The BSE Sensex tanked 440 points to end at an over three-month low of 31,159.81 due to across the board selling by investors ahead of the expiry of September derivatives and weakness in the Rupee amid mixed global cues.

Extending its falling streak for the seventh straight session,&nbsp;the longest losing streak since&nbsp;December 22, the 30-share index fell by 439.95 points, or 1.39 per cent, to settle at 31,159.81 as RIL, HDFC, HDFC Bank, ITC, SBI and L&amp;T dropped.

This is the weakest closing since&nbsp;June 30&nbsp;when it had settled at 30,921.61.

The broader NSE Nifty cracked below the key 9,800-mark. It had regained the key 9,900-mark at the outset, but failed to hold on to the crucial level and dipped below the 9800-mark to hit a low of 9,714.40.

It finally settled down 135.75 points, or 1.38 per cent, at 9,735.75, it lowest closing since&nbsp;August 11&nbsp;when it closed at 9,710.80.

The September futures and options contracts are set to expire&nbsp;tomorrow, which made participants wait and watch.

Sentiments suffered another setback amid expectations of a rate hike by the US Federal Reserve later this year, accelerating the pace of outflows by foreign investors, offsetting unabated buying by DIIs, brokers said.

Escalating North Korean worries too continued to dampen trading sentiments.

In addition, the rupee quoting at over six-month low of 65.75 against the dollar in day trade too dented the sentiment further.

Sensex tumbles 440 pts ahead of F&O expiry, falls for 7th day, longest losing streak

The BSE Sensex tanked 440 points to end at an over three-month low of 31,159.81 due to across the board selling by investors ahead of the expiry of September derivatives and weakness in the Rupee amid mixed global cues. Extending its falling streak for the seventh straight session, the longest losing streak since December 22, the 30-share index fell by 439.95 points, or 1.39 per cent, to settle at 31,159.81 as RIL, HDFC, HDFC Bank, ITC, SBI and L&T dropped. This is the weakest closing since June 30 when it had settled at 30,921.61. The broader NSE Nifty cracked below the key 9,800-mark. It had regained the key 9,900-mark at the outset, but failed to hold on to the crucial level and dipped below the 9800-mark to hit a low of 9,714.40. It finally settled down 135.75 points, or 1.38 per cent, at 9,735.75, it lowest closing since August 11 when it closed at 9,710.80. The September futures and options contracts are set to expire tomorrow, which made participants wait and watch. Sentiments suffered another setback amid expectations of a rate hike by the US Federal Reserve later this year, accelerating the pace of outflows by foreign investors, offsetting unabated buying by DIIs, brokers said. Escalating North Korean worries too continued to dampen trading sentiments. In addition, the rupee quoting at over six-month low of 65.75 against the dollar in day trade too dented the sentiment further.

BSE Sensex tanked 440 points to end at over three-month low

The Sensex rose 198 points and the Nifty recaptured the 9,900 mark in the opening trade today after buying in realty, oil and gas and banking stocks paced up. 
 
Speculators were busy covering up short positions ahead of the September derivatives contract expiry tomorrow, which added to the upward move.

The BSE 30-share barometer went up 197.70 points, or 0.62 percent, to 31,797.46. The gauge had lost 824 points in the previous six sessions, in line with a general weakness across the globe fuelled by escalating worries about Korean peninsula.

Sectoral indices led by realty, oil and gas, consumer durables, auto and banking were in the green, adding up to 1.65 percent.

The NSE Nifty was also higher by 49.55 points, or 0.50 percent, to trade at 9,921.05.

Traders said gains at most other Asian markets despite rising US-North Korea tensions had a bearing here.

Besides, continuous pumping in of funds by domestic institutional investors (DIIs) supported the market.

Maruti Suzuki surged the most among Sensex components, gaining 0.85 percent, followed by PowerGrid (0.71 percent).

Other gainers included Hero MotoCorp, Bajaj Auto, TCS, HDFC Bank and M&amp;M, rising by up to 0.64 percent.

However, telecom segment stocks such as Bharti Airtel, Idea Cellular and Reliance Communication were under pressure and fell by up to 1.05 percent.

Hong Kong&#39;s Hang Seng was up 0.44 percent while Shanghai Composite gained 0.05 percent. Japan&#39;s Nikkei, however, shed 0.29 percent.

The US Dow Jones Industrial Average ended lower by 0.05 percent yesterday.&nbsp;

&nbsp;

Speculators were busy covering up short positions ahead of the September derivatives contract expiry tomorrow, which added to the upward move

The Sensex rose 198 points and the Nifty recaptured the 9,900 mark in the opening trade today after buying in realty, oil and gas and banking stocks paced up. Speculators were busy covering up short positions ahead of the September derivatives contract expiry tomorrow, which added to the upward move. The BSE 30-share barometer went up 197.70 points, or 0.62 percent, to 31,797.46. The gauge had lost 824 points in the previous six sessions, in line with a general weakness across the globe fuelled by escalating worries about Korean peninsula. Sectoral indices led by realty, oil and gas, consumer durables, auto and banking were in the green, adding up to 1.65 percent. The NSE Nifty was also higher by 49.55 points, or 0.50 percent, to trade at 9,921.05. Traders said gains at most other Asian markets despite rising US-North Korea tensions had a bearing here. Besides, continuous pumping in of funds by domestic institutional investors (DIIs) supported the market. Maruti Suzuki surged the most among Sensex components, gaining 0.85 percent, followed by PowerGrid (0.71 percent). Other gainers included Hero MotoCorp, Bajaj Auto, TCS, HDFC Bank and M&M, rising by up to 0.64 percent. However, telecom segment stocks such as Bharti Airtel, Idea Cellular and Reliance Communication were under pressure and fell by up to 1.05 percent. Hong Kong's Hang Seng was up 0.44 percent while Shanghai Composite gained 0.05 percent. Japan's Nikkei, however, shed 0.29 percent. The US Dow Jones Industrial Average ended lower by 0.05 percent yesterday.

Sensex rises 198 points in opening trade

Indian shares fell as much as one per cent on Monday and extended losses for a fifth straight session, tracking weakness in Asian peers, with index heavyweights Larsen &amp; Toubro Ltd and HDFC Bank Ltd dragging down the indexes.

MSCI&#39;s broadest index of Asia-Pacific shares outside Japan fell 0.35 per cent, while Chinese stocks remained shaky following the Federal Reserve&#39;s hawkish policy stance and S&amp;P&#39;s downgrade of China&#39;s sovereign rating last week.

The Nifty was down 0.93 per cent at 9,871.95 as of 0546 GMT, while the Sensex was 0.83 per cent lower at 31,656.37.

&quot;It&#39;s a clear case of correction out there with investors taking a more cautious approach in the near term,&quot; said Siddhartha Khemka, Head of research - Equity, Centrum Wealth.

Shares of HDFC Bank Ltd and Larsen &amp; Tourbro Ltd fell 1.5 per cent and 2.3 per cent, respectively.

The Nifty PSU Bank index was down for a third straight session, sliding as much as 2.8 per cent. Andhra Bank and Canara Bank Ltd lost more than 2 per cent each.

Tata Steel Ltd was among the top percentage losers on the index, plunging more than 4 per cent and pushing the Nifty Metal index lower.

Meanwhile, Shopper&#39;s Stop Ltd climbed to its highest since Feb. 5, 2015 after an Amazon affiliate agreed to buy a stake in the retailer.

Indian shares fell as much as one per cent on Monday and extended losses for a fifth straight session, tracking weakness in Asian peers, with index heavyweights Larsen & Toubro Ltd and HDFC Bank Ltd dragging down the indexes

Indian shares fell as much as one per cent on Monday and extended losses for a fifth straight session, tracking weakness in Asian peers, with index heavyweights Larsen & Toubro Ltd and HDFC Bank Ltd dragging down the indexes. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.35 per cent, while Chinese stocks remained shaky following the Federal Reserve's hawkish policy stance and S&P's downgrade of China's sovereign rating last week. The Nifty was down 0.93 per cent at 9,871.95 as of 0546 GMT, while the Sensex was 0.83 per cent lower at 31,656.37. "It's a clear case of correction out there with investors taking a more cautious approach in the near term," said Siddhartha Khemka, Head of research - Equity, Centrum Wealth. Shares of HDFC Bank Ltd and Larsen & Tourbro Ltd fell 1.5 per cent and 2.3 per cent, respectively. The Nifty PSU Bank index was down for a third straight session, sliding as much as 2.8 per cent. Andhra Bank and Canara Bank Ltd lost more than 2 per cent each. Tata Steel Ltd was among the top percentage losers on the index, plunging more than 4 per cent and pushing the Nifty Metal index lower. Meanwhile, Shopper's Stop Ltd climbed to its highest since Feb. 5, 2015 after an Amazon affiliate agreed to buy a stake in the retailer.

Sensex, Nifty fall for fifth day led by L&T, HDFC Bank

India&#39;s benchmark Sensex fell 1.38 per cent today to close&nbsp;at 31,922.44 and the Nifty too closed down 1.56 per cent at 9,964.40.

The shares were weighed down by banking stocks and speculation over government&#39;s plan for stimulus spending over fiscal deficit.

Tensions over North Korea also hit the Indian markets.

The Nifty lost 1.22 per cent this week, while the Sensex fell 1.09 per cent.&nbsp;

Indian rupee also fell to 65.15 per dollar in intraday trade on speculation of widening fiscal deficit and foreign outflow of funds.

The Nifty lost 1.22 per cent this week, while the Sensex fell 1.09 per cent.?

India's benchmark Sensex fell 1.38 per cent today to close at 31,922.44 and the Nifty too closed down 1.56 per cent at 9,964.40. The shares were weighed down by banking stocks and speculation over government's plan for stimulus spending over fiscal deficit. Tensions over North Korea also hit the Indian markets. The Nifty lost 1.22 per cent this week, while the Sensex fell 1.09 per cent. Indian rupee also fell to 65.15 per dollar in intraday trade on speculation of widening fiscal deficit and foreign outflow of funds.

Sensex, Nifty close down over North Korea tensions, govt's stimulus plan

The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains.

Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea.

&quot;There seems to be a global rally where liquidity is driving all markets. Markets have become very overbought,&quot; said Sanjiv Bhasin, executive vice president of markets and corporate affairs at IIFL.

Trade deficit touched 2.4 percent of gross domestic product and inflation is rising, which means the Reserve Bank of India may not cut rates at its next meeting, he added.

Data released late on Friday showed India&#39;s trade deficit widened to $11.64 billion in August from a month ago.

The broader NSE Nifty was up 0.72 percent at 10,157.90 as of 0555 GMT, with almost all sectors in the green.

Earlier in the session, it gained as much as 0.81 percent to a record high of 10,167.15. The benchmark BSE Sensex was 0.63 percent higher at 32,474.86.

The Nifty auto index gained as much as 1.4 percent, with Tata Motors Ltd rising as much as 2.8 percent and Bajaj Auto Ltd climbing up to 3.5 percent.

&quot;There is a feel-good factor as there could be more spending because of the ongoing festival season,&quot; Bhasin said.

Larsen and Toubro Ltd rose as much as 2.7 percent and Eicher Motors Ltd gained up to 1.9 percent on bargain-hunting after three consecutive sessions of decline.

Bharti Infratel Ltd climbed as much as 3.7 percent, making it the top percentage gainer on the NSE index.

Bharti Infra is dependent on annuity income from cellular towers, which have been in a fine space after Bharti Airtel reduced its stake in the company, according to Bhasin.

The NSE bank index rose as much as 1 percent, with top gainer IndusInd Bank Ltd up as much as 2.5 percent.

Electronics manufacturer Dixon Technologies (India) Ltd surged as much as 70 percent on its trading debut, while Bharat Road Network Ltd rose as much as 6.8 percent on its first day of trading.

Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea.

The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains. Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea. "There seems to be a global rally where liquidity is driving all markets. Markets have become very overbought," said Sanjiv Bhasin, executive vice president of markets and corporate affairs at IIFL. Trade deficit touched 2.4 percent of gross domestic product and inflation is rising, which means the Reserve Bank of India may not cut rates at its next meeting, he added. Data released late on Friday showed India's trade deficit widened to $11.64 billion in August from a month ago. The broader NSE Nifty was up 0.72 percent at 10,157.90 as of 0555 GMT, with almost all sectors in the green. Earlier in the session, it gained as much as 0.81 percent to a record high of 10,167.15. The benchmark BSE Sensex was 0.63 percent higher at 32,474.86. The Nifty auto index gained as much as 1.4 percent, with Tata Motors Ltd rising as much as 2.8 percent and Bajaj Auto Ltd climbing up to 3.5 percent. "There is a feel-good factor as there could be more spending because of the ongoing festival season," Bhasin said. Larsen and Toubro Ltd rose as much as 2.7 percent and Eicher Motors Ltd gained up to 1.9 percent on bargain-hunting after three consecutive sessions of decline. Bharti Infratel Ltd climbed as much as 3.7 percent, making it the top percentage gainer on the NSE index. Bharti Infra is dependent on annuity income from cellular towers, which have been in a fine space after Bharti Airtel reduced its stake in the company, according to Bhasin. The NSE bank index rose as much as 1 percent, with top gainer IndusInd Bank Ltd up as much as 2.5 percent. Electronics manufacturer Dixon Technologies (India) Ltd surged as much as 70 percent on its trading debut, while Bharat Road Network Ltd rose as much as 6.8 percent on its first day of trading.

Nifty hits record high, auto stocks gain

The Nifty rose 0.7 per cent on Monday to close above 10,000 points for the first time in more than a month, as automakers such as Maruti Suzuki Ltd gained after an increase in the goods and services tax was less wide-ranging than expected.

The BSE Sensex climbed 0.61 per cent to 31,882.16, while the broader NSE Nifty rose 0.72 per cent to 10,006.05, closing above the 10,000 level for the first time since August 7.

Shares of Maruti Suzuki closed 2.15 per cent higher. Meanwhile, IndusInd Bank Ltd rallied 5.6 per cent after saying it had entered into exclusive talks with Bharat Financial Inclusion Ltd for a potential merger.

Automakers such as Maruti Suzuki Ltd gained after an increase in the goods and services tax was less wide-ranging than expected.

The Nifty rose 0.7 per cent on Monday to close above 10,000 points for the first time in more than a month, as automakers such as Maruti Suzuki Ltd gained after an increase in the goods and services tax was less wide-ranging than expected. The BSE Sensex climbed 0.61 per cent to 31,882.16, while the broader NSE Nifty rose 0.72 per cent to 10,006.05, closing above the 10,000 level for the first time since August 7. Shares of Maruti Suzuki closed 2.15 per cent higher. Meanwhile, IndusInd Bank Ltd rallied 5.6 per cent after saying it had entered into exclusive talks with Bharat Financial Inclusion Ltd for a potential merger.

Nifty closes at over one-month high

Indian shares fell on Monday in line with Asian markets as <a href="http://www.wionews.com/world/north-korea-declares-h-bomb-test-a-perfect-success-19816">North Korea&#39;s latest nuclear test</a> prompted investors to seek refuge in safe havens such as gold.

<a href="http://www.wionews.com/world/46-quake-detected-in-n-korea-due-to-cave-in-china-19810">North Korea on Sunday conducted its sixth and most powerful nuclear test</a>, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime&#39;s stand-off with the United States and its allies.

Japan&#39;s Nikkei closed about 1 per cent lower, while MSCI&#39;s broadest index of Asia-Pacific shares outside Japan dipped 0.8 per cent.

&quot;The markets are struggling to go up because of North Korea tensions,&quot; said Deven Choksey, promoter, KR Choksey.

The broader Nifty was down 0.97 per cent at9,877.70 as of 0637 GMT, while the benchmark Sensex was 0.87 per cent lower at 31,613.89.

Technical charts showed the NSE index broke out of a triangle formation last week, suggesting consolidation was complete and a rally might resume.

&quot;Banking stocks such as HDFC Bank are a bit highly valued and are seeing some corrections,&quot; Choksey said.

HDFC Bank and Housing Development Finance Corp were down for a second straight session, trading 0.9 per cent and 0.7 per cent lower respectively.

The Nifty Auto index fell 0.8 per cent after gaining nearly 2 per cent on Friday when most automakers reported August sales numbers. Hero MotoCorp, which reported a 10 per cent rise in sales, was trading 1.6 per cent lower.

Meanwhile, Coal India surged as much as 2.9 per cent after the miner said on Friday that the company along with its units produced 37.63 million tonnes of coal in August, beating its target of 36.96 million tonnes.

North Korea's latest nuclear test prompted investors to seek refuge in safe havens such as gold

Indian shares fell on Monday in line with Asian markets as North Korea's latest nuclear test prompted investors to seek refuge in safe havens such as gold. North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime's stand-off with the United States and its allies. Japan's Nikkei closed about 1 per cent lower, while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.8 per cent. "The markets are struggling to go up because of North Korea tensions," said Deven Choksey, promoter, KR Choksey. The broader Nifty was down 0.97 per cent at9,877.70 as of 0637 GMT, while the benchmark Sensex was 0.87 per cent lower at 31,613.89. Technical charts showed the NSE index broke out of a triangle formation last week, suggesting consolidation was complete and a rally might resume. "Banking stocks such as HDFC Bank are a bit highly valued and are seeing some corrections," Choksey said. HDFC Bank and Housing Development Finance Corp were down for a second straight session, trading 0.9 per cent and 0.7 per cent lower respectively. The Nifty Auto index fell 0.8 per cent after gaining nearly 2 per cent on Friday when most automakers reported August sales numbers. Hero MotoCorp, which reported a 10 per cent rise in sales, was trading 1.6 per cent lower. Meanwhile, Coal India surged as much as 2.9 per cent after the miner said on Friday that the company along with its units produced 37.63 million tonnes of coal in August, beating its target of 36.96 million tonnes.

Sensex, Nifty snap gains over North Korea tensions

The announcement of a <a href="http://www.wionews.com/business-economy/infosys-to-buyback-shares-worth-up-to-130-billion-rupees-19210" target="_blank">share buyback woth Rupees 13,000 crore</a> failed to cheer investors as the Infosys scrip tanked over five per cent.

The stock continued its slide for the second consecutive session closing at Rupees 873.50 on the BSE.&nbsp;

<a href="http://www.wionews.com/business-economy/sensex-ends-lower-infosys-dips-over-five-per-cent-19265" target="_blank">Benchmark indices were down</a> 0.84 per cent, falling&nbsp;for the&nbsp;second consecutive session.

&quot;Market failed to retain its opening strength due to continued pressure on the IT major, despite a premium buyback announcement,&quot; said Vinod Nair, Head of Research, Geojit Financial Services Ltd as quoted by PTI.

On Friday, the stock had slumped 10 per cent. In the last two consecutive trading sessions the company&#39;s market valuation has seen a drop of Rupees 33,911.93 crore.

The <a href="http://www.wionews.com/business-economy/vishal-sikka-resigns-as-md-ceo-of-infosys-to-be-executive-vice-chairman-19151" target="_blank">exit of Vishal Sikka as the CEO of Infosys</a> has caused a firestorm within the IT giant. The IT company&#39;s board targeted the founder, NR Narayana Murthy, and blamed him for Sikka&#39;s exit. 
&nbsp;

(With inputs from PTI)

The company had announced that it would buy back shares worth 13,000 crore

The announcement of a share buyback woth Rupees 13,000 crore failed to cheer investors as the Infosys scrip tanked over five per cent. The stock continued its slide for the second consecutive session closing at Rupees 873.50 on the BSE. Benchmark indices were down 0.84 per cent, falling for the second consecutive session. "Market failed to retain its opening strength due to continued pressure on the IT major, despite a premium buyback announcement," said Vinod Nair, Head of Research, Geojit Financial Services Ltd as quoted by PTI. On Friday, the stock had slumped 10 per cent. In the last two consecutive trading sessions the company's market valuation has seen a drop of Rupees 33,911.93 crore. The exit of Vishal Sikka as the CEO of Infosys has caused a firestorm within the IT giant. The IT company's board targeted the founder, NR Narayana Murthy, and blamed him for Sikka's exit. (With inputs from PTI)

Infosys buyback offer fails to lift spirits, stock tanks over 5%

The benchmark BSE Sensex surged 154 points in early trade today buoyed by high capital inflows by domestic investors.

NSE Nifty was up 36.60 points at &nbsp;9,830.75 points as brokers told PTI sentiment was upbeat due to buying by domestic institutional investors (DIIs).

The markets did not react to recent retail inflation figures which jumped over two per cent in July.&nbsp;

The fact that Asian markets had picked up as US-North tensions ebbed over the weekend also influenced the markets.

Hong Kong&#39;s Hang Seng was up 0.45 per cent, while Japan&#39;s Nikkei gained 0.02 per cent in their early trade.

NSE Nifty was up 36.60 points at ?9,830.75 points as brokers told PTI sentiment was upbeat due to buying by domestic institutional investors

The benchmark BSE Sensex surged 154 points in early trade today buoyed by high capital inflows by domestic investors. NSE Nifty was up 36.60 points at 9,830.75 points as brokers told PTI sentiment was upbeat due to buying by domestic institutional investors (DIIs). The markets did not react to recent retail inflation figures which jumped over two per cent in July. The fact that Asian markets had picked up as US-North tensions ebbed over the weekend also influenced the markets. Hong Kong's Hang Seng was up 0.45 per cent, while Japan's Nikkei gained 0.02 per cent in their early trade.

Sensex jumps 154 points in early trade

The BSE Sensex jumped 191 points in opening trade on Monday despite <a href="http://www.wionews.com/business-economy/sensex-posts-biggest-weekly-fall-in-1-12-years-sbi-drags-18906">Industrial production (IIP) entering negative territory in June</a> with realty, metal and infrastructure trading in green.&nbsp;

The big gainers in morning trade were: Adani Ports, Cipla, Tata Steel, Hero MotoCorp, Reliance Industries, M&amp;M, Maruti Suzuki, Coal India, Power Grid, Tata Motors, ICICI Bank, Axis Bank and NTPC.

The <a href="http://www.wionews.com/business-economy/sensex-nifty-fall-over-us-north-korea-tensions-18860">Sensex broke its five-session losing streak with 30-share barometer</a>, which had lost 1,111.82 points in the previous five straight sessions, trading higher by 190.65 points, or 0.61 per cent, to 31,404.24.

The NSE Nifty also rose 62.20 points, or 0.64 per cent, to 9,773 in early trade.

Asian stocks which had bled on Friday due to US-North Korea tensions recovered today with Hong Kong&#39;s Hang Seng up 1.10 per cent and Japan&#39;s Nikkei shedding 0.84 per cent in early trade. Shanghai was flat ahead of the release of Chinese economic data.

The NSE Nifty also rose 62.20 points, or 0.64 per cent, to 9,773 in early trade

The BSE Sensex jumped 191 points in opening trade on Monday despite Industrial production (IIP) entering negative territory in June with realty, metal and infrastructure trading in green. The big gainers in morning trade were: Adani Ports, Cipla, Tata Steel, Hero MotoCorp, Reliance Industries, M&M, Maruti Suzuki, Coal India, Power Grid, Tata Motors, ICICI Bank, Axis Bank and NTPC. The Sensex broke its five-session losing streak with 30-share barometer, which had lost 1,111.82 points in the previous five straight sessions, trading higher by 190.65 points, or 0.61 per cent, to 31,404.24. The NSE Nifty also rose 62.20 points, or 0.64 per cent, to 9,773 in early trade. Asian stocks which had bled on Friday due to US-North Korea tensions recovered today with Hong Kong's Hang Seng up 1.10 per cent and Japan's Nikkei shedding 0.84 per cent in early trade. Shanghai was flat ahead of the release of Chinese economic data.

Sensex, Nifty rise in early trade

The BSE Sensex lost 336 points in early trade and the NSE Nifty slipped below the 9,800-mark following global sell-off <a href="http://www.wionews.com/world/north-korea-says-it-will-develop-guam-strike-plan-by-mid-august-18789">triggered by tensions between the US and North Korea</a>.

The markets were also cautious ahead of the IIP data for June which is set to be released later today.

The BSE 30-share barometer dipped 336.46 points, or 1.06 per cent, to 31,194.87 with infrastructure, capital goods, realty, auto, metal and healthcare all in the red.&nbsp;

Tata Motors, L&amp;T, Sun Pharma, Cipla, ONGC, Dr Reddy&#39;s, Asian Paint, Hero MotoCorp, ICICI Bank, Tata Steel, Coal India and Maruti Suzuk declined sharply in early trade.

In the Asian market, Hong Kong&#39;s Hang Seng too fell while the Shanghai Composite Index plunged 1.30 per cent.

&nbsp;Earlier, Wall Street closed sharply lower after as US President Donald Trump issued a new warning to North Korea. The S&amp;P 500 index had its biggest one-day drop in almost three months.

<a href="http://www.wionews.com/business-economy/global-stocks-dollar-extend-slide-as-tensions-between-us-north-korea-escalate-18859">The Dow Jones Industrial Average closed down 204.69 points, or 0.93 per cent, at 21,844.01</a>, the S&amp;P 500 lost 35.81 points, or 1.45 per cent, to end the session at 2,438.21 and the Nasdaq Composite fell 135.46 points, or 2.13 per cent, to 6,216.87.

Australian shares were down 1.3 per cent, set for a weekly loss of 0.5 per cent.&nbsp;South Korea&#39;s KOSPI fell 1.8 per cent to a 9 1/2-week low, taking its losses this week to nearly 2.7 per cent.

The Korean won also continued to skid, sliding 0.4 per cent to 1,146.2, below its 200-day moving average.

The BSE 30-share barometer dipped 336.46 points while the Nifty slipped below the 9,800-mark

The BSE Sensex lost 336 points in early trade and the NSE Nifty slipped below the 9,800-mark following global sell-off triggered by tensions between the US and North Korea. The markets were also cautious ahead of the IIP data for June which is set to be released later today. The BSE 30-share barometer dipped 336.46 points, or 1.06 per cent, to 31,194.87 with infrastructure, capital goods, realty, auto, metal and healthcare all in the red. Tata Motors, L&T, Sun Pharma, Cipla, ONGC, Dr Reddy's, Asian Paint, Hero MotoCorp, ICICI Bank, Tata Steel, Coal India and Maruti Suzuk declined sharply in early trade. In the Asian market, Hong Kong's Hang Seng too fell while the Shanghai Composite Index plunged 1.30 per cent. Earlier, Wall Street closed sharply lower after as US President Donald Trump issued a new warning to North Korea. The S&P 500 index had its biggest one-day drop in almost three months. The Dow Jones Industrial Average closed down 204.69 points, or 0.93 per cent, at 21,844.01, the S&P 500 lost 35.81 points, or 1.45 per cent, to end the session at 2,438.21 and the Nasdaq Composite fell 135.46 points, or 2.13 per cent, to 6,216.87. Australian shares were down 1.3 per cent, set for a weekly loss of 0.5 per cent. South Korea's KOSPI fell 1.8 per cent to a 9 1/2-week low, taking its losses this week to nearly 2.7 per cent. The Korean won also continued to skid, sliding 0.4 per cent to 1,146.2, below its 200-day moving average.

Sensex, Nifty fall over US, North Korea tensions

The Indian stock markets moved down for the second day today as the Sensex closed lower by 239 points after banking, realty and auto stocks struggled.

HDFC, HDFC Bank and ICICI Bank had a tough day today with PNB stocks plunging 5.98 per cent, SBI slipped 2.24 per cent.

The Sensex closed down &nbsp;238.86 points, or 0.74 per cent, at 32,237.88 after hitting a low of 32,194.58. The Nifty slipped 67.85 points, or 0.67 per cent, but managed to close above the 10,000-mark at 10,013.65.&nbsp;

The lowering of repo rate by the Reserve Bank of India by 25 basis points to 6 per cent failed to move the market as the central bank marked future action on the&nbsp;availability of more data.

Sensex closed down ?238.86 points, or 0.74 per cent, at 32,237.88

The Indian stock markets moved down for the second day today as the Sensex closed lower by 239 points after banking, realty and auto stocks struggled. HDFC, HDFC Bank and ICICI Bank had a tough day today with PNB stocks plunging 5.98 per cent, SBI slipped 2.24 per cent. The Sensex closed down 238.86 points, or 0.74 per cent, at 32,237.88 after hitting a low of 32,194.58. The Nifty slipped 67.85 points, or 0.67 per cent, but managed to close above the 10,000-mark at 10,013.65. The lowering of repo rate by the Reserve Bank of India by 25 basis points to 6 per cent failed to move the market as the central bank marked future action on the availability of more data.

Sensex, Nifty close down, banks, auto stocks slip

The Indian stock market closed at its highest ever level for the&nbsp;second consecutive day today as automakers Eicher Motors Ltd shot up on upbeat monthly sales.

The NSE Nifty ended up 0.37 per cent to close at 10,114.65, while the BSE Sensex closed 0.19 per cent higher at 32,575.17.

Tuesday&#39;s gains were also influenced by Reserve Bank of India&#39;s (RBI) expected interest rate cut set to be announced tomorrow.

On Monday, the stock market had closed on a high after <a href="http://www.wionews.com/business-economy/sensex-ends-at-record-closing-high-sbi-top-gainer-18428">State Bank of India cut deposit rates</a> on the majority of its savings accounts. 
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NSE Nifty ended up 0.37 per cent to close at 10,114.65, while the BSE Sensex closed 0.19 per cent higher

The Indian stock market closed at its highest ever level for the second consecutive day today as automakers Eicher Motors Ltd shot up on upbeat monthly sales. The NSE Nifty ended up 0.37 per cent to close at 10,114.65, while the BSE Sensex closed 0.19 per cent higher at 32,575.17. Tuesday's gains were also influenced by Reserve Bank of India's (RBI) expected interest rate cut set to be announced tomorrow. On Monday, the stock market had closed on a high after State Bank of India cut deposit rates on the majority of its savings accounts.

Stock market closes on a high for second consecutive day

Engineering and construction major Larsen &amp; Toubro (L&amp;T) today reported a 50.59 per cent jump in consolidated net profit to Rs 1,028.30 crore for the first quarter ended June 30 boosted by higher revenue from its infrastructure business.

Revenue from the infrastructure segment&nbsp;which accounted for about 44 per cent of the company&#39;s total income in the quarter&nbsp;rose 15.5 per cent.

The company had posted net profit of Rs 682.81 crore in the corresponding period a year ago.

The company&#39;s total income in the quarter under review increased 9.89 per cent to Rs 24,374.64 crore as against Rs 22,179.59 crore a year ago.

However, shares of the company closed 1.96 per cent lower at Rs 1,159.10 on BSE Sensex as analysts expected higher net profit. 
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L&T shares were boosted by higher revenue from its infrastructure business

Engineering and construction major Larsen & Toubro (L&T) today reported a 50.59 per cent jump in consolidated net profit to Rs 1,028.30 crore for the first quarter ended June 30 boosted by higher revenue from its infrastructure business. Revenue from the infrastructure segment which accounted for about 44 per cent of the company's total income in the quarter rose 15.5 per cent. The company had posted net profit of Rs 682.81 crore in the corresponding period a year ago. The company's total income in the quarter under review increased 9.89 per cent to Rs 24,374.64 crore as against Rs 22,179.59 crore a year ago. However, shares of the company closed 1.96 per cent lower at Rs 1,159.10 on BSE Sensex as analysts expected higher net profit.

Larsen & Toubro Q1 net profit jumps 51%

The benchmark BSE Sensex and the NSE Nifty closed down today as disappointing quarterly earnings weighed on bank and pharmaceutical shares.

The benchmark BSE Sensex ended down 0.23 per cent to end at 32,309.88 and the broader NSE Nifty closed down 0.06 per cent to close at 10,014.50

However, both BSE Sensex and Nifty ended higher for the week as Indian stocks held steady on Friday.

The NSE Nifty was up 1 per cent for the week and BSE Sensex closed 0.88 per cent higher for the week.

Earlier in the day, Dr&nbsp;Reddy&#39;s Laboratories and ICICI Bank Ltd stocks fell 5.9 per cent and 3.6 per cent, respectively, after reporting weak quarterly results.

Dr. Reddy&#39;s profits halved in the quarter resulting in the stocks going down by as much as 6.5 per cent - its lowest since May 30.

ICICI Bank also took a beating falling 3 per cent after it reported an &nbsp;8 per cent drop in first-quarter profit.

&nbsp;ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

?ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

The benchmark BSE Sensex and the NSE Nifty closed down today as disappointing quarterly earnings weighed on bank and pharmaceutical shares. The benchmark BSE Sensex ended down 0.23 per cent to end at 32,309.88 and the broader NSE Nifty closed down 0.06 per cent to close at 10,014.50 However, both BSE Sensex and Nifty ended higher for the week as Indian stocks held steady on Friday. The NSE Nifty was up 1 per cent for the week and BSE Sensex closed 0.88 per cent higher for the week. Earlier in the day, Dr Reddy's Laboratories and ICICI Bank Ltd stocks fell 5.9 per cent and 3.6 per cent, respectively, after reporting weak quarterly results. Dr. Reddy's profits halved in the quarter resulting in the stocks going down by as much as 6.5 per cent - its lowest since May 30. ICICI Bank also took a beating falling 3 per cent after it reported an 8 per cent drop in first-quarter profit. ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

Sensex, Nifty end flat, bank & pharmaceutical shares fall

The 30-share BSE&nbsp;Sensex ended its <a href="http://www.wionews.com/videos/markets-record-major-rally-wion-wallet-4179">bullish run</a> and fell&nbsp;1.1 per cent, its biggest fall this year in percentage terms, led by tobacco major ITC after government hiked cess on cigarettes under GST on Monday.

Sensex closed the day at 31,710.99, a fall of 363.79 points or 1.1 per cent. The broader 50-share Nifty fell 0.9 per cent to close at 9,827.15.

Shares of ITC crashed by as much as&nbsp;15 per cent on an intraday basis after the GST Council, in a meeting on Monday, decided to <a href="http://www.wionews.com/business-economy/gst-council-hikes-cess-on-cigarettes-18014">hike compensation cess on cigarettes</a>.

The move was aimed to take away the &quot;windfall profit&quot; enjoyed by the cigarette makers after tax burden on them fell after imposition of GST, finance minister Arun Jaitley said, Reuters reported.&nbsp;

The GST came into effect from July 1.

Deutsche Bank estimates cigarette prices to go up by as much as 16 per cent, Reuters reported.

The benchmark indices fell after a bull run as tobacco stocks crashed led by ITC which crashed 15% on an intraday basis

The 30-share BSE Sensex ended its bullish run and fell 1.1 per cent, its biggest fall this year in percentage terms, led by tobacco major ITC after government hiked cess on cigarettes under GST on Monday. Sensex closed the day at 31,710.99, a fall of 363.79 points or 1.1 per cent. The broader 50-share Nifty fell 0.9 per cent to close at 9,827.15. Shares of ITC crashed by as much as 15 per cent on an intraday basis after the GST Council, in a meeting on Monday, decided to hike compensation cess on cigarettes. The move was aimed to take away the "windfall profit" enjoyed by the cigarette makers after tax burden on them fell after imposition of GST, finance minister Arun Jaitley said, Reuters reported. The GST came into effect from July 1. Deutsche Bank estimates cigarette prices to go up by as much as 16 per cent, Reuters reported.

Sensex posts biggest drop this year, ITC hammered after govt hikes cess

The 30-share BSE Sensex surged past the 32,000 mark for the first time closing at a record high of 32,037.&nbsp;

The broader 50-share Nifty also closed at a record high of 9,892.&nbsp;

The rally came on the back of retail inflation figures which hit a record low.&nbsp;

The retail inflation data, which came out on Wednesday, saw inflation dropping to a record low of 1.54 per cent. The lower inflation figures offer the Reserve Bank of India enough room for bringing the key interest rates down.

Asian and European indices were also trading higher on the back of Federal Reserve chair Janet Yellen testifying before the US Congress that the rate hike will be steady.

Foreign Portfolio Investors (FPI) took the opportunity to pour more money into the Indian equities.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 361.25 crore yesterday, PTI reported.

The market rally was led primarily by banking and consumer goods stocks.

ITC was the top gainer among the pack surging 3.03 per cent. Other top gainers included Bharti Airtel, ICICI Bank and Sun Pharma.&nbsp;

The rally came on the back of lower inflation figures which were released on Wednesday offering RBI enough room to bring down interest rates

The 30-share BSE Sensex surged past the 32,000 mark for the first time closing at a record high of 32,037. The broader 50-share Nifty also closed at a record high of 9,892. The rally came on the back of retail inflation figures which hit a record low. The retail inflation data, which came out on Wednesday, saw inflation dropping to a record low of 1.54 per cent. The lower inflation figures offer the Reserve Bank of India enough room for bringing the key interest rates down. Asian and European indices were also trading higher on the back of Federal Reserve chair Janet Yellen testifying before the US Congress that the rate hike will be steady. Foreign Portfolio Investors (FPI) took the opportunity to pour more money into the Indian equities. Foreign portfolio investors (FPIs) bought shares worth a net Rs 361.25 crore yesterday, PTI reported. The market rally was led primarily by banking and consumer goods stocks. ITC was the top gainer among the pack surging 3.03 per cent. Other top gainers included Bharti Airtel, ICICI Bank and Sun Pharma.

Sensex closes at record high, crosses 32,000

Indian shares hit a record high on Wednesday as shares of consumer goods and agriculture-dependent companies rallied after the country&#39;s weather office forecast a higher monsoon rainfall than previously expected.

The benchmark BSE Sensex gained as much as 0.91 per cent to 30,207.13, its highest ever.

The chief of the country&#39;s state-run <a href="http://www.wionews.com/south-asia/india-likely-to-receive-higher-rainfall-than-previously-forecast-meteorological-department-15429">India Meteorological Department on Tuesday said India looks likely to receive higher monsoon rainfall </a>than previously forecast as concern over the El Nino weather condition had eased.

The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05.

The Nifty breached the 9,400 level for the first time as consumer stocks rallied, heavyweight Bharti Airtel surged after reporting strong subscriber growth.&nbsp;

The markets have been responding to positive sentiment in the last few days, the International Monetary Fund on Monday had said India&rsquo;s growth is expected to rebound to 7.2% in the 2017-18 fiscal and 7.7% in 2018-19 after disruptions caused by demonetisation.

The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund (IMF) said in its regional economic outlook.

<a href="http://www.wionews.com/south-asia/india-likely-to-receive-higher-rainfall-than-previously-forecast-meteorological-department-15429">Also Read:&nbsp;India likely to receive higher rainfall than previously forecast: Meteorological Department</a>

(Wion with Reuters input)

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The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05

Indian shares hit a record high on Wednesday as shares of consumer goods and agriculture-dependent companies rallied after the country's weather office forecast a higher monsoon rainfall than previously expected. The benchmark BSE Sensex gained as much as 0.91 per cent to 30,207.13, its highest ever. The chief of the country's state-run India Meteorological Department on Tuesday said India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition had eased. The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05. The Nifty breached the 9,400 level for the first time as consumer stocks rallied, heavyweight Bharti Airtel surged after reporting strong subscriber growth. The markets have been responding to positive sentiment in the last few days, the International Monetary Fund on Monday had said India’s growth is expected to rebound to 7.2% in the 2017-18 fiscal and 7.7% in 2018-19 after disruptions caused by demonetisation. The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund (IMF) said in its regional economic outlook. Also Read: India likely to receive higher rainfall than previously forecast: Meteorological Department (Wion with Reuters input) Catch the latest from the world of business with Sumit Chaturvedi only on WION Wallet (WION) ×

Bull run: Sensex, Nifty at new peak

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Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets.

The benchmark BSE Sensex closed up 0.63 per cent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlier in the session, surpassing a record last hit in March 2015.&nbsp;The broader NSE Nifty gained 0.49 per cent to end at a record closing high of 9,351.85. The index hit an intraday high of 9,367, surpassing Tuesday&#39;s high.

Earlier in the day, the BSE Sensex rose as much as 0.4 per cent to hit a record high, surpassing its previous milestone hit in March 2015, while the rupee hit a 20-month against the dollar.

The market rally came&nbsp;after a string of solid domestic quarterly results, with&nbsp;hopes for additional foreign inflows to India having increased on renewed optimism about the US economy and after the first round of French&nbsp;election which went to the market`s preferred candidate.

The Sensex rose to a high of 30,071.77 points during the day. The broader NSE Nifty rose as much as 0.4 per cent to a record high of 9,343.15 points, its second consecutive all-time milestone.

(Reuters)

The market rally comes after a string of solid domestic quarterly results

Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets. The benchmark BSE Sensex closed up 0.63 per cent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlier in the session, surpassing a record last hit in March 2015. The broader NSE Nifty gained 0.49 per cent to end at a record closing high of 9,351.85. The index hit an intraday high of 9,367, surpassing Tuesday's high. Earlier in the day, the BSE Sensex rose as much as 0.4 per cent to hit a record high, surpassing its previous milestone hit in March 2015, while the rupee hit a 20-month against the dollar. The market rally came after a string of solid domestic quarterly results, with hopes for additional foreign inflows to India having increased on renewed optimism about the US economy and after the first round of French election which went to the market`s preferred candidate. The Sensex rose to a high of 30,071.77 points during the day. The broader NSE Nifty rose as much as 0.4 per cent to a record high of 9,343.15 points, its second consecutive all-time milestone. (Reuters)

Sensex scales 30k, Nifty closes at record high

The 50-share National Stock Exchange Nifty hit a fresh record high, spurting 50.90 points to 9,268.85 in the morning trade on Tuesday, spurred by strong fundamentals of Indian economy, stability in global markets and huge gush of global liquidity.

The 30-share benchmark Bombay Stock Exchange Sensex gained 170.42 points at 29,826.26&nbsp;as sentiments rose with Reliance Industries&#39; better-than-expected fourth quarter earnings numbers which were announced yesterday.

The midcap stocks did equally well, with the Nifty free float midcap index reaching a fresh high of 18,021.10. The BSE midcap index rose to a fresh record high to 14,723.94.

A firming trend in other Asian markets, taking strong cues from the US and European markets following Emmanuel Macron&#39;s first round presidential election win in France, also boosted trading sentiments.&nbsp;

Brokers said that continued buying by domestic institutional investors and retailers following Reliance Industry Limited&#39;s healthy numbers announced post trading hours yesterday, mainly lent momentum to trading activity.

RIL shares climbed 2.18 per cent, to Rs 1,447.30, in early trade after the company reported a 12.3 per cent jump in its January-March quarter net profit at Rs 8,046 crore on the back of higher refining and petrochemical margins.

Other gainers included M&amp;M, Wipro, HDFC Ltd, L&amp;T, ICICI Bank, Power Grid, Lupin and Dr Reddy&#39;s.

Globally, Japan&#39;s Nikkei was up 0.84 per cent while Hong Kong&#39;s Hang rose 0.98 per cent in early trade today. The Shanghai Composite Index gained 0.31 per cent.

The US Dow Jones Industrial Average had ended 1.05 per cent higher in yesterday&#39;s trade. 
 
(WION with inputs from PTI)

The 50-share National Stock Exchange Nifty hit a fresh record high, spurting 50.90 points to 9,268.85

The 50-share National Stock Exchange Nifty hit a fresh record high, spurting 50.90 points to 9,268.85 in the morning trade on Tuesday, spurred by strong fundamentals of Indian economy, stability in global markets and huge gush of global liquidity. The 30-share benchmark Bombay Stock Exchange Sensex gained 170.42 points at 29,826.26 as sentiments rose with Reliance Industries' better-than-expected fourth quarter earnings numbers which were announced yesterday. The midcap stocks did equally well, with the Nifty free float midcap index reaching a fresh high of 18,021.10. The BSE midcap index rose to a fresh record high to 14,723.94. A firming trend in other Asian markets, taking strong cues from the US and European markets following Emmanuel Macron's first round presidential election win in France, also boosted trading sentiments. Brokers said that continued buying by domestic institutional investors and retailers following Reliance Industry Limited's healthy numbers announced post trading hours yesterday, mainly lent momentum to trading activity. RIL shares climbed 2.18 per cent, to Rs 1,447.30, in early trade after the company reported a 12.3 per cent jump in its January-March quarter net profit at Rs 8,046 crore on the back of higher refining and petrochemical margins. Other gainers included M&M, Wipro, HDFC Ltd, L&T, ICICI Bank, Power Grid, Lupin and Dr Reddy's. Globally, Japan's Nikkei was up 0.84 per cent while Hong Kong's Hang rose 0.98 per cent in early trade today. The Shanghai Composite Index gained 0.31 per cent. The US Dow Jones Industrial Average had ended 1.05 per cent higher in yesterday's trade. (WION with inputs from PTI)

India: Nifty, midcap index hit record highs

Indian shares ended lower on Monday as investors largely kept to the sidelines following a disappointing start to the earnings season last week after Infosys Ltd issued a lower-than-expected revenue guidance.&nbsp;

The Nifty closed down 0.13 per cent at 9,139.30, while the Sensex ended 0.16 per cent lower at 29,413.66.&nbsp; 
 
Investors waited for positive corporate results after a disappointing start to the earnings season last week when Infosys Ltd issued a lower-than-expected revenue guidance.

Shares of Infosys, the country`s second-biggest software services exporter, were down 0.7 percent after falling 3.87 percent on Thursday. Markets were closed on Friday for a public holiday.&nbsp;

The weak guidance raised concerns about earnings, with Tata Consultancy Services Ltd, Yes Bank Ltd, and HDFC Bank Ltd due to report this week.

&quot;With the earnings season having just begun, markets need to see some kind of confirmation that growth will come,&quot; said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

&quot;Broadly, markets are consolidating and are finding it difficult to sustain fresh highs, and profit-booking is coming in.&quot;&nbsp;

(Reuters)

The Nifty closed down 0.13 per cent at 9,139.30, while the Sensex ended 0.16 per cent lower at 29,413.66

Indian shares ended lower on Monday as investors largely kept to the sidelines following a disappointing start to the earnings season last week after Infosys Ltd issued a lower-than-expected revenue guidance. The Nifty closed down 0.13 per cent at 9,139.30, while the Sensex ended 0.16 per cent lower at 29,413.66. Investors waited for positive corporate results after a disappointing start to the earnings season last week when Infosys Ltd issued a lower-than-expected revenue guidance. Shares of Infosys, the country`s second-biggest software services exporter, were down 0.7 percent after falling 3.87 percent on Thursday. Markets were closed on Friday for a public holiday. The weak guidance raised concerns about earnings, with Tata Consultancy Services Ltd, Yes Bank Ltd, and HDFC Bank Ltd due to report this week. "With the earnings season having just begun, markets need to see some kind of confirmation that growth will come," said Saurabh Jain, assistant vice-president of research at SMC Global Securities. "Broadly, markets are consolidating and are finding it difficult to sustain fresh highs, and profit-booking is coming in." (Reuters)

Infosys pulls down Sensex as investors turn cautious

Indian shares traded flat on Wednesday, paring gains after the NSE Nifty hit a record high at the open, as investors took a breather ahead of the central bank policy meet due this week.

The monetary policy committee of the Reserve Bank of India (RBI) is likely to leave the repo rate at 6.25 per cent, where it has been since October, a Reuters poll found.

However, investors are expecting the RBI to announce measures to drain the 4 trillion rupees that have accumulated in the banking system in March, double as compared with January.

&quot;The market is moving slightly ahead of time, so it is taking a small breather. One might see some profit-booking as well,&quot; said Deven Choksey, managing director, K R Choksey Investment Managers.

The broader Nifty was up 0.17 per cent at 9,253.30, as of 0617 GMT, after earlier hitting an all-time high of 9,264.95.

The benchmark BSE Sensex was 0.12 per cent higher at 29,946.83. It went as high as 30,007.48, just 17.26 points shy of its record peak of 30,024.74 touched on March 4, 2015.

Housing Development Finance Corp dropped as much as 2.25 per cent.&nbsp;

Among gainers, Shankara Building Products Ltd surged as much as 37 per cent on its market debut, with its up to 3.45 billion rupees ($52.96 million) IPO oversubscribed more than 41 times.

Shares of Titan Company Ltd hit a record high after it said consumer sentiment has recovered in January-March quarter and sales were good for all divisions.

TVS Motor Company rose as much as 2.72 per cent to a record high after posting a 10 per cent increase in total vehicle sales for March 2017.&nbsp;

Indian stock, bonds and currency markets were closed on Tuesday for a market holiday.

(Reuters)

Investors are expecting the RBI to announce measures to drain the 4 trillion rupees that have accumulated in the banking system in March

Indian shares traded flat on Wednesday, paring gains after the NSE Nifty hit a record high at the open, as investors took a breather ahead of the central bank policy meet due this week. The monetary policy committee of the Reserve Bank of India (RBI) is likely to leave the repo rate at 6.25 per cent, where it has been since October, a Reuters poll found. However, investors are expecting the RBI to announce measures to drain the 4 trillion rupees that have accumulated in the banking system in March, double as compared with January. "The market is moving slightly ahead of time, so it is taking a small breather. One might see some profit-booking as well," said Deven Choksey, managing director, K R Choksey Investment Managers. The broader Nifty was up 0.17 per cent at 9,253.30, as of 0617 GMT, after earlier hitting an all-time high of 9,264.95. The benchmark BSE Sensex was 0.12 per cent higher at 29,946.83. It went as high as 30,007.48, just 17.26 points shy of its record peak of 30,024.74 touched on March 4, 2015. Housing Development Finance Corp dropped as much as 2.25 per cent. Among gainers, Shankara Building Products Ltd surged as much as 37 per cent on its market debut, with its up to 3.45 billion rupees ($52.96 million) IPO oversubscribed more than 41 times. Shares of Titan Company Ltd hit a record high after it said consumer sentiment has recovered in January-March quarter and sales were good for all divisions. TVS Motor Company rose as much as 2.72 per cent to a record high after posting a 10 per cent increase in total vehicle sales for March 2017. Indian stock, bonds and currency markets were closed on Tuesday for a market holiday. (Reuters)

Before RBI policy review, markets take cautious approach

Indian shares clocked a record closing high on Wednesday helped by a rally in auto and realty stocks, while investors awaited a central bank policy meet due this week.

The Nifty ended 0.30 per cent higher at 9,265.15. Earlier in the day, the index hit 9273.9, its highest ever.

The benchmark Sensex closed up 0.21 per cent at 29,974.24 after breaching the 30,000 mark earlier in the session for the first time since March 4, 2015.

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BSE Sensex closed higher by 64 points, or 0.21%, to 29,974, while the Nifty 50 rose 27 points, or 0.30%, to 9,265 (WION)
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(Reuters)

The benchmark Sensex closed up 0.21% at 29,974.24 after breaching the 30,000 mark

Indian shares clocked a record closing high on Wednesday helped by a rally in auto and realty stocks, while investors awaited a central bank policy meet due this week. The Nifty ended 0.30 per cent higher at 9,265.15. Earlier in the day, the index hit 9273.9, its highest ever. The benchmark Sensex closed up 0.21 per cent at 29,974.24 after breaching the 30,000 mark earlier in the session for the first time since March 4, 2015. BSE Sensex closed higher by 64 points, or 0.21%, to 29,974, while the Nifty 50 rose 27 points, or 0.30%, to 9,265 (WION) × (Reuters)

India's Sensex breaches 30k mark, first time in 2 years

The Nifty ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years.

The Nifty advanced 3.3 per cent this month after hitting a record high of 9,218.40 on March 17. For the quarter it rose 12.1 per cent, its best showing since April-June 2014.

On Friday, the Nifty ended flat at 9,173.75, while the benchmark Sensex fell 0.09 per cent to 29,620.50. Both indexes gained 0.7 per cent for the week.

(Reuters)

The Nifty advanced 3.3 per cent this month after hitting a record high of 9,218.40 on March 17

The Nifty ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years. The Nifty advanced 3.3 per cent this month after hitting a record high of 9,218.40 on March 17. For the quarter it rose 12.1 per cent, its best showing since April-June 2014. On Friday, the Nifty ended flat at 9,173.75, while the benchmark Sensex fell 0.09 per cent to 29,620.50. Both indexes gained 0.7 per cent for the week. (Reuters)

Indian shares end flat; Nifty posts best quarter in almost three years

Indian shares rose for a second consecutive session as lenders such as State Bank of India rallied after finance minister Arun Jaitley said the government would soon announce new measures to tackle non-performing assets (NPAs).

The government and the Reserve Bank of India would announce the measures in &quot;a couple of days&quot;, Jaitley said at a CNBC-TV18 event.

Lenders also got a boost from expectation of good demand for Yes Bank&#39;s up to $750 million share sale announced on Thursday.

But broader sentiment remained cautious, with the NSE Nifty poised to record its first weekly loss in three, retreating from a record high hit last week.

&quot;Yes Bank&#39;s Qualified Institutional Placement yesterday was subscribed at almost 1,500 rupees per share and this has improved the sentiment in the sector, resulting in a rally in bank stocks. The finance minister&#39;s statement on the NPAs issue too was a positive,&quot; said Rakesh Tarway, head of research at Reliance Securities Ltd.

The broader Nifty was up 0.44 per cent at 9,126 by 0510 GMT, while the benchmark Sensex was 0.52 per cent higher at 29,484.97.

ICICI Bank and State Bank of India were among the top gainers on the Nifty 50 index, rising more than 2 per cent each after Jaitley&#39;s comments.

Yes Bank rose as much as 1.72 per cent.

Bharat Petroleum Corp was the top loser as oil retailers fell after CLSA analysts forecast a weak January-March quarter for major oil marketing companies.

(Reuters)

The finance minister on Thursday said the Indian government would soon announce new measures to tackle non-performing assets

Indian shares rose for a second consecutive session as lenders such as State Bank of India rallied after finance minister Arun Jaitley said the government would soon announce new measures to tackle non-performing assets (NPAs). The government and the Reserve Bank of India would announce the measures in "a couple of days", Jaitley said at a CNBC-TV18 event. Lenders also got a boost from expectation of good demand for Yes Bank's up to $750 million share sale announced on Thursday. But broader sentiment remained cautious, with the NSE Nifty poised to record its first weekly loss in three, retreating from a record high hit last week. "Yes Bank's Qualified Institutional Placement yesterday was subscribed at almost 1,500 rupees per share and this has improved the sentiment in the sector, resulting in a rally in bank stocks. The finance minister's statement on the NPAs issue too was a positive," said Rakesh Tarway, head of research at Reliance Securities Ltd. The broader Nifty was up 0.44 per cent at 9,126 by 0510 GMT, while the benchmark Sensex was 0.52 per cent higher at 29,484.97. ICICI Bank and State Bank of India were among the top gainers on the Nifty 50 index, rising more than 2 per cent each after Jaitley's comments. Yes Bank rose as much as 1.72 per cent. Bharat Petroleum Corp was the top loser as oil retailers fell after CLSA analysts forecast a weak January-March quarter for major oil marketing companies. (Reuters)

Sensex rises for second day as Jaitley's comment boosts lenders

Indian shares dropped for a third straight session on Wednesday as banking and automobile shares fell, while regional markets were trading lower tracking overnight losses on Wall Street on doubts over US&nbsp;President Donald Trump&#39;s economic policies.

Asian stocks fell as doubts on Trump&#39;s economic growth agenda prompted investors to dump risky assets in search of safe havens such as government bonds.

Wall Street fell sharply on Tuesday with the S&amp;P 500 and Dow Jones Industrial Average losing over 1 per cent in their worst one-day performances since before Trump&#39;s election victory in November.

MSCI&#39;s broadest index of Asia-Pacific shares outside Japan fell 1.3 per cent.

The broader NSE Nifty was down 0.85 per cent at 9,043.65 by 0520 GMT, its lowest since March 10, while the benchmark BSE Sensex was 0.81 per cent lower at 29,248.05.

&quot;The news from the US&nbsp;was the trigger today, but we were expecting corrective and sideways movement as the market was already in an overbought zone. Nifty is consolidating. Midcap stocks have done good run-up and some profit-booking cannot be ruled out,&quot; said Vaishali Parekh, research analyst at Prabhudas Lilladher Pvt Ltd.

&quot;Stocks in the metal and banking sectors had run up to a great extent and these sectors are feeling the pressure now,&quot; added Parekh.

On the Nifty 50, financial stocks contributed most to the losses, led by index heavyweight ICICI Bank which was down 1.6 per cent. The Nifty Finance index declined for a fourth consecutive session.

Auto stocks also lost traction with Mahindra &amp; Mahindra Ltd and Tata Motors falling 2 per cent and 1.4 per cent, respectively, to pull down the NSE index.

Telecom services provider Bharti Airtel was among the top losers on both the NSE and BSE indices, slipping around 3 per cent.

Market rumours that the company is planning to hike capex to 300 billion rupees in FY18 to take on the newly-formed Idea-Vodafone combine may be the reason behind the movement, said an analyst covering the stock, who did not wish to be named.

Only four stocks gained on the Nifty index with Axis Bank, up 1.58 per cent, leading the pack.

(Reuters)

Asian stocks fell as doubts on Trump's economic growth agenda prompted investors to dump risky assets in search of safe havens

Indian shares dropped for a third straight session on Wednesday as banking and automobile shares fell, while regional markets were trading lower tracking overnight losses on Wall Street on doubts over US President Donald Trump's economic policies. Asian stocks fell as doubts on Trump's economic growth agenda prompted investors to dump risky assets in search of safe havens such as government bonds. Wall Street fell sharply on Tuesday with the S&P 500 and Dow Jones Industrial Average losing over 1 per cent in their worst one-day performances since before Trump's election victory in November. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3 per cent. The broader NSE Nifty was down 0.85 per cent at 9,043.65 by 0520 GMT, its lowest since March 10, while the benchmark BSE Sensex was 0.81 per cent lower at 29,248.05. "The news from the US was the trigger today, but we were expecting corrective and sideways movement as the market was already in an overbought zone. Nifty is consolidating. Midcap stocks have done good run-up and some profit-booking cannot be ruled out," said Vaishali Parekh, research analyst at Prabhudas Lilladher Pvt Ltd. "Stocks in the metal and banking sectors had run up to a great extent and these sectors are feeling the pressure now," added Parekh. On the Nifty 50, financial stocks contributed most to the losses, led by index heavyweight ICICI Bank which was down 1.6 per cent. The Nifty Finance index declined for a fourth consecutive session. Auto stocks also lost traction with Mahindra & Mahindra Ltd and Tata Motors falling 2 per cent and 1.4 per cent, respectively, to pull down the NSE index. Telecom services provider Bharti Airtel was among the top losers on both the NSE and BSE indices, slipping around 3 per cent. Market rumours that the company is planning to hike capex to 300 billion rupees in FY18 to take on the newly-formed Idea-Vodafone combine may be the reason behind the movement, said an analyst covering the stock, who did not wish to be named. Only four stocks gained on the Nifty index with Axis Bank, up 1.58 per cent, leading the pack. (Reuters)

Sensex drops tracking global cues; banks, autos drag

Riding high on a BJP victory in Uttar Pradesh and Uttarakhand, the BSE Sensex today touched a two year high and ended at 29442.63, up 496.4 points, and the Nifty crossed the 9000 barrier and closed above it for the first time.

Solid Index of Industrial Production numbers alo propelled the markets to new highs as investors felt confident that the reform agenda will be pushed harder by the BJP government. 
&nbsp;&nbsp; 
Earlier, the Chief Economic Adviser, Arvind Subramanian, said that the election verdict will give the Modi government a &quot;political mandate&quot; to carry out its economic agenda, reported PTI.

&quot;The government now has the political mandate for doing what it wants to do. And that will include how do we further the development process,&quot; Subramanian told PTI on the sidelines of the event.

&quot;What specifically needs to be done, that we&#39;ll see. But I think there is a strong political mandate for the government and the Prime Minister,&quot; he said.

On demonetisation, he said that there are a number of milestones which need to be achieved to call it a success.

The verdict also points to the fact that the government&#39;s demonetisation move received a thumbs-up from the people.&nbsp;

The verdict will help BJP gain in terms of increasing its Rajya Sabha strength and a smooth passage for its economic and social agendas.

(WION with inputs from PTI) &nbsp;

The rally was backed by solid IIP numbers

Riding high on a BJP victory in Uttar Pradesh and Uttarakhand, the BSE Sensex today touched a two year high and ended at 29442.63, up 496.4 points, and the Nifty crossed the 9000 barrier and closed above it for the first time. Solid Index of Industrial Production numbers alo propelled the markets to new highs as investors felt confident that the reform agenda will be pushed harder by the BJP government. Earlier, the Chief Economic Adviser, Arvind Subramanian, said that the election verdict will give the Modi government a "political mandate" to carry out its economic agenda, reported PTI. "The government now has the political mandate for doing what it wants to do. And that will include how do we further the development process," Subramanian told PTI on the sidelines of the event. "What specifically needs to be done, that we'll see. But I think there is a strong political mandate for the government and the Prime Minister," he said. On demonetisation, he said that there are a number of milestones which need to be achieved to call it a success. The verdict also points to the fact that the government's demonetisation move received a thumbs-up from the people. The verdict will help BJP gain in terms of increasing its Rajya Sabha strength and a smooth passage for its economic and social agendas. (WION with inputs from PTI)

BJP victory in state elections propels Sensex to two-year high

The Sensex&#39;s gains slipped, but the gauge is still trading higher today by 482 points, powered by a huge sweep by the BJP in Uttar Pradesh&nbsp;and Uttarakhand and a higher probability of the party forming government in other states.

The broader Nifty came off from record highs while holding on to the key 9,000 level.

Solid IIP numbers and strong FII inflows bolstered sentiment too.

Barring telecom counters which witnessed profit- booking, buying was led by capital goods, financials, realty, industrials and auto, among others.

The Sensex opened gap-up at 29,437.23 and hovered in a range of 29,561.93 and 29,356.05 before trading at 29,428.40 at 1155 hours, a gain of 482.17 points, or 1.67 per cent.

The NSE 50-share Nifty was also up 146.65 points, or 1.64 per cent, to quote at 9,081.20 at 1155 hours.

Major gainers were ICICI bank (5.82 per cent), L&amp;T (4.17 per cent), HDFC (3.39 per cent), ITC (2.39 per cent) and Asian Paints (2.27 per cent).

Meanwhile, foreign funds bought net Rs 412.14 crore last Friday, as per the provisional figures.

India&#39;s wholesale prices rose a more-than-expected 6.55 per cent year-on-year in February, compared with a 0.85 per cent fall a year ago, driven by fuel and food prices, government data showed on Tuesday.

The data compares with a 5.90 per cent annual rise forecast by economists in a Reuters poll. In January, prices rose a provisional 5.25 per cent, the fastest pace in two-and-a-half years.

Last month, wholesale food prices rose 2.69 per cent year-on-year, compared with a provisional 0.56 per cent fall in January.

&nbsp;

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<blockquote class="twitter-tweet" data-lang="en">
Annual rate of inflation, based on monthly WPI, stood at 6.55% for February, 2017 as compared to 5.25% for previous month.
&mdash; ANI (@ANI_news) <a href="https://twitter.com/ANI_news/status/841542031549767680">March 14, 2017</a></blockquote>
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Modi&#39;s victory &quot;is a huge confidence boost for reform and is another step on the way to a story that could place him as one of the most successful reformers in history,&quot; said Simon Quijano-Evans, investment strategist at Legal &amp; General Investment Management in London.

The prime minister&#39;s win should bode well for foreign portfolio investment in India.

Foreign investors have already started returning to the country, having bought a net $1.5 billion in equities and $887.3 million in debt in February, following four consecutive months of net sales. They have remained net buyers in March.

But expensive valuations and caution due to an anticipated rate hike by the US&nbsp;Federal Reserve this week could temper gains.

Indian shares are trading at a price-to-earnings ratio of 19.85 over the next 12 months, compared with their five-year historic average of 17.8, according to Thomson Reuters data.

(Agencies)

Investors are betting the victory in UP will embolden the ruling BJP to embark on more reforms including launching the GST

The Sensex's gains slipped, but the gauge is still trading higher today by 482 points, powered by a huge sweep by the BJP in Uttar Pradesh and Uttarakhand and a higher probability of the party forming government in other states. The broader Nifty came off from record highs while holding on to the key 9,000 level. Solid IIP numbers and strong FII inflows bolstered sentiment too. Barring telecom counters which witnessed profit- booking, buying was led by capital goods, financials, realty, industrials and auto, among others. The Sensex opened gap-up at 29,437.23 and hovered in a range of 29,561.93 and 29,356.05 before trading at 29,428.40 at 1155 hours, a gain of 482.17 points, or 1.67 per cent. The NSE 50-share Nifty was also up 146.65 points, or 1.64 per cent, to quote at 9,081.20 at 1155 hours. Major gainers were ICICI bank (5.82 per cent), L&T (4.17 per cent), HDFC (3.39 per cent), ITC (2.39 per cent) and Asian Paints (2.27 per cent). Meanwhile, foreign funds bought net Rs 412.14 crore last Friday, as per the provisional figures. India's wholesale prices rose a more-than-expected 6.55 per cent year-on-year in February, compared with a 0.85 per cent fall a year ago, driven by fuel and food prices, government data showed on Tuesday. The data compares with a 5.90 per cent annual rise forecast by economists in a Reuters poll. In January, prices rose a provisional 5.25 per cent, the fastest pace in two-and-a-half years. Last month, wholesale food prices rose 2.69 per cent year-on-year, compared with a provisional 0.56 per cent fall in January. Annual rate of inflation, based on monthly WPI, stood at 6.55% for February, 2017 as compared to 5.25% for previous month. — ANI (@ANI_news) March 14, 2017 × Modi's victory "is a huge confidence boost for reform and is another step on the way to a story that could place him as one of the most successful reformers in history," said Simon Quijano-Evans, investment strategist at Legal & General Investment Management in London. The prime minister's win should bode well for foreign portfolio investment in India. Foreign investors have already started returning to the country, having bought a net $1.5 billion in equities and $887.3 million in debt in February, following four consecutive months of net sales. They have remained net buyers in March. But expensive valuations and caution due to an anticipated rate hike by the US Federal Reserve this week could temper gains. Indian shares are trading at a price-to-earnings ratio of 19.85 over the next 12 months, compared with their five-year historic average of 17.8, according to Thomson Reuters data. (Agencies)

BJP's big UP victory boosts Sensex, Nifty

Indian shares retreated on Tuesday from four-month highs hit in the previous session as investors stayed on the sidelines ahead of the Reserve Bank of India&#39;s policy meeting.

Analysts expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April.

RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation, some analysts said.

Most Indian automakers were down, contributing to over three-fourths of Nifty&#39;s decline, with Tata Motors Ltd and Mahindra &amp; Mahindra Ltd falling as much as 2.4 per cent and 1.7 per cent respectively.

Banks have already slashed lending rates this year after deposits surged following the ban on high-denomination currency notes, reducing the need for further rate cuts.

&quot;I don&#39;t think that the RBI will cut interest rates this time,&quot; says Sangeeth V, an institutional sales trader with Paterson Securities.

&quot;Banks are already flush with funds post-demonetisation.&quot;

The broader Nifty was down 0.28 per cent at 8,777.30 as of 6:04 GMT while the benchmark 30-stock Sensex was trading 0.24 per cent lower at 28,371.40.

On Monday, both the indexes hit their highest since late September.

Among the gainers, ITC Ltd rose to a record high. Government-owned Specified Undertaking Of The Unit Trust Of India sold a two-percent stake in the country&#39;s biggest cigarette maker via block deals.

Railway coach maker Titagarh Wagons Ltd rose as much as 7 per cent after getting a contract worth one billion rupees from the Ministry of Earth Sciences. ($14.84 million).

(Reuters)

Analysts expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low

Indian shares retreated on Tuesday from four-month highs hit in the previous session as investors stayed on the sidelines ahead of the Reserve Bank of India's policy meeting. Analysts expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April. RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation, some analysts said. Most Indian automakers were down, contributing to over three-fourths of Nifty's decline, with Tata Motors Ltd and Mahindra & Mahindra Ltd falling as much as 2.4 per cent and 1.7 per cent respectively. Banks have already slashed lending rates this year after deposits surged following the ban on high-denomination currency notes, reducing the need for further rate cuts. "I don't think that the RBI will cut interest rates this time," says Sangeeth V, an institutional sales trader with Paterson Securities. "Banks are already flush with funds post-demonetisation." The broader Nifty was down 0.28 per cent at 8,777.30 as of 6:04 GMT while the benchmark 30-stock Sensex was trading 0.24 per cent lower at 28,371.40. On Monday, both the indexes hit their highest since late September. Among the gainers, ITC Ltd rose to a record high. Government-owned Specified Undertaking Of The Unit Trust Of India sold a two-percent stake in the country's biggest cigarette maker via block deals. Railway coach maker Titagarh Wagons Ltd rose as much as 7 per cent after getting a contract worth one billion rupees from the Ministry of Earth Sciences. ($14.84 million). (Reuters)

Sensex, Nifty trade lower ahead of RBI policy meet

Stock market turned cautious amid the budget announcements by finance minister Arun Jaitley with the key indices paring early gains as IT, pharma and power shares witnessed selling pressure.

The benchmark BSE Sensex opened higher at 27,669.08 and moved in a range of 27,725.16 and 27,590.10 points in morning trade.

At 11:45 hrs, the Sensex surrendered the gains to trade lower by 4.45 points, or 0.02 per cent, at 27,651.51 points dragged by losses in IT major TCS and Infosys.

At 12:12 pm BSE Sensex traded down 11.76 points at 27,644.&nbsp;

At 12:46 pm Sensex was down 25.65 points or 0.09 per cent at 27630.31.

At 1:03 pm Sensex was up 219.37 points or 0.79 per cent at 27,875.33 &nbsp;post the budget session.&nbsp;

The wider NSE Nifty had gained 21.90 points, or 0.26 per cent, at 8,583.20 in opening trade.

However, at 11:45 hrs, it fell by 6.65 points, or 0.08 per cent, at 8,554.65 points with 25 constituents led by TCS Tech Mahindra Infosys and Idea trading in the negative zone.

Investors were focusing on ongoing Budget announcements on the expectation of applying balm on frayed nerves.

Meanwhile, Nikkei Markit India Manufacturing Purchasing Managers&#39;Index (PMI) monthly survey rebounded from demonetisation downturn in January amid rising order books, production as well as buying levels and the expansion in the sector by increasing 50.4 in January from 49.6 in December.

Among the major gainers were, SBIN 2.73 per cent, ITC 1.76 per cent, HDFC 1.55 per cent, Adani Ports 1.35 per cent, Maruti 1.31 per cent and L&amp;T 1.28 per cent.

Notable losers were TCS 2.62 per cent, Dr Reddy 2.08 per cent, Lupin 2.07 per cent and Infosys 1.92 per cent.

Meanwhile, the foreign portfolio investors (FPIs) sold shares worth a net Rs 532.88 crore yesterday, as per provisional data released by the stock exchanges.

Overseas, most Asian markets were trading higher as markets continue to assess the latest policies from Trump, and his take on the US dollar. Markets in China, Taiwan, Malaysia and Vietnam remain closed for a holiday.

US stocks ended mostly lower yesterday, as declines in industrial, technology and financials shares outweighed gains in health-care and utilities sector.

(PTI)

The Sensex traded up 16.91 points at 27672.87 and the Nifty traded up 8.20 points at 8569.50 ahead of the Budget

Stock market turned cautious amid the budget announcements by finance minister Arun Jaitley with the key indices paring early gains as IT, pharma and power shares witnessed selling pressure. The benchmark BSE Sensex opened higher at 27,669.08 and moved in a range of 27,725.16 and 27,590.10 points in morning trade. At 11:45 hrs, the Sensex surrendered the gains to trade lower by 4.45 points, or 0.02 per cent, at 27,651.51 points dragged by losses in IT major TCS and Infosys. At 12:12 pm BSE Sensex traded down 11.76 points at 27,644. At 12:46 pm Sensex was down 25.65 points or 0.09 per cent at 27630.31. At 1:03 pm Sensex was up 219.37 points or 0.79 per cent at 27,875.33 post the budget session. The wider NSE Nifty had gained 21.90 points, or 0.26 per cent, at 8,583.20 in opening trade. However, at 11:45 hrs, it fell by 6.65 points, or 0.08 per cent, at 8,554.65 points with 25 constituents led by TCS Tech Mahindra Infosys and Idea trading in the negative zone. Investors were focusing on ongoing Budget announcements on the expectation of applying balm on frayed nerves. Meanwhile, Nikkei Markit India Manufacturing Purchasing Managers'Index (PMI) monthly survey rebounded from demonetisation downturn in January amid rising order books, production as well as buying levels and the expansion in the sector by increasing 50.4 in January from 49.6 in December. Among the major gainers were, SBIN 2.73 per cent, ITC 1.76 per cent, HDFC 1.55 per cent, Adani Ports 1.35 per cent, Maruti 1.31 per cent and L&T 1.28 per cent. Notable losers were TCS 2.62 per cent, Dr Reddy 2.08 per cent, Lupin 2.07 per cent and Infosys 1.92 per cent. Meanwhile, the foreign portfolio investors (FPIs) sold shares worth a net Rs 532.88 crore yesterday, as per provisional data released by the stock exchanges. Overseas, most Asian markets were trading higher as markets continue to assess the latest policies from Trump, and his take on the US dollar. Markets in China, Taiwan, Malaysia and Vietnam remain closed for a holiday. US stocks ended mostly lower yesterday, as declines in industrial, technology and financials shares outweighed gains in health-care and utilities sector. (PTI)

India Budget 2017: Sensex starts on a positive note

There were signs of anxiety in the market as the Sensex today slumped 194 points ahead of the budget - to be presented on Wednesday - to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5 per cent for 2016-17.

The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H-1-B visa programme dealt a blow to IT stocks, which saw a big fall.

TCS, Wipro and Infosys dropped by upto 4.47 per cent, dragging down the BSE IT index by 2.96 per cent, followed by technology that tanked 2.49 per cent.

The Economic Survey for 2016-17, tabled in Parliament by Finance Minister Arun Jaitley today, underscored the need for more reforms. Its GDP growth forecast for this fiscal is lower than the 7.1 per cent put out by the Central Statistics Office earlier this month.

The Sensex closed down 193.60 points, or 0.70 per cent, at 27,655.96, it&#39;s lowest closing since January 24 when the figure was 27,375.58. It had lost 33 points in the previous session.

The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30.

The risk-averse behaviour was on display as participants took cues from global stocks that remained on the backfoot following Trump&#39;s controversial crackdown on immigration.

&quot;The Economic Survey failed to impress investors who opted for keeping their commitments at a low ebb and wait for the the budget,&quot; said Manoj Choraria, a Delhi-based stock broker.

GAIL, Adani Ports, Sun Pharma, Tata Motors, Coal India, Lupin, Axis Bank and NTPC were among those that weighed.&nbsp;Sectoral indices such as oil and gas (1.64 per cent), PSU (1.39 per cent), healthcare (1.38 per cent), infrastructure (1.31) per cent and metal (1.01 per cent) all turned weak.

Selling activity also extended to the broader markets, with the BSE mid-cap falling 1.10 per cent and the small-cap 1.03 per cent.&nbsp;According to provisional figures, foreign investors bought shares worth Rs 607.36 crore yesterday.

There were a few that went up cushioning the fall, which include ITC, PowerGrid, Bajaj Auto, ONGC and HDFC Bank.&nbsp;In Asia, most markets were closed today for a public holiday. Japan&#39;s Nikkei ended lower by 1.69 per cent. 
European markets, however, were trading higher as major indices in France, Germany and the UK moved up.

(PTI)

TCS, Wipro and Infosys dropped by upto 4.47 per cent, dragging down the BSE IT index by 2.96 per cent

There were signs of anxiety in the market as the Sensex today slumped 194 points ahead of the budget - to be presented on Wednesday - to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5 per cent for 2016-17. The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H-1-B visa programme dealt a blow to IT stocks, which saw a big fall. TCS, Wipro and Infosys dropped by upto 4.47 per cent, dragging down the BSE IT index by 2.96 per cent, followed by technology that tanked 2.49 per cent. The Economic Survey for 2016-17, tabled in Parliament by Finance Minister Arun Jaitley today, underscored the need for more reforms. Its GDP growth forecast for this fiscal is lower than the 7.1 per cent put out by the Central Statistics Office earlier this month. The Sensex closed down 193.60 points, or 0.70 per cent, at 27,655.96, it's lowest closing since January 24 when the figure was 27,375.58. It had lost 33 points in the previous session. The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30. The risk-averse behaviour was on display as participants took cues from global stocks that remained on the backfoot following Trump's controversial crackdown on immigration. "The Economic Survey failed to impress investors who opted for keeping their commitments at a low ebb and wait for the the budget," said Manoj Choraria, a Delhi-based stock broker. GAIL, Adani Ports, Sun Pharma, Tata Motors, Coal India, Lupin, Axis Bank and NTPC were among those that weighed. Sectoral indices such as oil and gas (1.64 per cent), PSU (1.39 per cent), healthcare (1.38 per cent), infrastructure (1.31) per cent and metal (1.01 per cent) all turned weak. Selling activity also extended to the broader markets, with the BSE mid-cap falling 1.10 per cent and the small-cap 1.03 per cent. According to provisional figures, foreign investors bought shares worth Rs 607.36 crore yesterday. There were a few that went up cushioning the fall, which include ITC, PowerGrid, Bajaj Auto, ONGC and HDFC Bank. In Asia, most markets were closed today for a public holiday. Japan's Nikkei ended lower by 1.69 per cent. European markets, however, were trading higher as major indices in France, Germany and the UK moved up. (PTI)

TCS, Infosys drag down Sensex at close

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