Benchmark indices traded higher for the second session on Wednesday, with BSE Sensex rising over 200 points and NSE&rsquo;s Nifty 50 inching near 10,200 in the opening trade.&nbsp;

The rupee was trading little changed against the US dollar ahead of the US Federal Reserve&rsquo;s policy statement due later on Wednesday.&nbsp;

The Sensitive Index (Sensex) of the BSE, which had closed at 32,996.76 points on Tuesday, opened higher at 33,090.82 points.

Minutes of trading, it was quoting at 33,191.94 points, up by 195.18 points, or 0.59 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,124.35 points on Tuesday, was quoting at 10,184.70 points, up by 60.35 points or 0.60 per cent.

Minutes of trading, it was quoting at 33,191.94 points, up by 195.18 points, or 0.59 per cent.

Benchmark indices traded higher for the second session on Wednesday, with BSE Sensex rising over 200 points and NSE’s Nifty 50 inching near 10,200 in the opening trade. The rupee was trading little changed against the US dollar ahead of the US Federal Reserve’s policy statement due later on Wednesday. The Sensitive Index (Sensex) of the BSE, which had closed at 32,996.76 points on Tuesday, opened higher at 33,090.82 points. Minutes of trading, it was quoting at 33,191.94 points, up by 195.18 points, or 0.59 per cent. At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,124.35 points on Tuesday, was quoting at 10,184.70 points, up by 60.35 points or 0.60 per cent.

Sensex jumps 200 points, Nifty near 10,200; banking stocks rise

&nbsp;The benchmark BSE Sensex today cracked below the 33,000-mark by falling nearly 253 points, extending its slide for the fifth straight session on unabated foreign fund outflows amid weak global cues.

Overall market sentiment remained weak after the RBI data released after market hours on Friday showed current account deficit (CAD) rose to 2 per cent of the GDP at $13.5 billion in the December quarter, up from 1.4 per cent in the year-ago period, due to a higher trade deficit.

The rupee also depreciated by 19 paise intra-day against the dollar at 65.13, which too had a negative influence.

Global cues too were weak as investors moved cautiously before the US Federal Reserve meeting, that is likely to raise US interest rates.

The BSE 30-share barometer opened higher at 33,268.97 and advanced to 33,275.79 in morning trade on value-buying in recently battered stocks by investors.

However, across-the-board profit booking at every rise, pulled it down to a low of 32,856.54.

The 30-share index finally settled down 252.88 points or 0.76 per cent at 32,923.12. This is the weakest closing since December 6 last when it settled at 32,597.18.

The gauge lost 741.94 points in the previous four sessions.

The wider NSE Nifty too fell by 100.90 points or 0.99 per cent to end at 10,094.25. It shuttled between 10,224.55 and 10,075.30 during the session.

Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 150.46 crore on Friday, while domestic institutional investors (DIIs) sold shares worth Rs 770.53 crore, as per the provisional data.&nbsp;

The rupee also depreciated by 19 paise intra-day against the dollar at 65.13, which too had a negative influence.

The benchmark BSE Sensex today cracked below the 33,000-mark by falling nearly 253 points, extending its slide for the fifth straight session on unabated foreign fund outflows amid weak global cues. Overall market sentiment remained weak after the RBI data released after market hours on Friday showed current account deficit (CAD) rose to 2 per cent of the GDP at $13.5 billion in the December quarter, up from 1.4 per cent in the year-ago period, due to a higher trade deficit. The rupee also depreciated by 19 paise intra-day against the dollar at 65.13, which too had a negative influence. Global cues too were weak as investors moved cautiously before the US Federal Reserve meeting, that is likely to raise US interest rates. The BSE 30-share barometer opened higher at 33,268.97 and advanced to 33,275.79 in morning trade on value-buying in recently battered stocks by investors. However, across-the-board profit booking at every rise, pulled it down to a low of 32,856.54. The 30-share index finally settled down 252.88 points or 0.76 per cent at 32,923.12. This is the weakest closing since December 6 last when it settled at 32,597.18. The gauge lost 741.94 points in the previous four sessions. The wider NSE Nifty too fell by 100.90 points or 0.99 per cent to end at 10,094.25. It shuttled between 10,224.55 and 10,075.30 during the session. Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 150.46 crore on Friday, while domestic institutional investors (DIIs) sold shares worth Rs 770.53 crore, as per the provisional data.

Sensex falls below 33,000-mark at close

Benchmark indices opened the week mildly higher amid volatility and mixed Asian cues on Monday.&nbsp;

Political uncertainty after TDP exit from NDA government last week seems digested by the market.

At 9:20 am, the Sensex was trading at 33,242, up 66.34 points, while the broader Nifty50 was ruling at 10,216, up 21.05 points.&nbsp;

In the broader market, the BSE Midcap and the BSE Smallcap indices gained 0.3 per cent and 0.4 per cent, respectively.&nbsp;

Vedanta, Aurobindo Pharma, Dr Reddy's Labs, Cipla, Sun Pharma, GAIL, Yes Bank and HUL were early gainers.

Benchmark indices opened the week mildly higher amid volatility and mixed Asian cues on Monday. Political uncertainty after TDP exit from NDA government last week seems digested by the market. At 9:20 am, the Sensex was trading at 33,242, up 66.34 points, while the broader Nifty50 was ruling at 10,216, up 21.05 points. In the broader market, the BSE Midcap and the BSE Smallcap indices gained 0.3 per cent and 0.4 per cent, respectively.

Sensex adds over 50 points, Nifty above 10,200

The<a href="http://www.wionews.com/business-economy/sensex-slips-130-points-on-weak-global-cues-nifty-tests-10300-35993"> BSE Sensex dropped</a> nearly 300 points, led by a selloff in energy, metal, oil &amp; gas, utilities and FMCG stocks amid subdued Asian trend.

Weakness in Asian markets on continued worries of trade tensions due to fears over US tariffs weighed on market sentiment.

Back home, Telugu Desam Party&#39;s (TDP) formal exit from the Narendra Modi government also spooked investors.

The 30-share index was trading at 33,399.65 at 1200hrs, down 285.89 points, or 0.85 per cent.

The broader NSE Nifty slipped below the key 10,300-level to 10,272.05, down 88.10 points, or 0.85 per cent.

Major losers were Tata Motors, ONGC, Tata Motors DVR, NTPC and Reliance Industries, falling up to 2 per cent.

Meanwhile, telecom and realty counters witnessed some buying interest.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 705.40 crore while domestic institutional investors (DIIs) bought shares worth Rs 256.45 crore yesterday, provisional data showed.

Asian markets fell weak volumes on Wall Street gave little impetus for traders overnight, ahead of next week&#39;s Federal Reserve meeting. 
US stocks ended mixed yesterday, as industrial and tech gains were offset by losses in the consumer and energy sector.&nbsp;

 
&nbsp;

The downslide was led by a selloff in energy, metal, oil & gas, utilities and FMCG stocks amid subdued Asian trend

The BSE Sensex dropped nearly 300 points, led by a selloff in energy, metal, oil & gas, utilities and FMCG stocks amid subdued Asian trend. Weakness in Asian markets on continued worries of trade tensions due to fears over US tariffs weighed on market sentiment. Back home, Telugu Desam Party's (TDP) formal exit from the Narendra Modi government also spooked investors. The 30-share index was trading at 33,399.65 at 1200hrs, down 285.89 points, or 0.85 per cent. The broader NSE Nifty slipped below the key 10,300-level to 10,272.05, down 88.10 points, or 0.85 per cent. Major losers were Tata Motors, ONGC, Tata Motors DVR, NTPC and Reliance Industries, falling up to 2 per cent. Meanwhile, telecom and realty counters witnessed some buying interest. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 705.40 crore while domestic institutional investors (DIIs) bought shares worth Rs 256.45 crore yesterday, provisional data showed. Asian markets fell weak volumes on Wall Street gave little impetus for traders overnight, ahead of next week's Federal Reserve meeting. US stocks ended mixed yesterday, as industrial and tech gains were offset by losses in the consumer and energy sector.

Sensex cracks nearly 300 points, Nifty slips below 10,300

The benchmark BSE Sensex fell over 130 points in early trade today amid weak Asian cues and selling on oil &amp; gas, metals, power, PSU and IT counters.

Brokers said persistent selling by investors, capital outflows by foreign funds and a weak trend in Asian bourses due to increased concerns over the prospect of a global trade war dampened market sentiment.

The Sensex was trading 136.94 points, or 0.40 per cent, down at 33,548.60. The gauge lost 232.40 points in the previous three straight sessions.

The 50-share Nifty also fell 50.95 points, or 0.49 per cent, to 10,309.20.

Kotak Bank, ONGC, NTPC, Asian Paint, Reliance Industries, HDFC, TCS, Infosys, ICICI Bank, ITC, SBI, IndusInd Bank and Tata Motors were among major losers, falling up to 1.40 per cent.

Shares of Gitanjali Gems continued to be under selling pressure, falling 4.63 per cent to Rs 12.35.

Hong Kong&#39;s Hang Seng was down 0.24 per cent and Shanghai Composite shed 0.11 per cent in early trade today. Japan&#39;s Nikkei too down 0.24 per cent.

The US Dow Jones Industrial Average, however, ended 0.47 per cent higher yesterday.

Fall in Sensex amid weak Asian cues and selling on oil and gas, metals, power, PSU and IT counters

The benchmark BSE Sensex fell over 130 points in early trade today amid weak Asian cues and selling on oil & gas, metals, power, PSU and IT counters. Brokers said persistent selling by investors, capital outflows by foreign funds and a weak trend in Asian bourses due to increased concerns over the prospect of a global trade war dampened market sentiment. The Sensex was trading 136.94 points, or 0.40 per cent, down at 33,548.60. The gauge lost 232.40 points in the previous three straight sessions. The 50-share Nifty also fell 50.95 points, or 0.49 per cent, to 10,309.20. Kotak Bank, ONGC, NTPC, Asian Paint, Reliance Industries, HDFC, TCS, Infosys, ICICI Bank, ITC, SBI, IndusInd Bank and Tata Motors were among major losers, falling up to 1.40 per cent. Shares of Gitanjali Gems continued to be under selling pressure, falling 4.63 per cent to Rs 12.35. Hong Kong's Hang Seng was down 0.24 per cent and Shanghai Composite shed 0.11 per cent in early trade today. Japan's Nikkei too down 0.24 per cent. The US Dow Jones Industrial Average, however, ended 0.47 per cent higher yesterday.

Sensex slips 130 points on weak global cues, Nifty tests 10,300

<a href="http://www.wionews.com/india-news/entertainment-irrfan-khan-has-been-diagnosed-with-a-neuroendocrine-tumour-leaves-the-country-for-treatment-36036">Irrfan Khan diagnosed with </a>neuroendocrine tumour, leaves country for treatment

Actor Irrfan Khan issued a fresh statement on Friday afternoon revealing that he has been diagnosed with a NeuroEndocrine tumour and he would be flying out of the country for treatment. In an official statement posted on Twitter, the actor revealed that dealing with the diseases has been difficult and he is thankful to those who gave him strength and love.&nbsp;

<a href="http://www.wionews.com/business-economy/sensex-nifty-see-sharpest-fall-in-over-1-month-36050">Sensex, Nifty </a><a href="http://www.wionews.com/business-economy/sensex-nifty-see-sharpest-fall-in-over-1-month-36050">see</a><a href="http://www.wionews.com/business-economy/sensex-nifty-see-sharpest-fall-in-over-1-month-36050"> </a><a href="http://www.wionews.com/business-economy/sensex-nifty-see-sharpest-fall-in-over-1-month-36050">sharpest</a><a href="http://www.wionews.com/business-economy/sensex-nifty-see-sharpest-fall-in-over-1-month-36050"> fall in over 1 month</a>

Indian shares fell 1.5 percent on Friday, the sharpest in more than a month, with financial and energy stocks leading the decline. The benchmark BSE Sensex declined 1.51 percent to 33,176, ending 0.4 percent lower for the week.

<a href="http://www.wionews.com/india-news/convicted-in-human-trafficking-case-singer-daler-mehndi-granted-bail-36018">Convicted in </a><a href="http://www.wionews.com/india-news/convicted-in-human-trafficking-case-singer-daler-mehndi-granted-bail-36018">human</a><a href="http://www.wionews.com/india-news/convicted-in-human-trafficking-case-singer-daler-mehndi-granted-bail-36018"> trafficking case, singer Daler Mehndi gets bail</a>

The popular Punjabi pop singer Daler Mehndi who was convicted by Patiala court on March 16 for human trafficking has now been granted bail. Daler Mehndi informed that he will now appear in high court.&nbsp;

<a href="http://www.wionews.com/india-news/rafale-deal-dassault-called-governments-lie-says-rahul-gandhi-36071">Rafale deal: Dassault called government&#39;s lie, says Rahul Gandhi</a>

Congress president Rahul Gandhi on Friday once again attacked the Modi government over Rafale plane deal. Rahul Gandhi&#39;s tweet comes days after Congress targeted the NDA government over the Rafale deal, alleging that it was turning out to be a mother scam, and asked the government to come clean.

<a href="http://www.wionews.com/india-news/over-90-indians-are-sleep-deprived-study-36039">Over 90% Indians are sleep deprived: Study</a>

According to a recent study, people who got to bed after 10 pm are sleep deprived, irrespective of the numbers of hours of sleep. Conducted by Godrej Interio, the study revealed that sleeping post 10 pm is clinically declared as an inappropriate time to go to sleep as it triggers a change in the sleeping pattern that leads to sleep deprivation.

Irrfan Khan diagnosed with neuroendocrine tumour, leaves country for treatment Actor Irrfan Khan issued a fresh statement on Friday afternoon revealing that he has been diagnosed with a NeuroEndocrine tumour and he would be flying out of the country for treatment. In an official statement posted on Twitter, the actor revealed that dealing with the diseases has been difficult and he is thankful to those who gave him strength and love. Sensex, Nifty see sharpest fall in over 1 month Indian shares fell 1.5 percent on Friday, the sharpest in more than a month, with financial and energy stocks leading the decline. The benchmark BSE Sensex declined 1.51 percent to 33,176, ending 0.4 percent lower for the week. Convicted in human trafficking case, singer Daler Mehndi gets bail The popular Punjabi pop singer Daler Mehndi who was convicted by Patiala court on March 16 for human trafficking has now been granted bail. Daler Mehndi informed that he will now appear in high court. Rafale deal: Dassault called government's lie, says Rahul Gandhi Congress president Rahul Gandhi on Friday once again attacked the Modi government over Rafale plane deal. Rahul Gandhi's tweet comes days after Congress targeted the NDA government over the Rafale deal, alleging that it was turning out to be a mother scam, and asked the government to come clean. Over 90% Indians are sleep deprived: Study According to a recent study, people who got to bed after 10 pm are sleep deprived, irrespective of the numbers of hours of sleep. Conducted by Godrej Interio, the study revealed that sleeping post 10 pm is clinically declared as an inappropriate time to go to sleep as it triggers a change in the sleeping pattern that leads to sleep deprivation.

WION Evening News Brief, March 16, 2018

The BSE Sensex dropped by 150 points to close at 33,685.54 in a volatile trade, extending losses for the third day as banking, FMCG and IT shares fell amid fresh LoU fraud scare.

Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure after the CBI registered a fresh case relating to &quot;fraudulent&quot; issuance of Rs 9 crore of LoUs to Chandri Papers and Allied Products by PNB&#39;s Brady House branch.

Asian markets ended mixed after the Wall Street declined amid concerns that the US could impose severe tariffs on Chinese imports and that the US Federal Reserve could raise interest rates as early as next week.

Traders are also awaiting trade deficit data for February due later in the day, a broker said.

The World Bank and Fitch projected India&#39;s GDP growth at 7.3 per cent for the next financial year and accelerate further to 7.5 per cent in 2019-20, which helped limit the fall.

After opening in the positive zone at 33,843.47, the Sensex advanced to the day&#39;s high of 33,866.28 at the outset.

It later gave up gains and fell to a low of 33,637.28, dragged down by banking stocks.

However, the index managed to recoup some of the losses after European shares opened better. The 30-share barometer closed down by 150.20 points, or 0.44 per cent at 33,685.54.

The benchmark had lost 82.20 points in the previous two sessions.

The broader NSE Nifty, after cracking below the key 10,400-mark, touched a low of 10,346.20, before finally ending down 50.75 points, or 0.49 per cent, at 10,360.15.&nbsp;

Banking, FMCG and IT shares fell amid a fresh LoU fraud scare

The BSE Sensex dropped by 150 points to close at 33,685.54 in a volatile trade, extending losses for the third day as banking, FMCG and IT shares fell amid fresh LoU fraud scare. Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure after the CBI registered a fresh case relating to "fraudulent" issuance of Rs 9 crore of LoUs to Chandri Papers and Allied Products by PNB's Brady House branch. Asian markets ended mixed after the Wall Street declined amid concerns that the US could impose severe tariffs on Chinese imports and that the US Federal Reserve could raise interest rates as early as next week. Traders are also awaiting trade deficit data for February due later in the day, a broker said. The World Bank and Fitch projected India's GDP growth at 7.3 per cent for the next financial year and accelerate further to 7.5 per cent in 2019-20, which helped limit the fall. After opening in the positive zone at 33,843.47, the Sensex advanced to the day's high of 33,866.28 at the outset. It later gave up gains and fell to a low of 33,637.28, dragged down by banking stocks. However, the index managed to recoup some of the losses after European shares opened better. The 30-share barometer closed down by 150.20 points, or 0.44 per cent at 33,685.54. The benchmark had lost 82.20 points in the previous two sessions. The broader NSE Nifty, after cracking below the key 10,400-mark, touched a low of 10,346.20, before finally ending down 50.75 points, or 0.49 per cent, at 10,360.15.

Stocks fall for third day; Sensex drops 150 points, Nifty below 10,400

The benchmark BSE Sensex closed marginally down by 21 points at 33,835.74 after a choppy trade due to selling in oil and gas, auto and metal stocks amid a global sell-off on heightened trade war fears.

Asian stocks declined following an overnight slide in US equities after President Donald Trump replaced his moderate Secretary of State Rex Tillerson with a hawk, CIA Director Mike Pompeo, who supports a hardline approach with China and Iran.

The Sensex, after a gap down opening at 33,733.55 continued its slide to touch a low of 33,580.69.

Later, it recovered to 33,875.15 on firming trend in Europe and a recovery in major banking stocks following a benign wholesale inflation data.

The index finally settled 21.04 points or 0.06 per cent lower at 33,835.74. During the day, the barometer swung almost 295 points (both sides).

The broader NSE Nifty cracked below the key 10,400-mark to touch a low of 10,336.30, before finally ending 15.95 points, or 0.15 per cent, down at 10,410.90. Intra-day it touched a high of 10,420.35.

A fresh spell of selling dragged down most of the sectoral indices, led by oil &amp; gas, realty, metal, FMCG, power, capital goods, auto and PSU which fell up to 0.94 per cent.

&quot;Market traded in a range bound due to mixed trend in the global market but recouped the losses as banking stocks outperformed due to improvement in financial market liquidity. Ease in February WPI inflation to 2.48 per cent will further provide support to the market while any escalation in global risk may lead investors to stay cautious,&quot; Vinod Nair, Head of Research, Geojit Financial Services Ltd said.

Inflation based on wholesale prices eased to a seven-month low of 2.48 per cent in February on cheaper food articles, including vegetables, official data showed.

Banking stocks recovered from early lows to end in the green. Yes Bank rose 1.85 per cent to emerge as the biggest gainer among Sensex scrips. Axis Bank, SBI and ICICI Bank also pared early losses to end higher by up to 0.89 per cent.

Bank of Baroda, PNB, and HDFC Bank also rose up to 3.01 per cent.

RBI yesterday barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route used by fugitive jeweller Nirav Modi and his uncle Mehul Choksi for allegedly committing India&#39;s biggest bank fraud.

Gains in Maruti Suzuki, NTPC, Infosys, Adani Ports and L&amp;T helped the index limit its losses.

However, oil major ONGC dropped by 1.53 per cent after crude prices surged.

HeroMotoCorp took the biggest blow in the Sensex kitty by slumping 1.78 per cent followed by Tata Steel 1.25 per cent.

Other laggards included HDFC, Bajaj Auto, Bharti Airtel, Wipro, M&amp;M, Coal India, Power Grids, Sun Pharma, ITC, TCS, Asian Paints, Kotak Bank and RIL, falling up to 0.91 per cent.

Coal India fell 0.41 per cent after brokerage firm Citi downgraded the stock to neutral and lowered its target price.

Gitanjali Gems cracked 4.90 per cent to Rs 13.60 after National Stock Exchange (NSE) levied penalty on the company for failure to file financial results for the quarter ending December.

Sector-wise, the BSE oil &amp; gas index suffered the most by falling 0.94 per cent, followed by realty (0.52 per cent), metal (0.48 per cent), FMCG (0.28 per cent), power (0.17 per cent), capital goods (0.10 per cent), auto 0.09 and PSU 0.08 per cent.

Bucking the trend, the broader markets ended in the green, with the mid-cap index rising 0.28 per cent and small-cap up 0.28 per cent.

Key indices in rest of Asia declined, with Japan&#39;s Nikkei falling 0.87 per cent and Hong Kong&#39;s Hang Seng shed 0.53 per cent while Shanghai Composite Index down 0.57 per cent.

In the Eurozone, Paris CAC 40 rose 0.32 per cent while Frankfurt&#39;s DAX up 0.36 per cent in early deals. London&#39;s FTSE was higher 0.24 per cent.&nbsp;

The Sensex, after a gap down opening at 33,733.55 continued its slide to touch a low of 33,580.69

The benchmark BSE Sensex closed marginally down by 21 points at 33,835.74 after a choppy trade due to selling in oil and gas, auto and metal stocks amid a global sell-off on heightened trade war fears. Asian stocks declined following an overnight slide in US equities after President Donald Trump replaced his moderate Secretary of State Rex Tillerson with a hawk, CIA Director Mike Pompeo, who supports a hardline approach with China and Iran. The Sensex, after a gap down opening at 33,733.55 continued its slide to touch a low of 33,580.69. Later, it recovered to 33,875.15 on firming trend in Europe and a recovery in major banking stocks following a benign wholesale inflation data. The index finally settled 21.04 points or 0.06 per cent lower at 33,835.74. During the day, the barometer swung almost 295 points (both sides). The broader NSE Nifty cracked below the key 10,400-mark to touch a low of 10,336.30, before finally ending 15.95 points, or 0.15 per cent, down at 10,410.90. Intra-day it touched a high of 10,420.35. A fresh spell of selling dragged down most of the sectoral indices, led by oil & gas, realty, metal, FMCG, power, capital goods, auto and PSU which fell up to 0.94 per cent. "Market traded in a range bound due to mixed trend in the global market but recouped the losses as banking stocks outperformed due to improvement in financial market liquidity. Ease in February WPI inflation to 2.48 per cent will further provide support to the market while any escalation in global risk may lead investors to stay cautious," Vinod Nair, Head of Research, Geojit Financial Services Ltd said. Inflation based on wholesale prices eased to a seven-month low of 2.48 per cent in February on cheaper food articles, including vegetables, official data showed. Banking stocks recovered from early lows to end in the green. Yes Bank rose 1.85 per cent to emerge as the biggest gainer among Sensex scrips. Axis Bank, SBI and ICICI Bank also pared early losses to end higher by up to 0.89 per cent. Bank of Baroda, PNB, and HDFC Bank also rose up to 3.01 per cent. RBI yesterday barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route used by fugitive jeweller Nirav Modi and his uncle Mehul Choksi for allegedly committing India's biggest bank fraud. Gains in Maruti Suzuki, NTPC, Infosys, Adani Ports and L&T helped the index limit its losses. However, oil major ONGC dropped by 1.53 per cent after crude prices surged. HeroMotoCorp took the biggest blow in the Sensex kitty by slumping 1.78 per cent followed by Tata Steel 1.25 per cent. Other laggards included HDFC, Bajaj Auto, Bharti Airtel, Wipro, M&M, Coal India, Power Grids, Sun Pharma, ITC, TCS, Asian Paints, Kotak Bank and RIL, falling up to 0.91 per cent. Coal India fell 0.41 per cent after brokerage firm Citi downgraded the stock to neutral and lowered its target price. Gitanjali Gems cracked 4.90 per cent to Rs 13.60 after National Stock Exchange (NSE) levied penalty on the company for failure to file financial results for the quarter ending December. Sector-wise, the BSE oil & gas index suffered the most by falling 0.94 per cent, followed by realty (0.52 per cent), metal (0.48 per cent), FMCG (0.28 per cent), power (0.17 per cent), capital goods (0.10 per cent), auto 0.09 and PSU 0.08 per cent. Bucking the trend, the broader markets ended in the green, with the mid-cap index rising 0.28 per cent and small-cap up 0.28 per cent. Key indices in rest of Asia declined, with Japan's Nikkei falling 0.87 per cent and Hong Kong's Hang Seng shed 0.53 per cent while Shanghai Composite Index down 0.57 per cent. In the Eurozone, Paris CAC 40 rose 0.32 per cent while Frankfurt's DAX up 0.36 per cent in early deals. London's FTSE was higher 0.24 per cent.

Sensex, Nifty slip as metal, auto stocks decline

Asian markets tumbled on Wednesday as news that Donald Trump had replaced his moderate secretary of state with a hawk fanned fears of instability in the White House and a more hardline approach to foreign affairs.

News that Rex Tillerson had been sacked rattled US equities, which had been buoyed earlier Tuesday by a soft inflation report that tempered talk of a sharp rise in interest rates.

The former oilman had been seen as taking a more pragmatic line on various issues, particularly on global trade and the Iran nuclear agreement.

He will be replaced by CIA chief Mike Pompeo, who is an advocate of taking a hardline with China on trade and Iran.

Adding to the unease on trading floors were reports Trump is considering hitting China over alleged intellectual property theft, with an announcement on tech sector tariffs said to be lined up for as soon as next week.

&quot;The significance of a shift to a global trade and foreign policy hawk with the US on course for a trade showdown with China and diplomatic negotiations with North Korea, is very significant suggesting the US is readying for hardball negotiations,&quot; said Stephen Innes, head of Asia-Pacific trading at OANDA.

The move, which had been expected in some quarters, comes after Trump&#39;s pro-markets top economics advisor stepped down this month over controversial metals tariffs.

Tillerson marks the latest in a string of senior members of the administration to resign in 14 tumultuous months and reinforces a sense of uncertainty on Pennsylvania Avenue.

&quot;Markets one day may become exhausted if the staff turnover and perceived White House instability continues,&quot; Terry Haines, a senior political strategist at Evercore ISI, wrote in a note. &quot;Trump and the administration will have some work to do to reassure markets.&quot;

All three main US markets ended lower and Asia followed suit.

Tokyo fell 0.9 per cent, while Hong Kong shed 0.5 percent and Shanghai sank 0.6 per cent.

Sydney lost 0.7 per cent, Singapore fell 0.5 percent and Seoul was off 0.4 per cent while Wellington, Manila and Taipei also fell.

The news overshadowed data showing US inflation eased in February from January, which helped to wind back concerns that the improving economy was pushing the Fed to lift borrowing costs four times this year rather than the three earlier thought.

Those figures, combined with the Tillerson sacking, sent the dollar lower against the yen and pound, with sterling also getting support from improving British economic forecasts.

And on Wednesday traders continued to sell the greenback against all its major peers as well as most high-yielding currencies.

&quot;The dollar sell-off can be attributed to the combination of lower (inflation) and the White House revolving door syndrome that exudes little confidence in the administration,&quot; Innes said, adding that &quot;the moves in equities suggest investors are bracing for more worrying protectionist headlines&quot;.

In early European trade London and Paris each dipped 0.1 percent, while Frankfurt was flat.

News that Rex Tillerson had been sacked rattled US equities

Asian markets tumbled on Wednesday as news that Donald Trump had replaced his moderate secretary of state with a hawk fanned fears of instability in the White House and a more hardline approach to foreign affairs. News that Rex Tillerson had been sacked rattled US equities, which had been buoyed earlier Tuesday by a soft inflation report that tempered talk of a sharp rise in interest rates. The former oilman had been seen as taking a more pragmatic line on various issues, particularly on global trade and the Iran nuclear agreement. He will be replaced by CIA chief Mike Pompeo, who is an advocate of taking a hardline with China on trade and Iran. Adding to the unease on trading floors were reports Trump is considering hitting China over alleged intellectual property theft, with an announcement on tech sector tariffs said to be lined up for as soon as next week. "The significance of a shift to a global trade and foreign policy hawk with the US on course for a trade showdown with China and diplomatic negotiations with North Korea, is very significant suggesting the US is readying for hardball negotiations," said Stephen Innes, head of Asia-Pacific trading at OANDA. The move, which had been expected in some quarters, comes after Trump's pro-markets top economics advisor stepped down this month over controversial metals tariffs. Tillerson marks the latest in a string of senior members of the administration to resign in 14 tumultuous months and reinforces a sense of uncertainty on Pennsylvania Avenue. "Markets one day may become exhausted if the staff turnover and perceived White House instability continues," Terry Haines, a senior political strategist at Evercore ISI, wrote in a note. "Trump and the administration will have some work to do to reassure markets." All three main US markets ended lower and Asia followed suit. Tokyo fell 0.9 per cent, while Hong Kong shed 0.5 percent and Shanghai sank 0.6 per cent. Sydney lost 0.7 per cent, Singapore fell 0.5 percent and Seoul was off 0.4 per cent while Wellington, Manila and Taipei also fell. The news overshadowed data showing US inflation eased in February from January, which helped to wind back concerns that the improving economy was pushing the Fed to lift borrowing costs four times this year rather than the three earlier thought. Those figures, combined with the Tillerson sacking, sent the dollar lower against the yen and pound, with sterling also getting support from improving British economic forecasts. And on Wednesday traders continued to sell the greenback against all its major peers as well as most high-yielding currencies. "The dollar sell-off can be attributed to the combination of lower (inflation) and the White House revolving door syndrome that exudes little confidence in the administration," Innes said, adding that "the moves in equities suggest investors are bracing for more worrying protectionist headlines". In early European trade London and Paris each dipped 0.1 percent, while Frankfurt was flat.

Asian markets tumble after Tillerson firing

The benchmark BSE Sensex drifted <a href="http://www.wionews.com/business-economy/money-market-rupee-opens-higher-against-dollar-35751">150 points lower and the NSE Nifty</a> slipped below the 10,400-mark in early deals today on selling in metal, PSU and realty counters amid weak global cues.

Asian stocks declined following an overnight slide in US equities after President Donald Trump replaced his Secretary of State Rex Tillerson with CIA Director Mike Pompeo, extending a shake-up of his administration, spurring concerns about a one-sided approach to international trade.

The 30-share index dropped 166.17 points or 0.49 per cent to 33,690.61. The gauge had lost 61.16 points in the previous session.

Similarly, the NSE Nifty fell 37.90 points or 0.36 per cent to 10,388.95.

Sectoral indices led by metal, PSU, realty, oil &amp; gas, auto, power and bank stocks were trading in the negative zone, falling up to 0.87 per cent.

Banking shares such as SBI, ICICI Bank, Axis Bank, Bank of India, Yes Bank, Andhra Bank and Canara Bank also declined up to 2.30 per cent.

However, TCS, Infosys, Maruti Suzuki, Dr Reddy&#39;s, L&amp;T and Asian Paints trading in the green, gaining up to 0.74 per cent.

PNB stocks fell 4.23 per cent to Rs 93.85 after reports that the bank&#39;s exposure to alleged fraud may be over $2 billion.

Shares of Gitanjali Gems cracked 4.90 per cent to Rs 13.60 after National Stock Exchange (NSE) levied penalty on the company for failure to file financial results for quarter-ended 31 December.

Brokers said that the sentiment remained negative on weak trend in other Asian markets following a drop in Wall Street as US President Donald Trump replaced his secretary of state, and plans to impose new tariffs on China.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 1,613.39 crore while foreign portfolio investors (FPIs) also bought shares worth Rs 7,028.42 crore yesterday, provisional data showed.

In the Asian region, Japan&#39;s Nikkei fell 1.03 per cent, Hong Kong&#39;s Hang Seng shed 1.18 per cent in early trade. China&#39;s Shanghai Composite index too down 0.46 per cent.

NSE Nifty fell 37.90 points or 0.36 per cent to 10,388.95

The benchmark BSE Sensex drifted 150 points lower and the NSE Nifty slipped below the 10,400-mark in early deals today on selling in metal, PSU and realty counters amid weak global cues. Asian stocks declined following an overnight slide in US equities after President Donald Trump replaced his Secretary of State Rex Tillerson with CIA Director Mike Pompeo, extending a shake-up of his administration, spurring concerns about a one-sided approach to international trade. The 30-share index dropped 166.17 points or 0.49 per cent to 33,690.61. The gauge had lost 61.16 points in the previous session. Similarly, the NSE Nifty fell 37.90 points or 0.36 per cent to 10,388.95. Sectoral indices led by metal, PSU, realty, oil & gas, auto, power and bank stocks were trading in the negative zone, falling up to 0.87 per cent. Banking shares such as SBI, ICICI Bank, Axis Bank, Bank of India, Yes Bank, Andhra Bank and Canara Bank also declined up to 2.30 per cent. However, TCS, Infosys, Maruti Suzuki, Dr Reddy's, L&T and Asian Paints trading in the green, gaining up to 0.74 per cent. PNB stocks fell 4.23 per cent to Rs 93.85 after reports that the bank's exposure to alleged fraud may be over $2 billion. Shares of Gitanjali Gems cracked 4.90 per cent to Rs 13.60 after National Stock Exchange (NSE) levied penalty on the company for failure to file financial results for quarter-ended 31 December. Brokers said that the sentiment remained negative on weak trend in other Asian markets following a drop in Wall Street as US President Donald Trump replaced his secretary of state, and plans to impose new tariffs on China. Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 1,613.39 crore while foreign portfolio investors (FPIs) also bought shares worth Rs 7,028.42 crore yesterday, provisional data showed. In the Asian region, Japan's Nikkei fell 1.03 per cent, Hong Kong's Hang Seng shed 1.18 per cent in early trade. China's Shanghai Composite index too down 0.46 per cent.

Sensex, Nifty fall in early trade

Amid mixed global cues, the rupee opened 2 paise higher at 64.87 against the US dollar today at the Interbank Foreign Exchange on selling of the greenback by exporters and banks.

The dollar weakened against some currencies overseas after US President Donald Trump sacked Secretary of State Rex Tillerson.

The release of US consumer price inflation data that was in line with expectations, dampening more aggressive rate-hike forecasts added to the weakness in dollar and lent some support to the domestic unit. However, a lower opening of equity market here capped any gains gain, forex dealers said.

Yesterday, the rupee had gained 15 paise to close at 64.89 against the US currency on heavy foreign fund inflows after strong macro-economic data.

Meanwhile, the benchmark BSE Sensex fell 142.82 points, or 0.42 per cent, to 33,713.96 in morning trade.

The dollar weakened against some currencies overseas after US President Donald Trump sacked Secretary of State Rex Tillerson.

Amid mixed global cues, the rupee opened 2 paise higher at 64.87 against the US dollar today at the Interbank Foreign Exchange on selling of the greenback by exporters and banks. The dollar weakened against some currencies overseas after US President Donald Trump sacked Secretary of State Rex Tillerson. The release of US consumer price inflation data that was in line with expectations, dampening more aggressive rate-hike forecasts added to the weakness in dollar and lent some support to the domestic unit. However, a lower opening of equity market here capped any gains gain, forex dealers said. Yesterday, the rupee had gained 15 paise to close at 64.89 against the US currency on heavy foreign fund inflows after strong macro-economic data. Meanwhile, the benchmark BSE Sensex fell 142.82 points, or 0.42 per cent, to 33,713.96 in morning trade.

Money market: Rupee opens higher against dollar

The benchmark BSE Sensex turned choppy on tepid cues from overseas market, despite positive macroeconomic data and appreciating rupee.

The 30-share barometer rose 44.58 points, or 0.13 per cent, to 33,962.52 in an&nbsp;early session. However, a weak trend in other Asian markets following negative lead from Wall Street, restricted the gains.

The gauge rallied 610.80 points in the previous session, logging its biggest single-day gain in two years.

Sectoral indices led by consumer durables, capital goods, realty, bankex, oil &amp; gas, PSU, FMCG, healthcare and auto were trading in the green, rising up to 0.66 per cent.

The NSE index Nifty climbed 19.65 points, or 0.18 per cent, to 10,441.05.

Major gainers were Wipro, Bharti Airtel, SBI, Sun Pharma, rising up to 2.15 per cent. While, TCS, Coal India and NTPC were the top losers.

Shares of Tata Consultancy Services (TCS) cracked nearly 5 per cent after Tata Sons yesterday sold a 1.48 per cent stake in its flagship IT services firm to raise Rs 8,127 crore (USD 1.25 billion).

Brokers said buying picked up on select counters on positive economic data. Industrial production expanded to 7.5 per cent in January while retail inflation eased to 4.4 per cent in February, raising industry clamour for a rate cut by the RBI next month to maintain growth momentum.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 374.65 crore while domestic institutional investors (DIIs) sold shares worth Rs 464.59 crore yesterday, provisional data showed.

Overseas, most Asian stocks were trading lower following a fall in US stocks as focus turned to a US inflation report due today for clues on the pace of US Fed policy tightening.

In Asia, Hong Kong&#39;s Hang Seng was down 0.16 per cent, Japan&#39;s Nikkei fell 0.16 per cent and China&#39;s Shanghai Composite index slipped 0.17 per cent in early trade.

The US Dow Jones Industrial Average closed 0.62 per cent lower in yesterday&#39;s trade.

The NSE index Nifty climbed 19.65 points, or 0.18 per cent, to 10,441.05

The benchmark BSE Sensex turned choppy on tepid cues from overseas market, despite positive macroeconomic data and appreciating rupee. The 30-share barometer rose 44.58 points, or 0.13 per cent, to 33,962.52 in an early session. However, a weak trend in other Asian markets following negative lead from Wall Street, restricted the gains. The gauge rallied 610.80 points in the previous session, logging its biggest single-day gain in two years. Sectoral indices led by consumer durables, capital goods, realty, bankex, oil & gas, PSU, FMCG, healthcare and auto were trading in the green, rising up to 0.66 per cent. The NSE index Nifty climbed 19.65 points, or 0.18 per cent, to 10,441.05. Major gainers were Wipro, Bharti Airtel, SBI, Sun Pharma, rising up to 2.15 per cent. While, TCS, Coal India and NTPC were the top losers. Shares of Tata Consultancy Services (TCS) cracked nearly 5 per cent after Tata Sons yesterday sold a 1.48 per cent stake in its flagship IT services firm to raise Rs 8,127 crore (USD 1.25 billion). Brokers said buying picked up on select counters on positive economic data. Industrial production expanded to 7.5 per cent in January while retail inflation eased to 4.4 per cent in February, raising industry clamour for a rate cut by the RBI next month to maintain growth momentum. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 374.65 crore while domestic institutional investors (DIIs) sold shares worth Rs 464.59 crore yesterday, provisional data showed. Overseas, most Asian stocks were trading lower following a fall in US stocks as focus turned to a US inflation report due today for clues on the pace of US Fed policy tightening. In Asia, Hong Kong's Hang Seng was down 0.16 per cent, Japan's Nikkei fell 0.16 per cent and China's Shanghai Composite index slipped 0.17 per cent in early trade. The US Dow Jones Industrial Average closed 0.62 per cent lower in yesterday's trade.

Sensex cautious on weak global cues; TCS cracks 5%

The markets during the closing on Monday posted its biggest intraday gain in approximately 1.5 years.

The benchmark BSE Sensex spurted by 611 points &mdash; its biggest single-day gain since March 2016 &mdash; to finish at one-week high of 33,917.94 following a relief rally in global markets on growing prospects of the US economy.

Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months.

About 1380 shares advanced, 1341 shares declined, and 210 shares were unchanged, on Monday.

Investors lapped up recently battered metal, oil &amp; gas, FMCG, banking, power, infrastructure, IT, auto, and capital goods stocks amid fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours today, brokers said.

After opening on a strong footing, the Sensex advanced to hit a high of 33,962.48 on the back of fresh buying by domestic funds and retail investors.

However, later it declined to touch as the day&#39;s low of 33,468.16 before closing at 33,917.94, up by 610.55 points, or 1.83 per cent. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35.

The broader Nifty finished at 10,421.40, up 194.55 points, or 1.90 per cent. It touched a high of 10,433.65 points in day trade.

(With inputs from Agencies)

Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months.

The markets during the closing on Monday posted its biggest intraday gain in approximately 1.5 years. The benchmark BSE Sensex spurted by 611 points — its biggest single-day gain since March 2016 — to finish at one-week high of 33,917.94 following a relief rally in global markets on growing prospects of the US economy. Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months. About 1380 shares advanced, 1341 shares declined, and 210 shares were unchanged, on Monday. Investors lapped up recently battered metal, oil & gas, FMCG, banking, power, infrastructure, IT, auto, and capital goods stocks amid fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours today, brokers said. After opening on a strong footing, the Sensex advanced to hit a high of 33,962.48 on the back of fresh buying by domestic funds and retail investors. However, later it declined to touch as the day's low of 33,468.16 before closing at 33,917.94, up by 610.55 points, or 1.83 per cent. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35. The broader Nifty finished at 10,421.40, up 194.55 points, or 1.90 per cent. It touched a high of 10,433.65 points in day trade. (With inputs from Agencies)

Sensex closes after biggest intra-day record high in almost 1.5 years

The domestic indices continue to trade around 1% higher on Monday, mirroring gains in their key Asian counterparts.

The S&amp;P BSE Sensex surged 565 points to hit 33,872 in afternoon trade on Monday, ahead of inflation and industrial production data scheduled to be released later in the day. The broader Nifty 50 rose as much as 182 points to touch an intraday high of 10,409.&nbsp;

FMCG, IT, Teck, oil &amp; gas, metal, capital goods, banks and auto counters saw heavy buying activity ahead of key IIP and inflation numbers, to be released after market hours today.

Bharti Airtel, ITC, Tata Motors, Infosys, NTPC were among the top gainers, rising up to 3.59 per cent.

A firm trend in other Asian markets and higher opening in European bourses, following a good show by Wall Street on Friday, lifted investors&#39; mood in domestic markets.

In the global markets, a relief rally swept across Asian share markets on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.&nbsp;

MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan climbed 1.1 per cent, for a third session of gains. Japan&rsquo;s Nikkei jumped 1.5 per cent, showing little immediate reaction as Prime Minister Shinzo Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land.

Brokers said fresh buying by investors ahead of inflation data improved the market sentiment.

The government will announce inflation data based on consumer price index (CPI) and industrial production data after market hours today.

Inflation worries faded on Friday after US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 per cent after a spike in January.

Back home, the Nifty FMCG index was trading over 2% higher on Monday, led by a rise in the shares of United Spirits, ITC and Tata Global Beverages, while the Nifty IT index was up 1.5% as KPIT Technologies and HCL Technologies gained ground.&nbsp;

(With inputs from Agencies)

The Nifty FMCG index was trading over 2% higher on Monday, led by a rise in the shares of United Spirits, ITC and Tata Global Beverages, while the Nifty IT index was up 1.5% as KPIT Technologies and HCL Technologies gained ground.

The domestic indices continue to trade around 1% higher on Monday, mirroring gains in their key Asian counterparts. The S&P BSE Sensex surged 565 points to hit 33,872 in afternoon trade on Monday, ahead of inflation and industrial production data scheduled to be released later in the day. The broader Nifty 50 rose as much as 182 points to touch an intraday high of 10,409. FMCG, IT, Teck, oil & gas, metal, capital goods, banks and auto counters saw heavy buying activity ahead of key IIP and inflation numbers, to be released after market hours today. Bharti Airtel, ITC, Tata Motors, Infosys, NTPC were among the top gainers, rising up to 3.59 per cent. A firm trend in other Asian markets and higher opening in European bourses, following a good show by Wall Street on Friday, lifted investors' mood in domestic markets. In the global markets, a relief rally swept across Asian share markets on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.1 per cent, for a third session of gains. Japan’s Nikkei jumped 1.5 per cent, showing little immediate reaction as Prime Minister Shinzo Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land. Brokers said fresh buying by investors ahead of inflation data improved the market sentiment. The government will announce inflation data based on consumer price index (CPI) and industrial production data after market hours today. Inflation worries faded on Friday after US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 per cent after a spike in January. Back home, the Nifty FMCG index was trading over 2% higher on Monday, led by a rise in the shares of United Spirits, ITC and Tata Global Beverages, while the Nifty IT index was up 1.5% as KPIT Technologies and HCL Technologies gained ground. (With inputs from Agencies)

Sensex rises over 550 points, Nifty above 10,400 mark

The BSE Sensex surged over 300 points in early trade and the Nifty reclaimed the 10,300-level on fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours today.

Asian markets too were trading in the green on strong cues from Wall Street after a better-than-expected US jobs report on Friday.

The 30-share Sensex rallied 301.55 points, or 0.90 per cent, to 33,608.69 in opening trade. The index had lost 44.43 points in the previous session on Friday.

All the sectoral indices, led by IT, Teck, oil &amp; gas, FMCG and realty sectors, were trading in the green with gains up to 1.24 per cent.

The broader NSE Nifty rose 96.10 points, or 0.93 per cent, to 10,322.95.

Major gainers were ITC, Tata Steel, Sun Pharma, Infosys, Wipro, Adani Ports, Bharti Airtel, HDFC, RIL, IndusInd Bank, M&amp;M and L&amp;T, rising up to 2.74.

Meanwhile, SBI dropped nearly 1 per cent to Rs 250.80.

Brokers said fresh buying by investors and foreign funds amid a firm trend in other Asian bourses improved market sentiment.

The rupee too appreciated against the US dollar in opening trade.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 550.36 crore while domestic institutional investors (DIIs) sold shares worth Rs 65.00 crore on Friday, provisional data showed.

In the Asian region, Hong Kong&#39;s Hang Seng was up 1.68 per cent and Shanghai Composite Index rose 0.75 per cent, while Japan Nikkei edged higher by 1.72 per cent in early trade.

Meanwhile, the US Dow Jones Industrial Average ended 1.77 per cent higher on Friday.&nbsp;

Brokers said fresh buying by investors and foreign funds amid a firm trend in other Asian bourses improved market sentiment

The BSE Sensex surged over 300 points in early trade and the Nifty reclaimed the 10,300-level on fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours today. Asian markets too were trading in the green on strong cues from Wall Street after a better-than-expected US jobs report on Friday. The 30-share Sensex rallied 301.55 points, or 0.90 per cent, to 33,608.69 in opening trade. The index had lost 44.43 points in the previous session on Friday. All the sectoral indices, led by IT, Teck, oil & gas, FMCG and realty sectors, were trading in the green with gains up to 1.24 per cent. The broader NSE Nifty rose 96.10 points, or 0.93 per cent, to 10,322.95. Major gainers were ITC, Tata Steel, Sun Pharma, Infosys, Wipro, Adani Ports, Bharti Airtel, HDFC, RIL, IndusInd Bank, M&M and L&T, rising up to 2.74. Meanwhile, SBI dropped nearly 1 per cent to Rs 250.80. Brokers said fresh buying by investors and foreign funds amid a firm trend in other Asian bourses improved market sentiment. The rupee too appreciated against the US dollar in opening trade. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 550.36 crore while domestic institutional investors (DIIs) sold shares worth Rs 65.00 crore on Friday, provisional data showed. In the Asian region, Hong Kong's Hang Seng was up 1.68 per cent and Shanghai Composite Index rose 0.75 per cent, while Japan Nikkei edged higher by 1.72 per cent in early trade. Meanwhile, the US Dow Jones Industrial Average ended 1.77 per cent higher on Friday.

Sensex zooms 300 points in early trade

The BSE Sensex finished 43 points lower at 33,307.14 today after a bout of fag-end selling wiped out early gains.

Metal stocks came under heavy selling pressure after US President Donald Trump signed two proclamations that imposed tariffs on some steel and aluminium imports, sparking fears of retaliatory moves by other countries.

The 30-share index, which remained in the positive zone for the major part of the session, hit a high of 33,519.49 but succumbed to a late sell-off to end at 33,307.14, down 44.43 points, or 0.13 per cent.

The broad-based NSE Nifty, after shuttling between 10,296.70 and 10,211.90, finally ended 15.80 points, or 0.15 per cent down at 10,226.85.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 364.80 crore on net basis while domestic institutional investors (DIIs) bought shares worth Rs 675.26 crore yesterday, provisional data showed.

Metal stocks came under heavy selling pressure after US President Trump signed two proclamations that imposed tariffs on some steel and aluminum imports

The BSE Sensex finished 43 points lower at 33,307.14 today after a bout of fag-end selling wiped out early gains. Metal stocks came under heavy selling pressure after US President Donald Trump signed two proclamations that imposed tariffs on some steel and aluminium imports, sparking fears of retaliatory moves by other countries. The 30-share index, which remained in the positive zone for the major part of the session, hit a high of 33,519.49 but succumbed to a late sell-off to end at 33,307.14, down 44.43 points, or 0.13 per cent. The broad-based NSE Nifty, after shuttling between 10,296.70 and 10,211.90, finally ended 15.80 points, or 0.15 per cent down at 10,226.85. Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 364.80 crore on net basis while domestic institutional investors (DIIs) bought shares worth Rs 675.26 crore yesterday, provisional data showed.

Sensex ends marginally lower on late sell-off

The BSE Sensex extended gains for the second straight day by rising about 139 points in opening trade on sustained buying by domestic institutional investors amid a firm trend at other Asian bourses.

The 30-share barometer, which had gained 318.48 points in the previous session, was trading higher by 138.52 points, or 0.41 per cent, at 33,490.09. Sectoral indices led by Metal, IT, Teck, Consumer Durables and FMCG led the gains, rising by up to 0.64 per cent.

On similar lines, the NSE Nifty was up by 35.35 points, or 0.34 per cent, at 10,278 points.

Traders said sentiment remained upbeat on increased buying by domestic institutional investors and a firm trend at other Asian markets, extending gains on Wall Street following signs from the White House that US President Donald Trump&#39;s tariffs may be softer than initially feared.

Major gainers that supported the upmove were Bajaj Auto, Bharti Airtel, Asian Paints, Tata Steel, Adani Ports, Hero MotoCorp, HDFC, ITC and Dr Reddy&#39;s, rising by up to 1.03 per cent.

However, Gitanjali Gems remained under selling pressure and traded 4.82 per cent lower at Rs 15.80.

Domestic institutional investors bought shares worth a net Rs 675.26 crore, while foreign portfolio investors sold shares worth a net Rs 364.80 crore yesterday, provisional data showed.

Globally, Hong Kong&#39;s Hang Seng was up 0.85 per cent, Shanghai&#39;s Composite rose 0.11 per cent and Japan&#39;s Nikkei went up by 0.87 per cent in early deals.

The US Dow Jones Industrial Average ended 0.38 per cent higher in yesterday&#39;s trade.&nbsp;

The BSE Sensex extended gains for the second straight day by rising about 139 points in opening trade on sustained buying by domestic institutional investors amid a firm trend at other Asian bourses

The BSE Sensex extended gains for the second straight day by rising about 139 points in opening trade on sustained buying by domestic institutional investors amid a firm trend at other Asian bourses. The 30-share barometer, which had gained 318.48 points in the previous session, was trading higher by 138.52 points, or 0.41 per cent, at 33,490.09. Sectoral indices led by Metal, IT, Teck, Consumer Durables and FMCG led the gains, rising by up to 0.64 per cent. On similar lines, the NSE Nifty was up by 35.35 points, or 0.34 per cent, at 10,278 points. Traders said sentiment remained upbeat on increased buying by domestic institutional investors and a firm trend at other Asian markets, extending gains on Wall Street following signs from the White House that US President Donald Trump's tariffs may be softer than initially feared. Major gainers that supported the upmove were Bajaj Auto, Bharti Airtel, Asian Paints, Tata Steel, Adani Ports, Hero MotoCorp, HDFC, ITC and Dr Reddy's, rising by up to 1.03 per cent. However, Gitanjali Gems remained under selling pressure and traded 4.82 per cent lower at Rs 15.80. Domestic institutional investors bought shares worth a net Rs 675.26 crore, while foreign portfolio investors sold shares worth a net Rs 364.80 crore yesterday, provisional data showed. Globally, Hong Kong's Hang Seng was up 0.85 per cent, Shanghai's Composite rose 0.11 per cent and Japan's Nikkei went up by 0.87 per cent in early deals. The US Dow Jones Industrial Average ended 0.38 per cent higher in yesterday's trade.

Sensex extends gains, up 139 points in early trade on global cues

Snapping their six-day losing streak, stocks staged a strong comeback in early trade today, with the BSE Sensex rebounding by 274 points and the Nifty recapturing the 10,200-mark on fresh buying by domestic institutional investors.

Asian markets were also trading in the green, boosted by easing fears of a global trade war as the White House signalled it would water down plans for contentious metal tariffs.

The 30-share Sensex rose by 273.75 points, or 0.82 per cent, to 33,306.84 in early trade. The gauge had lost 1,412.66 points in the previous six sessions.

All the sectoral indices, led by realty, teck, IT, consumer durables and metal, were trading in the green with gains of up to 1.32 per cent.

The broad-based NSE Nifty went up by 80.65 points or 0.79 per cent to 10.234.85.

Major gainers that supported the recovery were ICICI Bank, HDFC Ltd, Bharti Airtel, Infosys, Tata Steel, RIL, Dr Reddy&#39;s, Axis Bank, ITC, Sun Pharma, Adani Ports, HUL, SBI, L&amp;T and Maruti Suzuki, rising up to 2.11 per cent.

Brokers said buying by domestic institutional investors amid a firm trend at other Asian bourses led the markets higher.

Domestic institutional investors bought shares worth a net Rs 409.34 crore, while foreign portfolio investors sold shares worth a net Rs 719.78 crore yesterday, provisional data showed.

In the Asian region, Hong Kong&#39;s Hang Seng was up 1.41 per cent, Japan&#39;s Nikkei rose 0.75 per cent and Shanghai Composite Index was up by 0.29 per cent in early trade. The US Dow Jones Industrial Average, however, ended 0.33 per cent lower in yesterday&#39;s trade.&nbsp;

Brokers said buying by domestic institutional investors amid a firm trend at other Asian bourses led the markets higher

Snapping their six-day losing streak, stocks staged a strong comeback in early trade today, with the BSE Sensex rebounding by 274 points and the Nifty recapturing the 10,200-mark on fresh buying by domestic institutional investors. Asian markets were also trading in the green, boosted by easing fears of a global trade war as the White House signalled it would water down plans for contentious metal tariffs. The 30-share Sensex rose by 273.75 points, or 0.82 per cent, to 33,306.84 in early trade. The gauge had lost 1,412.66 points in the previous six sessions. All the sectoral indices, led by realty, teck, IT, consumer durables and metal, were trading in the green with gains of up to 1.32 per cent. The broad-based NSE Nifty went up by 80.65 points or 0.79 per cent to 10.234.85. Major gainers that supported the recovery were ICICI Bank, HDFC Ltd, Bharti Airtel, Infosys, Tata Steel, RIL, Dr Reddy's, Axis Bank, ITC, Sun Pharma, Adani Ports, HUL, SBI, L&T and Maruti Suzuki, rising up to 2.11 per cent. Brokers said buying by domestic institutional investors amid a firm trend at other Asian bourses led the markets higher. Domestic institutional investors bought shares worth a net Rs 409.34 crore, while foreign portfolio investors sold shares worth a net Rs 719.78 crore yesterday, provisional data showed. In the Asian region, Hong Kong's Hang Seng was up 1.41 per cent, Japan's Nikkei rose 0.75 per cent and Shanghai Composite Index was up by 0.29 per cent in early trade. The US Dow Jones Industrial Average, however, ended 0.33 per cent lower in yesterday's trade.

Sensex rebounds 274 points, Nifty above 10,200 mark

Snapping its four-day <a href="http://www.wionews.com/india-news/sensex-drops-300-points-to-2-week-low-amid-global-trade-war-fears-34754">losing streak</a>, the benchmark Sensex recovered over 300 points in early trade today after metal stocks witnessed a rebound as concerns over a potential trade war faded, boosting global investor sentiment.

Metal stocks surged up to 3.48 per cent, led by gains in Jindal Steel, Vedanta, JSW Steel, Tata Steel, NMDC, Nalco, SAIL, Hindalco and Hindustan Zinc.

The 30-share index rose 313.35 points, or 0.92 per cent, to 34,060.13. The gauge had lost 698.97 points in the previous four sessions.

All the sectoral indices were trading in the green. Metal, realty, consumer durables, capital goods and banking counters gained up to 1.90 per cent.

The NSE Nifty rose 68.70 points, or 0.66 per cent, to 10.427.55.

Major gainers that supported the recovery were IndusInd Bank, Yes Bank, Tata Motors, ICICI Bank and Dr Reddy&#39;s.

Brokers said a fresh spell of buying by investors in beaten-down stocks and a firm trend at other Asian bourses aided gains in key indices after four days of losses.

Meanwhile, on a net basis, domestic institutional investors (DIIs) sold shares worth Rs 154.20 crore, while foreign portfolio investors (FPIs) sold shares of Rs 366.60 crore yesterday.

In the Asian region, Hong Kong&#39;s Hang Seng was up 1.06 per cent while Japan&#39;s Nikkei higher 2.12 per cent in early trade today. Shanghai Composite Index, however, shed 0.21 per cent.

The US Dow Jones Industrial Average ended 1.37 per cent higher yesterday.&nbsp;

Snapping its four-day losing streak, the benchmark Sensex recovered over 300 points in early trade today after metal stocks witnessed a rebound as concerns over a potential trade war faded, boosting global investor sentiment

Snapping its four-day losing streak, the benchmark Sensex recovered over 300 points in early trade today after metal stocks witnessed a rebound as concerns over a potential trade war faded, boosting global investor sentiment. Metal stocks surged up to 3.48 per cent, led by gains in Jindal Steel, Vedanta, JSW Steel, Tata Steel, NMDC, Nalco, SAIL, Hindalco and Hindustan Zinc. The 30-share index rose 313.35 points, or 0.92 per cent, to 34,060.13. The gauge had lost 698.97 points in the previous four sessions. All the sectoral indices were trading in the green. Metal, realty, consumer durables, capital goods and banking counters gained up to 1.90 per cent. The NSE Nifty rose 68.70 points, or 0.66 per cent, to 10.427.55. Major gainers that supported the recovery were IndusInd Bank, Yes Bank, Tata Motors, ICICI Bank and Dr Reddy's. Brokers said a fresh spell of buying by investors in beaten-down stocks and a firm trend at other Asian bourses aided gains in key indices after four days of losses. Meanwhile, on a net basis, domestic institutional investors (DIIs) sold shares worth Rs 154.20 crore, while foreign portfolio investors (FPIs) sold shares of Rs 366.60 crore yesterday. In the Asian region, Hong Kong's Hang Seng was up 1.06 per cent while Japan's Nikkei higher 2.12 per cent in early trade today. Shanghai Composite Index, however, shed 0.21 per cent. The US Dow Jones Industrial Average ended 1.37 per cent higher yesterday.

Sensex rallies 300 points, metal stocks rebound

The benchmark BSE Sensex today dropped by 300 points to close at a two-week low, extending its fall for the fourth straight session as metal, banking, oil &amp; gas and auto stocks slumped after the US president fuelled fears of a global trade war.

The 30-share barometer resumed lower and fell to a low of 33,653.41 in intra-day trade. The index settled at 33,746.78 down 300.16 points, or 0.88 per cent. The gauge had lost 398.81 in the previous three sessions.

This was the lowest closing since February 20 when it had finished at 33,703.59.

The 50-issue NSE Nifty too cracked below the 10,400-mark and hit a low of 10,323.90 before finishing 99.50 points, or 0.95 per cent down at 10,358.85.

Market sentiment was dampened as India&#39;s services sector contracted in February and fell to a six-month low, as new work orders suffered amid weak underlying demand conditions, says a monthly survey.

The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest level since August. 
Overseas, weakening trend in Asian bourses as the fallout from Trump&#39;s steel and aluminium tariffs continued to spook investors and dampen the market sentiment, brokers said.

The losses came even as Bharatiya Janata Party&#39;s strong showing in three Northeast states, they added.

The index settled at 33,746.78 down 300.16 points, or 0.88 per cent. The gauge had lost 398.81 in the previous three sessions.

The benchmark BSE Sensex today dropped by 300 points to close at a two-week low, extending its fall for the fourth straight session as metal, banking, oil & gas and auto stocks slumped after the US president fuelled fears of a global trade war. The 30-share barometer resumed lower and fell to a low of 33,653.41 in intra-day trade. The index settled at 33,746.78 down 300.16 points, or 0.88 per cent. The gauge had lost 398.81 in the previous three sessions. This was the lowest closing since February 20 when it had finished at 33,703.59. The 50-issue NSE Nifty too cracked below the 10,400-mark and hit a low of 10,323.90 before finishing 99.50 points, or 0.95 per cent down at 10,358.85. Market sentiment was dampened as India's services sector contracted in February and fell to a six-month low, as new work orders suffered amid weak underlying demand conditions, says a monthly survey. The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest level since August. Overseas, weakening trend in Asian bourses as the fallout from Trump's steel and aluminium tariffs continued to spook investors and dampen the market sentiment, brokers said. The losses came even as Bharatiya Janata Party's strong showing in three Northeast states, they added.

Sensex drops 300 points to 2-week low amid global trade war fears

The BSE Sensex fell 252 points to drop below the 34,000 mark and NSE Nifty shed over 90 points in opening trade today on heavy losses in metal, auto, oil and Gas, banking and PSU stocks after US President Donald Trump fuelled concerns of a global trade war.

Asian markets too turned negative as the fallout from Trump&#39;s steel and aluminium tariffs continued to spook investors and dampen market sentiment here, brokers said.

The 30-share barometer shed 251.56 points, or 0.73 per cent, to 33,795.38. The gauge had lost 398.81 in the previous three sessions.

The NSE Nifty was trading down by 90.40 points, or 0.86 per cent, at 10,367.95.

All sectoral indices led by metal, auto, oil &amp; gas banking and PSU stocks were trading in the negative terrain.

The laggards were Yes Bank, Tata Steel, Tata Motors, Coal India, Bharti Airtel, ONGC, HUL, Bajaj Auto, Dr Reddy&#39;s HDFC, Asian Paint, Power Grid, M&amp;M and SBI, falling up to 2.28 per cent.

Meanwhile, on a net basis, domestic institutional investors (DIIs) sold shares worth Rs 3.29 crore while foreign portfolio investors (FPIs) bought shares worth Rs 241.85 crore on Thursday, provisional data released by the stock exchanges showed.

In the Asian region, Hong Kong&#39;s Hang Seng fell 1.38 per cent, Japan&#39;s Nikkei shed 0.65 per cent, while Shanghai Composite Index down 0.35 per cent in their early deals.

The US Dow Jones Industrial Average ended 0.29 per cent lower on Friday.&nbsp;

 
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The downslide was caused by heavy losses in metal, auto, oil and Gas, banking and PSU stocks after US President Donald Trump fuelled concerns of a global trade war

The BSE Sensex fell 252 points to drop below the 34,000 mark and NSE Nifty shed over 90 points in opening trade today on heavy losses in metal, auto, oil and Gas, banking and PSU stocks after US President Donald Trump fuelled concerns of a global trade war. Asian markets too turned negative as the fallout from Trump's steel and aluminium tariffs continued to spook investors and dampen market sentiment here, brokers said. The 30-share barometer shed 251.56 points, or 0.73 per cent, to 33,795.38. The gauge had lost 398.81 in the previous three sessions. The NSE Nifty was trading down by 90.40 points, or 0.86 per cent, at 10,367.95. All sectoral indices led by metal, auto, oil & gas banking and PSU stocks were trading in the negative terrain. The laggards were Yes Bank, Tata Steel, Tata Motors, Coal India, Bharti Airtel, ONGC, HUL, Bajaj Auto, Dr Reddy's HDFC, Asian Paint, Power Grid, M&M and SBI, falling up to 2.28 per cent. Meanwhile, on a net basis, domestic institutional investors (DIIs) sold shares worth Rs 3.29 crore while foreign portfolio investors (FPIs) bought shares worth Rs 241.85 crore on Thursday, provisional data released by the stock exchanges showed. In the Asian region, Hong Kong's Hang Seng fell 1.38 per cent, Japan's Nikkei shed 0.65 per cent, while Shanghai Composite Index down 0.35 per cent in their early deals. The US Dow Jones Industrial Average ended 0.29 per cent lower on Friday.

Sensex falls 250 points; Nifty slips below 10,400 level

The BSE Sensex dropped by over 137 points or 0.40 per cent to close at 34,046.94 today to extend losses for the third day in a row as fiscal deficit worries and global sell-off triggered by US Fed rate hike fears continued to unsettle investors despite positive macro data.

Banking stocks, particularly state-run lenders were among the biggest laggards on unabated nervous off-loading by participants amid growing concerns over a spate of fraud cases.

Select auto stocks, however, were in some demand on the back of encouraging February sales numbers.

The 30-share benchmark opened higher and scaled a high of 34,278.63 in early deals after positive GDP data for the third quarter. According to the official data released after market hours yesterday, the GDP growth rate rose to a five-quarter high growth of 7.2 per cent in the October-December quarter on good showing by key sectors like manufacturing.

The core sector growth rate also picked up momentum to touch 6.2 per cent in January.

Stocks however slipped into the negative zone with the BSE Sensex touching a low of 34,015.79 due to continued selling in global markets.

The 30-share barometer settled at 34,046.94, down 137.10 points, or 0.40 per cent as its 20 constituents led by ICICI Bank and SBI ended in the red.

The 50-issue NSE Nifty too lost 34.50 points, or 0.33 at 10,458.35 after shuttling between 10,525.50 and 10,447.15.

For the week, the flagship Sensex recorded a fall of 95.21 points, or 0.27 per cent, while the NSE Nifty lost 32.70 points, or 0.31 per cent.

&quot;Markets traded dull and ended lower amid mixed local cues. Initially, participants took note of encouraging GDP figure and uptick in core sector data, which helped index to open higher despite weak global markets. However, further widening of fiscal deficit also dampened the sentiment to some extent and capped upside,&quot; said Jayant Manglik, President, Religare Broking Ltd.

Official data showed that fiscal deficit touched Rs 6.77 lakh crore at the end of January, 113.7 per cent of the target for the entire fiscal, on account of higher expenditure.

Analyst said the market was in &quot;sell on rise&quot; phase as investors preferred to book profits amid global uncertainty.

Asian markets broadly closed with losses, extending a global sell-off on US interest rate hike fears. US Fed chief Jerome Powell who painted a rosy picture about the US economy and hinted at future rate hikes before the Congress was set to speak on Capitol Hill again today.

In the sectoral terms, the BSE metal index fell by 0.95 per cent, bankex (0.85 per cent), realty (0.77 per cent), consumer durables (0.71 per cent), teck (0.65 per cent), healthcare (0.58 per cent), IT (0.53 per cent), power (0.48 per cent) and PSU (0.43 per cent).

In the Sensex pack, ICICI Bank suffered the most by 2.63 per cent, followed by country&#39;s largest state-run SBI 2.31 per cent.

Other laggards include Infosys, Power Grid, HDFC Bank, ITC Ltd, Axis Bank, RIL, Hero MotoCorp, Yes Bank, L&amp;T, Dr Reddy&#39;s, Adani Ports, Sun Pharma, NTPC, TCS an HDFC Ltd, falling up to 1.19 per cent.

In contrast, Coal India, IndusInd Bank, Hindustan Unilever, M&amp;M, Kotak Bank, ONGC, Tata Steel, Tata Motors and Maruti Suzui managed to end in the positive terrain and cushioned the fall.

The broader markets too were under selling pressure from investors with the BSE mid-cap index falling by 0.61 per cent, while small-cap index lost 0.24 per cent.

Globally, Japan&#39;s Nikkei fell 1.56 per cent, while Singapore shed 0.24 per cent. Shanghai Composite Index, however, was up 0.44 per cent and Hong Kong&#39;s Hang Seng rose 0.65 per cent.

In Europe, Frankfurt&#39;s DAX 30 fell 0.50 per cent, while Paris CAC 40 down 0.25 per cent in their early deals. London&#39;s FTSE too fell 0.18 per cent.&nbsp;

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The benchmark Sensex closed down 0.40 per cent at 34,046.94

The BSE Sensex dropped by over 137 points or 0.40 per cent to close at 34,046.94 today to extend losses for the third day in a row as fiscal deficit worries and global sell-off triggered by US Fed rate hike fears continued to unsettle investors despite positive macro data. Banking stocks, particularly state-run lenders were among the biggest laggards on unabated nervous off-loading by participants amid growing concerns over a spate of fraud cases. Select auto stocks, however, were in some demand on the back of encouraging February sales numbers. The 30-share benchmark opened higher and scaled a high of 34,278.63 in early deals after positive GDP data for the third quarter. According to the official data released after market hours yesterday, the GDP growth rate rose to a five-quarter high growth of 7.2 per cent in the October-December quarter on good showing by key sectors like manufacturing. The core sector growth rate also picked up momentum to touch 6.2 per cent in January. Stocks however slipped into the negative zone with the BSE Sensex touching a low of 34,015.79 due to continued selling in global markets. The 30-share barometer settled at 34,046.94, down 137.10 points, or 0.40 per cent as its 20 constituents led by ICICI Bank and SBI ended in the red. The 50-issue NSE Nifty too lost 34.50 points, or 0.33 at 10,458.35 after shuttling between 10,525.50 and 10,447.15. For the week, the flagship Sensex recorded a fall of 95.21 points, or 0.27 per cent, while the NSE Nifty lost 32.70 points, or 0.31 per cent. "Markets traded dull and ended lower amid mixed local cues. Initially, participants took note of encouraging GDP figure and uptick in core sector data, which helped index to open higher despite weak global markets. However, further widening of fiscal deficit also dampened the sentiment to some extent and capped upside," said Jayant Manglik, President, Religare Broking Ltd. Official data showed that fiscal deficit touched Rs 6.77 lakh crore at the end of January, 113.7 per cent of the target for the entire fiscal, on account of higher expenditure. Analyst said the market was in "sell on rise" phase as investors preferred to book profits amid global uncertainty. Asian markets broadly closed with losses, extending a global sell-off on US interest rate hike fears. US Fed chief Jerome Powell who painted a rosy picture about the US economy and hinted at future rate hikes before the Congress was set to speak on Capitol Hill again today. In the sectoral terms, the BSE metal index fell by 0.95 per cent, bankex (0.85 per cent), realty (0.77 per cent), consumer durables (0.71 per cent), teck (0.65 per cent), healthcare (0.58 per cent), IT (0.53 per cent), power (0.48 per cent) and PSU (0.43 per cent). In the Sensex pack, ICICI Bank suffered the most by 2.63 per cent, followed by country's largest state-run SBI 2.31 per cent. Other laggards include Infosys, Power Grid, HDFC Bank, ITC Ltd, Axis Bank, RIL, Hero MotoCorp, Yes Bank, L&T, Dr Reddy's, Adani Ports, Sun Pharma, NTPC, TCS an HDFC Ltd, falling up to 1.19 per cent. In contrast, Coal India, IndusInd Bank, Hindustan Unilever, M&M, Kotak Bank, ONGC, Tata Steel, Tata Motors and Maruti Suzui managed to end in the positive terrain and cushioned the fall. The broader markets too were under selling pressure from investors with the BSE mid-cap index falling by 0.61 per cent, while small-cap index lost 0.24 per cent. Globally, Japan's Nikkei fell 1.56 per cent, while Singapore shed 0.24 per cent. Shanghai Composite Index, however, was up 0.44 per cent and Hong Kong's Hang Seng rose 0.65 per cent. In Europe, Frankfurt's DAX 30 fell 0.50 per cent, while Paris CAC 40 down 0.25 per cent in their early deals. London's FTSE too fell 0.18 per cent.

Sensex, Nifty fall despite GDP upswing

The Sensex and Nifty fell for a second straight session on Wednesday with financials leading the decline, as fears of faster interest rate hikes in the United States hurt investor risk appetite.

The Nifty closed below 10,500 for the seventh time in nine sessions, ending 0.58 per cent lower at 10,492.85.

The Sensex closed down 0.47 per cent at 34,184.04.

Investors now await October-December gross domestic product data due later in the day for clues about the domestic economy.

The Sensex closed down 0.47 per cent at 34,184.04.

The Sensex and Nifty fell for a second straight session on Wednesday with financials leading the decline, as fears of faster interest rate hikes in the United States hurt investor risk appetite. The Nifty closed below 10,500 for the seventh time in nine sessions, ending 0.58 per cent lower at 10,492.85. The Sensex closed down 0.47 per cent at 34,184.04. Investors now await October-December gross domestic product data due later in the day for clues about the domestic economy.

Sensex, Nifty down over global cues

Indian shares fell for a second session on Wednesday, tracking Asian peers, after U.S. Federal Reserve Chair Jerome Powell`s remarks about a potential rise in the number of rate hikes, while uncertainty over state-run banks compounded the decline.

Asian shares took a hit after Powell said each member would write a new &quot;dot plot&quot; rate path ahead of the March meeting and that he wouldn`t want to prejudge the outcome, indicating the possibility of a rate hike in March.

MSCI`s broadest index of Asia-Pacific shares outside Japan slipped 1.06 percent.&nbsp;

The weak spell in domestic markets lingered on apprehensions over state-run banks after the finance ministry set a 15-day deadline for banks to take pre-emptive action on operational and technical risks, following a $2 billion fraud at Punjab National Bank.

The ministry`s Department of Financial Services also ordered state-run lenders to comb through their bad loans of more than 500 million rupees ($7.68 million) for potential fraud.

&quot;In the short-term, these finance ministry directives could create panic in the market,&quot; said Sumit Pokharna, deputy vice president, Kotak Securities.

&quot;There are many loans which are more than 500 million rupees and that could be a problem now, but it is definitely a good step in the long run.&quot;

Investors are also looking out for key domestic economic data this week including Oct-Dec gross domestic product (GDP) due later in the day. A Reuters poll forecast GDP expansion at 6.9 percent, the fastest in 2017.

The broader NSE Nifty was down 0.52 percent at 10,499.75 as of 0604 GMT, while the benchmark BSE Sensex was 0.48 percent lower at 34,180.61.

The Nifty PSU Bank index fell as much as 2.7 percent before recovering somewhat, dragged by PNB and Bank of India which fell as much as 6.46 percent and 5.4 percent, respectively.

Tata Motors Ltd was down 1.4 percent after Morgan Stanley suggested avoiding automakers and related component manufacturers that are exposed to the EU premium car market. A top German court ruled on Tuesday in favour of allowing major cities to ban heavily polluting diesel cars.

However, the information technology stocks eked out some gains, with Infosys Ltd rising as much as 1.6 percent.&nbsp;

The broader NSE Nifty was down 0.52 percent at 10,499.75 as of 0604 GMT, while the benchmark BSE Sensex was 0.48 percent lower at 34,180.61.

Indian shares fell for a second session on Wednesday, tracking Asian peers, after U.S. Federal Reserve Chair Jerome Powell`s remarks about a potential rise in the number of rate hikes, while uncertainty over state-run banks compounded the decline. Asian shares took a hit after Powell said each member would write a new "dot plot" rate path ahead of the March meeting and that he wouldn`t want to prejudge the outcome, indicating the possibility of a rate hike in March. MSCI`s broadest index of Asia-Pacific shares outside Japan slipped 1.06 percent. The weak spell in domestic markets lingered on apprehensions over state-run banks after the finance ministry set a 15-day deadline for banks to take pre-emptive action on operational and technical risks, following a $2 billion fraud at Punjab National Bank. The ministry`s Department of Financial Services also ordered state-run lenders to comb through their bad loans of more than 500 million rupees ($7.68 million) for potential fraud. "In the short-term, these finance ministry directives could create panic in the market," said Sumit Pokharna, deputy vice president, Kotak Securities. "There are many loans which are more than 500 million rupees and that could be a problem now, but it is definitely a good step in the long run." Investors are also looking out for key domestic economic data this week including Oct-Dec gross domestic product (GDP) due later in the day. A Reuters poll forecast GDP expansion at 6.9 percent, the fastest in 2017. The broader NSE Nifty was down 0.52 percent at 10,499.75 as of 0604 GMT, while the benchmark BSE Sensex was 0.48 percent lower at 34,180.61. The Nifty PSU Bank index fell as much as 2.7 percent before recovering somewhat, dragged by PNB and Bank of India which fell as much as 6.46 percent and 5.4 percent, respectively. Tata Motors Ltd was down 1.4 percent after Morgan Stanley suggested avoiding automakers and related component manufacturers that are exposed to the EU premium car market. A top German court ruled on Tuesday in favour of allowing major cities to ban heavily polluting diesel cars. However, the information technology stocks eked out some gains, with Infosys Ltd rising as much as 1.6 percent.

Sensex falls for second day; global woes, banks weigh

Indian shares ended lower on Tuesday, dragged by bank stocks as uncertainties around state-run banks hit risk appetite.

Punjab National Bank uncovered more fraudulent transactions, taking its overall prospective loss to nearly $2 billion, while the finance ministry announced a 15-day deadline for PSU lenders to improve oversight.

The benchmark BSE index closed down 0.29 percent at 34,346.39. The broader NSE index ended 0.27 percent lower at 10,554.3. Both indexes fell for the first time in three sessions.

The Nifty PSU Bank index closed 3.49 percent lower, with PNB ending 12.2 percent down.

PNB uncovered more fraudulent transactions

Indian shares ended lower on Tuesday, dragged by bank stocks as uncertainties around state-run banks hit risk appetite. Punjab National Bank uncovered more fraudulent transactions, taking its overall prospective loss to nearly $2 billion, while the finance ministry announced a 15-day deadline for PSU lenders to improve oversight. The benchmark BSE index closed down 0.29 percent at 34,346.39. The broader NSE index ended 0.27 percent lower at 10,554.3. Both indexes fell for the first time in three sessions. The Nifty PSU Bank index closed 3.49 percent lower, with PNB ending 12.2 percent down.

Sensex, Nifty end lower; PNB down 12 percent

The benchmark BSE Sensex gained over 132 points to 34,578.39 in early trade today, rising for the third straight session today on buying by domestic institutional investors (DIIs) amid strong global cues. 
 
Investors are also eyeing Q3 GDP data, to be released tomorrow. Market sentiment was bolstered after a Morgan Stanley report said India&#39;s economic recovery is expected to have gathered momentum and GDP growth for the December quarter is likely to have accelerated to 7 per cent, broker said.

Benchmark BSE Sensex advanced by 132.64 points, or 0.38 per cent, to 34,578.39 in early session today.

The gauge has gained 626.25 points in the previous two sessions.

All sectoral indices were trading in the green, led by gains in oil and gas, consumer durables, auto, banking, power, PSU, metals, FMCG and healthcare counters.

The NSE Nifty50 reclaimed the 10,600-mark, by rising 32.65, or 0.30 per cent, to 10,615.25.

On a net basis, DIIs bought shares worth Rs 1,409.45 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 1,119.51 crore yesterday, provisional data released by stock exchanges showed.

Top gainers included Yes Bank, RIL, ONGC, TCS, Dr Reddy&#39;s, Asian Paints, M&amp;M, Wipro, HDFC Bank and Coal India, rising up to 1.75 per cent.

Meanwhile, shares of Punjab National Bank today slumped as much as 9 per cent to touch its 52 week low level in morning trade after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore.

Gitanjali gems, too, cracked nearly 5 per cent.

Overseas, Asian shares were trading higher following gains on Wall Street overnight ahead of Fed chair Jerome Powell&#39;s first congressional testimony later in the day.

Japan&#39;s Nikkei gained 1.39 per cent, Hong Kong&#39;s Hang Seng was up 0.06 per cent, while Shanghai Composite was down 0.97 per cent in early trading today.

The US Dow Jones Industrial Average ended 1.58 per cent higher yesterday on fall in US bond yields.&nbsp;

The Sensex rose 132 points in early trade today

The benchmark BSE Sensex gained over 132 points to 34,578.39 in early trade today, rising for the third straight session today on buying by domestic institutional investors (DIIs) amid strong global cues. Investors are also eyeing Q3 GDP data, to be released tomorrow. Market sentiment was bolstered after a Morgan Stanley report said India's economic recovery is expected to have gathered momentum and GDP growth for the December quarter is likely to have accelerated to 7 per cent, broker said. Benchmark BSE Sensex advanced by 132.64 points, or 0.38 per cent, to 34,578.39 in early session today. The gauge has gained 626.25 points in the previous two sessions. All sectoral indices were trading in the green, led by gains in oil and gas, consumer durables, auto, banking, power, PSU, metals, FMCG and healthcare counters. The NSE Nifty50 reclaimed the 10,600-mark, by rising 32.65, or 0.30 per cent, to 10,615.25. On a net basis, DIIs bought shares worth Rs 1,409.45 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 1,119.51 crore yesterday, provisional data released by stock exchanges showed. Top gainers included Yes Bank, RIL, ONGC, TCS, Dr Reddy's, Asian Paints, M&M, Wipro, HDFC Bank and Coal India, rising up to 1.75 per cent. Meanwhile, shares of Punjab National Bank today slumped as much as 9 per cent to touch its 52 week low level in morning trade after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore. Gitanjali gems, too, cracked nearly 5 per cent. Overseas, Asian shares were trading higher following gains on Wall Street overnight ahead of Fed chair Jerome Powell's first congressional testimony later in the day. Japan's Nikkei gained 1.39 per cent, Hong Kong's Hang Seng was up 0.06 per cent, while Shanghai Composite was down 0.97 per cent in early trading today. The US Dow Jones Industrial Average ended 1.58 per cent higher yesterday on fall in US bond yields.

Sensex extends rally, Nifty climbs over 10,600

Market benchmark Sensex spurted more than 300 points to close at a three-week high of 34,445.75 today on unabated buying by domestic institutional investors amid positive global leads. 
 
The wider NSE Nifty too went past the 10,550-level. 
 
A firming trend on Asian and European bourses following a good show by Wall Street on Friday bolstered sentiment. 
 
The 30-share BSE Sensex opened on a strong footing at 34,225.72 and maintained its upward trend to hit the day&#39;s high of 34,483.39 before ending at 34,445.75, up 303.60 points, or 0.89 per cent. 
 
This level was last seen on February 5, when the Sensex had closed at 34,757.16. 
 
The index had rallied 322.65 points in the previous session on Friday on value-buying by investors in recently-battered blue-chip stocks. 
 
The Nifty finished the day at 10,582.60, showing a hefty gain of 91.55 points, or 0.87 per cent, after shuttling between 10,592.95 and 10,520.20. 
 
Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil &amp; gas, PSU and consumer durables sectors, which rose up to 3.30 per cent. 
 
Domestic institutional investors (DIIs) net bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed. &nbsp; &nbsp; &nbsp; &nbsp; 
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The market benchmark spurted more than 300 points to close at a three-week high of 34,445.75 today on unabated buying by domestic institutional investors amid positive global leads

Market benchmark Sensex spurted more than 300 points to close at a three-week high of 34,445.75 today on unabated buying by domestic institutional investors amid positive global leads. The wider NSE Nifty too went past the 10,550-level. A firming trend on Asian and European bourses following a good show by Wall Street on Friday bolstered sentiment. The 30-share BSE Sensex opened on a strong footing at 34,225.72 and maintained its upward trend to hit the day's high of 34,483.39 before ending at 34,445.75, up 303.60 points, or 0.89 per cent. This level was last seen on February 5, when the Sensex had closed at 34,757.16. The index had rallied 322.65 points in the previous session on Friday on value-buying by investors in recently-battered blue-chip stocks. The Nifty finished the day at 10,582.60, showing a hefty gain of 91.55 points, or 0.87 per cent, after shuttling between 10,592.95 and 10,520.20. Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil & gas, PSU and consumer durables sectors, which rose up to 3.30 per cent. Domestic institutional investors (DIIs) net bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.

Sensex soars 304 pts, Nifty reclaims 10,550-mark

The benchmark BSE Sensex rose over 134 points on Monday on sustained buying in key frontline counters led by metal, auto, capital goods and banking stocks.

Sentiments bolstered in all Asian markets following positive cues from Wall Street.

Also, continued buying by domestic institutional investors (DIIs) and strengthening rupee boosted market mood, brokers said.

The BSE Sensex rose 133.78 points, or 0.39 per cent, to 34,275.93. All sectoral indices were trading higher, led by metals, auto, capital goods and banking stocks that gained up to 1.34 per cent.

The gauge had gained 322.65 points in the previous session on Friday.

The broader Nifty 50 index was also trading above the key 10,500-level at 10,529.10, a gain of 38.05 points, or 0.36 per cent.

Major gainers were Tata Motors, Adani Ports, Bajaj Auto and Maruti, rising up to 2.26 per cent.

On a net basis, DIIs bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.

Among Asian markets, Japan&#39;s Nikkei was trading higher by 0.82 per cent. Hong Kong&#39;s Hang Seng up 0.54 per cent and Shanghai Composite 0.31 per cent higher.

The US Dow Jones Industrial Average ended 1.39 per cent higher on Friday&#39;s trade.&nbsp;

Major gainers were Tata Motors, Adani Ports, Bajaj Auto and Maruti, rising up to 2.26

The benchmark BSE Sensex rose over 134 points on Monday on sustained buying in key frontline counters led by metal, auto, capital goods and banking stocks. Sentiments bolstered in all Asian markets following positive cues from Wall Street. Also, continued buying by domestic institutional investors (DIIs) and strengthening rupee boosted market mood, brokers said. The BSE Sensex rose 133.78 points, or 0.39 per cent, to 34,275.93. All sectoral indices were trading higher, led by metals, auto, capital goods and banking stocks that gained up to 1.34 per cent. The gauge had gained 322.65 points in the previous session on Friday. The broader Nifty 50 index was also trading above the key 10,500-level at 10,529.10, a gain of 38.05 points, or 0.36 per cent. Major gainers were Tata Motors, Adani Ports, Bajaj Auto and Maruti, rising up to 2.26 per cent. On a net basis, DIIs bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed. Among Asian markets, Japan's Nikkei was trading higher by 0.82 per cent. Hong Kong's Hang Seng up 0.54 per cent and Shanghai Composite 0.31 per cent higher. The US Dow Jones Industrial Average ended 1.39 per cent higher on Friday's trade.

Sensex rises 134 points, Nifty tops 10,500 on global cues

Sensex and Nifty closed on a high due to gains in global equities, as investors bought shares of recent underperformers such as pharma and financials.

The BSE&nbsp;Sensex jumped 322.65 points to close at 34,142.15 ending 0.39 per cent higher for the week.&nbsp;

Nifty rose 108.35 pts to 10,491.05 gaining 0.37 per cent.

In addition, the rupee rising to to 64.76 against the US dollar (intra-day) and sustained pumping of funds by DIIs also supported the recovery.

The Sensex hit the session&#39;s high of 34,167.60, but finally, the gauge settled higher by 322.65 points, or 0.95 per cent, at 34,142.15, a level last seen on February 15.

The index had shed 25.36 points in the previous session.

The broader NSE Nifty also stayed in the positive zone and touched a high of 10,499.10 before closing 108.35 points, or 1.04 per cent, higher at 10,491.05.

For the week, the Sensex recorded 131.39 points, or 0.38 per cent; while Nifty gained 38.75 points, or 0.37 per cent.

Sensex jumped 322.65 points to close at 34,142.15

Sensex and Nifty closed on a high due to gains in global equities, as investors bought shares of recent underperformers such as pharma and financials. The BSE Sensex jumped 322.65 points to close at 34,142.15 ending 0.39 per cent higher for the week. Nifty rose 108.35 pts to 10,491.05 gaining 0.37 per cent. In addition, the rupee rising to to 64.76 against the US dollar (intra-day) and sustained pumping of funds by DIIs also supported the recovery. The Sensex hit the session's high of 34,167.60, but finally, the gauge settled higher by 322.65 points, or 0.95 per cent, at 34,142.15, a level last seen on February 15. The index had shed 25.36 points in the previous session. The broader NSE Nifty also stayed in the positive zone and touched a high of 10,499.10 before closing 108.35 points, or 1.04 per cent, higher at 10,491.05. For the week, the Sensex recorded 131.39 points, or 0.38 per cent; while Nifty gained 38.75 points, or 0.37 per cent.

Sensex, Nifty close on a high

The benchmark BSE Sensex rose over 107 points to 33,926.59 in early session today as the March derivatives series kicked off on a strong note amid positive Asian cues.

The 30-share Sensex, which had lost 25.36 points in the previous session, was trading higher by 107.09 points, or 0.31 per cent, at 33,926.59.

All BSE sectoral indices were in the green, led by healthcare, bank, metal and realty stocks, rising by up to 1.33 per cent. 
The NSE Nifty50 recovered 39.85 points, or 0.38 per cent, to 10,422.55.

Brokers said investors were creating fresh positions at the start of March futures and options (F&amp;O) series, that led to a recovery in the market.

Major gainers include Sun Pharma, Tata Steel, Bharti Airtel, Dr Reddy&#39;s, Yes Bank, Tata Motors, SBI, Wipro and NTPC, rising up to 3.09 per cent.

Stocks of Punjab National Bank which had been under selling pressure since the massive fraud detection, however, edged 1.05 per cent higher.

Shares of Gitanjali Gems slumped for yet another session and slumped nearly 5 per cent to Rs 24.80.

A firm trend in Asian markets on positive cues from Wall Street pushed buying activity in bourses here, they added.

Hong Kong&#39;s Hang Seng gained 0.67 per cent, while Japan&#39;s Nikkei rose 0.36 per cent in early trade. China&#39;s Shanghai Composite Index too edged higher by 0.14 per cent.

The Dow Jones Industrial Average jumped 164.7 points, or 0.66 per cent, to close at 24,962.48 yesterday. The S&amp;P500 gained 2.63 points, or 0.10 per cent, to 2,703.96.

The 30-share Sensex, which had lost 25.36 points in the previous session, was trading higher by 107.09 points, or 0.31 per cent, at 33,926.59

The benchmark BSE Sensex rose over 107 points to 33,926.59 in early session today as the March derivatives series kicked off on a strong note amid positive Asian cues. The 30-share Sensex, which had lost 25.36 points in the previous session, was trading higher by 107.09 points, or 0.31 per cent, at 33,926.59. All BSE sectoral indices were in the green, led by healthcare, bank, metal and realty stocks, rising by up to 1.33 per cent. The NSE Nifty50 recovered 39.85 points, or 0.38 per cent, to 10,422.55. Brokers said investors were creating fresh positions at the start of March futures and options (F&O) series, that led to a recovery in the market. Major gainers include Sun Pharma, Tata Steel, Bharti Airtel, Dr Reddy's, Yes Bank, Tata Motors, SBI, Wipro and NTPC, rising up to 3.09 per cent. Stocks of Punjab National Bank which had been under selling pressure since the massive fraud detection, however, edged 1.05 per cent higher. Shares of Gitanjali Gems slumped for yet another session and slumped nearly 5 per cent to Rs 24.80. A firm trend in Asian markets on positive cues from Wall Street pushed buying activity in bourses here, they added. Hong Kong's Hang Seng gained 0.67 per cent, while Japan's Nikkei rose 0.36 per cent in early trade. China's Shanghai Composite Index too edged higher by 0.14 per cent. The Dow Jones Industrial Average jumped 164.7 points, or 0.66 per cent, to close at 24,962.48 yesterday. The S&P500 gained 2.63 points, or 0.10 per cent, to 2,703.96.

Sensex jumps 107 points as March F&O series opens strong

Around 9.17 a.m., the wider Nifty50 of the National Stock Exchange (NSE) rose by 36.85 points or 0.35 per cent to trade at 10,419.55 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which traded at 33,832 points, traded at 33,924.59 points -- up 105.09 or 0.31 per cent from its previous session`s close.

Both the indices closed marginally lower in the last session after Reserve Bank of India&rsquo;s (RBI) meeting minutes showed members of policy committee raised concerns of rising inflation.&nbsp; 
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Key Indian equity indices on Friday opened on a higher note with healthy buying in metals, consumer durables, banking and auto stocks

Around 9.17 a.m., the wider Nifty50 of the National Stock Exchange (NSE) rose by 36.85 points or 0.35 per cent to trade at 10,419.55 points. The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which traded at 33,832 points, traded at 33,924.59 points -- up 105.09 or 0.31 per cent from its previous session`s close. Both the indices closed marginally lower in the last session after Reserve Bank of India’s (RBI) meeting minutes showed members of policy committee raised concerns of rising inflation.

Sensex rises over 100 points, Nifty above 10400

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