Benchmark indices of Indian stock markets are holding on their morning gains with Nifty trading above 11,950 level.

The Sensex is up 133.73 points or 0.33% at 40,546.30, and the Nifty up by 41.65 points or 0.35% at 11,951.80. About 1002 shares have advanced, 504 shares declined, and 98 shares are unchanged.&nbsp;

Meanwhile, the Indian rupee holding on its morning gains and trading higher by 17 paise at 70.67 per dollar.

However, ONGC, Bharti Infratel, HCL Technologies and HDFC were on a low swing.

Meanwhile, Asian stocks rose to the highest in a month after the US Federal Reserve signalled that interest rates are likely to remain accommodative.&nbsp;

But the upcoming election in Britain and a deadline for US-China trade talks kept most investors cautious.

The Fed kept interest rates unchanged at its policy meeting a day earlier.&nbsp;

That helped MSCI`s broadest index of Asia Pacific shares outside Japan climb by 0.8 per cent to the highest since November 11. Japan`s Nikkei stock index rose by 0.18 per cent.

Reports said US President Donald Trump is expected to meet soon with top advisers to discuss tariffs on nearly 160 billion dollars of Chinese consumer goods that are scheduled to take effect on December 15.

(With inputs from ANI)

Benchmark indices of Indian stock markets are holding on their morning gains with Nifty trading above 11,950 level. The Sensex is up 133.73 points or 0.33% at 40,546.

Benchmark indices of Indian stock markets are holding on their morning gains with Nifty trading above 11,950 level. The Sensex is up 133.73 points or 0.33% at 40,546.30, and the Nifty up by 41.65 points or 0.35% at 11,951.80. About 1002 shares have advanced, 504 shares declined, and 98 shares are unchanged. Meanwhile, the Indian rupee holding on its morning gains and trading higher by 17 paise at 70.67 per dollar. However, ONGC, Bharti Infratel, HCL Technologies and HDFC were on a low swing. Meanwhile, Asian stocks rose to the highest in a month after the US Federal Reserve signalled that interest rates are likely to remain accommodative. But the upcoming election in Britain and a deadline for US-China trade talks kept most investors cautious. The Fed kept interest rates unchanged at its policy meeting a day earlier. That helped MSCI`s broadest index of Asia Pacific shares outside Japan climb by 0.8 per cent to the highest since November 11. Japan`s Nikkei stock index rose by 0.18 per cent. Reports said US President Donald Trump is expected to meet soon with top advisers to discuss tariffs on nearly 160 billion dollars of Chinese consumer goods that are scheduled to take effect on December 15. (With inputs from ANI)

Sensex up 133 points, Nifty above 11,950

Equity benchmark indices mirrored global sentiment and extended gains after making a positive start on Thursday.

The Union Cabinet's nod to Insolvency and Bankruptcy Code amendment and the government's approval to a partial credit guarantee scheme for government-owned banks to purchase high-rated pooled assets from financially sound non-banking finance companies boosted the investor sentiment.

The BSE S&amp;P Sensex surged ahead by 169 points at 40,582 while the Nifty 50 ticked up by 62 points at 11,972.

All sectoral indices at the National Stock Exchange were in the positive terrain except for Nifty IT which dropped by over 1 per cent.

Among stocks, metal majors shined brightly with Vedanta gaining by 3.7 per cent, Tata Steel by 3 per cent, Hindalco by 2.3 per cent and JSW Steel by 2.2 per cent.

Automaker Tata Motors gained by 6.8 per cent to close at Rs 172.90 per share while Eicher Motors added gains of 1.9 per cent.

State Bank of India was up by 2.7 per cent and closed at Rs 321.45 per share while Yes Bank ended 5.8 per cent higher at Rs 45.35 apiece.

The private sector lender said its board failed to reach a final decision on potential investors at a meeting on Tuesday, though it favoured a 500 million dollar offer from Citax Holdings Ltd.

However, IT majors were in the red with Infosys slipping by 2.6 per cent, Tata Consultancy Services by 1.9 per cent, HCL Technologies by 1.4 per cent, Tech Mahindra by 0.6 per cent and Wipro by 0.2 per cent.

The other which lost were Hero MotoCorp, Vedanta, Hindalco and Bharti Airtel.

Meanwhile, Asian stocks rose to the highest in a month after the US Federal Reserve signalled that interest rates are likely to remain accommodative.

But the upcoming election in Britain and a deadline for US-China trade talks kept most investors cautious.

The Fed kept interest rates unchanged at its policy meeting a day earlier.

That helped Japan's Nikkei stock index to rise by 0.14 per cent, Hong Kong`s Hang Seng by 1.31 per cent and South Korea's Kospi by 1.51 per cent.

Reports said US President Donald Trump is expected to meet soon with top advisers to discuss tariffs on nearly 160 billion dollars of Chinese consumer goods that are scheduled to take effect on December 15. 
&nbsp;

Equity benchmark indices mirrored global sentiment and extended gains after making a positive start on Thursday. The Union Cabinet's nod to Insolvency and Bankruptcy Code amendment and the government's approval to a partial credit guarantee scheme for government-owned banks to purchase high-rated pooled assets from financially sound non-banking finance companies boosted the investor sentiment.

Equity benchmark indices mirrored global sentiment and extended gains after making a positive start on Thursday. The Union Cabinet's nod to Insolvency and Bankruptcy Code amendment and the government's approval to a partial credit guarantee scheme for government-owned banks to purchase high-rated pooled assets from financially sound non-banking finance companies boosted the investor sentiment. The BSE S&P Sensex surged ahead by 169 points at 40,582 while the Nifty 50 ticked up by 62 points at 11,972. All sectoral indices at the National Stock Exchange were in the positive terrain except for Nifty IT which dropped by over 1 per cent. Among stocks, metal majors shined brightly with Vedanta gaining by 3.7 per cent, Tata Steel by 3 per cent, Hindalco by 2.3 per cent and JSW Steel by 2.2 per cent. Automaker Tata Motors gained by 6.8 per cent to close at Rs 172.90 per share while Eicher Motors added gains of 1.9 per cent. State Bank of India was up by 2.7 per cent and closed at Rs 321.45 per share while Yes Bank ended 5.8 per cent higher at Rs 45.35 apiece. The private sector lender said its board failed to reach a final decision on potential investors at a meeting on Tuesday, though it favoured a 500 million dollar offer from Citax Holdings Ltd. However, IT majors were in the red with Infosys slipping by 2.6 per cent, Tata Consultancy Services by 1.9 per cent, HCL Technologies by 1.4 per cent, Tech Mahindra by 0.6 per cent and Wipro by 0.2 per cent. The other which lost were Hero MotoCorp, Vedanta, Hindalco and Bharti Airtel. Meanwhile, Asian stocks rose to the highest in a month after the US Federal Reserve signalled that interest rates are likely to remain accommodative. But the upcoming election in Britain and a deadline for US-China trade talks kept most investors cautious. The Fed kept interest rates unchanged at its policy meeting a day earlier. That helped Japan's Nikkei stock index to rise by 0.14 per cent, Hong Kong`s Hang Seng by 1.31 per cent and South Korea's Kospi by 1.51 per cent. Reports said US President Donald Trump is expected to meet soon with top advisers to discuss tariffs on nearly 160 billion dollars of Chinese consumer goods that are scheduled to take effect on December 15.

Sensex, Nifty close on positive note led by metals and banks

Indian stock market indices Sensex and Nifty on Thursday traded marginally higher by the afternoon session.

Except IT, all other sectoral indices are trading in the green led by the metal, auto, pharma, infra and energy.

At 1 pm, the BSE S&amp;P Sensex was up by 150 points to 40,563.26 while the Nifty 50 ticked up by 48.65 points at 11,958.55.&nbsp;

Meanwhile, The Indian rupee appreciated by 21 paise to 70.64 against the US dollar in early trade as higher opening in domestic equities and sustained foreign fund inflows strengthened investor sentiments..

Asian markets

Asian equities mostly rose and the dollar was subdued after the Federal Reserve indicated it was unlikely to change interest rates throughout next year, while the pound was in focus as the UK votes in a general election.

Investors are also tracking developments in the China-US trade talks, with nervousness setting in as a deadline for fresh US tariffs on Chinese goods approaches and no sign yet that they will be delayed.

(With inputs from agencies)

Indian stock market indices Sensex and Nifty on Thursday traded marginally higher by the afternoon session. Except IT, all other sectoral indices are trading in the green led by the metal, auto, pharma, infra and energy.

Indian stock market indices Sensex and Nifty on Thursday traded marginally higher by the afternoon session. Except IT, all other sectoral indices are trading in the green led by the metal, auto, pharma, infra and energy. At 1 pm, the BSE S&P Sensex was up by 150 points to 40,563.26 while the Nifty 50 ticked up by 48.65 points at 11,958.55. Meanwhile, The Indian rupee appreciated by 21 paise to 70.64 against the US dollar in early trade as higher opening in domestic equities and sustained foreign fund inflows strengthened investor sentiments.. Asian markets Asian equities mostly rose and the dollar was subdued after the Federal Reserve indicated it was unlikely to change interest rates throughout next year, while the pound was in focus as the UK votes in a general election. Investors are also tracking developments in the China-US trade talks, with nervousness setting in as a deadline for fresh US tariffs on Chinese goods approaches and no sign yet that they will be delayed. (With inputs from agencies)

Markets: Sensex up 150 points, Nifty holds 11,959.80 in the afternoon session

The domestic Stock market indices on Wednesday witnessed late surge due to Energy, IT and Realty stocks.&nbsp;

The BSE benchmark Sensex ended higher by 172.69 points or 0.43%, at 40,412.57, and the Nifty, on the NSE, too was up 53.35 points and ended at 11,910.15.&nbsp;

Nifty public sector enterprise index gained 1.2%, while Nifty finance index rose 0.7%.

The Nifty IT index ended 1.23% higher with India's second-most valuable company Tata Consultancy Services gaining by 1.44%. Gail Ltd was the top gainer in Nifty 50, rising 5.63%.

Yes Bank was the biggest loser among Nifty stocks, shedding 15.33% on uncertainty around capital raising.

(With inputs from agencies)

The domestic Stock market indices on Wednesday witnessed late surge due to Energy, IT and Realty stocks. The BSE benchmark Sensex ended higher by 172.69 points or 0.

The domestic Stock market indices on Wednesday witnessed late surge due to Energy, IT and Realty stocks. The BSE benchmark Sensex ended higher by 172.69 points or 0.43%, at 40,412.57, and the Nifty, on the NSE, too was up 53.35 points and ended at 11,910.15. Nifty public sector enterprise index gained 1.2%, while Nifty finance index rose 0.7%. The Nifty IT index ended 1.23% higher with India's second-most valuable company Tata Consultancy Services gaining by 1.44%. Gail Ltd was the top gainer in Nifty 50, rising 5.63%. Yes Bank was the biggest loser among Nifty stocks, shedding 15.33% on uncertainty around capital raising. (With inputs from agencies)

Sensex gains 172 points; Nifty ends at 1,910

Indian stock market indices Sensex and Nifty on Wednesday traded marginally higher by the afternoon session due to bank, finance and metal sector.

At 2 pm, the BSE S&amp;P Sensex was up by 70 points to 40,310.55 while the Nifty 50 ticked up by 18 points at 11,875.95.&nbsp;

Meanwhile, the rupee has extended its morning gains and trading higher by 12 paise at 70.80 per dollar. It opened higher at 70.89 per dollar versus previous close 70.92.

Asian markets

Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with Washington yet to cancel tariffs on a swathe of Chinese goods planned for the weekend.

Negotiators are still trying to hammer out a mini agreement and the mood on trading floors remains upbeat, while most observers are confident the two sides will eventually reach a deal, which has fed a global equities rally for weeks.

However, a fresh round of levies on $160 billion of Chinese exports to the US is due to be imposed on December 15, and there has been no word from the White House on a possible delay to that date.

(With inputs from agencies)

Indian stock market indices Sensex and Nifty on Wednesday traded marginally higher by the afternoon session due to bank, finance and metal sector. At 2 pm, the BSE S&P Sensex was up by 70 points to 40,310.

Indian stock market indices Sensex and Nifty on Wednesday traded marginally higher by the afternoon session due to bank, finance and metal sector. At 2 pm, the BSE S&P Sensex was up by 70 points to 40,310.55 while the Nifty 50 ticked up by 18 points at 11,875.95. Meanwhile, the rupee has extended its morning gains and trading higher by 12 paise at 70.80 per dollar. It opened higher at 70.89 per dollar versus previous close 70.92. Asian markets Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with Washington yet to cancel tariffs on a swathe of Chinese goods planned for the weekend. Negotiators are still trying to hammer out a mini agreement and the mood on trading floors remains upbeat, while most observers are confident the two sides will eventually reach a deal, which has fed a global equities rally for weeks. However, a fresh round of levies on $160 billion of Chinese exports to the US is due to be imposed on December 15, and there has been no word from the White House on a possible delay to that date. (With inputs from agencies)

Markets: Sensex up 70 points, Nifty holds 11,875.95 in the afternoon session

Equity indices languished in the negative terrain during early hours on Tuesday as investors awaited the outcome of new European Central Bank (ECB) boss Christine Lagarde`s first policy meeting later this week.

At 10:50 am, the BSE S&amp;P Sensex was down by 85.22 points to 40,402.21 while the Nifty 50 edged lower by 27.10 points at 11,910.40.&nbsp;

Most sectoral indices at the National Stock Exchange were in the red with Nifty IT down by 0.23 per cent.&nbsp;

Among stocks, Tata Consultancy Services slipped by 1.3 per cent to Rs 2,033 per share.&nbsp;

Tech Mahindra was down by 1.2 per cent, Wipro traded 0.8 per cent lower while HCL Technologies suffered a loss of 0.7 per cent.The other major losers were Bharti Infratel, Axis Bank, Yes Bank and Power Grid Corporation.&nbsp;

However, those which showed some gains were Sun Pharma, Cipla, ONGC, UPL and Grasim. Meanwhile, Asian equity markets were a tad lower as investors refrained from making major bets before December 15, when the next round of US tariffs on Chinese imports is due to take effect.&nbsp;

A Chinese Commerce Ministry official said a day earlier that Beijing hopes to make a trade deal with Washington as soon as possible.MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.04 per cent while Japan's Nikkei lost by 0.23 per cent.

(With inputs from ANI)

Equity indices languished in the negative terrain during early hours on Tuesday as investors awaited the outcome of new European Central Bank (ECB) boss Christine Lagarde`s first policy meeting later this week.

Equity indices languished in the negative terrain during early hours on Tuesday as investors awaited the outcome of new European Central Bank (ECB) boss Christine Lagarde`s first policy meeting later this week. At 10:50 am, the BSE S&P Sensex was down by 85.22 points to 40,402.21 while the Nifty 50 edged lower by 27.10 points at 11,910.40. Most sectoral indices at the National Stock Exchange were in the red with Nifty IT down by 0.23 per cent. Among stocks, Tata Consultancy Services slipped by 1.3 per cent to Rs 2,033 per share. Tech Mahindra was down by 1.2 per cent, Wipro traded 0.8 per cent lower while HCL Technologies suffered a loss of 0.7 per cent.The other major losers were Bharti Infratel, Axis Bank, Yes Bank and Power Grid Corporation. However, those which showed some gains were Sun Pharma, Cipla, ONGC, UPL and Grasim. Meanwhile, Asian equity markets were a tad lower as investors refrained from making major bets before December 15, when the next round of US tariffs on Chinese imports is due to take effect. A Chinese Commerce Ministry official said a day earlier that Beijing hopes to make a trade deal with Washington as soon as possible.MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.04 per cent while Japan's Nikkei lost by 0.23 per cent. (With inputs from ANI)

Sensex drops 85 points, Nifty below 11,950

Indian stock market indices were trading flat with a negative bias on Monday as Asian stocks edged up, catching some of Wall Street's momentum after surprisingly strong United States (US) jobs data

At 10:0 am, the Sensex traded 40.47 points - or 0.10 per cent - higher at 40,485.62 while the Nifty was up by 7.65 points - or 0.064 per cent - at 11,929.15.

Earlier, in the morning Nifty Auto, Nifty Metal and Nifty Media indices were all trading over 1 per cent higher, the Bank Nifty was largely flat while Nifty FMCG and Nifty IT indices slipped around 0.5 per cent.

(With inputs from agencies)

 
&nbsp;

Indian stock market indices were trading flat with a negative bias on Monday as Asian stocks edged up, catching some of Wall Street's momentum after surprisingly strong United States (US) jobs data At 10:0 am, the Sensex traded 40.

Indian stock market indices were trading flat with a negative bias on Monday as Asian stocks edged up, catching some of Wall Street's momentum after surprisingly strong United States (US) jobs data At 10:0 am, the Sensex traded 40.47 points - or 0.10 per cent - higher at 40,485.62 while the Nifty was up by 7.65 points - or 0.064 per cent - at 11,929.15. Earlier, in the morning Nifty Auto, Nifty Metal and Nifty Media indices were all trading over 1 per cent higher, the Bank Nifty was largely flat while Nifty FMCG and Nifty IT indices slipped around 0.5 per cent. (With inputs from agencies)

Sensex trades flat, Nifty tests 11,950

Equity benchmark indices ended on Monday with marginal gains after a volatile session on Friday while heavy buying was witnessed in metal, auto, energy and infra stocks.

The BSE S&amp;P Sensex closed 42 points higher at 40,487 while the Nifty 50 was up by 15 points at 11,937.

Sectoral indices at the National Stock Exchange (NSE) were mixed with Nifty auto gaining by 0.8 per cent and metal by 0.5 per cent.

But Nifty realty slipped by 1.57 per cent, IT by 0.93 per cent, and media by 0.79 per cent.Among stocks, auto majors Maruti and Mahindra &amp; Mahindra added gains of 1.7 per cent and 0.8 per cent respectively while JSW Steel was up by 1.7 per cent.

The other prominent gainers were Bharat Petroleum Corporation, IndianOil Corporation, Axis Bank, Adani Ports, HDFC.

Reliance Industries and Power Grid Corporation of India. However, IT major suffered losses.

Tata Consultancy Services was down by nearly 3 per cent, HCL Technologies by 1.6 per cent and Tech Mahindra by 0.8 per cent.

Cipla, Larsen &amp; Toubro, IndusInd Bank, Kotak Mahindra Bank, State Bank of India and ITC also closed in the red.

Meanwhile, Asian stocks edged up, catching some of Wall Street's momentum after surprisingly strong US jobs data.

Japan's benchmark Nikkei and South Korea's Kospi added gains of 0.33 per cent each while China's Shanghai Composite stood virtually flat at 0.08 per cent.Wall Street rose to near-record highs on Friday on the strong jobs data and some signs of optimism about the US-China trade talks.

Equity benchmark indices ended on Monday with marginal gains after a volatile session on Friday while heavy buying was witnessed in metal, auto, energy and infra stocks.

Equity benchmark indices ended on Monday with marginal gains after a volatile session on Friday while heavy buying was witnessed in metal, auto, energy and infra stocks. The BSE S&P Sensex closed 42 points higher at 40,487 while the Nifty 50 was up by 15 points at 11,937. Sectoral indices at the National Stock Exchange (NSE) were mixed with Nifty auto gaining by 0.8 per cent and metal by 0.5 per cent. But Nifty realty slipped by 1.57 per cent, IT by 0.93 per cent, and media by 0.79 per cent.Among stocks, auto majors Maruti and Mahindra & Mahindra added gains of 1.7 per cent and 0.8 per cent respectively while JSW Steel was up by 1.7 per cent. The other prominent gainers were Bharat Petroleum Corporation, IndianOil Corporation, Axis Bank, Adani Ports, HDFC. Reliance Industries and Power Grid Corporation of India. However, IT major suffered losses. Tata Consultancy Services was down by nearly 3 per cent, HCL Technologies by 1.6 per cent and Tech Mahindra by 0.8 per cent. Cipla, Larsen & Toubro, IndusInd Bank, Kotak Mahindra Bank, State Bank of India and ITC also closed in the red. Meanwhile, Asian stocks edged up, catching some of Wall Street's momentum after surprisingly strong US jobs data. Japan's benchmark Nikkei and South Korea's Kospi added gains of 0.33 per cent each while China's Shanghai Composite stood virtually flat at 0.08 per cent.Wall Street rose to near-record highs on Friday on the strong jobs data and some signs of optimism about the US-China trade talks.

Equity parameters close with marginal gains, IT stocks under pressure

Indian shares rose on Friday, in line with gains in broader Asia, as investors cheered US&nbsp;President Donald Trump's latest comments saying trade talks with China were moving on track.

The NSE Nifty 50 index rose 0.22% at 12,044.25 and the S&amp;P BSE Sensex was up 0.28% at 40,893.17 by 0349 GMT.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5% after Trump's upbeat tone in comments on Thursday, despite a lack of agreement between Washington and Beijing over whether existing tariffs should be dropped as part of a preliminary trade deal.

In the domestic market, shares bounced back, a day after the Reserve Bank of India kept rates steady, which led to markets ending lower on Thursday.

State-owned banking stocks led gains on Friday, as their main sub-index rose 0.52% in early trading, followed by the metals index, which gained 0.47%.

Bharti Infratel Ltd rose 1.3.% and topped the list among stock gainers, while Yes Bank Ltd fell 4.27% and was the day`s biggest laggard. 
&nbsp;

Indian shares rose on Friday, in line with gains in broader Asia, as investors cheered US President Donald Trump's latest comments saying trade talks with China were moving on track.

Indian shares rose on Friday, in line with gains in broader Asia, as investors cheered US President Donald Trump's latest comments saying trade talks with China were moving on track. The NSE Nifty 50 index rose 0.22% at 12,044.25 and the S&P BSE Sensex was up 0.28% at 40,893.17 by 0349 GMT. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5% after Trump's upbeat tone in comments on Thursday, despite a lack of agreement between Washington and Beijing over whether existing tariffs should be dropped as part of a preliminary trade deal. In the domestic market, shares bounced back, a day after the Reserve Bank of India kept rates steady, which led to markets ending lower on Thursday. State-owned banking stocks led gains on Friday, as their main sub-index rose 0.52% in early trading, followed by the metals index, which gained 0.47%. Bharti Infratel Ltd rose 1.3.% and topped the list among stock gainers, while Yes Bank Ltd fell 4.27% and was the day`s biggest laggard.

Nifty, Sensex track broader Asia higher as Trump's comments renew trade hopes

Indian shares gave up <a href="https://www.wionews.com/business-economy/nifty-sensex-track-broader-asia-higher-as-trumps-comments-renew-trade-hopes-266533">early gains </a>and ended lower on Friday, dragged down by state-owned banking stocks, as investor risk appetite waned after the central bank held interest rates in a surprise move on Thursday.

The NSE Nifty 50 index closed down 0.81% at 11,921.50 at Friday's close and the S&amp;P BSE Sensex&nbsp;ended 0.82% lower at 40,445.15.

For the week, the NSE and BSE indexes lost 1.12% and 0.85%, respectively.

The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision that spooked markets on Thursday, even as it slashed its growth forecast for the economy to its lowest level in over a decade.

The Nifty state-owned banking index&nbsp;was down 4.39% and ended as the day's biggest laggard among sectors.

Yes Bank dropped over 10%, while Bharti Infratel&nbsp;gained 5.55% among stocks.

Indian shares gave up early gains and ended lower on Friday, dragged down by state-owned banking stocks, as investor risk appetite waned after the central bank held interest rates in a surprise move on Thursday.

Indian shares gave up early gains and ended lower on Friday, dragged down by state-owned banking stocks, as investor risk appetite waned after the central bank held interest rates in a surprise move on Thursday. The NSE Nifty 50 index closed down 0.81% at 11,921.50 at Friday's close and the S&P BSE Sensex ended 0.82% lower at 40,445.15. For the week, the NSE and BSE indexes lost 1.12% and 0.85%, respectively. The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision that spooked markets on Thursday, even as it slashed its growth forecast for the economy to its lowest level in over a decade. The Nifty state-owned banking index was down 4.39% and ended as the day's biggest laggard among sectors. Yes Bank dropped over 10%, while Bharti Infratel gained 5.55% among stocks.

Nifty, Sensex end lower as state-owned banks weigh

Indian shares pared early gains to end lower on Thursday after the <a href="https://www.wionews.com/business-economy/government-wants-rbi-to-buy-out-stressed-assets-of-shadow-banks-source-265083">Reserve Bank of India</a> (RBI) kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut.

The NSE Nifty 50 index closed down 0.21 per cent&nbsp;to 12,018.40 and the S&amp;P BSE <a href="https://www.wionews.com/business-economy/nifty-sensex-slip-after-rbi-surprises-by-holding-rates-steady-266369">Sensex&nbsp; </a>ended 0.17 per cent&nbsp;lower at 40779.59.

The RBI left its key repo rate unchanged at 5.15 per cent, and said it would continue with an accommodative stance after its policy meeting.

Economists polled by Reuters expected the central bank to cut rates for the sixth time this year.

"While the decision to pause is not entirely unjustified given the clear lack of efficacy of monetary policy actions through the policy rate cut channel, what is worrying is that the RBI did not announce any unconventional measure but hoped for better transmission of its past actions," said Kunal Kundu, an economist with Societe Generale in Bengaluru.

Expectations of a rate cut were fueled after India's economic growth slowed to 4.5 per cent&nbsp;in the July-September period, its weakest pace since 2013, piling pressure on Prime Minister Narendra Modi to speed up reforms.

The Nifty had risen 7.7 per cent and the Sensex has gained 8.43 per cent&nbsp;since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and hopes of more stimulus.

Among the sectors, the Nifty metals index&nbsp; fell most, shedding 2.31 per cent, while the state-owned bank's index was down 1.8 per cent&nbsp;at close.

Zee Entertainment closed up 6.18 per cent&nbsp;to top the Nifty gainers, while JSW Steel was the biggest laggard, shedding 3.52 per cent.

Indian shares pared early gains to end lower on Thursday after the Reserve Bank of India (RBI) kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut.

Indian shares pared early gains to end lower on Thursday after the Reserve Bank of India (RBI) kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut. The NSE Nifty 50 index closed down 0.21 per cent to 12,018.40 and the S&P BSE Sensex ended 0.17 per cent lower at 40779.59. The RBI left its key repo rate unchanged at 5.15 per cent, and said it would continue with an accommodative stance after its policy meeting. Economists polled by Reuters expected the central bank to cut rates for the sixth time this year. "While the decision to pause is not entirely unjustified given the clear lack of efficacy of monetary policy actions through the policy rate cut channel, what is worrying is that the RBI did not announce any unconventional measure but hoped for better transmission of its past actions," said Kunal Kundu, an economist with Societe Generale in Bengaluru. Expectations of a rate cut were fueled after India's economic growth slowed to 4.5 per cent in the July-September period, its weakest pace since 2013, piling pressure on Prime Minister Narendra Modi to speed up reforms. The Nifty had risen 7.7 per cent and the Sensex has gained 8.43 per cent since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and hopes of more stimulus. Among the sectors, the Nifty metals index fell most, shedding 2.31 per cent, while the state-owned bank's index was down 1.8 per cent at close. Zee Entertainment closed up 6.18 per cent to top the Nifty gainers, while JSW Steel was the biggest laggard, shedding 3.52 per cent.

Nifty closes at 12018, Sensex down 0.17 per cent

Indian shares pared early gains to trade lower on Thursday&nbsp;after&nbsp;the country's central bank kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut.

The NSE&nbsp;Nifty&nbsp;50 index fell 0.12 per cent&nbsp;to 12,28.65 and the S&amp;P BSE&nbsp;Sensex&nbsp;shed 0.06 per cent&nbsp;to 40,824.68 by 0636 GMT.

The <a href="https://www.wionews.com/business-economy/avoiding-temptation-rbi-likely-to-cut-key-rate-by-just-25-basis-points-207455">Reserve Bank of India</a> (RBI) left its key repo rate unchanged at 5.15 per cent, and said it would continue with an accommodative stance&nbsp;after&nbsp;its policy meeting.

Economists polled by Reuters expected the central bank to cut&nbsp;rates&nbsp;for the sixth time this year.

"While the decision to pause is not entirely unjustified given the clear lack of efficacy of monetary policy actions through the policy rate cut channel, what is worrying is that the&nbsp;RBI&nbsp;did not announce any unconventional measure but hoped for better transmission of its past actions," said Kunal Kundu, an economist with Societe Generale in Bengaluru.

Expectations of a rate cut were fueled&nbsp;after&nbsp;India's economic growth slowed to 4.5&nbsp;per cent&nbsp;in the July-September period, its weakest pace since 2013, piling pressure on Prime Minister Narendra Modi to speed up reforms.

The&nbsp;Nifty&nbsp;had risen 7.7&nbsp;per cent&nbsp;and the&nbsp;<a href="https://www.wionews.com/business-economy/sensex-nifty-recover-after-report-rekindles-us-china-trade-deal-hopes-266189">Sensex</a>&nbsp;has gained 8.43&nbsp;per cent&nbsp;since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and hopes of more stimulus.

The benchmark 10-year bond yield rose to 6.5502&nbsp;per cent&nbsp;from 6.4735 per centbefore the announcement, while the rupee weakened to 71.58 against the US&nbsp;dollar. The local currency stood at 71.5 before the decision.

Among the sectors, the&nbsp;Nifty&nbsp;metals index fell most, shedding 1.32per cent.

Zee Entertainment rose 1.37 per cent&nbsp;to the top of the&nbsp;Nifty, while Coal India was the biggest laggard, dropping 2.29 per cent.

Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3&nbsp;per cent&nbsp;on signs the United States and China were on track for a preliminary trade deal.

Indian shares pared early gains to trade lower on Thursday after the country's central bank kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut.

Indian shares pared early gains to trade lower on Thursday after the country's central bank kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut. The NSE Nifty 50 index fell 0.12 per cent to 12,28.65 and the S&P BSE Sensex shed 0.06 per cent to 40,824.68 by 0636 GMT. The Reserve Bank of India (RBI) left its key repo rate unchanged at 5.15 per cent, and said it would continue with an accommodative stance after its policy meeting. Economists polled by Reuters expected the central bank to cut rates for the sixth time this year. "While the decision to pause is not entirely unjustified given the clear lack of efficacy of monetary policy actions through the policy rate cut channel, what is worrying is that the RBI did not announce any unconventional measure but hoped for better transmission of its past actions," said Kunal Kundu, an economist with Societe Generale in Bengaluru. Expectations of a rate cut were fueled after India's economic growth slowed to 4.5 per cent in the July-September period, its weakest pace since 2013, piling pressure on Prime Minister Narendra Modi to speed up reforms. The Nifty had risen 7.7 per cent and the Sensex has gained 8.43 per cent since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and hopes of more stimulus. The benchmark 10-year bond yield rose to 6.5502 per cent from 6.4735 per centbefore the announcement, while the rupee weakened to 71.58 against the US dollar. The local currency stood at 71.5 before the decision. Among the sectors, the Nifty metals index fell most, shedding 1.32per cent. Zee Entertainment rose 1.37 per cent to the top of the Nifty, while Coal India was the biggest laggard, dropping 2.29 per cent. Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent on signs the United States and China were on track for a preliminary trade deal.

Nifty, Sensex slip after RBI surprises by steady holding rates

Indian shares reversed course to end higher on Wednesday, snapping a three-day losing streak, after a media report said the United States and China are moving closer to a trade deal.

The NSE Nifty 50 index ended 0.41 per cent higher at 12,043.20 and the S&amp;P BSE Sensex was up 0.43 per cent up at 40,850.29.

Washington and Beijing were nearing an agreement on the number of tariffs to be rolled back in a phase-one trade deal, Bloomberg reported, citing people familiar with the matter.

Stocks across the globe took a beating in early trade after U.S. President Donald Trump said on Tuesday that a trade agreement with China might have to wait until after the presidential election in November 2020.

Metal stocks, which were the top drags in early trading, ended as the day`s top gainers. The Nifty metals index was up 1.55 per cent at the close.

Steelmaker Tata Steel, miner Vedanta and aluminium producer Hindalco were all among the top gainers on the Nifty, rising between 2.5 per cent and 3 per cent.

Tata Motors gained 7 per cent and was the most bullish stock on the Nifty, while Larsen and Toubro was the biggest laggard, shedding 2.14 per cent.

Indian shares reversed course to end higher on Wednesday, snapping a three-day losing streak, after a media report said the United States and China are moving closer to a trade deal.

Indian shares reversed course to end higher on Wednesday, snapping a three-day losing streak, after a media report said the United States and China are moving closer to a trade deal. The NSE Nifty 50 index ended 0.41 per cent higher at 12,043.20 and the S&P BSE Sensex was up 0.43 per cent up at 40,850.29. Washington and Beijing were nearing an agreement on the number of tariffs to be rolled back in a phase-one trade deal, Bloomberg reported, citing people familiar with the matter. Stocks across the globe took a beating in early trade after U.S. President Donald Trump said on Tuesday that a trade agreement with China might have to wait until after the presidential election in November 2020. Metal stocks, which were the top drags in early trading, ended as the day`s top gainers. The Nifty metals index was up 1.55 per cent at the close. Steelmaker Tata Steel, miner Vedanta and aluminium producer Hindalco were all among the top gainers on the Nifty, rising between 2.5 per cent and 3 per cent. Tata Motors gained 7 per cent and was the most bullish stock on the Nifty, while Larsen and Toubro was the biggest laggard, shedding 2.14 per cent.

Sensex, Nifty recover after report rekindles US-China trade deal hopes

Indian shares tracked Asian markets lower on Tuesday, amid weakness in metal stocks, after US&nbsp;President <a href="https://www.wionews.com/world/effective-immediately-us-to-restore-steel-aluminum-tariffs-on-brazil-argentina-trump-265754">Donald Trump's move</a> to impose tariffs on Brazil and Argentina stoked fresh concerns about global trade.

The NSE Nifty 50 index fell 0.2 per cnet&nbsp;to 12,021.50 and the S&amp;P BSE&nbsp;Sensex&nbsp;declined 0.18 per cent&nbsp;to 40,720.73 by 0354 GMT.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.45 per cent.

Trump on Monday said he would impose tariffs on steel and aluminium imports from Brazil and Argentina, attacking what he saw as both countries' "massive devaluation of their currencies."

Meanwhile, investors back home were hopeful of a sixth rate cut by the Reserve Bank of India (RBI) this year, after a Reuters poll last week said the bank may cut rates by 25 basis points at its policy meeting later this week.

The expectations for a rate-cut comes as India's economic growth slowed to a six-year low at 4.5 per cent&nbsp;for the July-September period.

Metal stocks were lower as most industrial metal prices came under pressure due to Trump's tariffs move. The Nifty metals index fell 2.04 per cent.

Steelmakers Tata Steel and JSW Steel were among the top losers on the Nifty, dropping about 1.45 per cent&nbsp;each, while Britannia Industries gained about 1.42 per cent.

Indian shares tracked Asian markets lower on Tuesday, amid weakness in metal stocks, after US President Donald Trump's move to impose tariffs on Brazil and Argentina stoked fresh concerns about global trade.

Indian shares tracked Asian markets lower on Tuesday, amid weakness in metal stocks, after US President Donald Trump's move to impose tariffs on Brazil and Argentina stoked fresh concerns about global trade. The NSE Nifty 50 index fell 0.2 per cnet to 12,021.50 and the S&P BSE Sensex declined 0.18 per cent to 40,720.73 by 0354 GMT. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.45 per cent. Trump on Monday said he would impose tariffs on steel and aluminium imports from Brazil and Argentina, attacking what he saw as both countries' "massive devaluation of their currencies." Meanwhile, investors back home were hopeful of a sixth rate cut by the Reserve Bank of India (RBI) this year, after a Reuters poll last week said the bank may cut rates by 25 basis points at its policy meeting later this week. The expectations for a rate-cut comes as India's economic growth slowed to a six-year low at 4.5 per cent for the July-September period. Metal stocks were lower as most industrial metal prices came under pressure due to Trump's tariffs move. The Nifty metals index fell 2.04 per cent. Steelmakers Tata Steel and JSW Steel were among the top losers on the Nifty, dropping about 1.45 per cent each, while Britannia Industries gained about 1.42 per cent.

Nifty, Sensex fall on global trade worries; metals top drag

At 11.50 am on Monday, Sensex stood at 40,861.98 points, gaining 68.17&nbsp;(0.17 per cent), while Nifty clocked in 12,067.10 points,&nbsp;gaining 11.05&nbsp;(0.092 per cent).

MSCI's index of Asia-Pacific shares outside Japan gained 0.46 per cent&nbsp;after investors clung to hopes Beijing and Washington could reach a compromise in trade talks despite concerns of US&nbsp;support to the Honk Kong protests.

Investors at home seemed to have priced in the flagging economic growth, which slowed to 4.5 per cent&nbsp;for the July-September period.

Telecom stocks led gains among sectors as all three major operators in the country announced price hikes over the weekend after a court ruling forced them to cough up nearly $13 billion in dues and levies.

Bharti Airtel&nbsp;rose 8.03 per cent, Vodafone Idea jumped 16.06 per cent&nbsp;and Reliance Jio owner Reliance Industries&nbsp;advanced 3.57 per cent.

Vodafone was the biggest gainer among all stocks listed on the NSE, while Airtel gained most on the Nifty.

Among losers, Oil and Natural Gas Corp&nbsp;dropped 2.54 per cent&nbsp;and was the biggest drag on the indexes.

(With inputs from agencies)

At 11.50 am on Monday, Sensex stood at 40,861.98 points, gaining 68.17 (0.17 per cent), while Nifty clocked in 12,067.10 points, gaining 11.05 (0.092 per cent). MSCI's index of Asia-Pacific shares outside Japan gained 0.

At 11.50 am on Monday, Sensex stood at 40,861.98 points, gaining 68.17 (0.17 per cent), while Nifty clocked in 12,067.10 points, gaining 11.05 (0.092 per cent). MSCI's index of Asia-Pacific shares outside Japan gained 0.46 per cent after investors clung to hopes Beijing and Washington could reach a compromise in trade talks despite concerns of US support to the Honk Kong protests. Investors at home seemed to have priced in the flagging economic growth, which slowed to 4.5 per cent for the July-September period. Telecom stocks led gains among sectors as all three major operators in the country announced price hikes over the weekend after a court ruling forced them to cough up nearly $13 billion in dues and levies. Bharti Airtel rose 8.03 per cent, Vodafone Idea jumped 16.06 per cent and Reliance Jio owner Reliance Industries advanced 3.57 per cent. Vodafone was the biggest gainer among all stocks listed on the NSE, while Airtel gained most on the Nifty. Among losers, Oil and Natural Gas Corp dropped 2.54 per cent and was the biggest drag on the indexes. (With inputs from agencies)

Sensex rises by 68 points, Nifty gains 11

<a href="https://www.wionews.com/business-economy/sensex-rises-by-68-points-nifty-gains-11-265684">Indian shares </a>erased early gains to end nearly flat on Monday, dragged by losses in information technology and state-owned bank stocks, as a flagging economy kept investors cautious ahead of the central bank's monetary policy meeting later this week.

The NSE Nifty 50 index closed 0.07% lower at 12048.20 and the S&amp;P BSE Sensex was little changed at 40802.17.

India's economy grew at its slowest pace since 2013 for the July-September period at 4.5%, which could prompt the Reserve Bank of India to cut its repo rate at its monetary policy meeting.

The Nifty IT index dropped most among sub-indexes at to nearly 1%, while the state-owned bank index fell 0.87% at close.

A fall in auto sales in November also pushed auto stocks lower, sending the Nifty auto index down 0.9%.

Bharti Airtel was the top gainer among stocks on the Nifty, closing up 3.65%, and Yes Bank was the biggest loser, dropping 6.22%.

 
&nbsp;

Indian shares erased early gains to end nearly flat on Monday, dragged by losses in information technology and state-owned bank stocks, as a flagging economy kept investors cautious ahead of the central bank's monetary policy meeting later this week.

Indian shares erased early gains to end nearly flat on Monday, dragged by losses in information technology and state-owned bank stocks, as a flagging economy kept investors cautious ahead of the central bank's monetary policy meeting later this week. The NSE Nifty 50 index closed 0.07% lower at 12048.20 and the S&P BSE Sensex was little changed at 40802.17. India's economy grew at its slowest pace since 2013 for the July-September period at 4.5%, which could prompt the Reserve Bank of India to cut its repo rate at its monetary policy meeting. The Nifty IT index dropped most among sub-indexes at to nearly 1%, while the state-owned bank index fell 0.87% at close. A fall in auto sales in November also pushed auto stocks lower, sending the Nifty auto index down 0.9%. Bharti Airtel was the top gainer among stocks on the Nifty, closing up 3.65%, and Yes Bank was the biggest loser, dropping 6.22%.

Sensex, Nifty lose early gains, end flat as major sub-indices drop

Equity <a href="https://www.wionews.com/india-news/sensex-scales-up-110-points-reliances-market-cap-ends-above-rs-10-lakh-crore-265086">benchmark indices </a>tumbled into the negative terrain during early hours on Friday following weak global cues as investors feared that passage of the Hong Kong pro-democracy bill in Washington could derail trade talks between the United States and China.

At 10:15 am, the BSE S&amp;P Sensex was down by 243 points to 40,888 while the Nifty 50 rolled down by 57 points at 12,094.

Sectoral indices at the National Stock Exchange were mixed with Nifty auto, financial services, FMCG and IT in the red.

Among stocks, the prominent losers were Dr Reddy`s, ICICI Bank, Hindustan Lever, HDFC and Mahindra &amp; Mahindra. However, Bharti Infratel continued to climb up and added gains of 5.6 per cent at Rs 271.05 per share while Bharti Airtel was up by 1.8 per cent.

Yes Bank gained 4.3 per cent, Zee Entertainment 2 per cent and GAIL by 1.7 per cent.

Meanwhile, Asian markets slipped as investors turned cautious, fearing a new US law backing Hong Kong protesters could put hurdles in efforts to end the US-China trade conflict.

MSCI`s broadest index of Asia Pacific shares outside Japan fell by 0.9 per cent. Hong Kong led the losses, dropping by 2 per cent while South Korean shares lost by 1.2 per cent and Japan`s Nikkei eased by 0.1 per cent.

Equity benchmark indices tumbled into the negative terrain during early hours on Friday following weak global cues as investors feared that passage of the Hong Kong pro-democracy bill in Washington could derail trade talks between the United States and China.

Equity benchmark indices tumbled into the negative terrain during early hours on Friday following weak global cues as investors feared that passage of the Hong Kong pro-democracy bill in Washington could derail trade talks between the United States and China. At 10:15 am, the BSE S&P Sensex was down by 243 points to 40,888 while the Nifty 50 rolled down by 57 points at 12,094. Sectoral indices at the National Stock Exchange were mixed with Nifty auto, financial services, FMCG and IT in the red. Among stocks, the prominent losers were Dr Reddy`s, ICICI Bank, Hindustan Lever, HDFC and Mahindra & Mahindra. However, Bharti Infratel continued to climb up and added gains of 5.6 per cent at Rs 271.05 per share while Bharti Airtel was up by 1.8 per cent. Yes Bank gained 4.3 per cent, Zee Entertainment 2 per cent and GAIL by 1.7 per cent. Meanwhile, Asian markets slipped as investors turned cautious, fearing a new US law backing Hong Kong protesters could put hurdles in efforts to end the US-China trade conflict. MSCI`s broadest index of Asia Pacific shares outside Japan fell by 0.9 per cent. Hong Kong led the losses, dropping by 2 per cent while South Korean shares lost by 1.2 per cent and Japan`s Nikkei eased by 0.1 per cent.

Indian markets open in red amid weak global cues

Equity markets witnessed profit booking on Friday amid expectations of slower GDP numbers for the September quarter and weak global cues.

Investors also tracked trends after the passage of the <a href="https://www.wionews.com/.../draped-in-us-flag-protestors-stage-thanksgiving -rally-after-trump-signs-hong-kong-democracy-act-265122">Hong Kong pro-democracy bill</a> in Washington that could derail trade talks between the United States and China.

At the closing bell, the BSE S&amp;P Sensex was down by 336 points or 0.82 per cent to 40,704. The Nifty 50 tumbled down by 95 points or 0.78 per cent at 12,056.

All sectoral indices at the National Stock Exchange were in the red except for Nifty realty which was up by 0.98 per cent. But Nifty media was down by 2.4 per cent, PSU bank by 1.7 per cent metal by 1.2 per cent, auto by 1.1 per cent and FMCG by 0.9 per cent.

Among stocks, metal majors Hindalco and Vedanta lost by 2.1 per cent each while Tata Motors dived by 2.3 per cent.

The other prominent losers were Mahindra &amp; Mahindra, Hindustan Lever, Dr Reddy's, Yes Bank and State Bank of India.

However, Bharti Infratel continued to climb up and added gains of 6.7 per cent at Rs 273.80 per share while Bharti Airtel was up by 1.1 per cent. Adani Ports, utility major NTPC and HDFC Bank were also in the green.

Meanwhile, Asian markets slipped as investors turned cautious, fearing a new US law backing Hong Kong protesters could put hurdles in efforts to end the US-China trade conflict.

Hong Kong led the losses, dropping by 2 per cent while South Korean shares lost by 1.4 per cent and Japan's Nikkei eased by 0.5 per cent.

Equity markets witnessed profit booking on Friday amid expectations of slower GDP numbers for the September quarter and weak global cues. Investors also tracked trends after the passage of the Hong Kong pro-democracy bill in Washington that could derail trade talks between the United States and China.

Equity markets witnessed profit booking on Friday amid expectations of slower GDP numbers for the September quarter and weak global cues. Investors also tracked trends after the passage of the Hong Kong pro-democracy bill in Washington that could derail trade talks between the United States and China. At the closing bell, the BSE S&P Sensex was down by 336 points or 0.82 per cent to 40,704. The Nifty 50 tumbled down by 95 points or 0.78 per cent at 12,056. All sectoral indices at the National Stock Exchange were in the red except for Nifty realty which was up by 0.98 per cent. But Nifty media was down by 2.4 per cent, PSU bank by 1.7 per cent metal by 1.2 per cent, auto by 1.1 per cent and FMCG by 0.9 per cent. Among stocks, metal majors Hindalco and Vedanta lost by 2.1 per cent each while Tata Motors dived by 2.3 per cent. The other prominent losers were Mahindra & Mahindra, Hindustan Lever, Dr Reddy's, Yes Bank and State Bank of India. However, Bharti Infratel continued to climb up and added gains of 6.7 per cent at Rs 273.80 per share while Bharti Airtel was up by 1.1 per cent. Adani Ports, utility major NTPC and HDFC Bank were also in the green. Meanwhile, Asian markets slipped as investors turned cautious, fearing a new US law backing Hong Kong protesters could put hurdles in efforts to end the US-China trade conflict. Hong Kong led the losses, dropping by 2 per cent while South Korean shares lost by 1.4 per cent and Japan's Nikkei eased by 0.5 per cent.

Sensex falls by 336 points ahead of GDP data

Indian shares inched higher in early trade on Thursday ahead of the expiry of November futures and options, while investors awaited gross domestic product (GDP) data due on Friday for clues about the health of Asia's third-largest economy.

The NSE Nifty 50 index was up 0.1 per cent&nbsp;at 12,111.90 by 0406 GMT, while the S&amp;P BSE Sensex index was higher 0.1 per cent&nbsp;at 41,062.

"We are at a crucial juncture at this point of time. Today's move will decide the future course of action," said Rusmik Oza, head of fundamental research, Kotak Securities.

"If the market closes above 12,100 levels on expiry, then investors are ready to digest the GDP numbers. If they retrace today, then there are chances they might go down tomorrow or after the data."

Indian stocks are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to reverse an economic slowdown.

Public sector banks led gains in the Nifty index, with the main sub-index rising 1.15 per cent. Shares of Indian Bank rose 4.52 per cent, while Oriental Bank of Commerce gained 4.1per cent.

Bharti Infratel was the top gainer in the Nifty 50 index, rising 4.7 per cent.

Indian shares inched higher in early trade on Thursday ahead of the expiry of November futures and options, while investors awaited gross domestic product (GDP) data due on Friday for clues about the health of Asia's third-largest economy.

Indian shares inched higher in early trade on Thursday ahead of the expiry of November futures and options, while investors awaited gross domestic product (GDP) data due on Friday for clues about the health of Asia's third-largest economy. The NSE Nifty 50 index was up 0.1 per cent at 12,111.90 by 0406 GMT, while the S&P BSE Sensex index was higher 0.1 per cent at 41,062. "We are at a crucial juncture at this point of time. Today's move will decide the future course of action," said Rusmik Oza, head of fundamental research, Kotak Securities. "If the market closes above 12,100 levels on expiry, then investors are ready to digest the GDP numbers. If they retrace today, then there are chances they might go down tomorrow or after the data." Indian stocks are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to reverse an economic slowdown. Public sector banks led gains in the Nifty index, with the main sub-index rising 1.15 per cent. Shares of Indian Bank rose 4.52 per cent, while Oriental Bank of Commerce gained 4.1per cent. Bharti Infratel was the top gainer in the Nifty 50 index, rising 4.7 per cent.

Nifty, Sensex tick up ahead of F&O expiry, GDP data

Equity benchmark indices ended near the day's high level on Thursday led by a spurt in public sector banks and metal stocks.

The bull run continued despite concerns that US President Donald Trump signing law support for anti-government protesters in Hong Kong could become a sticking point in signing the US-China trade deal.

The BSE S&amp;P Sensex closed 110 points higher at 41,130 while the Nifty 50 edged up by 54 points to 12,154.

Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the green.

Nifty PSU bank added gains of 3.44 per cent while Nifty metal moved up by 1.98 per cent. Among stocks, Bharti Infratel jumped by 14.18 per cent to close the day at Rs 257.25 per share.

Metal majors JSW Steel and Tata Steel gained by 4.1 per cent and 2.2 per cent respectively. Banking stocks witnessed stellar buying with Yes Bank edging up by 3.1 per cent along with ICICI Bank and IndusInd Bank which rose by 2.5 per cent each.

State Bank of India ticked up by 1.6 per cent. Reports said index heavyweight Reliance Industries became the first Indian company to hit Rs 10 lakh crore market capitalisation after the stock price hit a new high to close at Rs 1,579.95 per share.

The other losers were Hero MotoCorp, HDFC, Bajaj Auto and HDFC Bank. Meanwhile, Asian share markets wobbled as concerns mounted that tensions over Hong Kong may worsen fractious relations between Washington and Beijing.

US President Donald Trump on Wednesday signed legislation backing pro-democracy protesters in Hong Kong and China's Foreign Ministry promptly warned of unspecified firm countermeasures in response.

As a result, Japan's Nikkei slipped by 0.12 per cent, Hong Kong's Hang Seng by 0.22 per cent and South Korea's Kospi by 0.43 per cent. The Shanghai Composite was down by 0.87 per cent.&nbsp;

Equity benchmark indices ended near the day's high level on Thursday led by a spurt in public sector banks and metal stocks. The bull run continued despite concerns that US President Donald Trump signing law support for anti-government protesters in Hong Kong could become a sticking point in signing the US-China trade deal.

Equity benchmark indices ended near the day's high level on Thursday led by a spurt in public sector banks and metal stocks. The bull run continued despite concerns that US President Donald Trump signing law support for anti-government protesters in Hong Kong could become a sticking point in signing the US-China trade deal. The BSE S&P Sensex closed 110 points higher at 41,130 while the Nifty 50 edged up by 54 points to 12,154. Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the green. Nifty PSU bank added gains of 3.44 per cent while Nifty metal moved up by 1.98 per cent. Among stocks, Bharti Infratel jumped by 14.18 per cent to close the day at Rs 257.25 per share. Metal majors JSW Steel and Tata Steel gained by 4.1 per cent and 2.2 per cent respectively. Banking stocks witnessed stellar buying with Yes Bank edging up by 3.1 per cent along with ICICI Bank and IndusInd Bank which rose by 2.5 per cent each. State Bank of India ticked up by 1.6 per cent. Reports said index heavyweight Reliance Industries became the first Indian company to hit Rs 10 lakh crore market capitalisation after the stock price hit a new high to close at Rs 1,579.95 per share. The other losers were Hero MotoCorp, HDFC, Bajaj Auto and HDFC Bank. Meanwhile, Asian share markets wobbled as concerns mounted that tensions over Hong Kong may worsen fractious relations between Washington and Beijing. US President Donald Trump on Wednesday signed legislation backing pro-democracy protesters in Hong Kong and China's Foreign Ministry promptly warned of unspecified firm countermeasures in response. As a result, Japan's Nikkei slipped by 0.12 per cent, Hong Kong's Hang Seng by 0.22 per cent and South Korea's Kospi by 0.43 per cent. The Shanghai Composite was down by 0.87 per cent.

Sensex scales up 110 points, Reliance's market cap ends above Rs 10 lakh crore

Sensex opened at 41,034 points today, almost 200 points up. Yesterday, <a href="https://www.wionews.com/business-economy/sensex-hits-all-time-high-breaches-41k-mark-264523">it breached the 41,000 mark</a> for the first time in its history.&nbsp;

BSE Sensex currently stands at 41,034 points after surging 200 points or 0.50 per cent over the previous close. NSE Nifty gained 55 points or 0.46 per cent to go up 12,093 points.&nbsp;

Top gainers today included Yes Bank (4.96 per cent gain), Tata Motors (1.92 per cent), M&amp;M (1.57 per cent), Maruti (1.56 per cent), and HeroMotocorp (1.03 per cent).

The top losers today are&nbsp;TechM (which dropped by 0.25 per cent), Sun Pharma (0.07 per cent), and HDFC Bank (0.05 per cent).

Yesterday, the top gainers included Hindalco (1.54 per cent gain), Tata Steel (1.66 per cent), Yes Bank (2.12 per cent), ICICI Bank (1.46 per cent), Sun Pharma (1.24 per cent).

The top losers yesterday were Bharti Infratel (which dropped by 4.42 per cent), Zee Entertainment (2.41 per cent), Bharti Airtel (1.79 per cent), Nestle (1.23 per cent), and Grasim (0.82 per cent).&nbsp;

Sensex opened at 41,034 points today, almost 200 points up. Yesterday, it breached the 41,000 mark for the first time in its history. BSE Sensex currently stands at 41,034 points after surging 200 points or 0.

Sensex opened at 41,034 points today, almost 200 points up. Yesterday, it breached the 41,000 mark for the first time in its history. BSE Sensex currently stands at 41,034 points after surging 200 points or 0.50 per cent over the previous close. NSE Nifty gained 55 points or 0.46 per cent to go up 12,093 points. Top gainers today included Yes Bank (4.96 per cent gain), Tata Motors (1.92 per cent), M&M (1.57 per cent), Maruti (1.56 per cent), and HeroMotocorp (1.03 per cent). The top losers today are TechM (which dropped by 0.25 per cent), Sun Pharma (0.07 per cent), and HDFC Bank (0.05 per cent). Yesterday, the top gainers included Hindalco (1.54 per cent gain), Tata Steel (1.66 per cent), Yes Bank (2.12 per cent), ICICI Bank (1.46 per cent), Sun Pharma (1.24 per cent). The top losers yesterday were Bharti Infratel (which dropped by 4.42 per cent), Zee Entertainment (2.41 per cent), Bharti Airtel (1.79 per cent), Nestle (1.23 per cent), and Grasim (0.82 per cent).

Sensex steady at 41K points, Nifty gains 55 points

Indian shares ended higher on Wednesday tracking global equity markets, as upbeat comments by US&nbsp;President Donald Trump that Washington and Beijing were in the final throes of an initial trade deal stoked risk appetite.

The Nifty closed up 0.5 per cent at 12,100.70, while the benchmark Sensex was also 0.5 per cent higher at 41,020.60.

The biggest gainers on the Nifty were Yes Bank Ltd, up 8.08 per cent, UltraTech Cement Ltd higher by 2.96 per cent and State Bank of India gaining 2.4 per cent.

Auto stocks led gains in the Nifty as their main sub-index rose 1.30 per cent.

Shares of Tata Motors advanced 4.22 per cent, while Maruti Suzuki climbed 2.40 per cent.

The biggest laggards on the Nifty were Bharti Infratel Ltd, Cipla Ltd and Larsen &amp; Toubro Ltd.

Bharti Infratel fell 3.16 per cent, Cipla Ltd was down 2.02 per cent, while Larsen &amp; Toubro Ltd lost 2.02 per cent.

Indian shares ended higher on Wednesday tracking global equity markets, as upbeat comments by US President Donald Trump that Washington and Beijing were in the final throes of an initial trade deal stoked risk appetite.

Indian shares ended higher on Wednesday tracking global equity markets, as upbeat comments by US President Donald Trump that Washington and Beijing were in the final throes of an initial trade deal stoked risk appetite. The Nifty closed up 0.5 per cent at 12,100.70, while the benchmark Sensex was also 0.5 per cent higher at 41,020.60. The biggest gainers on the Nifty were Yes Bank Ltd, up 8.08 per cent, UltraTech Cement Ltd higher by 2.96 per cent and State Bank of India gaining 2.4 per cent. Auto stocks led gains in the Nifty as their main sub-index rose 1.30 per cent. Shares of Tata Motors advanced 4.22 per cent, while Maruti Suzuki climbed 2.40 per cent. The biggest laggards on the Nifty were Bharti Infratel Ltd, Cipla Ltd and Larsen & Toubro Ltd. Bharti Infratel fell 3.16 per cent, Cipla Ltd was down 2.02 per cent, while Larsen & Toubro Ltd lost 2.02 per cent.

Sensex, Nifty end higher as US-China trade hopes lift investor sentiment

Indian markets: Sensex breaches the 41,000 mark for the first time. Watch video to know more.

Indian markets: Sensex breaches the 41,000 mark for the first time

<a href="https://www.wionews.com/business-economy/indian-markets-end-big-as-bse-sensex-hits-lifetime-high-264376">Sensex opened over 200 points up</a> today, breaching the 41,000 mark for the first time in its history.&nbsp;

BSE Sensex currently stands at a lifetime high of 41,102.29 points after surging&nbsp;216 points or 0.53 per cent over the previous close. NSE Nifty gained 51 points or 0.42 per cent to go up&nbsp;12,126 points.&nbsp;

Top gainers included Hindalco (1.54 per cent gain), Tata Steel (1.66 per cent), Yes Bank (2.12 per cent), ICICI Bank (1.46 per cent), Sun Pharma (1.24 per cent).

The top losers were&nbsp;Bharti Infratel (which dropped by 4.42 per cent), Zee Entertainment (2.41 per cent), Bharti Airtel&nbsp;(1.79 per cent), Nestle (1.23 per cent), and Grasim (0.82 per cent).&nbsp;

On Saturday, US national security adviser Robert O'Brien had said an initial trade deal with China was still possible by the end of 2019 as a result&nbsp;Indian shares rose yesterday, led by metals and real estate stocks, while gains in broader Asia on hopes of progress in the US-China trade talks also boosted sentiment.&nbsp;

On Monday, Bharti Airtel was the biggest gainer in the Sensex pack with a rise of 7.20 per cent in its share value after telecom companies moved to Supreme Court regarding payment of Rs 92,000 crore dues to Department of Telecom.&nbsp;

Tata Steel, IndusInd Bank, Axis Bank, HDFC, Maruti and Tata Motors were the major gainers in the Sensex pack on Monday. In the Nifty, Bharti Airtel, Bharti Infratel, Tata Steel and Hindalco were the top earners. Only two stocks in the 30-share index ended in&nbsp;red.&nbsp;

Earlier, the <a href="https://www.wionews.com/business-economy/indian-markets-end-big-as-bse-sensex-hits-lifetime-high-264376">30-share-index</a>&nbsp;had touched a record high of 40,931.71 points in intraday trade.&nbsp;

(With inputs from agencies)

Sensex opened over 200 points up today, breaching the 41,000 mark for the first time in its history. BSE Sensex currently stands at a lifetime high of 41,102.29 points after surging 216 points or 0.

Sensex opened over 200 points up today, breaching the 41,000 mark for the first time in its history. BSE Sensex currently stands at a lifetime high of 41,102.29 points after surging 216 points or 0.53 per cent over the previous close. NSE Nifty gained 51 points or 0.42 per cent to go up 12,126 points. Top gainers included Hindalco (1.54 per cent gain), Tata Steel (1.66 per cent), Yes Bank (2.12 per cent), ICICI Bank (1.46 per cent), Sun Pharma (1.24 per cent). The top losers were Bharti Infratel (which dropped by 4.42 per cent), Zee Entertainment (2.41 per cent), Bharti Airtel (1.79 per cent), Nestle (1.23 per cent), and Grasim (0.82 per cent). On Saturday, US national security adviser Robert O'Brien had said an initial trade deal with China was still possible by the end of 2019 as a result Indian shares rose yesterday, led by metals and real estate stocks, while gains in broader Asia on hopes of progress in the US-China trade talks also boosted sentiment. On Monday, Bharti Airtel was the biggest gainer in the Sensex pack with a rise of 7.20 per cent in its share value after telecom companies moved to Supreme Court regarding payment of Rs 92,000 crore dues to Department of Telecom. Tata Steel, IndusInd Bank, Axis Bank, HDFC, Maruti and Tata Motors were the major gainers in the Sensex pack on Monday. In the Nifty, Bharti Airtel, Bharti Infratel, Tata Steel and Hindalco were the top earners. Only two stocks in the 30-share index ended in red. Earlier, the 30-share-index had touched a record high of 40,931.71 points in intraday trade. (With inputs from agencies)

Sensex hits all-time high, breaches 41K mark

After opening with <a href="https://www.wionews.com/business-economy/sensex-hits-all-time-high-breaches-41k-mark-264523">record gains</a>, Indian ended lower due to losses in the IT sector even though global markets reacted positively on the hope of US-China trade deal. &nbsp;

The BSE Sensex lost 67.93 points or 0.17 per cent lower to end at 40,821, while NSE Nifty fell 36.05 points or 0.30 per cent to close at 12,006.35.

Earlier on the day, Sensex opened with a rise of 200 points to breach 41,000 mark for the first time in its history. NSE 50 also touched a lifetime high of 12,132.45 in the early trade.

ICICI Bank was the biggest gainer in both Sensex and Nifty 50. Shares of IndusInd Bank, Tata Steel, HDFC, Hero Moto Co, HDFC, Asian Paints and &nbsp;HUL also ended in green in the Sensex pack. Reliance Industries, Kotak Bank and SBI were the top losers.

GAIL, IndusInd Bank, Dr Reddy, among others were the winners, while, Infratel, Airtel and Grasim were the major losers in Nifty 50. Bharti Aritel's shares dropped 4.3 per cent after the credit rating agency ICRA, downgraded its rating from "AA" to "AA-".&nbsp;

IT shares fell after the rupee firmed to 71.5387 against the US dollar. The Nifty IT index closed 1.18% lower, with India's second-most valuable company TCS losing 1.67%.

Earlier on Monday, BSE Sensex closed with a lifetime high of 40,889.23, while, NSE Nifty rose 164.10 points or 1.38 per cent to settle at 12,078.50 points.&nbsp;

(with inputs from agencies)

After opening with record gains, Indian ended lower due to losses in the IT sector even though global markets reacted positively on the hope of US-China trade deal.

After opening with record gains, Indian ended lower due to losses in the IT sector even though global markets reacted positively on the hope of US-China trade deal. The BSE Sensex lost 67.93 points or 0.17 per cent lower to end at 40,821, while NSE Nifty fell 36.05 points or 0.30 per cent to close at 12,006.35. Earlier on the day, Sensex opened with a rise of 200 points to breach 41,000 mark for the first time in its history. NSE 50 also touched a lifetime high of 12,132.45 in the early trade. ICICI Bank was the biggest gainer in both Sensex and Nifty 50. Shares of IndusInd Bank, Tata Steel, HDFC, Hero Moto Co, HDFC, Asian Paints and HUL also ended in green in the Sensex pack. Reliance Industries, Kotak Bank and SBI were the top losers. GAIL, IndusInd Bank, Dr Reddy, among others were the winners, while, Infratel, Airtel and Grasim were the major losers in Nifty 50. Bharti Aritel's shares dropped 4.3 per cent after the credit rating agency ICRA, downgraded its rating from "AA" to "AA-". IT shares fell after the rupee firmed to 71.5387 against the US dollar. The Nifty IT index closed 1.18% lower, with India's second-most valuable company TCS losing 1.67%. Earlier on Monday, BSE Sensex closed with a lifetime high of 40,889.23, while, NSE Nifty rose 164.10 points or 1.38 per cent to settle at 12,078.50 points. (with inputs from agencies)

Indian markets end lower after Sensex, Nifty touch record high

Indian markets ended with massive gains on Friday due to positive cues from US-China trade agreement. &nbsp;

<a href="https://www.wionews.com/business-economy/sensex-nifty-track-broader-asia-higher-metal-stocks-gain-264364">BSE Sensex</a> ended with a lifetime high of 40,889.23&nbsp;points after grabbing 529.82 points or 1.31 per cent over the previous close. NSE Nifty gained 164.10 points or 1.38 per cent to settle at 12,078.50 points.&nbsp;

Earlier, the 30-share-index touched a record high of 40,931.71 points intraday.&nbsp;

On Saturday, US national security adviser Robert O'Brien said an initial trade deal with China was still possible by the end of 2019.&nbsp;

Bharti Airtel was the biggest gainer in the Sensex pack with a rise of 7.20 per cent in its share value after telecom companies moved to Supreme Court regarding payment of Rs 92,000 crore dues to Department of Telecom.&nbsp;

Tata Steel, IndusInd Bank, Axis Bank, HDFC, Maruti and Tata Motors were the major gainers in the Sensex pack. In the Nifty pack, Bharti Airtel,&nbsp;Bharti Infratel, Tata Steel and Hindalco were the top earners. Only two stocks in the 30-share index ended on red.&nbsp;

The Nifty Metal index rose 3.48 per cent at the day's highest level, which is its biggest percentage jump in more than five weeks.

On Friday, BSE Sensex closed 40,359.4o, while Nifty ended at 11,914.40.

Indian markets ended with massive gains on Friday due to positive cues from US-China trade agreement. BSE Sensex ended with a lifetime high of 40,889.23 points after grabbing 529.

Indian markets ended with massive gains on Friday due to positive cues from US-China trade agreement. BSE Sensex ended with a lifetime high of 40,889.23 points after grabbing 529.82 points or 1.31 per cent over the previous close. NSE Nifty gained 164.10 points or 1.38 per cent to settle at 12,078.50 points. Earlier, the 30-share-index touched a record high of 40,931.71 points intraday. On Saturday, US national security adviser Robert O'Brien said an initial trade deal with China was still possible by the end of 2019. Bharti Airtel was the biggest gainer in the Sensex pack with a rise of 7.20 per cent in its share value after telecom companies moved to Supreme Court regarding payment of Rs 92,000 crore dues to Department of Telecom. Tata Steel, IndusInd Bank, Axis Bank, HDFC, Maruti and Tata Motors were the major gainers in the Sensex pack. In the Nifty pack, Bharti Airtel, Bharti Infratel, Tata Steel and Hindalco were the top earners. Only two stocks in the 30-share index ended on red. The Nifty Metal index rose 3.48 per cent at the day's highest level, which is its biggest percentage jump in more than five weeks. On Friday, BSE Sensex closed 40,359.4o, while Nifty ended at 11,914.40.

Indian markets end big as BSE Sensex hits lifetime high

Indian shares rose on Monday, led by metals and real estate stocks, while gains in broader Asia on hopes of progress in the <a href="https://www.wionews.com/world/no-phase-two-us-china-deal-on-the-horizon-officials-say-264312">US-China trade talks</a> also boosted sentiment.

The NSE Nifty 50 index rose 0.3 per cent&nbsp;at 11,946.90, while the S&amp;P BSE&nbsp;Sensex&nbsp;was up 0.27 per cent&nbsp;at 40,472.53.

MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.8 per cent&nbsp;after US&nbsp;national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year.

O'Brien, however, warned Washington would not turn a blind eye to what happens in Hong Kong, which added to worries that a Chinese crackdown on anti-government protests in Hong Kong could further complicate the talks.

In the domestic markets, the Nifty Metals index rose about 1.6 per cent, while the Nifty Realty index advanced 1.8 per cent&nbsp;in early trading.

Steelmakers JSW Steel and Tata Steel were the top gainers on the Nifty, rising about 2.5 per cent&nbsp;each, after prices of metals rose on positive signals from Washington on China.

Zee Entertainment lost 2.69 per cent&nbsp;and was the top loser on the Nifty.

Indian shares rose on Monday, led by metals and real estate stocks, while gains in broader Asia on hopes of progress in the US-China trade talks also boosted sentiment.

Indian shares rose on Monday, led by metals and real estate stocks, while gains in broader Asia on hopes of progress in the US-China trade talks also boosted sentiment. The NSE Nifty 50 index rose 0.3 per cent at 11,946.90, while the S&P BSE Sensex was up 0.27 per cent at 40,472.53. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.8 per cent after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year. O'Brien, however, warned Washington would not turn a blind eye to what happens in Hong Kong, which added to worries that a Chinese crackdown on anti-government protests in Hong Kong could further complicate the talks. In the domestic markets, the Nifty Metals index rose about 1.6 per cent, while the Nifty Realty index advanced 1.8 per cent in early trading. Steelmakers JSW Steel and Tata Steel were the top gainers on the Nifty, rising about 2.5 per cent each, after prices of metals rose on positive signals from Washington on China. Zee Entertainment lost 2.69 per cent and was the top loser on the Nifty.

Sensex, Nifty track broader Asia higher; metal stocks gain

Indian shares ended lower on Friday, dragged by losses in information technology stocks, as global investors were cautious about mixed signals surrounding the US-China trade deal.

The Nifty ended 0.45 per cent&nbsp;lower at 11,914.40, while the Sensex was down 0.53 per cent at 40,395.41. For the week, the Nifty and Sensex edged up 0.16 per cent and 0.01 per cent, respectively.

China said it was willing to work with the United States to resolve core trade concerns, but the US&nbsp;bills backing protesters in Hong Kong, which President Donald Trump is expected to sign, seemed to undermine planned trade talks between the world's two largest economies.

In the domestic market, the Nifty IT index ended 1.95&nbsp;per cent&nbsp;lower, led by losses among heavyweights such as Infosys and Tata Consultancy Services, down 2.85 per cent and 2.41 per cent respectively.

Tata Steel was the top gainer and rose 3.87 per cent.

Indian shares ended lower on Friday, dragged by losses in information technology stocks, as global investors were cautious about mixed signals surrounding the US-China trade deal.

Indian shares ended lower on Friday, dragged by losses in information technology stocks, as global investors were cautious about mixed signals surrounding the US-China trade deal. The Nifty ended 0.45 per cent lower at 11,914.40, while the Sensex was down 0.53 per cent at 40,395.41. For the week, the Nifty and Sensex edged up 0.16 per cent and 0.01 per cent, respectively. China said it was willing to work with the United States to resolve core trade concerns, but the US bills backing protesters in Hong Kong, which President Donald Trump is expected to sign, seemed to undermine planned trade talks between the world's two largest economies. In the domestic market, the Nifty IT index ended 1.95 per cent lower, led by losses among heavyweights such as Infosys and Tata Consultancy Services, down 2.85 per cent and 2.41 per cent respectively. Tata Steel was the top gainer and rose 3.87 per cent.

Nifty, Sensex end lower; IT stocks slump

After globalisation, trends show that foreign investors gravitate towards emerging markets and India is no exception. Since investors buy when prices are low and sell after prices increase, India’s entrepreneurship boom has attracted massive foreign investment. This, in turn, has increased liquidity in local markets and expanded India’s investor base overall.&nbsp;

Great news. Now there is a bigger question. Many critics state that this is just a temporary ‘surge’ and this amount of foreign investment will not last for long, particularly during economic slowdowns. However, there are ways that the central government can ensure that foreign investment can be long-term. Looking at some of the major determinants for current foreign investment may help give a clearer indication of what can be done for guaranteed longstanding foreign investment in the country. &nbsp;

Volatility

A major determinant of foreign investment is volatility in the Indian capital market. While volatility introduces risk for investors, it also potentially means superior returns. Experts have quoted many factors for volatility in India including the US ripple effect, a fiscal slippage (in terms of deficit target), a rise in crude oil prices (India is highly dependent on oil for its energy; rises negatively affect the entire country) and new budget proposals (especially with India’s budget session coming up in the next few weeks). Despite this, foreign investors are attracted because India proves to be a prime example of a pre-downturn emerging market. With its young population and a strong GDP, India is by far the world’s fastest-growing economy. Another strong reason attracting foreign investors is aggressive action by the Narendra Modi government. The Modi 1.0 and 2.0 government have shown that the Centre is looking at long term economic well-being and not short term gain for political capital. For example, India is the only emerging market that pays for its commodities (ie. oil) abroad in local rupees rather than using the US dollar. This means that India’s capital investment, even in the future, is not dependant on the US dollar. &nbsp;&nbsp;

The amount of foreign investment looks fantastic in the short term. In order to maintain a high level of overseas investment in India consistently, the government can take several steps to maximize long term gain. One idea is to enforce more specific regulations like applying a selective control measure for foreign investment flow. Tax measures would also keep attracting investors, especially during economic growth slowdowns. Additionally, appropriate policy rules and regulations would also prevent existing foreign companies and MNCs in India to dominate retail trade.&nbsp;

This, in turn, would encourage Indian start-ups to enter the playing field which also keeps investors interested. &nbsp;

Easing Restrictions

Another way to ensure long term foreign investment is to ease restrictions on FDI by joint ventures as well as owned subsidiaries of Indian companies. The existing legal framework under Foreign Exchange Management Act (FEMA) does not allow for FDI by an overseas joint venture or Indian wholly-owned subsidiary without RBI approval. There are also restrictions on Indian firms investing overseas in foreign firms. Overseas direct investment is crucial, especially in times of economic growth slowdown and a lack of investment by the Indian corporate sector. This would help increase foreign funds into Indian business activities. India’s investment in foreign entities would also lead to long term interests overseas which in turn helps foreign investment flow in. &nbsp;

Market Capitalisation

The capitalisation of publicly traded companies is another major determinant of foreign investment flow because it increases it. This capitalisation is important to long term because, over time, a firm increases good performance and an increase in employees. Market capitalisation can also positively and significantly impact GDP growth. But for this, India needs more clarity. Many market experts blame weak availability of domestic data as a huge blow to the stock market. To add to that, the weakening of the Indian rupee, over-taxing foreign portfolio investors and poor corporate earnings also contribute to weaker market sentiment. &nbsp;

Continued focus should be given by the government on a stock market that aims for economic development. This would help attract long term foreign investment. Examples of this are agriculture, green energy and aviation. A controlled and consistent Indian capital market would be irresistible to international portfolio investors. Development based investment is also generally aimed for long term gain and would, therefore, be mutually beneficial for India as well as for overseas investors.&nbsp; &nbsp; 
 
Conclusion

Of course, there are other determinants for foreign investment in India including unforeseen circumstances that can potentially occur. But it is promising to note that the central government is focusing on long term economic stability versus short term gains. For example, this can be seen with PM Narendra Modi’s aggressive focus on development via infrastructure, aviation, diversifying exports, expanding foreign policy, health-care, education, etc. Continued progress at the grassroots level through projects like the Awas Yojana, Ujjwala Yojana and Ayushman Bharat also eventually help the economy by developing the country. &nbsp;

Eventually, as the market becomes regulated with active foreign investors, financial policies should focus on allocating resources and maintaining a healthy financial market. With patience comes great things. As a young, working professional in India, I would rather take a few economic road bumps now in order to gain a strong, diversified and stable market in the near future. It is sad that critics and even experts in the field do not share this patience. Rather, they choose to publish their stances only considering short term conditions. &nbsp;

&nbsp;(Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL)

After globalisation, trends show that foreign investors gravitate towards emerging markets and India is no exception. Since investors buy when prices are low and sell after prices increase, India’s entrepreneurship boom has attracted massive foreign investment.

After globalisation, trends show that foreign investors gravitate towards emerging markets and India is no exception. Since investors buy when prices are low and sell after prices increase, India’s entrepreneurship boom has attracted massive foreign investment. This, in turn, has increased liquidity in local markets and expanded India’s investor base overall. Great news. Now there is a bigger question. Many critics state that this is just a temporary ‘surge’ and this amount of foreign investment will not last for long, particularly during economic slowdowns. However, there are ways that the central government can ensure that foreign investment can be long-term. Looking at some of the major determinants for current foreign investment may help give a clearer indication of what can be done for guaranteed longstanding foreign investment in the country. Volatility A major determinant of foreign investment is volatility in the Indian capital market. While volatility introduces risk for investors, it also potentially means superior returns. Experts have quoted many factors for volatility in India including the US ripple effect, a fiscal slippage (in terms of deficit target), a rise in crude oil prices (India is highly dependent on oil for its energy; rises negatively affect the entire country) and new budget proposals (especially with India’s budget session coming up in the next few weeks). Despite this, foreign investors are attracted because India proves to be a prime example of a pre-downturn emerging market. With its young population and a strong GDP, India is by far the world’s fastest-growing economy. Another strong reason attracting foreign investors is aggressive action by the Narendra Modi government. The Modi 1.0 and 2.0 government have shown that the Centre is looking at long term economic well-being and not short term gain for political capital. For example, India is the only emerging market that pays for its commodities (ie. oil) abroad in local rupees rather than using the US dollar. This means that India’s capital investment, even in the future, is not dependant on the US dollar. The amount of foreign investment looks fantastic in the short term. In order to maintain a high level of overseas investment in India consistently, the government can take several steps to maximize long term gain. One idea is to enforce more specific regulations like applying a selective control measure for foreign investment flow. Tax measures would also keep attracting investors, especially during economic growth slowdowns. Additionally, appropriate policy rules and regulations would also prevent existing foreign companies and MNCs in India to dominate retail trade. This, in turn, would encourage Indian start-ups to enter the playing field which also keeps investors interested. Easing Restrictions Another way to ensure long term foreign investment is to ease restrictions on FDI by joint ventures as well as owned subsidiaries of Indian companies. The existing legal framework under Foreign Exchange Management Act (FEMA) does not allow for FDI by an overseas joint venture or Indian wholly-owned subsidiary without RBI approval. There are also restrictions on Indian firms investing overseas in foreign firms. Overseas direct investment is crucial, especially in times of economic growth slowdown and a lack of investment by the Indian corporate sector. This would help increase foreign funds into Indian business activities. India’s investment in foreign entities would also lead to long term interests overseas which in turn helps foreign investment flow in. Market Capitalisation The capitalisation of publicly traded companies is another major determinant of foreign investment flow because it increases it. This capitalisation is important to long term because, over time, a firm increases good performance and an increase in employees. Market capitalisation can also positively and significantly impact GDP growth. But for this, India needs more clarity. Many market experts blame weak availability of domestic data as a huge blow to the stock market. To add to that, the weakening of the Indian rupee, over-taxing foreign portfolio investors and poor corporate earnings also contribute to weaker market sentiment. Continued focus should be given by the government on a stock market that aims for economic development. This would help attract long term foreign investment. Examples of this are agriculture, green energy and aviation. A controlled and consistent Indian capital market would be irresistible to international portfolio investors. Development based investment is also generally aimed for long term gain and would, therefore, be mutually beneficial for India as well as for overseas investors. Conclusion Of course, there are other determinants for foreign investment in India including unforeseen circumstances that can potentially occur. But it is promising to note that the central government is focusing on long term economic stability versus short term gains. For example, this can be seen with PM Narendra Modi’s aggressive focus on development via infrastructure, aviation, diversifying exports, expanding foreign policy, health-care, education, etc. Continued progress at the grassroots level through projects like the Awas Yojana, Ujjwala Yojana and Ayushman Bharat also eventually help the economy by developing the country. Eventually, as the market becomes regulated with active foreign investors, financial policies should focus on allocating resources and maintaining a healthy financial market. With patience comes great things. As a young, working professional in India, I would rather take a few economic road bumps now in order to gain a strong, diversified and stable market in the near future. It is sad that critics and even experts in the field do not share this patience. Rather, they choose to publish their stances only considering short term conditions. (Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL)

Ensuring long term foreign investment in India

Indian shares ended lower on Thursday, dragged down by public sector stocks, as investors booked profits after the Nifty 50 index hit a multi-month high in the previous session.

The NSE Nifty 50 index ended 0.3 per cent lower at 11,968.40, while the S&amp;P BSE Sensex was down 0.2 per cent at 40,578.34.

In the previous session, the Nifty 50 index had hit its highest since June 6 and analysts said the market was consolidating as it tries to surpass previous highs.

The Nifty public sector bank index, energy index and metal index were top losers, falling 1.5 per cent to 2.2 per cent.

Zee Entertainment Enterprises ended up 12.4 per cent and was the top gainer on the Nifty index, while Bharat Petroleum Corp ended down 5.60 per cent and was the top loser.

The government agreed to sell stakes in five state-run companies, including oil refiner Bharat Petroleum Corp (BPCL), the finance minister said on Wednesday, a move that could help bridge a widening fiscal gap.

Meanwhile, Japan's Sony Corp is in talks to buy a stake in India's Network18 Media &amp; Investments Ltd, Bloomberg reported on Thursday, sending shares in billionaire Mukesh Ambani's TV business as much as 18 per cent higher.

Indian shares ended lower on Thursday, dragged down by public sector stocks, as investors booked profits after the Nifty 50 index hit a multi-month high in the previous session.

Indian shares ended lower on Thursday, dragged down by public sector stocks, as investors booked profits after the Nifty 50 index hit a multi-month high in the previous session. The NSE Nifty 50 index ended 0.3 per cent lower at 11,968.40, while the S&P BSE Sensex was down 0.2 per cent at 40,578.34. In the previous session, the Nifty 50 index had hit its highest since June 6 and analysts said the market was consolidating as it tries to surpass previous highs. The Nifty public sector bank index, energy index and metal index were top losers, falling 1.5 per cent to 2.2 per cent. Zee Entertainment Enterprises ended up 12.4 per cent and was the top gainer on the Nifty index, while Bharat Petroleum Corp ended down 5.60 per cent and was the top loser. The government agreed to sell stakes in five state-run companies, including oil refiner Bharat Petroleum Corp (BPCL), the finance minister said on Wednesday, a move that could help bridge a widening fiscal gap. Meanwhile, Japan's Sony Corp is in talks to buy a stake in India's Network18 Media & Investments Ltd, Bloomberg reported on Thursday, sending shares in billionaire Mukesh Ambani's TV business as much as 18 per cent higher.

Sensex, Nifty end lower; BPCL top loser

Indian shares&nbsp;inched&nbsp;lower&nbsp;on Thursday as investors booked profits after the government said it had approved stake sales in some state-run companies, while&nbsp;Zee&nbsp;Entertainment Enterprises surged on the promoter group's plan to pare holdings.

The government agreed to sell stakes in five state-run companies, including oil refiner <a href="https://www.wionews.com/business-economy/india-to-offload-bharat-petroleum-in-state-stake-sell-off-263518">Bharat Petroleum Corp</a> (BPCL), its finance minister said on Wednesday, a move that could help bridge a widening fiscal gap.

"A lot of good news is already factored into prices. It's actually bought on the rumour and sell on the news," said Sunil Sharma, chief investment officer at Sanctum Wealth Management in Mumbai.

"Markets are basically fighting to reach new highs. What we actually need to see now is a little bit of improvement in economic news."

The <a href="https://www.wionews.com/business-economy/nifty-sensex-edge-higher-bank-telecom-stocks-gain-263079">NSE&nbsp;Nifty&nbsp;50&nbsp;</a>index fell 0.2 per cent&nbsp;to 11,978, while the S&amp;P BSE&nbsp;Sensex&nbsp;was down 0.1 per cent&nbsp;at 40,630.16.

On Wednesday, the government also allowed telecom operators to defer payments due for airwaves bought via auction until the end of March 2022, giving some respite after a court ruled they must pay overdue levies and interest of nearly $13 billion.

Bharti Airtel and Vodafone Idea have warned that their operations may be under threat unless the government stops hitting operators with higher taxes and charges.

Meanwhile, the central bank said on Wednesday it would begin bankruptcy proceedings against Dewan Housing Finance Corp (DHFL).

DHFL owes its lenders nearly 1 trillion rupees ($14 billion), including several mutual funds, banks, pension funds, insurance firms and retail investors.

Zee&nbsp;Entertainment Enterprises surged 7.50 per cent&nbsp;and was the&nbsp;top&nbsp;gainer&nbsp;in the&nbsp;Nifty&nbsp;50 after promoter <a href="https://www.wionews.com/india-news/prime-minister-narendra-modi-to-address-conclave-of-accountants-in-delhi-today-263523">Essel Group</a> said on Wednesday it was planning to sell about 16.5 per cent&nbsp;stake in the company.

Indian shares inched lower on Thursday as investors booked profits after the government said it had approved stake sales in some state-run companies, while Zee Entertainment Enterprises surged on the promoter group's plan to pare holdings.

Indian shares inched lower on Thursday as investors booked profits after the government said it had approved stake sales in some state-run companies, while Zee Entertainment Enterprises surged on the promoter group's plan to pare holdings. The government agreed to sell stakes in five state-run companies, including oil refiner Bharat Petroleum Corp (BPCL), its finance minister said on Wednesday, a move that could help bridge a widening fiscal gap. "A lot of good news is already factored into prices. It's actually bought on the rumour and sell on the news," said Sunil Sharma, chief investment officer at Sanctum Wealth Management in Mumbai. "Markets are basically fighting to reach new highs. What we actually need to see now is a little bit of improvement in economic news." The NSE Nifty 50 index fell 0.2 per cent to 11,978, while the S&P BSE Sensex was down 0.1 per cent at 40,630.16. On Wednesday, the government also allowed telecom operators to defer payments due for airwaves bought via auction until the end of March 2022, giving some respite after a court ruled they must pay overdue levies and interest of nearly $13 billion. Bharti Airtel and Vodafone Idea have warned that their operations may be under threat unless the government stops hitting operators with higher taxes and charges. Meanwhile, the central bank said on Wednesday it would begin bankruptcy proceedings against Dewan Housing Finance Corp (DHFL). DHFL owes its lenders nearly 1 trillion rupees ($14 billion), including several mutual funds, banks, pension funds, insurance firms and retail investors. Zee Entertainment Enterprises surged 7.50 per cent and was the top gainer in the Nifty 50 after promoter Essel Group said on Wednesday it was planning to sell about 16.5 per cent stake in the company.

Nifty, Sensex inch lower; Zee top gainer in Nifty 50

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