Indian markets continued dominant run on Thursday with Sensex closing at a record level of 40,653.74 and NSE Nifty ending a tad over the 12000-mark.

Earlier on Wednesday, markets made a strong comeback after finance minister Nirmala Sitharaman announced the approval of Rs 25,000 crore package to revive stalled housing projects.

During the day, BSE Sensex gained 183.9 points or 0.45 per cent to close at 40,653.74 while NSE Nifty rose 46 points or 0.38 per cent to end with 12,012 points.&nbsp;

Sun Pharma was the biggest gainer in the Sensex with a rise of 3.5 per cent in the share value after reporting a quarterly profit&nbsp;of Rs 1064 crore. IndusInd Bank, Asian Paints, Reliance, ITC, HDFC, HDFC Bank, and Infosys were the other winners in the 30-share index.

The impact of Centre's package to the real estate sector was felt on NSE Nifty as the share value of Sobha Ltd and Prestige Estates Projects, Phoenix Mills and Indiabulls Real Estate Limited rose.

Sensex's latest high meant that it ended green in nine out of the last ten sessions due to factors such as better than expected quarterly figures, corporate tax cuts and measures taken by the government to boost Indian economy.

(With inputs from agencies)

Indian markets continued dominant run on Thursday with Sensex closing at a record level of 40,653.74 and NSE Nifty ending a tad over the 12000-mark. Earlier on Wednesday, markets made a strong comeback after finance minister Nirmala Sitharaman announced the approval of Rs 25,000 crore package to revive stalled housing projects.

Indian markets continued dominant run on Thursday with Sensex closing at a record level of 40,653.74 and NSE Nifty ending a tad over the 12000-mark. Earlier on Wednesday, markets made a strong comeback after finance minister Nirmala Sitharaman announced the approval of Rs 25,000 crore package to revive stalled housing projects. During the day, BSE Sensex gained 183.9 points or 0.45 per cent to close at 40,653.74 while NSE Nifty rose 46 points or 0.38 per cent to end with 12,012 points. Sun Pharma was the biggest gainer in the Sensex with a rise of 3.5 per cent in the share value after reporting a quarterly profit of Rs 1064 crore. IndusInd Bank, Asian Paints, Reliance, ITC, HDFC, HDFC Bank, and Infosys were the other winners in the 30-share index. The impact of Centre's package to the real estate sector was felt on NSE Nifty as the share value of Sobha Ltd and Prestige Estates Projects, Phoenix Mills and Indiabulls Real Estate Limited rose. Sensex's latest high meant that it ended green in nine out of the last ten sessions due to factors such as better than expected quarterly figures, corporate tax cuts and measures taken by the government to boost Indian economy. (With inputs from agencies)

Indian markets continue strong run as Sensex closes at record high

Equity indices pulled back during early hours on Wednesday 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.

Sectoral indices at the National Stock Exchange were mixed with Nifty realty gaining 2.4 points and pharma by 1.4 points. Nifty auto lost by 0.5 per cent and private bank by 0.4 per cent.

Among stocks, Titan tumbled by 7.8 per cent to Rs 1,182.85 per share. Bharti Infratel, Bharti Airtel, HCL Technologies and Axis Bank too were in the red.

Among the gainers were pharma majors like Cipla, Dr Reddy's and Sun Pharma besides Yes Bank, Mahindra &amp; Mahindra, Tech Mahindra, Coal India and Bharat Petroleum Corporation.

Meanwhile, Asian shares were little changed as investors awaited new developments toward scaling back a protracted trade war between the United States and China.

MSCI's broadest index of Asia Pacific shares outside Japan was unchanged while Japan's Nikkei stock index rose by 0.35 per cent. Hong Kong's Hang Seng was down by 0.08 per cent and South Korea's Kospi by 0.02 per cent. 
 
&nbsp;

Equity indices pulled back during early hours on Wednesday in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks.

Equity indices pulled back during early hours on Wednesday 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. Sectoral indices at the National Stock Exchange were mixed with Nifty realty gaining 2.4 points and pharma by 1.4 points. Nifty auto lost by 0.5 per cent and private bank by 0.4 per cent. Among stocks, Titan tumbled by 7.8 per cent to Rs 1,182.85 per share. Bharti Infratel, Bharti Airtel, HCL Technologies and Axis Bank too were in the red. Among the gainers were pharma majors like Cipla, Dr Reddy's and Sun Pharma besides Yes Bank, Mahindra & Mahindra, Tech Mahindra, Coal India and Bharat Petroleum Corporation. Meanwhile, Asian shares were little changed as investors awaited new developments toward scaling back a protracted trade war between the United States and China. MSCI's broadest index of Asia Pacific shares outside Japan was unchanged while Japan's Nikkei stock index rose by 0.35 per cent. Hong Kong's Hang Seng was down by 0.08 per cent and South Korea's Kospi by 0.02 per cent.

Sensex, Nifty fall in early trade, Asian shares little changed

Domestic Stock markets on Wednesday experienced a fresh high with the strong inflow of foreign funds and positivity in select stocks.

The BSE S&amp;P Sensex closed 222 points or 0.55 per cent higher at 40,470 while the Nifty 50 moved up by 44 points to 11,961.

ICICI Bank was the biggest gainer with a rise of 2.64 per cent. Infosys, IndusInd Bank, HDFC Bank, HDFC, Tata Motors and Axis Bank were the other major earners in the day. Bajaj Auto, M&amp;M, TCS, ITC and Maruti among others suffered a loss on Wednesday's trade. Cipla Ltd was the top gainer on NSE Nifty.

Individually, Titan Company witnessed a sharp fall of 10 per cent in its share value after the company reported a slight fall in quarterly earnings and cut its revenue guidance to 11%-13% on-year growth for the second half of 2020 from 20%.&nbsp;

Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector.

Meanwhile, Asian shares were little changed as investors awaited new developments toward scaling back a protracted trade war between the United States and China. Japan's Nikkei stock index rose by 0.22 per cent, Hong Kong's Hang Seng by 0.02 per cent and South Korea`s Kospi by 0.07 per cent.

(With inputs from agencies)

Domestic Stock markets on Wednesday experienced a fresh high with the strong inflow of foreign funds and positivity in select stocks. The BSE S&P Sensex closed 222 points or 0.

Domestic Stock markets on Wednesday experienced a fresh high with the strong inflow of foreign funds and positivity in select stocks. The BSE S&P Sensex closed 222 points or 0.55 per cent higher at 40,470 while the Nifty 50 moved up by 44 points to 11,961. ICICI Bank was the biggest gainer with a rise of 2.64 per cent. Infosys, IndusInd Bank, HDFC Bank, HDFC, Tata Motors and Axis Bank were the other major earners in the day. Bajaj Auto, M&M, TCS, ITC and Maruti among others suffered a loss on Wednesday's trade. Cipla Ltd was the top gainer on NSE Nifty. Individually, Titan Company witnessed a sharp fall of 10 per cent in its share value after the company reported a slight fall in quarterly earnings and cut its revenue guidance to 11%-13% on-year growth for the second half of 2020 from 20%. Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector. Meanwhile, Asian shares were little changed as investors awaited new developments toward scaling back a protracted trade war between the United States and China. Japan's Nikkei stock index rose by 0.22 per cent, Hong Kong's Hang Seng by 0.02 per cent and South Korea`s Kospi by 0.07 per cent. (With inputs from agencies)

Stock markets roar as Sensex ends at record high of 40,670

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

Indian shares extended gains seen through the week on Friday, as a raft of strong earnings raised expectations of a better December quarter.

Broader Asian shares reversed early losses with MSCI`s broadest index of Asia-Pacific shares outside Japan inching up 0.16 per cent&nbsp;after a surprise bounce in Chinese manufacturing activity boosted investor sentiment.

In domestic markets, the broader NSE index&nbsp;was up 0.23 per cent&nbsp;at 11,904.05 as of 0405 GMT, while the benchmark BSE index&nbsp;was 0.25 per cent&nbsp;higher at 40,219.86.

Indian shares have seen steady gains in the last few sessions buoyed by positive global cues, a strong set of corporate results and expectations of a better third quarter.

The Nifty Media index&nbsp;rose as much as 3.49 per cent, gaining the most among the 14 sectoral NSE indexes.

The Nifty PSU Bank index, which tracks the country`s state-run lenders, rose as much as 0.83 per cent, with shares of Central Bank of India rising nearly 6 per cent.

"Today is the first day of the new derivative segment and we have had one of the best months in the last four months, so that positivity has continued," said A.K. Prabhakar, head of research at IDBI Capital in Mumbai.

Auto stocks will be in focus on Friday as automakers are set to report their monthly sales data. The Nifty Auto index&nbsp;inched up 0.24 per cent&nbsp;in early trade.

Shares of lender Yes Bank Ltd were flat ahead of quarterly results announcement.

State-owned oil retailer<a href="https://www.wionews.com/business-economy/indian-oil-profit-tanks-83-as-refining-margins-shrink-259071"> Indian Oil Corporation</a> Ltd slipped as much as 4.22 per cent&nbsp;and was the biggest loser on the NSE index after the refiner recorded an 83 per cent&nbsp;slide in quarterly profit.

Meanwhile, India`s fiscal deficit in the six months through September approached 93 per cent&nbsp;of the target for the full year, limiting the scope for Prime Minister Narendra Modi to consider more tax cuts to boost economic growth.

Indian shares extended gains seen through the week on Friday, as a raft of strong earnings raised expectations of a better December quarter. Broader Asian shares reversed early losses with MSCI`s broadest index of Asia-Pacific shares outside Japan inching up 0.

Indian shares extended gains seen through the week on Friday, as a raft of strong earnings raised expectations of a better December quarter. Broader Asian shares reversed early losses with MSCI`s broadest index of Asia-Pacific shares outside Japan inching up 0.16 per cent after a surprise bounce in Chinese manufacturing activity boosted investor sentiment. In domestic markets, the broader NSE index was up 0.23 per cent at 11,904.05 as of 0405 GMT, while the benchmark BSE index was 0.25 per cent higher at 40,219.86. Indian shares have seen steady gains in the last few sessions buoyed by positive global cues, a strong set of corporate results and expectations of a better third quarter. The Nifty Media index rose as much as 3.49 per cent, gaining the most among the 14 sectoral NSE indexes. The Nifty PSU Bank index, which tracks the country`s state-run lenders, rose as much as 0.83 per cent, with shares of Central Bank of India rising nearly 6 per cent. "Today is the first day of the new derivative segment and we have had one of the best months in the last four months, so that positivity has continued," said A.K. Prabhakar, head of research at IDBI Capital in Mumbai. Auto stocks will be in focus on Friday as automakers are set to report their monthly sales data. The Nifty Auto index inched up 0.24 per cent in early trade. Shares of lender Yes Bank Ltd were flat ahead of quarterly results announcement. State-owned oil retailer Indian Oil Corporation Ltd slipped as much as 4.22 per cent and was the biggest loser on the NSE index after the refiner recorded an 83 per cent slide in quarterly profit. Meanwhile, India`s fiscal deficit in the six months through September approached 93 per cent of the target for the full year, limiting the scope for Prime Minister Narendra Modi to consider more tax cuts to boost economic growth.

Nifty, Sensex extend gains, Indian Oil Corporation drops after weak results

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

Indian shares closed a tick higher on Wednesday, led by gains in auto and IT stocks, as investors paused to study trends from corporate results before placing fresh bets.

The broader Nifty ended 0.14 per cent&nbsp;higher at 11,604.10, while the benchmark BSE Sensex finished up 0.24 per cent&nbsp;at 39,058.83.

Shares of Infosys Ltd reversed losses to settle over 1 per cent&nbsp;higher. The IT services major is investigating whistleblower claims accusing its top two executives of "unethical practices".

HCL Technologies Ltd was the top percentage gainer on the Nifty. The IT firm is due to post quarterly results later in the day.

Eicher Motors Ltd and Maruti Suzuki India Ltd were among the top three gainers on NSE, adding 2.71 per cent&nbsp;and 2.54 per cent, respectively.

Maruti Suzuki India will report its quarterly results on Thursday.

Meanwhile, Adani Ports and Special Economic Zone Ltd fell the most on the bluechip index, tumbling over 6 per cent. 
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Indian shares closed a tick higher on Wednesday, led by gains in auto and IT stocks, as investors paused to study trends from corporate results before placing fresh bets.

Indian shares closed a tick higher on Wednesday, led by gains in auto and IT stocks, as investors paused to study trends from corporate results before placing fresh bets. The broader Nifty ended 0.14 per cent higher at 11,604.10, while the benchmark BSE Sensex finished up 0.24 per cent at 39,058.83. Shares of Infosys Ltd reversed losses to settle over 1 per cent higher. The IT services major is investigating whistleblower claims accusing its top two executives of "unethical practices". HCL Technologies Ltd was the top percentage gainer on the Nifty. The IT firm is due to post quarterly results later in the day. Eicher Motors Ltd and Maruti Suzuki India Ltd were among the top three gainers on NSE, adding 2.71 per cent and 2.54 per cent, respectively. Maruti Suzuki India will report its quarterly results on Thursday. Meanwhile, Adani Ports and Special Economic Zone Ltd fell the most on the bluechip index, tumbling over 6 per cent.

Sensex, Nifty eke out gains; Infosys recovers to end higher

Indian shares closed down on Tuesday, dragged by a sharp fall in Infosys stock, while weak earnings from a raft of companies further dented investor sentiment.

Infosys dived nearly 17 per cent and was the biggest drag on the NSE index, as the country's No. 2 software services firm said it was investigating whistleblower claims accusing its top two executives of "unethical practices" to boost short-term profit.

The broader Nifty ended 0.63 per cent lower at 11,588.35, while the benchmark BSE Sensex closed down 0.85 per cent at 38,963.84.

Only 2 out of 10 stocks on the Nifty IT index ended higher. The index closed 4.68 per cent lower.

Shares of air conditioning parts manufacturer, Subros Ltd, slid as much as 7 per cent to its lowest in nearly five weeks after the company posted a drop in quarterly net profit.

Shares of ICICI Bank Ltd and Dr. Reddy's Laboratories Ltd were among the top gainers on the NSE index, closing up 3.05 per cent and 3.15 per cent, respectively.

Indian shares closed down on Tuesday, dragged by a sharp fall in Infosys stock, while weak earnings from a raft of companies further dented investor sentiment. Infosys dived nearly 17 per cent and was the biggest drag on the NSE index, as the country's No.

Indian shares closed down on Tuesday, dragged by a sharp fall in Infosys stock, while weak earnings from a raft of companies further dented investor sentiment. Infosys dived nearly 17 per cent and was the biggest drag on the NSE index, as the country's No. 2 software services firm said it was investigating whistleblower claims accusing its top two executives of "unethical practices" to boost short-term profit. The broader Nifty ended 0.63 per cent lower at 11,588.35, while the benchmark BSE Sensex closed down 0.85 per cent at 38,963.84. Only 2 out of 10 stocks on the Nifty IT index ended higher. The index closed 4.68 per cent lower. Shares of air conditioning parts manufacturer, Subros Ltd, slid as much as 7 per cent to its lowest in nearly five weeks after the company posted a drop in quarterly net profit. Shares of ICICI Bank Ltd and Dr. Reddy's Laboratories Ltd were among the top gainers on the NSE index, closing up 3.05 per cent and 3.15 per cent, respectively.

Sensex, Nifty end lower as Infosys crashes

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

Indian shares were higher on Tuesday, as investors hoped for further rate cuts from the central bank to tackle the economic slowdown amid a rise in inflation during the last month.

The broader NSE Nifty was up 0.28% at 11,371.35 as of 0413 GMT, while the benchmark BSE Sensex rose 0.3% at 38,328.28.

Annual retail inflation rose to 3.99% in last month, driven by higher food prices, up sharply compared with 3.21% in August and higher than the 3.70% forecast in a Reuters poll of analysts.

However, economists said GDP growth could fall as low as 5.8%, dragged down by a slump in consumer demand and investment, encouraging the Reserve Bank of India (RBI) to cut rates for the sixth consecutive time at its next meeting in December.

"With growth numbers remaining fairly weak we expect RBI to continue with its rate cuts," said Shubhada Rao, chief economist at Yes Bank. "For remaining FY20, we expect 25-40 bps of rate cut."

Consumer stocks led gains after sector heavyweight Hindustan Unilever's (HUL) September-quarter earnings beat expectations, despite the company flagging near-term woes in the rural market.

HUL was up about 1% and the Nifty fast-moving consumer goods index rose 0.5%.

Oil marketing companies Indian Oil Corp and Bharat Petroleum Corp were up 1% and 2%, respectively, and topped the blue-chip gainers on the Nifty index due to favourable oil prices.

Crude fell after weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-Sino trade deal announced by U.S. President Donald Trump last week.

Among losers, Infosys continued to fall for a second session and shed about 2% after its September-quarter earnings underscored the spending squeeze among Western clients for the company and the country's $180 billion information technology sector at large.

Indian shares were higher on Tuesday, as investors hoped for further rate cuts from the central bank to tackle the economic slowdown amid a rise in inflation during the last month.

Indian shares were higher on Tuesday, as investors hoped for further rate cuts from the central bank to tackle the economic slowdown amid a rise in inflation during the last month. The broader NSE Nifty was up 0.28% at 11,371.35 as of 0413 GMT, while the benchmark BSE Sensex rose 0.3% at 38,328.28. Annual retail inflation rose to 3.99% in last month, driven by higher food prices, up sharply compared with 3.21% in August and higher than the 3.70% forecast in a Reuters poll of analysts. However, economists said GDP growth could fall as low as 5.8%, dragged down by a slump in consumer demand and investment, encouraging the Reserve Bank of India (RBI) to cut rates for the sixth consecutive time at its next meeting in December. "With growth numbers remaining fairly weak we expect RBI to continue with its rate cuts," said Shubhada Rao, chief economist at Yes Bank. "For remaining FY20, we expect 25-40 bps of rate cut." Consumer stocks led gains after sector heavyweight Hindustan Unilever's (HUL) September-quarter earnings beat expectations, despite the company flagging near-term woes in the rural market. HUL was up about 1% and the Nifty fast-moving consumer goods index rose 0.5%. Oil marketing companies Indian Oil Corp and Bharat Petroleum Corp were up 1% and 2%, respectively, and topped the blue-chip gainers on the Nifty index due to favourable oil prices. Crude fell after weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-Sino trade deal announced by U.S. President Donald Trump last week. Among losers, Infosys continued to fall for a second session and shed about 2% after its September-quarter earnings underscored the spending squeeze among Western clients for the company and the country's $180 billion information technology sector at large.

Nifty, Sensex edge higher; Hindustan Unilever rises after upbeat earnings

Indian shares edged higher on Monday ahead of the release of key inflation data, while broader Asian peers rose on optimism from the positive tone of the Sino-US trade talks.

The broader NSE Nifty rose 0.27% at 11,336.70 as of 0415 GMT, while the benchmark BSE Sensex was up 0.24% at 38,211.46.

Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts because it's expected to remain below the Reserve Bank of India's target, according to a Reuters poll.

However, India's industrial output shrank at its fastest rate in more than six years in August, reflecting the impact of an economic slowdown.

India's growth has been plagued by a drop in demand and flooding due to above-normal monsoon, Barclays analyst Rahul Bajoria said, but indicated that there could be a bounce-back in the second half of the year.

"The case remains strong for further support to aggregate demand, and the household sector in particular," Bajoria wrote in a note.

Metal stocks led gains as the Nifty metals rose about 1.1% as commodity prices rose due to the progress in the Sino-US trade talks.

Meanwhile, IT shares fell as India's No. 2 software exporter Infosys Ltd reported a September-quarter profit that could only meet expectations on Friday, signalling a tricky macroeconomic environment for the sector

Infosys results came after a below-par showing from larger rival Tata Consultancy Services a day earlier.

Infosys shares fell 3.44%, dragging the Nifty IT index 1%.

Meanwhile, broader Asian peers rose as US President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, though officials on both sides said much more work needed to be done.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.5%.

Indian shares edged higher on Monday ahead of the release of key inflation data, while broader Asian peers rose on optimism from the positive tone of the Sino-US trade talks.

Indian shares edged higher on Monday ahead of the release of key inflation data, while broader Asian peers rose on optimism from the positive tone of the Sino-US trade talks. The broader NSE Nifty rose 0.27% at 11,336.70 as of 0415 GMT, while the benchmark BSE Sensex was up 0.24% at 38,211.46. Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts because it's expected to remain below the Reserve Bank of India's target, according to a Reuters poll. However, India's industrial output shrank at its fastest rate in more than six years in August, reflecting the impact of an economic slowdown. India's growth has been plagued by a drop in demand and flooding due to above-normal monsoon, Barclays analyst Rahul Bajoria said, but indicated that there could be a bounce-back in the second half of the year. "The case remains strong for further support to aggregate demand, and the household sector in particular," Bajoria wrote in a note. Metal stocks led gains as the Nifty metals rose about 1.1% as commodity prices rose due to the progress in the Sino-US trade talks. Meanwhile, IT shares fell as India's No. 2 software exporter Infosys Ltd reported a September-quarter profit that could only meet expectations on Friday, signalling a tricky macroeconomic environment for the sector Infosys results came after a below-par showing from larger rival Tata Consultancy Services a day earlier. Infosys shares fell 3.44%, dragging the Nifty IT index 1%. Meanwhile, broader Asian peers rose as US President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, though officials on both sides said much more work needed to be done. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.5%.

Sensex, Nifty rise ahead of inflation data; Infosys drops

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. 
&nbsp;

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%

Indian markets closed lower on Thursday, led by a sharp drop in banking shares, while investors awaited a raft of second-quarter corporate earnings including that of Tata Consultancy Services Ltd (TCS) due later in the day.

Software services firm TCS, the second-largest Indian company by market value, is scheduled to report its September-quarter results later in the day, while its industry peer Infosys Ltd will announce results on Friday.

The broader NSE Nifty ended 0.70% lower at 11,234.55, while the benchmark BSE Sensex closed down 0.78% at 37,880.

All stocks in the Nifty bank index ended in the red, and the index closed 2.68% lower.

Shares in Indiabulls Housing Finance Ltd dived 18.5% after hitting a near six-year low as the Reserve Bank of India (RBI) blocked its proposed merger with Lakshmi Vilas Bank.

The central bank's move represented the latest in a series of negative headlines for India's banking industry, that is struggling with a mountain of bad debt.

India's finance minister Nirmala Sitharaman said on Thursday the government would consider passing stricter laws to curb malpractices at co-operative banks.

The finance minister's announcement came in weeks after allegations of fraud at Mumbai-based Punjab and Maharashtra Co-operative Bank rocked India's banking industry, denting investor confidence in an already troubled sector.

Meanwhile, telecom stocks gained after Reliance Jio announced plans to charge customers for calls made through its network to other operators, a move analysts said could lead to higher industry prices and revenues.

Jio's rivals Bharti Airtel Ltd and Vodafone Idea Ltd ended up 5% and 6%, respectively. Shares in Grasim Industries Ltd, the top shareholder in Vodafone Idea, closed 3.9% firmer.

Indian markets closed lower on Thursday, led by a sharp drop in banking shares, while investors awaited a raft of second-quarter corporate earnings including that of Tata Consultancy Services Ltd (TCS) due later in the day.

Indian markets closed lower on Thursday, led by a sharp drop in banking shares, while investors awaited a raft of second-quarter corporate earnings including that of Tata Consultancy Services Ltd (TCS) due later in the day. Software services firm TCS, the second-largest Indian company by market value, is scheduled to report its September-quarter results later in the day, while its industry peer Infosys Ltd will announce results on Friday. The broader NSE Nifty ended 0.70% lower at 11,234.55, while the benchmark BSE Sensex closed down 0.78% at 37,880. All stocks in the Nifty bank index ended in the red, and the index closed 2.68% lower. Shares in Indiabulls Housing Finance Ltd dived 18.5% after hitting a near six-year low as the Reserve Bank of India (RBI) blocked its proposed merger with Lakshmi Vilas Bank. The central bank's move represented the latest in a series of negative headlines for India's banking industry, that is struggling with a mountain of bad debt. India's finance minister Nirmala Sitharaman said on Thursday the government would consider passing stricter laws to curb malpractices at co-operative banks. The finance minister's announcement came in weeks after allegations of fraud at Mumbai-based Punjab and Maharashtra Co-operative Bank rocked India's banking industry, denting investor confidence in an already troubled sector. Meanwhile, telecom stocks gained after Reliance Jio announced plans to charge customers for calls made through its network to other operators, a move analysts said could lead to higher industry prices and revenues. Jio's rivals Bharti Airtel Ltd and Vodafone Idea Ltd ended up 5% and 6%, respectively. Shares in Grasim Industries Ltd, the top shareholder in Vodafone Idea, closed 3.9% firmer.

Sensex, Nifty end lower as banks slump; earnings in focus

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results.

Broader Asian peers fell the most in a week as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

High-level talks between the world's top two economies on trade are due to resume on Thursday. The negotiations, which have been the global markets' most important catalyst for months, have weighed on investor sentiment.

The broader NSE Nifty was down 0.16% at 11,108.40, as of 0440 GMT, while the benchmark BSE Sensex was 0.17% weaker at 34,467.77.

Company earnings for the year ending March 2020 are expected to receive a boost after the Indian government moved to slash corporate taxes last month to 22% from 30%.

"People are waiting for the start of the Q2 results," said Vinod Nair, head of research at Geojit Financial in Kochi, referring to the fiscal second quarter ended Sept. 30.

"Because of the tax cuts, the prospects for earnings growth look very good," he said.

Financial results from Tata Consultancy Services Ltd are expected on Thursday, marking the start of the quarterly results season.

The biggest laggards in the NSE Nifty were Yes Bank Ltd and Titan Co Ltd.

Yes Bank's shares, which have been volatile over the past few weeks amid stake sales by the lender's promoters and concerns over its exposure to troubled real estate firms, dropped 7.9%.

Titan dived 5.2% after the watch and jewellery maker flagged lean sales and said its managing director of 17 years would step down.

Ultratech Cement Ltd was the top gainer in the NSE Nifty with a 2.5% rise.

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results.

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results. Broader Asian peers fell the most in a week as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. High-level talks between the world's top two economies on trade are due to resume on Thursday. The negotiations, which have been the global markets' most important catalyst for months, have weighed on investor sentiment. The broader NSE Nifty was down 0.16% at 11,108.40, as of 0440 GMT, while the benchmark BSE Sensex was 0.17% weaker at 34,467.77. Company earnings for the year ending March 2020 are expected to receive a boost after the Indian government moved to slash corporate taxes last month to 22% from 30%. "People are waiting for the start of the Q2 results," said Vinod Nair, head of research at Geojit Financial in Kochi, referring to the fiscal second quarter ended Sept. 30. "Because of the tax cuts, the prospects for earnings growth look very good," he said. Financial results from Tata Consultancy Services Ltd are expected on Thursday, marking the start of the quarterly results season. The biggest laggards in the NSE Nifty were Yes Bank Ltd and Titan Co Ltd. Yes Bank's shares, which have been volatile over the past few weeks amid stake sales by the lender's promoters and concerns over its exposure to troubled real estate firms, dropped 7.9%. Titan dived 5.2% after the watch and jewellery maker flagged lean sales and said its managing director of 17 years would step down. Ultratech Cement Ltd was the top gainer in the NSE Nifty with a 2.5% rise.

Sensex, Nifty flat as investors eye second-quarter results; Yes Bank, Titan drop

Indian shares wobbled on Monday as prospects of slower domestic economic growth offset optimism stemming from strong US unemployment data that sent Asian peers higher.

The broader NSE Nifty was up 0.24% at 11,201.70, as of 0429 GMT, while the benchmark BSE Sensex rose 0.36% at 38,804.17.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.18% after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy.

Back home, the Reserve Bank of India (RBI) on Friday cut its real GDP growth forecast for 2019-20 to 6.1% from a prior projection of 6.9% as it reduced the policy interest rates by 25 basis points.

"The RBI's cutting down of growth forecast meant that even the (central) bank is not very hopeful of a big turnaround in growth," said Deepak Jasani, head of Retail Research at HDFC Securities.

Yes Bank shares gained as much as 9% after Mint reported the bank was wooing tech giant Microsoft Corp as a strategic investor, while another daily Business Standard said the lender was planning a $1 billion rights issue by December.

Oil marketing companies Bharat Petroleum Corp fell 2.6%, while Indian Oil Corp was down as much as 2.81%.

Among sectors, the NSE media index was the top drag, shedding 2.63%, as heavyweight Zee Entertainment Enterprises fell as much as 14.17%.

Indian shares wobbled on Monday as prospects of slower domestic economic growth offset optimism stemming from strong US unemployment data that sent Asian peers higher.

Indian shares wobbled on Monday as prospects of slower domestic economic growth offset optimism stemming from strong US unemployment data that sent Asian peers higher. The broader NSE Nifty was up 0.24% at 11,201.70, as of 0429 GMT, while the benchmark BSE Sensex rose 0.36% at 38,804.17. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.18% after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy. Back home, the Reserve Bank of India (RBI) on Friday cut its real GDP growth forecast for 2019-20 to 6.1% from a prior projection of 6.9% as it reduced the policy interest rates by 25 basis points. "The RBI's cutting down of growth forecast meant that even the (central) bank is not very hopeful of a big turnaround in growth," said Deepak Jasani, head of Retail Research at HDFC Securities. Yes Bank shares gained as much as 9% after Mint reported the bank was wooing tech giant Microsoft Corp as a strategic investor, while another daily Business Standard said the lender was planning a $1 billion rights issue by December. Oil marketing companies Bharat Petroleum Corp fell 2.6%, while Indian Oil Corp was down as much as 2.81%. Among sectors, the NSE media index was the top drag, shedding 2.63%, as heavyweight Zee Entertainment Enterprises fell as much as 14.17%.

Sensex up by 200 points, Nifty over 11,000

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

The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.1 per cent for the current financial year.

The BSE S&amp;P Sensex closed 434 points or 1.14 per cent lower at 37,673, while the Nifty 50 was down by 139 points or 1.23 per cent to 11,175.

The RBI cut repo rate by 25 basis points to 5.15 per cent, bringing the cumulative reduction in interest rate of 135 basis points for this calendar year.

However, it also lowered the GDP growth forecast to 6.1 per cent for FY20 from 6.9 per cent earlier.

With the latest central bank move, investors appeared unsure if it is sufficient to support the flagging consumer demand amid slowing economic output, rising unemployment rate and low business confidence.

Except for IT, all sectoral indices at the National Stock Exchange were in the red. Nifty Bank fell by 2.4 per cent, financial service by 1.9 per cent, FMCG by 1.5 per cent and metal by 1.2 per cent.

Among stocks, Grasim tumbled by 4.2 per cent, UltraTech Cements by 4 per cent, JSW Steel by 3.8 per cent and Titan by 3.4 per cent. The other prominent losers included private lenders like Kotak Mahindra Bank, ICICI Bank and HDFC Bank besides Bharat Petroleum Corporation and Tata Motors.

But IT majors like Wipro, Tata Consultancy Services, Infosys, Tech Mahindra and HCL Technologies showed marginal gains. The other gainers were ONGC, GAIL, NTPC, IndusInd Bank and Hero MotoCorp.

Meanwhile, Asian stocks were mixed before a key US job report. MSCI's broadest index of Asia Pacific shares outside Japan rose marginally while Japan's Nikkei stock index was up by 0.32 per cent.

Hong Kong shares were down by 1.11 per cent with fragile sentiment as the territory's government mulls emergency laws to contain months of often violent protest against China's rule of the former British colony.

South Korean Kospi and Shanghai composite too were in the red.

The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.

The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.1 per cent for the current financial year. The BSE S&P Sensex closed 434 points or 1.14 per cent lower at 37,673, while the Nifty 50 was down by 139 points or 1.23 per cent to 11,175. The RBI cut repo rate by 25 basis points to 5.15 per cent, bringing the cumulative reduction in interest rate of 135 basis points for this calendar year. However, it also lowered the GDP growth forecast to 6.1 per cent for FY20 from 6.9 per cent earlier. With the latest central bank move, investors appeared unsure if it is sufficient to support the flagging consumer demand amid slowing economic output, rising unemployment rate and low business confidence. Except for IT, all sectoral indices at the National Stock Exchange were in the red. Nifty Bank fell by 2.4 per cent, financial service by 1.9 per cent, FMCG by 1.5 per cent and metal by 1.2 per cent. Among stocks, Grasim tumbled by 4.2 per cent, UltraTech Cements by 4 per cent, JSW Steel by 3.8 per cent and Titan by 3.4 per cent. The other prominent losers included private lenders like Kotak Mahindra Bank, ICICI Bank and HDFC Bank besides Bharat Petroleum Corporation and Tata Motors. But IT majors like Wipro, Tata Consultancy Services, Infosys, Tech Mahindra and HCL Technologies showed marginal gains. The other gainers were ONGC, GAIL, NTPC, IndusInd Bank and Hero MotoCorp. Meanwhile, Asian stocks were mixed before a key US job report. MSCI's broadest index of Asia Pacific shares outside Japan rose marginally while Japan's Nikkei stock index was up by 0.32 per cent. Hong Kong shares were down by 1.11 per cent with fragile sentiment as the territory's government mulls emergency laws to contain months of often violent protest against China's rule of the former British colony. South Korean Kospi and Shanghai composite too were in the red.

Sensex drops 434 points after RBI cuts repo rate and GDP forecast

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 traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in.

The BSE S&amp;P Sensex closed 199 points or 0.5 per cent lower at 38,107 while the Nifty 50 slid by 47 points to 11,313.

At the National Stock Exchange (NSE), most sectoral indices were in the red except for auto, media, PSU bank, and realty.

The nifty metal was down by 3 per cent, financial service by 1.1 per cent and private bank by 1.02 per cent.

But among stocks, <a href="https://www.wionews.com/business-economy/sensex-nifty-slip-as-united-states-widens-trade-war-to-europe-yes-bank-recovers-253385">Yes Bank</a>&nbsp;rose by 33.59 per cent to Rs 42.75 per share after Managing Director and CEO Ravneet Gill had a conference call with investors and analysts to assure them about the bank's strong fundamentals and operating metrics.

He said that Senior Group President and Chief Financial Officer Rajat Monga has decided to quit.

The other prominent gains were Bharat Petroleum Corporation, Zee Entertainment, Tata Motors, and Indian Oil Corporation.

However, metal stocks suffered badly with Vedanta down by 4.6 per cent, Hindalco by 4 per cent and Tata Steel by 3.4 per cent.

Private banks also remained on slippery ground with the IndusInd Bank sliding by 3 per cent, Kotak Mahindra Bank by 2.1 per cent, HDFC Bank by 2 per cent and Axis Bank by 1.7 per cent.

The other prominent losers were Coal India, Grasim and UltraTech Cements.

Meanwhile, Asian stocks skidded to a one-month low after President Donald Trump's administration announced a day earlier that the United States will <a href="https://www.wionews.com/world/us-widens-trade-war-with-tariffs-on-european-planes-cheese-whisky-to-punish-subsidies-253360">impose tariffs</a> on 7.5 billion dollars of goods from the European Union.

Japanese Nikkei traded down by over 2 per cent, South Korean Kospi by 1.9 per cent and Shanghai composite index by 0.9 per cent.

Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in. The BSE S&P Sensex closed 199 points or 0.

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in. The BSE S&P Sensex closed 199 points or 0.5 per cent lower at 38,107 while the Nifty 50 slid by 47 points to 11,313. At the National Stock Exchange (NSE), most sectoral indices were in the red except for auto, media, PSU bank, and realty. The nifty metal was down by 3 per cent, financial service by 1.1 per cent and private bank by 1.02 per cent. But among stocks, Yes Bank rose by 33.59 per cent to Rs 42.75 per share after Managing Director and CEO Ravneet Gill had a conference call with investors and analysts to assure them about the bank's strong fundamentals and operating metrics. He said that Senior Group President and Chief Financial Officer Rajat Monga has decided to quit. The other prominent gains were Bharat Petroleum Corporation, Zee Entertainment, Tata Motors, and Indian Oil Corporation. However, metal stocks suffered badly with Vedanta down by 4.6 per cent, Hindalco by 4 per cent and Tata Steel by 3.4 per cent. Private banks also remained on slippery ground with the IndusInd Bank sliding by 3 per cent, Kotak Mahindra Bank by 2.1 per cent, HDFC Bank by 2 per cent and Axis Bank by 1.7 per cent. The other prominent losers were Coal India, Grasim and UltraTech Cements. Meanwhile, Asian stocks skidded to a one-month low after President Donald Trump's administration announced a day earlier that the United States will impose tariffs on 7.5 billion dollars of goods from the European Union. Japanese Nikkei traded down by over 2 per cent, South Korean Kospi by 1.9 per cent and Shanghai composite index by 0.9 per cent. Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

Sensex closes 199 points lower but Yes Bank jumps over 33%

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