Indian stocks fell for a third straight session on Tuesday as concerns over the coronavirus outbreak hit risk sentiment, while US President Donald Trump's two-day visit did little to cheer investors.

Indian stocks fell for a third straight session on Tuesday as concerns over the coronavirus outbreak hit risk sentiment, while US President Donald Trump's two-day visit did little to cheer investors. The blue-chip Nifty ended 0.27 per cent lower at 11,797.90, while the Sensex shed 0.2 per cent end at 40,281.20. Also Read: Global stocks head for worst week in four as coronavirus spreads The Nifty index tumbled 2.1 per cent and the Sensex plunged nearly 2 per cent on Monday, in a global market selloff sparked by fears of a greater impact on economic growth from the rapid spread of the coronavirus outside China. "Markets are quite shy of the near term and (worried about) what havoc coronavirus can play in terms of supply chain and global growth," said Saurabh Jain, assistant vice president research, SMC Global Securities. Also Read: Coronavirus outbreak: Chinese stock market suffers setback of $393 billion There was nothing much for the markets beyond the defence deals from Trump's visit, Jain added. India and the United States were making progress on trade, energy and military deals, U.S. President Donald Trump said on Tuesday. Tata Consultancy Services Ltd was the biggest gainers on the Nifty, rising 1.93 per cent, while Dr.Reddy's Laboratories Ltd was the major laggard, falling 2.81 per cent. The Nifty is off 5.1 per cent from its lifetime high hit on January 20, weighed down by the coronavirus outbreak and a lacklustre union budget.

Markets end lower for third session on coronavirus worries

The broader NSE Nifty was up 0.37% at11,631.1 as of 0434 GMT, while the benchmark BSE Sensex was 0.41% higher at 39,056.99.

Broader Asian shares also rose as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy.

Investors in Indian equities appeared unfazed by trade data released on Monday that showed weakening consumption in Asia’s third-largest economy, with June imports falling to their lowest level in four months.

“The market has already factored in significant bearishness and is looking ahead at additional rate cuts and monetary policy mechanisms by the central bank, and an improving economy by the end of the year,” said Sunil Sharma, chief investment officer, Sanctum Wealth Management in Mumbai.

The rupee was largely unchanged at 68.55 against the dollar amid a pullback in oil prices, while the 10-year benchmark government bond yield slipped to 6.3996% from the last close of 6.4327%.

Tata Motors Ltd, miner Vedanta Ltd and Oil and Natural Gas Corp were among the top gainers in the NSE index, climbing around 2% each.

Tata Steel Ltd rose 1.7% while power producer NTPC Ltd advanced 1.5%.

Crisis-hit shadow bank Dewan Housing Finance Corporation Ltd (DHFL), which had fallen as much as 8.3%, reversed course to trade around 5% higher.&nbsp;

DHFL’s rival Indiabulls Housing Finance Ltd also swung around to trade marginally higher.&nbsp;

Meanwhile, Ashok Leyland Ltd fell as much as 3.8% to a near four-week low after the automaker said it would close its Pantnagar plant for nine days due to weak demand and outlook for the industry.

Business sentiment in India in June was dragged to its lowest level since 2016 due to slowing economic growth, water shortage and regulatory hurdles, according to a survey by market research firm IHS Markit.

IT giant Tata Consultancy Services Ltd, down 2%, was the biggest drag on the indexes. Nifty IT index was down 0.8%.&nbsp;

The broader NSE Nifty was up 0.37% at11,631.1 as of 0434 GMT, while the benchmark BSE Sensex was 0.41% higher at 39,056.99. Broader Asian shares also rose as investors awaited U.

The broader NSE Nifty was up 0.37% at11,631.1 as of 0434 GMT, while the benchmark BSE Sensex was 0.41% higher at 39,056.99. Broader Asian shares also rose as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy. Investors in Indian equities appeared unfazed by trade data released on Monday that showed weakening consumption in Asia’s third-largest economy, with June imports falling to their lowest level in four months. “The market has already factored in significant bearishness and is looking ahead at additional rate cuts and monetary policy mechanisms by the central bank, and an improving economy by the end of the year,” said Sunil Sharma, chief investment officer, Sanctum Wealth Management in Mumbai. The rupee was largely unchanged at 68.55 against the dollar amid a pullback in oil prices, while the 10-year benchmark government bond yield slipped to 6.3996% from the last close of 6.4327%. Tata Motors Ltd, miner Vedanta Ltd and Oil and Natural Gas Corp were among the top gainers in the NSE index, climbing around 2% each. Tata Steel Ltd rose 1.7% while power producer NTPC Ltd advanced 1.5%. Crisis-hit shadow bank Dewan Housing Finance Corporation Ltd (DHFL), which had fallen as much as 8.3%, reversed course to trade around 5% higher. DHFL’s rival Indiabulls Housing Finance Ltd also swung around to trade marginally higher. Meanwhile, Ashok Leyland Ltd fell as much as 3.8% to a near four-week low after the automaker said it would close its Pantnagar plant for nine days due to weak demand and outlook for the industry. Business sentiment in India in June was dragged to its lowest level since 2016 due to slowing economic growth, water shortage and regulatory hurdles, according to a survey by market research firm IHS Markit. IT giant Tata Consultancy Services Ltd, down 2%, was the biggest drag on the indexes. Nifty IT index was down 0.8%.

Nifty, Sensex edge higher; auto, material stocks lead

Domestic equities continued their bull run Monday with the BSE Sensex rising over 300 points and the Nifty reclaiming the 11,500 mark amid unabated foreign fund inflows and narrowing country's trade deficit.

Besides, positive cues from other Asian markets too bolstered trading sentiment here, traders said.

The 30-share Sensex spurted 326.06 points, or 0.80 per cent, to 38,350.38 in early trade. The gauge had rallied 1,352.89 points in the previous five sessions.

The broad-based NSE Nifty to rallied 82.15 points, or 0.72 per cent, to 11,509.

Major gainers that supported the rally were PowerGrid, Kotak Bank, HDFC Bank, Reliance Industries, Axis Bank, Bharti Airtel, Asian Paint, M&amp;M, IndusInd Bank, Bajaj Finance, Asian Paint, Yes Bank, ICICI Bank, HDFC, ITC, Tata Steel, SBI, ONGC and Bajaj Auto, rising up to 2.57 per cent.

Shares of Maruti, on the other hand, were the biggest losers, cracking up to 3.42 per cent.

Barring auto and healthcare, all the sectoral indices on BSE, led by oil and gas, PSU, realty, power, bankex, IT and FMCG, were trading in the green. 
According to experts, narrowing trade deficit and sustained foreign fund inflows buoyed investor sentiment.

The marginal 2.44 per cent increase in exports, as well as lower imports of gold and petroleum products in February significantly, narrowed the country's trade deficit to USD 9.6 billion, data released by the commerce ministry Friday showed.

India's merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics.

On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 4,323.49 crore on Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 2,130.36 crore, provisional data available with BSE showed.

A firm trend in other Asian markets and overnight gains on Wall Street also boosted trading sentiments here.

Japan's Nikkei was up 0.67 per cent, Shanghai Composite Index gained 1.27 per cent and Hong Kong's Hang Seng was up 0.74 per cent in their late morning deals.

On Wall Street, the US Dow Jones Industrial Average ended 0.54 per cent higher in Friday's trade.

Domestic equities continued their bull run Monday with the BSE Sensex rising over 300 points and the Nifty reclaiming the 11,500 mark amid unabated foreign fund inflows and narrowing country's trade deficit.

Domestic equities continued their bull run Monday with the BSE Sensex rising over 300 points and the Nifty reclaiming the 11,500 mark amid unabated foreign fund inflows and narrowing country's trade deficit. Besides, positive cues from other Asian markets too bolstered trading sentiment here, traders said. The 30-share Sensex spurted 326.06 points, or 0.80 per cent, to 38,350.38 in early trade. The gauge had rallied 1,352.89 points in the previous five sessions. The broad-based NSE Nifty to rallied 82.15 points, or 0.72 per cent, to 11,509. Major gainers that supported the rally were PowerGrid, Kotak Bank, HDFC Bank, Reliance Industries, Axis Bank, Bharti Airtel, Asian Paint, M&M, IndusInd Bank, Bajaj Finance, Asian Paint, Yes Bank, ICICI Bank, HDFC, ITC, Tata Steel, SBI, ONGC and Bajaj Auto, rising up to 2.57 per cent. Shares of Maruti, on the other hand, were the biggest losers, cracking up to 3.42 per cent. Barring auto and healthcare, all the sectoral indices on BSE, led by oil and gas, PSU, realty, power, bankex, IT and FMCG, were trading in the green. According to experts, narrowing trade deficit and sustained foreign fund inflows buoyed investor sentiment. The marginal 2.44 per cent increase in exports, as well as lower imports of gold and petroleum products in February significantly, narrowed the country's trade deficit to USD 9.6 billion, data released by the commerce ministry Friday showed. India's merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics. On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 4,323.49 crore on Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 2,130.36 crore, provisional data available with BSE showed. A firm trend in other Asian markets and overnight gains on Wall Street also boosted trading sentiments here. Japan's Nikkei was up 0.67 per cent, Shanghai Composite Index gained 1.27 per cent and Hong Kong's Hang Seng was up 0.74 per cent in their late morning deals. On Wall Street, the US Dow Jones Industrial Average ended 0.54 per cent higher in Friday's trade.

Sensex rallies over 300 points, Nifty above 11,500 mark

The BSE benchmark Sensex rose over 150 points Thursday led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues.

The 30-share index was trading 141.80 points, or 0.38 per cent, higher at 37,893.97, while the 50-share NSE Nifty climbed 33.75 points, or 0.30 per cent, to 11,375.45.

In the previous session, the 30-share BSE index ended 216.51 points or 0.58 per cent, higher at 37,752.17. The broader NSE Nifty closed with gains of 40.50 points, or 0.36 per cent, at 11,341.70.

Top gainers in early trade include Yes Bank, Sun Pharma, Kotak Bank, HDFC twins, L&amp;T, Tata Steel, IndusInd Bank, Axis Bank and RIL, rising up to 2.50 per cent.

While, Hero MotoCorp, Tata Motors, Bajaj Auto, HUL, TCS, ITC and M&amp;M were among the top losers, falling up to 1.37 per cent.

According to Sahaj Agrawal of Kotak Securities, Nifty has given a strong breakout and is expected to remain strong going ahead. Broad-based participation is seen which supportive of the positive outlook of the market.

Domestic equities extended their gains to the fourth session as investors anticipate a better performance by the ruling NDA government in the upcoming general election, helping investors develop risk appetite, amid sustained foreign fund inflows, experts said.

On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 2,722.28 crore on Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,508.14 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng slipped 0.01 per cent, Shanghai Composite Index dropped 1.09 per cent, Kospi shed 0.16 per cent, while Japan's Nikkei was up 0.19 per cent in early trade.

On Wall Street, Dow Jones Industrial Average ended 0.58 per cent higher on Wednesday.

The rupee, meanwhile, fell 24 paise to 69.78 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks and rising crude oil prices.

The benchmark Brent crude futures rose 0.37 per cent to trade at USD 67.80 per barrel.

The BSE benchmark Sensex rose over 150 points Thursday led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues. The 30-share index was trading 141.

The BSE benchmark Sensex rose over 150 points Thursday led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues. The 30-share index was trading 141.80 points, or 0.38 per cent, higher at 37,893.97, while the 50-share NSE Nifty climbed 33.75 points, or 0.30 per cent, to 11,375.45. In the previous session, the 30-share BSE index ended 216.51 points or 0.58 per cent, higher at 37,752.17. The broader NSE Nifty closed with gains of 40.50 points, or 0.36 per cent, at 11,341.70. Top gainers in early trade include Yes Bank, Sun Pharma, Kotak Bank, HDFC twins, L&T, Tata Steel, IndusInd Bank, Axis Bank and RIL, rising up to 2.50 per cent. While, Hero MotoCorp, Tata Motors, Bajaj Auto, HUL, TCS, ITC and M&M were among the top losers, falling up to 1.37 per cent. According to Sahaj Agrawal of Kotak Securities, Nifty has given a strong breakout and is expected to remain strong going ahead. Broad-based participation is seen which supportive of the positive outlook of the market. Domestic equities extended their gains to the fourth session as investors anticipate a better performance by the ruling NDA government in the upcoming general election, helping investors develop risk appetite, amid sustained foreign fund inflows, experts said. On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 2,722.28 crore on Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,508.14 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng slipped 0.01 per cent, Shanghai Composite Index dropped 1.09 per cent, Kospi shed 0.16 per cent, while Japan's Nikkei was up 0.19 per cent in early trade. On Wall Street, Dow Jones Industrial Average ended 0.58 per cent higher on Wednesday. The rupee, meanwhile, fell 24 paise to 69.78 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks and rising crude oil prices. The benchmark Brent crude futures rose 0.37 per cent to trade at USD 67.80 per barrel.

Sensex jumps over 150 points; Nifty nears 11,400

Equity benchmark Sensex surged over 233 points 36,904 in early trade on Monday, which is seen by experts as a pre-poll rally following the announcement of 2019 general election dates.

Similarly, the NSE gauge Nifty rose over 75 points to scale past 11,110 level.

The BSE Sensex started off on a positive note at 36,741.57 and furthered its gains to trade at 36,904.81, rising 233.38 points, or 0.64 per cent, in early trade.

The broader Nifty opened at 11,068.75 and extended its rise to 11,110.95, gaining 75.55 points, or 0.68 per cent.

Experts said that prevailing geopolitical concerns in the wake of recent India-Pakistan military conflicts will be a key factor in the upcoming general elections that may help incumbent NDA government at the Centre.

With the Election Commission of India (EC) announcing dates for the much-awaited 2019 general elections, market analysts say a pre-poll rally is likely to continue, citing historical data which suggests a positive trend in the stock market in case the incumbent returns to power.

Last week, the 30-share Sensex settled 53.99 points, or 0.15 per cent, lower at 36,671.43, while the broader NSE Nifty slipped 22.80 points, or 0.21 per cent, to 11,035.40.

During the week, the Sensex gained 607.62 points or 1.68 per cent; and the Nifty advanced 171.9 points or 1.58 per cent.

Meanwhile, Asian bourses saw mixed trading activities following the subdued last week for global equities. Hong Kong and Japan posted gains, while South Korea stocks retreated. In contrast, Chinese stocks soared.

Besides election-related developments this week, the market will watch CPI, WPI data, analysts said.

Equity benchmark Sensex surged over 233 points 36,904 in early trade on Monday, which is seen by experts as a pre-poll rally following the announcement of 2019 general election dates.

Equity benchmark Sensex surged over 233 points 36,904 in early trade on Monday, which is seen by experts as a pre-poll rally following the announcement of 2019 general election dates. Similarly, the NSE gauge Nifty rose over 75 points to scale past 11,110 level. The BSE Sensex started off on a positive note at 36,741.57 and furthered its gains to trade at 36,904.81, rising 233.38 points, or 0.64 per cent, in early trade. The broader Nifty opened at 11,068.75 and extended its rise to 11,110.95, gaining 75.55 points, or 0.68 per cent. Experts said that prevailing geopolitical concerns in the wake of recent India-Pakistan military conflicts will be a key factor in the upcoming general elections that may help incumbent NDA government at the Centre. With the Election Commission of India (EC) announcing dates for the much-awaited 2019 general elections, market analysts say a pre-poll rally is likely to continue, citing historical data which suggests a positive trend in the stock market in case the incumbent returns to power. Last week, the 30-share Sensex settled 53.99 points, or 0.15 per cent, lower at 36,671.43, while the broader NSE Nifty slipped 22.80 points, or 0.21 per cent, to 11,035.40. During the week, the Sensex gained 607.62 points or 1.68 per cent; and the Nifty advanced 171.9 points or 1.58 per cent. Meanwhile, Asian bourses saw mixed trading activities following the subdued last week for global equities. Hong Kong and Japan posted gains, while South Korea stocks retreated. In contrast, Chinese stocks soared. Besides election-related developments this week, the market will watch CPI, WPI data, analysts said.

Sensex soars 233 points, Nifty above 11,100; Jet Airways, SBI shares jump

The benchmark BSE Sensex dropped 61 points and settled below the 35,000 marks Monday, tracking weak Asian stocks amid uncertainty around the China-US trade war, fall in rupee and unabated foreign fund outflows.

The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues.

However, fag-end buying helped to trim losses and the index closed at 34,950.92 with a fall of 60.73 points, or 0.17 per cent.

The gauge had rallied almost 580 points on Friday.

The broader NSE Nifty, after slipping below the 10,500-mark to hit a low of 10,477, finally concluded 29 points, or 0.27 per cent, down at 10,524.

The rupee depreciated 67 paise, to 73.12 (intra-day) against the dollar too had a negative influence.

The market was volatile in a narrow range due to weak global cues and selling pressure in pharma, FMCG and auto, analysts said.

"Rupee weakened on account of crunch in domestic liquidity while the gradual decline in yield may ease the concern. Investors' bit conservative in the holiday-shortened week due to uncertainty regarding US-China trade deal and Fed policy," they added.

Meanwhile, foreign institutional investors (FIIs) sold shares worth a net of Rs 196.90 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 852.99 crore.

The benchmark BSE Sensex dropped 61 points and settled below the 35,000 marks Monday, tracking weak Asian stocks amid uncertainty around the China-US trade war, fall in rupee and unabated foreign fund outflows.

The benchmark BSE Sensex dropped 61 points and settled below the 35,000 marks Monday, tracking weak Asian stocks amid uncertainty around the China-US trade war, fall in rupee and unabated foreign fund outflows. The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues. However, fag-end buying helped to trim losses and the index closed at 34,950.92 with a fall of 60.73 points, or 0.17 per cent. The gauge had rallied almost 580 points on Friday. The broader NSE Nifty, after slipping below the 10,500-mark to hit a low of 10,477, finally concluded 29 points, or 0.27 per cent, down at 10,524. The rupee depreciated 67 paise, to 73.12 (intra-day) against the dollar too had a negative influence. The market was volatile in a narrow range due to weak global cues and selling pressure in pharma, FMCG and auto, analysts said. "Rupee weakened on account of crunch in domestic liquidity while the gradual decline in yield may ease the concern. Investors' bit conservative in the holiday-shortened week due to uncertainty regarding US-China trade deal and Fed policy," they added. Meanwhile, foreign institutional investors (FIIs) sold shares worth a net of Rs 196.90 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 852.99 crore.

Sensex drops 61 points on negative global cues, weak rupee

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

sensex-32

Sensex 32, News on Sensex 32, stories on Sensex 32, articles on Sensex 32, Sensex 32 stories at Wion, Sensex 32 news, Sensex 32 latest news

sensex 32