Equity benchmark Sensex rose over 167 points on Tuesday led by gains in Bharti Airtel, HDFC and ITC amid positive cues from other Asian markets.

After rallying over 700 points in a volatile session, the 30-share index finished 167.19 points or 0.56 per cent higher at 30,196.17.

Similarly, the NSE Nifty advanced 55.85 points or 0.63 per cent to end at 8,879.10.

Bharti Airtel was the top gainer in the Sensex pack, rallying around 11 per cent, followed by ONGC, UltraTech Cement, ITC, PowerGrid and NTPC.

On the other hand, IndusInd Bank, Reliance Industries, L&amp;T and SBI were among the laggards.

Analysts said the average revenue per user (ARPU) increase speaks of Bharti Airtel's ability to command a price premium in the market, given that competition in the mid/high-end subscriber base has now moved to network quality.

According to traders, hopes of a vaccine for COVID-19 enthused global investor sentiment.

In a significant development towards developing a vaccine for the coronavirus, an American biotechnology company Moderna has said its initial vaccine tests in people have shown promising results and can stimulate an immune response against the virus.

However, the rising number of cases in the country kept market participants on edge, traders said.

The number of COVID-19 cases in India spiked to 1,01,139, while the death toll rose to 3,163, according to the health ministry.

Globally, the number of cases linked to the disease has crossed 48 lakh and the death toll has topped 3.18 lakh.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul settled with strong gains.

Stock exchanges in Europe were trading on a negative note in early deals.

International oil benchmark Brent crude futures were trading 0.63 per cent lower at USD 34.59 per barrel.

On the currency front, the rupee appreciated 25 paise to provisionally settle at 75.66 against the US dollar.

Equity benchmark Sensex rose over 167 points on Tuesday led by gains in Bharti Airtel, HDFC and ITC amid positive cues from other Asian markets. After rallying over 700 points in a volatile session, the 30-share index finished 167.

Equity benchmark Sensex rose over 167 points on Tuesday led by gains in Bharti Airtel, HDFC and ITC amid positive cues from other Asian markets. After rallying over 700 points in a volatile session, the 30-share index finished 167.19 points or 0.56 per cent higher at 30,196.17. Similarly, the NSE Nifty advanced 55.85 points or 0.63 per cent to end at 8,879.10. Bharti Airtel was the top gainer in the Sensex pack, rallying around 11 per cent, followed by ONGC, UltraTech Cement, ITC, PowerGrid and NTPC. On the other hand, IndusInd Bank, Reliance Industries, L&T and SBI were among the laggards. Analysts said the average revenue per user (ARPU) increase speaks of Bharti Airtel's ability to command a price premium in the market, given that competition in the mid/high-end subscriber base has now moved to network quality. According to traders, hopes of a vaccine for COVID-19 enthused global investor sentiment. In a significant development towards developing a vaccine for the coronavirus, an American biotechnology company Moderna has said its initial vaccine tests in people have shown promising results and can stimulate an immune response against the virus. However, the rising number of cases in the country kept market participants on edge, traders said. The number of COVID-19 cases in India spiked to 1,01,139, while the death toll rose to 3,163, according to the health ministry. Globally, the number of cases linked to the disease has crossed 48 lakh and the death toll has topped 3.18 lakh. Bourses in Shanghai, Hong Kong, Tokyo and Seoul settled with strong gains. Stock exchanges in Europe were trading on a negative note in early deals. International oil benchmark Brent crude futures were trading 0.63 per cent lower at USD 34.59 per barrel. On the currency front, the rupee appreciated 25 paise to provisionally settle at 75.66 against the US dollar.

Sensex rises 167 points, Nifty goes up by 55 points

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 markets declined over 1 per cent on Friday, pulled down by auto and bank stocks, amid mixed global cues.

The 30-share Sensex slipped below 31,000-mark, to trade at 30,947, down 175 points or 0.53 per cent. While broader Nifty 50 index breached the crucial 91,00-mark and was ruling at 9,088 with a loss of 54 points or 0.59 per cent.&nbsp;

Out of 30 Sensex stocks that constitute BSE Sensex, 20 scrips were trading in negative territory. M&amp;M was the top Sensex loser down 3.27 per cent, followed by Maruti, Hero MotoCorp and Bajaj Finance.

Indian markets declined over 1 per cent on Friday, pulled down by auto and bank stocks, amid mixed global cues. The 30-share Sensex slipped below 31,000-mark, to trade at 30,947, down 175 points or 0.

Indian markets declined over 1 per cent on Friday, pulled down by auto and bank stocks, amid mixed global cues. The 30-share Sensex slipped below 31,000-mark, to trade at 30,947, down 175 points or 0.53 per cent. While broader Nifty 50 index breached the crucial 91,00-mark and was ruling at 9,088 with a loss of 54 points or 0.59 per cent. Out of 30 Sensex stocks that constitute BSE Sensex, 20 scrips were trading in negative territory. M&M was the top Sensex loser down 3.27 per cent, followed by Maruti, Hero MotoCorp and Bajaj Finance.

Sensex slips below 31,000, down over 300 points, Nifty trades below 9,100

Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 2.5 per cent lower on Thursday mainly dragged by financials and IT stocks.

At the close, the S&amp;P BSE Sensex stood at 31,123, down 886 points or 2.8 per cent while Nifty ended at 9,143, down 241 points or 2.57 per cent.&nbsp;

Global markets

World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away.

The head of the Federal Reserve quashed talk of U.S. interest rates going negative to kickstart investment and new outbreaks of the virus in South Korea and China and some dour assessments of the global economy aroused concern too.

Asian markets had followed Wall Street lower overnight with MSCI's broadest index of Asia-Pacific shares finishing down 1.3% and Japan's heavyweight Nikkei closing 1.75% lower.

(With Reuters inputs)

Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 2.5 per cent lower on Thursday mainly dragged by financials and IT stocks. At the close, the S&P BSE Sensex stood at 31,123, down 886 points or 2.

Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 2.5 per cent lower on Thursday mainly dragged by financials and IT stocks. At the close, the S&P BSE Sensex stood at 31,123, down 886 points or 2.8 per cent while Nifty ended at 9,143, down 241 points or 2.57 per cent. Global markets World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away. The head of the Federal Reserve quashed talk of U.S. interest rates going negative to kickstart investment and new outbreaks of the virus in South Korea and China and some dour assessments of the global economy aroused concern too. Asian markets had followed Wall Street lower overnight with MSCI's broadest index of Asia-Pacific shares finishing down 1.3% and Japan's heavyweight Nikkei closing 1.75% lower. (With Reuters inputs)

Sensex ends 886 points lower, Nifty settles below 9,150

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 Nifty 50 index ended with over 2 per cent gains on Wednesday.

The S&amp;P BSE Sensex rallied 637 points or 2 per cent to settle at 32,009. of 30 constituents of the index, 26 ended in the green and rest four in the red. Axis Bank (up 7 per cent) ended as the biggest gainer on the index while Nestle India (down over 5 per cent) emerged as the top loser.

NSE's Nifty advanced 187 points or 2 per cent to 9,383.55 levels.

Sectorally, banking stocks rallied the most. The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635.&nbsp;

Pharma stocks, on the other hand, ended in the red. Nifty Pharma slipped over 1 per cent to 9,148.&nbsp;

Indian stock market benchmarks BSE Sensex and Nifty 50 index ended with over 2 per cent gains on Wednesday. The S&P BSE Sensex rallied 637 points or 2 per cent to settle at 32,009.

Indian stock market benchmarks BSE Sensex and Nifty 50 index ended with over 2 per cent gains on Wednesday. The S&P BSE Sensex rallied 637 points or 2 per cent to settle at 32,009. of 30 constituents of the index, 26 ended in the green and rest four in the red. Axis Bank (up 7 per cent) ended as the biggest gainer on the index while Nestle India (down over 5 per cent) emerged as the top loser. NSE's Nifty advanced 187 points or 2 per cent to 9,383.55 levels. Sectorally, banking stocks rallied the most. The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635. Pharma stocks, on the other hand, ended in the red. Nifty Pharma slipped over 1 per cent to 9,148.

Sensex ends above 32,000, Nifty settles near 9,400

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 market plunged on Monday with the BSE Sensex falling over 2,000 points, tracking a similar trend in the Asian markets.

<a href="https://www.wionews.com/business-economy/global-markets-stocks-fall-as-us-china-tensions-threaten-rebound-296550">Global Markets: Stocks fall as US-China tensions threaten rebound</a> 
 
The S&amp;P BSE Sensex tumbled 2,002 points or 5.94 per cent to 31,715 levels and the Nifty50 index ended at 9,293.50, down 566.40 points or 5.74 per cent.&nbsp;

It had opened at 32,748.14 and has so far touched a high of 32,748.14.

The rupee ended weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar.

On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake.

Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%.

Auto stocks also plunged nearly 12 per cent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time in April after the nationwide lockdown halted output and shut sales network.

Global markets

European stock markets and oil prices fell on Monday as a spat between top US officials and China over the origin of the coronavirus fuelled fears of a new trade war, derailing a rebound in global markets. European shares opened down 2.5 per cent with US stock futures trading close to 1 per cent in the red.

(With inputs from agencies)

The domestic stock market plunged on Monday with the BSE Sensex falling over 2,000 points, tracking a similar trend in the Asian markets. Global Markets: Stocks fall as US-China tensions threaten rebound The S&P BSE Sensex tumbled 2,002 points or 5.

The domestic stock market plunged on Monday with the BSE Sensex falling over 2,000 points, tracking a similar trend in the Asian markets. Global Markets: Stocks fall as US-China tensions threaten rebound The S&P BSE Sensex tumbled 2,002 points or 5.94 per cent to 31,715 levels and the Nifty50 index ended at 9,293.50, down 566.40 points or 5.74 per cent. It had opened at 32,748.14 and has so far touched a high of 32,748.14. The rupee ended weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar. On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake. Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%. Auto stocks also plunged nearly 12 per cent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time in April after the nationwide lockdown halted output and shut sales network. Global markets European stock markets and oil prices fell on Monday as a spat between top US officials and China over the origin of the coronavirus fuelled fears of a new trade war, derailing a rebound in global markets. European shares opened down 2.5 per cent with US stock futures trading close to 1 per cent in the red. (With inputs from agencies)

Sensex tumbles 2,002 points, Nifty ends at 9,293; financials, auto stocks worst-hit

The domestic stock market plunged on Monday with the BSE Sensex falling over 1,900 points, tracking a similar trend in the Asian markets.

At 2:21 pm, the Sensex was at 31,796.08, lower by 1,921.54 points or 5.70 per cent from the previous close of 33,717.62.

It had opened at 32,748.14 and has so far touched a high of 32,748.14 and a low of 31,796.08.

The Nifty50 on the National Stock Exchange was at 9,319.20, lower by 540.70 points from the previous close.

Rupee ends weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar.

On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake.

Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%. 
 
(With inputs from agencies)

The domestic stock market plunged on Monday with the BSE Sensex falling over 1,900 points, tracking a similar trend in the Asian markets. At 2:21 pm, the Sensex was at 31,796.

The domestic stock market plunged on Monday with the BSE Sensex falling over 1,900 points, tracking a similar trend in the Asian markets. At 2:21 pm, the Sensex was at 31,796.08, lower by 1,921.54 points or 5.70 per cent from the previous close of 33,717.62. It had opened at 32,748.14 and has so far touched a high of 32,748.14 and a low of 31,796.08. The Nifty50 on the National Stock Exchange was at 9,319.20, lower by 540.70 points from the previous close. Rupee ends weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar. On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake. Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%. (With inputs from agencies)

Sensex nosedives 1,900 points, Nifty below 9,350; financials, auto stocks worst-hit

Domestic stock markets ended in the green for the third day in a row and the Nifty went past 9,500-mark for the first time since 16 March.

Sensex surged 605.64 points or 1.89 per cent to 32,720.16 while the Nifty was up 155.25 points or 1.65 per cent at 9,536.15 at the close.&nbsp;

Moody’s Investors Service on Tuesday slashed India’s growth forecast to 0.2 per cent for the 2020 calendar year from the earlier projection of 2.5 per cent released in March. Stating that the economic costs of the shutdown of the global economy are accumulating rapidly, Moody’s in its Global Macro Outlook 2020-21 (April 2020 Update) projected that all G-20 advanced economies would contract by 5.8 per cent in 2020.

The Indian rupee settled stronger at 75.67 per dollar as compared to Tuesday's closing of 76.18 against the US dollar.

Domestic stock markets ended in the green for the third day in a row and the Nifty went past 9,500-mark for the first time since 16 March. Sensex surged 605.64 points or 1.

Domestic stock markets ended in the green for the third day in a row and the Nifty went past 9,500-mark for the first time since 16 March. Sensex surged 605.64 points or 1.89 per cent to 32,720.16 while the Nifty was up 155.25 points or 1.65 per cent at 9,536.15 at the close. Moody’s Investors Service on Tuesday slashed India’s growth forecast to 0.2 per cent for the 2020 calendar year from the earlier projection of 2.5 per cent released in March. Stating that the economic costs of the shutdown of the global economy are accumulating rapidly, Moody’s in its Global Macro Outlook 2020-21 (April 2020 Update) projected that all G-20 advanced economies would contract by 5.8 per cent in 2020. The Indian rupee settled stronger at 75.67 per dollar as compared to Tuesday's closing of 76.18 against the US dollar.

Sensex ends 605 points higher, Nifty at 9,553

The domestic stock markets surged on Monday, with a major contribution from financial stocks after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.&nbsp;

The S&amp;P BSE Sensex jumped 515 points, or over 1.6 per cent, to 31,840 levels and the Nifty50 index surpassed 9,300 levels. All the Nifty sectoral indices were in the green, led by Nifty Bank index, up 3 per cent.

Asian stock markets gained after Japan's central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses. Tokyo's benchmark surged 2.8 per cent and Shanghai, Hong Kong and Sydney also gained.

Meanwhile, The Reserve Bank of India on Monday announced a special liquidity facility of Rs 50,000 crores for mutual funds in the wake of the winding up of six debt funds by Franklin Templeton.

(With inputs from agencies)

The domestic stock markets surged on Monday, with a major contribution from financial stocks after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.

The domestic stock markets surged on Monday, with a major contribution from financial stocks after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore. The S&P BSE Sensex jumped 515 points, or over 1.6 per cent, to 31,840 levels and the Nifty50 index surpassed 9,300 levels. All the Nifty sectoral indices were in the green, led by Nifty Bank index, up 3 per cent. Asian stock markets gained after Japan's central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses. Tokyo's benchmark surged 2.8 per cent and Shanghai, Hong Kong and Sydney also gained. Meanwhile, The Reserve Bank of India on Monday announced a special liquidity facility of Rs 50,000 crores for mutual funds in the wake of the winding up of six debt funds by Franklin Templeton. (With inputs from agencies)

Sensex ends 415 points higher after RBI announces liquidity facility for mutual funds

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

The domestic stock market indices plunged nearly 3% on Tuesday tracking weakness in global markets.

At 12:30 pm, BSE Sensex index was down 1,088.21 points, or 3.44%, at 30,559.79 levels. The Nifty50 index was down by 298.85 points at 8,963.00 levels.&nbsp;

In Mumbai trading, oil-to-retail conglomerate Reliance Industries Ltd was the biggest drag on the indexes, falling as much as 4.3%.

Infosys Ltd slid 3.9% after the No. 2 software exporter suspended its revenue guidance for full-year 2021 as the pandemic froze client activity in the United States and Europe.

The Nifty Bank Index plunged 4.6%, its most since April 3, with private-sector lender ICICI Bank Ltd down for a second straight day, tumbling 6.7%.

Aluminium producer Hindalco Industries Ltd was the top loser on the Nifty 50, falling as much as 9.2%.

Drugmaker Morepen Laboratories Ltd surged 10% after the company got a license to manufacture malaria drug hydroxychloroquine, seen as a treatment for COVID-19, the illness caused by the coronavirus.

The Nifty Pharma Index was up 3.1%.

(With inputs from Reuters)

The domestic stock market indices plunged nearly 3% on Tuesday tracking weakness in global markets. At 12:30 pm, BSE Sensex index was down 1,088.21 points, or 3.

The domestic stock market indices plunged nearly 3% on Tuesday tracking weakness in global markets. At 12:30 pm, BSE Sensex index was down 1,088.21 points, or 3.44%, at 30,559.79 levels. The Nifty50 index was down by 298.85 points at 8,963.00 levels. In Mumbai trading, oil-to-retail conglomerate Reliance Industries Ltd was the biggest drag on the indexes, falling as much as 4.3%. Infosys Ltd slid 3.9% after the No. 2 software exporter suspended its revenue guidance for full-year 2021 as the pandemic froze client activity in the United States and Europe. The Nifty Bank Index plunged 4.6%, its most since April 3, with private-sector lender ICICI Bank Ltd down for a second straight day, tumbling 6.7%. Aluminium producer Hindalco Industries Ltd was the top loser on the Nifty 50, falling as much as 9.2%. Drugmaker Morepen Laboratories Ltd surged 10% after the company got a license to manufacture malaria drug hydroxychloroquine, seen as a treatment for COVID-19, the illness caused by the coronavirus. The Nifty Pharma Index was up 3.1%. (With inputs from Reuters)

Stock markets tumble on oil market crash, Sensex down 1000 points

Domestic stock markets are trading with a positive bias on Monday led by gains primarily in HDFC Bank and Infosys.&nbsp;

At 2:30 PM, BSE Sensex index was up 303.21 points, or 0.96%, at 31,891.93 levels. The Nifty50 index jumped 68.40 points, higher at 9,335.15 levels. Nifty Bank index, up 5.5 per cent, was the top sectoral gainer.&nbsp;

European markets started the week on a flat note. Meanwhile, Asian indices turned red earlier today on weak oil prices that collapsed to more than two-decade lows on low demand data and storage facilities reaching their limits. Upcoming earnings reports and economic data also kept investors cautious.

Domestic stock markets are trading with a positive bias on Monday led by gains primarily in HDFC Bank and Infosys. At 2:30 PM, BSE Sensex index was up 303.21 points, or 0.

Domestic stock markets are trading with a positive bias on Monday led by gains primarily in HDFC Bank and Infosys. At 2:30 PM, BSE Sensex index was up 303.21 points, or 0.96%, at 31,891.93 levels. The Nifty50 index jumped 68.40 points, higher at 9,335.15 levels. Nifty Bank index, up 5.5 per cent, was the top sectoral gainer. European markets started the week on a flat note. Meanwhile, Asian indices turned red earlier today on weak oil prices that collapsed to more than two-decade lows on low demand data and storage facilities reaching their limits. Upcoming earnings reports and economic data also kept investors cautious.

Sensex, Nifty trades flat in a volatile trade

Domestic stock markets were trading in the green, in intra-day trade after Reserve Bank of India Governor Shaktikanta Das announced measures to ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic.

At 3 pm, Sensex was trading at 31,373.34, higher by 770.73 points or 2.52% from its previous close of 30,602.61 while NSE Nifty50 was trading at 9205.55, higher by 212.75 points or 2.37% from its previous close.

Meanwhile, The Indian rupee appreciated by 45 paise to 76.42 against the US dollar in intra-day trade as positive domestic equities and weakening of the American currency in the overseas also supported the rupee.

At the interbank foreign exchange, the rupee opened at 76.59, and then gained further ground and touched a high of 76.42 against the US dollar, registering a rise of 45 paise over its previous close.

Domestic stock markets were trading in the green, in intra-day trade after Reserve Bank of India Governor Shaktikanta Das announced measures to ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic.

Domestic stock markets were trading in the green, in intra-day trade after Reserve Bank of India Governor Shaktikanta Das announced measures to ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic. At 3 pm, Sensex was trading at 31,373.34, higher by 770.73 points or 2.52% from its previous close of 30,602.61 while NSE Nifty50 was trading at 9205.55, higher by 212.75 points or 2.37% from its previous close. Meanwhile, The Indian rupee appreciated by 45 paise to 76.42 against the US dollar in intra-day trade as positive domestic equities and weakening of the American currency in the overseas also supported the rupee. At the interbank foreign exchange, the rupee opened at 76.59, and then gained further ground and touched a high of 76.42 against the US dollar, registering a rise of 45 paise over its previous close.

Sensex soars over 700 points; Nifty above 9200

The domestic stock markets ticked lower on Monday amid weak global cues and the buzz of a lockdown extension beyond April 14.

S&amp;P BSE Sensex fell over 500 points after opening in the red, the 50-stock Nifty too followed the same path falling below the 9,000 mark.

Meanwhile, Oil prices rallied after top producers agreed to slash output and shore up coronavirus-ravaged energy markets, but some analysts were concerned the cuts did not go far enough.

US benchmark West Texas Intermediate was up 7.7 percent at $24.52 a barrel in Asian trade while Brent crude, the international benchmark, put on 5.0 percent to $33.08 a barrel.&nbsp;

OPEC producers dominated by Saudi Arabia and allies led by Russia met via videoconference for an hour Sunday in a last effort to cement a deal struck early Friday.&nbsp;

The domestic stock markets ticked lower on Monday amid weak global cues and the buzz of a lockdown extension beyond April 14. S&P BSE Sensex fell over 500 points after opening in the red, the 50-stock Nifty too followed the same path falling below the 9,000 mark.

The domestic stock markets ticked lower on Monday amid weak global cues and the buzz of a lockdown extension beyond April 14. S&P BSE Sensex fell over 500 points after opening in the red, the 50-stock Nifty too followed the same path falling below the 9,000 mark. Meanwhile, Oil prices rallied after top producers agreed to slash output and shore up coronavirus-ravaged energy markets, but some analysts were concerned the cuts did not go far enough. US benchmark West Texas Intermediate was up 7.7 percent at $24.52 a barrel in Asian trade while Brent crude, the international benchmark, put on 5.0 percent to $33.08 a barrel. OPEC producers dominated by Saudi Arabia and allies led by Russia met via videoconference for an hour Sunday in a last effort to cement a deal struck early Friday.

Sensex slips 500 points, Nifty below 9000

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

Interest-rate sensitive bank, realty and auto shares which had mostly rallied during morning trade on Friday closed on a mixed note even after the Reserve Bank of India cut benchmark interest rate by 75 basis points to deal with the hardship caused by COVID-19 outbreak.

Shares of Federal Bank closed 6.34 per cent higher, Axis Bank 4.98 per cent, ICICI Bank 2.44 per cent, State Bank of India 1.66 per cent and Kotak Mahindra Bank 0.64 per cent.

In contrast, IndusInd Bank settled 5.94 per cent lower, City Union Bank fell 3.86 per cent, RBL Bank 2.93 per cent, and HDFC Bank 0.91 per cent.

The BSE Bank index closed 0.96 per cent higher at 22,965.51.

The Reserve Bank of India (RBI) on Friday cut benchmark interest rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19.

The central bank also reduced the cash reserve ratio (CRR) of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year.

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services called the measures "A massive bazooka from the RBI in "mission mode".

He said it is a relief-cum-stimulus package with a big repo cut and even bigger reverse repo cut. This together with CRR cut will be a big stimulus for banks to lend. The combination of measures to boost liquidity, improve monetary transmission and relax repayment pressures will act with force multiplier in the economy.

Among realty companies, Sunteck Realty ended 9.93 per cent higher, Indiabulls Real Estate 4.89 per cent, Prestige Estates Projects 3.92 per cent and DLF 0.58 per cent, while Oberoi Realty dropped 5.66 per cent, Godrej Properties 3.78 per cent, Sobha 0.90 per cent and Omaxe fell 0.71 per cent.

The realty index dipped 0.78 per cent to close the trade at 1,427.65.

"Markets traded volatile and finally settled on a flat note, taking a breather after the recent recovery. The benchmark indices opened higher, however, gains soon fizzled out despite big and bold moves announced by the RBI to address liquidity needs and ensure financial stability," said Ajit Mishra, VP - Research, Religare Broking Ltd.

Among auto pack, shares of M&amp;M finished 2.83 per cent higher, Ashok Leyland 0.46 per cent, Apollo Tyres 0.49 per cent, while Hero MotoCorp dropped 8.04 per cent, TVS Motor Company 5.54 per cent, Maruti Suzuki India 4.81 per cent, Bajaj Auto 2.48 per cent and Tata Motors 0.21 per cent.

The auto index fell 2.35 per cent to close at 11,223.81.

"RBI has come out with lots of measures to ensure the stability of the financial system and inject liquidity in the market amid ongoing turmoil of pandemic,? said Amit Gupta, Co-Founder &amp; CEO, TradingBells.

He noted that it is a very good policy to cheer the market, but the problem is that the market has already rallied too much from lower levels ahead of policy and real trend decider for the market will be the trend in new cases of Covid-19 globally and locally.

Meanwhile, the domestic equity markets closed on a weak note with the benchmark Sensex falling 131.18 points to close at 29,815.59.

Interest-rate sensitive bank, realty and auto shares which had mostly rallied during morning trade on Friday closed on a mixed note even after the Reserve Bank of India cut benchmark interest rate by 75 basis points to deal with the hardship caused by COVID-19 outbreak.

Interest-rate sensitive bank, realty and auto shares which had mostly rallied during morning trade on Friday closed on a mixed note even after the Reserve Bank of India cut benchmark interest rate by 75 basis points to deal with the hardship caused by COVID-19 outbreak. Shares of Federal Bank closed 6.34 per cent higher, Axis Bank 4.98 per cent, ICICI Bank 2.44 per cent, State Bank of India 1.66 per cent and Kotak Mahindra Bank 0.64 per cent. In contrast, IndusInd Bank settled 5.94 per cent lower, City Union Bank fell 3.86 per cent, RBL Bank 2.93 per cent, and HDFC Bank 0.91 per cent. The BSE Bank index closed 0.96 per cent higher at 22,965.51. The Reserve Bank of India (RBI) on Friday cut benchmark interest rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19. The central bank also reduced the cash reserve ratio (CRR) of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services called the measures "A massive bazooka from the RBI in "mission mode". He said it is a relief-cum-stimulus package with a big repo cut and even bigger reverse repo cut. This together with CRR cut will be a big stimulus for banks to lend. The combination of measures to boost liquidity, improve monetary transmission and relax repayment pressures will act with force multiplier in the economy. Among realty companies, Sunteck Realty ended 9.93 per cent higher, Indiabulls Real Estate 4.89 per cent, Prestige Estates Projects 3.92 per cent and DLF 0.58 per cent, while Oberoi Realty dropped 5.66 per cent, Godrej Properties 3.78 per cent, Sobha 0.90 per cent and Omaxe fell 0.71 per cent. The realty index dipped 0.78 per cent to close the trade at 1,427.65. "Markets traded volatile and finally settled on a flat note, taking a breather after the recent recovery. The benchmark indices opened higher, however, gains soon fizzled out despite big and bold moves announced by the RBI to address liquidity needs and ensure financial stability," said Ajit Mishra, VP - Research, Religare Broking Ltd. Among auto pack, shares of M&M finished 2.83 per cent higher, Ashok Leyland 0.46 per cent, Apollo Tyres 0.49 per cent, while Hero MotoCorp dropped 8.04 per cent, TVS Motor Company 5.54 per cent, Maruti Suzuki India 4.81 per cent, Bajaj Auto 2.48 per cent and Tata Motors 0.21 per cent. The auto index fell 2.35 per cent to close at 11,223.81. "RBI has come out with lots of measures to ensure the stability of the financial system and inject liquidity in the market amid ongoing turmoil of pandemic,? said Amit Gupta, Co-Founder & CEO, TradingBells. He noted that it is a very good policy to cheer the market, but the problem is that the market has already rallied too much from lower levels ahead of policy and real trend decider for the market will be the trend in new cases of Covid-19 globally and locally. Meanwhile, the domestic equity markets closed on a weak note with the benchmark Sensex falling 131.18 points to close at 29,815.59.

Interest-rate sensitive bank, realty, auto shares end on mixed note after RBI measures

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.

 
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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

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