Domestic stock market indices advanced by 1.5 per cent on Friday led by gains by big firm which become net debt-free ahead of its March 2021 target.

The S&amp;P BSE Sensex today gained 524 points or 1.53 per cent to settle at 34,732. Of 30 stocks on the index, 18 ended in the green and rest 12 in the red. Besides RIL, ICICI Bank, HDFC Bank, Bajaj Finance, and Bharti Airtel were the major contributors to the index's gains.&nbsp;

NSE's Nifty50 ended at 10,244, up 153 points or 1.5 per cent with 33 constituents advancing, 16 declining and 1 remaining unchanged. Volatility index, India VIX, dipped over 5 per cent to 29.78 levels.&nbsp;

Every week, Sensex gained nearly 3 per cent while Nifty added 2.7 per cent.

Meanwhile, Asian shares wobbled in choppy trade as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. Japan's Nikkei gained by 0.55 per cent and South Korean stocks rose by 0.37 per cent amid concern about diplomatic tension with North Korea. Shares in China rose by 0.96 per cent led by gains in financials and healthcare sector while Hong Kong`s Hang Seng edged up by 0.73 per cent.

(With inputs from agencies)

Domestic stock market indices advanced by 1.5 per cent on Friday led by gains by big firm which become net debt-free ahead of its March 2021 target. The S&P BSE Sensex today gained 524 points or 1.

Domestic stock market indices advanced by 1.5 per cent on Friday led by gains by big firm which become net debt-free ahead of its March 2021 target. The S&P BSE Sensex today gained 524 points or 1.53 per cent to settle at 34,732. Of 30 stocks on the index, 18 ended in the green and rest 12 in the red. Besides RIL, ICICI Bank, HDFC Bank, Bajaj Finance, and Bharti Airtel were the major contributors to the index's gains. NSE's Nifty50 ended at 10,244, up 153 points or 1.5 per cent with 33 constituents advancing, 16 declining and 1 remaining unchanged. Volatility index, India VIX, dipped over 5 per cent to 29.78 levels. Every week, Sensex gained nearly 3 per cent while Nifty added 2.7 per cent. Meanwhile, Asian shares wobbled in choppy trade as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. Japan's Nikkei gained by 0.55 per cent and South Korean stocks rose by 0.37 per cent amid concern about diplomatic tension with North Korea. Shares in China rose by 0.96 per cent led by gains in financials and healthcare sector while Hong Kong`s Hang Seng edged up by 0.73 per cent. (With inputs from agencies)

Sensex, Nifty end with gains for the third week in a row

Domestic stock market benchmarks BSE Sensex and Nifty 50 settled with over 2 per cent gains on Thursday led by buying strong buying in financial stocks.&nbsp;

The S&amp;P BSE Sensex jumped 700 points or over 2 per cent to settle at 34,208.05 levels while the Nifty50 index reclaimed the psychological level of 10,000 and ended at 10,092, up 210.50 points or over 2 per cent. Volatility index, India VIX, dropped over 5 per cent to 31.58 levels.&nbsp;

Market turns positive for the week, posts biggest one-day gain since June.Financial heavyweights and Reliance Industries major contributors to the market.

Meanwhile, PM Narendra Modi launched the auction process of 41 coal mines for commercial mining. PM Modi said that commercial coal block auction is a win-win situation for industry users as new resources will open up, states will earn more revenue, generating more job opportunities.

Global markets

Global stocks drifted on Thursday as spiking coronavirus cases in some US states and China crushed hopes of a quick global economic comeback from the pandemic. S&amp;P 500 mini futures clawed back losses during Asian trade to end 0.2 per cent lower. China's blue-chip CSI300 shares were a bright spot, adding 0.7 per cent.&nbsp;

In Europe, too, shares retreated. The pan-European STOXX 600 index fell 0.3 per cent after two straight days of gains, driven by optimism over global stimulus helping economies claw back from the coronavirus-led slide.

In commodities, oil prices ticked up after US oil product stocks shrank. Brent crude futures were up 37 cents at $41.08 a barrel at the time of writing of this report. US West Texas Intermediate (WTI) crude futures rose 25 cents to $38.21 a barrel.

Both benchmarks were down about 2 per cent earlier in the session.

(With inputs from agencies)

Domestic stock market benchmarks BSE Sensex and Nifty 50 settled with over 2 per cent gains on Thursday led by buying strong buying in financial stocks. The S&P BSE Sensex jumped 700 points or over 2 per cent to settle at 34,208.

Domestic stock market benchmarks BSE Sensex and Nifty 50 settled with over 2 per cent gains on Thursday led by buying strong buying in financial stocks. The S&P BSE Sensex jumped 700 points or over 2 per cent to settle at 34,208.05 levels while the Nifty50 index reclaimed the psychological level of 10,000 and ended at 10,092, up 210.50 points or over 2 per cent. Volatility index, India VIX, dropped over 5 per cent to 31.58 levels. Market turns positive for the week, posts biggest one-day gain since June.Financial heavyweights and Reliance Industries major contributors to the market. Meanwhile, PM Narendra Modi launched the auction process of 41 coal mines for commercial mining. PM Modi said that commercial coal block auction is a win-win situation for industry users as new resources will open up, states will earn more revenue, generating more job opportunities. Global markets Global stocks drifted on Thursday as spiking coronavirus cases in some US states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures clawed back losses during Asian trade to end 0.2 per cent lower. China's blue-chip CSI300 shares were a bright spot, adding 0.7 per cent. In Europe, too, shares retreated. The pan-European STOXX 600 index fell 0.3 per cent after two straight days of gains, driven by optimism over global stimulus helping economies claw back from the coronavirus-led slide. In commodities, oil prices ticked up after US oil product stocks shrank. Brent crude futures were up 37 cents at $41.08 a barrel at the time of writing of this report. US West Texas Intermediate (WTI) crude futures rose 25 cents to $38.21 a barrel. Both benchmarks were down about 2 per cent earlier in the session. (With inputs from agencies)

Sensex jumps 700 points, Nifty ends at 10,092

The domestic stock market benchmark indices witnessed a volatile trade today due to escalating tensions between India and China.&nbsp;

At close, the Sensex ended 376.42 points or 1.13 per cent at 33,605.22, and the Nifty ended 100.30 points or 1.02 per cent at 9,914. Broader markets ended the session on a mixed note as Nifty Midcap100 index closed 0.44 per cent higher while Nifty Smallcap100 index slipped 0.11 per cent.

Nifty Bank moves 384 points higher at 20,297 and Midcap 62 points to 14,231. Financial heavyweights like HDFC twins and ICICI Bank help Nifty close higher.IT stocks gain with rupee weakening to 76.21 against US dollar; TCS and Infosys up 1-2%. Tata Motors slips 6% after reporting a weak Q4.

The HDFC twins (both up 4%) were the top Sensex gainers while Axis Bank and Tech Mahindra (both down 2%) were the main laggards. In the Sensex pack, 15 stocks advanced while as many declined.

(With inputs from agencies)

The domestic stock market benchmark indices witnessed a volatile trade today due to escalating tensions between India and China. At close, the Sensex ended 376.42 points or 1.

The domestic stock market benchmark indices witnessed a volatile trade today due to escalating tensions between India and China. At close, the Sensex ended 376.42 points or 1.13 per cent at 33,605.22, and the Nifty ended 100.30 points or 1.02 per cent at 9,914. Broader markets ended the session on a mixed note as Nifty Midcap100 index closed 0.44 per cent higher while Nifty Smallcap100 index slipped 0.11 per cent. Nifty Bank moves 384 points higher at 20,297 and Midcap 62 points to 14,231. Financial heavyweights like HDFC twins and ICICI Bank help Nifty close higher.IT stocks gain with rupee weakening to 76.21 against US dollar; TCS and Infosys up 1-2%. Tata Motors slips 6% after reporting a weak Q4. The HDFC twins (both up 4%) were the top Sensex gainers while Axis Bank and Tech Mahindra (both down 2%) were the main laggards. In the Sensex pack, 15 stocks advanced while as many declined. (With inputs from agencies)

Sensex ends 376 points higher, Nifty ends higher despite volatility

After tumbling over 3.5 per cent in the early deals, the benchmark indices made a sharp comeback to end 0.7 per cent higher.&nbsp;

The 30-share Sensex rose 1,432 points from intraday’s low and settled at 33,781. Similarly, Nifty 50 managed to jump over 400 points from day’s low to close the session at 9,973.

The rupee opened weak at 76.10 at the interbank forex market, but recouped most of the losses and finally ended the day at 75.84 against the US dollar, down 5 paise over its last close.

It had settled at 75.79 against the US dollar on Thursday.

Global markets

A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.&nbsp;

MSCI’s 49-country index of world stocks slipped 0.5 per cent to an 11-day low, while MSCI’s broadest index of Asia-Pacific shares outside Japan sank 1.3 per cent.

In Europe, the STOXX 600 Index swung between gains and losses after opening and was last down 0.6 per cent, extending a run of losses to five days in a row.

After tumbling over 3.5 per cent in the early deals, the benchmark indices made a sharp comeback to end 0.7 per cent higher. The 30-share Sensex rose 1,432 points from intraday’s low and settled at 33,781.

After tumbling over 3.5 per cent in the early deals, the benchmark indices made a sharp comeback to end 0.7 per cent higher. The 30-share Sensex rose 1,432 points from intraday’s low and settled at 33,781. Similarly, Nifty 50 managed to jump over 400 points from day’s low to close the session at 9,973. The rupee opened weak at 76.10 at the interbank forex market, but recouped most of the losses and finally ended the day at 75.84 against the US dollar, down 5 paise over its last close. It had settled at 75.79 against the US dollar on Thursday. Global markets A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns. MSCI’s 49-country index of world stocks slipped 0.5 per cent to an 11-day low, while MSCI’s broadest index of Asia-Pacific shares outside Japan sank 1.3 per cent. In Europe, the STOXX 600 Index swung between gains and losses after opening and was last down 0.6 per cent, extending a run of losses to five days in a row.

Sensex erases 1,200-point loss to end higher, Nifty scales 9,950 again

The S&amp;P BSE Sensex tumbled 709 points or over 2 per cent on Thursday, led by losses in Reliance Industries, HDFC Bank and ICICI Bank, as a sell-off in global equities hit investor sentiment.

After touching a low of 33,480.42, the 30-share index settled 708.68 points, or 2.07 per cent, lower at 33,538.37. Similarly, the broader NSE Nifty tanked 214.15 points, or 2.12 per cent, to close at 9,902.&nbsp;

The investor sentiment took a hit post US Federal Reserve's policy meeting outcome. The US central bank projected a 6.5 per cent decline in the US economy's gross domestic product (GDP) this year and a 9.3 per cent unemployment rate at the year's end.

Market sentiment also took a hit as new coronavirus infections continued to rise in India with cases now near 2.9 lakh. 
 
(With inputs from agencies)

The S&P BSE Sensex tumbled 709 points or over 2 per cent on Thursday, led by losses in Reliance Industries, HDFC Bank and ICICI Bank, as a sell-off in global equities hit investor sentiment.

The S&P BSE Sensex tumbled 709 points or over 2 per cent on Thursday, led by losses in Reliance Industries, HDFC Bank and ICICI Bank, as a sell-off in global equities hit investor sentiment. After touching a low of 33,480.42, the 30-share index settled 708.68 points, or 2.07 per cent, lower at 33,538.37. Similarly, the broader NSE Nifty tanked 214.15 points, or 2.12 per cent, to close at 9,902. The investor sentiment took a hit post US Federal Reserve's policy meeting outcome. The US central bank projected a 6.5 per cent decline in the US economy's gross domestic product (GDP) this year and a 9.3 per cent unemployment rate at the year's end. Market sentiment also took a hit as new coronavirus infections continued to rise in India with cases now near 2.9 lakh. (With inputs from agencies)

Sensex slumps 709 points on global sell-off

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues.

After touching a low of 34,010.86, the 30-share index was trading 214.42 points, or 0.63 per cent, lower at 34,032.63.&nbsp;Similarly, NSE Nifty fell 57.90 points, or 0.57 per cent, to 10,058.25.

Sun Pharma was the top laggard in the Sensex pack, shedding around 2 per cent, followed by HDFC Bank, Titan, NTPC, Kotak Bank, TCS and Infosys.

On the other hand, IndusInd Bank, Hero MotoCorp, Nestle India and Axis Bank were among the gainers.

SIn the previous session, the BSE barometer settled 290.36 points, or 0.86 per cent, higher at 34,247.05, and the broader Nifty climbed 69.50 points, or 0.69 per cent, to 10,116.15.

On a net basis, foreign institutional investors sold equities worth Rs 919.26 crore in the capital market on Wednesday, provisional exchange data showed.

According to analysts, market started on a negative note amid foreign fund outflow and weak cues from global markets after US Federal Reserve policy outcome.

The US central bank on Wednesday cut its benchmark short-term rate to near zero, and said nearly all its policymakers foresee no rate hike through 2022.

It also said that it will keep buying bonds to maintain low borrowing rates and support a US economy mired in a deep&nbsp; 
recession with high unemployment.

Stock exchanges on Wall Street ended on a mixed note in overnight trade. Bourses in Hong Kong, Tokyo and Seoul were in the red, while those in Shanghai were trading with gains. International oil benchmark Brent crude futures fell 2.66 per cent to $ 40.62 per barrel.

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues.

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues. After touching a low of 34,010.86, the 30-share index was trading 214.42 points, or 0.63 per cent, lower at 34,032.63. Similarly, NSE Nifty fell 57.90 points, or 0.57 per cent, to 10,058.25. Sun Pharma was the top laggard in the Sensex pack, shedding around 2 per cent, followed by HDFC Bank, Titan, NTPC, Kotak Bank, TCS and Infosys. On the other hand, IndusInd Bank, Hero MotoCorp, Nestle India and Axis Bank were among the gainers. SIn the previous session, the BSE barometer settled 290.36 points, or 0.86 per cent, higher at 34,247.05, and the broader Nifty climbed 69.50 points, or 0.69 per cent, to 10,116.15. On a net basis, foreign institutional investors sold equities worth Rs 919.26 crore in the capital market on Wednesday, provisional exchange data showed. According to analysts, market started on a negative note amid foreign fund outflow and weak cues from global markets after US Federal Reserve policy outcome. The US central bank on Wednesday cut its benchmark short-term rate to near zero, and said nearly all its policymakers foresee no rate hike through 2022. It also said that it will keep buying bonds to maintain low borrowing rates and support a US economy mired in a deep recession with high unemployment. Stock exchanges on Wall Street ended on a mixed note in overnight trade. Bourses in Hong Kong, Tokyo and Seoul were in the red, while those in Shanghai were trading with gains. International oil benchmark Brent crude futures fell 2.66 per cent to $ 40.62 per barrel.

Sensex slides 200 points amid foreign fund outflows, weak global cues

The domestic stock market on Wednesday ended in the positive territory, supported by last-minute buying in counters such as Reliance Industries (RIL), HDFC, TCS, ICICI Bank, and IndusInd Bank.&nbsp;

The S&amp;P BSE Sensex ended the day at 34,247.05, up 290 points or 0.86 per cent with IndusInd Bank (up nearly 8 per cent) being the top gainer and Hero MotoCorp (down nearly 4 per cent) the biggest loser.&nbsp;

NSE's Nifty ended at 10,116, up 69.50 points or 0.69 per cent. Of 50 constituents, 28 advanced and 22 declined. India VIX, the volatility gauge, slipped nearly 3 per cent to 29.35 levels.&nbsp;

The other prominent gainers were Hindalco and Tata Consultancy Services.&nbsp;

However, Hero MotoCorp slipped by 3.4 per cent a day after the company reported Q4 FY20 standalone profit of Rs 621 crore, down 15 per cent from Q4 FY19. GAIL, ONGC, Coal India, Bajaj Auto, Titan, Tata Steel and Britannia too traded with a negative bias.&nbsp;

Meanwhile, Asian stock markets gained for the 10th consecutive session. Japan`s Nikkei rose by 0.15 per cent while South Korea`s Kospi crawled up by 0.31 per cent. But Hong Kong`s Hang Seng was down marginally by 0.03 per cent.

(With inputs from ANI)

The domestic stock market on Wednesday ended in the positive territory, supported by last-minute buying in counters such as Reliance Industries (RIL), HDFC, TCS, ICICI Bank, and IndusInd Bank.

The domestic stock market on Wednesday ended in the positive territory, supported by last-minute buying in counters such as Reliance Industries (RIL), HDFC, TCS, ICICI Bank, and IndusInd Bank. The S&P BSE Sensex ended the day at 34,247.05, up 290 points or 0.86 per cent with IndusInd Bank (up nearly 8 per cent) being the top gainer and Hero MotoCorp (down nearly 4 per cent) the biggest loser. NSE's Nifty ended at 10,116, up 69.50 points or 0.69 per cent. Of 50 constituents, 28 advanced and 22 declined. India VIX, the volatility gauge, slipped nearly 3 per cent to 29.35 levels. The other prominent gainers were Hindalco and Tata Consultancy Services. However, Hero MotoCorp slipped by 3.4 per cent a day after the company reported Q4 FY20 standalone profit of Rs 621 crore, down 15 per cent from Q4 FY19. GAIL, ONGC, Coal India, Bajaj Auto, Titan, Tata Steel and Britannia too traded with a negative bias. Meanwhile, Asian stock markets gained for the 10th consecutive session. Japan`s Nikkei rose by 0.15 per cent while South Korea`s Kospi crawled up by 0.31 per cent. But Hong Kong`s Hang Seng was down marginally by 0.03 per cent. (With inputs from ANI)

Nifty ends above 10,100, Sensex up 290 points

The domestic equity market slipped over a per cent on Tuesday amid across-the-board sell-off with the financials taking the biggest knock.

Sensex shed 414 points or 1.2 per cent to settle at 33,956.69 while NSE's Nifty ended at 10,047, down 121 points or 1.19 per cent. Nifty Bank lost 462 points or over 2 per cent to 20,724.90 levels. Volatility index, India VIX, climbed over 2 per cent to 30.26 levels.&nbsp;

India’s economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity. The Washington-based multilateral lender said that the COVID-19 pandemic and the multi-phased lockdown imposed to curb its spread has resulted in a devastating blow to the Indian economy.

Global markets

Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery. Australia’s S&amp;P/ASX 200 surged 2.6 per cent, China’s blue-chip CSI300 index advanced 0.7 per cent and Hong Kong’s Hang Seng index climbed 1.6 per cent. Japan’s Nikkei bucked the trend to be down 0.6 per cent.&nbsp;

(With inputs from agencies)

The domestic equity market slipped over a per cent on Tuesday amid across-the-board sell-off with the financials taking the biggest knock. Sensex shed 414 points or 1.

The domestic equity market slipped over a per cent on Tuesday amid across-the-board sell-off with the financials taking the biggest knock. Sensex shed 414 points or 1.2 per cent to settle at 33,956.69 while NSE's Nifty ended at 10,047, down 121 points or 1.19 per cent. Nifty Bank lost 462 points or over 2 per cent to 20,724.90 levels. Volatility index, India VIX, climbed over 2 per cent to 30.26 levels. India’s economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity. The Washington-based multilateral lender said that the COVID-19 pandemic and the multi-phased lockdown imposed to curb its spread has resulted in a devastating blow to the Indian economy. Global markets Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery. Australia’s S&P/ASX 200 surged 2.6 per cent, China’s blue-chip CSI300 index advanced 0.7 per cent and Hong Kong’s Hang Seng index climbed 1.6 per cent. Japan’s Nikkei bucked the trend to be down 0.6 per cent. (With inputs from agencies)

Sensex plunges 850 points from day’s high, Nifty ends 535 points down

Sensex jumped over 300 points in early trade on Tuesday. After opening on a tepid note, the 30-share index was trading 309.68 points or 0.93 per cent higher at 33,613.20.

Heavyweights Kotak Bank, HDFC, TCS and Reliance Industries were the major gainers amid positive cues from global markets.

Similarly, NSE Nifty advanced 98.10 points or 1 per cent to 9,924.25.

Kotak Bank was the top gainer in the Sensex pack, rising around 7 per cent, followed by M&amp;M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech.

On the other hand, L&amp;T, ITC, ICICI Bank and SBI were among the major losers.

In the previous session, the BSE barometer settled 879.42 points or 2.57 per cent higher at 33,303.52 and the broader Nifty surged 245.85 points or 2.57 per cent to finish at 9,826.15. 
&nbsp;

Sensex jumped over 300 points in early trade on Tuesday. After opening on a tepid note, the 30-share index was trading 309.68 points or 0.93 per cent higher at 33,613.

Sensex jumped over 300 points in early trade on Tuesday. After opening on a tepid note, the 30-share index was trading 309.68 points or 0.93 per cent higher at 33,613.20. Heavyweights Kotak Bank, HDFC, TCS and Reliance Industries were the major gainers amid positive cues from global markets. Similarly, NSE Nifty advanced 98.10 points or 1 per cent to 9,924.25. Kotak Bank was the top gainer in the Sensex pack, rising around 7 per cent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech. On the other hand, L&T, ITC, ICICI Bank and SBI were among the major losers. In the previous session, the BSE barometer settled 879.42 points or 2.57 per cent higher at 33,303.52 and the broader Nifty surged 245.85 points or 2.57 per cent to finish at 9,826.15.

Sensex up over 300 points in early trade; Nifty tops 9,900

The BSE Sensex rose over 400 points on Tuesday to trade over the psychological mark of 31,000 points tracking gains in the Asian markets. Sensex opened at 30,864.

The BSE Sensex rose over 400 points on Tuesday to trade over the psychological mark of 31,000 points tracking gains in the Asian markets. Sensex opened at 30,864.27 and has so far touched an intra-day high of 31,086.70 and a low of 30,835.01 points. The Nifty50 on the National Stock Exchange was trading at 9,143.65, higher by 104.40 points or 1.15 per cent from the previous close. ITC was the top gainer in the Sensex pack, rallying over 4 per cent, followed by IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T. On the other hand, Bharti Airtel, TCS, Hero MotoCorp and Infosys were among the laggards.

Sensex rallies over 400 points in opening session; Nifty tops 9,100

The domestic stock market indices on Tuesday opened higher on May 20 with Nifty above 8,900 level.

At 09:40 IST, the Sensex was up 234.43 points or 0.79% at 30,434.34, and the Nifty was up 75.10 points or 0.85% at 8,954.20.&nbsp;

About 392 shares have advanced, 220 shares declined, and 29 shares are unchanged.

IRCTC surged 5 per cent after the Indian Railways decided to double the number of Shramik special trains to 400 a day by this week.

The domestic stock market indices on Tuesday opened higher on May 20 with Nifty above 8,900 level. At 09:40 IST, the Sensex was up 234.43 points or 0.79% at 30,434.

The domestic stock market indices on Tuesday opened higher on May 20 with Nifty above 8,900 level. At 09:40 IST, the Sensex was up 234.43 points or 0.79% at 30,434.34, and the Nifty was up 75.10 points or 0.85% at 8,954.20. About 392 shares have advanced, 220 shares declined, and 29 shares are unchanged. IRCTC surged 5 per cent after the Indian Railways decided to double the number of Shramik special trains to 400 a day by this week.

Sensex gains 230 points, Nifty above 8,950

Spurred by gains in Bharti Airtel and positive data from an early trial of a potential COVID-19 vaccine, the blue-chip Nifty 50 was up 2.09% at 9,007.20 by 11 am, while the S&P BSE Sensex was 2.

Spurred by gains in Bharti Airtel and positive data from an early trial of a potential COVID-19 vaccine, the blue-chip Nifty 50 was up 2.09% at 9,007.20 by 11 am, while the S&P BSE Sensex was 2.12% higher at 30,665.07. The NSE Nifty 50 index has slid 9% in May so far, with sharp falls in the last three sessions, as India's economic relief measures disappointed markets and domestic COVID-19 infections rose steadily. Shares in Bharti Airtel Ltd jumped 9 per cent and hit a record high as the telecoms firm reported a 15% rise in revenue. The stock was the biggest boost to the Nifty 50. Banking stocks were the next biggest boost to the Nifty 50, following a bruising Monday that saw the sector record its worst day in two weeks. HDFC Bank and mortgage lender HDFC <HDFC.NS> gained over 2% each. The banking index is down 44% this year and is among the worst performers in 2020, with the industry staring at more defaults by businesses hit by the COVID-19 pandemic, raising concerns of a fresh bout of bad loans. The number of COVID-19 cases in India surged past 100,000 on Tuesday, and the death toll stood at 3,163. India is currently under a two-month lockdown that has hit the incomes of millions of workers and left businesses without revenues. Although some lockdown curbs have been eased, air travel and most public gatherings remain restricted.

Indian shares jump on potential COVID-19 vaccine; Bharti Airtel surges

BSE Sensex plunged over 700 points while the Nifty50 on the National Stock Exchange (NSE) also fell over 200 points, below the psychological 9,000 mark. India on Sunday extended a nationwide lockdown to May 31, while easing some restrictions, but a ban on air travel and several public gatherings still remained.

BSE Sensex plunged over 700 points while the Nifty50 on the National Stock Exchange (NSE) also fell over 200 points, below the psychological 9,000 mark. India on Sunday extended a nationwide lockdown to May 31, while easing some restrictions, but a ban on air travel and several public gatherings still remained. As of Monday, India's tally of coronavirus infections surged past 96,000, while deaths surpassed 3,000. The fall can be attributed to the extension of the nationwide lockdown and the disappointment in several quarters over the economic package, according to Reuters. Around 10 a.m., the Sensex was trading at 30,359.56. lower by 738.17 points or 2.37 per cent from the previous close of 31,097.73. It had opened at 31,248.26 and has so far touched an intra-day high of 31,248.26 and a low of 30,265.67. The Nifty50 was trading at 8,916.70, lower by 220.15 points or 2.41 per cent from the previous close. Shares in drugmaker Cipla Ltd jumped 2% after March-quarter results on Friday and its filing of a new drug application for a generic version of GSK's blockbuster lung drug Advair. Indian oil-to-telecoms conglomerate Reliance Industries Ltd gained 1% after unveiling yet another sizeable investment in its digital arm.

Sensex plunges over 700 points, Nifty below 9,000 in early trade

Indian shares soared on Wednesday after Prime Minister Narendra Modi outlined Rs 20 lakh crore stimulus package aimed at supporting an economy battered by a weeks-long lockdown to combat the novel coronavirus.

Indian shares soared on Wednesday after Prime Minister Narendra Modi outlined Rs 20 lakh crore stimulus package aimed at supporting an economy battered by a weeks-long lockdown to combat the novel coronavirus. The NSE Nifty 50 index rose 2.68% to 9,441.55 by 0350 GMT, while the S&P BSE Sensex was 2.80% higher at 32,254.16. The stimulus package would be equivalent to 10% of India's gross domestic product and includes both fiscal and monetary measures, some of which have already been announced, economists said. India's coronavirus infections have been rising steadily, and on Wednesday they surged past 74,000, with more than 2,400 deaths. Maruti Suzuki Ltd, India's largest automaker, and lender Kotak Mahindra Bank are expected to report March-quarter earnings later on Wednesday. (With inputs from Reuters)

Sensex, Nifty surge after PM Modi's Rs 20 lakh crore stimulus boost

Indian stock market benchmarks BSE Sensex and Nifty50 were trading over 1 per cent down on Tuesday following weak global cues.&nbsp;

At 2:30 pm, the 30-share Sensex was down 199 points or 0.63% per cent at 31,363, while the broader Nifty 50 index was trading at 9,197.95, down 41.25 points or 0.45%.

Today Rupee ended stronger at 75.50 per US dollar vs Monday's close of 75.74/$.

A total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results.

Indian stock market benchmarks BSE Sensex and Nifty50 were trading over 1 per cent down on Tuesday following weak global cues. At 2:30 pm, the 30-share Sensex was down 199 points or 0.

Indian stock market benchmarks BSE Sensex and Nifty50 were trading over 1 per cent down on Tuesday following weak global cues. At 2:30 pm, the 30-share Sensex was down 199 points or 0.63% per cent at 31,363, while the broader Nifty 50 index was trading at 9,197.95, down 41.25 points or 0.45%. Today Rupee ended stronger at 75.50 per US dollar vs Monday's close of 75.74/$. A total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results.

Sensex off lows, still down 100 points, Nifty trades above 9,100

The domestic stock markets were trading in the red on Friday amid weak global cues. The decision of Franklin Templeton Mutual Fund (MF) yesterday to wind up six of its debt schemes also eroded sentiment.&nbsp;

BSE Sensex ended at 31,327, down 536 points or 1.7 per cent while Nifty lost 160 points or 1.71 per cent to settle at 9,154.40 levels.

Franklin Templeton Mutual Fund today announced it would wind up six yield-oriented, managed credit funds in India, effective April 23, citing severe market dislocation and illiquidity caused by the coronavirus.

"The decision has been taken to protect value for investors via a managed sale of the portfolio," the Fund said in a statement.

Meanwhile, the rupee depreciated by 40 paise to settle at 76.46 (provisional) against the US dollar on Friday, tracking weak domestic equities and a strengthening greenback overseas.

Forex traders said market sentiment weakened after a potential antiviral drug for coronavirus reportedly failed its first trial.

The rupee opened lower at 76.30 at the interbank forex market and then fell further to 76.47 and finally closed at 76.46, down 40 paise over its last close.

The rupee had settled at 76.06 against the US dollar on Thursday. 
&nbsp;The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced by 0.31 per cent to 100.74.

(With inputs from agencies)

The domestic stock markets were trading in the red on Friday amid weak global cues. The decision of Franklin Templeton Mutual Fund (MF) yesterday to wind up six of its debt schemes also eroded sentiment.

The domestic stock markets were trading in the red on Friday amid weak global cues. The decision of Franklin Templeton Mutual Fund (MF) yesterday to wind up six of its debt schemes also eroded sentiment. BSE Sensex ended at 31,327, down 536 points or 1.7 per cent while Nifty lost 160 points or 1.71 per cent to settle at 9,154.40 levels. Franklin Templeton Mutual Fund today announced it would wind up six yield-oriented, managed credit funds in India, effective April 23, citing severe market dislocation and illiquidity caused by the coronavirus. "The decision has been taken to protect value for investors via a managed sale of the portfolio," the Fund said in a statement. Meanwhile, the rupee depreciated by 40 paise to settle at 76.46 (provisional) against the US dollar on Friday, tracking weak domestic equities and a strengthening greenback overseas. Forex traders said market sentiment weakened after a potential antiviral drug for coronavirus reportedly failed its first trial. The rupee opened lower at 76.30 at the interbank forex market and then fell further to 76.47 and finally closed at 76.46, down 40 paise over its last close. The rupee had settled at 76.06 against the US dollar on Thursday. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced by 0.31 per cent to 100.74. (With inputs from agencies)

Sensex slips 536 points, Nifty ends at 9,154; financials decline

Indian stocks rose on Wednesday, courtesy an 8 per cent jump in Reliance Industries Ltd after Facebook invested in its digital business. The broader sentiment, however, remained weak following another meltdown in oil.

Shares of heavyweight Reliance Industries climbed to a near seven-week high after Facebook bought a 10 per cent stake in the company's digital business for $5.7 billion.

The NSE Nifty 50 index inched up 0.5 per cent to 9,028.2 by 0349 GMT, while the benchmark S&amp;P BSE Sensex rose 0.5 per cent to 30,813.29.

Gains in Reliance helped eclipse losses in nearly a third of the Nifty 50 components, driven by weak risk appetite as crude prices remained under pressure.

In Mumbai, energy giant Oil and Natural Gas Corporation Ltd fell as much as 6.9 per cent to a three-week low.

Meanwhile, Asian share markets slipped to two-week lows as the plunge in oil prices exposed the deep economic damage wrought by the global coronavirus health crisis.

 
&nbsp;

Indian stocks rose on Wednesday, courtesy an 8 per cent jump in Reliance Industries Ltd after Facebook invested in its digital business. The broader sentiment, however, remained weak following another meltdown in oil.

Indian stocks rose on Wednesday, courtesy an 8 per cent jump in Reliance Industries Ltd after Facebook invested in its digital business. The broader sentiment, however, remained weak following another meltdown in oil. Shares of heavyweight Reliance Industries climbed to a near seven-week high after Facebook bought a 10 per cent stake in the company's digital business for $5.7 billion. The NSE Nifty 50 index inched up 0.5 per cent to 9,028.2 by 0349 GMT, while the benchmark S&P BSE Sensex rose 0.5 per cent to 30,813.29. Gains in Reliance helped eclipse losses in nearly a third of the Nifty 50 components, driven by weak risk appetite as crude prices remained under pressure. In Mumbai, energy giant Oil and Natural Gas Corporation Ltd fell as much as 6.9 per cent to a three-week low. Meanwhile, Asian share markets slipped to two-week lows as the plunge in oil prices exposed the deep economic damage wrought by the global coronavirus health crisis.

Nifty, Sensex edge high as Reliance jumps on Facebook deal

After a negative start in the early morning session, Indian equity markets staged a smart recovery on Wednesday, lifted by pharma, FMCG, and auto stocks, despite weakness in most global indices.

At 10 am, BSE Sensex index was up 392.47 points, or 1.31%, at 30,459.68 levels. The Nifty50 index jumped 147.05 points, higher at 8,939.25 levels. Nifty Bank index, up 5.5 per cent, was the top sectoral gainer.&nbsp;

Yesterday, Indian equity indices recorded their biggest single-day gain on Tuesday with the BSE Sensex gaining over 2,400 points.&nbsp;

Positive global cues and healthy buying in the banking, healthcare stocks among others supported boosted the nearly 9 per cent surge and helped the benchmark index was able to reclaim the psychological mark of 30,000.

After a negative start in the early morning session, Indian equity markets staged a smart recovery on Wednesday, lifted by pharma, FMCG, and auto stocks, despite weakness in most global indices.

After a negative start in the early morning session, Indian equity markets staged a smart recovery on Wednesday, lifted by pharma, FMCG, and auto stocks, despite weakness in most global indices. At 10 am, BSE Sensex index was up 392.47 points, or 1.31%, at 30,459.68 levels. The Nifty50 index jumped 147.05 points, higher at 8,939.25 levels. Nifty Bank index, up 5.5 per cent, was the top sectoral gainer. Yesterday, Indian equity indices recorded their biggest single-day gain on Tuesday with the BSE Sensex gaining over 2,400 points. Positive global cues and healthy buying in the banking, healthcare stocks among others supported boosted the nearly 9 per cent surge and helped the benchmark index was able to reclaim the psychological mark of 30,000.

Sensex jumps 500 points, Nifty reclaims 8,950

The domestic stock markets surged over 4 per cent higher on Tuesday, in line with the Asian indices which rose on signs that the rate of coronavirus-related deaths globally is dropping.

At 10 am, BSE Sensex index was up 1,288.38 points, or 4.67 per cent, at 28,879.33 levels. The Nifty50 index jumped 359.50 points, 4.5 per cent, higher at 8443.30 levels. Nifty Bank index, up 5.5 per cent, was the top sectoral gainer.&nbsp;

US stocks rocketed higher, with each of the major indices rallying over 7 per cent. In Asia, Japan's Nikkei was up 2.3 per cent while South Korea's Kospi gained over 1 per cent.

In commodities, Brent crude rose 2 per cent and US crude was up nearly 4 per cent on hopes that the world’s main oil producers including Saudi Arabia and Russia could agree to cut output at a meeting on Thursday.

The domestic stock markets surged over 4 per cent higher on Tuesday, in line with the Asian indices which rose on signs that the rate of coronavirus-related deaths globally is dropping.

The domestic stock markets surged over 4 per cent higher on Tuesday, in line with the Asian indices which rose on signs that the rate of coronavirus-related deaths globally is dropping. At 10 am, BSE Sensex index was up 1,288.38 points, or 4.67 per cent, at 28,879.33 levels. The Nifty50 index jumped 359.50 points, 4.5 per cent, higher at 8443.30 levels. Nifty Bank index, up 5.5 per cent, was the top sectoral gainer. US stocks rocketed higher, with each of the major indices rallying over 7 per cent. In Asia, Japan's Nikkei was up 2.3 per cent while South Korea's Kospi gained over 1 per cent. In commodities, Brent crude rose 2 per cent and US crude was up nearly 4 per cent on hopes that the world’s main oil producers including Saudi Arabia and Russia could agree to cut output at a meeting on Thursday.

Sensex surges 1,300 points, Nifty tests 8,450 on positive global cues

Equity benchmark indices slipped further on Friday as banks and financial stocks dragged with investors expecting a deterioration in their asset qualities due to disruption in economic activity from the coronavirus outbreak.

At the closing bell, the BSE S&amp;P Sensex was down by 674 points or 2.39 per cent at 27,591 while the Nifty 50 slipped by 170 points or 2.06 per cent at 8,084.

Also read:&nbsp;<a href="https://www.wionews.com/india-news/world-bank-approves-1-billion-emergency-fund-for-india-to-fight-coronavirus-290252" hreflang="en">World Bank approves $1 billion emergency fund for India to fight coronavirus</a>

Except for Nifty FMCG and pharma, all sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 5.4 per cent, IT and auto by 3 per cent each, and metal by 1.9 per cent.

Nifty pharma, however, rose by 4.7 per cent.Among stocks, private sector lender Axis Bank dropped by 8.8 per cent to Rs 326.90 per share while IndusInd Bank dipped by 8.3 per cent, ICICI Bank by 7.4 per cent and State Bank of India by 5.6 per cent.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/will-coronavirus-crisis-cost-your-paycheck-employment-290233" hreflang="en">Will coronavirus crisis cost your paycheck, employment?</a>

HDFC was down by 5.2 per cent to Rs 1,499.75 per share. The other major losers were Titan, Maruti, Asian Paints and Wipro.But Sun Pharma jumped by 9.5 per cent to Rs 376.45 per share while Cipla rose by 8.2 per cent.

ITC, GAIL, ONGC and Bharat Petroleum Corporation traded with a positive bias.Meanwhile, Asian markets were flat despite Wall Street's overnight gains after crude prices notched their biggest one-day surge on record.

Japan Nikkei crawled up by 0.01 per cent and South Korea's Kospi by 0.03 per cent while Hong Kong's Hang Seng slipped by 0.19 per cent and Shanghai composite by 0.6 per cent.

US stocks rallied after President Donald Trump said he expects Russia and Saudi Arabia to announce an oil production cut of up to 10 million to 15 million barrels as the two countries signalled a willingness to make a deal.

Saudi Arabia said it will call an emergency meeting of the Organisation of the Petroleum Exporting Countries, media reports said. 
&nbsp;

Equity benchmark indices slipped further on Friday as banks and financial stocks dragged with investors expecting a deterioration in their asset qualities due to disruption in economic activity from the coronavirus outbreak.

Equity benchmark indices slipped further on Friday as banks and financial stocks dragged with investors expecting a deterioration in their asset qualities due to disruption in economic activity from the coronavirus outbreak. At the closing bell, the BSE S&P Sensex was down by 674 points or 2.39 per cent at 27,591 while the Nifty 50 slipped by 170 points or 2.06 per cent at 8,084. Also read: World Bank approves $1 billion emergency fund for India to fight coronavirus Except for Nifty FMCG and pharma, all sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 5.4 per cent, IT and auto by 3 per cent each, and metal by 1.9 per cent. Nifty pharma, however, rose by 4.7 per cent.Among stocks, private sector lender Axis Bank dropped by 8.8 per cent to Rs 326.90 per share while IndusInd Bank dipped by 8.3 per cent, ICICI Bank by 7.4 per cent and State Bank of India by 5.6 per cent. Also read: Will coronavirus crisis cost your paycheck, employment? HDFC was down by 5.2 per cent to Rs 1,499.75 per share. The other major losers were Titan, Maruti, Asian Paints and Wipro.But Sun Pharma jumped by 9.5 per cent to Rs 376.45 per share while Cipla rose by 8.2 per cent. ITC, GAIL, ONGC and Bharat Petroleum Corporation traded with a positive bias.Meanwhile, Asian markets were flat despite Wall Street's overnight gains after crude prices notched their biggest one-day surge on record. Japan Nikkei crawled up by 0.01 per cent and South Korea's Kospi by 0.03 per cent while Hong Kong's Hang Seng slipped by 0.19 per cent and Shanghai composite by 0.6 per cent. US stocks rallied after President Donald Trump said he expects Russia and Saudi Arabia to announce an oil production cut of up to 10 million to 15 million barrels as the two countries signalled a willingness to make a deal. Saudi Arabia said it will call an emergency meeting of the Organisation of the Petroleum Exporting Countries, media reports said.

Sensex falls by 674 points, banking stocks plunge

The domestic stock market indices Sensex and Nifty rose over 3.5% on positive global cues on the last day of the financial year 2019-2020.

The 30-share BSE Sensex closed in the positive territory, ending 1,028.17 points or 3.62 per cent higher at 29,468.49 and the NSE Nifty rose 316.65 points, or 3.82 per cent, to close at 8,597.75.

With financial stocks suffering the most, the stock market has responded to the coronavirus pandemic with worrying volatility, as traders have panic-sold out of fear.

In the month of March, BSE and NSE both the stock markets have posted their worst monthly fall since October 2008 and their worst annual fall since 2009 due to the coronavirus-led selloff and a sluggish domestic economy.

(With inputs from agencies)

The domestic stock market indices Sensex and Nifty rose over 3.5% on positive global cues on the last day of the financial year 2019-2020. The 30-share BSE Sensex closed in the positive territory, ending 1,028.

The domestic stock market indices Sensex and Nifty rose over 3.5% on positive global cues on the last day of the financial year 2019-2020. The 30-share BSE Sensex closed in the positive territory, ending 1,028.17 points or 3.62 per cent higher at 29,468.49 and the NSE Nifty rose 316.65 points, or 3.82 per cent, to close at 8,597.75. With financial stocks suffering the most, the stock market has responded to the coronavirus pandemic with worrying volatility, as traders have panic-sold out of fear. In the month of March, BSE and NSE both the stock markets have posted their worst monthly fall since October 2008 and their worst annual fall since 2009 due to the coronavirus-led selloff and a sluggish domestic economy. (With inputs from agencies)

Sensex, Nifty end higher on positive global cues

Bear run continued in the Indian stock markets on Monday afternoon with the BSE Sensex falling over 1,375 points.

The Nifty50 on the National Stock Exchange also plunged over 379 points to trade below the 8,300 mark.

The decline was in line with the global sell-off, as Asian indices fell on the growing number of coronavirus cases worldwide.

The Sensex had opened at 29,226.55 and touched an intra-day high of 29,497.57.

Although it has been a sell-off across all sectors, banking, financial and auto stocks witnessed heavy selling pressure.

On the Sensex, Bajaj Finance, HDFC, Mahindra &amp; Mahindra, Tata Steel and Maruti Suzuki lost the most while Tech Mahindra, Hindustan Unilever, Nestle India, TCS and Asian Paints were the only gainers.

Bear run continued in the Indian stock markets on Monday afternoon with the BSE Sensex falling over 1,375 points. The Nifty50 on the National Stock Exchange also plunged over 379 points to trade below the 8,300 mark.

Bear run continued in the Indian stock markets on Monday afternoon with the BSE Sensex falling over 1,375 points. The Nifty50 on the National Stock Exchange also plunged over 379 points to trade below the 8,300 mark. The decline was in line with the global sell-off, as Asian indices fell on the growing number of coronavirus cases worldwide. The Sensex had opened at 29,226.55 and touched an intra-day high of 29,497.57. Although it has been a sell-off across all sectors, banking, financial and auto stocks witnessed heavy selling pressure. On the Sensex, Bajaj Finance, HDFC, Mahindra & Mahindra, Tata Steel and Maruti Suzuki lost the most while Tech Mahindra, Hindustan Unilever, Nestle India, TCS and Asian Paints were the only gainers.

Sensex crashes 1,375 points, Nifty below 8,300 amid COVID-19 crisis

The domestic stock market indices slipped down from session highs to fall 1% on Friday even though Reserve Bank of India (RBI) Governor Shaktikanta Das announced measures to help cope with the economic fallout from the coronavirus pandemic.

At noon, the S&amp;P BSE Sensex was down 6.20 points, or 0.021%, at 29,940.57 levels and the Nifty50 index slipped below the 9,000-mark, to hover around 8,688.15 levels, down 46.70 points.&nbsp;

Meanwhile, Reserve Bank of India (RBI) Governor Shaktikanta Das today cut interest rates by 75 basis points to 4.4%. He also announced several measures to inject Rs 3.74 lakh crore liquidity into the system.

These measures come just hours after Moody's Investors Service cut India's growth forecasts for the 2020 calendar year to 2.5% from 5.3%. 
 
Banking stocks were trading with decent gains&nbsp;after RBI&nbsp;slashed the repo rate by 75 basis points (bps) to 4.4 per cent, to fight Coronavirus (Covid-19) pandemic. The Nifty Bank index moved higher by 4 per cent in intra-day deals post the announcements.

On Thursday, Union Finance Minister Nirmala Sitharaman announced a Rs 1.7 lakh crore relief package under Garib Kalyan Yojana — in the wake of the lockdown imposed due to the spurt in coronavirus cases in the country. The tally now stands at&nbsp;735 — with 17 deaths.

Prime Minister Narendra Modi on Tuesday announced a 21-day lockdown to stem the growth of coronavirus in the country. 
 
(With inputs from agencies)

The domestic stock market indices slipped down from session highs to fall 1% on Friday even though Reserve Bank of India (RBI) Governor Shaktikanta Das announced measures to help cope with the economic fallout from the coronavirus pandemic.

The domestic stock market indices slipped down from session highs to fall 1% on Friday even though Reserve Bank of India (RBI) Governor Shaktikanta Das announced measures to help cope with the economic fallout from the coronavirus pandemic. At noon, the S&P BSE Sensex was down 6.20 points, or 0.021%, at 29,940.57 levels and the Nifty50 index slipped below the 9,000-mark, to hover around 8,688.15 levels, down 46.70 points. Meanwhile, Reserve Bank of India (RBI) Governor Shaktikanta Das today cut interest rates by 75 basis points to 4.4%. He also announced several measures to inject Rs 3.74 lakh crore liquidity into the system. These measures come just hours after Moody's Investors Service cut India's growth forecasts for the 2020 calendar year to 2.5% from 5.3%. Banking stocks were trading with decent gains after RBI slashed the repo rate by 75 basis points (bps) to 4.4 per cent, to fight Coronavirus (Covid-19) pandemic. The Nifty Bank index moved higher by 4 per cent in intra-day deals post the announcements. On Thursday, Union Finance Minister Nirmala Sitharaman announced a Rs 1.7 lakh crore relief package under Garib Kalyan Yojana — in the wake of the lockdown imposed due to the spurt in coronavirus cases in the country. The tally now stands at 735 — with 17 deaths. Prime Minister Narendra Modi on Tuesday announced a 21-day lockdown to stem the growth of coronavirus in the country. (With inputs from agencies)

Sensex slips below 30,000 despite RBI's rate cut

Equity benchmarks surged for the third straight session on Thursday, logging their best three-day gains in years, after the government's much awaited stimulus measures for coronavirus lockdown-hit segments lifted sentiments.

The BSE gauge Sensex surged 1,410.99 points or 4.94 per cent to settle at 29,946.77; while the NSE barometer Nifty sot up 323.60 points or 3.89 per cent to 8,641.45.

After the worst-ever crash on Monday, the Sensex has recovered by 3,965.53 points or 15.26 per cent over the last three sessions. Likewise, the NSE Nifty has regained 1,031.20 points or 13.55 per cent in three days.

On the Sensex chart, IndusInd Bank was the top gainer, rallying up to 46 per cent. Other winners were Bharti Airtel, L&amp;T, Bajaj Finance, Kotak Mahindra, Bajaj Auto, HUL and HDFC -- rising up to 10 per cent.

On the other hand, Maruti Suzuki, Tech Mahindra, Sun Pharma and Reliance Industries closed with losses.

All sectoral indices ended with gains with BSE telecom, capital goods, bankex, finance, realty and FMCG indices surging up to 10 per cent.

The broader markets also gained momentum with the Nifty Midcap and Smallcap indices rising 3 per cent each.

In an effort to cushion the economic blow of the 21-day lockdown in wake of the Covid-19 pandemic, Finance Minister Sitharaman announced a slew of measures worth Rs 1.70 lakh crore to help citizens survive the crisis.

Paras Bothra, President of Equity Research, Ashika Stock Broking, said, "Domestic markets zoomed for the second day on the trot driven by optimism on $&nbsp;2 trillion packages to US economy and also in anticipation of an economic package for the Indian economy."

"Finance Minister indeed announced Rs 1,75,000 cr package for the poor and needy, however, measures addressed to corporate or SMEs are still missing. Perhaps this will be followed by monetary stimulus by RBI along with forbearance on loan repayments."

The Rs 1.70 lakh crore economic package involves free food grains and cooking gas to poor for the next three months, one-time doles to women and poor senior citizens, higher wages to workers and measures to boost the liquidity of employees. The scheme will be implemented with immediate effect.

"This is a package for lockdown impacted segments,"&nbsp;said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, adding that the government is prioritising.

"Industry-specific measures are likely to be announced in the next package. This can go a long way in implementing the lockdown,"&nbsp;he said.

According to traders, volatility remained during the day as March derivatives contracts expired.

The Indian rupee appreciated 57 paise to 75.37 against the US dollar in intra-day trade.

In a positive news for India's fiscal health, the crude oil prices continued to trade below $30 a barrel amid steep fall in demand due to COVID-19 led lockdowns in major parts of the world.

International oil benchmark, Brent crude futures fell 2.15 per cent to $26.80 per barrel.

Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended significantly lower. Benchmarks in Europe were also trading in the red.

The number of COVID-19 cases climbed to 649 in India and the death toll rose to 13, with one death reported each from Gujarat, Tamil Nadu and Madhya Pradesh, according to the Health Ministry.&nbsp;

Equity benchmarks surged for the third straight session on Thursday, logging their best three-day gains in years, after the government's much awaited stimulus measures for coronavirus lockdown-hit segments lifted sentiments.

Equity benchmarks surged for the third straight session on Thursday, logging their best three-day gains in years, after the government's much awaited stimulus measures for coronavirus lockdown-hit segments lifted sentiments. The BSE gauge Sensex surged 1,410.99 points or 4.94 per cent to settle at 29,946.77; while the NSE barometer Nifty sot up 323.60 points or 3.89 per cent to 8,641.45. After the worst-ever crash on Monday, the Sensex has recovered by 3,965.53 points or 15.26 per cent over the last three sessions. Likewise, the NSE Nifty has regained 1,031.20 points or 13.55 per cent in three days. On the Sensex chart, IndusInd Bank was the top gainer, rallying up to 46 per cent. Other winners were Bharti Airtel, L&T, Bajaj Finance, Kotak Mahindra, Bajaj Auto, HUL and HDFC -- rising up to 10 per cent. On the other hand, Maruti Suzuki, Tech Mahindra, Sun Pharma and Reliance Industries closed with losses. All sectoral indices ended with gains with BSE telecom, capital goods, bankex, finance, realty and FMCG indices surging up to 10 per cent. The broader markets also gained momentum with the Nifty Midcap and Smallcap indices rising 3 per cent each. In an effort to cushion the economic blow of the 21-day lockdown in wake of the Covid-19 pandemic, Finance Minister Sitharaman announced a slew of measures worth Rs 1.70 lakh crore to help citizens survive the crisis. Paras Bothra, President of Equity Research, Ashika Stock Broking, said, "Domestic markets zoomed for the second day on the trot driven by optimism on $ 2 trillion packages to US economy and also in anticipation of an economic package for the Indian economy." "Finance Minister indeed announced Rs 1,75,000 cr package for the poor and needy, however, measures addressed to corporate or SMEs are still missing. Perhaps this will be followed by monetary stimulus by RBI along with forbearance on loan repayments." The Rs 1.70 lakh crore economic package involves free food grains and cooking gas to poor for the next three months, one-time doles to women and poor senior citizens, higher wages to workers and measures to boost the liquidity of employees. The scheme will be implemented with immediate effect. "This is a package for lockdown impacted segments," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, adding that the government is prioritising. "Industry-specific measures are likely to be announced in the next package. This can go a long way in implementing the lockdown," he said. According to traders, volatility remained during the day as March derivatives contracts expired. The Indian rupee appreciated 57 paise to 75.37 against the US dollar in intra-day trade. In a positive news for India's fiscal health, the crude oil prices continued to trade below $30 a barrel amid steep fall in demand due to COVID-19 led lockdowns in major parts of the world. International oil benchmark, Brent crude futures fell 2.15 per cent to $26.80 per barrel. Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended significantly lower. Benchmarks in Europe were also trading in the red. The number of COVID-19 cases climbed to 649 in India and the death toll rose to 13, with one death reported each from Gujarat, Tamil Nadu and Madhya Pradesh, according to the Health Ministry.

Market clocks best 3-day rally in years as stimulus calms investor jitters amid lockdown

Domestic stock market indices surged on Thursday with the BSE Sensex gaining over 1,500 points.

The rise in the market was in line with the gains in the Asian market and following the reports that the government may soon announce an economic stimulus package to soften the blow of countrywide lockdown amid spreading coronavirus.

Healthy buying in finance and banking stocks also supported the domestic indices.

At 1 pm, Sensex was trading at 29,911.65, higher by 1,375.87, or 4.82% from the previous close of 28,535.78.

The Nifty50 was trading at 8,679.45, higher by 361.60 points from the previous close.

The BSE Sensex had opened at 29,073.71 and has so far touched an intra-day high or 30,099.91 and a low of 28,566.34.

Yesterday, the BSE MidCap and SmallCap index closed higher by 3.53 per cent and 2.84 per cent, respectively. 
 
(With inputs from agencies)

Domestic stock market indices surged on Thursday with the BSE Sensex gaining over 1,500 points. The rise in the market was in line with the gains in the Asian market and following the reports that the government may soon announce an economic stimulus package to soften the blow of countrywide lockdown amid spreading coronavirus.

Domestic stock market indices surged on Thursday with the BSE Sensex gaining over 1,500 points. The rise in the market was in line with the gains in the Asian market and following the reports that the government may soon announce an economic stimulus package to soften the blow of countrywide lockdown amid spreading coronavirus. Healthy buying in finance and banking stocks also supported the domestic indices. At 1 pm, Sensex was trading at 29,911.65, higher by 1,375.87, or 4.82% from the previous close of 28,535.78. The Nifty50 was trading at 8,679.45, higher by 361.60 points from the previous close. The BSE Sensex had opened at 29,073.71 and has so far touched an intra-day high or 30,099.91 and a low of 28,566.34. Yesterday, the BSE MidCap and SmallCap index closed higher by 3.53 per cent and 2.84 per cent, respectively. (With inputs from agencies)

Sensex up 1,500 points, Nifty above 8,600

The 30-scrip Sensitive Index (Sensex) on Wednesday recovered after opening on a negative note.

The Sensex of the BSE opened at 26,499.81 points and touched a high of 27.299.44 points. The Sensex touched a low of 26,458.52 points.

On Tuesday, the Sensex had closed at 26,674.03 points.

The Sensex is trading at 27,183.39 points up by 509.36 points or 1.91 per cent.

On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 7,735.15 points after closing at 7,801.05 points on Tuesday.

The Nifty is trading at 7,970.75 points in the morning.&nbsp;

The 30-scrip Sensitive Index (Sensex) on Wednesday recovered after opening on a negative note. The Sensex of the BSE opened at 26,499.81 points and touched a high of 27.

The 30-scrip Sensitive Index (Sensex) on Wednesday recovered after opening on a negative note. The Sensex of the BSE opened at 26,499.81 points and touched a high of 27.299.44 points. The Sensex touched a low of 26,458.52 points. On Tuesday, the Sensex had closed at 26,674.03 points. The Sensex is trading at 27,183.39 points up by 509.36 points or 1.91 per cent. On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 7,735.15 points after closing at 7,801.05 points on Tuesday. The Nifty is trading at 7,970.75 points in the morning.

Sensex, Nifty up after opening on a negative note

The domestic stock markets today erased most of its early gains after trading higher at the opening of the markets.

Benchmark indices opened in positive territory on 24 March with Sensex added more than 1000 points.&nbsp;

At 10:30 hrs IST, the Sensex is down 195.72 points or 0.75% per cent at 25,785.52, and the Nifty down by 81.05 points at 7,529.20.

At around 11 am, S&amp;P BSE Sensex was trading at 26,414.11, up 432.87 points or 1.67 per cent, while the broader Nifty 50 index was ruling at 7,734, up 123.75 points or 1.63 per cent.

Earlier at the opening of the market, S&amp;P BSE Sensex was trading 1454 points or 5.6 per cent higher at 27,435, while the broader Nifty 50 index was ruling above 8,000-mark, up 417 points or 5.48 per cent at 8,027. All the 30 Sensex stocks were trading in the green, with HCL Tech as the top gainer, up 9.85 per cent, followed by HUL, Axis Bank, Tech Mahindra and Bajaj Finance.

The domestic stock markets today erased most of its early gains after trading higher at the opening of the markets. Benchmark indices opened in positive territory on 24 March with Sensex added more than 1000 points.

The domestic stock markets today erased most of its early gains after trading higher at the opening of the markets. Benchmark indices opened in positive territory on 24 March with Sensex added more than 1000 points. At 10:30 hrs IST, the Sensex is down 195.72 points or 0.75% per cent at 25,785.52, and the Nifty down by 81.05 points at 7,529.20. At around 11 am, S&P BSE Sensex was trading at 26,414.11, up 432.87 points or 1.67 per cent, while the broader Nifty 50 index was ruling at 7,734, up 123.75 points or 1.63 per cent. Earlier at the opening of the market, S&P BSE Sensex was trading 1454 points or 5.6 per cent higher at 27,435, while the broader Nifty 50 index was ruling above 8,000-mark, up 417 points or 5.48 per cent at 8,027. All the 30 Sensex stocks were trading in the green, with HCL Tech as the top gainer, up 9.85 per cent, followed by HUL, Axis Bank, Tech Mahindra and Bajaj Finance.

Sensex, Nifty shed initial gains, swing between green and red 

Sell-off continued in the Indian stock markets as the BSE Sensex fell over 3,500 points after trade resumed on the exchanges after a 45-minute halt.

The Nifty on the National Stock Exchange also lost over 1,000 points to trade below the 8,000 mark.

At 11.05 a.m., Sensex was trading at 26,409, lower by 3,507 points from the previous close of 29,915.96.

It had opened at 27,608.80 and has so far touched a high of 27,900.83 and a low of 26,391 points.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/sensex-loses-10-rupee-hits-new-low-amid-coronavirus-fears-287975">Sensex loses 10%, Rupee hits new low amid coronavirus fears</a>

The Nifty&nbsp;was trading at 7,723, lower by 1008 points.

The sell-off was on the back of the coronavirus crisis as several cities and states in India have been put under lockdown.

Asian stock exchange too traded in the red.

So far, over 380 confirmed cases of the disease have been reported in India and seven people in the country have lost their lives.

Sell-off continued in the Indian stock markets as the BSE Sensex fell over 3,500 points after trade resumed on the exchanges after a 45-minute halt. The Nifty on the National Stock Exchange also lost over 1,000 points to trade below the 8,000 mark.

Sell-off continued in the Indian stock markets as the BSE Sensex fell over 3,500 points after trade resumed on the exchanges after a 45-minute halt. The Nifty on the National Stock Exchange also lost over 1,000 points to trade below the 8,000 mark. At 11.05 a.m., Sensex was trading at 26,409, lower by 3,507 points from the previous close of 29,915.96. It had opened at 27,608.80 and has so far touched a high of 27,900.83 and a low of 26,391 points. Also read: Sensex loses 10%, Rupee hits new low amid coronavirus fears The Nifty was trading at 7,723, lower by 1008 points. The sell-off was on the back of the coronavirus crisis as several cities and states in India have been put under lockdown. Asian stock exchange too traded in the red. So far, over 380 confirmed cases of the disease have been reported in India and seven people in the country have lost their lives.

Sensex falls 3,500 points as trade resumes;  Nifty loses over 1,000 points

A day after at least 75 Indian districts were put under lockdown to control coronavirus spread, Sensex, Nifty nosedived in the opening session and rupee hit a new low on Monday.&nbsp;

BSE Sensex lost 2,991.85 points or 10 per cent and was trading at 26,924.11, while, NSE Nifty tanked 720.55 points to 8,024.90, as per the latest updates.

The Indian rupee also fell to a new low and was trading below 76 against the US dollar.&nbsp;

Asian markets mostly reported losses in the early trade as coronavirus concerns continue to haunt investors.&nbsp;

Hong Kong's Hang Seng declined 3.7 per cent, Singapore down 7.5 per cent and Seoul lost 3.4 per cent.&nbsp;

Tokyo, however, witnessed gains and was up 0.5 per cent as a cheaper yen against the dollar encouraged the market.&nbsp;

On Sunday, India reported three coronavirus deaths on a day when India witnessed a self-imposed curfew to control the spread of the pandemic. The coronavirus-infected cases in India also surged nearly to 400 in India.&nbsp;

Indian markets witnessed some recovery on Friday, led by gains in IT sector as 30-share-index closed 5.75 points higher at 29,915 and Nifty rose 5.83 per cent to finish at 8,745.

 
&nbsp;

A day after at least 75 Indian districts were put under lockdown to control coronavirus spread, Sensex, Nifty nosedived in the opening session and rupee hit a new low on Monday.

A day after at least 75 Indian districts were put under lockdown to control coronavirus spread, Sensex, Nifty nosedived in the opening session and rupee hit a new low on Monday. BSE Sensex lost 2,991.85 points or 10 per cent and was trading at 26,924.11, while, NSE Nifty tanked 720.55 points to 8,024.90, as per the latest updates. The Indian rupee also fell to a new low and was trading below 76 against the US dollar. Asian markets mostly reported losses in the early trade as coronavirus concerns continue to haunt investors. Hong Kong's Hang Seng declined 3.7 per cent, Singapore down 7.5 per cent and Seoul lost 3.4 per cent. Tokyo, however, witnessed gains and was up 0.5 per cent as a cheaper yen against the dollar encouraged the market. On Sunday, India reported three coronavirus deaths on a day when India witnessed a self-imposed curfew to control the spread of the pandemic. The coronavirus-infected cases in India also surged nearly to 400 in India. Indian markets witnessed some recovery on Friday, led by gains in IT sector as 30-share-index closed 5.75 points higher at 29,915 and Nifty rose 5.83 per cent to finish at 8,745.

Sensex loses 10%, Rupee hits new low amid coronavirus fears

Equity benchmark Sensex surged over 500 points in opening session on Monday on hopes of an economic stimulus after Prime Minister Narendra Modi announced a financial task force to take necessary actions to combat the Covid-19 pandemic's economic blow.

The indices, however, succumbed to profit-booking at higher levels as concerns remained over the rising cases of the novel coronavirus (Covid-19), traders said.

After spiking 573.07 points, the BSE barometer gave up all gains to trade 195.57 points or 0.69 per cent lower at 28,092.66.

Similarly, the NSE Nifty was trading?39.15?points, or 0.47 per cent, down at?8,224.30, after hitting a high of 8,441.25 in early session.

In the previous session, the 30-share BSE index closed 581.28 points or 2.01 per cent lower at 28,288.23. The Nifty tumbled 205.35 points, or 2.42 per cent, to close at 8,263.45.

On a net basis, foreign institutional investors sold equities worth Rs 4,622.93 crore on Thursday, data available with stock exchanges showed.

IndusInd Bank was the top laggard in the Sensex pack, tanking up to 7 per cent, followed by HDFC twins, Kotak Bank, Bajaj Finance, ICICI Bank and Axis Bank.

On the other hand, ITC, PowerGrid, HUL, ONGC and Sun Pharma were among the gainers.

Prime Minister Narendra Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "in the near future" after analysing the coronavirus pandemic situation.

According to government sources, Finance Minister Nirmala Sitharaman will hold a meeting with MSME Minister Nitin Gadkari, Animal Husbandry Minister Giriraj Singh, Civil Aviation Minister Hardeep Singh Puri and Tourism Minister Prahlad Singh Patel on Friday to assess the situation in order to work out a package.

Calling for "resolve and restraint" to fight coronavirus, Modi asked the entire country to observe 'Janta curfew' on Sunday.

In a nearly 30-minute national broadcast, he asked people to stay indoors and work from home as much as possible while underscoring the dangers of coronavirus, saying the world has never seen a crisis as grave as this.

The novel coronavirus cases in India rose to 195 on Friday after 22 fresh cases were reported from various parts of the country, according to the Health Ministry data.

Globally, the death toll from the virus has risen to over 9,800 with more than 232,650 cases in 158 countries and territories.

"The PM had set the stage for more action to follow. The Covid- 19 Task Force under the FM's leadership can be expected to come out with concrete proposals very soon," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The huge oil bounty from the crude crash can be used for this, he said adding that PM's appeal is a curtain-raiser for the concrete actions to follow soon.

World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic, analysts said, adding that concerns over the rapid spread of the virus remained.

Bourses in Shanghai, Hong Kong, Seoul jumped up to 4 per cent, while Tokyo was in the red.

Stock exchanges on Wall Street too ended on a positive note.

Meanwhile, the rupee too appreciated 37 paise to 74.74 against US dollar in the morning session.

Global oil benchmark, Brent crude futures rose over 2.04 per cent to $29.05 per barrel.&nbsp;

&nbsp;

Equity benchmark Sensex surged over 500 points in opening session on Monday on hopes of an economic stimulus after Prime Minister Narendra Modi announced a financial task force to take necessary actions to combat the Covid-19 pandemic's economic blow.

Equity benchmark Sensex surged over 500 points in opening session on Monday on hopes of an economic stimulus after Prime Minister Narendra Modi announced a financial task force to take necessary actions to combat the Covid-19 pandemic's economic blow. The indices, however, succumbed to profit-booking at higher levels as concerns remained over the rising cases of the novel coronavirus (Covid-19), traders said. After spiking 573.07 points, the BSE barometer gave up all gains to trade 195.57 points or 0.69 per cent lower at 28,092.66. Similarly, the NSE Nifty was trading?39.15?points, or 0.47 per cent, down at?8,224.30, after hitting a high of 8,441.25 in early session. In the previous session, the 30-share BSE index closed 581.28 points or 2.01 per cent lower at 28,288.23. The Nifty tumbled 205.35 points, or 2.42 per cent, to close at 8,263.45. On a net basis, foreign institutional investors sold equities worth Rs 4,622.93 crore on Thursday, data available with stock exchanges showed. IndusInd Bank was the top laggard in the Sensex pack, tanking up to 7 per cent, followed by HDFC twins, Kotak Bank, Bajaj Finance, ICICI Bank and Axis Bank. On the other hand, ITC, PowerGrid, HUL, ONGC and Sun Pharma were among the gainers. Prime Minister Narendra Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "in the near future" after analysing the coronavirus pandemic situation. According to government sources, Finance Minister Nirmala Sitharaman will hold a meeting with MSME Minister Nitin Gadkari, Animal Husbandry Minister Giriraj Singh, Civil Aviation Minister Hardeep Singh Puri and Tourism Minister Prahlad Singh Patel on Friday to assess the situation in order to work out a package. Calling for "resolve and restraint" to fight coronavirus, Modi asked the entire country to observe 'Janta curfew' on Sunday. In a nearly 30-minute national broadcast, he asked people to stay indoors and work from home as much as possible while underscoring the dangers of coronavirus, saying the world has never seen a crisis as grave as this. The novel coronavirus cases in India rose to 195 on Friday after 22 fresh cases were reported from various parts of the country, according to the Health Ministry data. Globally, the death toll from the virus has risen to over 9,800 with more than 232,650 cases in 158 countries and territories. "The PM had set the stage for more action to follow. The Covid- 19 Task Force under the FM's leadership can be expected to come out with concrete proposals very soon," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The huge oil bounty from the crude crash can be used for this, he said adding that PM's appeal is a curtain-raiser for the concrete actions to follow soon. World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic, analysts said, adding that concerns over the rapid spread of the virus remained. Bourses in Shanghai, Hong Kong, Seoul jumped up to 4 per cent, while Tokyo was in the red. Stock exchanges on Wall Street too ended on a positive note. Meanwhile, the rupee too appreciated 37 paise to 74.74 against US dollar in the morning session. Global oil benchmark, Brent crude futures rose over 2.04 per cent to $29.05 per barrel.

Sensex starts over 500 points higher, Nifty above 8,200 level

Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global markets as governments across the world took drastic measures to combat the economic blowback of Covid-19.

Domestic sentiment turned positive on hopes of a stimulus package after Prime Minister Narendra Modi announced a financial task force to support sectors battered by the pandemic, experts said.

After starting on a volatile note and swinging over 2,485 points, the BSE barometer ended 1,627.73 points or 5.75 per cent higher at 29,915.96. It hit a high of 30,418.20 and a low of 27,932.67.

Similarly, the NSE Nifty zoomed 482 points, or 5.83 per cent, to close at 8,745.45. During the week, Sensex plummeted 4,187.52 points or 12.27 per cent, while Nifty sank 1,209.75 points or 12.15 per cent.

ONGC was the top gainer in the Sensex pack on Friday, rallying 18.58 per cent, followed by UltraTech Cement (13.01 per cent), HUL (11.75 per cent), RIL (11.24 per cent), TCS (9.90 per cent), Tata Steel (9.60 per cent) and Asian Paints (8.91 per cent). 
&nbsp; 
Only HDFC Bank and IndusInd Bank settled in the red, shedding up to 1.39 per cent. 
&nbsp; 
Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "shortly" after analysing the coronavirus pandemic situation. 
&nbsp; 
Experts were of the view that the Covid-19 task force may come out with concrete proposals very soon. 
&nbsp; 
The huge oil bounty from the crude crash can be used for this, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, adding that PM's appeal is a curtain-raiser for the concrete actions to follow soon. 
&nbsp; 
Covid-19 cases in India rose to 195 on Friday after 22 fresh cases were reported from various parts of the country, according to the Health Ministry. 
&nbsp; 
"Tracking positive sentiments in the global markets, Indian indices closed up by around 6 per cent. It was in sync with Asian and European markets and was more of a relief rally driven by technicals rather than any fundamental change in outlook. 
&nbsp; 
"Hopes of further stimulus from Central banks across the world to contain the economic damage boosted global markets. The broader market indices were also up by around 4 per cent." said Vinod Nair, Head of Research at Geojit Financial Services. 
&nbsp; 
All sectoral indices ended with gains, with BSE energy, oil and gas, IT, FMCG, teck, metals and utilities rallying up to 9.96 per cent. 
&nbsp; 
Broader BSE midcap and smallcap indices surged up to 4.18 per cent. World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic. 
&nbsp; 
Bourses in Shanghai, Hong Kong, Seoul closed up to 7 per cent higher.&nbsp;Stock exchanges in Europe too rallied up to 5 per cent.&nbsp;Meanwhile, the rupee appreciated 6 paise to 74.72 against US dollar intra-day. 
&nbsp; 
Global oil benchmark, Brent crude futures rose over 8.18 per cent to USD?30.80?per barrel.&nbsp;Globally, the death toll from the virus has risen to almost 10,000 with more than 2,32,000 cases in 158 countries and territories.

Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global markets as governments across the world took drastic measures to combat the economic blowback of Covid-19.

Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global markets as governments across the world took drastic measures to combat the economic blowback of Covid-19. Domestic sentiment turned positive on hopes of a stimulus package after Prime Minister Narendra Modi announced a financial task force to support sectors battered by the pandemic, experts said. After starting on a volatile note and swinging over 2,485 points, the BSE barometer ended 1,627.73 points or 5.75 per cent higher at 29,915.96. It hit a high of 30,418.20 and a low of 27,932.67. Similarly, the NSE Nifty zoomed 482 points, or 5.83 per cent, to close at 8,745.45. During the week, Sensex plummeted 4,187.52 points or 12.27 per cent, while Nifty sank 1,209.75 points or 12.15 per cent. ONGC was the top gainer in the Sensex pack on Friday, rallying 18.58 per cent, followed by UltraTech Cement (13.01 per cent), HUL (11.75 per cent), RIL (11.24 per cent), TCS (9.90 per cent), Tata Steel (9.60 per cent) and Asian Paints (8.91 per cent). Only HDFC Bank and IndusInd Bank settled in the red, shedding up to 1.39 per cent. Modi on Thursday announced setting up of a task force under Finance Minister Nirmala Sitharaman which will take necessary actions "shortly" after analysing the coronavirus pandemic situation. Experts were of the view that the Covid-19 task force may come out with concrete proposals very soon. The huge oil bounty from the crude crash can be used for this, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, adding that PM's appeal is a curtain-raiser for the concrete actions to follow soon. Covid-19 cases in India rose to 195 on Friday after 22 fresh cases were reported from various parts of the country, according to the Health Ministry. "Tracking positive sentiments in the global markets, Indian indices closed up by around 6 per cent. It was in sync with Asian and European markets and was more of a relief rally driven by technicals rather than any fundamental change in outlook. "Hopes of further stimulus from Central banks across the world to contain the economic damage boosted global markets. The broader market indices were also up by around 4 per cent." said Vinod Nair, Head of Research at Geojit Financial Services. All sectoral indices ended with gains, with BSE energy, oil and gas, IT, FMCG, teck, metals and utilities rallying up to 9.96 per cent. Broader BSE midcap and smallcap indices surged up to 4.18 per cent. World over, market sentiments improved as governments stepped up measures to cushion the financial blow of the pandemic. Bourses in Shanghai, Hong Kong, Seoul closed up to 7 per cent higher. Stock exchanges in Europe too rallied up to 5 per cent. Meanwhile, the rupee appreciated 6 paise to 74.72 against US dollar intra-day. Global oil benchmark, Brent crude futures rose over 8.18 per cent to USD?30.80?per barrel. Globally, the death toll from the virus has risen to almost 10,000 with more than 2,32,000 cases in 158 countries and territories.

Relief rally: Markets snap 4-day bloodbath on stimulus hopes

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