Foreign investors continued to pull money out of Asian equities in July, marking the ninth consecutive month of net selling across seven major Asian markets. Investors sold a net $25.5 billion worth of stocks, with the sell-off concentrated in technology-heavy markets such as Taiwan and South Korea.

Taiwan accounted for nearly $23 billion of the July outflows, while South Korea saw another $6.3 billion leave its equity market. Concerns over AI-related spending, cash burn, semiconductor demand and the sustainability of corporate growth have weighed on investor sentiment.

Amid the broader regional sell-off, India stood out by attracting $2.1 billion in foreign inflows in July. Thailand also recorded strong inflows, while Indonesia and the Philippines saw smaller gains.

Asian Markets Face $25.5 Billion Foreign Outflow as Taiwan, South Korea Lead Tech Sell-Off

The ongoing US-Israel-Iran war has profoundly impacted the economic landscape of India. It has been one month since the war began on February 28, 2026, and the closure of the Strait of Hormuz has triggered a massive economic strain. Let's have a look at the impacted sectors.

Economy under stress: 5 major impacts on India after one month of West Asia War

Finance Minister Nirmala Sitharaman presented the Economic Survey in Parliament on Thursday (January 29), setting the stage for the Union Budget scheduled for Sunday (February 1). The upcoming Budget will be her ninth in a row, an unprecedented milestone. Traditionally released ahead of the Budget, the Economic Survey offers a glimpse of the economy and outlines the government’s assessment before policy announcements on taxation, spending, and reforms.&nbsp;Indian equity markets rebounded sharply in the latter half of Thursday’s session after a weak start, with benchmark indices recovering from intraday lows as investors responded positively to the Survey’s outlook. The document reaffirmed expectations of stable economic growth, sustained capital expenditure, and a continued emphasis on manufacturing and fiscal discipline. The BSE Sensex jumped over 900 points from its day’s low of 81,707.94 to touch an intraday high of 82,615. By 2:00 pm, the index was trading at 82,615, up 267 points or 0.33 per cent. The NSE Nifty also reclaimed lost ground, rising above 25,400 and trading at 25,433.60, up 91.55 points or 0.34 per cent.&nbsp;Also Read: <a href="https://www.wionews.com/business-economy/india-economic-survey-2026-trump-tariffs-and-global-risks-loom-despite-buoyant-domestic-consumption-1769675215936">India Economic Survey 2026: Trump tariffs and global risks loom despite buoyant domestic consumption</a>&nbsp;Markets had opened lower amid mixed global signals, with the Sensex hitting its lowest level around mid-morning and the Nifty briefly slipping below 25,200. Sentiment turned decisively positive post-noon as the Survey highlighted the government’s continued focus on infrastructure-led growth and prudent fiscal management.&nbsp;<a href="https://www.wionews.com/videos/nepal-elections-preparations-underway-as-parties-finalise-manifestos-1769675770187/embed">https://www.wionews.com/videos/nepal-elections-preparations-underway-as-parties-finalise-manifestos-1769675770187/embed</a><h2>Metal stocks lead the rally</h2>Metal stocks spearheaded the recovery, buoyed by optimism around infrastructure spending and industrial demand highlighted in the Survey. The BSE Metal index surged 2.47 per cent to scale a record high. Hindustan Copper hit a 20 per cent upper circuit, while Nalco rallied 5.75 per cent. Vedanta climbed 3.8 per cent, NMDC gained 3.79 per cent, Jindal Steel rose 3.66 per cent, and Tata Steel advanced 3.61 per cent. Broader markets also recovered from early losses, though performance remained mixed. The BSE 150 MidCap index was marginally lower by 0.05 per cent, while the BSE 250 SmallCap index continued to lag, declining close to 0.5 per cent.<h2>Rupee falls to record low</h2>The rupee fell to a record low of 92.00 against the US dollar in early trade on Thursday (January 29), pressured by persistent demand for the greenback and a cautious global sentiment. Currency market participants said the weakness followed a rebound in the dollar index from its 4.5-year lows after the US Federal Reserve left interest rates unchanged at the end of its first policy meeting of the year. On Wednesday (January 28), the rupee had already closed 31 paise lower, matching its weakest-ever closing level of 91.99 against the dollar.

Here's how stock market reacted to India Economic Survey 2026. Rupee breaches new low against US Dollar

Finance Minister Nirmala Sitharaman presented the Economic Survey in Parliament on Thursday (January 29), setting the stage for the Union Budget scheduled for Sunday (February 1). The upcoming Budget will be her ninth in a row, an unprecedented milestone. Traditionally released ahead of the Budget, the Economic Survey offers a glimpse of the economy and outlines the government’s assessment before policy announcements on taxation, spending, and reforms. Indian equity markets rebounded sharply in the latter half of Thursday’s session after a weak start, with benchmark indices recovering from intraday lows as investors responded positively to the Survey’s outlook. The document reaffirmed expectations of stable economic growth, sustained capital expenditure, and a continued emphasis on manufacturing and fiscal discipline. The BSE Sensex jumped over 900 points from its day’s low of 81,707.94 to touch an intraday high of 82,615. By 2:00 pm, the index was trading at 82,615, up 267 points or 0.33 per cent. The NSE Nifty also reclaimed lost ground, rising above 25,400 and trading at 25,433.60, up 91.55 points or 0.34 per cent. Also Read: India Economic Survey 2026: Trump tariffs and global risks loom despite buoyant domestic consumption Markets had opened lower amid mixed global signals, with the Sensex hitting its lowest level around mid-morning and the Nifty briefly slipping below 25,200. Sentiment turned decisively positive post-noon as the Survey highlighted the government’s continued focus on infrastructure-led growth and prudent fiscal management. https://www.wionews.com/videos/nepal-elections-preparations-underway-as-parties-finalise-manifestos-1769675770187/embed Metal stocks lead the rally Metal stocks spearheaded the recovery, buoyed by optimism around infrastructure spending and industrial demand highlighted in the Survey. The BSE Metal index surged 2.47 per cent to scale a record high. Hindustan Copper hit a 20 per cent upper circuit, while Nalco rallied 5.75 per cent. Vedanta climbed 3.8 per cent, NMDC gained 3.79 per cent, Jindal Steel rose 3.66 per cent, and Tata Steel advanced 3.61 per cent. Broader markets also recovered from early losses, though performance remained mixed. The BSE 150 MidCap index was marginally lower by 0.05 per cent, while the BSE 250 SmallCap index continued to lag, declining close to 0.5 per cent. Rupee falls to record low The rupee fell to a record low of 92.00 against the US dollar in early trade on Thursday (January 29), pressured by persistent demand for the greenback and a cautious global sentiment. Currency market participants said the weakness followed a rebound in the dollar index from its 4.5-year lows after the US Federal Reserve left interest rates unchanged at the end of its first policy meeting of the year. On Wednesday (January 28), the rupee had already closed 31 paise lower, matching its weakest-ever closing level of 91.99 against the dollar.

Finance Minister Nirmala Sitharaman presented the India Economic Survey 2026 on Thursday (January 29). Sensex jumped over 900 points from the day's low to close in the green

Even as geopolitical tremors rattle South Asia following the April 22 terror attack in Pahalgam, India&rsquo;s financial markets are charting an unexpected path &mdash; upward. While diplomatic tensions between India and Pakistan escalate, investors in India are betting big, pushing benchmarks like the Sensex and Nifty higher. Meanwhile, across the border, Pakistan&rsquo;s stock market is bleeding value, a stark reflection of economic anxiety and political isolation.
<h2>India&rsquo;s stock markets brush off border fears</h2>
On May 5, the BSE Sensex jumped 259.75 points at the open, while the NSE Nifty 50 rose 12.50 points. This momentum has continued despite growing uncertainty in the region, signaling investor confidence in India&rsquo;s economic fundamentals.
This bullish run is supported by easing global crude prices, a weakening the U.S. dollar, and strong foreign institutional inflows. The Indian rupee has climbed to a five-month high, boosting market sentiment further.
Defense stocks are also riding the wave of geopolitical tension. Shares of Hindustan Aeronautics Ltd (HAL) and Garden Reach Shipbuilders &amp; Engineers (GRSE) have continued their upward march since April 23, the day after the Pahalgam terror attack, as investors bet on increased defense spending amid India&rsquo;s assertive strategic posture.
<h2> Global cues and sectoral strength fuel India&rsquo;s rally</h2>
 India&rsquo;s market performance is not solely driven by regional events. Broader global trends are at play. With the U.S. Fed signaling a pause in rate hikes and oil prices softening, foreign investors have returned to emerging markets &mdash; and India remains a top pick.
Auto, FMCG, and PSU bank stocks have also contributed to the recent rally, creating a market environment that seems largely insulated from diplomatic frictions.
<h2> Pakistan&rsquo;s stock market slides into uncertainty</h2>
 The mood is grim across the border. Pakistan&rsquo;s benchmark KSE-100 index fell another 635.05 points on May 5. Since April 23, the index has shed over 7,500 points &mdash; a nearly 6 per cent drop &mdash; erasing months of gains and shaking investor confidence.
The sell-off is being driven by a mix of factors: economic retaliation from India, a potential freeze in multilateral aid, and growing investor skepticism about Pakistan&rsquo;s financial stability. Defense and agriculture &mdash; two sectors already stressed &mdash; face further strain as India ramps up economic pressure through airspace closures, port restrictions, and even suspension of the Indus Waters Treaty.
<h2>A tale of two economies</h2>
 The contrast is clear. India, despite being at the center of a high-stakes geopolitical standoff, is seeing its GDP projections hold steady, with the IMF forecasting 6.8 per cent growth in 2025. Foreign reserves are strong, the rupee is stable, and inflation is largely under control.
Pakistan, on the other hand, is teetering on the edge of economic instability. The IMF has warned that ongoing tensions could derail Islamabad&rsquo;s $7 billion bailout program. Its GDP is now expected to grow at just 2.4 per cent, down from earlier estimates of 3.5 per cent.
While both countries remain locked in a diplomatic deadlock, their economies are sending very different signals. India&rsquo;s markets are thriving, reflecting global investor trust and domestic resilience. Pakistan, burdened by diplomatic isolation and internal fragility, is facing the brunt of the fallout.
&nbsp;

Business & Economy: With political unrest at the forefront, Pakistan's economic woes grow, as reflected in the stock market's significant downturn wio

Even as geopolitical tremors rattle South Asia following the April 22 terror attack in Pahalgam, India’s financial markets are charting an unexpected path — upward. While diplomatic tensions between India and Pakistan escalate, investors in India are betting big, pushing benchmarks like the Sensex and Nifty higher. Meanwhile, across the border, Pakistan’s stock market is bleeding value, a stark reflection of economic anxiety and political isolation. India’s stock markets brush off border fears On May 5, the BSE Sensex jumped 259.75 points at the open, while the NSE Nifty 50 rose 12.50 points. This momentum has continued despite growing uncertainty in the region, signaling investor confidence in India’s economic fundamentals. This bullish run is supported by easing global crude prices, a weakening the U.S. dollar, and strong foreign institutional inflows. The Indian rupee has climbed to a five-month high, boosting market sentiment further. Defense stocks are also riding the wave of geopolitical tension. Shares of Hindustan Aeronautics Ltd (HAL) and Garden Reach Shipbuilders & Engineers (GRSE) have continued their upward march since April 23, the day after the Pahalgam terror attack, as investors bet on increased defense spending amid India’s assertive strategic posture. Global cues and sectoral strength fuel India’s rally India’s market performance is not solely driven by regional events. Broader global trends are at play. With the U.S. Fed signaling a pause in rate hikes and oil prices softening, foreign investors have returned to emerging markets — and India remains a top pick. Auto, FMCG, and PSU bank stocks have also contributed to the recent rally, creating a market environment that seems largely insulated from diplomatic frictions. Pakistan’s stock market slides into uncertainty The mood is grim across the border. Pakistan’s benchmark KSE-100 index fell another 635.05 points on May 5. Since April 23, the index has shed over 7,500 points — a nearly 6 per cent drop — erasing months of gains and shaking investor confidence. The sell-off is being driven by a mix of factors: economic retaliation from India, a potential freeze in multilateral aid, and growing investor skepticism about Pakistan’s financial stability. Defense and agriculture — two sectors already stressed — face further strain as India ramps up economic pressure through airspace closures, port restrictions, and even suspension of the Indus Waters Treaty. A tale of two economies The contrast is clear. India, despite being at the center of a high-stakes geopolitical standoff, is seeing its GDP projections hold steady, with the IMF forecasting 6.8 per cent growth in 2025. Foreign reserves are strong, the rupee is stable, and inflation is largely under control. Pakistan, on the other hand, is teetering on the edge of economic instability. The IMF has warned that ongoing tensions could derail Islamabad’s $7 billion bailout program. Its GDP is now expected to grow at just 2.4 per cent, down from earlier estimates of 3.5 per cent. While both countries remain locked in a diplomatic deadlock, their economies are sending very different signals. India’s markets are thriving, reflecting global investor trust and domestic resilience. Pakistan, burdened by diplomatic isolation and internal fragility, is facing the brunt of the fallout.

India’s stock market boom amid tension with Pakistan, KSE crashes

India's digital transformation stands as a compelling example of progress in the global landscape. Recent findings from the ministry of statistics and programme implementation reveal a remarkable increase in internet usage, rising from 41.8% in 2020-21 to 59.8% in 2022-23. Watch in for more details!

Inclusivity: The Next Step For India’s Digital Growth?

Global stocks continue their bull run on Friday amid Labour's landslide victory in the UK. The optimism is further fuelled by anticipation of US rate cuts ahead of key jobs data to be released later in the day. Meanwhile, the Euro also touched a three-week high ahead of the French elections.

UK's sterling adds to its longest winning streak in four years as the Labour Party wins by a big margin after 14 years of conservative rule. The stock market index also rose 0.38 per cent in early trading.

In Europe, the market focus now moves to Sunday's second-round election in France. French stocks are not recovering from the dramatic slump witnessed last month after the surprise election announcement.&nbsp;

In the US, rate-cut bets are fuelling the stock rally, with expectations of easing job data. The non-farm payrolls likely increased by 190,000 in June after surging to 272,000 in May, according to a Reuters survey of economists. Analysts point out that easing job data can support the case for rate cuts in September.&nbsp;

Meanwhile, Bitcoin is set to witness the worst weekly fall in over a year on worries of token dumping by defunct Japanese exchange and profit bookings.

Profit bookings on the last day of the week led to a minor slump in Indian stocks, with the Sensex trading 300 points below the lifetime high of 80,000. Indian stock markets have witnessed record highs this month after a big hiccup on the 4th of June.

Global stocks continue their bull run on Friday amid Labour's landslide victory in the UK. The optimism is further fuelled by anticipation of US rate cuts ahead of key jobs data to be released later in the day.

Global stocks continue their bull run on Friday amid Labour's landslide victory in the UK. The optimism is further fuelled by anticipation of US rate cuts ahead of key jobs data to be released later in the day. Meanwhile, the Euro also touched a three-week high ahead of the French elections. UK's sterling adds to its longest winning streak in four years as the Labour Party wins by a big margin after 14 years of conservative rule. The stock market index also rose 0.38 per cent in early trading. In Europe, the market focus now moves to Sunday's second-round election in France. French stocks are not recovering from the dramatic slump witnessed last month after the surprise election announcement. In the US, rate-cut bets are fuelling the stock rally, with expectations of easing job data. The non-farm payrolls likely increased by 190,000 in June after surging to 272,000 in May, according to a Reuters survey of economists. Analysts point out that easing job data can support the case for rate cuts in September. Meanwhile, Bitcoin is set to witness the worst weekly fall in over a year on worries of token dumping by defunct Japanese exchange and profit bookings. Profit bookings on the last day of the week led to a minor slump in Indian stocks, with the Sensex trading 300 points below the lifetime high of 80,000. Indian stock markets have witnessed record highs this month after a big hiccup on the 4th of June.

Global stocks hit record highs amid UK election results

India's benchmark indices hit fresh all-time highs on Wednesday, extending their bull run for another session of multiple milestones. Both benchmarks started at new records and closed at life highs.&nbsp;

The blue-chip Sensex index opened at a record high of 78,094 before turning lower in early trade. But soon hit a life high of 78,759 and closed over 620 points at a record of 78,674. The broader nifty index also started at a life high of about 23,697.&nbsp;

During the session, the index hit an all-time high of about 23,890, closing on a new milestone of 24,000. The nifty closed at a record of nearly 23,869.&nbsp;

On Tuesday, the blue-chip Sensex index rose over 700 points to end over 78,000 points for the first time ever. The index started the day in the green before jumping to an intra-day life high of about 78165. The broader nifty index closed at a new record high of 23,721.&nbsp;

The nifty, too, started the day with gains and rose to an all-time high of around 23,754. With the life highs hit on Wednesday, the Nifty index has marked a record in 12 of the 13 sessions since June 7. Monday was the only exception to the record-high runs for the index.&nbsp;

The index now eyes the 24,000 mark, with analysts calling for that level to be reached this week itself. Indian stocks are being driven by expectations of pro-growth policies in the budget.&nbsp;

India's benchmark indices hit fresh all-time highs on Wednesday, extending their bull run for another session of multiple milestones. Both benchmarks started at new records and closed at life highs.

India's benchmark indices hit fresh all-time highs on Wednesday, extending their bull run for another session of multiple milestones. Both benchmarks started at new records and closed at life highs. The blue-chip Sensex index opened at a record high of 78,094 before turning lower in early trade. But soon hit a life high of 78,759 and closed over 620 points at a record of 78,674. The broader nifty index also started at a life high of about 23,697. During the session, the index hit an all-time high of about 23,890, closing on a new milestone of 24,000. The nifty closed at a record of nearly 23,869. On Tuesday, the blue-chip Sensex index rose over 700 points to end over 78,000 points for the first time ever. The index started the day in the green before jumping to an intra-day life high of about 78165. The broader nifty index closed at a new record high of 23,721. The nifty, too, started the day with gains and rose to an all-time high of around 23,754. With the life highs hit on Wednesday, the Nifty index has marked a record in 12 of the 13 sessions since June 7. Monday was the only exception to the record-high runs for the index. The index now eyes the 24,000 mark, with analysts calling for that level to be reached this week itself. Indian stocks are being driven by expectations of pro-growth policies in the budget.

Indian stocks break all records

India's benchmark indices closed at new all-time highs, with the Sensex and Nifty closing early 1 per cent higher.&nbsp;

The blue-chip Sensex index rose over 700 points to end over 78,000 points for the first time ever.&nbsp;

The index started the day in the green before jumping to an intra-day life high of about 78165.&nbsp;

The broader Nifty index closed at a new record high of 23,721.&nbsp;

The Nifty, too, started the day with gains and rose to an all-time high of around 23,754.&nbsp;

With the life highs hit on Tuesday, the nifty index has marked some kind of a record in 11 of the 12 sessions since June 7. Monday was the only exception in the record-high runs for the index.&nbsp;

The index now eyes the 24,000 mark, with analysts calling for that level to be reached this week itself. The bull run in Indian stocks is being driven by expectations of pro-growth policies in the budget.&nbsp;

India's benchmark indices closed at new all-time highs, with the Sensex and Nifty closing early 1 per cent higher. The blue-chip Sensex index rose over 700 points to end over 78,000 points for the first time ever.

India's benchmark indices closed at new all-time highs, with the Sensex and Nifty closing early 1 per cent higher. The blue-chip Sensex index rose over 700 points to end over 78,000 points for the first time ever. The index started the day in the green before jumping to an intra-day life high of about 78165. The broader Nifty index closed at a new record high of 23,721. The Nifty, too, started the day with gains and rose to an all-time high of around 23,754. With the life highs hit on Tuesday, the nifty index has marked some kind of a record in 11 of the 12 sessions since June 7. Monday was the only exception in the record-high runs for the index. The index now eyes the 24,000 mark, with analysts calling for that level to be reached this week itself. The bull run in Indian stocks is being driven by expectations of pro-growth policies in the budget.

India’s Sensex breaches 78,000 for the first time ever

Tuesday marked another day of records for Indian stocks after last week's rally, and the country's benchmark indices' market value was above $5 trillion.

Indian stocks hit fresh all-time highs on Tuesday.

With global cues pointing to more gains for record-high Indian stocks, traders came out all guns blazing after the market holiday on Monday on account of Eid Al Adha.

On Tuesday, the blue-chip Sensex opened at a new record high of 77,235 and rose further to a new all-time intra-day high of 77,367.

The broader Nifty 50 index started at a life high of 23,571 and jumped to a record of 23,574.

Investors will see if the Nifty can extend its gains this week.

Market value and trading volumes will also be in focus this week.

Last week, the country's stock market became a part of the exclusive $5 trillion club of the United States, China, Japan, and Hong Kong.

It took India about six months to add the latest $1 trillion to the market value of companies listed.

The fact that millions of young Indians have flocked to stock investing is a defining characteristic of gains in the last several years.

The entire record rush is fueled by domestic investors, with foreign entities staying on the sidelines.

Record rally

Last week, the Nifty index gained in four out of five sessions and hit new highs every day.

Not far behind, the Sensex had two records in five days.

After a near-$400 billion wipeout on election results day, the recovery of those losses has been brisk, taking just three days.

That is the fastest recovery rate of over 5 per cent loss in the last decade.

Trade volumes jumped to a record last week, and investors are looking at further highs in the coming week.

Reasons for record highs

So, what is driving this rally?

Bets that the new coalition government will focus on policy continuity and consider boosting consumer spending through tax cuts.

While the centre will focus on fiscal discipline, the broader expectations are that the new budget will benefit the Indian middle class.

Tuesday marked another day of records for Indian stocks after last week's rally, and the country's benchmark indices' market value was above $5 trillion. Indian stocks hit fresh all-time highs on Tuesday.

Tuesday marked another day of records for Indian stocks after last week's rally, and the country's benchmark indices' market value was above $5 trillion. Indian stocks hit fresh all-time highs on Tuesday. With global cues pointing to more gains for record-high Indian stocks, traders came out all guns blazing after the market holiday on Monday on account of Eid Al Adha. On Tuesday, the blue-chip Sensex opened at a new record high of 77,235 and rose further to a new all-time intra-day high of 77,367. The broader Nifty 50 index started at a life high of 23,571 and jumped to a record of 23,574. Investors will see if the Nifty can extend its gains this week. Market value and trading volumes will also be in focus this week. Last week, the country's stock market became a part of the exclusive $5 trillion club of the United States, China, Japan, and Hong Kong. It took India about six months to add the latest $1 trillion to the market value of companies listed. The fact that millions of young Indians have flocked to stock investing is a defining characteristic of gains in the last several years. The entire record rush is fueled by domestic investors, with foreign entities staying on the sidelines. Record rally Last week, the Nifty index gained in four out of five sessions and hit new highs every day. Not far behind, the Sensex had two records in five days. After a near-$400 billion wipeout on election results day, the recovery of those losses has been brisk, taking just three days. That is the fastest recovery rate of over 5 per cent loss in the last decade. Trade volumes jumped to a record last week, and investors are looking at further highs in the coming week. Reasons for record highs So, what is driving this rally? Bets that the new coalition government will focus on policy continuity and consider boosting consumer spending through tax cuts. While the centre will focus on fiscal discipline, the broader expectations are that the new budget will benefit the Indian middle class.

Indian stocks start week at new life highs

Now, we turn our attention to market moves this morning. Asian stocks tracked US peers higher as the federal reserve's cautious outlook on interest rates did little to alter wall street bulls. Cooling US inflation also swayed traders' sentiment.

Asian stocks rise as traders shrug off hawkish FED

Indian stocks began at all-time highs on Thursday, boosted by strong buying across sectors and favourable global market indications. The benchmark Sensex rose over 500 points to 77,100, while the Nifty 50 gained more than half a percent to roughly 23,480.<o:p></o:p>

Broader markets followed suit, with the Nifty Midcap 100 and Nifty Small Cap 100 indices rising by more than 0.5 percent to new highs. The Bank Nifty index also increased strongly, gaining 115 points to trade above 50,000.<o:p></o:p>

Sectoral indices performed well, with Nifty IT, Nifty Realty, Nifty Metals, Nifty Auto, Nifty PSU Bank, and Nifty Financial Services leading the gains. The only indices traded in the red were Nifty FMCG and Nifty Media.<o:p></o:p>

HDFC Life Insurance, LTI Mindtree, Divi's Laboratories, Shriram Finance, and Wipro were among the Nifty 50 components with the most gains. Tata Consumer Products, Britannia Industries, Hindustan Unilever, Cipla, and Eicher Motors were among the biggest losers.<o:p></o:p>

Positive global cues and favourable home economic indicators drove the rise. Asian and US stock markets rose in response to softer-than-expected US inflation figures and the US Federal Reserve's most recent policy decision.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Indian stocks began at all-time highs on Thursday, boosted by strong buying across sectors and favourable global market indications. The benchmark Sensex rose over 500 points to 77,100, while the Nifty 50 gained more than half a percent to roughly 23,480.

Indian stocks began at all-time highs on Thursday, boosted by strong buying across sectors and favourable global market indications. The benchmark Sensex rose over 500 points to 77,100, while the Nifty 50 gained more than half a percent to roughly 23,480. Broader markets followed suit, with the Nifty Midcap 100 and Nifty Small Cap 100 indices rising by more than 0.5 percent to new highs. The Bank Nifty index also increased strongly, gaining 115 points to trade above 50,000. Sectoral indices performed well, with Nifty IT, Nifty Realty, Nifty Metals, Nifty Auto, Nifty PSU Bank, and Nifty Financial Services leading the gains. The only indices traded in the red were Nifty FMCG and Nifty Media. HDFC Life Insurance, LTI Mindtree, Divi's Laboratories, Shriram Finance, and Wipro were among the Nifty 50 components with the most gains. Tata Consumer Products, Britannia Industries, Hindustan Unilever, Cipla, and Eicher Motors were among the biggest losers. Positive global cues and favourable home economic indicators drove the rise. Asian and US stock markets rose in response to softer-than-expected US inflation figures and the US Federal Reserve's most recent policy decision. (With inputs from Agencies)

Indian shares surge to record highs on positive global cues

Indian shares began Wednesday on a good note, with the BSE Sensex and Nifty rising in early trading, boosted by strong gains in technology firms.<o:p></o:p>

The BSE Sensex jumped 506 points to 76,963, while the Nifty50 index gained 0.65 per cent to 23,417.<o:p></o:p>

Tech Mahindra, Tata Motors, HCL Tech, TCS, and Powergrid led the surge on the Sensex, while Bharti Airtel, Axis Bank, ICICI Bank, Asian Paints, and Ultratech Cement suffered losses.<o:p></o:p>

Meanwhile, on the Nifty 50, BPCL, Wipro, and LTIMindtree outperformed, while NTPC, Grasim Industries, and Titan fell.<o:p></o:p>

Broader indexes outperformed benchmarks, with the MidCap index rising 0.49 per cent and the SmallCap index increasing by 0.62 per cent.<o:p></o:p>

In terms of sector performance, Nifty IT, Nifty Media, and Nifty Oil and Gas all saw considerable gains, climbing 1.34 per cent, 1.05 per cent, and 0.97 per cent, respectively. Conversely, Nifty FMCG fell 0.28 per cent.<o:p></o:p>

Investors are also looking forward to India's inflation data, which is due later today. According to a Reuters poll, economists expect a modest increase to 4.89 per cent from 4.83 per cent in April.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Indian shares began Wednesday on a good note, with the BSE Sensex and Nifty rising in early trading, boosted by strong gains in technology firms. The BSE Sensex jumped 506 points to 76,963, while the Nifty50 index gained 0.

Indian shares began Wednesday on a good note, with the BSE Sensex and Nifty rising in early trading, boosted by strong gains in technology firms. The BSE Sensex jumped 506 points to 76,963, while the Nifty50 index gained 0.65 per cent to 23,417. Tech Mahindra, Tata Motors, HCL Tech, TCS, and Powergrid led the surge on the Sensex, while Bharti Airtel, Axis Bank, ICICI Bank, Asian Paints, and Ultratech Cement suffered losses. Meanwhile, on the Nifty 50, BPCL, Wipro, and LTIMindtree outperformed, while NTPC, Grasim Industries, and Titan fell. Broader indexes outperformed benchmarks, with the MidCap index rising 0.49 per cent and the SmallCap index increasing by 0.62 per cent. In terms of sector performance, Nifty IT, Nifty Media, and Nifty Oil and Gas all saw considerable gains, climbing 1.34 per cent, 1.05 per cent, and 0.97 per cent, respectively. Conversely, Nifty FMCG fell 0.28 per cent. Investors are also looking forward to India's inflation data, which is due later today. According to a Reuters poll, economists expect a modest increase to 4.89 per cent from 4.83 per cent in April. (With inputs from Agencies)

Indian stocks surge in early trade, tech shares lead gains

Investors can expect another wild ride this week. Political changes and important economic data take centre stage. Let’s look at some key cues to watch for next week

US inflation numbers

The release of the U.S. inflation numbers next week will be crucial for an understanding of the state of the economy and possible Fed moves around rate cuts. Fed remarks and inflation statistics could cause market anxiety. As investors react, expect stock prices and bond yields to fluctuate as well.

Performance of the S&amp;P 500

Despite the S&amp;P 500's tremendous gains this year, worries are growing over how concentrated those gains are in growth and tech firms. Relatively high price-to-earnings ratios are unsettling some analysts. Corporate earnings season continues, especially for those navigating economic uncertainties. The earnings report will be closely examined.&nbsp;

U.S. election heats up

Political uncertainty might amplify volatility in markets ahead of the presidential debate and election, particularly in industries like healthcare and energy.

Indian stock market on the rise

Indian stocks continue to defy global slowdown with stock indices touching new highs. After losing $386 billion on the election day, the markets have not only recovered, but touched new highs last week. Prime Minister Modi's oath-taking ceremony is a sign of political stability, but investors remain focused on the country's upcoming budget and monetary policy decisions.

Investors can expect another wild ride this week. Political changes and important economic data take centre stage. Let’s look at some key cues to watch for next week US inflation numbers The release of the U.

Investors can expect another wild ride this week. Political changes and important economic data take centre stage. Let’s look at some key cues to watch for next week US inflation numbers The release of the U.S. inflation numbers next week will be crucial for an understanding of the state of the economy and possible Fed moves around rate cuts. Fed remarks and inflation statistics could cause market anxiety. As investors react, expect stock prices and bond yields to fluctuate as well. Performance of the S&P 500 Despite the S&P 500's tremendous gains this year, worries are growing over how concentrated those gains are in growth and tech firms. Relatively high price-to-earnings ratios are unsettling some analysts. Corporate earnings season continues, especially for those navigating economic uncertainties. The earnings report will be closely examined. U.S. election heats up Political uncertainty might amplify volatility in markets ahead of the presidential debate and election, particularly in industries like healthcare and energy. Indian stock market on the rise Indian stocks continue to defy global slowdown with stock indices touching new highs. After losing $386 billion on the election day, the markets have not only recovered, but touched new highs last week. Prime Minister Modi's oath-taking ceremony is a sign of political stability, but investors remain focused on the country's upcoming budget and monetary policy decisions.

Global markets: Cues to watch

A decade ago, India's financial system faced instability and limited access to capital. On pollnomics today, we explore a remarkable turnaround. From cleaning up bad debt to empowering millions with bank accounts, India has undergone a financial transformation. Take a look at this report.

India empowers millions through basic bank accounts & digital payments

Strong government bonds reflect political stability. But will it hold true for India, a country on the brink of elections? India's recent inclusion in JP Morgan & Bloomberg's global emerging markets index reflects a positive step towards attaining its 'developed India' vision by 2047. This report delves into the possible advantages & challenges that await the world's largest democracy as it advances in the global markets. Watch to know more!

India's bond index inclusion spurs growth

The Indian stock market today is one of the most vibrant. It has a range of companies from Fortune 100 to small startups and now analysts think that Indian markets will outperform all of their peers.

Tracing India's stock market trajectory | World Business Watch Special

The World Wealth Report 2023 published recently by Capgemini highlights a significant decline in the number of High Net Worth Individuals (HNWIs) worldwide. This year's decline in both the number and wealth of HNWIs is the highest recorded in the past decade.

However, amidst this gloomy trend, the report offers positive news for India, emphasising the country's commendable stock market performance.

<h2>Key findings of the World Wealth Report 2023</h2>

The report reveals that the wealth of HNWIs dwindled over the past year due to various factors such as geopolitical crises, market downturns, rising living costs, and unexpected inflation. Global economic conditions have been impacted by central banks' increasing interest rates, adding further strain.

The corporate sector has experienced earnings setbacks, particularly affecting technology stocks.

<h2>Magnitude of decline in HNWIs’ wealth</h2>

According to the report, global HNWIs' wealth declined by 3.6 per cent&nbsp;to $83 trillion in 2022, marking the most significant dip&nbsp;between 2013 and 2022. Both diversified investment instruments and equity have experienced declines in HNWIs' wealth. Additionally, the number of HNWIs has also decreased by 3.3 per cent, reaching 21.7 million in 2022.

Also Read | <a href="https://www.wionews.com/world/san-francisco-nine-people-shot-at-in-yet-another-targeted-shooting-incident-602856">San Francisco: Nine people shot at in yet another 'targeted' shooting incident</a>

Notably, the steepest decline was observed in North America. In terms of affluents, North America (46%) and the Asia-Pacific region (32%) account for the largest share of global wealth value and population size.

<h2>Untapped potential in affluent segment</h2>

Despite holding approximately $27 trillion in assets, representing nearly 32% of total HNWI wealth, about34% of firms are not exploring the potential of this affluent segment, the report reveals.

<h2>Positive outlook for India</h2>

The report brings good news for India, as the country, along with Indonesia, had a successful year in the Asia Pacific region. India's stock market exhibited notable growth over the past year. The BSE Sensex recorded a year-on-year gain of 4.4%, while Nifty 50 gained 4.3%. Moreover, there has been a relative increase in both the wealth and population of HNWIs in India.

<h2>Indian HNWIs thrived: Report&nbsp;</h2>

Although the current year has witnessed a decline in HNWIs' wealth, the previous year's Capgemini report, based on 2021 data, highlighted a growth of 10.5% in the HNWI population in India.

Also Read | <a href="https://www.wionews.com/world/archbishop-of-canterbury-urges-anglican-church-of-uganda-to-reject-anti-lgbt-law-602861">Archbishop of Canterbury urges Anglican church of Uganda to reject anti-LGBT law</a>

This growth translated to a total of 308 Indians entering the ultra-rich category. Globally, in 2021, the number of HNWIs increased by 7.8% to 22.5 million, with an 8% rise in their overall wealth.

Watch | Exclusive inside view of the INS Hansa Goa, home to a wide-range fleet of Naval aircraft

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India's resilience in the face of global HNWI decline demonstrates the country's robust stock market performance and highlights its potential as a favorable destination for wealth creation and investment opportunities.

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The World Wealth Report 2023 published recently by Capgemini highlights a significant decline in the number of High Net Worth Individuals (HNWIs) worldwide. This year's decline in both the number and wealth of HNWIs is the highest recorded in the past decade.

The World Wealth Report 2023 published recently by Capgemini highlights a significant decline in the number of High Net Worth Individuals (HNWIs) worldwide. This year's decline in both the number and wealth of HNWIs is the highest recorded in the past decade. However, amidst this gloomy trend, the report offers positive news for India, emphasising the country's commendable stock market performance. Key findings of the World Wealth Report 2023 The report reveals that the wealth of HNWIs dwindled over the past year due to various factors such as geopolitical crises, market downturns, rising living costs, and unexpected inflation. Global economic conditions have been impacted by central banks' increasing interest rates, adding further strain. The corporate sector has experienced earnings setbacks, particularly affecting technology stocks. Magnitude of decline in HNWIs’ wealth According to the report, global HNWIs' wealth declined by 3.6 per cent to $83 trillion in 2022, marking the most significant dip between 2013 and 2022. Both diversified investment instruments and equity have experienced declines in HNWIs' wealth. Additionally, the number of HNWIs has also decreased by 3.3 per cent, reaching 21.7 million in 2022. Also Read | San Francisco: Nine people shot at in yet another 'targeted' shooting incident Notably, the steepest decline was observed in North America. In terms of affluents, North America (46%) and the Asia-Pacific region (32%) account for the largest share of global wealth value and population size. Untapped potential in affluent segment Despite holding approximately $27 trillion in assets, representing nearly 32% of total HNWI wealth, about34% of firms are not exploring the potential of this affluent segment, the report reveals. Positive outlook for India The report brings good news for India, as the country, along with Indonesia, had a successful year in the Asia Pacific region. India's stock market exhibited notable growth over the past year. The BSE Sensex recorded a year-on-year gain of 4.4%, while Nifty 50 gained 4.3%. Moreover, there has been a relative increase in both the wealth and population of HNWIs in India. Indian HNWIs thrived: Report Although the current year has witnessed a decline in HNWIs' wealth, the previous year's Capgemini report, based on 2021 data, highlighted a growth of 10.5% in the HNWI population in India. Also Read | Archbishop of Canterbury urges Anglican church of Uganda to reject anti-LGBT law This growth translated to a total of 308 Indians entering the ultra-rich category. Globally, in 2021, the number of HNWIs increased by 7.8% to 22.5 million, with an 8% rise in their overall wealth. Watch | Exclusive inside view of the INS Hansa Goa, home to a wide-range fleet of Naval aircraft × India's resilience in the face of global HNWI decline demonstrates the country's robust stock market performance and highlights its potential as a favorable destination for wealth creation and investment opportunities. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

World Wealth Report 2023: India’s stock market surged amid global declines, HNWIs grew against trend

Shares of Indian food delivery giant&nbsp;Zomato&nbsp;soared on its market debut Friday, following a 93.75 billion rupee ($1.3 billion) IPO, the country's biggest this year.

Around 30 Indian companies have announced plans to list shares this year, with start-ups attracting billions of dollars in investment even though many are yet to make a profit.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/indias-zomato-files-for-111-billion-ipo-as-food-delivery-surges-in-pandemic-381024">India's Zomato files for $1.11 billion IPO as food delivery surges in pandemic</a>

Zomato, which counts as a subsidiary of Chinese tycoon Jack Ma's Ant Group and Uber among its shareholders, dominates India's booming app-based food-delivery space alongside rival Swiggy.

Its shares debuted at 115 rupees on the Bombay Stock Exchange's Sensex Index, 51 per cent higher than its issue price after its IPO was subscribed 40.38 times at the end of last week.

The stock then rocketed up 80 per cent in the opening 10 minutes, taking&nbsp;Zomato's market capitalisation across the one trillion rupee mark.

India's economy has taken a battering during the pandemic, recording its worst annual recession since independence in 1947. But its start-up sector has been a rare bright spot.

This year alone, around 20 "unicorns", firms valued at more than a billion dollars, have been created, including half a dozen in four days in April.

Many are struggling to recruit qualified employees, with some reportedly offering incentives such as free motorbikes and tickets to cricket matches to lure talent.

This year is set to be India's best for IPOs. Others set to list include digital payments firm Paytm, backed by Japan's SoftBank and Ma.&nbsp;

Many of the start-ups, though, are loss-making.

Zomato&nbsp;for instance, which operates in 525 Indian cities, is yet to turn profitable and reported a loss of 8.16 billion rupees in the financial year ending March 2021.

"We are going to relentlessly focus on 10 years out and beyond, and are not going to alter our course for short-term profits at the cost of long-term success of the company,"&nbsp;Zomato's chief executive Deepinder Goyal said&nbsp;Friday.

Shares of Indian food delivery giant Zomato soared on its market debut Friday, following a 93.75 billion rupee ($1.3 billion) IPO, the country's biggest this year.

Shares of Indian food delivery giant Zomato soared on its market debut Friday, following a 93.75 billion rupee ($1.3 billion) IPO, the country's biggest this year. Around 30 Indian companies have announced plans to list shares this year, with start-ups attracting billions of dollars in investment even though many are yet to make a profit. Also read | India's Zomato files for $1.11 billion IPO as food delivery surges in pandemic Zomato, which counts as a subsidiary of Chinese tycoon Jack Ma's Ant Group and Uber among its shareholders, dominates India's booming app-based food-delivery space alongside rival Swiggy. Its shares debuted at 115 rupees on the Bombay Stock Exchange's Sensex Index, 51 per cent higher than its issue price after its IPO was subscribed 40.38 times at the end of last week. The stock then rocketed up 80 per cent in the opening 10 minutes, taking Zomato's market capitalisation across the one trillion rupee mark. India's economy has taken a battering during the pandemic, recording its worst annual recession since independence in 1947. But its start-up sector has been a rare bright spot. This year alone, around 20 "unicorns", firms valued at more than a billion dollars, have been created, including half a dozen in four days in April. Many are struggling to recruit qualified employees, with some reportedly offering incentives such as free motorbikes and tickets to cricket matches to lure talent. This year is set to be India's best for IPOs. Others set to list include digital payments firm Paytm, backed by Japan's SoftBank and Ma. Many of the start-ups, though, are loss-making. Zomato for instance, which operates in 525 Indian cities, is yet to turn profitable and reported a loss of 8.16 billion rupees in the financial year ending March 2021. "We are going to relentlessly focus on 10 years out and beyond, and are not going to alter our course for short-term profits at the cost of long-term success of the company," Zomato's chief executive Deepinder Goyal said Friday.

Frenzied appetite for India food delivery giant Zomato's IPO

Indian shares fell on Wednesday, tracking broader Asia as investors braced for prospects of prolonged political uncertainty in the United States after the launch of a formal impeachment inquiry against President Donald Trump.

Democrats in the US&nbsp;House of Representatives on Tuesday launched a formal <a href="https://www.wionews.com/business-economy/asian-markets-fall-as-impeachment-process-against-donald-trump-begins-251880">impeachment inquiry</a> into President Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year's election.

"After the news from the US, we might be on tenterhooks, but we as an economy do not have much to worry," said Gaurang Shah, senior vice president at Geojit Financial Services.

"The outcome remains to be seen."

Compounding investors' fears, Trump's remarks at the United Nations Assembly on Tuesday accused China of currency manipulation and intellectual property theft risked riling a tariff dispute that has embroiled global equities over the past year.

The broader NSE Nifty was down 0.64 per cent&nbsp;at 11,511.45, as of 0406 GMT, while the benchmark BSE Sensex fell 0.69 per cent to 38,818.06.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.82 per cent.

Public sector banks and autos led the losses in India, with the Nifty PSU Bank Index shedding 2.16 per cent, while the Nifty Auto Index declined 1.45 per cent.

State Bank of India, the country's biggest lender by assets, dropped 2.78 per cent and was among the top decliners on the blue-chip NSE Nifty, while Tata Motors fell 3.13 per cent.&nbsp;

Among gainers, Power Grid Corp rose 2.15 per cent, while Reliance Industries and Tata Consultancy Services, the country's top two most valuable companies, gained about 1 per cent&nbsp;each.

Indian shares fell on Wednesday, tracking broader Asia as investors braced for prospects of prolonged political uncertainty in the United States after the launch of a formal impeachment inquiry against President Donald Trump.

Indian shares fell on Wednesday, tracking broader Asia as investors braced for prospects of prolonged political uncertainty in the United States after the launch of a formal impeachment inquiry against President Donald Trump. Democrats in the US House of Representatives on Tuesday launched a formal impeachment inquiry into President Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year's election. "After the news from the US, we might be on tenterhooks, but we as an economy do not have much to worry," said Gaurang Shah, senior vice president at Geojit Financial Services. "The outcome remains to be seen." Compounding investors' fears, Trump's remarks at the United Nations Assembly on Tuesday accused China of currency manipulation and intellectual property theft risked riling a tariff dispute that has embroiled global equities over the past year. The broader NSE Nifty was down 0.64 per cent at 11,511.45, as of 0406 GMT, while the benchmark BSE Sensex fell 0.69 per cent to 38,818.06. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.82 per cent. Public sector banks and autos led the losses in India, with the Nifty PSU Bank Index shedding 2.16 per cent, while the Nifty Auto Index declined 1.45 per cent. State Bank of India, the country's biggest lender by assets, dropped 2.78 per cent and was among the top decliners on the blue-chip NSE Nifty, while Tata Motors fell 3.13 per cent. Among gainers, Power Grid Corp rose 2.15 per cent, while Reliance Industries and Tata Consultancy Services, the country's top two most valuable companies, gained about 1 per cent each.

Nifty, Sensex track broader Asia lower on US political worries

The benchmark BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,300 marks in early trade Thursday tracking weak cues from <a href="https://www.wionews.com/business-economy/wall-street-falls-as-investors-cautious-on-trade-intel-slides-217142">global markets</a> as US-China trade tiff continued to roil investor sentiment.

Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if the US raises tariffs on Chinese products.

The comments come after US President Donald Trump threatened to hike tariffs on $200 billion worth of goods earlier this week.&nbsp;

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading significantly lower in early trade.

Following suit, the 30-share index was trading 212.08 points, or 0.56 per cent, lower at 37,577.05.

Similarly, the broader NSE Nifty was down 63.15 points, or 0.56 per cent, at 11,296.30.

Among the top losers in the early session were RIL, NTPC, PowerGrid, Yes Bank, Tata Motors, HCL Tech, Bajaj Finance and HDFC twins, falling up to 2.60 per cent.

On the other hand, Infosys, TCS, Hero MotoCorp, SBI, L&amp;T and Maruti rose up to 1.44 per cent.

In the previous session on Wednesday, the BSE bourse plunged 487.50 points, or 1.27 per cent, to end at 37,789.13; while the broader Nifty sank 138.45 points, or 1,20 per cent, to 11,359.45.

Investor sentiment remained weak amid rising tension between the US and China, traders said, adding that sustained foreign fund outflow to the dampened market mood here.

Foreign institutional investors (FIIs) sold equity worth Rs 701.50 crore on Wednesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 232.95 crore, provisional data available with stock exchanges showed.

According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, the market is expected to remain volatile till any clarity emerges on the progress in US-China trade war and the election results in India.

On the currency front, the rupee depreciated 16 paise to 69.87 against the US dollar.

Brent crude futures, the global oil benchmark, were trading 0.75 per cent lower at $69.84 per barrel.

On Wall Street, S&amp;P500 and Nasdaq Composite indices ended lower on Wednesday.&nbsp;

The benchmark BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,300 marks in early trade Thursday tracking weak cues from global markets as US-China trade tiff continued to roil investor sentiment.

The benchmark BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,300 marks in early trade Thursday tracking weak cues from global markets as US-China trade tiff continued to roil investor sentiment. Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if the US raises tariffs on Chinese products. The comments come after US President Donald Trump threatened to hike tariffs on $200 billion worth of goods earlier this week. Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading significantly lower in early trade. Following suit, the 30-share index was trading 212.08 points, or 0.56 per cent, lower at 37,577.05. Similarly, the broader NSE Nifty was down 63.15 points, or 0.56 per cent, at 11,296.30. Among the top losers in the early session were RIL, NTPC, PowerGrid, Yes Bank, Tata Motors, HCL Tech, Bajaj Finance and HDFC twins, falling up to 2.60 per cent. On the other hand, Infosys, TCS, Hero MotoCorp, SBI, L&T and Maruti rose up to 1.44 per cent. In the previous session on Wednesday, the BSE bourse plunged 487.50 points, or 1.27 per cent, to end at 37,789.13; while the broader Nifty sank 138.45 points, or 1,20 per cent, to 11,359.45. Investor sentiment remained weak amid rising tension between the US and China, traders said, adding that sustained foreign fund outflow to the dampened market mood here. Foreign institutional investors (FIIs) sold equity worth Rs 701.50 crore on Wednesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 232.95 crore, provisional data available with stock exchanges showed. According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, the market is expected to remain volatile till any clarity emerges on the progress in US-China trade war and the election results in India. On the currency front, the rupee depreciated 16 paise to 69.87 against the US dollar. Brent crude futures, the global oil benchmark, were trading 0.75 per cent lower at $69.84 per barrel. On Wall Street, S&P500 and Nasdaq Composite indices ended lower on Wednesday.

Sensex falls over 200 points as US-China tensions roil global markets

Stock markets opened on a subdued note on the first trading day of 2018, with the benchmark BSE Sensex declining over 18 points in early trade on profit-booking after recent gains.

The 30-share index, which had gained 208.80 points in the previous session, fell 18.19 points, or 0.05 per cent, to 34,038.64 in early trade on Monday.

Technology, power and metal stocks were leading the fall in early trade.

Major losers were Wipro, Hindustan Unilever, TCS, NTPC, HDFC Ltd, ICICI Bank, Hero MotoCorp and Bajaj Auto, falling up to 0.88 per cent.

However, L&amp;T, SBI, Bharti Airtel, Tata Motors, ITC Ltd, Sun Pharma, Maruti Suzuki, Infosys and Asian Paint were trading in the positive zone.

The broad-based NSE Nifty was down 12.70 points, or 0.12 per cent, to 10,518.

Traders said profit-booking emerged in stocks that logged gains recently in absence of cues from other Asian markets that were closed for public holiday today.

The US Dow Jones Industrial Average closed 0.48 per cent down on the final day of 2017 on Friday.

The 30-share index, which had gained 208.80 points in the previous session, fell 18.19 points, or 0.05 per cent, to 34,038.64 in early trade on Monday.

Stock markets opened on a subdued note on the first trading day of 2018, with the benchmark BSE Sensex declining over 18 points in early trade on profit-booking after recent gains. The 30-share index, which had gained 208.80 points in the previous session, fell 18.19 points, or 0.05 per cent, to 34,038.64 in early trade on Monday. Technology, power and metal stocks were leading the fall in early trade. Major losers were Wipro, Hindustan Unilever, TCS, NTPC, HDFC Ltd, ICICI Bank, Hero MotoCorp and Bajaj Auto, falling up to 0.88 per cent. However, L&T, SBI, Bharti Airtel, Tata Motors, ITC Ltd, Sun Pharma, Maruti Suzuki, Infosys and Asian Paint were trading in the positive zone. The broad-based NSE Nifty was down 12.70 points, or 0.12 per cent, to 10,518. Traders said profit-booking emerged in stocks that logged gains recently in absence of cues from other Asian markets that were closed for public holiday today. The US Dow Jones Industrial Average closed 0.48 per cent down on the final day of 2017 on Friday.

Sensex begins 2018 on negative note, down 18 points