reserve's interest rate decision due to be announced later today.

At 10:15 am, the BSE S&amp;P Sensex was up by 126 points at 39,956 while the Nifty 50 edged higher by 33 points to 11,820.

Sectoral indices at the National Stock Exchange were mixed with Nifty IT up by 1.1 per cent but auto, pharma and private banks in the red.

Shares of Vodafone Idea rose by 2.8 per cent, Bharti Airtel by 2.1 per cent and Bharti Infratel by 2.7 per cent after sources said that the Committee of Secretaries headed by Cabinet Secretary Rajiv Gauba has been asked to evaluate financial stress faced by telecom operators and suggest measures to alleviate the stress.

Oil marketing firms IndianOil Corporation and Bharat Petroleum Corporation edged higher by 2.6 per cent and 1.8 per cent respectively after Prime Minister Narendra Modi said a day earlier that India will invest 100 billion dollars in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years.

The other prominent gainers were IT majors Infosys and Wipro, Grasim, Larsen &amp; Toubro and Vedanta.

However, those which lost marginally were Tata Motors, Cipla, Coal India, Eicher Motors and IndusInd Bank.

Meanwhile, Asian stock markets traded flat as the prospect of a rate cut by the US Fed was countered by worries that the US-China first-stage trade deal could be delayed.

Japan's Nikkei slipped marginally while South Korea's Kospi traded down by 0.7 per cent. The Shanghai Composite fell by 0.53 per cent and Hong Kong's Hang Seng index dipped by 0.44 per cent.

Equity indices were subdued during early hours on Wednesday in line with Asian markets ahead of the US Federal Reserve's interest rate decision due to be announced later today.

Equity indices were subdued during early hours on Wednesday in line with Asian markets ahead of the US Federal Reserve's interest rate decision due to be announced later today. At 10:15 am, the BSE S&P Sensex was up by 126 points at 39,956 while the Nifty 50 edged higher by 33 points to 11,820. Sectoral indices at the National Stock Exchange were mixed with Nifty IT up by 1.1 per cent but auto, pharma and private banks in the red. Shares of Vodafone Idea rose by 2.8 per cent, Bharti Airtel by 2.1 per cent and Bharti Infratel by 2.7 per cent after sources said that the Committee of Secretaries headed by Cabinet Secretary Rajiv Gauba has been asked to evaluate financial stress faced by telecom operators and suggest measures to alleviate the stress. Oil marketing firms IndianOil Corporation and Bharat Petroleum Corporation edged higher by 2.6 per cent and 1.8 per cent respectively after Prime Minister Narendra Modi said a day earlier that India will invest 100 billion dollars in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years. The other prominent gainers were IT majors Infosys and Wipro, Grasim, Larsen & Toubro and Vedanta. However, those which lost marginally were Tata Motors, Cipla, Coal India, Eicher Motors and IndusInd Bank. Meanwhile, Asian stock markets traded flat as the prospect of a rate cut by the US Fed was countered by worries that the US-China first-stage trade deal could be delayed. Japan's Nikkei slipped marginally while South Korea's Kospi traded down by 0.7 per cent. The Shanghai Composite fell by 0.53 per cent and Hong Kong's Hang Seng index dipped by 0.44 per cent.

Equities flat in early trading, telecom stocks gain

Domestic stock market indices extended gains for the fourth straight day on Wednesday with Sensex ending the trading session above the important level of 40,000.

Sensex added 220 points or 0.55 per cent to end at 40,052 and Nifty50 index ended at 11,844, up 57 points or 0.49 per cent. Out of 50 components, 28 ended in the green and 22 in the red.&nbsp;

During the early trade at around 10.35 am, Sensex was trading at 40,020.22 points, up by 188 points while Nifty was up 55.85 points at 11,842.60.

Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank up by 3.7 per cent, IT by 1.4 per cent and FMCG by one per cent.

Among stocks, energy major GAIL was a prominent winner with gains of 6.3 per cent at Rs 133.80.

IndianOil too showed gains of 1.9 per cent after Prime Minister Narendra Modi said a day earlier that India will invest 100 billion dollars in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years.

The country's largest lender State Bank of India edged higher by 3.4 per cent to Rs 290.40 per share. Besides, Tata Consultancy Services, ITC, Nestle India, Bharti Airtel and Eicher Motors showed modest profits.

However, Bharti Infratel closed 5.2 per cent lower after witnessing gains during the morning session. Yes Bank, Cipla, Maruti and Britannia too closed in the red.

Meanwhile, Asian stock markets traded in the negative zone as the prospect of a rate cut by the US Fed was countered by worries that the US-China first-stage trade deal could be delayed.

Japan's Nikkei slipped by 0.57 per cent while South Korea's Kospi traded down by 0.59 per cent. The Shanghai Composite fell by 0.50 per cent and Hong Kong's Hang Seng index dipped by 0.44 per cent.

(With inputs from ANI)

Domestic stock market indices extended gains for the fourth straight day on Wednesday with Sensex ending the trading session above the important level of 40,000.

Domestic stock market indices extended gains for the fourth straight day on Wednesday with Sensex ending the trading session above the important level of 40,000. Sensex added 220 points or 0.55 per cent to end at 40,052 and Nifty50 index ended at 11,844, up 57 points or 0.49 per cent. Out of 50 components, 28 ended in the green and 22 in the red. During the early trade at around 10.35 am, Sensex was trading at 40,020.22 points, up by 188 points while Nifty was up 55.85 points at 11,842.60. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank up by 3.7 per cent, IT by 1.4 per cent and FMCG by one per cent. Among stocks, energy major GAIL was a prominent winner with gains of 6.3 per cent at Rs 133.80. IndianOil too showed gains of 1.9 per cent after Prime Minister Narendra Modi said a day earlier that India will invest 100 billion dollars in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years. The country's largest lender State Bank of India edged higher by 3.4 per cent to Rs 290.40 per share. Besides, Tata Consultancy Services, ITC, Nestle India, Bharti Airtel and Eicher Motors showed modest profits. However, Bharti Infratel closed 5.2 per cent lower after witnessing gains during the morning session. Yes Bank, Cipla, Maruti and Britannia too closed in the red. Meanwhile, Asian stock markets traded in the negative zone as the prospect of a rate cut by the US Fed was countered by worries that the US-China first-stage trade deal could be delayed. Japan's Nikkei slipped by 0.57 per cent while South Korea's Kospi traded down by 0.59 per cent. The Shanghai Composite fell by 0.50 per cent and Hong Kong's Hang Seng index dipped by 0.44 per cent. (With inputs from ANI)

Sensex gains 220 points, hits 40,000 for first time since July

India’s benchmark equity indices ended with sharp gains today shrugging off a weak start in early morning trade.&nbsp;

The Sensex closed 582 points or 1.48 per cent, higher at 39,831.84, NSE Nifty50 settled 160 points, or 1.37 per cent, up at 11,786.85.

Globally, optimism over US-China trade deal and the European Union extending Brexit deadline to January 31 2020, also boosted sentiment.

All sectoral indices at the National Stock Exchange were in the green except for Nifty FMCG.&nbsp;

During the one-hour muhurat trading on Sunday evening, it had made a dramatic gain of 17.8 per cent at Rs 149.55 per share despite recently reporting a standalone net loss of Rs 1,282 crore during the second quarter ended September 30.

India’s benchmark equity indices ended with sharp gains today shrugging off a weak start in early morning trade. The Sensex closed 582 points or 1.48 per cent, higher at 39,831.

India’s benchmark equity indices ended with sharp gains today shrugging off a weak start in early morning trade. The Sensex closed 582 points or 1.48 per cent, higher at 39,831.84, NSE Nifty50 settled 160 points, or 1.37 per cent, up at 11,786.85. Globally, optimism over US-China trade deal and the European Union extending Brexit deadline to January 31 2020, also boosted sentiment. All sectoral indices at the National Stock Exchange were in the green except for Nifty FMCG. During the one-hour muhurat trading on Sunday evening, it had made a dramatic gain of 17.8 per cent at Rs 149.55 per share despite recently reporting a standalone net loss of Rs 1,282 crore during the second quarter ended September 30.

Sensex closes 582 points higher, Nifty settles at 11,787

The domestic stock market indices on Tuesday witnessed strong gains during the afternoon trade following positive global sentiment on hopes of a rate cut by the US Federal Reserve.

The domestic stock market indices on Tuesday witnessed strong gains during the afternoon trade following positive global sentiment on hopes of a rate cut by the US Federal Reserve. At 2 pm, the BSE S&P Sensex was up by 650 points or 1.66 per cent at 39,900.90 while the Nifty 50 edged higher by 176.05 points to 11,804.80. All sectoral indices at the National Stock Exchange were in the green except for Nifty FMCG. Nifty metal was up by 3.7 per cent, auto up by 3.2 per cent, PSU bank by 1.4 per cent and pharma by 1.3 per cent. Among stocks, Tata Motors jumped by 13.41 per cent to Rs 167.50 per share. During the one-hour muhurat trading on Sunday evening, it had made a dramatic gain of 17.8 per cent at Rs 149.55 per share despite recently reporting a standalone net loss of Rs 1,282 crore during the second quarter ended September 30. Metal scrips too showed gains with Tata Steel edging higher by 6.5 per cent, JSW Steel by 5.2 per cent, Vedanta by 4.8 per cent and Hindalco by 2 per cent. But telecom stocks continued their downward slide after the Supreme Court last week rejected the operators` definition of adjusted gross revenue (AGR). The judgement will negatively impact incumbent cash-strapped operators by over Rs 92,000 crore. Vodafone Idea plunged by 7.8 per cent, Bharti Infratel by 6.2 per cent and Bharti Airtel by 3.5 per cent. Meanwhile, Asian shares rose to a three-month peak after Wall Street hit all-time highs a day earlier amid hopes of progress in US-China trade talks. (With inputs from ANI)

Sensex zooms over 650 points in afternoon trade, Nifty hits 11,800-mark

Domestic stock market indices Sensex and Nifty gained during the early trade, taking cues from the poll trend which suggest BJP may return to power in Maharashtra and Haryana.

At 10 am, the benchmark S&amp;P BSE Sensex was trading around 39,133.01 levels. HCL Tech, up 4 per cent, was the top gainer on the 30-share index.

On NSE, the broader Nifty50 was hovering around11,620.15-mark. 
 
Global cues

Asian shares pulled ahead on Thursday even as uncertainties around Brexit timeline kept overall sentiment in check. EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, while Japan's Nikkei inched up 0.5 per cent.

Trends on SGX Nifty suggest a positive start to the domestic indices.

On Wall Street overnight, the Dow and the Nasdaq added 0.2 per cent each while the S&amp;P 500 gained 0.3 per cent.

(With inputs from Reuters)

Domestic stock market indices Sensex and Nifty gained during the early trade, taking cues from the poll trend which suggest BJP may return to power in Maharashtra and Haryana.

Domestic stock market indices Sensex and Nifty gained during the early trade, taking cues from the poll trend which suggest BJP may return to power in Maharashtra and Haryana. At 10 am, the benchmark S&P BSE Sensex was trading around 39,133.01 levels. HCL Tech, up 4 per cent, was the top gainer on the 30-share index. On NSE, the broader Nifty50 was hovering around11,620.15-mark. Global cues Asian shares pulled ahead on Thursday even as uncertainties around Brexit timeline kept overall sentiment in check. EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, while Japan's Nikkei inched up 0.5 per cent. Trends on SGX Nifty suggest a positive start to the domestic indices. On Wall Street overnight, the Dow and the Nasdaq added 0.2 per cent each while the S&P 500 gained 0.3 per cent. (With inputs from Reuters)

Sensex up 100 points, Nifty below 11,650

Equity benchmark indices remained flat on the bourses during early hours of Wednesday amid weak global cues as investors awaited a slew of corporate earnings of the second fiscal quarter.

At 10:15 am, the BSE S&amp;P Sensex was up by 110 points at 39,073 while the Nifty 50 edged higher by 48 points to 11,637. All sectoral indices at the National Stock Exchange were in the red with thin margins except for Nifty IT and pharma.

Among stocks, private lenders Yes Bank, IndusInd Bank and Kotak Mahindra Bank were down between 1.3 and 1.7 per cent. Adani Ports lost by 4.8 per cent, Tata Motors by 2.4 per cent and JSW Steel by 1.1 per cent.

Infosys which had shed 16.65 per cent on Tuesday after a whistleblower complaint against unethical practices by certain senior management members of the firm, was trading at Rs 644.35 per share, up by 0.16 per cent.

However, those which showed gains were Bajaj Finserv, Bajaj Finance, HCL Technologies, Titan and Britannia.

Meanwhile, Asian markets fell after British lawmakers rejected the government's schedule to fast-track legislation for a Brexit deal despite voting for the bill. That effectively meant that Britain will not be able to finalise its exit by the October 31 deadline.

Japan's Nikkei stood almost flat after having fallen as much as 0.4 per cent while MSCI's broadest index of Asia Pacific shares outside Japan fell by 0.5 per cent.

Hong Kong's Hang Seng slipped by 0.94 per cent, Shanghai Composite by 0.31 per cent and South Korea's Kospi by 0.42 per cent.

Equity benchmark indices remained flat on the bourses during early hours of Wednesday amid weak global cues as investors awaited a slew of corporate earnings of the second fiscal quarter.

Equity benchmark indices remained flat on the bourses during early hours of Wednesday amid weak global cues as investors awaited a slew of corporate earnings of the second fiscal quarter. At 10:15 am, the BSE S&P Sensex was up by 110 points at 39,073 while the Nifty 50 edged higher by 48 points to 11,637. All sectoral indices at the National Stock Exchange were in the red with thin margins except for Nifty IT and pharma. Among stocks, private lenders Yes Bank, IndusInd Bank and Kotak Mahindra Bank were down between 1.3 and 1.7 per cent. Adani Ports lost by 4.8 per cent, Tata Motors by 2.4 per cent and JSW Steel by 1.1 per cent. Infosys which had shed 16.65 per cent on Tuesday after a whistleblower complaint against unethical practices by certain senior management members of the firm, was trading at Rs 644.35 per share, up by 0.16 per cent. However, those which showed gains were Bajaj Finserv, Bajaj Finance, HCL Technologies, Titan and Britannia. Meanwhile, Asian markets fell after British lawmakers rejected the government's schedule to fast-track legislation for a Brexit deal despite voting for the bill. That effectively meant that Britain will not be able to finalise its exit by the October 31 deadline. Japan's Nikkei stood almost flat after having fallen as much as 0.4 per cent while MSCI's broadest index of Asia Pacific shares outside Japan fell by 0.5 per cent. Hong Kong's Hang Seng slipped by 0.94 per cent, Shanghai Composite by 0.31 per cent and South Korea's Kospi by 0.42 per cent.

Equity gauges flat on global cues, private banks suffer losses

Software major Infosys said on Tuesday it has engaged law firm Shardul Amarchand Mangaldas and Company to conduct an independent investigation on two complaints by some employees about unethical measures to boost profits.

An anonymous group calling itself 'ethical employees' alleged in a letter to the board of Infosys and the US Securities and Exchange Commission (SEC) that company's Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy took disturbing unethical measures to boost profits and short-term revenue.

The complainants said they have emails and voice recordings to substantiate the claims.

"These complaints are being dealt with in an objective manner," said Chairman of Infosys Ltd Nandan Nilekani. "The undated whistleblower complaint largely deals with allegations relating to the CEO's international travel to the United States and Mumbai," he said in a statement.

Nilekani said the company's statutory auditors Deloitte India has also been completely updated on this matter post the board meeting of October 11.

"Although we have not been provided any of the emails or voice recordings, we will ensure that the generalised allegations are investigated to the fullest extent. Additionally, to ensure independence in these investigations the CEO and CFO have been recused from this matter."

Because the investigation is ongoing, said Nilekani, there will be no further comment so that investigation may be conducted in a thorough and objective manner.&nbsp;

"At the appropriate time, we will provide a summary of the investigations results. The board is committed to uphold the highest standard of corporate governance and protect the interests of all stakeholders."

In one of the letters, the whistleblower said that Parekh and Roy were pressuring the finance team to show more profits in their treasury management by taking risks and making changes to policies.

"He (Parekh) directs them to make wrong assumptions to show margins. Several billion-dollar deals of the last few quarters have nil margin. Please ask auditors to check deal proposals, margins, undisclosed upfront commitments made and revenue recognition," the letter said.

"In large contracts like Verizon, Intel, joint ventures in Japan, ABN AMRO acquisition, revenue recognition matters are forced, which are not as per accounting standards," the letter stated.

At 11 am on Tuesday, Infosys was trading 14.01 per cent lower at Rs 660.30 per share.&nbsp;

Software major Infosys said on Tuesday it has engaged law firm Shardul Amarchand Mangaldas and Company to conduct an independent investigation on two complaints by some employees about unethical measures to boost profits.

Software major Infosys said on Tuesday it has engaged law firm Shardul Amarchand Mangaldas and Company to conduct an independent investigation on two complaints by some employees about unethical measures to boost profits. An anonymous group calling itself 'ethical employees' alleged in a letter to the board of Infosys and the US Securities and Exchange Commission (SEC) that company's Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy took disturbing unethical measures to boost profits and short-term revenue. The complainants said they have emails and voice recordings to substantiate the claims. "These complaints are being dealt with in an objective manner," said Chairman of Infosys Ltd Nandan Nilekani. "The undated whistleblower complaint largely deals with allegations relating to the CEO's international travel to the United States and Mumbai," he said in a statement. Nilekani said the company's statutory auditors Deloitte India has also been completely updated on this matter post the board meeting of October 11. "Although we have not been provided any of the emails or voice recordings, we will ensure that the generalised allegations are investigated to the fullest extent. Additionally, to ensure independence in these investigations the CEO and CFO have been recused from this matter." Because the investigation is ongoing, said Nilekani, there will be no further comment so that investigation may be conducted in a thorough and objective manner. "At the appropriate time, we will provide a summary of the investigations results. The board is committed to uphold the highest standard of corporate governance and protect the interests of all stakeholders." In one of the letters, the whistleblower said that Parekh and Roy were pressuring the finance team to show more profits in their treasury management by taking risks and making changes to policies. "He (Parekh) directs them to make wrong assumptions to show margins. Several billion-dollar deals of the last few quarters have nil margin. Please ask auditors to check deal proposals, margins, undisclosed upfront commitments made and revenue recognition," the letter said. "In large contracts like Verizon, Intel, joint ventures in Japan, ABN AMRO acquisition, revenue recognition matters are forced, which are not as per accounting standards," the letter stated. At 11 am on Tuesday, Infosys was trading 14.01 per cent lower at Rs 660.30 per share.

Infosys in damage control mode after complaints of unethical practices, stock down by 14 per cent

Equities treaded cautiously during early hours on Friday amid mixed global cues despite Britain and the European Union striking a long-awaited Brexit deal.

At 10:15 am, the BSE S&amp;P Sensex was up by 86 points at 39,138 while the Nifty 50 edged higher by 30 points to 11,616.

All sectoral indices at the National Stock Exchange were in the positive zone with Nifty PSU bank showing an uptick of 1.4 per cent.

Among stocks, Bharat Heavy Electricals Ltd (BHEL) surged 22.78 per cent in early trade after reports of government likely to cut its stake in the company.

An inter-ministerial group is expected to meet soon to discuss the stake sale.

Yes Bank was up by 6.8 per cent while NTPC, UltraTech Cement, Larsen &amp; Toubro and Bajaj Finance gained between 1.3 and 1.7 per cent.

Among the losers were Zee Entertainment, Bharti Airtel, Mahindra &amp; Mahindra, Infosys and Bajaj Auto.

Meanwhile, Asian stocks tumbled after China posted its weakest growth in nearly three decades.

MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.17 per cent, echoing Wall Street's small gains.

But Japan's Nikkei added gains of 0.18 per cent. While a new draft Brexit deal was agreed upon between Britain and the EU, China's economic growth slowed more than expected to 6 per cent year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades.

 
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Equities treaded cautiously during early hours on Friday amid mixed global cues despite Britain and the European Union striking a long-awaited Brexit deal. At 10:15 am, the BSE S&P Sensex was up by 86 points at 39,138 while the Nifty 50 edged higher by 30 points to 11,616.

Equities treaded cautiously during early hours on Friday amid mixed global cues despite Britain and the European Union striking a long-awaited Brexit deal. At 10:15 am, the BSE S&P Sensex was up by 86 points at 39,138 while the Nifty 50 edged higher by 30 points to 11,616. All sectoral indices at the National Stock Exchange were in the positive zone with Nifty PSU bank showing an uptick of 1.4 per cent. Among stocks, Bharat Heavy Electricals Ltd (BHEL) surged 22.78 per cent in early trade after reports of government likely to cut its stake in the company. An inter-ministerial group is expected to meet soon to discuss the stake sale. Yes Bank was up by 6.8 per cent while NTPC, UltraTech Cement, Larsen & Toubro and Bajaj Finance gained between 1.3 and 1.7 per cent. Among the losers were Zee Entertainment, Bharti Airtel, Mahindra & Mahindra, Infosys and Bajaj Auto. Meanwhile, Asian stocks tumbled after China posted its weakest growth in nearly three decades. MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.17 per cent, echoing Wall Street's small gains. But Japan's Nikkei added gains of 0.18 per cent. While a new draft Brexit deal was agreed upon between Britain and the EU, China's economic growth slowed more than expected to 6 per cent year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades.

Equities indices in the green amid mixed global cues

Equity benchmark indices extended morning gains on Friday and ended with gains of 0.6 per cent as global peers slumped after <a href="https://www.wionews.com/world/chinas-q3-gdp-growth-slows-to-6-slowest-in-27-years-256577">China`s GDP growth slipped</a> to a 27-year low of 6 per cent in the third quarter of 2019.

The BSE S&amp;P Sensex closed 246 points higher at 39,298 while the Nifty 50 was up 76 points at 11,662. All sectoral indices at the National Stock Exchange (NSE) were in the positive zone except for Nifty media, which dropped by one per cent.

Nifty realty gained by 1.9 per cent, metal by 1.8 per cent and pharma by nearly 1 per cent.Among stocks, Indiabulls Housing Finance closed with a gain of 17.42 per cent at Rs 231.50 on BSE after the company offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December.

Private lender Yes Bank was up by 8.2 per cent, Coal India by 3.3 per cent, Adani Ports by 3.2 per cent and Maruti by 3.1 per cent.

The other prominent gainers were Grasim, Nestle India, Power Grid Corporation, Larsen &amp; Toubro, Bharat Petroleum Corporation and Titan.However, those which lost were Zee Entertainment, Tata Motors, Cipla, Eicher Motors and Hindalco.

Meanwhile, Asian stocks tumbled after China`s economic growth slowed more than expected to 6 per cent year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades.

Shanghai Composite fell by 1.3 per cent which Hong Kong`s Hang Seng slid by 0.48 per cent and South Korea`s Kospi by 0.8 per cent. Japan`s Nikkei was up marginally by 0.18 per cent.

Equity benchmark indices extended morning gains on Friday and ended with gains of 0.6 per cent as global peers slumped after China`s GDP growth slipped to a 27-year low of 6 per cent in the third quarter of 2019.

Equity benchmark indices extended morning gains on Friday and ended with gains of 0.6 per cent as global peers slumped after China`s GDP growth slipped to a 27-year low of 6 per cent in the third quarter of 2019. The BSE S&P Sensex closed 246 points higher at 39,298 while the Nifty 50 was up 76 points at 11,662. All sectoral indices at the National Stock Exchange (NSE) were in the positive zone except for Nifty media, which dropped by one per cent. Nifty realty gained by 1.9 per cent, metal by 1.8 per cent and pharma by nearly 1 per cent.Among stocks, Indiabulls Housing Finance closed with a gain of 17.42 per cent at Rs 231.50 on BSE after the company offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December. Private lender Yes Bank was up by 8.2 per cent, Coal India by 3.3 per cent, Adani Ports by 3.2 per cent and Maruti by 3.1 per cent. The other prominent gainers were Grasim, Nestle India, Power Grid Corporation, Larsen & Toubro, Bharat Petroleum Corporation and Titan.However, those which lost were Zee Entertainment, Tata Motors, Cipla, Eicher Motors and Hindalco. Meanwhile, Asian stocks tumbled after China`s economic growth slowed more than expected to 6 per cent year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades. Shanghai Composite fell by 1.3 per cent which Hong Kong`s Hang Seng slid by 0.48 per cent and South Korea`s Kospi by 0.8 per cent. Japan`s Nikkei was up marginally by 0.18 per cent.

Sensex ends 246 points higher, Yes Bank climbs by 8%

Indian shares were little changed on Thursday, in line with broader Asia, as investors were jilted by weak retail sales data from the United States, but hopes of upbeat corporate earnings in the domestic market kept losses in check.

The broader NSE Nifty was down 0.06 per cent&nbsp;at 11,458.30 at 0420 GMT, while the benchmark BSE Sensex rose 0.1 per cent at 38,638.56.

MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher after data showed U.S. retail sales contracted in September for the first time in seven months, in a potential sign that manufacturing-led weakness could be spreading to the broader economy.

Meanwhile, investors in India hoped that the government's corporate tax cut last month would give fillip to companies' September-quarter earnings.

"The calm on the global side due to the mid-term resolution between the United States and China and better results will drive markets," said Rusmik Oza, head of fundamental research at Kotak Securities.

"There could be healthy earnings growth because of the tax cut."

Media stocks were among top gainers on the indexes with the Nifty Media index rising as much as 1 per cent, driven by sector heavyweight Zee Entertainment Enterprises Ltd, which is scheduled to report earnings later in the day. Zee shares were up about 1 per cent.

Eicher Motors, however, topped the Nifty index and rose 3.75 per cent.

Meanwhile, battered mining and steel stocks continued to fall and were among the top losers for the day sending the metals index down 1.4 per cent.

JSW Steel, Vedanta Ltd and Hindalco were all down between 2 per cent&nbsp;and 2.5 per cent.

Dewan Housing Finance Ltd (DHFL) shares fell 5 per cent after the Economic Times reported the company gave loans to a firm at the centre of investigations into the operations of a gangster.

DHFL has since denied the allegations in the report.

Indian shares were little changed on Thursday, in line with broader Asia, as investors were jilted by weak retail sales data from the United States, but hopes of upbeat corporate earnings in the domestic market kept losses in check.

Indian shares were little changed on Thursday, in line with broader Asia, as investors were jilted by weak retail sales data from the United States, but hopes of upbeat corporate earnings in the domestic market kept losses in check. The broader NSE Nifty was down 0.06 per cent at 11,458.30 at 0420 GMT, while the benchmark BSE Sensex rose 0.1 per cent at 38,638.56. MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher after data showed U.S. retail sales contracted in September for the first time in seven months, in a potential sign that manufacturing-led weakness could be spreading to the broader economy. Meanwhile, investors in India hoped that the government's corporate tax cut last month would give fillip to companies' September-quarter earnings. "The calm on the global side due to the mid-term resolution between the United States and China and better results will drive markets," said Rusmik Oza, head of fundamental research at Kotak Securities. "There could be healthy earnings growth because of the tax cut." Media stocks were among top gainers on the indexes with the Nifty Media index rising as much as 1 per cent, driven by sector heavyweight Zee Entertainment Enterprises Ltd, which is scheduled to report earnings later in the day. Zee shares were up about 1 per cent. Eicher Motors, however, topped the Nifty index and rose 3.75 per cent. Meanwhile, battered mining and steel stocks continued to fall and were among the top losers for the day sending the metals index down 1.4 per cent. JSW Steel, Vedanta Ltd and Hindalco were all down between 2 per cent and 2.5 per cent. Dewan Housing Finance Ltd (DHFL) shares fell 5 per cent after the Economic Times reported the company gave loans to a firm at the centre of investigations into the operations of a gangster. DHFL has since denied the allegations in the report.

Sensex, Nifty nearly flat; metal stocks drag

Maintaining a positive streak for the fifth straight session on Thursday, the BSE Sensex posted a solid gain with fresh optimism in auto and banking stocks leading the rally.

The BSE S&amp;P Sensex closed 453 points or 1.17 per cent higher at 39,052, while the Nifty 50 was up 122 points at 11,586.&nbsp;

All sectoral indices at the National Stock Exchange were in the positive zone except for Nifty IT.&nbsp;

Nifty auto gained by 3.1 per cent while PSU bank was up by 3 per cent.&nbsp;

Among stocks, private lender Yes Bank emerged as a star performer of the day with gains of 15.47 per cent and closing at Rs 47.50 per share.&nbsp;

Tata Motors wound up at Rs 142.55 apiece, up 13.2 per cent.

The other prominent gainers were Eicher Motors which closed 7.9 per cent higher and IndusInd Bank which gained by over 5 per cent.&nbsp;

State Bank of India was up by 3.6 per cent and Axis Bank by 2.4 per cent. Bajaj Auto, Tata Steel, Asian Paints and Bajaj Finserv closed with a gain of over 2 per cent each. However, those which lost were HCL Technologies, Vedanta, Grasim, UltraTech Cement and Bharti Infratel.

Meanwhile, Asian stocks were flat as markets awaited further clarification on progress between the United States and China trade talks. The Hang Seng Index jumped by 0.7 per cent, Chinese markets were mixed and Japan's Nikkei was down by 0.09 per cent.&nbsp;

Investors also looked for clarity on whether Britain can secure a deal to avoid a disorderly exit from the European Union later this month.

(With inputs from ANI)

Maintaining a positive streak for the fifth straight session on Thursday, the BSE Sensex posted a solid gain with fresh optimism in auto and banking stocks leading the rally.

Maintaining a positive streak for the fifth straight session on Thursday, the BSE Sensex posted a solid gain with fresh optimism in auto and banking stocks leading the rally. The BSE S&P Sensex closed 453 points or 1.17 per cent higher at 39,052, while the Nifty 50 was up 122 points at 11,586. All sectoral indices at the National Stock Exchange were in the positive zone except for Nifty IT. Nifty auto gained by 3.1 per cent while PSU bank was up by 3 per cent. Among stocks, private lender Yes Bank emerged as a star performer of the day with gains of 15.47 per cent and closing at Rs 47.50 per share. Tata Motors wound up at Rs 142.55 apiece, up 13.2 per cent. The other prominent gainers were Eicher Motors which closed 7.9 per cent higher and IndusInd Bank which gained by over 5 per cent. State Bank of India was up by 3.6 per cent and Axis Bank by 2.4 per cent. Bajaj Auto, Tata Steel, Asian Paints and Bajaj Finserv closed with a gain of over 2 per cent each. However, those which lost were HCL Technologies, Vedanta, Grasim, UltraTech Cement and Bharti Infratel. Meanwhile, Asian stocks were flat as markets awaited further clarification on progress between the United States and China trade talks. The Hang Seng Index jumped by 0.7 per cent, Chinese markets were mixed and Japan's Nikkei was down by 0.09 per cent. Investors also looked for clarity on whether Britain can secure a deal to avoid a disorderly exit from the European Union later this month. (With inputs from ANI)

Sensex soars 453 points, Nifty nears 11,600

Indian shares moved higher on Wednesday, as investors looked towards a rise in September-quarter earnings for companies after the government`s corporate tax cut, amid a rise in inflation and hopes of further rate cuts from the central bank.

The broader NSE Nifty rose 0.4 per cent at 11,474.90 as of 0408 GMT, while the benchmark BSE Sensex was up 0.35 per cent at 38,634.90.

The September-quarter earnings season has so far seen blue-chip companies such as Hindustan Unilever (HUL) , Wipro Ltd and ACC Ltd beat estimates.

Earnings were in-part helped by the government`s move to slash corporate taxes last month.

Federal Bank and Mindtree Ltd are among the companies scheduled to report earnings later on Wednesday. Both the companies` shares were up between 0.5 per cent and 1 per cent ahead of the announcement.

Meanwhile, retail inflation for September rose, but a sharp economic slowdown has left analysts predicting a further rate cut by the Reserve bank of India.

"Investors are hoping for optimism from corporates in their Q2 earnings commentary led by corporate tax rate cuts and revival in consumer demand," said Rajesh Cheruvu, chief investment officer at Validus Wealth.

Broader Asian shares that rose in line with overnight gains in U.S. equities also supported Indian indexes.

MSCI`s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent.

In the domestic market, Bharat Petroleum Corp topped the gainers list on the Nifty index, as the stock rose 4.79 per cent.

Wipro shares were up about 2.7 per cent&nbsp;after the company reported better-than-expected September-quarter earnings and also gave an optimistic revenue forecast for the next quarter.

Among other companies that reported earnings on Tuesday, ACC Ltd rose 2.69 per cent, while the Multi Commodity Exchange of India was up about 7%.

However, Vedanta Ltd was the morning`s top loser on the NSE index, dropping 1.4 per cent. 
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Indian shares moved higher on Wednesday, as investors looked towards a rise in September-quarter earnings for companies after the government`s corporate tax cut, amid a rise in inflation and hopes of further rate cuts from the central bank.

Indian shares moved higher on Wednesday, as investors looked towards a rise in September-quarter earnings for companies after the government`s corporate tax cut, amid a rise in inflation and hopes of further rate cuts from the central bank. The broader NSE Nifty rose 0.4 per cent at 11,474.90 as of 0408 GMT, while the benchmark BSE Sensex was up 0.35 per cent at 38,634.90. The September-quarter earnings season has so far seen blue-chip companies such as Hindustan Unilever (HUL) , Wipro Ltd and ACC Ltd beat estimates. Earnings were in-part helped by the government`s move to slash corporate taxes last month. Federal Bank and Mindtree Ltd are among the companies scheduled to report earnings later on Wednesday. Both the companies` shares were up between 0.5 per cent and 1 per cent ahead of the announcement. Meanwhile, retail inflation for September rose, but a sharp economic slowdown has left analysts predicting a further rate cut by the Reserve bank of India. "Investors are hoping for optimism from corporates in their Q2 earnings commentary led by corporate tax rate cuts and revival in consumer demand," said Rajesh Cheruvu, chief investment officer at Validus Wealth. Broader Asian shares that rose in line with overnight gains in U.S. equities also supported Indian indexes. MSCI`s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. In the domestic market, Bharat Petroleum Corp topped the gainers list on the Nifty index, as the stock rose 4.79 per cent. Wipro shares were up about 2.7 per cent after the company reported better-than-expected September-quarter earnings and also gave an optimistic revenue forecast for the next quarter. Among other companies that reported earnings on Tuesday, ACC Ltd rose 2.69 per cent, while the Multi Commodity Exchange of India was up about 7%. However, Vedanta Ltd was the morning`s top loser on the NSE index, dropping 1.4 per cent.

Nifty, Sensex gain as September-quarter earnings season gathers steam

Equity benchmark indices jumped over 1 per cent during early hours on Friday as bullish market mood prevailed in global markets after the first day of trade talks between top US and Chinese negotiators.

At 10:15 am, the BSE S&amp;P Sensex was up by 421 points at 38,301 while the Nifty 50 edged higher by 114 points to 11,348.

Except for IT and pharma, all sectoral indices at the National Stock Exchange were in the green while Nifty metal gaining 3.1 per cent.

Among stocks, Vedanta edged higher by 4 per cent to Rs 147 per share while Hindalco was up by 3.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 2.7 per cent.

The other prominent gainers were Coal India, ONGC, UltraTech Cement, State Bank of India, Kotak Mahindra Bank and Infosys.

However, tech majors lost. Tata Consultancy Services was down by 2.8 per cent a day after the company reported 2 per cent jump in its second-quarter profit at Rs 8,042 crore, lower than the expected numbers.

Tech Mahindra was also down by 0.9 per cent. Pharma majors Cipla and Sun Pharma along with Bharti Airtel, Reliance Industries and Bharat Petroleum too were in the red.

Meanwhile, Asian shares and US stock futures rose on after US President Donald Trump said he will meet with China's top trade negotiator.

The MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.5 per cent following on from gains on Wall Street while Japan's Nikkei stock index gained by 0.9 per cent. Hong Kong's Hang Seng moved up by 2.2 per cent and South Korea`s Kospi by 1 per cent.

Equity benchmark indices jumped over 1 per cent during early hours on Friday as bullish market mood prevailed in global markets after the first day of trade talks between top US and Chinese negotiators.

Equity benchmark indices jumped over 1 per cent during early hours on Friday as bullish market mood prevailed in global markets after the first day of trade talks between top US and Chinese negotiators. At 10:15 am, the BSE S&P Sensex was up by 421 points at 38,301 while the Nifty 50 edged higher by 114 points to 11,348. Except for IT and pharma, all sectoral indices at the National Stock Exchange were in the green while Nifty metal gaining 3.1 per cent. Among stocks, Vedanta edged higher by 4 per cent to Rs 147 per share while Hindalco was up by 3.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 2.7 per cent. The other prominent gainers were Coal India, ONGC, UltraTech Cement, State Bank of India, Kotak Mahindra Bank and Infosys. However, tech majors lost. Tata Consultancy Services was down by 2.8 per cent a day after the company reported 2 per cent jump in its second-quarter profit at Rs 8,042 crore, lower than the expected numbers. Tech Mahindra was also down by 0.9 per cent. Pharma majors Cipla and Sun Pharma along with Bharti Airtel, Reliance Industries and Bharat Petroleum too were in the red. Meanwhile, Asian shares and US stock futures rose on after US President Donald Trump said he will meet with China's top trade negotiator. The MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.5 per cent following on from gains on Wall Street while Japan's Nikkei stock index gained by 0.9 per cent. Hong Kong's Hang Seng moved up by 2.2 per cent and South Korea`s Kospi by 1 per cent.

Sensex jumps over 400 points on global cues, metal stocks shine

A slide in banking stocks dragged Indian shares lower on Thursday following a sharp rise in the previous session, as markets awaited earnings reports from major IT services companies.

Shares in Indiabulls Housing Finance Ltd fell 9 per cent&nbsp;after the central bank blocked its proposed merger with Lakshmi Vilas Bank Ltd.

It was the latest in a series of negative headlines surrounding the banking industry, which is saddled with a mountain of soured debt.

The broader NSE Nifty was down 0.35 per cent at 11,273.60 by 0437 GMT, while the benchmark BSE Sensex was weaker by 0.31 per cent&nbsp;at 38,060.12.

All 12 stocks on the Nifty bank index were in the red, and RBL Bank Ltd was the biggest decliner with a drop of 4.1 per cent.

IT services firm Tata Consultancy Services Ltd (TCS) will report its financial results later in the day, marking the start of the September-quarter earnings season. Industry peer

Infosys Ltd is scheduled to report its results on Friday. Shares in both TCS and Infosys were each up roughly 1 per cent.

Meanwhile, telecom stocks rose after Reliance Jio said it would start charging customers for calls made through its network to other operators.

The move could signal a rise in industry prices and revenues if more operators follow Jio's lead, analysts say.

Jio's rivals Bharti Airtel Ltd and Vodafone Idea Ltd gained 3.8 per cent&nbsp;and 4.3 per cent, respectively. Shares in Grasim Industries Ltd, the top shareholder in Vodafone Idea, rose 4.5 per cent. 
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A slide in banking stocks dragged Indian shares lower on Thursday following a sharp rise in the previous session, as markets awaited earnings reports from major IT services companies.

A slide in banking stocks dragged Indian shares lower on Thursday following a sharp rise in the previous session, as markets awaited earnings reports from major IT services companies. Shares in Indiabulls Housing Finance Ltd fell 9 per cent after the central bank blocked its proposed merger with Lakshmi Vilas Bank Ltd. It was the latest in a series of negative headlines surrounding the banking industry, which is saddled with a mountain of soured debt. The broader NSE Nifty was down 0.35 per cent at 11,273.60 by 0437 GMT, while the benchmark BSE Sensex was weaker by 0.31 per cent at 38,060.12. All 12 stocks on the Nifty bank index were in the red, and RBL Bank Ltd was the biggest decliner with a drop of 4.1 per cent. IT services firm Tata Consultancy Services Ltd (TCS) will report its financial results later in the day, marking the start of the September-quarter earnings season. Industry peer Infosys Ltd is scheduled to report its results on Friday. Shares in both TCS and Infosys were each up roughly 1 per cent. Meanwhile, telecom stocks rose after Reliance Jio said it would start charging customers for calls made through its network to other operators. The move could signal a rise in industry prices and revenues if more operators follow Jio's lead, analysts say. Jio's rivals Bharti Airtel Ltd and Vodafone Idea Ltd gained 3.8 per cent and 4.3 per cent, respectively. Shares in Grasim Industries Ltd, the top shareholder in Vodafone Idea, rose 4.5 per cent.

Sensex, Nifty retreat as banks fall; Indiabulls dips 9%

Equity benchmark indices reversed early losses on Wednesday and surged upwards, led by banking and financial stocks ahead of the Q2 corporate earnings results.

At the closing bell, the BSE S&amp;P Sensex was up by 646 points or 1.72 per cent at 38,178. The Nifty 50 wound up 187 points higher at 11,313.&nbsp;

At the National Stock Exchange, all sectoral indices were in the positive zone except for IT.

Led by cheerful market sentiment, Nifty bank edged higher by 3.6 per cent and financial service by 3 per cent. But Nifty IT slipped by 0.7 per cent.

Among stocks, Raymond jumped by over 10 per cent intraday after it's associate company signed an agreement to sell its property in Thane for Rs 700 crore.

Private lenders IndusInd Bank and ICICI Bank moved up by 5.5 per cent and 4.9 per cent respectively while State Bank of India gained by 5.1 per cent ahead of the festive season.

Bharti Infratel witnessed a gain of 5.3 per cent, Bharti Airtel by 5.2 per cent, UltraTech Cement by 4.9 per cent, Mahindra &amp; Mahindra by 4.3 per cent and Tata Steel by 4 per cent.

But Yes Bank was down by 5.1 per cent at Rs 43.30 per share after the lender denied media reports saying it is in talks with three technology companies, including software major Microsoft, for a strategic investment.

Hero Motocorp, Titan, Zee Entertainment, HCL Technologies and ITC too were in the red with a loss between 1.2 and 2.8 per cent.&nbsp;

Meanwhile, Asian markets were sharply lower as US-China trade frictions persisted even as officials from the two countries meet this week to work out a deal.&nbsp;

Japan's Nikkei slid by 0.6 per cent in its biggest decline over a week while Hong Kong shares fell by 0.8 per cent due to persistent worries about the often violent protest against China`s rule of the former British colony.

Equity benchmark indices reversed early losses on Wednesday and surged upwards, led by banking and financial stocks ahead of the Q2 corporate earnings results. At the closing bell, the BSE S&P Sensex was up by 646 points or 1.

Equity benchmark indices reversed early losses on Wednesday and surged upwards, led by banking and financial stocks ahead of the Q2 corporate earnings results. At the closing bell, the BSE S&P Sensex was up by 646 points or 1.72 per cent at 38,178. The Nifty 50 wound up 187 points higher at 11,313. At the National Stock Exchange, all sectoral indices were in the positive zone except for IT. Led by cheerful market sentiment, Nifty bank edged higher by 3.6 per cent and financial service by 3 per cent. But Nifty IT slipped by 0.7 per cent. Among stocks, Raymond jumped by over 10 per cent intraday after it's associate company signed an agreement to sell its property in Thane for Rs 700 crore. Private lenders IndusInd Bank and ICICI Bank moved up by 5.5 per cent and 4.9 per cent respectively while State Bank of India gained by 5.1 per cent ahead of the festive season. Bharti Infratel witnessed a gain of 5.3 per cent, Bharti Airtel by 5.2 per cent, UltraTech Cement by 4.9 per cent, Mahindra & Mahindra by 4.3 per cent and Tata Steel by 4 per cent. But Yes Bank was down by 5.1 per cent at Rs 43.30 per share after the lender denied media reports saying it is in talks with three technology companies, including software major Microsoft, for a strategic investment. Hero Motocorp, Titan, Zee Entertainment, HCL Technologies and ITC too were in the red with a loss between 1.2 and 2.8 per cent. Meanwhile, Asian markets were sharply lower as US-China trade frictions persisted even as officials from the two countries meet this week to work out a deal. Japan's Nikkei slid by 0.6 per cent in its biggest decline over a week while Hong Kong shares fell by 0.8 per cent due to persistent worries about the often violent protest against China`s rule of the former British colony.

Sensex closes 646 points higher as stocks resume fresh upward momentum

Indian shares rose on Friday ahead of a likely interest rate cut by the central bank in the backdrop of slowing economic growth, with beaten-down banking stocks leading gains.

The Reserve Bank of India (RBI) is expected to cut benchmark interest rates for the fifth time this year as benign inflation offers room for more easing and fiscal measures to revive growth seem largely inadequate.

The RBI is predicted to lower its key lending rate, or the repo rate, by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps.

The broader NSE Nifty was up 0.37 per cent at 11,355.75 by 0408 GMT, while the benchmark BSE Sensex was 0.46&nbsp;per cent&nbsp;higher at 38,280.73. Meanwhile, the rupee was stronger by 0.13 per cent against the dollar at 70.8375.

Asia`s third-largest economy grew by just 5 per cent in the June quarter, its slowest pace in more than five years, prompting the government to take measures aimed at boosting growth.

A sharp cut in the corporate tax rate - to 22&nbsp;per cent&nbsp;from 30&nbsp;per cent&nbsp;- last month brought cheer to markets, but economists say the move will do little to address a lack of spending power.

"The moves in the market largely reflect the optimism that will come from the monetary policy announcement," said Saurabh Jain, assistant vice president at SMC Global Securities in New Delhi.

Leading stock indexes higher on Friday were banks, which have suffered bruising declines over the past fortnight.

The Nifty PSU index, which tracks state-run lenders, was up 0.69 per cent, having fallen about 12 per cent over the past 10 sessions.

With a 2.5 per cent rise, shares in private-sector lender IndusInd Bank Ltd were the top gainers on the NSE and BSE indexes.

Indian shares rose on Friday ahead of a likely interest rate cut by the central bank in the backdrop of slowing economic growth, with beaten-down banking stocks leading gains.

Indian shares rose on Friday ahead of a likely interest rate cut by the central bank in the backdrop of slowing economic growth, with beaten-down banking stocks leading gains. The Reserve Bank of India (RBI) is expected to cut benchmark interest rates for the fifth time this year as benign inflation offers room for more easing and fiscal measures to revive growth seem largely inadequate. The RBI is predicted to lower its key lending rate, or the repo rate, by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps. The broader NSE Nifty was up 0.37 per cent at 11,355.75 by 0408 GMT, while the benchmark BSE Sensex was 0.46 per cent higher at 38,280.73. Meanwhile, the rupee was stronger by 0.13 per cent against the dollar at 70.8375. Asia`s third-largest economy grew by just 5 per cent in the June quarter, its slowest pace in more than five years, prompting the government to take measures aimed at boosting growth. A sharp cut in the corporate tax rate - to 22 per cent from 30 per cent - last month brought cheer to markets, but economists say the move will do little to address a lack of spending power. "The moves in the market largely reflect the optimism that will come from the monetary policy announcement," said Saurabh Jain, assistant vice president at SMC Global Securities in New Delhi. Leading stock indexes higher on Friday were banks, which have suffered bruising declines over the past fortnight. The Nifty PSU index, which tracks state-run lenders, was up 0.69 per cent, having fallen about 12 per cent over the past 10 sessions. With a 2.5 per cent rise, shares in private-sector lender IndusInd Bank Ltd were the top gainers on the NSE and BSE indexes.

Nifty, Sensex rise before likely rate cut

Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.1 per cent from 6.9 per cent earlier.

At 1:30 pm, the BSE S&amp;P Sensex was down by 163 points at 37,944 while the Nifty 50 edged lower by 40 points to 11,274.

While the central bank brought the cumulative reduction in interest rate of 135 basis points for this calendar year, investors appeared unsure if it is sufficient to support the flagging consumer demand amid slowing economic output, rising unemployment rate and low business confidence.

Besides, the aggravating non-banking financial company (NBFC) liquidity crisis continues to severely impact the credit availability for industry, especially real estate developers and construction firms.

At the National Stock Exchange, most sectoral indices were in the red except for Nifty auto, IT and pharma.

Nifty bank dropped by 2 per cent, media by 1.9 per cent, FMCG by 1.4 per cent and realty by 0.8 per cent.

Among stocks, the prominent losers were Kotak Mahindra Bank and Grasim which slipped by 3 per cent each, Bharat Petroleum Corporation by 2.6 per cent, JSW Steel by 2.2 per cent and UltraTech Cements by 2 per cent.

However, those which showed gains were Cipla, Mahindra &amp; Mahindra and IT majors like Infosys, Tech Mahindra and Tata Consultancy Services. 
&nbsp;

Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.

Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.1 per cent from 6.9 per cent earlier. At 1:30 pm, the BSE S&P Sensex was down by 163 points at 37,944 while the Nifty 50 edged lower by 40 points to 11,274. While the central bank brought the cumulative reduction in interest rate of 135 basis points for this calendar year, investors appeared unsure if it is sufficient to support the flagging consumer demand amid slowing economic output, rising unemployment rate and low business confidence. Besides, the aggravating non-banking financial company (NBFC) liquidity crisis continues to severely impact the credit availability for industry, especially real estate developers and construction firms. At the National Stock Exchange, most sectoral indices were in the red except for Nifty auto, IT and pharma. Nifty bank dropped by 2 per cent, media by 1.9 per cent, FMCG by 1.4 per cent and realty by 0.8 per cent. Among stocks, the prominent losers were Kotak Mahindra Bank and Grasim which slipped by 3 per cent each, Bharat Petroleum Corporation by 2.6 per cent, JSW Steel by 2.2 per cent and UltraTech Cements by 2 per cent. However, those which showed gains were Cipla, Mahindra & Mahindra and IT majors like Infosys, Tech Mahindra and Tata Consultancy Services.

Sensex turns red after RBI lowers GDP forecast to 6.1%

Equity markets slipped into red during early hours on Tuesday amid lack of fresh triggers at home and mixed global cues.&nbsp;

At 10:15 am, the BSE S&amp;P Sensex was down by 137 points at 38,530 while the Nifty 50 slipped by 36 points to 11,438.&nbsp;

However, at the National Stock Exchange, sectoral indices were mixed with the bank, auto, financial service and pharma in the green. Among stocks, the prominent losers were IndusInd Bank, Coal India, Tata Steel, HCL Technologies, Tata Consultancy Services, Grasim, Cipla and Dr Reddy's.&nbsp;

However, Yes Bank gained by 2.6 per cent at Rs 42.50 per share while ICICI Bank was up by 1.1 per cent and Axis Bank by 0.8 per cent. Oil marketing firms Bharat Petroleum Corporation and IndianOil Corporation also gained by 5.8 per cent and 3.09 per cent respectively.&nbsp;

Meanwhile, Asian share prices ticked up as some investors hoped that the fourth quarter of the current calendar will bring progress in resolving the US-China trade war.&nbsp;

White House Trade Adviser Peter Navarro dismissed reports that the Trump administration is considering delisting Chinese companies from US stock exchanges.&nbsp;

Japan's Nikkei rose by 0.74 per cent while MSCI's broadest index of Asia Pacific shares outside Japan inched up by 0.24 per cent.&nbsp;

The rest of the region also saw gains as with exchange-traded fund inflows.&nbsp;

Chinese markets will be shut for a week to mark 70 years since the founding of the People's Republic of China.

Equity markets slipped into red during early hours on Tuesday amid lack of fresh triggers at home and mixed global cues. At 10:15 am, the BSE S&P Sensex was down by 137 points at 38,530 while the Nifty 50 slipped by 36 points to 11,438.

Equity markets slipped into red during early hours on Tuesday amid lack of fresh triggers at home and mixed global cues. At 10:15 am, the BSE S&P Sensex was down by 137 points at 38,530 while the Nifty 50 slipped by 36 points to 11,438. However, at the National Stock Exchange, sectoral indices were mixed with the bank, auto, financial service and pharma in the green. Among stocks, the prominent losers were IndusInd Bank, Coal India, Tata Steel, HCL Technologies, Tata Consultancy Services, Grasim, Cipla and Dr Reddy's. However, Yes Bank gained by 2.6 per cent at Rs 42.50 per share while ICICI Bank was up by 1.1 per cent and Axis Bank by 0.8 per cent. Oil marketing firms Bharat Petroleum Corporation and IndianOil Corporation also gained by 5.8 per cent and 3.09 per cent respectively. Meanwhile, Asian share prices ticked up as some investors hoped that the fourth quarter of the current calendar will bring progress in resolving the US-China trade war. White House Trade Adviser Peter Navarro dismissed reports that the Trump administration is considering delisting Chinese companies from US stock exchanges. Japan's Nikkei rose by 0.74 per cent while MSCI's broadest index of Asia Pacific shares outside Japan inched up by 0.24 per cent. The rest of the region also saw gains as with exchange-traded fund inflows. Chinese markets will be shut for a week to mark 70 years since the founding of the People's Republic of China.

Equity indices in negative zone but banking stocks gain

Equity indices slipped during early hours on Wednesday on the back of weak global cues as selling pressure built up across various segments.

At 10:15 am, the BSE S&amp;P Sensex was down by 310 points at 38,787 while the Nifty 50 lost by 90 points at 11,498.

At the National Stock Exchange, all sectoral indices were in the red.

Nifty PSU bank was down by 2 per cent, auto by 1.5 per cent, financial service and metal by 1.4 per cent each.Among stocks, Tata Motors was the top loser which erased previous gains by 3.1 per cent to trade at Rs 126.80 per share.

Eicher Motors too lost by 2.2 per cent and traded at Rs 18,020.05 apiece.

Banking stocks were in the red with State Bank of India losing by 2.9 per cent and Kotak Mahindra Bank by 2.1 per cent.

HDFC slipped by 2.2 per cent. The other prominent losers were Cipla, Hindalco, GAIL, Vedanta and Tata Steel.

However, those which gained were Power Grid Corporation, Tata Consultancy Services, Zee Entertainment, Reliance Industries and power utility major NTPC.

Meanwhile, Asian stocks fell as US lawmakers called for an impeachment enquiry into US President Donald Trump over whether he sought help from Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination.

Further, trade concerns emerged with Trump saying that he will not accept a bad deal in trade talks with China as the world's two largest economies meet in early October to end the long-drawn trade war.

MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.2 per cent while Japan's Nikkei fell by 0.55 per cent. Hang Seng slipped by 0.9 per cent, Kospi index by 0.8 per cent and Shanghai Composite by 0.57 per cent.

 
&nbsp;

Equity indices slipped during early hours on Wednesday on the back of weak global cues as selling pressure built up across various segments. At 10:15 am, the BSE S&P Sensex was down by 310 points at 38,787 while the Nifty 50 lost by 90 points at 11,498.

Equity indices slipped during early hours on Wednesday on the back of weak global cues as selling pressure built up across various segments. At 10:15 am, the BSE S&P Sensex was down by 310 points at 38,787 while the Nifty 50 lost by 90 points at 11,498. At the National Stock Exchange, all sectoral indices were in the red. Nifty PSU bank was down by 2 per cent, auto by 1.5 per cent, financial service and metal by 1.4 per cent each.Among stocks, Tata Motors was the top loser which erased previous gains by 3.1 per cent to trade at Rs 126.80 per share. Eicher Motors too lost by 2.2 per cent and traded at Rs 18,020.05 apiece. Banking stocks were in the red with State Bank of India losing by 2.9 per cent and Kotak Mahindra Bank by 2.1 per cent. HDFC slipped by 2.2 per cent. The other prominent losers were Cipla, Hindalco, GAIL, Vedanta and Tata Steel. However, those which gained were Power Grid Corporation, Tata Consultancy Services, Zee Entertainment, Reliance Industries and power utility major NTPC. Meanwhile, Asian stocks fell as US lawmakers called for an impeachment enquiry into US President Donald Trump over whether he sought help from Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination. Further, trade concerns emerged with Trump saying that he will not accept a bad deal in trade talks with China as the world's two largest economies meet in early October to end the long-drawn trade war. MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.2 per cent while Japan's Nikkei fell by 0.55 per cent. Hang Seng slipped by 0.9 per cent, Kospi index by 0.8 per cent and Shanghai Composite by 0.57 per cent.

Equity indices down on weak global cues, Tata Motors top loser

Bears took control of the Dalal Street on Wednesday as global sentiments turned negative after US lawmakers launched an impeachment inquiry against US President Donald Trump amid concerns over growth in the global economy.

The BSE S&amp;P Sensex closed 504 points or 1.3 per cent lower at 38,594 while the Nifty 50 wound up 157 points lower at 11,431. At the National Stock Exchange, all sectoral indices except for IT were in the red.

Equity indices extended losses in the afternoon as the fresh scam of the lending problem in PMC Bank dented market sentiment. Investors also worried about the revival of auto demand despite deep cuts in corporate taxes.

Stocks like banking, financials and auto, which had rallied the most after September 20 corporate tax announcements, continued to see selling pressure on profit booking.

Nifty PSU Bank tumbled by 5.6 per cent, auto by 3.9 per cent, realty by 3 per cent metal by 2.6 per cent and FMCG by 1.2 per cent.

Among banks, State Bank of India was the top loser with a fall of 7.7 per cent at Rs 279.30 per share while Yes Bank dropped by 5 per cent.

&nbsp;Bank of India, Union Bank of India, Canara Bank, Bank of Baroda, Punjab National Bank, Indian Bank, Allahabad Bank and Oriental Bank of Commerce were down between 2 to 5 per cent. Kotak Mahindra Bank, HDFC Bank, ICICI Bank and Axis Bank were also under pressure.

The auto stock slipped dramatically with Tata Motors down by 5.9 per cent, Eicher Motors by 4.5 per cent, Maruti Suzuki by 4.4 per cent and Mahindra &amp; Mahindra by 4.2 per cent. Maruti reduced the price of select models by Rs 5,000 to clear its huge pile-up of inventories following falling sales.

The other prominent losers were ITC, Hindalco, Cipla and Grasim. However, IT stocks like Tata Consultancy Services and HCL Technologies showed marginal gains along with Power Grid Corporation, NTPC, IndianOil Corporation, Bharat Petroleum Corporation and Hindustan Lever.

Meanwhile, Asian stocks fell as US lawmakers launched an impeachment enquiry into US President Donald Trump over whether he sought help from Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination.

Further, trade concerns emerged with Trump saying that he will not accept a bad deal in trade talks with China as the world's two largest economies meet in early October to end the long-drawn trade war.MSCI`s broadest index of Asia Pacific shares outside Japan was down by 0.2 per cent while Japan`s Nikkei fell by 0.36 per cent. Hang Seng slipped by 1.28 per cent, South Korean Kospi by 1.32 per cent and Shanghai Composite by 1 per cent.

Bears took control of the Dalal Street on Wednesday as global sentiments turned negative after US lawmakers launched an impeachment inquiry against US President Donald Trump amid concerns over growth in the global economy.

Bears took control of the Dalal Street on Wednesday as global sentiments turned negative after US lawmakers launched an impeachment inquiry against US President Donald Trump amid concerns over growth in the global economy. The BSE S&P Sensex closed 504 points or 1.3 per cent lower at 38,594 while the Nifty 50 wound up 157 points lower at 11,431. At the National Stock Exchange, all sectoral indices except for IT were in the red. Equity indices extended losses in the afternoon as the fresh scam of the lending problem in PMC Bank dented market sentiment. Investors also worried about the revival of auto demand despite deep cuts in corporate taxes. Stocks like banking, financials and auto, which had rallied the most after September 20 corporate tax announcements, continued to see selling pressure on profit booking. Nifty PSU Bank tumbled by 5.6 per cent, auto by 3.9 per cent, realty by 3 per cent metal by 2.6 per cent and FMCG by 1.2 per cent. Among banks, State Bank of India was the top loser with a fall of 7.7 per cent at Rs 279.30 per share while Yes Bank dropped by 5 per cent. Bank of India, Union Bank of India, Canara Bank, Bank of Baroda, Punjab National Bank, Indian Bank, Allahabad Bank and Oriental Bank of Commerce were down between 2 to 5 per cent. Kotak Mahindra Bank, HDFC Bank, ICICI Bank and Axis Bank were also under pressure. The auto stock slipped dramatically with Tata Motors down by 5.9 per cent, Eicher Motors by 4.5 per cent, Maruti Suzuki by 4.4 per cent and Mahindra & Mahindra by 4.2 per cent. Maruti reduced the price of select models by Rs 5,000 to clear its huge pile-up of inventories following falling sales. The other prominent losers were ITC, Hindalco, Cipla and Grasim. However, IT stocks like Tata Consultancy Services and HCL Technologies showed marginal gains along with Power Grid Corporation, NTPC, IndianOil Corporation, Bharat Petroleum Corporation and Hindustan Lever. Meanwhile, Asian stocks fell as US lawmakers launched an impeachment enquiry into US President Donald Trump over whether he sought help from Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination. Further, trade concerns emerged with Trump saying that he will not accept a bad deal in trade talks with China as the world's two largest economies meet in early October to end the long-drawn trade war.MSCI`s broadest index of Asia Pacific shares outside Japan was down by 0.2 per cent while Japan`s Nikkei fell by 0.36 per cent. Hang Seng slipped by 1.28 per cent, South Korean Kospi by 1.32 per cent and Shanghai Composite by 1 per cent.

Sensex dips by 504 points, public sector undertaking banks and auto worst hit

Indian shares were nearly flat on Tuesday, swinging between gains and losses, as investors hoped for further stimulus from the government following a surprise corporate tax cut last week.

The broader NSE Nifty was little changed at 11,599.80 as of 0430 GMT, while the benchmark BSE Sensex rose 0.06 per cent at 39,111.31.

Finance minister Nirmala Sitharaman on Friday announced a reduction in the effective corporate tax rate to around 25 per cent from 30 per cent and scrapped the minimum alternative tax for domestic companies, which led to a two-day rally in equity markets.

"Apart from what has already been announced, the market is now gauging what will be announced next," said Anand James, chief market strategist, Geojit Financial Services, Mumbai.

"There is lingering optimism that Friday's announcement could be followed up with something else too, which is why there is some volatility."

IT stocks led gains as the index gained 1.48 per cent. Heavyweights Infosys rose 2.25 per cent, while Tata Consultancy Services was up 1.52 per cent.

Reliance Industries, one of India's most valuable companies, added 2.85 per cent&nbsp;in the session after a newspaper reported that the company would get on a spending spree after reducing its debt.

Maruti Suzuki rose 1.71 per cent after Reuters reported the company's forecast for higher sales in September.

Meanwhile, banks were the top drags for the day, as the Nifty banking index, which tracks both state-owned and private-sector lenders, falling about 1 per cent.

Indian Oil Corp dropped 2.24 per cent and was among the top blue-chip losers for the day.

Indian shares were nearly flat on Tuesday, swinging between gains and losses, as investors hoped for further stimulus from the government following a surprise corporate tax cut last week.

Indian shares were nearly flat on Tuesday, swinging between gains and losses, as investors hoped for further stimulus from the government following a surprise corporate tax cut last week. The broader NSE Nifty was little changed at 11,599.80 as of 0430 GMT, while the benchmark BSE Sensex rose 0.06 per cent at 39,111.31. Finance minister Nirmala Sitharaman on Friday announced a reduction in the effective corporate tax rate to around 25 per cent from 30 per cent and scrapped the minimum alternative tax for domestic companies, which led to a two-day rally in equity markets. "Apart from what has already been announced, the market is now gauging what will be announced next," said Anand James, chief market strategist, Geojit Financial Services, Mumbai. "There is lingering optimism that Friday's announcement could be followed up with something else too, which is why there is some volatility." IT stocks led gains as the index gained 1.48 per cent. Heavyweights Infosys rose 2.25 per cent, while Tata Consultancy Services was up 1.52 per cent. Reliance Industries, one of India's most valuable companies, added 2.85 per cent in the session after a newspaper reported that the company would get on a spending spree after reducing its debt. Maruti Suzuki rose 1.71 per cent after Reuters reported the company's forecast for higher sales in September. Meanwhile, banks were the top drags for the day, as the Nifty banking index, which tracks both state-owned and private-sector lenders, falling about 1 per cent. Indian Oil Corp dropped 2.24 per cent and was among the top blue-chip losers for the day.

Nifty, Sensex little changed; IT stocks gain

The domestic stock market extended gains on Monday morning, after Finance minister Nirmala Sitharaman’s corporate tax booster and GST rate cuts lifted sentiments.

At 09:40 am, the Sensex was up by 851 points or 2.24% at 38,865.08, and the Nifty up 266.40 points or 2.36% at 11,541.90.

About 836 shares have advanced, 135 shares declined, and 30 shares are unchanged.

The Sensex was up 1,000 points to 39,144, while the Nifty was trading above the 11,500-mark at 9.20 am. L&amp;T, ITC, IndusInd Bank, M&amp;M were the biggest gainers in Sensex, jumping up to 8%.

Global cues

Asian shares started higher on Monday on hopes of an interim Sino-US tariff deal after the two countries described their talks as “productive” and “constructive”.

Japan's Nikkei opened 0.2 per cent higher while Australian shares added 0.5 per cent. South Korea's Kospi was a touch weaker. That left MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.5 per cent. At 7 am, Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 56 points higher, suggesting a positive opening for domestic indices.&nbsp;

In commodities, oil gained more than 1 per cent as Middle East tensions remained elevated. Brent crude futures jumped 1.2 per cent, or 75 cents, to $65.03 a barrel.

(With inputs from Reuters)

The domestic stock market extended gains on Monday morning, after Finance minister Nirmala Sitharaman’s corporate tax booster and GST rate cuts lifted sentiments.

The domestic stock market extended gains on Monday morning, after Finance minister Nirmala Sitharaman’s corporate tax booster and GST rate cuts lifted sentiments. At 09:40 am, the Sensex was up by 851 points or 2.24% at 38,865.08, and the Nifty up 266.40 points or 2.36% at 11,541.90. About 836 shares have advanced, 135 shares declined, and 30 shares are unchanged. The Sensex was up 1,000 points to 39,144, while the Nifty was trading above the 11,500-mark at 9.20 am. L&T, ITC, IndusInd Bank, M&M were the biggest gainers in Sensex, jumping up to 8%. Global cues Asian shares started higher on Monday on hopes of an interim Sino-US tariff deal after the two countries described their talks as “productive” and “constructive”. Japan's Nikkei opened 0.2 per cent higher while Australian shares added 0.5 per cent. South Korea's Kospi was a touch weaker. That left MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.5 per cent. At 7 am, Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 56 points higher, suggesting a positive opening for domestic indices. In commodities, oil gained more than 1 per cent as Middle East tensions remained elevated. Brent crude futures jumped 1.2 per cent, or 75 cents, to $65.03 a barrel. (With inputs from Reuters)

Sensex up over 850 points, Nifty above 11,500

The rally on D-Street continued on Monday afternoon with heavy buying by foreign institutional investors (FIIs) and domestic traders after the government on Friday announced a rejig of corporate tax cuts to shore up investments and growth.

<a href="https://www.wionews.com/business-economy/sensex-up-over-850-points-regains-39000-mark-251372">Equity indices</a> also gained due to rationalisation of Goods and Services Tax for certain sectors.&nbsp;

At 12:45 am, the BSE S&amp;P Sensex was up by 1,404 points or 3.7 per cent at 39,417 while the Nifty 50 was 410 points higher at 11,684.

At the National Stock Exchange, all sectoral indices except for IT and pharma were in the positive territory with Nifty FMCG gaining by 5.8 per cent, private bank by 5.6 per cent, financial service by 5.4 per cent and auto by 3.2 per cent.

Hotel stocks were up after the cut in corporate taxes and rationalisation of Goods and Services Tax (GST) rates. Lemon Tree Hotels gained by 13.7 per cent, Indian Hotels by 8.6 per cent, ITC by 8.3 per cent, Hotel Leelaventure by 5.9 per cent and Chalet Hotels by 2.9 per cent.

Among others, the prominent winner was Indian engineering multinational Larsen &amp; Toubro which edged higher by 9.3 per cent. Bajaj Finserv, Bajaj Finance, IndusInd Bank and Asian Paints gained by over 8 per cent while Adani Ports, Bharat Petroleum Corporation and ICICI Bank were up by more than 7 per cent each.

However, IT scrips lost with Infosys down by 4.2 per cent, Tata Consultancy Services by 3.2 per cent, Wipro by 3 per cent and Tech Mahindra by 1.9 per cent each.&nbsp;

The rally on D-Street continued on Monday afternoon with heavy buying by foreign institutional investors (FIIs) and domestic traders after the government on Friday announced a rejig of corporate tax cuts to shore up investments and growth.

The rally on D-Street continued on Monday afternoon with heavy buying by foreign institutional investors (FIIs) and domestic traders after the government on Friday announced a rejig of corporate tax cuts to shore up investments and growth. Equity indices also gained due to rationalisation of Goods and Services Tax for certain sectors. At 12:45 am, the BSE S&P Sensex was up by 1,404 points or 3.7 per cent at 39,417 while the Nifty 50 was 410 points higher at 11,684. At the National Stock Exchange, all sectoral indices except for IT and pharma were in the positive territory with Nifty FMCG gaining by 5.8 per cent, private bank by 5.6 per cent, financial service by 5.4 per cent and auto by 3.2 per cent. Hotel stocks were up after the cut in corporate taxes and rationalisation of Goods and Services Tax (GST) rates. Lemon Tree Hotels gained by 13.7 per cent, Indian Hotels by 8.6 per cent, ITC by 8.3 per cent, Hotel Leelaventure by 5.9 per cent and Chalet Hotels by 2.9 per cent. Among others, the prominent winner was Indian engineering multinational Larsen & Toubro which edged higher by 9.3 per cent. Bajaj Finserv, Bajaj Finance, IndusInd Bank and Asian Paints gained by over 8 per cent while Adani Ports, Bharat Petroleum Corporation and ICICI Bank were up by more than 7 per cent each. However, IT scrips lost with Infosys down by 4.2 per cent, Tata Consultancy Services by 3.2 per cent, Wipro by 3 per cent and Tech Mahindra by 1.9 per cent each.

Sensex jumps over 1,400 points, hotel stocks gain after GST rationalisation

After a historic run on Friday, equity indices today afternoon ended at a record high with BSE Sensex closing at 38,014.62, 1,921.15 above its previous close of 36,093.47.

Both the broader NSE Nifty and the benchmark BSE Sensex closed 5.3 per cent higher, finishing the week with gains of more than 1.5 per cent.

The rupee, which rose as much as 0.9 per cent to 70.68 against the dollar after the announcement, pared some gains to trade at 71.05 by 10:15 GMT.

The domestic stock market, earlier in the day, registered their biggest single-day gain in more than a decade after the government announced <a href="https://www.wionews.com/india-news/we-propose-to-slash-corporate-tax-rates-for-domestic-companies-finance-minister-nirmala-sitharaman-250730">deep cuts in corporate taxes</a> to revive flagging growth in Asia's third-largest economy.

At 2:00 pm, the Sensex was at 38,313.65, higher by 2,220.18 points from the previous close of 36,093.47 points.

The NSE Nifty50 was trading at 11,379.60, higher by 674.80 points from the previous close.

The boost followed Finance Minister Nirmala Sitharam's announcement of cutting down the corporate tax rate to 25.17 per cent from 30 per cent.&nbsp;

"The reduction in corporate tax rate will "augur well for our economy," Reserve Bank of India chief Shaktikanta Das said.&nbsp;

Prime Minister <a href="https://www.wionews.com/india-news/its-a-win-win-for-130-crore-indians-pm-modi-on-corporate-tax-rate-cut-250811">Narendra Modi hailed the move</a> and called it "historic".&nbsp;

The prime minister said that the move will attract private investment from all across the world and is a "win-win for 130 crore Indians".

After a historic run on Friday, equity indices today afternoon ended at a record high with BSE Sensex closing at 38,014.62, 1,921.15 above its previous close of 36,093.

After a historic run on Friday, equity indices today afternoon ended at a record high with BSE Sensex closing at 38,014.62, 1,921.15 above its previous close of 36,093.47. Both the broader NSE Nifty and the benchmark BSE Sensex closed 5.3 per cent higher, finishing the week with gains of more than 1.5 per cent. The rupee, which rose as much as 0.9 per cent to 70.68 against the dollar after the announcement, pared some gains to trade at 71.05 by 10:15 GMT. The domestic stock market, earlier in the day, registered their biggest single-day gain in more than a decade after the government announced deep cuts in corporate taxes to revive flagging growth in Asia's third-largest economy. At 2:00 pm, the Sensex was at 38,313.65, higher by 2,220.18 points from the previous close of 36,093.47 points. The NSE Nifty50 was trading at 11,379.60, higher by 674.80 points from the previous close. The boost followed Finance Minister Nirmala Sitharam's announcement of cutting down the corporate tax rate to 25.17 per cent from 30 per cent. "The reduction in corporate tax rate will "augur well for our economy," Reserve Bank of India chief Shaktikanta Das said. Prime Minister Narendra Modi hailed the move and called it "historic". The prime minister said that the move will attract private investment from all across the world and is a "win-win for 130 crore Indians".

Sensex ends 1,921 points higher after fresh booster shot from government 

Equity indices came under sharp selling pressure for the second consecutive day on Tuesday and wiped out all previous week's gains due to geopolitical tensions and weak global cues.

Rampant across-the-board selling led the <a href="Rampant across-the-board selling led the BSE S&amp;P Sensex to close 642 points or 1.7 per cent down to 36,481 while the Nifty 50 slid by 186 points to 10,818.">BSE S&amp;P Sensex </a>to close 642 points or 1.7 per cent down to 36,481 while the Nifty 50 slid by 186 points to 10,818.

At the National Stock Exchange, all sectoral indices were in the red with Nifty auto down by 3.8 per cent, realty by 3.7 per cent, PSU bank by 3.6 per cent and metal by 2.6 per cent.

Shares of State Trading Corporation (STC) and Metals &amp; Miners Trading Corporation of India (MMTC) plunged by 19.6 per cent and 16.5 per cent respectively following reports that the Ministry of Commerce and Industry has decided to close down the state-owned trading firms.

But sectorally, auto stocks suffered the most with Hero MotoCorp skidding by 6.2 per cent, Tata Motors by 4.9 per cent, Maruti by 4.6 per cent, Eicher Motors by 3.3 per cent and Bajaj Auto by 3 per cent.

Banking stocks too were under pressure with Axis bank down by 4.6 per cent, State Bank of India by 3.7 per cent and IndusInd Bank by 3 per cent.

Market sentiment has been weak since two Saudi Aramco plants at the heart of the kingdom's oil industry, including the world's biggest petroleum processing facility, were attacked by drones on September 14.

India's current account and fiscal deficit could take a hit if oil prices continue to rise after the attack, RBI Governor Shaktikanta Das had said on Monday.

The attack on the two plants -- Abqaiq oil processing facility and Khurais oil field -- resulted in a temporary shortage of 5.7 million barrels per day which is 5 per cent of the global crude supply or 50 per cent of the kingdom's oil output.

The Indian rupee has also weakened sharply and moved towards Rs 72 against the US dollar amid rising demand for the greenback vis-a-vis other currencies overseas and concerns over soaring crude prices following the drone attacks.

Global markets also turned cautious ahead of the two-day meeting of US Federal Open Market Committee. Many experts said the Fed may cut interest rate by 25 basis points.

Meanwhile, oil traded in the negative on Tuesday in Asia as it partly erased yesterday's gains as investors awaited updates regarding the resumption of operations in Saudi Arabia. Brent crude, the international benchmark, fell 0.96 per cent to 68.39 dollars per barrel.

Asia markets were mixed in the trade as investor sentiment remained cautious with China's Shanghai falling by 1.7 per cent and Hong Kong`s Hang Seng declining by 1.2 per cent.

Equity indices came under sharp selling pressure for the second consecutive day on Tuesday and wiped out all previous week's gains due to geopolitical tensions and weak global cues.

Equity indices came under sharp selling pressure for the second consecutive day on Tuesday and wiped out all previous week's gains due to geopolitical tensions and weak global cues. Rampant across-the-board selling led the BSE S&P Sensex to close 642 points or 1.7 per cent down to 36,481 while the Nifty 50 slid by 186 points to 10,818. At the National Stock Exchange, all sectoral indices were in the red with Nifty auto down by 3.8 per cent, realty by 3.7 per cent, PSU bank by 3.6 per cent and metal by 2.6 per cent. Shares of State Trading Corporation (STC) and Metals & Miners Trading Corporation of India (MMTC) plunged by 19.6 per cent and 16.5 per cent respectively following reports that the Ministry of Commerce and Industry has decided to close down the state-owned trading firms. But sectorally, auto stocks suffered the most with Hero MotoCorp skidding by 6.2 per cent, Tata Motors by 4.9 per cent, Maruti by 4.6 per cent, Eicher Motors by 3.3 per cent and Bajaj Auto by 3 per cent. Banking stocks too were under pressure with Axis bank down by 4.6 per cent, State Bank of India by 3.7 per cent and IndusInd Bank by 3 per cent. Market sentiment has been weak since two Saudi Aramco plants at the heart of the kingdom's oil industry, including the world's biggest petroleum processing facility, were attacked by drones on September 14. India's current account and fiscal deficit could take a hit if oil prices continue to rise after the attack, RBI Governor Shaktikanta Das had said on Monday. The attack on the two plants -- Abqaiq oil processing facility and Khurais oil field -- resulted in a temporary shortage of 5.7 million barrels per day which is 5 per cent of the global crude supply or 50 per cent of the kingdom's oil output. The Indian rupee has also weakened sharply and moved towards Rs 72 against the US dollar amid rising demand for the greenback vis-a-vis other currencies overseas and concerns over soaring crude prices following the drone attacks. Global markets also turned cautious ahead of the two-day meeting of US Federal Open Market Committee. Many experts said the Fed may cut interest rate by 25 basis points. Meanwhile, oil traded in the negative on Tuesday in Asia as it partly erased yesterday's gains as investors awaited updates regarding the resumption of operations in Saudi Arabia. Brent crude, the international benchmark, fell 0.96 per cent to 68.39 dollars per barrel. Asia markets were mixed in the trade as investor sentiment remained cautious with China's Shanghai falling by 1.7 per cent and Hong Kong`s Hang Seng declining by 1.2 per cent.

Sensex closes 642 points down after Saudi Arabia's Aramco attacks

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