Market benchmark BSE Sensex tanked nearly 537 points to end at over two-month low of 36,305.02 and the Nifty crashed below the 11,000-mark Monday, extending their slide for the fifth straight session after heavy losses in banking and auto stocks.

Reports of liquidity concerns following the default in repayment of loans by diversified IL&amp;FS group spooked investors even as losses in global markets on reports that China had called off planned trade talks with the US in the wake of a new round of duties weighed on the market sentiment.

The 30-share Sensex hit a low of 36,216.95 before settling at 36,305.02, down by 536.58 points or 1.46 per cent -- the biggest single-session fall since February 6 when it had lost 561.22 points.

This is the weakest closing since July 11 when it settled at 36,265.93. The index had lost 1,249.04 points in the previous four sessions.

The broader NSE Nifty cracked below the 11,000 level by dropping 168.20 points, or 1.51 per cent to end at 10,974.90 due to foreign fund outflows amid prospects of a 25 basis point hike in the interest rate by the US Federal Reserve this week.

Mahindra and Mahindra fell the most by 6.46 per cent among 30 Sensex stocks while Maruti and Bajaj Auto decline by 3 per cent and 1.7 per cent respectively.

Financial stocks led by HDFC took a hit. HDFC dropped 6.22 per cent, IndusInd Bank by 4.94 per cent, ICICI Bank by 2.8 per cent, Kotak Bank by 2.6 per cent, HDFC Bank by 2.16 per cent, and SBI by 2.04 per cent.

Yes Bank fell by another 0.35 per cent, taking its total losses to more than 29 per cent after the RBI curtailed the term of its founding CEO Rana Kapoor.

Bucking the trend, IT stocks TCS and Infosys rose by 4.5 per cent and 1.5 per cent. Coal India rose by 2.1 per cent while Reliance gained 1.27 per cent.

Sentiments remained distinctly weak in sync with declining global markets as the intensifying dispute between the world's two biggest economies has spooked financial markets worried about the fallout on global growth, brokers said.

The Reserve Bank of India (RBI) and market regulator Sebi said on Sunday that they were closely monitoring the developments in the financial sector and were ready to take "appropriate actions" to calm the jittery investors.

Meanwhile, Finance Minister Arun Jaitley said Monday that the government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds.&nbsp;

Market benchmark BSE Sensex tanked nearly 537 points to end at over two-month low of 36,305.02 and the Nifty crashed below the 11,000-mark Monday, extending their slide for the fifth straight session after heavy losses in banking and auto stocks.

Market benchmark BSE Sensex tanked nearly 537 points to end at over two-month low of 36,305.02 and the Nifty crashed below the 11,000-mark Monday, extending their slide for the fifth straight session after heavy losses in banking and auto stocks. Reports of liquidity concerns following the default in repayment of loans by diversified IL&FS group spooked investors even as losses in global markets on reports that China had called off planned trade talks with the US in the wake of a new round of duties weighed on the market sentiment. The 30-share Sensex hit a low of 36,216.95 before settling at 36,305.02, down by 536.58 points or 1.46 per cent -- the biggest single-session fall since February 6 when it had lost 561.22 points. This is the weakest closing since July 11 when it settled at 36,265.93. The index had lost 1,249.04 points in the previous four sessions. The broader NSE Nifty cracked below the 11,000 level by dropping 168.20 points, or 1.51 per cent to end at 10,974.90 due to foreign fund outflows amid prospects of a 25 basis point hike in the interest rate by the US Federal Reserve this week. Mahindra and Mahindra fell the most by 6.46 per cent among 30 Sensex stocks while Maruti and Bajaj Auto decline by 3 per cent and 1.7 per cent respectively. Financial stocks led by HDFC took a hit. HDFC dropped 6.22 per cent, IndusInd Bank by 4.94 per cent, ICICI Bank by 2.8 per cent, Kotak Bank by 2.6 per cent, HDFC Bank by 2.16 per cent, and SBI by 2.04 per cent. Yes Bank fell by another 0.35 per cent, taking its total losses to more than 29 per cent after the RBI curtailed the term of its founding CEO Rana Kapoor. Bucking the trend, IT stocks TCS and Infosys rose by 4.5 per cent and 1.5 per cent. Coal India rose by 2.1 per cent while Reliance gained 1.27 per cent. Sentiments remained distinctly weak in sync with declining global markets as the intensifying dispute between the world's two biggest economies has spooked financial markets worried about the fallout on global growth, brokers said. The Reserve Bank of India (RBI) and market regulator Sebi said on Sunday that they were closely monitoring the developments in the financial sector and were ready to take "appropriate actions" to calm the jittery investors. Meanwhile, Finance Minister Arun Jaitley said Monday that the government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds.

Sensex tanks 537 points, Nifty crashes below 11,000 as banks, auto stocks melt

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Besides, the dollar's weakness against some currencies overseas on easing trade war concerns and a higher opening of the domestic equity market supported the rupee, forex dealers said.

On Wednesday, the rupee had gained 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.

Meanwhile, the benchmark BSE Sensex recovered by 231.40 points, or 0.62 per cent, to 37,352.62 in morning trade.

The stock market was shut Thursday on account of Muharram.

The Sensex had lost 969.42 points in the previous three sessions.

The NSE Nifty went past 11,300 to trade at 11,318.50, gaining 84.15, or 0.75 per cent.

Sectoral indices, including metal, oil and gas, PSU, power, infrastructure, healthcare, consumer durables, FMCG, capital goods, auto and banking stocks, rose up to 1.62 per cent.

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Besides, the dollar's weakness against some currencies overseas on easing trade war concerns and a higher opening of the domestic equity market supported the rupee, forex dealers said. On Wednesday, the rupee had gained 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets. Meanwhile, the benchmark BSE Sensex recovered by 231.40 points, or 0.62 per cent, to 37,352.62 in morning trade. The stock market was shut Thursday on account of Muharram. The Sensex had lost 969.42 points in the previous three sessions. The NSE Nifty went past 11,300 to trade at 11,318.50, gaining 84.15, or 0.75 per cent. Sectoral indices, including metal, oil and gas, PSU, power, infrastructure, healthcare, consumer durables, FMCG, capital goods, auto and banking stocks, rose up to 1.62 per cent.

Rupee at 2-week high, markets open in green

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

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

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

Sensex plunges over 1,000 points, recovers later

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Wednesday after retail inflation in May rose to a four-month high on the back of higher fuel prices and a weak rupee.

Asian stocks declined as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic US-North Korea summit.

The Indian rupee weakened to a two-week low against the US dollar.

The Indian rupee weakened to a two-week low against the US dollar.

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Wednesday after retail inflation in May rose to a four-month high on the back of higher fuel prices and a weak rupee. Asian stocks declined as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic US-North Korea summit. The Indian rupee weakened to a two-week low against the US dollar.

Sensex rises over 100 points, Nifty above 10,850

Indian shares rose&nbsp;on Tuesday, in line with broader Asian peers, as sentiment turned upbeat after U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work towards complete denuclearization of the Korean peninsula.

The benchmark BSE Sensex closed up 0.59 per cent at 35,692.52, while the broader NSE Nifty ended 0.52 per cent higher at 10,842.85 ahead of retail inflation data that will be released later in the day.

Both indexes posted their highest closing level since&nbsp;Feb. 1.

Lupin Ltd led gains on the NSE index, ending 6.4 per cent higher. The Nifty Pharma index rose 2.58 per cent to close at its highest in over one month.

The benchmark BSE Sensex closed up 0.59 per cent at 35,692.52

Indian shares rose on Tuesday, in line with broader Asian peers, as sentiment turned upbeat after U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work towards complete denuclearization of the Korean peninsula. The benchmark BSE Sensex closed up 0.59 per cent at 35,692.52, while the broader NSE Nifty ended 0.52 per cent higher at 10,842.85 ahead of retail inflation data that will be released later in the day. Both indexes posted their highest closing level since Feb. 1. Lupin Ltd led gains on the NSE index, ending 6.4 per cent higher. The Nifty Pharma index rose 2.58 per cent to close at its highest in over one month.

Sensex hits four-month high over Kim-Trump talks

The 30-share BSE index Sensex jumped 83.44 points or 0.24 per cent at 35,527.11 and the 50-share NSE index rose 14.2 points or 0.13 per cent to 10,781.85.

Macro-economic data such as the index of industrial production and wholesale price index will be in focus for the domestic investors, along with the progress of the monsoon.

Globally, the US and North Korea summit, the Fed meeting, ECB rate decision and the BoJ rate decision could keep global investors on the edge in the coming week. Both the Nifty and the Sensex could also turn volatile, in tandem with their global peers.&nbsp

The 30-share BSE index Sensex jumped 83.44 points or 0.24 per cent at 35,527.11 and the 50-share NSE index rose 14.2 points or 0.13 per cent to 10,781.85.

The 30-share BSE index Sensex jumped 83.44 points or 0.24 per cent at 35,527.11 and the 50-share NSE index rose 14.2 points or 0.13 per cent to 10,781.85. Macro-economic data such as the index of industrial production and wholesale price index will be in focus for the domestic investors, along with the progress of the monsoon. Globally, the US and North Korea summit, the Fed meeting, ECB rate decision and the BoJ rate decision could keep global investors on the edge in the coming week. Both the Nifty and the Sensex could also turn volatile, in tandem with their global peers.

Sensex opens higher by 83 points; Nifty climbs to 10,782

The BSE Sensex slipped over 137 points to 35,325.98 in early trade today on heavy selling in power, realty, oil & gas and banking stocks amid sustained capital outflows by foreign funds.

A depreciating rupee against the dollar also dampened the sentiment.

Moreover, decline in Asian stocks after the mixed close on Wall Street overnight and rising crude oil prices amid sustained capital outflows influenced the sentiment here, brokers said.

Oil prices rose today as Venezuela struggled to meet its supply obligations, and also due to the ongoing voluntary output cuts led by producer cartel OPEC.

Brent crude futures were at $ 77.45 per barrel, up 13 cents, or 0.20 per cent. WTI crude futures were up 19 cents, or 0.30 per cent at $ 66.14 a barrel.

The 30-share index dropped 137.10 points or 0.38 per cent to 35,325.98. The gauge had gained 559.87 points in the previous two sessions.

In a similar fashion, the NSE Nifty fell 50.65 points or 0.47 per cent to 10,717.70.

Sectoral indices led by power, realty, oil and gas, banking, PSU, consumer durables and infrastructure were trading in the negative zone, falling up to 0.93 per cent.

Major losers were power grid, ICICI Bank, IndusInd Bank, Yes Bank, RIL, Axis Bank, HDFC Bank, HDFC Ltd, Asian Paints, M&M, Hero Motorocorp, Bajaj Auto, SBI, NTPC, Wipro and Bharti Airtel, falling up to 2.05 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 525.40 crore yesterday, while domestic institutional investors (DIIs) bought shares worth Rs 1,197.89 crore as per provisional data.

In the Asian region, Japan's Nikkei fell 0.20 per cent and Hong Kong's Hang Seng shed 1.30 per cent in early trade. China's Shanghai Composite index too was down 1.29 per cent.

The Dow Jones Industrial Average ended 0.38 per cent higher in yesterday's trade.

A depreciating rupee against the dollar also dampened the sentiment

The BSE Sensex slipped over 137 points to 35,325.98 in early trade today on heavy selling in power, realty, oil & gas and banking stocks amid sustained capital outflows by foreign funds. A depreciating rupee against the dollar also dampened the sentiment. Moreover, decline in Asian stocks after the mixed close on Wall Street overnight and rising crude oil prices amid sustained capital outflows influenced the sentiment here, brokers said. Oil prices rose today as Venezuela struggled to meet its supply obligations, and also due to the ongoing voluntary output cuts led by producer cartel OPEC. Brent crude futures were at $ 77.45 per barrel, up 13 cents, or 0.20 per cent. WTI crude futures were up 19 cents, or 0.30 per cent at $ 66.14 a barrel. The 30-share index dropped 137.10 points or 0.38 per cent to 35,325.98. The gauge had gained 559.87 points in the previous two sessions. In a similar fashion, the NSE Nifty fell 50.65 points or 0.47 per cent to 10,717.70. Sectoral indices led by power, realty, oil and gas, banking, PSU, consumer durables and infrastructure were trading in the negative zone, falling up to 0.93 per cent. Major losers were power grid, ICICI Bank, IndusInd Bank, Yes Bank, RIL, Axis Bank, HDFC Bank, HDFC Ltd, Asian Paints, M&M, Hero Motorocorp, Bajaj Auto, SBI, NTPC, Wipro and Bharti Airtel, falling up to 2.05 per cent. Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 525.40 crore yesterday, while domestic institutional investors (DIIs) bought shares worth Rs 1,197.89 crore as per provisional data. In the Asian region, Japan's Nikkei fell 0.20 per cent and Hong Kong's Hang Seng shed 1.30 per cent in early trade. China's Shanghai Composite index too was down 1.29 per cent. The Dow Jones Industrial Average ended 0.38 per cent higher in yesterday's trade.

Sensex down 137 points in early trade on weak Asian cues

Indian shares ended largely flat on Friday as losses in both indexes on account of profit-booking were capped by gains in Sun Pharmaceutical Industries Ltd after its Halol plant received Voluntary Action Indicated (VAI) status from the U.S. health regulator.

The broader NSE Nifty closed down 0.01 per cent at 10,767.65, while the benchmark BSE&nbsp;Sensex ended 0.05 per cent lower at 35,443.67.

Both indexes posted their third straight weekly gain, with the NSE index climbing 0.67 per cent and BSE rising 0.61 per cent for the week.

Shares of Sun Pharmaceutical Industries Ltd closed 8 per cent higher after the US&nbsp;Food and Drug Administration issued VAI status to the drugmaker's Halol plant, boosting confidence that the company would soon obtain clearance for the plant.

The broader NSE Nifty closed down 0.01 per cent at 10,767.65, while the benchmark BSE Sensex ended 0.05 per cent lower at 35,443.67

Indian shares ended largely flat on Friday as losses in both indexes on account of profit-booking were capped by gains in Sun Pharmaceutical Industries Ltd after its Halol plant received Voluntary Action Indicated (VAI) status from the U.S. health regulator. The broader NSE Nifty closed down 0.01 per cent at 10,767.65, while the benchmark BSE Sensex ended 0.05 per cent lower at 35,443.67. Both indexes posted their third straight weekly gain, with the NSE index climbing 0.67 per cent and BSE rising 0.61 per cent for the week. Shares of Sun Pharmaceutical Industries Ltd closed 8 per cent higher after the US Food and Drug Administration issued VAI status to the drugmaker's Halol plant, boosting confidence that the company would soon obtain clearance for the plant.

Nifty, Sensex recover from early losses to end flat

Extending its post-RBI policy rally, the BSE Sensex spurted 208 points in opening trade today on widespread buying, with banking, metal and realty sectors leading the gains.

The benchmark had rallied 276 points yesterday after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance.&nbsp

The central bank also retained its GDP growth forecast for 2018-19 at 7.4 per cent on hopes of higher investments and consumption.

The 30-share index was trading higher by 207.83 points, or 0.59 per cent at 35,386.71.

&nbspAll the sectoral indices were trading in the green. Realty, infrastructure, bankex, IT, capital goods, auto, FMCG, healthcare and oil & gas advanced up to 1.16 per cent.

Also, the NSE Nifty jumped 72.95 points or 0.68 per cent to 10,757.60.

Major gainers were ICICI Bank, Infosys, ONGC, M&M, Yes Bank, Tata Steel, Hindustan Unilever, Wipro, Axis Bank, Bajaj Auto, RIL, Asian Paints, L&T, Kotak Bank, Tata Motors and HDFC Ltd, gaining up to 1.66 per cent.

Brokers said sustained buying by domestic institutional investors (DIIs) and a firm trend at other Asian bourses supported the market sentiment.

DIIs had net bought shares worth Rs 712.31 crore, while foreign funds sold shares to the tune of Rs 81.40 crore yesterday, provisional exchange data showed.

Asian shares rose following overnight gains on Wall Street, supported by strong economic fundamentals, while expectations that the European Central Bank could start to wind down its stimulus boosted the euro and global bond yields.

Hong Kong's Hang Seng was up 0.60 per cent while Japan's Nikkei gained 0.96 per cent in early trade today. Shanghai Composite Index was up by 0.16 per cent.

The US Dow Jones Industrial Average ended 1.40 per cent higher yesterday.

The benchmark had rallied 276 points yesterday after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance

Extending its post-RBI policy rally, the BSE Sensex spurted 208 points in opening trade today on widespread buying, with banking, metal and realty sectors leading the gains. The benchmark had rallied 276 points yesterday after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance. The central bank also retained its GDP growth forecast for 2018-19 at 7.4 per cent on hopes of higher investments and consumption. The 30-share index was trading higher by 207.83 points, or 0.59 per cent at 35,386.71. &nbspAll the sectoral indices were trading in the green. Realty, infrastructure, bankex, IT, capital goods, auto, FMCG, healthcare and oil & gas advanced up to 1.16 per cent. Also, the NSE Nifty jumped 72.95 points or 0.68 per cent to 10,757.60. Major gainers were ICICI Bank, Infosys, ONGC, M&M, Yes Bank, Tata Steel, Hindustan Unilever, Wipro, Axis Bank, Bajaj Auto, RIL, Asian Paints, L&T, Kotak Bank, Tata Motors and HDFC Ltd, gaining up to 1.66 per cent. Brokers said sustained buying by domestic institutional investors (DIIs) and a firm trend at other Asian bourses supported the market sentiment. DIIs had net bought shares worth Rs 712.31 crore, while foreign funds sold shares to the tune of Rs 81.40 crore yesterday, provisional exchange data showed. Asian shares rose following overnight gains on Wall Street, supported by strong economic fundamentals, while expectations that the European Central Bank could start to wind down its stimulus boosted the euro and global bond yields. Hong Kong's Hang Seng was up 0.60 per cent while Japan's Nikkei gained 0.96 per cent in early trade today. Shanghai Composite Index was up by 0.16 per cent. The US Dow Jones Industrial Average ended 1.40 per cent higher yesterday.

Sensex extends gains, up 208 points in early trade

The BSE Sensex rebounded over 69 points in opening trade, breaking its three-day losing run, ahead of the RBI's bi-monthly policy meet outcome due later in the day. 
 
The 30-share index recovered by 69.38 points, or 0.19 per cent, to 34,972.59. It had lost 419.17 points in the previous three sessions.

Sectoral indices led by FMCG, auto, metal, IT and capital goods rose by up to 0.30 per cent. 
 
The NSE Nifty also went up by 22.65 points, or 0.21 per cent, to 10,615.80.

Brokers said investors were seen raising their bets ahead of the monetary policy announcement. 
 
Besides, a mixed trend at other Asian bourses influenced the trading sentiment in the domestic market. 
 
Shares of Bharti Airtel, Coal India, L&T, Tata Motors, M&M, Adani Ports, ITC, Sun Pharma, Bajaj Auto, Maruti Suzuki, Power Grid and Infosys climbed up to 1.48 per cent. 
 
Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 474.33 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 157.51 crore yesterday, as per provisional data. 
 
Among other Asian markets, Japan's Nikkei rose 0.19 per cent, while Hong Kong's Hang Seng edged up 0.31 per cent in their early trade. However, Shanghai Composite Index shed 0.15 per cent. 
 
The US Dow Jones Industrial Average ended 0.06 per cent lower in yesterday's trade.&nbsp;

Sectoral indices led by FMCG, auto, metal, IT and capital goods rose by up to 0.30 per cent

The BSE Sensex rebounded over 69 points in opening trade, breaking its three-day losing run, ahead of the RBI's bi-monthly policy meet outcome due later in the day. The 30-share index recovered by 69.38 points, or 0.19 per cent, to 34,972.59. It had lost 419.17 points in the previous three sessions. Sectoral indices led by FMCG, auto, metal, IT and capital goods rose by up to 0.30 per cent. The NSE Nifty also went up by 22.65 points, or 0.21 per cent, to 10,615.80. Brokers said investors were seen raising their bets ahead of the monetary policy announcement. Besides, a mixed trend at other Asian bourses influenced the trading sentiment in the domestic market. Shares of Bharti Airtel, Coal India, L&T, Tata Motors, M&M, Adani Ports, ITC, Sun Pharma, Bajaj Auto, Maruti Suzuki, Power Grid and Infosys climbed up to 1.48 per cent. Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 474.33 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 157.51 crore yesterday, as per provisional data. Among other Asian markets, Japan's Nikkei rose 0.19 per cent, while Hong Kong's Hang Seng edged up 0.31 per cent in their early trade. However, Shanghai Composite Index shed 0.15 per cent. The US Dow Jones Industrial Average ended 0.06 per cent lower in yesterday's trade.

Market opens higher ahead of RBI policy decision

The BSE benchmark Sensex slipped below the key 35,000-mark in early trade today following losses in banking, power, realty and capital goods stocks.

Investors are cautious ahead of RBI's policy decision due&nbsp;tomorrow, brokers said.

The RBI's Monetary Policy Committee began its three-day meeting yesterday amid speculation that it may hike the key interest rate for the first time in over four years on account of firming inflation.

The 30-share index, which had lost 310.49 points in the previous two sessions, fell further by 101.70 points, or 0.29 per cent, to 34,910.19.

Sectoral indices led by power, banking, realty, capital goods and PSU declined up to 1.20 per cent.

The NSE Nifty also shed 33.55 points, or 0.32 per cent, to 10,594.95.

Shares of Powr Grid, Yes Bank, Bharti Airtel, Dr Reddy's, Infosys, Hero MotoCorp, L&T, HUL, Axis Bank, Bajaj Auto, HDFC Ltd and NTPC were trading in the negative zone with losses of up to 2.41 per cent.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 712.41 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 2,354.03 crore yesterday, as per provisional data released by the stock exchanges.

Among other Asian markets, Hong Kong's Hang Seng fell 0.05 per cent, while Japan's Nikkei was up 0.12 per cent in early trade. Shanghai Composite Index also rose 0.02 per cent.

The US Dow Jones Industrial Average ended 0.72 per cent higher in yesterday's trade.

The RBI's Monetary Policy Committee began its three-day meeting yesterday amid speculation that it may hike the key interest rate for the first time in over four years on account of firming inflation

The BSE benchmark Sensex slipped below the key 35,000-mark in early trade today following losses in banking, power, realty and capital goods stocks. Investors are cautious ahead of RBI's policy decision due tomorrow, brokers said. The RBI's Monetary Policy Committee began its three-day meeting yesterday amid speculation that it may hike the key interest rate for the first time in over four years on account of firming inflation. The 30-share index, which had lost 310.49 points in the previous two sessions, fell further by 101.70 points, or 0.29 per cent, to 34,910.19. Sectoral indices led by power, banking, realty, capital goods and PSU declined up to 1.20 per cent. The NSE Nifty also shed 33.55 points, or 0.32 per cent, to 10,594.95. Shares of Powr Grid, Yes Bank, Bharti Airtel, Dr Reddy's, Infosys, Hero MotoCorp, L&T, HUL, Axis Bank, Bajaj Auto, HDFC Ltd and NTPC were trading in the negative zone with losses of up to 2.41 per cent. Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 712.41 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 2,354.03 crore yesterday, as per provisional data released by the stock exchanges. Among other Asian markets, Hong Kong's Hang Seng fell 0.05 per cent, while Japan's Nikkei was up 0.12 per cent in early trade. Shanghai Composite Index also rose 0.02 per cent. The US Dow Jones Industrial Average ended 0.72 per cent higher in yesterday's trade.

Sensex down 102 points in cautious trade

The BSE Sensex shed almost 109 points to close below the key 35,000-mark today as trading activity was on a low ebb ahead of RBI's policy announcement&nbsp;tomorrow.&nbsp;

The Reserve Bank's three-day monetary policy review kicked off yesterday amid speculation that it may hike the key interest rate for the first time since January 2014 due to firming inflation.

The 30-share Sensex stayed in the negative terrain for most of the session, touching a low of 34,784.68.

It finally finished at 34,903.21, down 108.68 points or 0.31 per cent.

The gauge had lost 310.49 points in the previous two sessions.

The broader NSE Nifty too dropped by 35.35 points, or 0.33 per cent, to end at 10,593.15, after moving between 10,633.15 and 10,550.90.

Interest rate sensitive realty, banking and auto stocks remained under pressure.&nbsp;

Trading mood was also impacted after PMI data showed that India's services activity contracted for the first time&nbsp;in three months&nbsp;in May as new business orders stagnated and cost pressure intensified amid higher fuel prices.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 712.41 crore, while foreign portfolio investors (FPIs) bought equities to the tune of Rs 2,354.03 crore yesterday, as per provisional data released by the stock exchanges.

The Reserve Bank's three-day monetary policy review kicked off yesterday amid speculation that it may hike the key interest rate for the first time since January 2014

The BSE Sensex shed almost 109 points to close below the key 35,000-mark today as trading activity was on a low ebb ahead of RBI's policy announcement tomorrow. The Reserve Bank's three-day monetary policy review kicked off yesterday amid speculation that it may hike the key interest rate for the first time since January 2014 due to firming inflation. The 30-share Sensex stayed in the negative terrain for most of the session, touching a low of 34,784.68. It finally finished at 34,903.21, down 108.68 points or 0.31 per cent. The gauge had lost 310.49 points in the previous two sessions. The broader NSE Nifty too dropped by 35.35 points, or 0.33 per cent, to end at 10,593.15, after moving between 10,633.15 and 10,550.90. Interest rate sensitive realty, banking and auto stocks remained under pressure. Trading mood was also impacted after PMI data showed that India's services activity contracted for the first time in three months in May as new business orders stagnated and cost pressure intensified amid higher fuel prices. Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 712.41 crore, while foreign portfolio investors (FPIs) bought equities to the tune of Rs 2,354.03 crore yesterday, as per provisional data released by the stock exchanges.

Sensex slips 109 points as RBI decision looms

The BSE index surged 218.91 points or 0.62 per cent to 35,446.17 and the NSE index climbed 61.30 points or 0.57 per cent to 10,757.50.

Domestic sentiment was buoyed as the Indian economy registered a growth rate of 7.7 per cent for the January-March quarter, the fastest it has grown since April-June 2016-17.

Asian shares rose to their highest level in two-and-a-half-weeks as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could drag on global economic growth.

Hero MotoCorp, L&T, Bajaj Finance, Titan Company, HDFC Bank, ICICI Bank, Dr Reddy's Labs, IndusInd Bank, HPCL, Tata Motors, BPCL, GAIL, IOC, HDFC and Coal India gained up to 2.5 percent.

Asian shares rose to their highest level in two-and-a-half-weeks as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could drag on global economic growth.

The BSE index surged 218.91 points or 0.62 per cent to 35,446.17 and the NSE index climbed 61.30 points or 0.57 per cent to 10,757.50. Domestic sentiment was buoyed as the Indian economy registered a growth rate of 7.7 per cent for the January-March quarter, the fastest it has grown since April-June 2016-17. Asian shares rose to their highest level in two-and-a-half-weeks as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could drag on global economic growth. Hero MotoCorp, L&T, Bajaj Finance, Titan Company, HDFC Bank, ICICI Bank, Dr Reddy's Labs, IndusInd Bank, HPCL, Tata Motors, BPCL, GAIL, IOC, HDFC and Coal India gained up to 2.5 percent.

Sensex surges 219 points; Nifty jumps to 10,757 on global cues

Benchmark Sensex tanked over 215 points to close at 35,011.89 on Monday as cautious investors trimmed their portfolios amid the RBI's monetary policy meeting getting underway.

The RBI's Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half years on account of firming inflation.

The 30-share Sensex opened on a strong footing on across-the-board gains amid positive global leads and hit a high of 35,555.59.

&nbspHowever, it soon slipped into the negative zone on massive selling in several heavyweights. It finally ended at 35,011.89, down 215.37 points or 0.61 per cent.&nbsp

The broader NSE Nifty too ended lower by 67.70 points, or 0.63 per cent, at 10,628.50, after hovering between 10,770.30 and 10,618.35.

Meanwhile, foreign portfolio investors (FPIs) offloaded shares worth a net Rs 202.80 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 337.97 crore on Friday, as per provisional data.&nbsp

Benchmark Sensex tanked over 215 points to close at 35,011.89 on Monday as cautious investors trimmed their portfolios amid the RBI's monetary policy meeting getting underway

Benchmark Sensex tanked over 215 points to close at 35,011.89 on Monday as cautious investors trimmed their portfolios amid the RBI's monetary policy meeting getting underway. The RBI's Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half years on account of firming inflation. The 30-share Sensex opened on a strong footing on across-the-board gains amid positive global leads and hit a high of 35,555.59. &nbspHowever, it soon slipped into the negative zone on massive selling in several heavyweights. It finally ended at 35,011.89, down 215.37 points or 0.61 per cent. The broader NSE Nifty too ended lower by 67.70 points, or 0.63 per cent, at 10,628.50, after hovering between 10,770.30 and 10,618.35. Meanwhile, foreign portfolio investors (FPIs) offloaded shares worth a net Rs 202.80 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 337.97 crore on Friday, as per provisional data.

Sensex slumps 215 points; RBI policy meet gets underway

Markets saw a price correction on the first session of the new June series derivatives on Friday, with the Sensex losing over 95 points and the Nifty closing below the 10,700-mark.

Weakness in banking stocks offset gains in auto despite robust GDP numbers for the January-March quarter amid sustained foreign fund outflows.

Leads from other Asian markets too were not supportive on renewed global trade war worries.

The 30-share Sensex closed lower by 95.12 points, or 0.27 per cent, at 35,227.26 after shuttling between 35,438.22 and 35,177.35 on alternate bouts of buying and selling.&nbsp;

It had rallied 416.27 points yesterday on optimistic buying by participants ahead of GDP numbers.

Also, the NSE Nifty shed 39.95 points, or 0.37 per cent, to finish at 10,696.20. During the session, it moved between 10,764.75 and 10,681.50.

Markets started on a positive note after data showed that India's January-March 2018 GDP growth soared to a seven-quarter high of 7.7 per cent, spurred by robust performance of manufacturing, construction and service sectors, helping it retain the tag of the fastest growing major economy.

However, early gains were completely wiped-off after selling emerged in the later part of the session.

Both the Sensex and Nifty, however, registered gains for the week.&nbsp;

The Sensex climbed 302.39 points, or 0.87 per cent, while the Nifty gained 91.05 points, or 0.86 per cent, during this week.

Leads from other Asian markets too were not supportive on renewed global trade war worries

Markets saw a price correction on the first session of the new June series derivatives on Friday, with the Sensex losing over 95 points and the Nifty closing below the 10,700-mark. Weakness in banking stocks offset gains in auto despite robust GDP numbers for the January-March quarter amid sustained foreign fund outflows. Leads from other Asian markets too were not supportive on renewed global trade war worries. The 30-share Sensex closed lower by 95.12 points, or 0.27 per cent, at 35,227.26 after shuttling between 35,438.22 and 35,177.35 on alternate bouts of buying and selling. It had rallied 416.27 points yesterday on optimistic buying by participants ahead of GDP numbers. Also, the NSE Nifty shed 39.95 points, or 0.37 per cent, to finish at 10,696.20. During the session, it moved between 10,764.75 and 10,681.50. Markets started on a positive note after data showed that India's January-March 2018 GDP growth soared to a seven-quarter high of 7.7 per cent, spurred by robust performance of manufacturing, construction and service sectors, helping it retain the tag of the fastest growing major economy. However, early gains were completely wiped-off after selling emerged in the later part of the session. Both the Sensex and Nifty, however, registered gains for the week. The Sensex climbed 302.39 points, or 0.87 per cent, while the Nifty gained 91.05 points, or 0.86 per cent, during this week.

Sensex sheds 95 points; banking, PSU stocks slip

The BSE Sensex rebounded over 246 points to quote above the 35,000-mark in opening trade today, tracking a firm trend in the global markets amid sustained buying by domestic institutional investors.

Short-covering of bets, today being the last session of May expiry in the derivatives segment, kept the overall tempo up.

Optimistic buying by participants ahead of GDP data scheduled to be released later today too buoyed trading sentiments, brokers said.

The 30-share index, which had lost 259.37 points in the previous two sessions, recovered by 246.06 points, or 0.70 per cent, at 35,152.17.

The NSE Nifty too was trading higher by 61.75 points, or 0.58 per cent, at 10,676.10.

Meanwhile, the Met department yesterday said the entire country is likely to get normal monsoon this year, except the east and northeast India, which is likely to witness "below normal" rainfall.

Domestic institutional investors (DIIs) bought shares worth Rs 492.46 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 1,286.91 crore yesterday, provisional data showed.

Major gainers were Coal India, HDFC Bank, Bharti Airtel, HUL, ONGC, Tata Steel, L&T, Kotak Bank, HDFC Ltd, NTPC, Wipro, RIL, Infosys and M&M, with gains of up to 2.81 per cent.

However, shares of the country's largest private lender ICICI Bank plunged 1.49 per cent after the bank ordered an independent probe into allegations against its MD and CEO Chanda Kochhar's dealing with certain borrowers.

Brokers said continued pumping of funds by DIIs and a firming trend at over Asian bourses, tracking recoveries in the US and Europe as fears of a political crisis in Italy abated, spurred fresh round of buying on the domestic bourses.

Globally, Hong Kong's Hang Seng was up 0.95 per cent, Japan's Nikkei gained 0.60 per cent while Shanghai Composite index rallied 1.20 per cent in early trade today.

The US Dow Jones Industrial Average ended 1.26 per cent higher yesterday.

Short-covering of bets, today being the last session of May expiry in the derivatives segment, kept the overall tempo up

The BSE Sensex rebounded over 246 points to quote above the 35,000-mark in opening trade today, tracking a firm trend in the global markets amid sustained buying by domestic institutional investors. Short-covering of bets, today being the last session of May expiry in the derivatives segment, kept the overall tempo up. Optimistic buying by participants ahead of GDP data scheduled to be released later today too buoyed trading sentiments, brokers said. The 30-share index, which had lost 259.37 points in the previous two sessions, recovered by 246.06 points, or 0.70 per cent, at 35,152.17. The NSE Nifty too was trading higher by 61.75 points, or 0.58 per cent, at 10,676.10. Meanwhile, the Met department yesterday said the entire country is likely to get normal monsoon this year, except the east and northeast India, which is likely to witness "below normal" rainfall. Domestic institutional investors (DIIs) bought shares worth Rs 492.46 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 1,286.91 crore yesterday, provisional data showed. Major gainers were Coal India, HDFC Bank, Bharti Airtel, HUL, ONGC, Tata Steel, L&T, Kotak Bank, HDFC Ltd, NTPC, Wipro, RIL, Infosys and M&M, with gains of up to 2.81 per cent. However, shares of the country's largest private lender ICICI Bank plunged 1.49 per cent after the bank ordered an independent probe into allegations against its MD and CEO Chanda Kochhar's dealing with certain borrowers. Brokers said continued pumping of funds by DIIs and a firming trend at over Asian bourses, tracking recoveries in the US and Europe as fears of a political crisis in Italy abated, spurred fresh round of buying on the domestic bourses. Globally, Hong Kong's Hang Seng was up 0.95 per cent, Japan's Nikkei gained 0.60 per cent while Shanghai Composite index rallied 1.20 per cent in early trade today. The US Dow Jones Industrial Average ended 1.26 per cent higher yesterday.

Sensex soars on global cues, rebounds over 246 points

Benchmark Sensex slipped over 43 points in volatile trade to end at 34,906.11 today with no let-up in selling by investors ahead of May derivatives expiry amid weak global cues.

The cut in India's 2018 GDP growth forecast by Moody's also affected sentiment, brokers said.

The 30-share Sensex opened on a bearish note at 34,876.13 and slipped further to hit a low of 34,735.11 largely on sustained foreign fund outflows amid a global sell-off on political uncertainty in Italy and concerns of a possible China-US trade war.

However, short-covering by speculators ahead of May derivatives expiry tomorrow and recovery in the rupee reversed the early losses, with the gauge scaling a high 35,017.45. It finally ended at 34,906.11, down 43.13 points, or 0.12 per cent.

The Sensex swung over 280 points intra-day.

The barometer had lost 216.24 points in the previous session.

The 50-share NSE Nifty too settled 18.95 points, or 0.18 per cent, lower at 10,614.35. During the session, it moved between 10,648.70 and 10,558.45.

Moody's Investors Service today cut India's 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration.

Brokers said the market sentiment was subdued due to lacklustre performance across the Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 407.33 crore, while domestic institutional investors (DIIs) bought shares worth Rs 578.38 crore yesterday, provisional data showed.&nbsp;

The 30-share Sensex opened on a bearish note at 34,876.13 and slipped further to hit a low of 34,735.11 largely on sustained foreign fund outflows amid a global sell-off on political uncertainty in Italy and concerns of a possible China-US trade war

Benchmark Sensex slipped over 43 points in volatile trade to end at 34,906.11 today with no let-up in selling by investors ahead of May derivatives expiry amid weak global cues. The cut in India's 2018 GDP growth forecast by Moody's also affected sentiment, brokers said. The 30-share Sensex opened on a bearish note at 34,876.13 and slipped further to hit a low of 34,735.11 largely on sustained foreign fund outflows amid a global sell-off on political uncertainty in Italy and concerns of a possible China-US trade war. However, short-covering by speculators ahead of May derivatives expiry tomorrow and recovery in the rupee reversed the early losses, with the gauge scaling a high 35,017.45. It finally ended at 34,906.11, down 43.13 points, or 0.12 per cent. The Sensex swung over 280 points intra-day. The barometer had lost 216.24 points in the previous session. The 50-share NSE Nifty too settled 18.95 points, or 0.18 per cent, lower at 10,614.35. During the session, it moved between 10,648.70 and 10,558.45. Moody's Investors Service today cut India's 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration. Brokers said the market sentiment was subdued due to lacklustre performance across the Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 407.33 crore, while domestic institutional investors (DIIs) bought shares worth Rs 578.38 crore yesterday, provisional data showed.

Markets end in red for 2nd day, Sensex sheds 43 points

Benchmark Sensex declined by over 214 points in opening trade today, extending yesterday's fall, tracking a weak trend in global markets amid fresh concerns of a possible China-US trade war.

Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiments.

There was caution among investors ahead of the May month derivatives expiry tomorrow.

The 30-share index, which had lost 216.24 points in the previous session, drifted down by 214.13 points, or 0.61 per cent, to 34,735.11.

The NSE Nifty cracked below the 10,600-mark by falling 69.45 points, or 0.65 per cent, to 10,563.85.

All sectoral indices led by bank, oil & gas and capital goods were in the negative zone, slipping up to 1.02 per cent.

Brokers said sustained foreign funds outflows, weak trend at other Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy, mainly triggered selling here.

Major losers included Hero MotoCorp, Tata Motors, ICICI Bank, Axis Bank, SBI, Bajaj Auto, Bharti Airtel, Adani Ports, Yes Bank, Dr Reddy's and HDFC Ltd, falling by up to 1.92 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 407.33 crore, while domestic institutional investors (DIIs) bought shares worth Rs 578.38 crore yesterday, provisional data showed.

Globally, Hong Kong's Hang Seng index was down 1.62 per cent, while Japan's Nikkei shed 1.79 per cent in early trade today. Shanghai Composite too was down by 2.04 per cent.

The US Dow Jones ended 1.58 per cent lower in yesterday's trade.&nbsp

The NSE Nifty cracked below the 10,600-mark by falling 69.45 points, or 0.65 per cent, to 10,563.85

Benchmark Sensex declined by over 214 points in opening trade today, extending yesterday's fall, tracking a weak trend in global markets amid fresh concerns of a possible China-US trade war. Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiments. There was caution among investors ahead of the May month derivatives expiry tomorrow. The 30-share index, which had lost 216.24 points in the previous session, drifted down by 214.13 points, or 0.61 per cent, to 34,735.11. The NSE Nifty cracked below the 10,600-mark by falling 69.45 points, or 0.65 per cent, to 10,563.85. All sectoral indices led by bank, oil & gas and capital goods were in the negative zone, slipping up to 1.02 per cent. Brokers said sustained foreign funds outflows, weak trend at other Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy, mainly triggered selling here. Major losers included Hero MotoCorp, Tata Motors, ICICI Bank, Axis Bank, SBI, Bajaj Auto, Bharti Airtel, Adani Ports, Yes Bank, Dr Reddy's and HDFC Ltd, falling by up to 1.92 per cent. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 407.33 crore, while domestic institutional investors (DIIs) bought shares worth Rs 578.38 crore yesterday, provisional data showed. Globally, Hong Kong's Hang Seng index was down 1.62 per cent, while Japan's Nikkei shed 1.79 per cent in early trade today. Shanghai Composite too was down by 2.04 per cent. The US Dow Jones ended 1.58 per cent lower in yesterday's trade.

Sensex suffers more losses, slides 214 points on global cues

Shares ended lower for the second day, weighed down by jittery global stocks on fears of repeat elections in the euro zone's third-largest economy, Italy, with investors trimming exposure to riskier assets.

Benchmark Sensex slipped over 43 points in volatile trade to end at 34,906.11 with no let-up in selling by investors ahead of May derivatives expiry amid weak global cues.

The cut in India's 2018 GDP growth forecast by Moody's also affected sentiment, brokers said.

The 30-share Sensex opened on a bearish note at 34,876.13 and slipped further to hit a low of 34,735.11 largely on sustained foreign fund outflows amid a global sell-off on political uncertainty in Italy and concerns of a possible China-US trade war.

However, short-covering by speculators ahead of May derivatives expiry tomorrow and recovery in the rupee reversed the early losses, with the gauge scaling a high 35,017.45. It finally ended at 34,906.11, down 43.13 points, or 0.12 per cent.

The Sensex swung over 280 points intra-day.

The barometer had lost 216.24 points in the previous session.

The 50-share NSE Nifty too settled 18.95 points, or 0.18 per cent, lower at 10,614.35. During the session, it moved between 10,648.70 and 10,558.45.

Moody's Investors Service today cut India's 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration.

Brokers said the market sentiment was subdued due to lacklustre performance across the Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 407.33 crore, while domestic institutional investors (DIIs) bought shares worth Rs 578.38 crore yesterday, provisional data showed.

The 50-share NSE Nifty too settled 18.95 points, or 0.18 per cent, lower at 10,614.35. During the session, it moved between 10,648.70 and 10,558.45.

Shares ended lower for the second day, weighed down by jittery global stocks on fears of repeat elections in the euro zone's third-largest economy, Italy, with investors trimming exposure to riskier assets. Benchmark Sensex slipped over 43 points in volatile trade to end at 34,906.11 with no let-up in selling by investors ahead of May derivatives expiry amid weak global cues. The cut in India's 2018 GDP growth forecast by Moody's also affected sentiment, brokers said. The 30-share Sensex opened on a bearish note at 34,876.13 and slipped further to hit a low of 34,735.11 largely on sustained foreign fund outflows amid a global sell-off on political uncertainty in Italy and concerns of a possible China-US trade war. However, short-covering by speculators ahead of May derivatives expiry tomorrow and recovery in the rupee reversed the early losses, with the gauge scaling a high 35,017.45. It finally ended at 34,906.11, down 43.13 points, or 0.12 per cent. The Sensex swung over 280 points intra-day. The barometer had lost 216.24 points in the previous session. The 50-share NSE Nifty too settled 18.95 points, or 0.18 per cent, lower at 10,614.35. During the session, it moved between 10,648.70 and 10,558.45. Moody's Investors Service today cut India's 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration. Brokers said the market sentiment was subdued due to lacklustre performance across the Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 407.33 crore, while domestic institutional investors (DIIs) bought shares worth Rs 578.38 crore yesterday, provisional data showed.

Markets end lower for 2nd day; Sensex closes at 34,906.11

Shares ended lower on Tuesday, snapping three sessions of gains, with lenders such as ICICI Bank Ltd and State Bank of India weighing on the indexes.

BSE Sensex closed 216.24 points lower at 34,949.24, while the Nifty 50 ended 55.35 points down at 10,633.30.&nbsp

Nifty bank index ended 1.4 percent lower and the Nifty PSU bank index dropped 2.95 percent.

Among the sectoral indices on BSE, oil and gas, IT, auto and telecom gained, while bankex, finance, realty and consumer durables declined most. On NSE, Nifty PSU Bank Index was down 2.95%. Mahindra, Bharti Airtel, Infosys and TCS were top gainers, whereas ICICI Bank, SBI, IndusInd Bank and Yes Bank were among the major losers.

On NSE, Nifty PSU Bank Index was down 2.95%. Mahindra, Bharti Airtel, Infosys and TCS were top gainers, whereas ICICI Bank, SBI, IndusInd Bank and Yes Bank were among the major losers.

Shares ended lower on Tuesday, snapping three sessions of gains, with lenders such as ICICI Bank Ltd and State Bank of India weighing on the indexes. BSE Sensex closed 216.24 points lower at 34,949.24, while the Nifty 50 ended 55.35 points down at 10,633.30. Nifty bank index ended 1.4 percent lower and the Nifty PSU bank index dropped 2.95 percent. Among the sectoral indices on BSE, oil and gas, IT, auto and telecom gained, while bankex, finance, realty and consumer durables declined most. On NSE, Nifty PSU Bank Index was down 2.95%. Mahindra, Bharti Airtel, Infosys and TCS were top gainers, whereas ICICI Bank, SBI, IndusInd Bank and Yes Bank were among the major losers.

Sensex slips below 35,000, Nifty settles at 10,633 due to banking stocks

The Sensex and Nifty rose slightly on Tuesday, helped by index heavyweight Larsen & Toubro Ltd on strong quarterly results and oil firms on declining crude prices.

However, gains were limited as financials declined. The NSE Bank Index slipped as much as 0.7 per cent after three straight sessions of gain, with ICICI Bank shedding nearly 2 percent.

"It's the continuation of Monday`s rally," said Hitesh Agarwal, EVP and head – retail research, Religare Broking.

"Correction in oil prices in the past couple of days have been a sentiment booster. However, it still remains a concern, hovering around $75 a barrel, as fuel prices are already very high," he said, adding that corporate earnings had been pretty good so far.

The broader Nifty was up 0.2 percent at 10,709.85 as of 0606 GMT, while the Sensex rose 0.13 percent to 35,212.50.

Shares of Larsen & Toubro rose as much as 3.5 per cent to their highest since Feb. 2, after the industrial group posted a 4.7 percent rise in quarterly net profit on Monday.

Shares of oil and gas companies extended their rally, with the Nifty Energy index rising for a third session in a row.&nbsp

Oil prices remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in supply.&nbsp

Indian Oil Corp gained 1.9 percent, while Oil India Ltd climbed 3.5 percent.

Among losers, Vedanta Ltd plunged to its lowest since June 2017 after the southern state of Tamil Nadu ordered the permanent closure of a copper smelter run by its London-listed parent Vedanta Resources.

Aurobindo Pharma Ltd posted its sharpest intraday drop since November 2017, after the drugmaker reported March-quarter results below market expectations.

The Sensex and Nifty rose slightly on Tuesday, helped by index heavyweight Larsen & Toubro Ltd on strong quarterly results and oil firms on declining crude prices

The Sensex and Nifty rose slightly on Tuesday, helped by index heavyweight Larsen & Toubro Ltd on strong quarterly results and oil firms on declining crude prices. However, gains were limited as financials declined. The NSE Bank Index slipped as much as 0.7 per cent after three straight sessions of gain, with ICICI Bank shedding nearly 2 percent. "It's the continuation of Monday`s rally," said Hitesh Agarwal, EVP and head – retail research, Religare Broking. "Correction in oil prices in the past couple of days have been a sentiment booster. However, it still remains a concern, hovering around $75 a barrel, as fuel prices are already very high," he said, adding that corporate earnings had been pretty good so far. The broader Nifty was up 0.2 percent at 10,709.85 as of 0606 GMT, while the Sensex rose 0.13 percent to 35,212.50. Shares of Larsen & Toubro rose as much as 3.5 per cent to their highest since Feb. 2, after the industrial group posted a 4.7 percent rise in quarterly net profit on Monday. Shares of oil and gas companies extended their rally, with the Nifty Energy index rising for a third session in a row. Oil prices remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in supply. Indian Oil Corp gained 1.9 percent, while Oil India Ltd climbed 3.5 percent. Among losers, Vedanta Ltd plunged to its lowest since June 2017 after the southern state of Tamil Nadu ordered the permanent closure of a copper smelter run by its London-listed parent Vedanta Resources. Aurobindo Pharma Ltd posted its sharpest intraday drop since November 2017, after the drugmaker reported March-quarter results below market expectations.

Sensex, Nifty inch higher; L&T top boost

The benchmark BSE Sensex reclaimed the 35,000-mark by surging over 150 points in early trade today on easing geopolitical concerns and a sharp correction in global crude prices.

An appreciating rupee, encouraging earnings by some more companies and easing concerns over US-North Korea summit too boosted investor sentiment.

The 30-share index, which had gained 579.96 points in the previous two sessions, added 156.67 points, or 0.44 per cent, at 35,081.54.

The rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market in early trade today.

Counters such as oil and gas, PSU, healthcare, realty, infrastructure, metal and banking were trading in the positive territory.

The NSE Nifty too edged up by 53.70 points, or 0.50 per cent, to 10,658.85.

Sun Pharma shares rose 4.66 per cent to Rs 488.30 after the drug maker on Friday posted 6.96 per cent increase in its consolidated net profit at Rs 1,308.96 crore for the fourth quarter ended March 2018.

Other major gainers that supported the indices were Yes Bank, SBI, Tata Steel, Axis Bank, Coal India, ONGC, NTPC, Maruti Suzuki, Asian Paint, HDFC Bank, Bharti Airtel, Dr Reddy's, Bajaj Auto and ITC, rising by up to 1.59 per cent.

Traders said building of fresh long positions amid continued buying by domestic institutional investors (DIIs) and Brent crude falling by 1.88 per cent to USD 75 per barrel in global markets, kept the bullish sentiment intact.

Meanwhile, on Friday, DIIs bought shares worth a net of Rs 887.76 crore, while foreign portfolio investors (FPIs) sold shares worth a net Rs 768.29 crore, provisional data showed.

Among other Asian markets, Hong Kong's Hang Seng was up 0.47 per cent, Japan's Nikkei up 0.15 per cent in early trade today. Shanghai Composite Index rose 0.18 per cent

The US Dow Jones Industrial Average ended 0.24 per cent lower in Friday's trade.

The US Dow Jones Industrial Average ended 0.24 per cent lower in Friday's trade

The benchmark BSE Sensex reclaimed the 35,000-mark by surging over 150 points in early trade today on easing geopolitical concerns and a sharp correction in global crude prices. An appreciating rupee, encouraging earnings by some more companies and easing concerns over US-North Korea summit too boosted investor sentiment. The 30-share index, which had gained 579.96 points in the previous two sessions, added 156.67 points, or 0.44 per cent, at 35,081.54. The rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market in early trade today. Counters such as oil and gas, PSU, healthcare, realty, infrastructure, metal and banking were trading in the positive territory. The NSE Nifty too edged up by 53.70 points, or 0.50 per cent, to 10,658.85. Sun Pharma shares rose 4.66 per cent to Rs 488.30 after the drug maker on Friday posted 6.96 per cent increase in its consolidated net profit at Rs 1,308.96 crore for the fourth quarter ended March 2018. Other major gainers that supported the indices were Yes Bank, SBI, Tata Steel, Axis Bank, Coal India, ONGC, NTPC, Maruti Suzuki, Asian Paint, HDFC Bank, Bharti Airtel, Dr Reddy's, Bajaj Auto and ITC, rising by up to 1.59 per cent. Traders said building of fresh long positions amid continued buying by domestic institutional investors (DIIs) and Brent crude falling by 1.88 per cent to USD 75 per barrel in global markets, kept the bullish sentiment intact. Meanwhile, on Friday, DIIs bought shares worth a net of Rs 887.76 crore, while foreign portfolio investors (FPIs) sold shares worth a net Rs 768.29 crore, provisional data showed. Among other Asian markets, Hong Kong's Hang Seng was up 0.47 per cent, Japan's Nikkei up 0.15 per cent in early trade today. Shanghai Composite Index rose 0.18 per cent The US Dow Jones Industrial Average ended 0.24 per cent lower in Friday's trade.

Sensex reclaims 35 thousand mark, rises over 150 points

The expected arrival on time of the southwest monsoon over India`s mainland as well as a fall in global crude oil prices lifted the key domestic equity indices for the third consecutive session on Monday.

According to market analysts, the rebound in rupee strength and healthy buying by domestic investors also supported the key indices.

The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.&nbsp

Among the Sensex constituents, Sun Pharma, Coal India, L&T, Asian Paints and SBI emerged as the top five gainers. Sector-wise, pharma, bank, auto and FMCG led the gains.&nbsp

A widening of positions by retail investors amid continued buying by domestic institutional investors (DIIs) kept the bullish sentiment intact.

In the Asian markets too, a firming trend was seen today as geopolitical worries eased after the US and North Korean officials met to resume preparations for a summit between the leaders of the two countries. &nbsp &nbsp

In yet another positive sign, prices of Brent crude -- an international benchmark for crude oil — fell further by 1.88 per cent to USD 75 per barrel in global markets.

On Friday, Brent sank 3 per cent and WTI fell 4 per cent, and in early Asia business, they were both down a further 2 per cent. &nbsp &nbsp

Further lifting investors' mood, the rupee today strengthened by 49 paise to 67.29 (intra-day) against the dollar at the interbank forex market today. 
&nbsp &nbsp &nbsp 
"Fall in oil price in expectation of more supply from OPEC and improved optimism on US and N. Korea summit influenced the market to rally.On domestic front, 10-year yield inched lower while rupee gained some traction which will give cushion on inflation front and fiscal path," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said.&nbsp

He said that additionally, market optimism may increase as monsoon is about to hit the southern peninsula regions which will support the consumption-led story and rural economy.&nbsp

Driven by capital goods, oil and gas, PSU and healthcare, the flagship Sensex reclaimed the 35,000-mark at the outset to hit a high of 35,240.96 before settling at 35,165.48, up 240.61 points, or 0.69 per cent. It also touched a low of 35,006.50.

The gauge had climbed 579.96 points in the previous two days. 
For the 50-share NSE Nifty, the closing came in at 10,688.65, higher by 83.50 points, or 0.79 per cent, after hovering between 10,709.80 and 10,640.55.

Stocks of state-run oil marketing and aviation companies were in the limelight after crude oil prices dropped in global markets. HPCL, BPCL and IOC gained by up to 6.10 per cent per cent after global crude corrected to USD 75 a barrel from the 2018 high of USD 80.50 a barrel.

In the aviation space, Spicejet Ltd climbed 20 per cent, Jet Airways up 7.67 per cent, while InterGlobe Aviation gained 2.38 per cent. 
Domestic financial institutions continued to hold ground and retail investors built up more bets amid a firming Asian trend.

Domestic institutional investors (DIIs) picked up shares worth a net Rs 887.76 crore on Friday. Foreign portfolio investors (FPIs) exited, pulling out shares amounting to Rs 768.29 crore on a net basis, showed provisional data.

During the session, stocks of automakers attracted investors' attention ahead of sale numbers data for May later this week.

Sun Pharma topped the Sensex list by surging 7.11 per cent after the drug maker on Friday posted 6.96 per cent increase in its consolidated net profit at Rs 1,308.96 crore for the fourth quarter ended March 2018.

State-run power giant NTPC ended higher by 1.36 per cent after the company today posted 40.69 per cent jump in its standalone net profit at Rs 2,925.59 crore for the quarter ended on March 31, 2018.

Other big movers of the day were Coal India rose 3.22 per cent, L&T 2.52 per cent, Asian Paint 2.31 per cent, SBI 1.97 per cent, Maruti Suzuki 1.86 per cent, Yes Bank 1.52 per cent, HDFC Bank 1.52 per cent, Axis Bank 1.49 per cent, Tata Steel 1.48 per cent, Bajaj Auto 1.45 per cent, Hero MotoCorp 1.30 per cent, ITC Ltd 1.18 per cent, Dr Reddy's 0.97 per cent.&nbsp

Among other gainers were ICICI Bank 0.93 per cent, Tata Motors 0.68 per cent, HDFC Ltd 0.57 per cent, Hind Unilever 0.39 per cent and ONGC 0.34 per cent.

However, tech stocks such as TCS fell 0.39 per cent, Infosys 1.16 per cent and Wipro 0.60 per cent on worries that a stronger rupee could hit returns from the US market, the biggest source of revenue for Indian IT companies. 
As for sectoral indices, the BSE capital goods took the lead by rising 2.50 per cent, followed by oil & gas 2.47 per cent, PSU (2.45 pc), healthcare (2.11 pc), realty (1.58 pc), power (1.25 pc), bankex (1.18 pc), infrastructure (1.16 pc), auto (1.12 pc), metal (0.95 pc), FMCG (0.55 pc) and consumer durables (0.09 pc).

While IT index lost 1.72 per cent following more appreciation in rupee's value, while teck ended 1.33 per cent down.

Broader markets such as small-cap and mid-cap indices too rallied in step with key indices, surging by 1.60 per cent and 1.35 per cent, respectively.&nbsp 
In the Asian region, Hong Kong's Hang Seng rose 0.72 per cent, while Japan's Nikkei gained 0.13 per cent. Taiwan up 0.42 per cent, while Singapore rose 0.20 per cent but China's Shanghai Composite Index shed 0.20 per cent.

Key indices in Europe were in a better shape in their early session. Frankfurt's DAX was up 0.59 per cent and Paris CAC 40 gained 0.46 per cent.

(With inputs from PTI)

Among the Sensex constituents, Sun Pharma, Coal India, L&T, Asian Paints and SBI emerged as the top five gainers.

The expected arrival on time of the southwest monsoon over India`s mainland as well as a fall in global crude oil prices lifted the key domestic equity indices for the third consecutive session on Monday. According to market analysts, the rebound in rupee strength and healthy buying by domestic investors also supported the key indices. The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65. Among the Sensex constituents, Sun Pharma, Coal India, L&T, Asian Paints and SBI emerged as the top five gainers. Sector-wise, pharma, bank, auto and FMCG led the gains. A widening of positions by retail investors amid continued buying by domestic institutional investors (DIIs) kept the bullish sentiment intact. In the Asian markets too, a firming trend was seen today as geopolitical worries eased after the US and North Korean officials met to resume preparations for a summit between the leaders of the two countries. In yet another positive sign, prices of Brent crude -- an international benchmark for crude oil — fell further by 1.88 per cent to USD 75 per barrel in global markets. On Friday, Brent sank 3 per cent and WTI fell 4 per cent, and in early Asia business, they were both down a further 2 per cent. Further lifting investors' mood, the rupee today strengthened by 49 paise to 67.29 (intra-day) against the dollar at the interbank forex market today. "Fall in oil price in expectation of more supply from OPEC and improved optimism on US and N. Korea summit influenced the market to rally.On domestic front, 10-year yield inched lower while rupee gained some traction which will give cushion on inflation front and fiscal path," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said. He said that additionally, market optimism may increase as monsoon is about to hit the southern peninsula regions which will support the consumption-led story and rural economy. Driven by capital goods, oil and gas, PSU and healthcare, the flagship Sensex reclaimed the 35,000-mark at the outset to hit a high of 35,240.96 before settling at 35,165.48, up 240.61 points, or 0.69 per cent. It also touched a low of 35,006.50. The gauge had climbed 579.96 points in the previous two days. For the 50-share NSE Nifty, the closing came in at 10,688.65, higher by 83.50 points, or 0.79 per cent, after hovering between 10,709.80 and 10,640.55. Stocks of state-run oil marketing and aviation companies were in the limelight after crude oil prices dropped in global markets. HPCL, BPCL and IOC gained by up to 6.10 per cent per cent after global crude corrected to USD 75 a barrel from the 2018 high of USD 80.50 a barrel. In the aviation space, Spicejet Ltd climbed 20 per cent, Jet Airways up 7.67 per cent, while InterGlobe Aviation gained 2.38 per cent. Domestic financial institutions continued to hold ground and retail investors built up more bets amid a firming Asian trend. Domestic institutional investors (DIIs) picked up shares worth a net Rs 887.76 crore on Friday. Foreign portfolio investors (FPIs) exited, pulling out shares amounting to Rs 768.29 crore on a net basis, showed provisional data. During the session, stocks of automakers attracted investors' attention ahead of sale numbers data for May later this week. Sun Pharma topped the Sensex list by surging 7.11 per cent after the drug maker on Friday posted 6.96 per cent increase in its consolidated net profit at Rs 1,308.96 crore for the fourth quarter ended March 2018. State-run power giant NTPC ended higher by 1.36 per cent after the company today posted 40.69 per cent jump in its standalone net profit at Rs 2,925.59 crore for the quarter ended on March 31, 2018. Other big movers of the day were Coal India rose 3.22 per cent, L&T 2.52 per cent, Asian Paint 2.31 per cent, SBI 1.97 per cent, Maruti Suzuki 1.86 per cent, Yes Bank 1.52 per cent, HDFC Bank 1.52 per cent, Axis Bank 1.49 per cent, Tata Steel 1.48 per cent, Bajaj Auto 1.45 per cent, Hero MotoCorp 1.30 per cent, ITC Ltd 1.18 per cent, Dr Reddy's 0.97 per cent. Among other gainers were ICICI Bank 0.93 per cent, Tata Motors 0.68 per cent, HDFC Ltd 0.57 per cent, Hind Unilever 0.39 per cent and ONGC 0.34 per cent. However, tech stocks such as TCS fell 0.39 per cent, Infosys 1.16 per cent and Wipro 0.60 per cent on worries that a stronger rupee could hit returns from the US market, the biggest source of revenue for Indian IT companies. As for sectoral indices, the BSE capital goods took the lead by rising 2.50 per cent, followed by oil & gas 2.47 per cent, PSU (2.45 pc), healthcare (2.11 pc), realty (1.58 pc), power (1.25 pc), bankex (1.18 pc), infrastructure (1.16 pc), auto (1.12 pc), metal (0.95 pc), FMCG (0.55 pc) and consumer durables (0.09 pc). While IT index lost 1.72 per cent following more appreciation in rupee's value, while teck ended 1.33 per cent down. Broader markets such as small-cap and mid-cap indices too rallied in step with key indices, surging by 1.60 per cent and 1.35 per cent, respectively. In the Asian region, Hong Kong's Hang Seng rose 0.72 per cent, while Japan's Nikkei gained 0.13 per cent. Taiwan up 0.42 per cent, while Singapore rose 0.20 per cent but China's Shanghai Composite Index shed 0.20 per cent. Key indices in Europe were in a better shape in their early session. Frankfurt's DAX was up 0.59 per cent and Paris CAC 40 gained 0.46 per cent. (With inputs from PTI)

Sensex surges 240 points, Nifty settles at 10,688; rupee recovers

Stocks defied gravity for the second straight session on Friday as recently-mauled energy and metal counters attracted heavy buying interest.

A recovering rupee, encouraging earnings and unabated buying by domestic institutional investors added to the momentum, brokers said.

The BSE Sensex surged over 261 points to finish at 34,924.87, while the broader NSE Nifty jumped 91.30 points to 10,605.15.

On the global front, investors were cautious after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un and threatened to impose tariffs on auto imports.

The 30-share BSE Sensex opened on a strong footing at 34,753.47 and maintained its upward trend to hit the day's high of 35,017.93. It finally ended at 34,924.87, up 261.76 points, or 0.76 per cent.

The index had rallied 318.20 points in the previous session.

The Nifty finished the day at 10,605.15, showing a hefty gain of 91.30 points, or 0.87 per cent, after shuttling between 10,628.05 and 10,524.

On a weekly basis, the Sensex scored a moderate gain of 76.57 points, or 0.22 per cent while the Nifty rose 8.75 points, or 0.08 per cent.

Meanwhile, Indian markets have witnessed a significant rise during the first four years of the Narendra Modi government.&nbsp;

Since May 26, 2014, the day Modi was sworn in as the Prime Minister, the benchmark Sensex has risen by 10,207.99 points or 41.30 per cent, while the NSE Nifty spurted 3,246.10 points or 44.11 per cent. The Sensex hit a lifetime high of 36,443.98 on January 29, 2018.

"A less than hawkish US Fed minutes and positive global cues uplifted domestic sentiments. Short covering was broad-based across sectors, while some buying interest was seen in mid and small cap stocks.&nbsp;

"Some respite was seen in INR and oil prices which helped the market to recoup its losses this week," said Vinod Nair, Head of Research, Geojit Financial Services.

Domestic institutional investors (DIIs) net bought equities worth Rs 1,480.51 crore, while foreign portfolio investors (FPIs) sold shares to the tune of Rs 701.93 crore yesterday, provisional data showed.

State-owned oil companies IOC, ONGC, HPCL and BPCL recovered after a sharp decline yesterday.

ONGC was the top performer in the Sensex pack, rising 4.59 per cent, with global crude oil benchmark Brent dipping to USD 77.03 a barrel.

IT stocks extend gains for the second day, led by Infosys 0.57 per cent, Tata Elxsi 3.03 per cent and Wipro 0.28 per cent.

Tata Consultancy Services' market valuation surged past the Rs 7 lakh crore mark in intra-day trade, making it the first company to achieve this milestone.

Tata Steel climbed 3.43 per cent after the NCLAT refused to entertain a second round of bidding for Bhushan Steel.

Other gainers in the Sensex pack were Yes Bank 2.71 per cent, IndusInd Bank 2.29 per cent, Adani Ports 2.17 per cent, Axis Bank 1.88 per cent, Hero Motocorp 1.85 per cent, Tata Motors 1.82 per cent, Kotak Bank 1.78 per cent, Bharti Airtel 1.76 per cent, Maruti Suzuki 1.63 per cent, M&M 1.55 per cent, HDFC Bank 1.30 per cent, Sun Pharma 0.97 per cent, Bajaj Auto 0.95 per cent, HUL 0.90 per cent, HDFC Ltd 0.71 per cent, RIL 0.62 per cent, Infosys 0.57 per cent, L&T 0.38 per cent and Wipro 0.28 per cent.

However, Coal India fell 1.36 per cent, ITC 1.04 per cent, SBI 0.56 per cent, TCS 0.43 per cent, ICICI Bank 0.25 per cent, Dr Reddy's 0.08 per cent and Asian Paints 0.04 per cent.

Among sectoral indices, oil and gas rose 3.05 per cent, metal 2.20 per cent, infrastructure 1.98 per cent, auto 1.70 per cent, PSU 1.42 per cent, power 1.37 per cent, realty 1.27 per cent, healthcare 1.05 per cent, bankex 1.02 per cent, capital goods 0.65 per cent, teck 0.37 per cent, FMCG 0.21 per cent and IT 0.15 per cent.

Consumer durables was the sole loser, declined 0.29 per cent.

The broader markets also showed a firming trend, with the mid-cap index advancing by 1.55 per cent and small-cap gaining 1.17 per cent.

Vedanta Ltd shares recovered 0.60 per cent after a two-session falling streak.

In the Asian region, Japan's Nikkei ended 0.06 per cent higher, while Hong Kong's Hang Seng fell 0.56 per cent and Shanghai Composite shed 0.42 per cent.

In the Eurozone, Frankfurt's DAX rose 0.99 per cent and Paris CAC gained 0.52 per cent in early deals. London's FTSE rose 0.14 per cent.&nbsp;

The BSE Sensex surged over 261 points to finish at 34,924.87, while the broader NSE Nifty jumped 91.30 points to 10,605.15

Stocks defied gravity for the second straight session on Friday as recently-mauled energy and metal counters attracted heavy buying interest. A recovering rupee, encouraging earnings and unabated buying by domestic institutional investors added to the momentum, brokers said. The BSE Sensex surged over 261 points to finish at 34,924.87, while the broader NSE Nifty jumped 91.30 points to 10,605.15. On the global front, investors were cautious after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un and threatened to impose tariffs on auto imports. The 30-share BSE Sensex opened on a strong footing at 34,753.47 and maintained its upward trend to hit the day's high of 35,017.93. It finally ended at 34,924.87, up 261.76 points, or 0.76 per cent. The index had rallied 318.20 points in the previous session. The Nifty finished the day at 10,605.15, showing a hefty gain of 91.30 points, or 0.87 per cent, after shuttling between 10,628.05 and 10,524. On a weekly basis, the Sensex scored a moderate gain of 76.57 points, or 0.22 per cent while the Nifty rose 8.75 points, or 0.08 per cent. Meanwhile, Indian markets have witnessed a significant rise during the first four years of the Narendra Modi government. Since May 26, 2014, the day Modi was sworn in as the Prime Minister, the benchmark Sensex has risen by 10,207.99 points or 41.30 per cent, while the NSE Nifty spurted 3,246.10 points or 44.11 per cent. The Sensex hit a lifetime high of 36,443.98 on January 29, 2018. "A less than hawkish US Fed minutes and positive global cues uplifted domestic sentiments. Short covering was broad-based across sectors, while some buying interest was seen in mid and small cap stocks. "Some respite was seen in INR and oil prices which helped the market to recoup its losses this week," said Vinod Nair, Head of Research, Geojit Financial Services. Domestic institutional investors (DIIs) net bought equities worth Rs 1,480.51 crore, while foreign portfolio investors (FPIs) sold shares to the tune of Rs 701.93 crore yesterday, provisional data showed. State-owned oil companies IOC, ONGC, HPCL and BPCL recovered after a sharp decline yesterday. ONGC was the top performer in the Sensex pack, rising 4.59 per cent, with global crude oil benchmark Brent dipping to USD 77.03 a barrel. IT stocks extend gains for the second day, led by Infosys 0.57 per cent, Tata Elxsi 3.03 per cent and Wipro 0.28 per cent. Tata Consultancy Services' market valuation surged past the Rs 7 lakh crore mark in intra-day trade, making it the first company to achieve this milestone. Tata Steel climbed 3.43 per cent after the NCLAT refused to entertain a second round of bidding for Bhushan Steel. Other gainers in the Sensex pack were Yes Bank 2.71 per cent, IndusInd Bank 2.29 per cent, Adani Ports 2.17 per cent, Axis Bank 1.88 per cent, Hero Motocorp 1.85 per cent, Tata Motors 1.82 per cent, Kotak Bank 1.78 per cent, Bharti Airtel 1.76 per cent, Maruti Suzuki 1.63 per cent, M&M 1.55 per cent, HDFC Bank 1.30 per cent, Sun Pharma 0.97 per cent, Bajaj Auto 0.95 per cent, HUL 0.90 per cent, HDFC Ltd 0.71 per cent, RIL 0.62 per cent, Infosys 0.57 per cent, L&T 0.38 per cent and Wipro 0.28 per cent. However, Coal India fell 1.36 per cent, ITC 1.04 per cent, SBI 0.56 per cent, TCS 0.43 per cent, ICICI Bank 0.25 per cent, Dr Reddy's 0.08 per cent and Asian Paints 0.04 per cent. Among sectoral indices, oil and gas rose 3.05 per cent, metal 2.20 per cent, infrastructure 1.98 per cent, auto 1.70 per cent, PSU 1.42 per cent, power 1.37 per cent, realty 1.27 per cent, healthcare 1.05 per cent, bankex 1.02 per cent, capital goods 0.65 per cent, teck 0.37 per cent, FMCG 0.21 per cent and IT 0.15 per cent. Consumer durables was the sole loser, declined 0.29 per cent. The broader markets also showed a firming trend, with the mid-cap index advancing by 1.55 per cent and small-cap gaining 1.17 per cent. Vedanta Ltd shares recovered 0.60 per cent after a two-session falling streak. In the Asian region, Japan's Nikkei ended 0.06 per cent higher, while Hong Kong's Hang Seng fell 0.56 per cent and Shanghai Composite shed 0.42 per cent. In the Eurozone, Frankfurt's DAX rose 0.99 per cent and Paris CAC gained 0.52 per cent in early deals. London's FTSE rose 0.14 per cent.

Benchmarks soar for 2nd day; end volatile week with modest gains

The BSE Sensex rebounded about 153 points in opening trade today on fresh buying in IT, teck, capital goods and healthcare counters amid mixed overseas cues.

Buying by domestic institutional investors and strengthening rupee also supported the recovery, brokers said.

Asian stocks traded mixed amid caution over US-China trade relations.

US stocks closed higher yesterday after minutes from the Federal Reserve's meeting reassured investors that the central bank will not be too aggressive with raising interest rates.

The 30-share Sensex rose 152.81 points, or 0.44 per cent, to 34,497.72, with sectoral indices IT, teck, capital goods, healthcare, power, consumer durables, bankex and realty advancing by up to 1.77 per cent.

The gauge had lost 306.33 points in the previous session.

The NSE Nifty also moved up by 38.15 points, or 0.36 per cent, to 10,468.50.

Major gainers were Infosys, Tata Steel, TCS, HDFC Ltd, Bharti Airtel, Coal India, Sun Pharma, Wipro, Yes Bank, Power Grid, Axis Bank and RIL, gaining up to 2.38 per cent

State-run lender SBI also extended its gaining streak for the third straight session, inching up 0.32 per cent to Rs 264.05.

However, Tata Motors plunged 4.41 per cent after the company yesterday reported a 49.82 per cent decline in consolidated net profit at Rs 2,176.16 crore for the March quarter with its British arm JLR continuing to face challenges in the UK and

Europe, in addition to one time impairment charge.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 789.78 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 311.11 crore yesterday, as per provisional data.

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.32 per cent while Shanghai Composite index was up 0.04 per cent in early trade today. However, Japan's Nikkei fell 1.10 per cent.

The Dow Jones Industrial Average ended 0.21 per cent higher in yesterday's trade but geopolitical and trade concerns continued to dent investor sentiment.&nbsp

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 789.78 crore

The BSE Sensex rebounded about 153 points in opening trade today on fresh buying in IT, teck, capital goods and healthcare counters amid mixed overseas cues. Buying by domestic institutional investors and strengthening rupee also supported the recovery, brokers said. Asian stocks traded mixed amid caution over US-China trade relations. US stocks closed higher yesterday after minutes from the Federal Reserve's meeting reassured investors that the central bank will not be too aggressive with raising interest rates. The 30-share Sensex rose 152.81 points, or 0.44 per cent, to 34,497.72, with sectoral indices IT, teck, capital goods, healthcare, power, consumer durables, bankex and realty advancing by up to 1.77 per cent. The gauge had lost 306.33 points in the previous session. The NSE Nifty also moved up by 38.15 points, or 0.36 per cent, to 10,468.50. Major gainers were Infosys, Tata Steel, TCS, HDFC Ltd, Bharti Airtel, Coal India, Sun Pharma, Wipro, Yes Bank, Power Grid, Axis Bank and RIL, gaining up to 2.38 per cent State-run lender SBI also extended its gaining streak for the third straight session, inching up 0.32 per cent to Rs 264.05. However, Tata Motors plunged 4.41 per cent after the company yesterday reported a 49.82 per cent decline in consolidated net profit at Rs 2,176.16 crore for the March quarter with its British arm JLR continuing to face challenges in the UK and Europe, in addition to one time impairment charge. Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 789.78 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 311.11 crore yesterday, as per provisional data. Elsewhere in Asia, Hong Kong's Hang Seng rose 0.32 per cent while Shanghai Composite index was up 0.04 per cent in early trade today. However, Japan's Nikkei fell 1.10 per cent. The Dow Jones Industrial Average ended 0.21 per cent higher in yesterday's trade but geopolitical and trade concerns continued to dent investor sentiment.

Sensex recoups 153 points on global cues

Benchmark indices fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd hit an over 10-month low as protests against its copper plant in south India turned violent.

BSE Sensex closed lower by 306.33 points, or 0.88%, to 34,344.91, while the Nifty 50 fell 106.35 points, or 1.01%, to close at 10,430.35.&nbsp;

All the sectoral indices on BSE, except capital goods and consumer durables, ended lower with metal, oil and gas, basic materials and energy fell up to 3.93%.

All the sectoral indices on BSE, except capital goods and consumer durables, ended lower with metal, oil and gas, basic materials and energy fell up to 3.93%.

Benchmark indices fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd hit an over 10-month low as protests against its copper plant in south India turned violent. BSE Sensex closed lower by 306.33 points, or 0.88%, to 34,344.91, while the Nifty 50 fell 106.35 points, or 1.01%, to close at 10,430.35. All the sectoral indices on BSE, except capital goods and consumer durables, ended lower with metal, oil and gas, basic materials and energy fell up to 3.93%.

Sensex sinks 306 points, closes at 34,345, Nifty settles at 10,430

Benchmark indices BSE Sensex and NSE’s Nifty 50 closed marginally higher on Tuesday after falling for last five sessions, following mixed cues from global markets and political uncertainty in Karnataka amid fourth-quarter earnings.&nbsp

BSE Sensex closed 35.11 points higher at 34,651.24, while the Nifty 50 ended 20 points up at 10,536.70.&nbsp

Equities in Europe and Asia were mixed despite gains on Wall Street on the back of an apparent cooling in recent US-China trade tensions.&nbsp

BSE MidCap and SmallCap rose 0.65%. Among the sectoral indices on BSE, auto, metal, realty, healthcare and industrials gained over 1%, while oil and gas, energy, FMCG and utilities declined up to 0.41%.

On NSE, Nifty PSU Bank rose 3.65% led by SBI, which was up 4.60%. Dr Reddy’s Labs, Bajaj Auto, Tata Motors and SBI were top gainers, whereas TCS, Asian Paints, Axis Bank and IndusInd Bank were among the major losers.

BSE Sensex closed 35.11 points higher at 34,651.24, while the Nifty 50 ended 20 points up at 10,536.70.

Benchmark indices BSE Sensex and NSE’s Nifty 50 closed marginally higher on Tuesday after falling for last five sessions, following mixed cues from global markets and political uncertainty in Karnataka amid fourth-quarter earnings. BSE Sensex closed 35.11 points higher at 34,651.24, while the Nifty 50 ended 20 points up at 10,536.70. Equities in Europe and Asia were mixed despite gains on Wall Street on the back of an apparent cooling in recent US-China trade tensions. BSE MidCap and SmallCap rose 0.65%. Among the sectoral indices on BSE, auto, metal, realty, healthcare and industrials gained over 1%, while oil and gas, energy, FMCG and utilities declined up to 0.41%. On NSE, Nifty PSU Bank rose 3.65% led by SBI, which was up 4.60%. Dr Reddy’s Labs, Bajaj Auto, Tata Motors and SBI were top gainers, whereas TCS, Asian Paints, Axis Bank and IndusInd Bank were among the major losers.

Sensex closes at 34,651.24, Nifty ends at 10,537

Markets saw a positive start today as the benchmark Sensex bounced by about 126 points, reversing its four-session losing streak, on the back of a firming trend at other Asian markets.

The 30-share barometer recovered 125.65 points, or 0.36 per cent, at 34,973.95. It had lost 708.41 points in the previous four sessions largely on political uncertainty in Karnataka.

PSU, banking, metal, IT capital goods and teck indices rose by up to 0.43 per cent.

The NSE Nifty moved up by 25.30 points, or 0.23 per cent, to 10,621.70.

Support came from TCS, SBI, ICICI Bank, Bharti Airtel, ONGC, L&T, Tata Steel, IndusInd Bank, Adani Ports, Yes Bank, Power Grid, NTPC and HDFC Bank, which climbed by up to 2.05 per cent.

Meanwhile, foreign portfolio investors (FPIs) net sold shares worth Rs 166.15 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 149.58 crore on Friday, as per provisional data.

On the domestic front, the political slugfest in Karnataka culminated with the BJP's B S Yeddyurappa quitting minutes before he was to face a floor test to prove his contested majority in the hung assembly. The JD(S)-Congress combine, led by the regional party's chief H D Kumaraswamy, is set to form the government in the state.&nbsp

Asian markets were higher in early trade. Hong Kong's Hang Seng was up 1.21 per cent while Japan's Nikkei rose 0.49 per cent. Shanghai Composite too was up 0.64 per cent.

The US Dow Jones Industrial Average ended flat on Friday.&nbsp

The 30-share barometer recovered 125.65 points, or 0.36 per cent, at 34,973.95. It had lost 708.41 points in the previous four sessions largely on political uncertainty in Karnataka

Markets saw a positive start today as the benchmark Sensex bounced by about 126 points, reversing its four-session losing streak, on the back of a firming trend at other Asian markets. The 30-share barometer recovered 125.65 points, or 0.36 per cent, at 34,973.95. It had lost 708.41 points in the previous four sessions largely on political uncertainty in Karnataka. PSU, banking, metal, IT capital goods and teck indices rose by up to 0.43 per cent. The NSE Nifty moved up by 25.30 points, or 0.23 per cent, to 10,621.70. Support came from TCS, SBI, ICICI Bank, Bharti Airtel, ONGC, L&T, Tata Steel, IndusInd Bank, Adani Ports, Yes Bank, Power Grid, NTPC and HDFC Bank, which climbed by up to 2.05 per cent. Meanwhile, foreign portfolio investors (FPIs) net sold shares worth Rs 166.15 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 149.58 crore on Friday, as per provisional data. On the domestic front, the political slugfest in Karnataka culminated with the BJP's B S Yeddyurappa quitting minutes before he was to face a floor test to prove his contested majority in the hung assembly. The JD(S)-Congress combine, led by the regional party's chief H D Kumaraswamy, is set to form the government in the state. Asian markets were higher in early trade. Hong Kong's Hang Seng was up 1.21 per cent while Japan's Nikkei rose 0.49 per cent. Shanghai Composite too was up 0.64 per cent. The US Dow Jones Industrial Average ended flat on Friday.

Sensex up 126 points on Asian cues

The benchmark Sensex slumped 300 points to end at 34,848.30 today on across-the-board selling amid political uncertainty in Karnataka and negative global cues.

The broader NSE Nifty too cracked below the 10,600-level.

No let-up in selling by foreign funds and surging crude oil prices in global markets dragged down the key indices.

Investors remained on the sidelines amid doubts whether the B S Yeddyurappa government in Karnataka will be able to prove its majority in the house tomorrow, brokers said.

The Supreme Court today ordered a floor test in the Karnataka Assembly at 4 PM tomorrow, reducing the 15-day window given by the Governor to Yeddyurappa to prove majority.

Yeddyurappa was sworn-in as the chief minister yesterday.

Falling for the fourth straight session, the 30-share Sensex opened lower and stayed in the negative terrain for the major part of the session, hitting a low of 34,821.62 before ending at 34,848.30 - down by 300.82 points, or 0.86 per cent.&nbsp

The barometer had lost 407.59 points in the previous three sessions.

The 50-share NSE Nifty settled 86.30 points, or 0.81 per cent, lower at 10,596.40. During the session, it moved between 10,589.10 and 10,674.95.

During the week, the Sensex lost 687.49 points, or 1.93 per cent, while the Nifty dropped 210.10 points, or 1.94 per cent.&nbspState-run banks remained under selling pressure on disappointing quarterly results due to a jump in provisions for bad loans. 
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The barometer had lost 407.59 points in the previous three sessions.

The benchmark Sensex slumped 300 points to end at 34,848.30 today on across-the-board selling amid political uncertainty in Karnataka and negative global cues. The broader NSE Nifty too cracked below the 10,600-level. No let-up in selling by foreign funds and surging crude oil prices in global markets dragged down the key indices. Investors remained on the sidelines amid doubts whether the B S Yeddyurappa government in Karnataka will be able to prove its majority in the house tomorrow, brokers said. The Supreme Court today ordered a floor test in the Karnataka Assembly at 4 PM tomorrow, reducing the 15-day window given by the Governor to Yeddyurappa to prove majority. Yeddyurappa was sworn-in as the chief minister yesterday. Falling for the fourth straight session, the 30-share Sensex opened lower and stayed in the negative terrain for the major part of the session, hitting a low of 34,821.62 before ending at 34,848.30 - down by 300.82 points, or 0.86 per cent. The barometer had lost 407.59 points in the previous three sessions. The 50-share NSE Nifty settled 86.30 points, or 0.81 per cent, lower at 10,596.40. During the session, it moved between 10,589.10 and 10,674.95. During the week, the Sensex lost 687.49 points, or 1.93 per cent, while the Nifty dropped 210.10 points, or 1.94 per cent.&nbspState-run banks remained under selling pressure on disappointing quarterly results due to a jump in provisions for bad loans.

Karnataka effect: Sensex closes 300 points down

Even as monsoon is predicted to be normal this year, its uneven distribution could spike food prices, and inflation is likely to edge further, says a report.

According to Dun & Bradstreet, rising fuel prices in India, which touched an all-time high, is likely to feed into other segments and keep the rate of inflation higher.

D&B expects CPI inflation to be in the range of 4.6-4.7 per cent and WPI inflation around 3.6-3.8 per cent this month.

"The assumption of a normal monsoon has been one of the primary factors considered for improvement in demand in the current year.&nbsp

"However, spatial distribution of rainfall needs to be monitored carefully before setting in firm expectations as uneven distribution of rainfall could flare up food inflation," said Arun Singh, Lead Economist D&B India.

Moreover, factors like geopolitical risks, escalating tensions in global trade, volatility in international crude oil prices and sharp depreciation in rupee underline the upside risk to inflation.

"Domestically, we look forward for the government to fulfil its commitment to revive investments, execute infrastructure projects and continue the policy momentum," Singh said.

The report further said the consistent growth clocked by the capital and infrastructure goods sector is likely to support the IIP growth rates going ahead.

D&B expects Index of Industrial Production (IIP) to have grown by 6.5-7.5 per cent during April this year.

The report further said the consistent growth clocked by the capital and infrastructure goods sector is likely to support the IIP growth rates going ahead.

Even as monsoon is predicted to be normal this year, its uneven distribution could spike food prices, and inflation is likely to edge further, says a report. According to Dun & Bradstreet, rising fuel prices in India, which touched an all-time high, is likely to feed into other segments and keep the rate of inflation higher. D&B expects CPI inflation to be in the range of 4.6-4.7 per cent and WPI inflation around 3.6-3.8 per cent this month. "The assumption of a normal monsoon has been one of the primary factors considered for improvement in demand in the current year. "However, spatial distribution of rainfall needs to be monitored carefully before setting in firm expectations as uneven distribution of rainfall could flare up food inflation," said Arun Singh, Lead Economist D&B India. Moreover, factors like geopolitical risks, escalating tensions in global trade, volatility in international crude oil prices and sharp depreciation in rupee underline the upside risk to inflation. "Domestically, we look forward for the government to fulfil its commitment to revive investments, execute infrastructure projects and continue the policy momentum," Singh said. The report further said the consistent growth clocked by the capital and infrastructure goods sector is likely to support the IIP growth rates going ahead. D&B expects Index of Industrial Production (IIP) to have grown by 6.5-7.5 per cent during April this year.

Uneven monsoon could spike food prices, inflation to edge higher: Report

Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's BS Yeddyurappa was sworn in as the chief minister of Karnataka. 
 
Unabated buying by domestic institutional investors set the tone, brokers said. 
 
BJP legislature party leader B S Yeddyurappa was today sworn in as the chief minister of Karnataka for the second time, after an overnight high-voltage legal battle in the Supreme Court. 
 
The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions. 
 
All the sectoral indices, led by consumer durables, realty, metal, power and banking, were in the green. 
 
The NSE Nifty also jumped 36.15 points, or 0.33 per cent, to 10,777.25. 
 
Major movers in the Sensex kitty included Coal India, Power Grid, Wipro, SBI, Kotak Bank, Sun Pharma, ICICI Bank, TCS, Infosys, M&M, L&T and Maruti Suzuki, rising up to 1.79 per cent. 
 
Tata Steel, however, fell 0.83 per cent despite the company yesterday reporting a consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March, 2018. 
 
Domestic institutional investors (DIIs) bought shares worth a net Rs 229.06 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 699.22 crore yesterday, as per provisional data. 
 
In the rest of Asia, Japan's Nikkei rose 0.44 per cent, Hong Kong's Hang Seng inched up 0.01 per cent, while Shanghai Composite Index shed 0.35 per cent in early deals. 
 
The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday as retailers results and solid economic data boosted confidence in the American economy.&nbsp

 
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The 30-share Sensex bounced 122.13 points, or 0.34%, to 35,510.01. It had lost 168.83 points in the previous two sessions

Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's BS Yeddyurappa was sworn in as the chief minister of Karnataka. Unabated buying by domestic institutional investors set the tone, brokers said. BJP legislature party leader B S Yeddyurappa was today sworn in as the chief minister of Karnataka for the second time, after an overnight high-voltage legal battle in the Supreme Court. The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions. All the sectoral indices, led by consumer durables, realty, metal, power and banking, were in the green. The NSE Nifty also jumped 36.15 points, or 0.33 per cent, to 10,777.25. Major movers in the Sensex kitty included Coal India, Power Grid, Wipro, SBI, Kotak Bank, Sun Pharma, ICICI Bank, TCS, Infosys, M&M, L&T and Maruti Suzuki, rising up to 1.79 per cent. Tata Steel, however, fell 0.83 per cent despite the company yesterday reporting a consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March, 2018. Domestic institutional investors (DIIs) bought shares worth a net Rs 229.06 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 699.22 crore yesterday, as per provisional data. In the rest of Asia, Japan's Nikkei rose 0.44 per cent, Hong Kong's Hang Seng inched up 0.01 per cent, while Shanghai Composite Index shed 0.35 per cent in early deals. The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday as retailers results and solid economic data boosted confidence in the American economy.

Sensex climbs 122 points in early trade

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