Benchmark indices opened on a choppy note Friday on negative global cues amid fears of a potential <a href="http://www.wionews.com/world/trump-refuses-to-sign-us-government-shutdown-legislation-over-mexico-wall-funding-185571">US government shutdown</a> and rising tension between the US and China.

After falling over 100 points in the opening session, the 30-share Sensex was trading 14.82 points or 0.04 per cent, higher at 36,416.85. The index had finished 52.66 points, or 0.14 per cent, lower at 36,431.67 Thursday.

The NSE Nifty, too, was trading 2.25 points, or 0.02 per cent, lower at 10,949.45.

Domestic and other Asian stocks followed Wall Street that fell sharply after US President Donald Trump's demand for border wall funds pushed the federal government closer to a shutdown.

Also read: <a href="http://www.wionews.com/business-economy/wall-street-stocks-slump-over-us-government-shutdown-fears-185583">Wall Street stocks slump over US government shutdown fears</a>

The White House said Trump will not travel to Florida Friday for the Christmas holiday if the government is shutting down. More than 8,00,000 federal workers will be facing furloughs or forced to work without pay if a resolution is not reached before funding expires at midnight Friday.

Meanwhile, China accused the US of fabricating facts after the US Justice Department indicted two hackers tied to Chinese security services who allegedly targeted companies and agencies in a dozen countries, adding fuel to the rift between the two countries, experts said.

Top losers include Infosys, Asian Paints, HDFC, TCS, PowerGrid, Bajaj Auto and Hero MotoCorp, shedding up to 2 per cent.

While the gainers include Airtel, M&amp;M, Tata Motors, Tata Steel, Adani Ports and Vedanta, rising up to 2 per cent.

The rupee, meanwhile, weakened against the US dollar, and was trading at 70.05 a dollar.

Brent crude, the international benchmark, was trading 1.07 per cent higher at USD 54.93 per barrel.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 386.44 crore Thursday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs

87.96 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was down 0.15 per cent, Japan's Nikkei fell 1 per cent and Shanghai Composite Index edged lower by 1.01 per cent in early trade.

On Wall Street, the US Dow Jones Industrial Average ended 464.06 points, or 1.99 per cent, lower at 22,859.60 Thursday.&nbsp;

Benchmark indices opened on a choppy note Friday on negative global cues amid fears of a potential US government shutdown and rising tension between the US and China.

Benchmark indices opened on a choppy note Friday on negative global cues amid fears of a potential US government shutdown and rising tension between the US and China. After falling over 100 points in the opening session, the 30-share Sensex was trading 14.82 points or 0.04 per cent, higher at 36,416.85. The index had finished 52.66 points, or 0.14 per cent, lower at 36,431.67 Thursday. The NSE Nifty, too, was trading 2.25 points, or 0.02 per cent, lower at 10,949.45. Domestic and other Asian stocks followed Wall Street that fell sharply after US President Donald Trump's demand for border wall funds pushed the federal government closer to a shutdown. Also read: Wall Street stocks slump over US government shutdown fears The White House said Trump will not travel to Florida Friday for the Christmas holiday if the government is shutting down. More than 8,00,000 federal workers will be facing furloughs or forced to work without pay if a resolution is not reached before funding expires at midnight Friday. Meanwhile, China accused the US of fabricating facts after the US Justice Department indicted two hackers tied to Chinese security services who allegedly targeted companies and agencies in a dozen countries, adding fuel to the rift between the two countries, experts said. Top losers include Infosys, Asian Paints, HDFC, TCS, PowerGrid, Bajaj Auto and Hero MotoCorp, shedding up to 2 per cent. While the gainers include Airtel, M&M, Tata Motors, Tata Steel, Adani Ports and Vedanta, rising up to 2 per cent. The rupee, meanwhile, weakened against the US dollar, and was trading at 70.05 a dollar. Brent crude, the international benchmark, was trading 1.07 per cent higher at USD 54.93 per barrel. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 386.44 crore Thursday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 87.96 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng was down 0.15 per cent, Japan's Nikkei fell 1 per cent and Shanghai Composite Index edged lower by 1.01 per cent in early trade. On Wall Street, the US Dow Jones Industrial Average ended 464.06 points, or 1.99 per cent, lower at 22,859.60 Thursday.

Sensex falls 100 points in early trade amid US government shutdown tension

Benchmark equity indices witnessed heavy selloff Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.

The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754&nbsp;as the possibility of a US&nbsp;government shutdown and further rate hikes by the Federal Reserve next year made investors jittery.

The 30-share index ended the week 527.93 points lower, while the broader Nifty lost 134 points.

The equity market witnessed selling ahead of the weekend, mainly due to fears of lower global economic growth in the coming year, said Joseph Thomas, Head Research- Emkay Wealth Management.

Concerns over the rupee also loomed over IT and tech stocks, analysts said.

Benchmark indices <a href="http://www.wionews.com/business-economy/sensex-falls-100-points-in-early-hours-amid-us-government-shutdown-tension-185589">opened on a choppy note Friday on negative global cues </a>amid fears of a potential US government shutdown and rising tension between the US and China.

After falling over 100 points in the opening session, the 30-share Sensex was trading 14.82 points or 0.04 per cent, higher at 36,416.85. The index had finished 52.66 points, or 0.14 per cent, lower at 36,431.67 Thursday.

The NSE Nifty, too, was trading 2.25 points, or 0.02 per cent, lower at 10,949.45.

Domestic and other Asian stocks followed Wall Street that fell sharply after US President Donald Trump's demand for border wall funds pushed the federal government closer to a shutdown.

The White House said Trump will not travel to Florida Friday for the Christmas holiday if the government is shutting down. More than 8,00,000 federal workers will be facing furloughs or forced to work without pay if a resolution is not reached before funding expires at midnight Friday.

Meanwhile, China accused the US of fabricating facts after the US Justice Department indicted two hackers tied to Chinese security services who allegedly targeted companies and agencies in a dozen countries, adding fuel to the rift between the two countries, experts said.

Benchmark equity indices witnessed heavy selloff Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.

Benchmark equity indices witnessed heavy selloff Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets. The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754 as the possibility of a US government shutdown and further rate hikes by the Federal Reserve next year made investors jittery. The 30-share index ended the week 527.93 points lower, while the broader Nifty lost 134 points. The equity market witnessed selling ahead of the weekend, mainly due to fears of lower global economic growth in the coming year, said Joseph Thomas, Head Research- Emkay Wealth Management. Concerns over the rupee also loomed over IT and tech stocks, analysts said. Benchmark indices opened on a choppy note Friday on negative global cues amid fears of a potential US government shutdown and rising tension between the US and China. After falling over 100 points in the opening session, the 30-share Sensex was trading 14.82 points or 0.04 per cent, higher at 36,416.85. The index had finished 52.66 points, or 0.14 per cent, lower at 36,431.67 Thursday. The NSE Nifty, too, was trading 2.25 points, or 0.02 per cent, lower at 10,949.45. Domestic and other Asian stocks followed Wall Street that fell sharply after US President Donald Trump's demand for border wall funds pushed the federal government closer to a shutdown. The White House said Trump will not travel to Florida Friday for the Christmas holiday if the government is shutting down. More than 8,00,000 federal workers will be facing furloughs or forced to work without pay if a resolution is not reached before funding expires at midnight Friday. Meanwhile, China accused the US of fabricating facts after the US Justice Department indicted two hackers tied to Chinese security services who allegedly targeted companies and agencies in a dozen countries, adding fuel to the rift between the two countries, experts said.

Sensex plunges nearly 700 points amid fears of US government shutdown

The rupee weakened on Thursday tracking Asian peers after the <a href="http://www.wionews.com/business-economy/us-federal-reserve-hikes-interest-rates-wall-street-stocks-tumble-185385">US Federal Reserve's&nbsp;statement hiking interest rates</a> fourth time this year.

The rupee was at 70.57 to the dollar in early trade after opening at 70.68 and weaker than Wednesday's close of 70.39.&nbsp;

On Wednesday, the rupee had settled 5 paise higher at 70.39 against the US dollar.

Foreign funds bought shares worth Rs 1,209.21 crore from the capital markets on net basis on Wednesday, while domestic institutional investors sold shares worth Rs 481.46 crore, provisional data showed.

After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the US central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong.

US stocks and bond yields fell hard. With the Fed signalling "some further gradual" rate hikes and no break from cutting its massive bond portfolio, traders fretted that policymakers could choke off economic growth.

Wall Street stocks fell sharply after the Federal Reserve lifted interest rates. The Dow, which had been up nearly 300 points prior to the decision, finished down 350 points, or 1.5 per cent, at 23,323.66. It meant the blue-chip index was at its lowest level of 2018.

The global benchmark, Brent crude oil was trading at $56.49 per barrel, lower by 1.31 per cent.

Meanwhile, the domestic equity market opened on a weaker note. The 30-share<a href="http://www.wionews.com/business-economy/sensex-opens-in-red-after-us-federal-rate-hike-185410"> BSE benchmark Sensex was trading at 36,305.11, down 179.22 points </a>in early trade. The wide-based Nifty was also trading lower by 51.95 points at 10,915.35. 
&nbsp;

The rupee weakened on Thursday tracking Asian peers after the US Federal Reserve's statement hiking interest rates fourth time this year. The rupee was at 70.57 to the dollar in early trade after opening at 70.

The rupee weakened on Thursday tracking Asian peers after the US Federal Reserve's statement hiking interest rates fourth time this year. The rupee was at 70.57 to the dollar in early trade after opening at 70.68 and weaker than Wednesday's close of 70.39. On Wednesday, the rupee had settled 5 paise higher at 70.39 against the US dollar. Foreign funds bought shares worth Rs 1,209.21 crore from the capital markets on net basis on Wednesday, while domestic institutional investors sold shares worth Rs 481.46 crore, provisional data showed. After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the US central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong. US stocks and bond yields fell hard. With the Fed signalling "some further gradual" rate hikes and no break from cutting its massive bond portfolio, traders fretted that policymakers could choke off economic growth. Wall Street stocks fell sharply after the Federal Reserve lifted interest rates. The Dow, which had been up nearly 300 points prior to the decision, finished down 350 points, or 1.5 per cent, at 23,323.66. It meant the blue-chip index was at its lowest level of 2018. The global benchmark, Brent crude oil was trading at $56.49 per barrel, lower by 1.31 per cent. Meanwhile, the domestic equity market opened on a weaker note. The 30-share BSE benchmark Sensex was trading at 36,305.11, down 179.22 points in early trade. The wide-based Nifty was also trading lower by 51.95 points at 10,915.35.

Rupee slips against dollar after US Federal rate hike

Benchmark indices fell sharply in early trade Thursday on weak global cues after the <a href="http://www.wionews.com/business-economy/us-federal-reserve-hikes-interest-rates-wall-street-stocks-tumble-185385">US Federal Reserve</a> raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.

After opening over 250 points down, the 30-share Sensex was trading 166.63 points, or 0.46 per cent, lower at 36,317.70. The index had ended 137.25 points, or 0.38 per cent, at 36,484.33 Wednesday.

The NSE Nifty, too, was trading 56.70 points, or 0.52 per cent, lower at 10,910.60.

Domestic stocks followed the US and other Asian stocks that fell sharply after US Fed lifted the benchmark rate. Wednesday's quarter-point increase, to 2.25-2.5 per cent, lifted the Fed's key rate to its highest point since 2008.

The Fed's move came despite US President Donald Trump's attacks in recent weeks on its rate hikes and on Chairman Jerome Powell personally. The president had complained that the moves are threatening the economy.

At a news conference after the Fed's announcement, Powell said Trump's tweets and statements would have no bearing on the central bank's policymaking.

Metal index was the biggest loser on both exchanges, followed by banking and auto indices.

Top losers include Vedanta, NTPC, Bharti Airtel, HDFC, Wipro, PowerGrid, Infosys, Maruti, Adani Ports and Kotak Bank, falling up to 2 per cent.

While, gainers include Asian Paints, Yes Bank, M&amp;M, Sun Pharma and Axis Bank, rising up to 2 per cent.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 1,209.21 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 481.46 crore, provisional data available with BSE showed.

The rupee, meanwhile, weakened against the US dollar, and was trading at 70.54 a dollar.

Global oil prices eased further. Brent crude, the international benchmark, was trading 1.42 per cent lower at USD 56.43 per barrel.

Elsewhere in Asia, Hong Kong's Hang Seng was down 1.11 per cent, Japan's Nikkei fell 2.23 per cent and Shanghai Composite Index edged lower by 0.82 per cent in early trade.

The US Dow Jones Industrial Average ended 351.98 points, or 1.49 0.35 per cent, lower at 23,323.66 Wednesday.

Benchmark indices fell sharply in early trade Thursday on weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.

Benchmark indices fell sharply in early trade Thursday on weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year. After opening over 250 points down, the 30-share Sensex was trading 166.63 points, or 0.46 per cent, lower at 36,317.70. The index had ended 137.25 points, or 0.38 per cent, at 36,484.33 Wednesday. The NSE Nifty, too, was trading 56.70 points, or 0.52 per cent, lower at 10,910.60. Domestic stocks followed the US and other Asian stocks that fell sharply after US Fed lifted the benchmark rate. Wednesday's quarter-point increase, to 2.25-2.5 per cent, lifted the Fed's key rate to its highest point since 2008. The Fed's move came despite US President Donald Trump's attacks in recent weeks on its rate hikes and on Chairman Jerome Powell personally. The president had complained that the moves are threatening the economy. At a news conference after the Fed's announcement, Powell said Trump's tweets and statements would have no bearing on the central bank's policymaking. Metal index was the biggest loser on both exchanges, followed by banking and auto indices. Top losers include Vedanta, NTPC, Bharti Airtel, HDFC, Wipro, PowerGrid, Infosys, Maruti, Adani Ports and Kotak Bank, falling up to 2 per cent. While, gainers include Asian Paints, Yes Bank, M&M, Sun Pharma and Axis Bank, rising up to 2 per cent. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 1,209.21 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 481.46 crore, provisional data available with BSE showed. The rupee, meanwhile, weakened against the US dollar, and was trading at 70.54 a dollar. Global oil prices eased further. Brent crude, the international benchmark, was trading 1.42 per cent lower at USD 56.43 per barrel. Elsewhere in Asia, Hong Kong's Hang Seng was down 1.11 per cent, Japan's Nikkei fell 2.23 per cent and Shanghai Composite Index edged lower by 0.82 per cent in early trade. The US Dow Jones Industrial Average ended 351.98 points, or 1.49 0.35 per cent, lower at 23,323.66 Wednesday.

Sensex opens in red after US Federal rate hike

Indian shares pared early losses to end lower on Thursday, as investors locked in profit following seven sessions of gains.

The BSE Sensex closed down 0.14 per cent at 36,431.67, while Nifty ended 0.14 per cent lower at 10,951.7.

The rupee and stocks weakened early on Thursday, tracking Asian peers after the US Federal Reserve gave a 2019 rate outlook that traders called "less dovish" than they expected.

Earlier in the day, the broader NSE index fell up to 0.80 per cent, while the benchmark BSE index dropped as much as 0.77 per cent.&nbsp;

"There has been some profit-booking, but there are multiple positive factors and the fundamentals are strong," said Vinod Nair, head of research, Geojit Financial Services.&nbsp;

Financial stocks were the biggest drag on both indexes, with State Bank of India closing 2.2 per cent lower and Axis Bank Ltd ending 1.4 per cent weaker.

Indian shares pared early losses to end lower on Thursday, as investors locked in profit following seven sessions of gains. The BSE Sensex closed down 0.14 per cent at 36,431.

Indian shares pared early losses to end lower on Thursday, as investors locked in profit following seven sessions of gains. The BSE Sensex closed down 0.14 per cent at 36,431.67, while Nifty ended 0.14 per cent lower at 10,951.7. The rupee and stocks weakened early on Thursday, tracking Asian peers after the US Federal Reserve gave a 2019 rate outlook that traders called "less dovish" than they expected. Earlier in the day, the broader NSE index fell up to 0.80 per cent, while the benchmark BSE index dropped as much as 0.77 per cent. "There has been some profit-booking, but there are multiple positive factors and the fundamentals are strong," said Vinod Nair, head of research, Geojit Financial Services. Financial stocks were the biggest drag on both indexes, with State Bank of India closing 2.2 per cent lower and Axis Bank Ltd ending 1.4 per cent weaker.

Nifty, Sensex snap winning streak; financials drag

The benchmark BSE Sensex advanced over 100 points in early trade Wednesday on gains in blue-chips like Maruti Suzuki, SBI, Tata Steel and ITC amid rising rupee and tumbling crude prices.

Rising for the seventh straight session, the 30-share index spurted 104.05 points, or 0.29 per cent, to 36,451.13.

The barometer had rallied over 1,387 points in the previous six sessions. 
Led by FMCG, oil and gas, PSU and realty, sectoral indices advanced up to 0.99 per cent.

The NSE Nifty saw similar movement, rising up 36.60 points, or 0.34 per cent, to 10,945.30.

Brokers said sustained buying by investors and foreign fund inflows, coupled with strengthening rupee against the US dollar and falling global crude oil prices, influenced trading sentiment here.

Negative Asian cues on a likely Federal Reserve interest rate hike, limited the gains here, traders said.

The rupee breached the 70 mark by surging 50 paise to trade at 69.94 against the dollar in early trade at the interbank forex market.

Prominent gainers were Asian Paint, Axis Bank, ITC, Maruti Suzuki, SBI, HDFC, Yes Bank, Bharti Airtel, HUL, Tata Steel, Bajaj Auto, L&amp;T, RIL and HDFC Bank, rising up to 1.70 per cent.

However, Infosys emerged worst Sensex performer, falling 1.20 per cent, followed by Vedanta, TCS, Tata Motors and Sun Pharma.

Shares of aviation companies rose after crude prices hit a 14-month low.&nbsp;

InterGlobe Aviation, SpiceJet and Jet Airways rallied up to 5 per cent.

Stocks of oil marketing companies like IOC, HPCL, BPCL and OIL too gained up to 1.43 per cent.

Brent crude, an international benchmark, dropped 4.2 per cent lower to USD 57.07 per barrel Tuesday, a 14-month low.

Meanwhile, foreign institutional investors (FIIs) bought shares to the tune of Rs 144.76 crore Tuesday, while domestic institutional investors (DIIs) sold shares worth a net of Rs 182.60, provisional data showed.

Elsewhere in Asia, Japan's Nikkei fell 0.43 per cent, Shanghai Composite Index shed 0.25 per cent, while Hong Kong's Hang Seng rose 0.10 per cent.

The US Dow Jones Industrial Average ended 0.35 per cent higher Tuesday.

The benchmark BSE Sensex advanced over 100 points in early trade Wednesday on gains in blue-chips like Maruti Suzuki, SBI, Tata Steel and ITC amid rising rupee and tumbling crude prices.

The benchmark BSE Sensex advanced over 100 points in early trade Wednesday on gains in blue-chips like Maruti Suzuki, SBI, Tata Steel and ITC amid rising rupee and tumbling crude prices. Rising for the seventh straight session, the 30-share index spurted 104.05 points, or 0.29 per cent, to 36,451.13. The barometer had rallied over 1,387 points in the previous six sessions. Led by FMCG, oil and gas, PSU and realty, sectoral indices advanced up to 0.99 per cent. The NSE Nifty saw similar movement, rising up 36.60 points, or 0.34 per cent, to 10,945.30. Brokers said sustained buying by investors and foreign fund inflows, coupled with strengthening rupee against the US dollar and falling global crude oil prices, influenced trading sentiment here. Negative Asian cues on a likely Federal Reserve interest rate hike, limited the gains here, traders said. The rupee breached the 70 mark by surging 50 paise to trade at 69.94 against the dollar in early trade at the interbank forex market. Prominent gainers were Asian Paint, Axis Bank, ITC, Maruti Suzuki, SBI, HDFC, Yes Bank, Bharti Airtel, HUL, Tata Steel, Bajaj Auto, L&T, RIL and HDFC Bank, rising up to 1.70 per cent. However, Infosys emerged worst Sensex performer, falling 1.20 per cent, followed by Vedanta, TCS, Tata Motors and Sun Pharma. Shares of aviation companies rose after crude prices hit a 14-month low. InterGlobe Aviation, SpiceJet and Jet Airways rallied up to 5 per cent. Stocks of oil marketing companies like IOC, HPCL, BPCL and OIL too gained up to 1.43 per cent. Brent crude, an international benchmark, dropped 4.2 per cent lower to USD 57.07 per barrel Tuesday, a 14-month low. Meanwhile, foreign institutional investors (FIIs) bought shares to the tune of Rs 144.76 crore Tuesday, while domestic institutional investors (DIIs) sold shares worth a net of Rs 182.60, provisional data showed. Elsewhere in Asia, Japan's Nikkei fell 0.43 per cent, Shanghai Composite Index shed 0.25 per cent, while Hong Kong's Hang Seng rose 0.10 per cent. The US Dow Jones Industrial Average ended 0.35 per cent higher Tuesday.

Sensex rises over 100 points on firm rupee, falling crude prices

Indian shares ended higher on Wednesday, underpinned by financials after the central bank announced liquidity injection via open market bond purchase for January, and as crude prices hovered near 14-month lows.

The benchmark BSE Sensex closed 0.38 per cent firmer at 36,484.33.&nbsp;

The broader NSE Nifty ended 0.54 per cent higher at 10,967.3.&nbsp;

Both the indexes recorded a seventh straight session of gains, with the Nifty clocking its best rally since a nine-day streak in April.

Markets received a boost after the Reserve Bank of India announced a higher-than-expected 500 billion rupees ($7.13 billion) of open market bond purchases for next month, reinforcing expectations that the central bank was turning dovish under Shaktikanta Das who was appointed as governor last week.

Softer crude prices have also strengthened India`s macroeconomic indicators, including inflation and its trade deficit, given the South Asian nation imports some two-thirds of its oil needs.

Axis Bank Ltd and Indiabulls Housing Finance Ltd, which were among the top gainers on the NSE index, closed up 3.33 per cent and 7.85 per cent, respectively.

The 10-year benchmark bond yield was at a more-than-eight-month low of 7.25 per cent, while the rupee was trading at 70.37 to the dollar, after climbing to 69.85 earlier in the session.

Markets will also keep a close watch and look for cues on rate hikes from the US Federal Reserve meeting, which concludes later in the day.

Indian shares ended higher on Wednesday, underpinned by financials after the central bank announced liquidity injection via open market bond purchase for January, and as crude prices hovered near 14-month lows.

Indian shares ended higher on Wednesday, underpinned by financials after the central bank announced liquidity injection via open market bond purchase for January, and as crude prices hovered near 14-month lows. The benchmark BSE Sensex closed 0.38 per cent firmer at 36,484.33. The broader NSE Nifty ended 0.54 per cent higher at 10,967.3. Both the indexes recorded a seventh straight session of gains, with the Nifty clocking its best rally since a nine-day streak in April. Markets received a boost after the Reserve Bank of India announced a higher-than-expected 500 billion rupees ($7.13 billion) of open market bond purchases for next month, reinforcing expectations that the central bank was turning dovish under Shaktikanta Das who was appointed as governor last week. Softer crude prices have also strengthened India`s macroeconomic indicators, including inflation and its trade deficit, given the South Asian nation imports some two-thirds of its oil needs. Axis Bank Ltd and Indiabulls Housing Finance Ltd, which were among the top gainers on the NSE index, closed up 3.33 per cent and 7.85 per cent, respectively. The 10-year benchmark bond yield was at a more-than-eight-month low of 7.25 per cent, while the rupee was trading at 70.37 to the dollar, after climbing to 69.85 earlier in the session. Markets will also keep a close watch and look for cues on rate hikes from the US Federal Reserve meeting, which concludes later in the day.

Nifty, Sensex post seventh session of gains; financials lead

Breaking its five-day winning streak, the benchmark BSE Sensex fell 141 points in early trade Tuesday, as banking, IT, realty and FMCG stocks retreated, tracking sell-off in global market.

The 30-share index dropped 140.51 points, or 0.40 per cent, to 36,129.56 points in opening trade. The gauge had rallied over 1,310 points in the previous five sessions.

The NSE Nifty too fell 47.50 points, or 0.44 per cent, to 10,840.85. 
Among sectoral indices, IT fell the most 1.19 per cent, followed by tech 1.08 per cent, on account of appreciating domestic currency.

Meanwhile, FMCG, healthcare, banking and consumer durables also fell by up to 0.35 per cent as profit-taking emerged on these counters.

Brokers said, the decline in benchmark indices was on account of a weak trend in Asian markets amid sharp losses at the Wall Street, as investors continued to fear to weaken global growth. Besides, profit-booking in recent gainers also dampened investor sentiment here.

Infosys emerged as the worst performer in the Sensex pack, falling 1.67 per cent, followed by Wipro at 1.49 per cent on weakening dollar against the rupee.

Other laggards include Yes Bank, HDFC Ltd, ICICI Bank, HUL, IndusInd Bank, Adani Ports, TCS, ONGC, ITC Ltd, Axis Bank, HDFC Bank, Maruti Suzuki, SBI, RIL, Coal India and Asian Paint, falling up to 0.88 per cent. 
However, Tata Motors, M&amp;M, Bajaj Auto, Sun Pharma, L&amp;T, Hero MotoCorp, PowerGrid and Bharti Airtel, defied the broader market sentiment and were trading higher by up to 1.12 per cent.

Stocks of state-run oil marketing companies such HPCL, BPCL and IOC were trading higher up to 1.16 per cent on the back of easing crude oil prices in global market.

According to provisional data, domestic institutional investors sold shares worth a net of Rs 76.84 crore, while foreign institutional investors (FIIs) offloaded shares to the tune of Rs 60.95 crore Monday.

Elsewhere in Asia, Japan's Nikkei shed 1.23 per cent. Hong Kong's Hang Seng dropped 1.01 per cent, Shanghai Composite Index fell 1.09 per cent and Korea's KOSPI fell 0.39 per cent.

The US Dow Jones Industrial Average ended 2.11 per cent down Monday.

Breaking its five-day winning streak, the benchmark BSE Sensex fell 141 points in early trade Tuesday, as banking, IT, realty and FMCG stocks retreated, tracking sell-off in global market.

Breaking its five-day winning streak, the benchmark BSE Sensex fell 141 points in early trade Tuesday, as banking, IT, realty and FMCG stocks retreated, tracking sell-off in global market. The 30-share index dropped 140.51 points, or 0.40 per cent, to 36,129.56 points in opening trade. The gauge had rallied over 1,310 points in the previous five sessions. The NSE Nifty too fell 47.50 points, or 0.44 per cent, to 10,840.85. Among sectoral indices, IT fell the most 1.19 per cent, followed by tech 1.08 per cent, on account of appreciating domestic currency. Meanwhile, FMCG, healthcare, banking and consumer durables also fell by up to 0.35 per cent as profit-taking emerged on these counters. Brokers said, the decline in benchmark indices was on account of a weak trend in Asian markets amid sharp losses at the Wall Street, as investors continued to fear to weaken global growth. Besides, profit-booking in recent gainers also dampened investor sentiment here. Infosys emerged as the worst performer in the Sensex pack, falling 1.67 per cent, followed by Wipro at 1.49 per cent on weakening dollar against the rupee. Other laggards include Yes Bank, HDFC Ltd, ICICI Bank, HUL, IndusInd Bank, Adani Ports, TCS, ONGC, ITC Ltd, Axis Bank, HDFC Bank, Maruti Suzuki, SBI, RIL, Coal India and Asian Paint, falling up to 0.88 per cent. However, Tata Motors, M&M, Bajaj Auto, Sun Pharma, L&T, Hero MotoCorp, PowerGrid and Bharti Airtel, defied the broader market sentiment and were trading higher by up to 1.12 per cent. Stocks of state-run oil marketing companies such HPCL, BPCL and IOC were trading higher up to 1.16 per cent on the back of easing crude oil prices in global market. According to provisional data, domestic institutional investors sold shares worth a net of Rs 76.84 crore, while foreign institutional investors (FIIs) offloaded shares to the tune of Rs 60.95 crore Monday. Elsewhere in Asia, Japan's Nikkei shed 1.23 per cent. Hong Kong's Hang Seng dropped 1.01 per cent, Shanghai Composite Index fell 1.09 per cent and Korea's KOSPI fell 0.39 per cent. The US Dow Jones Industrial Average ended 2.11 per cent down Monday.

Sensex drops 141 points on global sell-off, profit-booking

Markets on Tuesday ended on a positive note with BSE Sensex rising 77.01 points to close at 36,347.08. Nifty gained 20.35 points to end at 10,908.70.&nbsp;

In early trade on Tuesday morning, Sensex dropped 141 points and broke its five-day winning streak.&nbsp;

The 30-share index dropped 140.51 points, or 0.40 per cent, to 36,129.56 points in opening trade. The gauge had rallied over 1,310 points in the previous five sessions, news agency PTI reported.&nbsp;

The NSE Nifty too fell 47.50 points, or 0.44 per cent, to 10,840.85.

Brokers said, the decline in benchmark indices was on account of a weak trend in Asian markets amid sharp losses at the Wall Street, as investors continued to fear the weakening of global growth. Besides, profit-booking in recent gainers also dampened investor sentiment here.

(With inputs from PTI)&nbsp; 
&nbsp;

Markets on Tuesday ended on a positive note with BSE Sensex rising 77.01 points to close at 36,347.08. Nifty gained 20.35 points to end at 10,908.70. In early trade on Tuesday morning, Sensex dropped 141 points and broke its five-day winning streak.

Markets on Tuesday ended on a positive note with BSE Sensex rising 77.01 points to close at 36,347.08. Nifty gained 20.35 points to end at 10,908.70. In early trade on Tuesday morning, Sensex dropped 141 points and broke its five-day winning streak. The 30-share index dropped 140.51 points, or 0.40 per cent, to 36,129.56 points in opening trade. The gauge had rallied over 1,310 points in the previous five sessions, news agency PTI reported. The NSE Nifty too fell 47.50 points, or 0.44 per cent, to 10,840.85. Brokers said, the decline in benchmark indices was on account of a weak trend in Asian markets amid sharp losses at the Wall Street, as investors continued to fear the weakening of global growth. Besides, profit-booking in recent gainers also dampened investor sentiment here. (With inputs from PTI)

Markets close in green, Sensex rises 77 points 

Benchmark stock market indices BSE Sensex and NSE’s Nifty opened higher on Monday despite weak global cues.

At 9:30 am BSE Sensex was 230 points higher at 36,193.14 points while the NSE Nifty was 46 points higher at 10,851 points.&nbsp;

Stocks in Asia opened mixed, following two weeks of losses driven by a backdrop of uncertain trade conditions and signs that some key economies are slowing.&nbsp;

Meanwhile, Rupee strengthened marginally against the US dollar after India’s trade deficit narrowed from a month ago due to a sharp fall in gold imports.&nbsp;

At 9.15am, the rupee was trading at 71.84 a dollar, up 0.08% from its Friday’s close of 71.90. The currency opened at 71.85 a dollar.&nbsp;

The 10-year government bond yield stood at 7.438% from its previous close of 7.441%.

So far this year, the rupee has declined 11%, while foreign investors have sold $4.55 billion and $7.36 billion in the equity and debt markets, respectively.

(With inputs from agencies)

Benchmark stock market indices BSE Sensex and NSE’s Nifty opened higher on Monday despite weak global cues. At 9:30 am BSE Sensex was 230 points higher at 36,193.

Benchmark stock market indices BSE Sensex and NSE’s Nifty opened higher on Monday despite weak global cues. At 9:30 am BSE Sensex was 230 points higher at 36,193.14 points while the NSE Nifty was 46 points higher at 10,851 points. Stocks in Asia opened mixed, following two weeks of losses driven by a backdrop of uncertain trade conditions and signs that some key economies are slowing. Meanwhile, Rupee strengthened marginally against the US dollar after India’s trade deficit narrowed from a month ago due to a sharp fall in gold imports. At 9.15am, the rupee was trading at 71.84 a dollar, up 0.08% from its Friday’s close of 71.90. The currency opened at 71.85 a dollar. The 10-year government bond yield stood at 7.438% from its previous close of 7.441%. So far this year, the rupee has declined 11%, while foreign investors have sold $4.55 billion and $7.36 billion in the equity and debt markets, respectively. (With inputs from agencies)

Sensex up 200 points, Nifty holds 10,800-mark

The Indian rupee on Monday recovered by 34 paise to <a href="http://13.232.42.114/business-economy/rupee-rises-16-paise-to-7174-against-us-dollar-184763">close at 71.56 against the US dollar </a>as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.

Besides, the American currency's weakness against its major rivals globally helped the rupee further its gains.&nbsp;

According to commerce ministry data, India's trade deficit came down to $15.1 billion in November from $17.13 billion in October this year.

At the Interbank Foreign Exchange, the rupee opened higher at 71.84 a dollar and soon gathered momentum to touch a high of 71.51.

The domestic unit, however, pared some gains and settled the day up by 34 paise at 71.56 a dollar.

On Friday, the rupee had dropped by 22 paise to close at 71.90 against the US dollar.&nbsp;

Forex dealers attributed the rupee gains to the greenback's weakness against some currencies overseas and improving macro picture in form of narrowing trade deficit numbers.

Heavy buying in domestic equities also helped trading sentiments in the forex market, they added.

Equity benchmark Sensex continued its winning streak for a fifth straight session Monday. The 30-share BSE Sensex closed at 36,270, showing a rise of 0.85 per cent or 307 points. Similarly, the broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points.&nbsp;

Brent crude, the international benchmark, was trading at $60.89 per barrel Monday, higher by 1.01 per cent.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.6730 and for rupee/euro at 81.0717. The reference rate for rupee/British pound was fixed at 90.1981 and for rupee/100 Japanese yen at 63.17.

The Indian rupee on Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.

The Indian rupee on Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities. Besides, the American currency's weakness against its major rivals globally helped the rupee further its gains. According to commerce ministry data, India's trade deficit came down to $15.1 billion in November from $17.13 billion in October this year. At the Interbank Foreign Exchange, the rupee opened higher at 71.84 a dollar and soon gathered momentum to touch a high of 71.51. The domestic unit, however, pared some gains and settled the day up by 34 paise at 71.56 a dollar. On Friday, the rupee had dropped by 22 paise to close at 71.90 against the US dollar. Forex dealers attributed the rupee gains to the greenback's weakness against some currencies overseas and improving macro picture in form of narrowing trade deficit numbers. Heavy buying in domestic equities also helped trading sentiments in the forex market, they added. Equity benchmark Sensex continued its winning streak for a fifth straight session Monday. The 30-share BSE Sensex closed at 36,270, showing a rise of 0.85 per cent or 307 points. Similarly, the broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points. Brent crude, the international benchmark, was trading at $60.89 per barrel Monday, higher by 1.01 per cent. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.6730 and for rupee/euro at 81.0717. The reference rate for rupee/British pound was fixed at 90.1981 and for rupee/100 Japanese yen at 63.17.

Rupee gains 34 paise higher at 71.56 against US dollar

Extending its winning run for a fifth session, the BSE Sensex&nbsp;

Soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues.&nbsp;&nbsp; &nbsp;&nbsp;

The broader NSE Nifty too jumped almost 93 points.

Opening on a positive note, the Sensex went on to reclaim the 36,000-mark and hit a high of 36,312.31 during the intra-day trade before ending at 36,270.07, up 307.14 points, or 0.85 per cent.

The gauge had climbed 1,003.21 points in the previous four sessions.

For the 50-share NSE Nifty, the close came in at 10,888.35, higher by 82.90 points, or 0.77 per cent, after shuttling between 10,900.35 and 10,844.85.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 861.94 crore on Friday, while DIIs sold equities to the tune of Rs 303.52 crore, provisional data showed.&nbsp;

Extending its winning run for a fifth session, the BSE Sensex Soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues.

Extending its winning run for a fifth session, the BSE Sensex Soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues. The broader NSE Nifty too jumped almost 93 points. Opening on a positive note, the Sensex went on to reclaim the 36,000-mark and hit a high of 36,312.31 during the intra-day trade before ending at 36,270.07, up 307.14 points, or 0.85 per cent. The gauge had climbed 1,003.21 points in the previous four sessions. For the 50-share NSE Nifty, the close came in at 10,888.35, higher by 82.90 points, or 0.77 per cent, after shuttling between 10,900.35 and 10,844.85. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 861.94 crore on Friday, while DIIs sold equities to the tune of Rs 303.52 crore, provisional data showed.

Sensex reclaims 36,000, surges 307 points

Benchmark equity indices Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices.

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00.

The Sensex Thursday climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55.

Investors were also on edge ahead of RBI central board meeting under new Governor Shaktikanta Das, traders said.

The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19. Among other things, the crucial board meeting is expected to take a stock of micro, small and medium enterprises (MSMEs), which is under stress due to demonetisation and implementation of the goods and services tax (GST).

This scheduled meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons. However, the tussle between the Finance Ministry and RBI was attributed as reason for the sudden exit of Patel, who would have completed his 3-year term in September 2019.

Top losers in morning trade Adani Ports, Maruti, ONGC, Hero MotoCorp, Coal India and Reliance Industries, shedding up to 1 per cent.

Top gainers include Bharti Airtel, Yes Bank, Infosys, Asian Paints, Wipro ICICI Bank, ITC, Tata Steel, HDFC Bank and TCS, rising up to 3 per cent.

The rupee, meanwhile, was trading marginally lower at 71.79 against the US dollar.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 675.14 crore Thursday, while domestic institutional investors (DIIs) were sellers to the tune of Rs 51.86 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was down 1.32 per cent, Japan's Nikkei fell 1.73 per cent, and Shanghai Composite Index was down 0.57 per cent in early trade.

On Wall Street, the Dow Jones Industrial Average index rose 70.11 points, or 0.29 per cent, to 24,597.38 on Thursday.

Benchmark equity indices Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices.

Benchmark equity indices Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices. Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71. The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00. The Sensex Thursday climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55. Investors were also on edge ahead of RBI central board meeting under new Governor Shaktikanta Das, traders said. The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19. Among other things, the crucial board meeting is expected to take a stock of micro, small and medium enterprises (MSMEs), which is under stress due to demonetisation and implementation of the goods and services tax (GST). This scheduled meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons. However, the tussle between the Finance Ministry and RBI was attributed as reason for the sudden exit of Patel, who would have completed his 3-year term in September 2019. Top losers in morning trade Adani Ports, Maruti, ONGC, Hero MotoCorp, Coal India and Reliance Industries, shedding up to 1 per cent. Top gainers include Bharti Airtel, Yes Bank, Infosys, Asian Paints, Wipro ICICI Bank, ITC, Tata Steel, HDFC Bank and TCS, rising up to 3 per cent. The rupee, meanwhile, was trading marginally lower at 71.79 against the US dollar. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 675.14 crore Thursday, while domestic institutional investors (DIIs) were sellers to the tune of Rs 51.86 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng was down 1.32 per cent, Japan's Nikkei fell 1.73 per cent, and Shanghai Composite Index was down 0.57 per cent in early trade. On Wall Street, the Dow Jones Industrial Average index rose 70.11 points, or 0.29 per cent, to 24,597.38 on Thursday.

Sensex, Nifty turn cautious on mixed global cues

Domestic market on Friday ended on a positive note with BSE Sensex closing at 35,962.93, up by 33.29 points from its previous close. Nifty, on the other hand, went up by 13.90 points to end at 10,805.45.

Benchmark equity indices Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices, news agency PTI reported.&nbsp;

Breaking its three-day winning streak, the 30-share index turned choppy on Friday and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00.

The Sensex Thursday climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55.

(With inputs from PTI)&nbsp;

Domestic market on Friday ended on a positive note with BSE Sensex closing at 35,962.93, up by 33.29 points from its previous close. Nifty, on the other hand, went up by 13.

Domestic market on Friday ended on a positive note with BSE Sensex closing at 35,962.93, up by 33.29 points from its previous close. Nifty, on the other hand, went up by 13.90 points to end at 10,805.45. Benchmark equity indices Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices, news agency PTI reported. Breaking its three-day winning streak, the 30-share index turned choppy on Friday and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71. The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00. The Sensex Thursday climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55. (With inputs from PTI)

Sensex rises over 30 points at closing, Nifty settles at 10,805.45

The rupee Thursday appreciated by 42 paise to 71.59 in early trade after the new RBI governor Shaktikanta Das took charge and stressed on the need of a consultative approach to tackle pressing economic issues.

Forex traders said a higher opening of domestic equity markets and weakening of the US dollar against some currencies overseas boosted the local unit.

"The new RBI governor's first speech confirms our initial impression that he is likely to be more communicative and consultative in his approach, which is a positive," Japanese financial services major Nomura said in a research note.

At the Interbank Foreign Exchange, the rupee opened on a strong note at 71.70 against the US dollar, then appreciated further to 71.59 showing a rise of 42 paise over it's previous closing.

On Wednesday the rupee had declined by 16 paise to 72.01 per US dollar.

Traders however said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove.

Foreign funds sold shares worth Rs 1,299.43 crore from the capital markets on a net basis Wednesday, while domestic institutional investors bought shares worth Rs 1,121.29 crore, provisional data showed.

The global benchmark Brent crude was trading higher by 0.68 per cent at 60.56 per barrel.

Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark <a href="http://www.wionews.com/business-economy/sensex-rises-over-200-points-nifty-reclaims-10800-mark-183603">Sensex,</a> was trading at 35,985.34, up 206.27 points in early trade. The wide-based Nifty was also trading with gains of 61.30 points at 10,798.90.&nbsp;

The rupee Thursday appreciated by 42 paise to 71.59 in early trade after the new RBI governor Shaktikanta Das took charge and stressed on the need of a consultative approach to tackle pressing economic issues.

The rupee Thursday appreciated by 42 paise to 71.59 in early trade after the new RBI governor Shaktikanta Das took charge and stressed on the need of a consultative approach to tackle pressing economic issues. Forex traders said a higher opening of domestic equity markets and weakening of the US dollar against some currencies overseas boosted the local unit. "The new RBI governor's first speech confirms our initial impression that he is likely to be more communicative and consultative in his approach, which is a positive," Japanese financial services major Nomura said in a research note. At the Interbank Foreign Exchange, the rupee opened on a strong note at 71.70 against the US dollar, then appreciated further to 71.59 showing a rise of 42 paise over it's previous closing. On Wednesday the rupee had declined by 16 paise to 72.01 per US dollar. Traders however said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove. Foreign funds sold shares worth Rs 1,299.43 crore from the capital markets on a net basis Wednesday, while domestic institutional investors bought shares worth Rs 1,121.29 crore, provisional data showed. The global benchmark Brent crude was trading higher by 0.68 per cent at 60.56 per barrel. Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark Sensex, was trading at 35,985.34, up 206.27 points in early trade. The wide-based Nifty was also trading with gains of 61.30 points at 10,798.90.

Rupee rises 42 paise to 71.59 per US dollar in early trade

The equity benchmark BSE Sensex Thursday rose over 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here.

Rising for the third straight session, the 30-share index was trading higher by 263.70 points, or 0.74 per cent, at 36,042.77.

The NSE Nifty reclaimed the 10,800 mark, rising 76.95 points, or 0.72 per cent, to 10,814.55.

The Sensex Wednesday zoomed 629.06 points, or 1.79 per cent, to end at 35,779.07, while the broader NSE Nifty rallied 188.45 points, or 1.79 per cent, to 10,737.60.

Top gainers in morning trade include Yes Bank, SBI, Tata Motors, Vedanta, Bharti Airtel, Infosys, HUL, Asian Paints, Wipro and ITC, rising up to 3 per cent.

Sun Pharma, on the other hand, was the top losers on both indices, falling up to 2 per cent, after market regulator Sebi Wednesday said it was examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries.

A whistleblower had last month approached Sebi with a document alleging various irregularities by the company, its promoter Shanghvi and others. 
Other losers include Hero MotoCorp, Coal India and HDFC, shedding up to 1 per cent.

According to traders, investor sentiment on Dalal Street was positive on expectation that new RBI Governor Shaktikanta Das would work more closely with the government.

Das was appointed RBI chief Tuesday evening -- within a day after the sudden resignation of Urjit Patel -- following deep friction between the RBI and the government over a host of issues, including the central bank's governance, capital reserves and also certain regulatory policies like the PCA framework for half the state-run banks and credit concerns to some key vote-banks in the industry.

"The government is not just a stakeholder, it also runs the economy and the country and manages major policy decisions. There has to be free, fair, objective, and frank discussions between the government and RBI," Das, the former finance secretary who oversaw the controversial note-ban exercise, told reporters in his maiden address.

The rupee, meanwhile, opened 31 paise higher at 71.70 against the US dollar.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was up 1.40 per cent, Japan's Nikkei gained 0.99 per cent, and Shanghai Composite Index rose 1.60 per cent in early trade.

On Wall Street, The Dow Jones Industrial Average index rose 157.03 points, or 0.64 per cent, to 24,527.27 on Wednesday.&nbsp; 
&nbsp;

The equity benchmark BSE Sensex Thursday rose over 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.

The equity benchmark BSE Sensex Thursday rose over 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check. Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here. Rising for the third straight session, the 30-share index was trading higher by 263.70 points, or 0.74 per cent, at 36,042.77. The NSE Nifty reclaimed the 10,800 mark, rising 76.95 points, or 0.72 per cent, to 10,814.55. The Sensex Wednesday zoomed 629.06 points, or 1.79 per cent, to end at 35,779.07, while the broader NSE Nifty rallied 188.45 points, or 1.79 per cent, to 10,737.60. Top gainers in morning trade include Yes Bank, SBI, Tata Motors, Vedanta, Bharti Airtel, Infosys, HUL, Asian Paints, Wipro and ITC, rising up to 3 per cent. Sun Pharma, on the other hand, was the top losers on both indices, falling up to 2 per cent, after market regulator Sebi Wednesday said it was examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries. A whistleblower had last month approached Sebi with a document alleging various irregularities by the company, its promoter Shanghvi and others. Other losers include Hero MotoCorp, Coal India and HDFC, shedding up to 1 per cent. According to traders, investor sentiment on Dalal Street was positive on expectation that new RBI Governor Shaktikanta Das would work more closely with the government. Das was appointed RBI chief Tuesday evening -- within a day after the sudden resignation of Urjit Patel -- following deep friction between the RBI and the government over a host of issues, including the central bank's governance, capital reserves and also certain regulatory policies like the PCA framework for half the state-run banks and credit concerns to some key vote-banks in the industry. "The government is not just a stakeholder, it also runs the economy and the country and manages major policy decisions. There has to be free, fair, objective, and frank discussions between the government and RBI," Das, the former finance secretary who oversaw the controversial note-ban exercise, told reporters in his maiden address. The rupee, meanwhile, opened 31 paise higher at 71.70 against the US dollar. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng was up 1.40 per cent, Japan's Nikkei gained 0.99 per cent, and Shanghai Composite Index rose 1.60 per cent in early trade. On Wall Street, The Dow Jones Industrial Average index rose 157.03 points, or 0.64 per cent, to 24,527.27 on Wednesday.

Sensex rises over 200 points, Nifty reclaims 10,800 mark

Benchmark indices rose for the third straight session Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here, analysts said.

The BSE Sensex climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55.

Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&amp;T, IndusInd Bank, Hero MotoCorp, M&amp;M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.

Yes Bank, on the other hand, was the biggest loser, falling over 6 per cent after its board meet concluded. The bank said it has finalised a candidate for the chairman's position and would be seeking approval from the RBI. The bank, however, did not disclose the candidate's name.

Other losers include Sun Pharma, TCS, Tata Steel, Adani Ports and Coal India, falling up to 2 per cent.

"In anticipation of some firm measures to ease the credit squeeze by the new RBI Governor post his meeting with PSU bank chiefs today, markets rallied in the morning but cooled off in the second half on some profit booking," said Essel Mutual Fund CIO Viral Berawala.

"Stocks with rural focus also gained momentum on expectations of some pro-rural announcements by the Central government," Berawala added.

The rupee, meanwhile, rose 35 paise to 71.66 against the US dollar in intra-day trade.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed.

Brent crude oil futures were trading flat at USD 60.15 per barrel.

Elsewhere in Asia, Korea's Kospi rose 0.62 per cent, Japan's Nikkei gained 0.99 per cent, Hong Kong's Hang Seng surged 1.29 per cent and Shanghai Composite Index advanced 1.23 per cent.

In Europe, Frankfurt's DAX fell 0.31 per cent and Paris' CAC 40 shed 0.30 per cent in their early deals. London's FTSE too slipped 0.02 per cent.&nbsp;

Benchmark indices rose for the third straight session Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street.

Benchmark indices rose for the third straight session Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street. Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here, analysts said. The BSE Sensex climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55. Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent. Yes Bank, on the other hand, was the biggest loser, falling over 6 per cent after its board meet concluded. The bank said it has finalised a candidate for the chairman's position and would be seeking approval from the RBI. The bank, however, did not disclose the candidate's name. Other losers include Sun Pharma, TCS, Tata Steel, Adani Ports and Coal India, falling up to 2 per cent. "In anticipation of some firm measures to ease the credit squeeze by the new RBI Governor post his meeting with PSU bank chiefs today, markets rallied in the morning but cooled off in the second half on some profit booking," said Essel Mutual Fund CIO Viral Berawala. "Stocks with rural focus also gained momentum on expectations of some pro-rural announcements by the Central government," Berawala added. The rupee, meanwhile, rose 35 paise to 71.66 against the US dollar in intra-day trade. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed. Brent crude oil futures were trading flat at USD 60.15 per barrel. Elsewhere in Asia, Korea's Kospi rose 0.62 per cent, Japan's Nikkei gained 0.99 per cent, Hong Kong's Hang Seng surged 1.29 per cent and Shanghai Composite Index advanced 1.23 per cent. In Europe, Frankfurt's DAX fell 0.31 per cent and Paris' CAC 40 shed 0.30 per cent in their early deals. London's FTSE too slipped 0.02 per cent.

Sensex ends over 150 points higher; Yes Bank slumps 6 per cent

Sensex and Nifty opened Wednesday with minor gains led by financials. While BSE Sensex opened higher 128.23 points, up 0.36 per cent, to 35278.20, Nifty 50 tested 10,600-level opening at 10585.80, up 0.35 per cent.&nbsp;

At 10 am Sensex is trading higher by 320.49 points at 35,470, Nifty is higher by 100.50 points at 10,649.

Shares of banks and non-banking finance companies (NBFCs) outperformed benchmark indices, hoping that the new RBI governor might re-examine the demand for an easier prompt corrective action (PCA) framework and a special liquidity window.

Meanwhile, Rupee extended its losses&nbsp;against the US dollar after ruling Bhartiya Janata Party (BJP) suffered a setback in the three state elections, and also after the government announced a former bureaucrat as a central bank chief. At 9.15am, the rupee was trading at 72.10 a dollar, down 0.33% from its Tuesday’s close of 71.87. The currency opened at 72.02 a dollar. The 10-year government bond yield stood at 7.475% from its previous close of 7.528%.

Sensex and Nifty opened Wednesday with minor gains led by financials. While BSE Sensex opened higher 128.23 points, up 0.36 per cent, to 35278.20, Nifty 50 tested 10,600-level opening at 10585.

Sensex and Nifty opened Wednesday with minor gains led by financials. While BSE Sensex opened higher 128.23 points, up 0.36 per cent, to 35278.20, Nifty 50 tested 10,600-level opening at 10585.80, up 0.35 per cent. At 10 am Sensex is trading higher by 320.49 points at 35,470, Nifty is higher by 100.50 points at 10,649. Shares of banks and non-banking finance companies (NBFCs) outperformed benchmark indices, hoping that the new RBI governor might re-examine the demand for an easier prompt corrective action (PCA) framework and a special liquidity window. Meanwhile, Rupee extended its losses against the US dollar after ruling Bhartiya Janata Party (BJP) suffered a setback in the three state elections, and also after the government announced a former bureaucrat as a central bank chief. At 9.15am, the rupee was trading at 72.10 a dollar, down 0.33% from its Tuesday’s close of 71.87. The currency opened at 72.02 a dollar. The 10-year government bond yield stood at 7.475% from its previous close of 7.528%.

Sensex rises 300 points, Nifty above 10600 led by banks

Shares marked a one-week closing high on Wednesday, driven by financials and automakers after the government appointed a new central bank governor quickly, amid state election results raising hopes of increased rural spending.

The government moved swiftly to appoint ex-finance ministry official Shaktikanta Das as Reserve Bank of India governor on Tuesday, just a day after Urjit Patel resigned from the post, following months of clashes with the government over lending curbs and how to deploy the central bank's surplus reserves.

Both the broader NSE index and the benchmark BSE Sensex ended 1.79 per cent firmer. The NSE Nifty settled at 10,737.6, while the Sensex clocked out at 35,779.07.

Shares of Housing Development Finance Corporation Ltd rose 1.8 per cent, while those of Hero MotoCorp Ltd climbed 7.2 per cent to its best close in three months. The Nifty Auto Index ended 3.6 per cent higher.

Bharti Airtel Ltd's stock surged as much as 7.2 per cent in the last few minutes of trade, before settling 5.3 per cent higher.

Shares marked a one-week closing high on Wednesday, driven by financials and automakers after the government appointed a new central bank governor quickly, amid state election results raising hopes of increased rural spending.

Shares marked a one-week closing high on Wednesday, driven by financials and automakers after the government appointed a new central bank governor quickly, amid state election results raising hopes of increased rural spending. The government moved swiftly to appoint ex-finance ministry official Shaktikanta Das as Reserve Bank of India governor on Tuesday, just a day after Urjit Patel resigned from the post, following months of clashes with the government over lending curbs and how to deploy the central bank's surplus reserves. Both the broader NSE index and the benchmark BSE Sensex ended 1.79 per cent firmer. The NSE Nifty settled at 10,737.6, while the Sensex clocked out at 35,779.07. Shares of Housing Development Finance Corporation Ltd rose 1.8 per cent, while those of Hero MotoCorp Ltd climbed 7.2 per cent to its best close in three months. The Nifty Auto Index ended 3.6 per cent higher. Bharti Airtel Ltd's stock surged as much as 7.2 per cent in the last few minutes of trade, before settling 5.3 per cent higher.

Nifty, Sensex end higher after swift change of guard at RBI

The BSE Sensex opened <a href="http://www.wionews.com/india-news/rbi-governor-urjit-patel-resigns-cites-personal-reasons-182915">500 points down in early trade on </a>Tuesday after RBI governor Urjit Patel's resignation which was announced a day earlier. The NSE Nifty was also down losing 131 points.

The Sensex was at 34,458.86 with the Nifty at 10354.70.

The markets dived further as state polls leads began pouring in which showed the BJP trailing in big&nbsp;states in Rajasthan, Madhya Pradesh and Chhattisgarh.

On Monday, the Sensex had dived by 714 points on the back of "unfavourable" state exit poll results for the ruling BJP announced by various media agencies on Friday. It was the worst single-session fall for the benchmark BSE index since October 11.

The Sensex&nbsp;lost over 2 per cent, to close at 34,959.72 on Monday. Most stocks including realty, banking, metal, pharma, pharma and financial stocks ended in red.&nbsp;&nbsp; &nbsp;

The broader NSE Nifty too had fallen 205.25 points, or 1.92 per cent, to end at 10,488.45.

The rupee had also weakened against the US dollar in intra-day trade to hit 71.44 per due to fresh foreign fund outflows which further pulled down the markets.&nbsp;

The BSE Sensex opened 500 points down in early trade on Tuesday after RBI governor Urjit Patel's resignation which was announced a day earlier. The NSE Nifty was also down losing 131 points.

The BSE Sensex opened 500 points down in early trade on Tuesday after RBI governor Urjit Patel's resignation which was announced a day earlier. The NSE Nifty was also down losing 131 points. The Sensex was at 34,458.86 with the Nifty at 10354.70. The markets dived further as state polls leads began pouring in which showed the BJP trailing in big states in Rajasthan, Madhya Pradesh and Chhattisgarh. On Monday, the Sensex had dived by 714 points on the back of "unfavourable" state exit poll results for the ruling BJP announced by various media agencies on Friday. It was the worst single-session fall for the benchmark BSE index since October 11. The Sensex lost over 2 per cent, to close at 34,959.72 on Monday. Most stocks including realty, banking, metal, pharma, pharma and financial stocks ended in red. The broader NSE Nifty too had fallen 205.25 points, or 1.92 per cent, to end at 10,488.45. The rupee had also weakened against the US dollar in intra-day trade to hit 71.44 per due to fresh foreign fund outflows which further pulled down the markets.

Sensex dives 500 points over Urjit Patel's resignation, state poll trends

Indian markets on Tuesday regained the losses incurred during the day and ended higher.

The stock market regained composure towards the end of the session, with the Nifty closing 0.58 per cent higher at 10,549.15, while the benchmark Sensex ended 0.54 per cent firmer at 35,150.01, news agency Reuters reported.&nbsp;

While BSE Sensex registered over 130 points, Nifty went up at 10,532.90 points, 44.45 points higher during the late-afternoon trade.

Around 2.20pm, the Sensex traded at 35,095.26, up by 135.54 points or 0.39 per cent from the previous close of 34,959.72 points.&nbsp;

BSE Sensex opened at 34,584.13 and witnessed a low 34,426.29 points.

The sudden resignation of Urjit Patel as the RBI governor had caused significant losses to markets in early trade today.

Early election trends also affected the domestic market which showed the Bharatiya Janata Party in a tight race with the Congress in the three out of five states.

Indian markets on Tuesday regained the losses incurred during the day and ended higher. The stock market regained composure towards the end of the session, with the Nifty closing 0.

Indian markets on Tuesday regained the losses incurred during the day and ended higher. The stock market regained composure towards the end of the session, with the Nifty closing 0.58 per cent higher at 10,549.15, while the benchmark Sensex ended 0.54 per cent firmer at 35,150.01, news agency Reuters reported. While BSE Sensex registered over 130 points, Nifty went up at 10,532.90 points, 44.45 points higher during the late-afternoon trade. Around 2.20pm, the Sensex traded at 35,095.26, up by 135.54 points or 0.39 per cent from the previous close of 34,959.72 points. BSE Sensex opened at 34,584.13 and witnessed a low 34,426.29 points. The sudden resignation of Urjit Patel as the RBI governor had caused significant losses to markets in early trade today. Early election trends also affected the domestic market which showed the Bharatiya Janata Party in a tight race with the Congress in the three out of five states.

Markets end in green, Sensex closes 0.54% firmer

Indian markets recouped sharp early losses by mid-morning on Tuesday as election results in three states were not as poor for the ruling party as some expected, but anxiety about the central bank governor's resignation kept sentiment subdued.

Markets initially plunged in reaction to Reserve Bank of India Governor Urjit Patel's unexpected resignation late on Monday, which shocked many investors.

"Patel's resignation bodes poorly for macroeconomic and financial stability in India," Fitch Solutions Macro Research, a unit of Fitch Group, said in a note on Tuesday.

The Nifty tumbled as much as 1.47 per cent, but at 0752 GMT was up 0.5 per cent.

The rupee had dropped 1.5 per cent to a one-month low of 72.4625 per dollar in early trade, but pared most losses to be 71.76 versus its previous close of 71.35.

It touched the day's high of 71.68 with some dollar-selling intervention by state-run banks on behalf of the RBI also helping.

The benchmark 10-year bond yield was down 7 basis points on the day at 7.52 per cent after initially rising as high as 7.71 per cent.

"Today's reaction by the markets is surprising to some, but it's a classic 'buy the rumour, sell the news' reaction. The news is already in the market price," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities in New Delhi.

Patel's resignation came after a month-long tussle over policy with the government that has raised concerns about the central bank's independence as a national election nears.

Government officials had been pressuring the RBI to allow some public sector banks laden with bad debt to lend more easily, and pushed for the central bank to hand over some of its surplus reserves to help fund the fiscal deficit.

ELEVATED VOLATILITY?

"Though both parties have valid arguments on their points of view, the sudden resignation raises questions on whether the Indian government is trying to restrain public institutions and undermine RBI's independence," said Anuja Munde, portfolio manager at Nikko Asset Management in Singapore.

"This resignation, along with political uncertainty, will keep the market volatility elevated in the run-up to the 2019 general elections."

But after early Tuesday tumble in the wake of Patel's resignation, and as election results from three Indian states came in, the market changed course.

A senior trader at a large state-run bank said they had been buying debt as all negative news that had been feared has been delivered.

"Now we have to look forward. Markets are now being governed by macro fundamentals which look good as oil is stable and no rate hikes are expected any time soon."

The ruling Bhartiya Janata Party (BJP) could lose power in the three key states, four TV networks said on Tuesday, citing votecount leads, potentially handing Prime Minister Narendra Modi his biggest defeat since he took office in 2014, and months ahead of a general election.

Still, some analysts thought the results would be worse for Modi and BJP.

"Uncertainty from the elections seem to be behind us now. If it had been a whitewash, with high margins of defeat for the BJP, then markets would have been under more pressure," said S Krishnakumar, chief investment officer for equities at Sundaram Asset Management in Chennai.

Indian markets recouped sharp early losses by mid-morning on Tuesday as election results in three states were not as poor for the ruling party as some expected, but anxiety about the central bank governor's resignation kept sentiment subdued.

Indian markets recouped sharp early losses by mid-morning on Tuesday as election results in three states were not as poor for the ruling party as some expected, but anxiety about the central bank governor's resignation kept sentiment subdued. Markets initially plunged in reaction to Reserve Bank of India Governor Urjit Patel's unexpected resignation late on Monday, which shocked many investors. "Patel's resignation bodes poorly for macroeconomic and financial stability in India," Fitch Solutions Macro Research, a unit of Fitch Group, said in a note on Tuesday. The Nifty tumbled as much as 1.47 per cent, but at 0752 GMT was up 0.5 per cent. The rupee had dropped 1.5 per cent to a one-month low of 72.4625 per dollar in early trade, but pared most losses to be 71.76 versus its previous close of 71.35. It touched the day's high of 71.68 with some dollar-selling intervention by state-run banks on behalf of the RBI also helping. The benchmark 10-year bond yield was down 7 basis points on the day at 7.52 per cent after initially rising as high as 7.71 per cent. "Today's reaction by the markets is surprising to some, but it's a classic 'buy the rumour, sell the news' reaction. The news is already in the market price," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities in New Delhi. Patel's resignation came after a month-long tussle over policy with the government that has raised concerns about the central bank's independence as a national election nears. Government officials had been pressuring the RBI to allow some public sector banks laden with bad debt to lend more easily, and pushed for the central bank to hand over some of its surplus reserves to help fund the fiscal deficit. ELEVATED VOLATILITY? "Though both parties have valid arguments on their points of view, the sudden resignation raises questions on whether the Indian government is trying to restrain public institutions and undermine RBI's independence," said Anuja Munde, portfolio manager at Nikko Asset Management in Singapore. "This resignation, along with political uncertainty, will keep the market volatility elevated in the run-up to the 2019 general elections." But after early Tuesday tumble in the wake of Patel's resignation, and as election results from three Indian states came in, the market changed course. A senior trader at a large state-run bank said they had been buying debt as all negative news that had been feared has been delivered. "Now we have to look forward. Markets are now being governed by macro fundamentals which look good as oil is stable and no rate hikes are expected any time soon." The ruling Bhartiya Janata Party (BJP) could lose power in the three key states, four TV networks said on Tuesday, citing votecount leads, potentially handing Prime Minister Narendra Modi his biggest defeat since he took office in 2014, and months ahead of a general election. Still, some analysts thought the results would be worse for Modi and BJP. "Uncertainty from the elections seem to be behind us now. If it had been a whitewash, with high margins of defeat for the BJP, then markets would have been under more pressure," said S Krishnakumar, chief investment officer for equities at Sundaram Asset Management in Chennai.

Markets stage sharp recovery after early slide, aided by state election results

Market benchmark Sensex buckled under heavy selling pressure Monday, plummeting 714 points as investors panicked over exit polls suggesting the Congress giving a tough fight to the ruling BJP in state elections as also the bruised rupee and weak global cues further dampened sentiment.

The BSE Sensex cracked below the 35,000 mark, plunging 713.53 points, or 2 per cent, to close at 34,959.72.

Similarly, the broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45.

Exit polls for the recently concluded assembly elections have predicted a tight finish between the ruling BJP and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan, impacting trading pattern on the domestic bourses in a big way.

Besides,&nbsp;<a href="http://www.wionews.com/business-economy/rupee-falls-59-paise-to-7140-against-us-dollar-182799">a weakening rupee,</a> which hit 71.44 per dollar intra-day, and fresh foreign fund outflows further pulled the key indices.

All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks.

Kotak Bank shares cracked over 6 per cent after the bank said it had moved the Bombay High Court against RBI's decision with respect to the bank reducing promoter holding using preference shares.

In August, Uday Kotak, the founder and promoter of Kotak Mahindra Bank, has pared down his stake in the bank to 19.70 per cent from about 30 per cent following the issuance of preference shares.

Within a few days, the Reserve Bank said the stake dilution by Kotak does not meet its regulatory norms on the same, something the private sector lender contested.

Other top losers include&nbsp;<a href="http://www.wionews.com/business-economy/six-of-top-10-companies-lose-rs-54916-crore-in-m-cap-182615">Reliance Industries</a>, Asian Paints, Tata Motors, Adani Ports, Bharti Airtel, Sun Pharma, L&amp;T, PowerGrid, HDFC, Axis Bank and Bajaj Auto, falling up to 4 per cent.

Coal India and Maruti were the only two gainers on the 30-share index, rising up to 0.79 per cent.

Multiple factors impacted the market sentiment as the bears held complete control of the market from opening till the closing bell, said Joseph Thomas, Head Research, Emkay Wealth Management.

This was the biggest one-day fall in the last two months for both indices, falling up to 2 per cent, he said.&nbsp;

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 817.40 crore Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 242.56 crore, provisional data available with BSE showed.

Brent crude oil futures was trading at 0.31 per cent down at USD 61.48 per barrel.

Elsewhere in Asia, Korea's Kospi fell 1.06 per cent, Japan's Nikkei dropped 2.12 per cent, Hong Kong's Hang Seng shed 1.19 per cent and the Shanghai Composite Index tumbled 0.82 per cent.

In Europe, Frankfurt's DAX shed 0.67 per cent and Paris' CAC 40 fell 0.47 per cent in early deals. London's FTSE too slipped 0.41 per cent.

Market benchmark Sensex buckled under heavy selling pressure Monday, plummeting 714 points as investors panicked over exit polls suggesting the Congress giving a tough fight to the ruling BJP in state elections as also the bruised rupee and weak global cues further dampened sentiment.

Market benchmark Sensex buckled under heavy selling pressure Monday, plummeting 714 points as investors panicked over exit polls suggesting the Congress giving a tough fight to the ruling BJP in state elections as also the bruised rupee and weak global cues further dampened sentiment. The BSE Sensex cracked below the 35,000 mark, plunging 713.53 points, or 2 per cent, to close at 34,959.72. Similarly, the broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45. Exit polls for the recently concluded assembly elections have predicted a tight finish between the ruling BJP and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan, impacting trading pattern on the domestic bourses in a big way. Besides, a weakening rupee, which hit 71.44 per dollar intra-day, and fresh foreign fund outflows further pulled the key indices. All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks. Kotak Bank shares cracked over 6 per cent after the bank said it had moved the Bombay High Court against RBI's decision with respect to the bank reducing promoter holding using preference shares. In August, Uday Kotak, the founder and promoter of Kotak Mahindra Bank, has pared down his stake in the bank to 19.70 per cent from about 30 per cent following the issuance of preference shares. Within a few days, the Reserve Bank said the stake dilution by Kotak does not meet its regulatory norms on the same, something the private sector lender contested. Other top losers include Reliance Industries, Asian Paints, Tata Motors, Adani Ports, Bharti Airtel, Sun Pharma, L&T, PowerGrid, HDFC, Axis Bank and Bajaj Auto, falling up to 4 per cent. Coal India and Maruti were the only two gainers on the 30-share index, rising up to 0.79 per cent. Multiple factors impacted the market sentiment as the bears held complete control of the market from opening till the closing bell, said Joseph Thomas, Head Research, Emkay Wealth Management. This was the biggest one-day fall in the last two months for both indices, falling up to 2 per cent, he said. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 817.40 crore Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 242.56 crore, provisional data available with BSE showed. Brent crude oil futures was trading at 0.31 per cent down at USD 61.48 per barrel. Elsewhere in Asia, Korea's Kospi fell 1.06 per cent, Japan's Nikkei dropped 2.12 per cent, Hong Kong's Hang Seng shed 1.19 per cent and the Shanghai Composite Index tumbled 0.82 per cent. In Europe, Frankfurt's DAX shed 0.67 per cent and Paris' CAC 40 fell 0.47 per cent in early deals. London's FTSE too slipped 0.41 per cent.

Sensex falls 714 points ahead of assembly election results

The benchmark BSE Sensex cracked over 650 points Monday as investors turned jittery over exit poll results ahead of the outcome of assembly election results of five states, weakening rupee and crude oil price rise amid an escalation in US-China trade tensions.

The results will be announced when ballots are counted on Tuesday.&nbsp;

The Sensex plunged 657 points to hit the day’s low at 35,016.08, while the Nifty is trading near the 10,500-level.&nbsp;

The exit polls Friday predicted a tight finish between the BJP and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan.

Global crude oil prices rose after Opec members and 10 other oil producing nations agreed Friday to cut output by 1.2 million barrels a day in a bid to boost prices.

Meanwhile, the rupee fell sharply today to 71.23 a dollar as compared to Friday’s close of 70.82.

Equity markets in Asia plummeted in early morning trade following weak trends in the US equity futures market. Investors are said to be worried about US-China trade tensions coming at the forefront again. The arrest of Huawei CFO as well as fresh import tariff rhetoric by the White House is dragging the markets in Asia.

Reuters reported that White House trade adviser Peter Navarro’s has hinted at raising tariff rates on Chinese imports if the two countries could not come to an agreement during the 90-day negotiating period.

The benchmark BSE Sensex cracked over 650 points Monday as investors turned jittery over exit poll results ahead of the outcome of assembly election results of five states, weakening rupee and crude oil price rise amid an escalation in US-China trade tensions.

The benchmark BSE Sensex cracked over 650 points Monday as investors turned jittery over exit poll results ahead of the outcome of assembly election results of five states, weakening rupee and crude oil price rise amid an escalation in US-China trade tensions. The results will be announced when ballots are counted on Tuesday. The Sensex plunged 657 points to hit the day’s low at 35,016.08, while the Nifty is trading near the 10,500-level. The exit polls Friday predicted a tight finish between the BJP and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan. Global crude oil prices rose after Opec members and 10 other oil producing nations agreed Friday to cut output by 1.2 million barrels a day in a bid to boost prices. Meanwhile, the rupee fell sharply today to 71.23 a dollar as compared to Friday’s close of 70.82. Equity markets in Asia plummeted in early morning trade following weak trends in the US equity futures market. Investors are said to be worried about US-China trade tensions coming at the forefront again. The arrest of Huawei CFO as well as fresh import tariff rhetoric by the White House is dragging the markets in Asia. Reuters reported that White House trade adviser Peter Navarro’s has hinted at raising tariff rates on Chinese imports if the two countries could not come to an agreement during the 90-day negotiating period.

Sensex slides 650 points on weak global cues, exit poll results; Nifty at 10,500

The BSE benchmark Sensex rebounded over 200 points to 35,540.49 Friday on fall in global crude oil prices and strengthening rupee against the US dollar.

Investors also took positive cues from Asian equities after US Fed Chairman Jerome Powell signalled that the three-year tightening cycle was drawing to a close, and IMF chief Christine Lagarde said that the US was not likely to see an economic contraction in the near term.

The rupee appreciated by 46 paise to 70.44 against the US dollar in early trade amid weakness in the greenback against some currencies overseas.

Oil prices extended their losses on worries that a meeting of Opec and non-Opec producers will not agree to a cut in output. Brent crude, the international benchmark, was trading 0.72 per cent lower at USD 59.63 per barrel.

The 30-share Sensex was trading 152.48 points, or 0.43 per cent, higher at 35,464.61. The index plunged 572.28 points, or 1.59 per cent, to close at 35,312.13 on Thursday.

The NSE Nifty was trading 38.55 points, or 0.36 per cent, higher at 10,639.70.

Top gainers include Asian Paints, ITC, Bajaj Auto, M&amp;M, ICICI Bank, Kotak Bank, Maruti, HDFC Bank, Hero MotoCorp, Infosys and Tata Motors, rising over 1.13 per cent. 
While top losers were Wipro, Coal India, ONGC, Tata Steel, HUL and TCS, falling up to 1.87 per cent.

Shares of HCL Technologies opened over 6 per cent lower after the company said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal.

The deal will be funded largely through internal accruals, with US $300 million of debt, HCL Tech said, adding that nearly half of the total amount will be paid at close of the deal.

This is the biggest acquisition for HCL Tech till date, and among the largest by an Indian tech company.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 72.47 crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 389.78 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was up 0.27 per cent, Japan's Nikkei rose 0.45 per cent and Shanghai Composite Index edged higher by 0.07 per cent in early trade.

On Wall Street, the Dow Jones Industrial Average index fell 79.40 points, or 0.32 per cent, to 24,947.67 on Thursday.&nbsp;

The BSE benchmark Sensex rebounded over 200 points to 35,540.49 Friday on fall in global crude oil prices and strengthening rupee against the US dollar. Investors also took positive cues from Asian equities after US Fed Chairman Jerome Powell signalled that the three-year tightening cycle was drawing to a close, and IMF chief Christine Lagarde said that the US was not likely to see an economic contraction in the near term.

The BSE benchmark Sensex rebounded over 200 points to 35,540.49 Friday on fall in global crude oil prices and strengthening rupee against the US dollar. Investors also took positive cues from Asian equities after US Fed Chairman Jerome Powell signalled that the three-year tightening cycle was drawing to a close, and IMF chief Christine Lagarde said that the US was not likely to see an economic contraction in the near term. The rupee appreciated by 46 paise to 70.44 against the US dollar in early trade amid weakness in the greenback against some currencies overseas. Oil prices extended their losses on worries that a meeting of Opec and non-Opec producers will not agree to a cut in output. Brent crude, the international benchmark, was trading 0.72 per cent lower at USD 59.63 per barrel. The 30-share Sensex was trading 152.48 points, or 0.43 per cent, higher at 35,464.61. The index plunged 572.28 points, or 1.59 per cent, to close at 35,312.13 on Thursday. The NSE Nifty was trading 38.55 points, or 0.36 per cent, higher at 10,639.70. Top gainers include Asian Paints, ITC, Bajaj Auto, M&M, ICICI Bank, Kotak Bank, Maruti, HDFC Bank, Hero MotoCorp, Infosys and Tata Motors, rising over 1.13 per cent. While top losers were Wipro, Coal India, ONGC, Tata Steel, HUL and TCS, falling up to 1.87 per cent. Shares of HCL Technologies opened over 6 per cent lower after the company said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal. The deal will be funded largely through internal accruals, with US $300 million of debt, HCL Tech said, adding that nearly half of the total amount will be paid at close of the deal. This is the biggest acquisition for HCL Tech till date, and among the largest by an Indian tech company. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 72.47 crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 389.78 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng was up 0.27 per cent, Japan's Nikkei rose 0.45 per cent and Shanghai Composite Index edged higher by 0.07 per cent in early trade. On Wall Street, the Dow Jones Industrial Average index fell 79.40 points, or 0.32 per cent, to 24,947.67 on Thursday.

Market rebounds on easing crude, firming rupee; HCL Tech cracks 6 points

The rupee depreciated by 44 paise to close at 70.90 against the US dollar Thursday amid a strengthening greenback and sharp decline in equity markets.

The dollar and yen rose on safe-haven buying after the arrest of a top executive of Chinese telecom giant Huawei in Canada for suspected Iran sanctions violations renewed concerns over US-China relations.

Brent crude, the international benchmark, dropped 2.76 per cent to trade at USD 59.86 per barrel amid a crucial meeting of Opec members.

Meanwhile, Saudi Arabia's Oil Minister Khalid al Falih said Opec is looking for a "sufficient" cut in oil production to prop up plunging crude prices.

Forex traders said increasing demand for the greenback weighed on the domestic unit, which slipped below the 71 mark during the day.

After opening lower at 70.82, the rupee plunged to the day's low of 71.14 and finally settled for the day at 70.90, down 44 paise over its previous closing price.

On Wednesday, the rupee ticked higher by 3 paise to 70.46 against the US dollar.

"The US yield curve inverted signalling the possibility of a slowdown ahead for the US economy. Domestically, market participants remain concerned about election outcomes with state elections results due next week.

"These events were enough for investors to take money off the table and we witnessed a flight to quality as the INR weakened versus the dollar," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Benchmark equity indices cracked for the third consecutive session Thursday on negative global cues. The BSE Sensex plunged 572.28 points, or 1.59 per cent, to close at 35,312.13. Similarly, the broader NSE Nifty fell 181.75 points, or 1.69 per cent, to 10,601.15.

Foreign portfolio investors (FPIs) net bought shares worth Rs 72.47 crore Thursday, while domestic institutional investors (DIIs) offloaded equities to the tune of Rs 389.78 crore, provisional data showed.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.0371 and for rupee/euro at 80.5457. The reference rate for rupee/British pound was fixed at 90.2953 and for rupee/100 Japanese yen at 62.99.&nbsp;

The rupee depreciated by 44 paise to close at 70.90 against the US dollar Thursday amid a strengthening greenback and sharp decline in equity markets. The dollar and yen rose on safe-haven buying after the arrest of a top executive of Chinese telecom giant Huawei in Canada for suspected Iran sanctions violations renewed concerns over US-China relations.

The rupee depreciated by 44 paise to close at 70.90 against the US dollar Thursday amid a strengthening greenback and sharp decline in equity markets. The dollar and yen rose on safe-haven buying after the arrest of a top executive of Chinese telecom giant Huawei in Canada for suspected Iran sanctions violations renewed concerns over US-China relations. Brent crude, the international benchmark, dropped 2.76 per cent to trade at USD 59.86 per barrel amid a crucial meeting of Opec members. Meanwhile, Saudi Arabia's Oil Minister Khalid al Falih said Opec is looking for a "sufficient" cut in oil production to prop up plunging crude prices. Forex traders said increasing demand for the greenback weighed on the domestic unit, which slipped below the 71 mark during the day. After opening lower at 70.82, the rupee plunged to the day's low of 71.14 and finally settled for the day at 70.90, down 44 paise over its previous closing price. On Wednesday, the rupee ticked higher by 3 paise to 70.46 against the US dollar. "The US yield curve inverted signalling the possibility of a slowdown ahead for the US economy. Domestically, market participants remain concerned about election outcomes with state elections results due next week. "These events were enough for investors to take money off the table and we witnessed a flight to quality as the INR weakened versus the dollar," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management. Benchmark equity indices cracked for the third consecutive session Thursday on negative global cues. The BSE Sensex plunged 572.28 points, or 1.59 per cent, to close at 35,312.13. Similarly, the broader NSE Nifty fell 181.75 points, or 1.69 per cent, to 10,601.15. Foreign portfolio investors (FPIs) net bought shares worth Rs 72.47 crore Thursday, while domestic institutional investors (DIIs) offloaded equities to the tune of Rs 389.78 crore, provisional data showed. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.0371 and for rupee/euro at 80.5457. The reference rate for rupee/British pound was fixed at 90.2953 and for rupee/100 Japanese yen at 62.99.

Rupee drops 44 paise to 70.90 against dollar amid sharp sell-off in equities

The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market.

Forex traders said the strength of the US dollar against other overseas currencies and foreign fund outflows weighed on the local unit.

At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.82, then fell further to 71 against the American currency, down 54 paise over it's previous closing price.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed.

Meanwhile, the 30-share Sensex was trading 347.53 points, or 0.97 per cent, lower at 35,536.88 at 1000 hours.&nbsp;

Oil prices extended losses ahead of the meeting of Opec and non-Opec production companies. Brent crude, the international benchmark, was trading 0.83 per cent lower at US $61.05 per barrel.

The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market.

The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market. Forex traders said the strength of the US dollar against other overseas currencies and foreign fund outflows weighed on the local unit. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.82, then fell further to 71 against the American currency, down 54 paise over it's previous closing price. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed. Meanwhile, the 30-share Sensex was trading 347.53 points, or 0.97 per cent, lower at 35,536.88 at 1000 hours. Oil prices extended losses ahead of the meeting of Opec and non-Opec production companies. Brent crude, the international benchmark, was trading 0.83 per cent lower at US $61.05 per barrel.

Rupee falls 54 paise, touches 71 level against US dollar

The BSE benchmark Sensex cracked over 300 points and the NSE Nifty fell below 10,700 in early trade Thursday on heavy selloff in metal and oil stocks ahead of the Opec meeting to discuss production policy, amid weakness in Asian equities.

Global investor sentiment was weak as the chances of peaceful trade negotiations between the US and China dimmed on news that Huawei chief financial officer Meng Wanzhou had been held in Canada and faces extradition to the United States over alleged Iran sanctions breaches by the firm.

The 30-share Sensex was trading 298.53 points, or 0.83 per cent, lower at 35,585.88. The index tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41 on Wednesday.

In similar movement, the NSE Nifty was trading 94 points, or 0.87 per cent, lower at 10,688.90.

All sectoral indices were trading with losses, led by metal, oil and gas, realty, FMCG, auto and banking stocks.

Top losers include Vedanta, Bharti Airtel, Tata Steel, Yes Bank, Maruti, IndusInd Bank, ONGC, ICICI Bank, Tata Motors, Kotak Bank and NTPC, falling up to 3 per cent. 
While, gainers include Sun Pharma, PowerGrid and L&amp;T, rising up to 2 per cent.

Domestic investor sentiment was also weak after the Reserve Bank of India (RBI) Wednesday expectedly kept interest rates unchanged.

"From a market stand point, the expectation of a more accommodative view from RBI, in line with similar view on the US Fed rate trajectory was a disappointment, which explains the post-announcement volatility," said Dhananjay Sinha, Head of Research, Economist &amp; Strategist, Emkay Global Financial Services.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed.

The rupee, meanwhile, opened 33 paise lower at 70.79 against the US dollar in early trade.

Oil prices extended losses ahead of the meeting of Opec and non-Opec production companies. Brent crude, the international benchmark, was trading 0.83 per cent lower at US $61.05 per barrel.

Elsewhere in Asia, Hong Kong's Hang Seng was down 2.26 per cent, Japan's Nikkei fell 2.06 per cent and Shanghai Composite Index edged lower by 1.28 per cent in early trade.

Wall Street was closed for trade on Wednesday. The Dow Jones Industrial Average index cracked 799.36 points, or 3.10 per cent, to 25,027.07 on Tuesday.

The BSE benchmark Sensex cracked over 300 points and the NSE Nifty fell below 10,700 in early trade Thursday on heavy selloff in metal and oil stocks ahead of the Opec meeting to discuss production policy, amid weakness in Asian equities.

The BSE benchmark Sensex cracked over 300 points and the NSE Nifty fell below 10,700 in early trade Thursday on heavy selloff in metal and oil stocks ahead of the Opec meeting to discuss production policy, amid weakness in Asian equities. Global investor sentiment was weak as the chances of peaceful trade negotiations between the US and China dimmed on news that Huawei chief financial officer Meng Wanzhou had been held in Canada and faces extradition to the United States over alleged Iran sanctions breaches by the firm. The 30-share Sensex was trading 298.53 points, or 0.83 per cent, lower at 35,585.88. The index tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41 on Wednesday. In similar movement, the NSE Nifty was trading 94 points, or 0.87 per cent, lower at 10,688.90. All sectoral indices were trading with losses, led by metal, oil and gas, realty, FMCG, auto and banking stocks. Top losers include Vedanta, Bharti Airtel, Tata Steel, Yes Bank, Maruti, IndusInd Bank, ONGC, ICICI Bank, Tata Motors, Kotak Bank and NTPC, falling up to 3 per cent. While, gainers include Sun Pharma, PowerGrid and L&T, rising up to 2 per cent. Domestic investor sentiment was also weak after the Reserve Bank of India (RBI) Wednesday expectedly kept interest rates unchanged. "From a market stand point, the expectation of a more accommodative view from RBI, in line with similar view on the US Fed rate trajectory was a disappointment, which explains the post-announcement volatility," said Dhananjay Sinha, Head of Research, Economist & Strategist, Emkay Global Financial Services. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed. The rupee, meanwhile, opened 33 paise lower at 70.79 against the US dollar in early trade. Oil prices extended losses ahead of the meeting of Opec and non-Opec production companies. Brent crude, the international benchmark, was trading 0.83 per cent lower at US $61.05 per barrel. Elsewhere in Asia, Hong Kong's Hang Seng was down 2.26 per cent, Japan's Nikkei fell 2.06 per cent and Shanghai Composite Index edged lower by 1.28 per cent in early trade. Wall Street was closed for trade on Wednesday. The Dow Jones Industrial Average index cracked 799.36 points, or 3.10 per cent, to 25,027.07 on Tuesday.

Sensex cracks over 300 points, Nifty drops below 10,700

Benchmark equity indices cracked for the third consecutive session Thursday on negative global cues, weak rupee and sustained selling by foreign as well as domestic institutional investors.

The BSE Sensex plunged 572.28 points, or 1.59 per cent, to close at 35,312.13. Similarly, the broader NSE Nifty fell 181.75 points, or 1.69 per cent, to 10,601.15.

All sectoral indices on the BSE and NSE ended in the red, led by metal, oil and gas, pharma and financial stocks.

According to analysts, global markets were in a risk-off mode due to a fresh flare-up of tensions between China and the US. Oil prices are inching up on the expectation of production cuts by Russia and Opec, weakening rupee further.

The rupee was trading 36 paise lower at 70.82 against the US dollar intra-day. The currency fell to an intra-day low of 71 per dollar mark amid strengthening American currency and weak domestic equity market.

Oil prices extended losses ahead of the crucial Opec meeting. Brent crude, the international benchmark, was trading 1.82 per cent lower at USD 59.74 per barrel.

Top losers in the session included Maruti, Tata Motors, Reliance Industries, Yes Bank, Adani Ports, Bharti Airtel, Asian Paints, ONGC, HUL, Kotak Bank, IndusInd Bank and Axis Bank, falling up to 5 per cent.

Sun Pharma was the sole gainer on the Sensex, rising 1.57 per cent. 
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed.

Elsewhere in Asia, Korea's Kospi fell 1.55 per cent, Japan's Nikkei dropped 1.91 per cent, Hong Kong's Hang Seng shed 2.47 per cent and the Shanghai Composite Index fell 1.68 per cent.

In Europe, Frankfurt's DAX shed 2.36 per cent and Paris' CAC 40 fell 2.21 per cent in early deals. London's FTSE too slipped 2.50 per cent.

Benchmark equity indices cracked for the third consecutive session Thursday on negative global cues, weak rupee and sustained selling by foreign as well as domestic institutional investors.

Benchmark equity indices cracked for the third consecutive session Thursday on negative global cues, weak rupee and sustained selling by foreign as well as domestic institutional investors. The BSE Sensex plunged 572.28 points, or 1.59 per cent, to close at 35,312.13. Similarly, the broader NSE Nifty fell 181.75 points, or 1.69 per cent, to 10,601.15. All sectoral indices on the BSE and NSE ended in the red, led by metal, oil and gas, pharma and financial stocks. According to analysts, global markets were in a risk-off mode due to a fresh flare-up of tensions between China and the US. Oil prices are inching up on the expectation of production cuts by Russia and Opec, weakening rupee further. The rupee was trading 36 paise lower at 70.82 against the US dollar intra-day. The currency fell to an intra-day low of 71 per dollar mark amid strengthening American currency and weak domestic equity market. Oil prices extended losses ahead of the crucial Opec meeting. Brent crude, the international benchmark, was trading 1.82 per cent lower at USD 59.74 per barrel. Top losers in the session included Maruti, Tata Motors, Reliance Industries, Yes Bank, Adani Ports, Bharti Airtel, Asian Paints, ONGC, HUL, Kotak Bank, IndusInd Bank and Axis Bank, falling up to 5 per cent. Sun Pharma was the sole gainer on the Sensex, rising 1.57 per cent. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed. Elsewhere in Asia, Korea's Kospi fell 1.55 per cent, Japan's Nikkei dropped 1.91 per cent, Hong Kong's Hang Seng shed 2.47 per cent and the Shanghai Composite Index fell 1.68 per cent. In Europe, Frankfurt's DAX shed 2.36 per cent and Paris' CAC 40 fell 2.21 per cent in early deals. London's FTSE too slipped 2.50 per cent.

Sensex tanks 572 points on global equity meltdown

The BSE benchmark Sensex dropped over 200 points in early trade Wednesday following a&nbsp;heavy selloff in global equities after concerns over US-China trade war resurfaced.

Global investor sentiment turned weak after uncertainty over negotiations between the US and China countries during the next 90 days rose.

US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce at the G20 meet.

Trump, however, muddied the waters by opening the possibility of an extension. "The negotiations with China have already started. Unless extended, they will end 90 days" from Saturday, Trump tweeted.&nbsp;

The 30-share index was trading 209.22 points, or 0.58 per cent, lower at 35,925.09. The index broke its six-session rising streak Tuesday, ending 106.69 points, or 0.29 per cent, down at 36,134.31.&nbsp;

In a similar movement, the NSE Nifty was trading 75.90 points, or 0.70 per cent, lower at 10,793.60.

Domestic investors were also cautious ahead of the outcome of the Reserve Bank of India's fifth bimonthly monetary policy meeting for 2018-19.

All sectoral indices were trading with losses, led by metal, FMCG, auto and banking stocks&nbsp;

Top losers include Tata Motors, IndusInd Bank, Tata Steel, Vedanta, M&amp;M, ITC, Kotak Bank, Yes Bank, Wipro, TCS, Sun Pharma, HUL, ICICI Bank, falling up to 2 per cent.

While, gainers include ONGC, Adani Ports, NTPC, SBI and Asian Paints, rising up to 1 per cent.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 55.89 crore Monday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 521.38 crore, provisional data available with BSE showed.

The rupee, meanwhile, opened 17 paise lower at 70.67 against the US dollar in early trade.

Brent crude, the international benchmark, was trading 1.92 per cent lower at USD 60.89 per barrel.

Elsewhere in Asia, Hong Kong's Hang Seng was down 1.59 per cent, Japan's Nikkei fell 0.40 per cent and Shanghai Composite Index edged lower by 0.21 per cent in early trade.

On Wall Street, the Dow Jones Industrial Average index cracked 799.36 points, or 3.10 per cent, to 25,027.07 on Tuesday.

The BSE benchmark Sensex dropped over 200 points in early trade Wednesday following a heavy selloff in global equities after concerns over US-China trade war resurfaced.

The BSE benchmark Sensex dropped over 200 points in early trade Wednesday following a heavy selloff in global equities after concerns over US-China trade war resurfaced. Global investor sentiment turned weak after uncertainty over negotiations between the US and China countries during the next 90 days rose. US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce at the G20 meet. Trump, however, muddied the waters by opening the possibility of an extension. "The negotiations with China have already started. Unless extended, they will end 90 days" from Saturday, Trump tweeted. The 30-share index was trading 209.22 points, or 0.58 per cent, lower at 35,925.09. The index broke its six-session rising streak Tuesday, ending 106.69 points, or 0.29 per cent, down at 36,134.31. In a similar movement, the NSE Nifty was trading 75.90 points, or 0.70 per cent, lower at 10,793.60. Domestic investors were also cautious ahead of the outcome of the Reserve Bank of India's fifth bimonthly monetary policy meeting for 2018-19. All sectoral indices were trading with losses, led by metal, FMCG, auto and banking stocks Top losers include Tata Motors, IndusInd Bank, Tata Steel, Vedanta, M&M, ITC, Kotak Bank, Yes Bank, Wipro, TCS, Sun Pharma, HUL, ICICI Bank, falling up to 2 per cent. While, gainers include ONGC, Adani Ports, NTPC, SBI and Asian Paints, rising up to 1 per cent. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 55.89 crore Monday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 521.38 crore, provisional data available with BSE showed. The rupee, meanwhile, opened 17 paise lower at 70.67 against the US dollar in early trade. Brent crude, the international benchmark, was trading 1.92 per cent lower at USD 60.89 per barrel. Elsewhere in Asia, Hong Kong's Hang Seng was down 1.59 per cent, Japan's Nikkei fell 0.40 per cent and Shanghai Composite Index edged lower by 0.21 per cent in early trade. On Wall Street, the Dow Jones Industrial Average index cracked 799.36 points, or 3.10 per cent, to 25,027.07 on Tuesday.

Sensex falls over 200 points, Nifty slips below 10,800 on global selloff

Benchmark indices nursed losses for the second straight day Wednesday as the RBI left the repo rate unchanged, while global markets wobbled on renewed concerns over the US-China trade dispute.

The BSE Sensex tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41. Similarly, the broader NSE Nifty fell 84.55 points, or 0.74 per cent, to end at 10,784.95.

All sectoral indices on the BSE finished with losses, led by metal, pharma and rate-sensitive auto and banking stocks.

The Reserve Bank of India Wednesday left the repo rate unchanged at 6.5 per cent while maintaining the stance of 'calibrated tightening' of policy.

In a bid to boost lending, the RBI lowered the reserves lenders are compulsorily required to hold in the form of government securities.

However, it failed to enthuse the markets, which had opened weak and dropped further after RBI's policy announcement.

Weakness in the rupee against the US dollar also weighed on sentiment, traders said. The local unit fell 11 paise to 70.60 against the US dollar intra-day.

"Nifty performed in line with the weak international cues and shut the shop with losses... Nifty Midcap and Small-cap indices fell even sharply by 1.5 per cent and 1.8 per cent respectively.

"Key US indices tumbled more than 3 per cent on Tuesday on the combined onslaught of inversion in bond yields and fresh jitters on trade," said VK Sharma, Head PCG and Capital Markets Group, HDFC Securities.

Sun Pharma, under the regulatory lens for alleged corporate governance lapses, was the biggest loser in the Sensex pack, declining 6.59 per cent. 
Other laggards included Tata Steel, Vedanta, Tata Motors, M&amp;M, Coal India and ITC, falling up to 4.27 per cent.

Top gainers included HUL, HDFC, HDFC Bank, Wipro, Reliance Industries and Adani Ports, spurting up to 2.07 per cent.

Global investor sentiment turned weak following uncertainty over negotiations between the US and China on their trade dispute.

US President Donald Trump and his Chinese counterpart Xi Jinping had agreed to a truce at the G20 meet.

Trump, however, muddied the waters by suggesting the possibility of an extension of trade talks.

"The negotiations with China have already started. Unless extended, they will end 90 days" from Saturday, Trump tweeted.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 55.89 crore Tuesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 521.38 crore, provisional data available with BSE showed.

Brent crude, the international benchmark, was trading 0.53 per cent lower at USD 61.75 per barrel.

Elsewhere in Asia, Korea's Kospi fell 0.62 per cent, Japan's Nikkei dropped 0.53 per cent, Hong Kong's Hang Seng shed 1.62 per cent and Shanghai Composite Index gained 0.61 per cent.

In Europe, Frankfurt's DAX shed 0.91 per cent and Paris' CAC 40 fell 0.97 per cent. London's FTSE too slipped 0.95 per cent.

Benchmark indices nursed losses for the second straight day Wednesday as the RBI left the repo rate unchanged, while global markets wobbled on renewed concerns over the US-China trade dispute.

Benchmark indices nursed losses for the second straight day Wednesday as the RBI left the repo rate unchanged, while global markets wobbled on renewed concerns over the US-China trade dispute. The BSE Sensex tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41. Similarly, the broader NSE Nifty fell 84.55 points, or 0.74 per cent, to end at 10,784.95. All sectoral indices on the BSE finished with losses, led by metal, pharma and rate-sensitive auto and banking stocks. The Reserve Bank of India Wednesday left the repo rate unchanged at 6.5 per cent while maintaining the stance of 'calibrated tightening' of policy. In a bid to boost lending, the RBI lowered the reserves lenders are compulsorily required to hold in the form of government securities. However, it failed to enthuse the markets, which had opened weak and dropped further after RBI's policy announcement. Weakness in the rupee against the US dollar also weighed on sentiment, traders said. The local unit fell 11 paise to 70.60 against the US dollar intra-day. "Nifty performed in line with the weak international cues and shut the shop with losses... Nifty Midcap and Small-cap indices fell even sharply by 1.5 per cent and 1.8 per cent respectively. "Key US indices tumbled more than 3 per cent on Tuesday on the combined onslaught of inversion in bond yields and fresh jitters on trade," said VK Sharma, Head PCG and Capital Markets Group, HDFC Securities. Sun Pharma, under the regulatory lens for alleged corporate governance lapses, was the biggest loser in the Sensex pack, declining 6.59 per cent. Other laggards included Tata Steel, Vedanta, Tata Motors, M&M, Coal India and ITC, falling up to 4.27 per cent. Top gainers included HUL, HDFC, HDFC Bank, Wipro, Reliance Industries and Adani Ports, spurting up to 2.07 per cent. Global investor sentiment turned weak following uncertainty over negotiations between the US and China on their trade dispute. US President Donald Trump and his Chinese counterpart Xi Jinping had agreed to a truce at the G20 meet. Trump, however, muddied the waters by suggesting the possibility of an extension of trade talks. "The negotiations with China have already started. Unless extended, they will end 90 days" from Saturday, Trump tweeted. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 55.89 crore Tuesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 521.38 crore, provisional data available with BSE showed. Brent crude, the international benchmark, was trading 0.53 per cent lower at USD 61.75 per barrel. Elsewhere in Asia, Korea's Kospi fell 0.62 per cent, Japan's Nikkei dropped 0.53 per cent, Hong Kong's Hang Seng shed 1.62 per cent and Shanghai Composite Index gained 0.61 per cent. In Europe, Frankfurt's DAX shed 0.91 per cent and Paris' CAC 40 fell 0.97 per cent. London's FTSE too slipped 0.95 per cent.

Sensex tanks 250 points on RBI status quo, grim global cues

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