The Indian stock market closed at its highest ever level for the&nbsp;second consecutive day today as automakers Eicher Motors Ltd shot up on upbeat monthly sales.

The NSE Nifty ended up 0.37 per cent to close at 10,114.65, while the BSE Sensex closed 0.19 per cent higher at 32,575.17.

Tuesday&#39;s gains were also influenced by Reserve Bank of India&#39;s (RBI) expected interest rate cut set to be announced tomorrow.

On Monday, the stock market had closed on a high after <a href="http://www.wionews.com/business-economy/sensex-ends-at-record-closing-high-sbi-top-gainer-18428">State Bank of India cut deposit rates</a> on the majority of its savings accounts. 
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NSE Nifty ended up 0.37 per cent to close at 10,114.65, while the BSE Sensex closed 0.19 per cent higher

The Indian stock market closed at its highest ever level for the second consecutive day today as automakers Eicher Motors Ltd shot up on upbeat monthly sales. The NSE Nifty ended up 0.37 per cent to close at 10,114.65, while the BSE Sensex closed 0.19 per cent higher at 32,575.17. Tuesday's gains were also influenced by Reserve Bank of India's (RBI) expected interest rate cut set to be announced tomorrow. On Monday, the stock market had closed on a high after State Bank of India cut deposit rates on the majority of its savings accounts.

Stock market closes on a high for second consecutive day

Indian shares ended at a record closing high on Monday led by State Bank of India after the nation&#39;s biggest lender cut deposit rates on the majority of its savings accounts while investors awaited a rate cut by the central bank later this week.

The benchmark BSE Sensex ended 0.63 per cent higher at 32,514.94, also a record-high close, and gained 5.15 per cent during the month.

The broader NSE Nifty closed up 0.63 per cent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 per cent.

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The benchmark BSE Sensex ended 0.63% higher at 32,514.94

Indian shares ended at a record closing high on Monday led by State Bank of India after the nation's biggest lender cut deposit rates on the majority of its savings accounts while investors awaited a rate cut by the central bank later this week. The benchmark BSE Sensex ended 0.63 per cent higher at 32,514.94, also a record-high close, and gained 5.15 per cent during the month. The broader NSE Nifty closed up 0.63 per cent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 per cent.

Sensex ends at record closing high; SBI top gainer

Engineering and construction major Larsen &amp; Toubro (L&amp;T) today reported a 50.59 per cent jump in consolidated net profit to Rs 1,028.30 crore for the first quarter ended June 30 boosted by higher revenue from its infrastructure business.

Revenue from the infrastructure segment&nbsp;which accounted for about 44 per cent of the company&#39;s total income in the quarter&nbsp;rose 15.5 per cent.

The company had posted net profit of Rs 682.81 crore in the corresponding period a year ago.

The company&#39;s total income in the quarter under review increased 9.89 per cent to Rs 24,374.64 crore as against Rs 22,179.59 crore a year ago.

However, shares of the company closed 1.96 per cent lower at Rs 1,159.10 on BSE Sensex as analysts expected higher net profit. 
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L&T shares were boosted by higher revenue from its infrastructure business

Engineering and construction major Larsen & Toubro (L&T) today reported a 50.59 per cent jump in consolidated net profit to Rs 1,028.30 crore for the first quarter ended June 30 boosted by higher revenue from its infrastructure business. Revenue from the infrastructure segment which accounted for about 44 per cent of the company's total income in the quarter rose 15.5 per cent. The company had posted net profit of Rs 682.81 crore in the corresponding period a year ago. The company's total income in the quarter under review increased 9.89 per cent to Rs 24,374.64 crore as against Rs 22,179.59 crore a year ago. However, shares of the company closed 1.96 per cent lower at Rs 1,159.10 on BSE Sensex as analysts expected higher net profit.

Larsen & Toubro Q1 net profit jumps 51%

The benchmark BSE Sensex and the NSE Nifty closed down today as disappointing quarterly earnings weighed on bank and pharmaceutical shares.

The benchmark BSE Sensex ended down 0.23 per cent to end at 32,309.88 and the broader NSE Nifty closed down 0.06 per cent to close at 10,014.50

However, both BSE Sensex and Nifty ended higher for the week as Indian stocks held steady on Friday.

The NSE Nifty was up 1 per cent for the week and BSE Sensex closed 0.88 per cent higher for the week.

Earlier in the day, Dr&nbsp;Reddy&#39;s Laboratories and ICICI Bank Ltd stocks fell 5.9 per cent and 3.6 per cent, respectively, after reporting weak quarterly results.

Dr. Reddy&#39;s profits halved in the quarter resulting in the stocks going down by as much as 6.5 per cent - its lowest since May 30.

ICICI Bank also took a beating falling 3 per cent after it reported an &nbsp;8 per cent drop in first-quarter profit.

&nbsp;ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

?ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

The benchmark BSE Sensex and the NSE Nifty closed down today as disappointing quarterly earnings weighed on bank and pharmaceutical shares. The benchmark BSE Sensex ended down 0.23 per cent to end at 32,309.88 and the broader NSE Nifty closed down 0.06 per cent to close at 10,014.50 However, both BSE Sensex and Nifty ended higher for the week as Indian stocks held steady on Friday. The NSE Nifty was up 1 per cent for the week and BSE Sensex closed 0.88 per cent higher for the week. Earlier in the day, Dr Reddy's Laboratories and ICICI Bank Ltd stocks fell 5.9 per cent and 3.6 per cent, respectively, after reporting weak quarterly results. Dr. Reddy's profits halved in the quarter resulting in the stocks going down by as much as 6.5 per cent - its lowest since May 30. ICICI Bank also took a beating falling 3 per cent after it reported an 8 per cent drop in first-quarter profit. ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

Sensex, Nifty end flat, bank & pharmaceutical shares fall

The Nifty breached the 10,000 mark for the first time Tuesday morning.&nbsp;

It opened at 10,010.55, but fell to just below 10,000 soon after opening.&nbsp;

Commentators said there were a number of reasons for the current high the Nifty and Sensex are seeing.&nbsp;

Global stocks are on a current high.&nbsp;

A large amount of money is coming into India in the form of FIIs.&nbsp;

The monsoon appears to be on track.&nbsp;And GST was successfully rolled out.&nbsp;

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The Sensex was down 17.60 points at 32228.27, while the Nifty was down 1.85 points at 9964.55 (WION)
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The Nifty breached the 10,000 mark for the first time Tuesday morning. It opened at 10,010.55, but fell to just below 10,000 soon after opening. Commentators said there were a number of reasons for the current high the Nifty and Sensex are seeing. Global stocks are on a current high. A large amount of money is coming into India in the form of FIIs. The monsoon appears to be on track. And GST was successfully rolled out. The Sensex was down 17.60 points at 32228.27, while the Nifty was down 1.85 points at 9964.55 (WION) ×

Nifty breaches 10,000 mark for first time

Indian shares rose on Friday to post a third consecutive weekly gain, with Reliance Industries hitting it highest in over 9-1/2 years after posting strong quarterly results and announcing the launch of a low-cost, 4G-enabled phone.

The broader NSE Nifty closed up 0.42 per cent at 9,915.25, while the benchmark BSE&nbsp;Sensex finished 0.39 per cent higher at 32,028.89.

The Nifty gained 0.29 per cent this week, while the&nbsp;Sensex&nbsp;inched up 0.03 per cent.

Reliance gained 3.7 per cent, but its telecom rivals slumped, with Bharti Airtel&nbsp;ending down 2 per cent and Idea Cellular&nbsp;falling 3.3 per cent.

Indian shares rose on Friday to post a third consecutive weekly gain, with Reliance Industries hitting it highest in over 9-1/2 years after posting strong quarterly results and announcing the launch of a low-cost, 4G-enabled phone

Indian shares rose on Friday to post a third consecutive weekly gain, with Reliance Industries hitting it highest in over 9-1/2 years after posting strong quarterly results and announcing the launch of a low-cost, 4G-enabled phone. The broader NSE Nifty closed up 0.42 per cent at 9,915.25, while the benchmark BSE Sensex finished 0.39 per cent higher at 32,028.89. The Nifty gained 0.29 per cent this week, while the Sensex inched up 0.03 per cent. Reliance gained 3.7 per cent, but its telecom rivals slumped, with Bharti Airtel ending down 2 per cent and Idea Cellular falling 3.3 per cent.

Sensex ends higher; Reliance Industries leads after JioPhone launch

Indian shares were largely flat on Thursday, as investors parsed through earnings, buying into stocks such as Kotak Mahindra Bank that beat results while hitting those such as Mindtree&nbsp;that missed estimates.

Analysts said quarterly results were likely to remain the main driver of the market in the weeks ahead, at a time when strong gains have raised concerns about valuations.

Wipro&nbsp;and Reliance Industries are among the companies expected to announce results later in the day, with shares in each up as much as 1 per cent.

&quot;What we see is caution in the market for the near term because of high valuations and as expectations from first-quarter earnings are muted,&quot; said Vinod Nair, head of research at Geojit Financial Services.

The broader NSE Nifty edged down 0.06 per cent at 9,893.55 as of 0642 GMT, while the benchmark BSE Sensex was up 0.03 per cent at 31,964.92.

Private sector lender Kotak Mahindra Bank rose as much as 2.2 per cent, after posting a 23 per cent jump in its first-quarter net profit, helped by higher interest and fee income.

Among other gainers, Oil and Natural Gas rose as much as 2.98 per cent as traders bet it would be able to buy a 51.1 per cent stake in state-refiner Hindustan Petroleum without a tender offer.

Shares in Hindustan Petroleum fell 3.5 per cent.

IT company Mindtree&nbsp;fell as much as 4.3 per cent to its lowest since May 5, after it reported a 1.6 per cent drop in June-quarter profit.

State-run lender Canara Bank&nbsp;as much as 6 per cent after it posted a lower-than-expected first-quarter profit due to higher provisions for bad loans.

Indian shares were largely flat on Thursday, as investors parsed through earnings, buying into stocks such as Kotak Mahindra Bank that beat results while hitting those such as Mindtree?that missed estimates

Indian shares were largely flat on Thursday, as investors parsed through earnings, buying into stocks such as Kotak Mahindra Bank that beat results while hitting those such as Mindtree that missed estimates. Analysts said quarterly results were likely to remain the main driver of the market in the weeks ahead, at a time when strong gains have raised concerns about valuations. Wipro and Reliance Industries are among the companies expected to announce results later in the day, with shares in each up as much as 1 per cent. "What we see is caution in the market for the near term because of high valuations and as expectations from first-quarter earnings are muted," said Vinod Nair, head of research at Geojit Financial Services. The broader NSE Nifty edged down 0.06 per cent at 9,893.55 as of 0642 GMT, while the benchmark BSE Sensex was up 0.03 per cent at 31,964.92. Private sector lender Kotak Mahindra Bank rose as much as 2.2 per cent, after posting a 23 per cent jump in its first-quarter net profit, helped by higher interest and fee income. Among other gainers, Oil and Natural Gas rose as much as 2.98 per cent as traders bet it would be able to buy a 51.1 per cent stake in state-refiner Hindustan Petroleum without a tender offer. Shares in Hindustan Petroleum fell 3.5 per cent. IT company Mindtree fell as much as 4.3 per cent to its lowest since May 5, after it reported a 1.6 per cent drop in June-quarter profit. State-run lender Canara Bank as much as 6 per cent after it posted a lower-than-expected first-quarter profit due to higher provisions for bad loans.

Sensex ends flat, Kotak Mahindra gains

The 30-share BSE&nbsp;Sensex ended its <a href="http://www.wionews.com/videos/markets-record-major-rally-wion-wallet-4179">bullish run</a> and fell&nbsp;1.1 per cent, its biggest fall this year in percentage terms, led by tobacco major ITC after government hiked cess on cigarettes under GST on Monday.

Sensex closed the day at 31,710.99, a fall of 363.79 points or 1.1 per cent. The broader 50-share Nifty fell 0.9 per cent to close at 9,827.15.

Shares of ITC crashed by as much as&nbsp;15 per cent on an intraday basis after the GST Council, in a meeting on Monday, decided to <a href="http://www.wionews.com/business-economy/gst-council-hikes-cess-on-cigarettes-18014">hike compensation cess on cigarettes</a>.

The move was aimed to take away the &quot;windfall profit&quot; enjoyed by the cigarette makers after tax burden on them fell after imposition of GST, finance minister Arun Jaitley said, Reuters reported.&nbsp;

The GST came into effect from July 1.

Deutsche Bank estimates cigarette prices to go up by as much as 16 per cent, Reuters reported.

The benchmark indices fell after a bull run as tobacco stocks crashed led by ITC which crashed 15% on an intraday basis

The 30-share BSE Sensex ended its bullish run and fell 1.1 per cent, its biggest fall this year in percentage terms, led by tobacco major ITC after government hiked cess on cigarettes under GST on Monday. Sensex closed the day at 31,710.99, a fall of 363.79 points or 1.1 per cent. The broader 50-share Nifty fell 0.9 per cent to close at 9,827.15. Shares of ITC crashed by as much as 15 per cent on an intraday basis after the GST Council, in a meeting on Monday, decided to hike compensation cess on cigarettes. The move was aimed to take away the "windfall profit" enjoyed by the cigarette makers after tax burden on them fell after imposition of GST, finance minister Arun Jaitley said, Reuters reported. The GST came into effect from July 1. Deutsche Bank estimates cigarette prices to go up by as much as 16 per cent, Reuters reported.

Sensex posts biggest drop this year, ITC hammered after govt hikes cess

The 30-share BSE Sensex surged past the 32,000 mark for the first time closing at a record high of 32,037.&nbsp;

The broader 50-share Nifty also closed at a record high of 9,892.&nbsp;

The rally came on the back of retail inflation figures which hit a record low.&nbsp;

The retail inflation data, which came out on Wednesday, saw inflation dropping to a record low of 1.54 per cent. The lower inflation figures offer the Reserve Bank of India enough room for bringing the key interest rates down.

Asian and European indices were also trading higher on the back of Federal Reserve chair Janet Yellen testifying before the US Congress that the rate hike will be steady.

Foreign Portfolio Investors (FPI) took the opportunity to pour more money into the Indian equities.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 361.25 crore yesterday, PTI reported.

The market rally was led primarily by banking and consumer goods stocks.

ITC was the top gainer among the pack surging 3.03 per cent. Other top gainers included Bharti Airtel, ICICI Bank and Sun Pharma.&nbsp;

The rally came on the back of lower inflation figures which were released on Wednesday offering RBI enough room to bring down interest rates

The 30-share BSE Sensex surged past the 32,000 mark for the first time closing at a record high of 32,037. The broader 50-share Nifty also closed at a record high of 9,892. The rally came on the back of retail inflation figures which hit a record low. The retail inflation data, which came out on Wednesday, saw inflation dropping to a record low of 1.54 per cent. The lower inflation figures offer the Reserve Bank of India enough room for bringing the key interest rates down. Asian and European indices were also trading higher on the back of Federal Reserve chair Janet Yellen testifying before the US Congress that the rate hike will be steady. Foreign Portfolio Investors (FPI) took the opportunity to pour more money into the Indian equities. Foreign portfolio investors (FPIs) bought shares worth a net Rs 361.25 crore yesterday, PTI reported. The market rally was led primarily by banking and consumer goods stocks. ITC was the top gainer among the pack surging 3.03 per cent. Other top gainers included Bharti Airtel, ICICI Bank and Sun Pharma.

Sensex closes at record high, crosses 32,000

Indian government bonds yields rose sharply on Monday after the Reserve Bank of India (RBI) announced an open market sale of debt to remove some of the excess cash left at lenders because of the government&#39;s removal of a big part of currency bills last year.

The central bank said late on Friday it will sell 100 billion rupees ($1.55 billion) of government bonds on Thursday.

The new 10-year bond jumped as much as 11 basis points to 6.62 per cent in early trade, its highest level since June 7, from its close of 6.51 pe rcent.

Traders said the timing of the open market sale was a surprise as markets had expected it to happen in August to coincide with the time when the RBI must pay a hefty dividend to the government.

The RBI has so far resorted to selling short-end securities through a special scheme to drain out some of the excess cash, a method that was seen as less disruptive.

The new 10-year bond jumped as much as 11 basis points to 6.62 per cent in early trade, its highest level since June 7, from its close of 6.51 per cent

Indian government bonds yields rose sharply on Monday after the Reserve Bank of India (RBI) announced an open market sale of debt to remove some of the excess cash left at lenders because of the government's removal of a big part of currency bills last year. The central bank said late on Friday it will sell 100 billion rupees ($1.55 billion) of government bonds on Thursday. The new 10-year bond jumped as much as 11 basis points to 6.62 per cent in early trade, its highest level since June 7, from its close of 6.51 pe rcent. Traders said the timing of the open market sale was a surprise as markets had expected it to happen in August to coincide with the time when the RBI must pay a hefty dividend to the government. The RBI has so far resorted to selling short-end securities through a special scheme to drain out some of the excess cash, a method that was seen as less disruptive.

India bonds slump after RBI announces open market bond sale

Indian shares hit record highs on Friday, with Reliance Industries and Tata Steel leading the gains, as higher derivatives rollover led to strong follow-up buying in index heavyweights.

The broader NSE Nifty rose as much as 0.65 per cent to a record high of 9,572.25, while the benchmark BSE Sensex gained as much as 0.73 per cent, also touching a life-high of 30,975.52.

&quot;Most of the movement on the indexes since Thursday is due to broad index-level buying in the markets because of the F&amp;O expiry,&quot; said Tirthankar Patnaik, chief strategist and head of research, India at Mizuho Bank.

&quot;On Thursday, major shorts were covered and longs have been rolled, so there is follow-up buying in today&#39;s session. Nifty saw 75 per cent rollover yesterday,&quot; said Miraj Vora, derivative analyst at Prabhudas Lilladher.

A higher rollover is typically a bullish sign and means investors expect gains to continue.

Reliance Industries gained as much as 3.22 per cent, while Tata Steel gained as much as 5.6 per cent to 511.90 rupees, its highest since September 2014.

Consumer firm ITC, which is slated to report March quarter results later in the day, gained as much as 1.55 per cent.

Meanwhile, downstream oil companies lost some ground.

&quot;There is some profit-booking in downstream oil companies,&quot; Patnaik said.

Indian Oil Corp slipped for the first time in three sessions, falling as much as 5.2 per cent, while Bharat Petroleum lost as much as 3.3 per cent and looked set to snap three sessions of gains.

Pharma company Cipla dropped to an eleven-month low after posting a quarterly loss against analysts&#39; expectations.

(Reuters)

Indian shares hit record highs on Friday, with Reliance Industries and Tata Steel leading the gains, as higher derivatives rollover led to strong follow-up buying in index heavyweights. The broader NSE Nifty rose as much as 0.65 per cent to a record high of 9,572.25, while the benchmark BSE Sensex gained as much as 0.73 per cent, also touching a life-high of 30,975.52. "Most of the movement on the indexes since Thursday is due to broad index-level buying in the markets because of the F&O expiry," said Tirthankar Patnaik, chief strategist and head of research, India at Mizuho Bank. "On Thursday, major shorts were covered and longs have been rolled, so there is follow-up buying in today's session. Nifty saw 75 per cent rollover yesterday," said Miraj Vora, derivative analyst at Prabhudas Lilladher. A higher rollover is typically a bullish sign and means investors expect gains to continue. Reliance Industries gained as much as 3.22 per cent, while Tata Steel gained as much as 5.6 per cent to 511.90 rupees, its highest since September 2014. Consumer firm ITC, which is slated to report March quarter results later in the day, gained as much as 1.55 per cent. Meanwhile, downstream oil companies lost some ground. "There is some profit-booking in downstream oil companies," Patnaik said. Indian Oil Corp slipped for the first time in three sessions, falling as much as 5.2 per cent, while Bharat Petroleum lost as much as 3.3 per cent and looked set to snap three sessions of gains. Pharma company Cipla dropped to an eleven-month low after posting a quarterly loss against analysts' expectations. (Reuters)

Sensex hits record highs; Tata Steel scales over 2.5 year peak

Indian shares ended lower on Friday, after jumping to record highs twice this week, as investors turned cautious ahead of inflation data and booked profits in recent outperformers.

The broader NSE Nifty closed down 0.23 per cent at 9,400.90, but was up 1.24 per cent for the week.

The benchmark BSE Sensex ended 0.21 per cent lower at 30,188.15, but was up 1.10 per cent for the week.

Both indexes snapped four straight sessions of gains.

Eicher Motors snapped five consecutive sessions of gains to end 1.1 per cent lower, while Ashok Leyland fell 1.2 per cent after a two-day rally.

(Reuters)

Sensex snaps four days of gains; inflation data awaited

Indian shares ended lower on Friday, after jumping to record highs twice this week, as investors turned cautious ahead of inflation data and booked profits in recent outperformers. The broader NSE Nifty closed down 0.23 per cent at 9,400.90, but was up 1.24 per cent for the week. The benchmark BSE Sensex ended 0.21 per cent lower at 30,188.15, but was up 1.10 per cent for the week. Both indexes snapped four straight sessions of gains. Eicher Motors snapped five consecutive sessions of gains to end 1.1 per cent lower, while Ashok Leyland fell 1.2 per cent after a two-day rally. (Reuters)

Sensex slips after record gains, inflation data awaited

Indian shares hit a record high on Wednesday as shares of consumer goods and agriculture-dependent companies rallied after the country&#39;s weather office forecast a higher monsoon rainfall than previously expected.

The benchmark BSE Sensex gained as much as 0.91 per cent to 30,207.13, its highest ever.

The chief of the country&#39;s state-run <a href="http://www.wionews.com/south-asia/india-likely-to-receive-higher-rainfall-than-previously-forecast-meteorological-department-15429">India Meteorological Department on Tuesday said India looks likely to receive higher monsoon rainfall </a>than previously forecast as concern over the El Nino weather condition had eased.

The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05.

The Nifty breached the 9,400 level for the first time as consumer stocks rallied, heavyweight Bharti Airtel surged after reporting strong subscriber growth.&nbsp;

The markets have been responding to positive sentiment in the last few days, the International Monetary Fund on Monday had said India&rsquo;s growth is expected to rebound to 7.2% in the 2017-18 fiscal and 7.7% in 2018-19 after disruptions caused by demonetisation.

The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund (IMF) said in its regional economic outlook.

<a href="http://www.wionews.com/south-asia/india-likely-to-receive-higher-rainfall-than-previously-forecast-meteorological-department-15429">Also Read:&nbsp;India likely to receive higher rainfall than previously forecast: Meteorological Department</a>

(Wion with Reuters input)

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The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05

Indian shares hit a record high on Wednesday as shares of consumer goods and agriculture-dependent companies rallied after the country's weather office forecast a higher monsoon rainfall than previously expected. The benchmark BSE Sensex gained as much as 0.91 per cent to 30,207.13, its highest ever. The chief of the country's state-run India Meteorological Department on Tuesday said India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition had eased. The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05. The Nifty breached the 9,400 level for the first time as consumer stocks rallied, heavyweight Bharti Airtel surged after reporting strong subscriber growth. The markets have been responding to positive sentiment in the last few days, the International Monetary Fund on Monday had said India’s growth is expected to rebound to 7.2% in the 2017-18 fiscal and 7.7% in 2018-19 after disruptions caused by demonetisation. The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund (IMF) said in its regional economic outlook. Also Read: India likely to receive higher rainfall than previously forecast: Meteorological Department (Wion with Reuters input) Catch the latest from the world of business with Sumit Chaturvedi only on WION Wallet (WION) ×

Bull run: Sensex, Nifty at new peak

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Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets.

The benchmark BSE Sensex closed up 0.63 per cent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlier in the session, surpassing a record last hit in March 2015.&nbsp;The broader NSE Nifty gained 0.49 per cent to end at a record closing high of 9,351.85. The index hit an intraday high of 9,367, surpassing Tuesday&#39;s high.

Earlier in the day, the BSE Sensex rose as much as 0.4 per cent to hit a record high, surpassing its previous milestone hit in March 2015, while the rupee hit a 20-month against the dollar.

The market rally came&nbsp;after a string of solid domestic quarterly results, with&nbsp;hopes for additional foreign inflows to India having increased on renewed optimism about the US economy and after the first round of French&nbsp;election which went to the market`s preferred candidate.

The Sensex rose to a high of 30,071.77 points during the day. The broader NSE Nifty rose as much as 0.4 per cent to a record high of 9,343.15 points, its second consecutive all-time milestone.

(Reuters)

The market rally comes after a string of solid domestic quarterly results

Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets. The benchmark BSE Sensex closed up 0.63 per cent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlier in the session, surpassing a record last hit in March 2015. The broader NSE Nifty gained 0.49 per cent to end at a record closing high of 9,351.85. The index hit an intraday high of 9,367, surpassing Tuesday's high. Earlier in the day, the BSE Sensex rose as much as 0.4 per cent to hit a record high, surpassing its previous milestone hit in March 2015, while the rupee hit a 20-month against the dollar. The market rally came after a string of solid domestic quarterly results, with hopes for additional foreign inflows to India having increased on renewed optimism about the US economy and after the first round of French election which went to the market`s preferred candidate. The Sensex rose to a high of 30,071.77 points during the day. The broader NSE Nifty rose as much as 0.4 per cent to a record high of 9,343.15 points, its second consecutive all-time milestone. (Reuters)

Sensex scales 30k, Nifty closes at record high

The 50-share National Stock Exchange Nifty hit a fresh record high, spurting 50.90 points to 9,268.85 in the morning trade on Tuesday, spurred by strong fundamentals of Indian economy, stability in global markets and huge gush of global liquidity.

The 30-share benchmark Bombay Stock Exchange Sensex gained 170.42 points at 29,826.26&nbsp;as sentiments rose with Reliance Industries&#39; better-than-expected fourth quarter earnings numbers which were announced yesterday.

The midcap stocks did equally well, with the Nifty free float midcap index reaching a fresh high of 18,021.10. The BSE midcap index rose to a fresh record high to 14,723.94.

A firming trend in other Asian markets, taking strong cues from the US and European markets following Emmanuel Macron&#39;s first round presidential election win in France, also boosted trading sentiments.&nbsp;

Brokers said that continued buying by domestic institutional investors and retailers following Reliance Industry Limited&#39;s healthy numbers announced post trading hours yesterday, mainly lent momentum to trading activity.

RIL shares climbed 2.18 per cent, to Rs 1,447.30, in early trade after the company reported a 12.3 per cent jump in its January-March quarter net profit at Rs 8,046 crore on the back of higher refining and petrochemical margins.

Other gainers included M&amp;M, Wipro, HDFC Ltd, L&amp;T, ICICI Bank, Power Grid, Lupin and Dr Reddy&#39;s.

Globally, Japan&#39;s Nikkei was up 0.84 per cent while Hong Kong&#39;s Hang rose 0.98 per cent in early trade today. The Shanghai Composite Index gained 0.31 per cent.

The US Dow Jones Industrial Average had ended 1.05 per cent higher in yesterday&#39;s trade. 
 
(WION with inputs from PTI)

The 50-share National Stock Exchange Nifty hit a fresh record high, spurting 50.90 points to 9,268.85

The 50-share National Stock Exchange Nifty hit a fresh record high, spurting 50.90 points to 9,268.85 in the morning trade on Tuesday, spurred by strong fundamentals of Indian economy, stability in global markets and huge gush of global liquidity. The 30-share benchmark Bombay Stock Exchange Sensex gained 170.42 points at 29,826.26 as sentiments rose with Reliance Industries' better-than-expected fourth quarter earnings numbers which were announced yesterday. The midcap stocks did equally well, with the Nifty free float midcap index reaching a fresh high of 18,021.10. The BSE midcap index rose to a fresh record high to 14,723.94. A firming trend in other Asian markets, taking strong cues from the US and European markets following Emmanuel Macron's first round presidential election win in France, also boosted trading sentiments. Brokers said that continued buying by domestic institutional investors and retailers following Reliance Industry Limited's healthy numbers announced post trading hours yesterday, mainly lent momentum to trading activity. RIL shares climbed 2.18 per cent, to Rs 1,447.30, in early trade after the company reported a 12.3 per cent jump in its January-March quarter net profit at Rs 8,046 crore on the back of higher refining and petrochemical margins. Other gainers included M&M, Wipro, HDFC Ltd, L&T, ICICI Bank, Power Grid, Lupin and Dr Reddy's. Globally, Japan's Nikkei was up 0.84 per cent while Hong Kong's Hang rose 0.98 per cent in early trade today. The Shanghai Composite Index gained 0.31 per cent. The US Dow Jones Industrial Average had ended 1.05 per cent higher in yesterday's trade. (WION with inputs from PTI)

India: Nifty, midcap index hit record highs

Indian shares rose on Monday and the rupee strengthened as investors breathed a sigh of relief after the market&#39;s favoured candidate, Emmanuel Macron, won the first round of the French presidential election.

The outcome led to a mass unwinding of safe-haven trades in favour of riskier assets, although in India gains were tempered as investors awaited a slew of quarterly earnings reports, including that of Reliance Industries Ltd due later in the day.

&quot;There&#39;s a good chance in France for Macron to win, which is positive for global markets,&quot; said Neeraj Dewan, director at Quantum Securities.

Macron will now face far-right leader Marine Le Pen in a May 7 runoff, with opinion polls on Sunday predicting an easy win for him in the final clash.

The broader NSE Nifty rose 0.62 percent to 9,175.60 by 0622 GMT, while the benchmark BSE Sensex was 0.52 percent higher at 29,518.15.

The rupee strengthened to 64.4850/4900 per dollar from its close of 64.61/62 on Friday, but bonds fell, with the benchmark 10-year bond yield rising 2 basis points to 6.94 percent.

Cement stocks were among the biggest gainers on the NSE index, following better-than-expected quarterly results by ACC Ltd on Friday. The Nifty realty index climbed as much as 3.9 percent to its highest since July 2014.

ACC gained as much as 6.2 percent and was the top percentage gainer on the Nifty.

HDFC Bank Ltd rose as much as 2.8 percent to a record high after the country&#39;s second-biggest lender by assets on Friday reported higher-than-expected profit for the March quarter.

But IT stocks fell on continued concerns over U.S. President Donald Trump&#39;s order last week to a review the country&#39;s visa program to encourage hiring Americans. Tata Consultancy Services Ltd, Infosys Ltd, and Wipro Ltd dropped more than 1 percent each.

Indian firms like Tata Consultancy Services, Infosys, and Wipro are top beneficiaries of the H-1B visa programme, using it to send computer engineers to service clients in the U.S., their largest overseas market.

(Reuters)

The outcome led to a mass unwinding of safe-haven trades in favour of riskier assets

Indian shares rose on Monday and the rupee strengthened as investors breathed a sigh of relief after the market's favoured candidate, Emmanuel Macron, won the first round of the French presidential election. The outcome led to a mass unwinding of safe-haven trades in favour of riskier assets, although in India gains were tempered as investors awaited a slew of quarterly earnings reports, including that of Reliance Industries Ltd due later in the day. "There's a good chance in France for Macron to win, which is positive for global markets," said Neeraj Dewan, director at Quantum Securities. Macron will now face far-right leader Marine Le Pen in a May 7 runoff, with opinion polls on Sunday predicting an easy win for him in the final clash. The broader NSE Nifty rose 0.62 percent to 9,175.60 by 0622 GMT, while the benchmark BSE Sensex was 0.52 percent higher at 29,518.15. The rupee strengthened to 64.4850/4900 per dollar from its close of 64.61/62 on Friday, but bonds fell, with the benchmark 10-year bond yield rising 2 basis points to 6.94 percent. Cement stocks were among the biggest gainers on the NSE index, following better-than-expected quarterly results by ACC Ltd on Friday. The Nifty realty index climbed as much as 3.9 percent to its highest since July 2014. ACC gained as much as 6.2 percent and was the top percentage gainer on the Nifty. HDFC Bank Ltd rose as much as 2.8 percent to a record high after the country's second-biggest lender by assets on Friday reported higher-than-expected profit for the March quarter. But IT stocks fell on continued concerns over U.S. President Donald Trump's order last week to a review the country's visa program to encourage hiring Americans. Tata Consultancy Services Ltd, Infosys Ltd, and Wipro Ltd dropped more than 1 percent each. Indian firms like Tata Consultancy Services, Infosys, and Wipro are top beneficiaries of the H-1B visa programme, using it to send computer engineers to service clients in the U.S., their largest overseas market. (Reuters)

Sensex, rupee rise as French vote brings relief

Indian shares ended lower on Monday as investors largely kept to the sidelines following a disappointing start to the earnings season last week after Infosys Ltd issued a lower-than-expected revenue guidance.&nbsp;

The Nifty closed down 0.13 per cent at 9,139.30, while the Sensex ended 0.16 per cent lower at 29,413.66.&nbsp; 
 
Investors waited for positive corporate results after a disappointing start to the earnings season last week when Infosys Ltd issued a lower-than-expected revenue guidance.

Shares of Infosys, the country`s second-biggest software services exporter, were down 0.7 percent after falling 3.87 percent on Thursday. Markets were closed on Friday for a public holiday.&nbsp;

The weak guidance raised concerns about earnings, with Tata Consultancy Services Ltd, Yes Bank Ltd, and HDFC Bank Ltd due to report this week.

&quot;With the earnings season having just begun, markets need to see some kind of confirmation that growth will come,&quot; said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

&quot;Broadly, markets are consolidating and are finding it difficult to sustain fresh highs, and profit-booking is coming in.&quot;&nbsp;

(Reuters)

The Nifty closed down 0.13 per cent at 9,139.30, while the Sensex ended 0.16 per cent lower at 29,413.66

Indian shares ended lower on Monday as investors largely kept to the sidelines following a disappointing start to the earnings season last week after Infosys Ltd issued a lower-than-expected revenue guidance. The Nifty closed down 0.13 per cent at 9,139.30, while the Sensex ended 0.16 per cent lower at 29,413.66. Investors waited for positive corporate results after a disappointing start to the earnings season last week when Infosys Ltd issued a lower-than-expected revenue guidance. Shares of Infosys, the country`s second-biggest software services exporter, were down 0.7 percent after falling 3.87 percent on Thursday. Markets were closed on Friday for a public holiday. The weak guidance raised concerns about earnings, with Tata Consultancy Services Ltd, Yes Bank Ltd, and HDFC Bank Ltd due to report this week. "With the earnings season having just begun, markets need to see some kind of confirmation that growth will come," said Saurabh Jain, assistant vice-president of research at SMC Global Securities. "Broadly, markets are consolidating and are finding it difficult to sustain fresh highs, and profit-booking is coming in." (Reuters)

Infosys pulls down Sensex as investors turn cautious

Indian shares traded flat on Wednesday, paring gains after the NSE Nifty hit a record high at the open, as investors took a breather ahead of the central bank policy meet due this week.

The monetary policy committee of the Reserve Bank of India (RBI) is likely to leave the repo rate at 6.25 per cent, where it has been since October, a Reuters poll found.

However, investors are expecting the RBI to announce measures to drain the 4 trillion rupees that have accumulated in the banking system in March, double as compared with January.

&quot;The market is moving slightly ahead of time, so it is taking a small breather. One might see some profit-booking as well,&quot; said Deven Choksey, managing director, K R Choksey Investment Managers.

The broader Nifty was up 0.17 per cent at 9,253.30, as of 0617 GMT, after earlier hitting an all-time high of 9,264.95.

The benchmark BSE Sensex was 0.12 per cent higher at 29,946.83. It went as high as 30,007.48, just 17.26 points shy of its record peak of 30,024.74 touched on March 4, 2015.

Housing Development Finance Corp dropped as much as 2.25 per cent.&nbsp;

Among gainers, Shankara Building Products Ltd surged as much as 37 per cent on its market debut, with its up to 3.45 billion rupees ($52.96 million) IPO oversubscribed more than 41 times.

Shares of Titan Company Ltd hit a record high after it said consumer sentiment has recovered in January-March quarter and sales were good for all divisions.

TVS Motor Company rose as much as 2.72 per cent to a record high after posting a 10 per cent increase in total vehicle sales for March 2017.&nbsp;

Indian stock, bonds and currency markets were closed on Tuesday for a market holiday.

(Reuters)

Investors are expecting the RBI to announce measures to drain the 4 trillion rupees that have accumulated in the banking system in March

Indian shares traded flat on Wednesday, paring gains after the NSE Nifty hit a record high at the open, as investors took a breather ahead of the central bank policy meet due this week. The monetary policy committee of the Reserve Bank of India (RBI) is likely to leave the repo rate at 6.25 per cent, where it has been since October, a Reuters poll found. However, investors are expecting the RBI to announce measures to drain the 4 trillion rupees that have accumulated in the banking system in March, double as compared with January. "The market is moving slightly ahead of time, so it is taking a small breather. One might see some profit-booking as well," said Deven Choksey, managing director, K R Choksey Investment Managers. The broader Nifty was up 0.17 per cent at 9,253.30, as of 0617 GMT, after earlier hitting an all-time high of 9,264.95. The benchmark BSE Sensex was 0.12 per cent higher at 29,946.83. It went as high as 30,007.48, just 17.26 points shy of its record peak of 30,024.74 touched on March 4, 2015. Housing Development Finance Corp dropped as much as 2.25 per cent. Among gainers, Shankara Building Products Ltd surged as much as 37 per cent on its market debut, with its up to 3.45 billion rupees ($52.96 million) IPO oversubscribed more than 41 times. Shares of Titan Company Ltd hit a record high after it said consumer sentiment has recovered in January-March quarter and sales were good for all divisions. TVS Motor Company rose as much as 2.72 per cent to a record high after posting a 10 per cent increase in total vehicle sales for March 2017. Indian stock, bonds and currency markets were closed on Tuesday for a market holiday. (Reuters)

Before RBI policy review, markets take cautious approach

Indian shares clocked a record closing high on Wednesday helped by a rally in auto and realty stocks, while investors awaited a central bank policy meet due this week.

The Nifty ended 0.30 per cent higher at 9,265.15. Earlier in the day, the index hit 9273.9, its highest ever.

The benchmark Sensex closed up 0.21 per cent at 29,974.24 after breaching the 30,000 mark earlier in the session for the first time since March 4, 2015.

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BSE Sensex closed higher by 64 points, or 0.21%, to 29,974, while the Nifty 50 rose 27 points, or 0.30%, to 9,265 (WION)
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(Reuters)

The benchmark Sensex closed up 0.21% at 29,974.24 after breaching the 30,000 mark

Indian shares clocked a record closing high on Wednesday helped by a rally in auto and realty stocks, while investors awaited a central bank policy meet due this week. The Nifty ended 0.30 per cent higher at 9,265.15. Earlier in the day, the index hit 9273.9, its highest ever. The benchmark Sensex closed up 0.21 per cent at 29,974.24 after breaching the 30,000 mark earlier in the session for the first time since March 4, 2015. BSE Sensex closed higher by 64 points, or 0.21%, to 29,974, while the Nifty 50 rose 27 points, or 0.30%, to 9,265 (WION) × (Reuters)

India's Sensex breaches 30k mark, first time in 2 years

The Nifty ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years.

The Nifty advanced 3.3 per cent this month after hitting a record high of 9,218.40 on March 17. For the quarter it rose 12.1 per cent, its best showing since April-June 2014.

On Friday, the Nifty ended flat at 9,173.75, while the benchmark Sensex fell 0.09 per cent to 29,620.50. Both indexes gained 0.7 per cent for the week.

(Reuters)

The Nifty advanced 3.3 per cent this month after hitting a record high of 9,218.40 on March 17

The Nifty ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years. The Nifty advanced 3.3 per cent this month after hitting a record high of 9,218.40 on March 17. For the quarter it rose 12.1 per cent, its best showing since April-June 2014. On Friday, the Nifty ended flat at 9,173.75, while the benchmark Sensex fell 0.09 per cent to 29,620.50. Both indexes gained 0.7 per cent for the week. (Reuters)

Indian shares end flat; Nifty posts best quarter in almost three years

Indian shares rose for a second consecutive session as lenders such as State Bank of India rallied after finance minister Arun Jaitley said the government would soon announce new measures to tackle non-performing assets (NPAs).

The government and the Reserve Bank of India would announce the measures in &quot;a couple of days&quot;, Jaitley said at a CNBC-TV18 event.

Lenders also got a boost from expectation of good demand for Yes Bank&#39;s up to $750 million share sale announced on Thursday.

But broader sentiment remained cautious, with the NSE Nifty poised to record its first weekly loss in three, retreating from a record high hit last week.

&quot;Yes Bank&#39;s Qualified Institutional Placement yesterday was subscribed at almost 1,500 rupees per share and this has improved the sentiment in the sector, resulting in a rally in bank stocks. The finance minister&#39;s statement on the NPAs issue too was a positive,&quot; said Rakesh Tarway, head of research at Reliance Securities Ltd.

The broader Nifty was up 0.44 per cent at 9,126 by 0510 GMT, while the benchmark Sensex was 0.52 per cent higher at 29,484.97.

ICICI Bank and State Bank of India were among the top gainers on the Nifty 50 index, rising more than 2 per cent each after Jaitley&#39;s comments.

Yes Bank rose as much as 1.72 per cent.

Bharat Petroleum Corp was the top loser as oil retailers fell after CLSA analysts forecast a weak January-March quarter for major oil marketing companies.

(Reuters)

The finance minister on Thursday said the Indian government would soon announce new measures to tackle non-performing assets

Indian shares rose for a second consecutive session as lenders such as State Bank of India rallied after finance minister Arun Jaitley said the government would soon announce new measures to tackle non-performing assets (NPAs). The government and the Reserve Bank of India would announce the measures in "a couple of days", Jaitley said at a CNBC-TV18 event. Lenders also got a boost from expectation of good demand for Yes Bank's up to $750 million share sale announced on Thursday. But broader sentiment remained cautious, with the NSE Nifty poised to record its first weekly loss in three, retreating from a record high hit last week. "Yes Bank's Qualified Institutional Placement yesterday was subscribed at almost 1,500 rupees per share and this has improved the sentiment in the sector, resulting in a rally in bank stocks. The finance minister's statement on the NPAs issue too was a positive," said Rakesh Tarway, head of research at Reliance Securities Ltd. The broader Nifty was up 0.44 per cent at 9,126 by 0510 GMT, while the benchmark Sensex was 0.52 per cent higher at 29,484.97. ICICI Bank and State Bank of India were among the top gainers on the Nifty 50 index, rising more than 2 per cent each after Jaitley's comments. Yes Bank rose as much as 1.72 per cent. Bharat Petroleum Corp was the top loser as oil retailers fell after CLSA analysts forecast a weak January-March quarter for major oil marketing companies. (Reuters)

Sensex rises for second day as Jaitley's comment boosts lenders

Indian shares dropped for a third straight session on Wednesday as banking and automobile shares fell, while regional markets were trading lower tracking overnight losses on Wall Street on doubts over US&nbsp;President Donald Trump&#39;s economic policies.

Asian stocks fell as doubts on Trump&#39;s economic growth agenda prompted investors to dump risky assets in search of safe havens such as government bonds.

Wall Street fell sharply on Tuesday with the S&amp;P 500 and Dow Jones Industrial Average losing over 1 per cent in their worst one-day performances since before Trump&#39;s election victory in November.

MSCI&#39;s broadest index of Asia-Pacific shares outside Japan fell 1.3 per cent.

The broader NSE Nifty was down 0.85 per cent at 9,043.65 by 0520 GMT, its lowest since March 10, while the benchmark BSE Sensex was 0.81 per cent lower at 29,248.05.

&quot;The news from the US&nbsp;was the trigger today, but we were expecting corrective and sideways movement as the market was already in an overbought zone. Nifty is consolidating. Midcap stocks have done good run-up and some profit-booking cannot be ruled out,&quot; said Vaishali Parekh, research analyst at Prabhudas Lilladher Pvt Ltd.

&quot;Stocks in the metal and banking sectors had run up to a great extent and these sectors are feeling the pressure now,&quot; added Parekh.

On the Nifty 50, financial stocks contributed most to the losses, led by index heavyweight ICICI Bank which was down 1.6 per cent. The Nifty Finance index declined for a fourth consecutive session.

Auto stocks also lost traction with Mahindra &amp; Mahindra Ltd and Tata Motors falling 2 per cent and 1.4 per cent, respectively, to pull down the NSE index.

Telecom services provider Bharti Airtel was among the top losers on both the NSE and BSE indices, slipping around 3 per cent.

Market rumours that the company is planning to hike capex to 300 billion rupees in FY18 to take on the newly-formed Idea-Vodafone combine may be the reason behind the movement, said an analyst covering the stock, who did not wish to be named.

Only four stocks gained on the Nifty index with Axis Bank, up 1.58 per cent, leading the pack.

(Reuters)

Asian stocks fell as doubts on Trump's economic growth agenda prompted investors to dump risky assets in search of safe havens

Indian shares dropped for a third straight session on Wednesday as banking and automobile shares fell, while regional markets were trading lower tracking overnight losses on Wall Street on doubts over US President Donald Trump's economic policies. Asian stocks fell as doubts on Trump's economic growth agenda prompted investors to dump risky assets in search of safe havens such as government bonds. Wall Street fell sharply on Tuesday with the S&P 500 and Dow Jones Industrial Average losing over 1 per cent in their worst one-day performances since before Trump's election victory in November. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3 per cent. The broader NSE Nifty was down 0.85 per cent at 9,043.65 by 0520 GMT, its lowest since March 10, while the benchmark BSE Sensex was 0.81 per cent lower at 29,248.05. "The news from the US was the trigger today, but we were expecting corrective and sideways movement as the market was already in an overbought zone. Nifty is consolidating. Midcap stocks have done good run-up and some profit-booking cannot be ruled out," said Vaishali Parekh, research analyst at Prabhudas Lilladher Pvt Ltd. "Stocks in the metal and banking sectors had run up to a great extent and these sectors are feeling the pressure now," added Parekh. On the Nifty 50, financial stocks contributed most to the losses, led by index heavyweight ICICI Bank which was down 1.6 per cent. The Nifty Finance index declined for a fourth consecutive session. Auto stocks also lost traction with Mahindra & Mahindra Ltd and Tata Motors falling 2 per cent and 1.4 per cent, respectively, to pull down the NSE index. Telecom services provider Bharti Airtel was among the top losers on both the NSE and BSE indices, slipping around 3 per cent. Market rumours that the company is planning to hike capex to 300 billion rupees in FY18 to take on the newly-formed Idea-Vodafone combine may be the reason behind the movement, said an analyst covering the stock, who did not wish to be named. Only four stocks gained on the Nifty index with Axis Bank, up 1.58 per cent, leading the pack. (Reuters)

Sensex drops tracking global cues; banks, autos drag

Riding high on a BJP victory in Uttar Pradesh and Uttarakhand, the BSE Sensex today touched a two year high and ended at 29442.63, up 496.4 points, and the Nifty crossed the 9000 barrier and closed above it for the first time.

Solid Index of Industrial Production numbers alo propelled the markets to new highs as investors felt confident that the reform agenda will be pushed harder by the BJP government. 
&nbsp;&nbsp; 
Earlier, the Chief Economic Adviser, Arvind Subramanian, said that the election verdict will give the Modi government a &quot;political mandate&quot; to carry out its economic agenda, reported PTI.

&quot;The government now has the political mandate for doing what it wants to do. And that will include how do we further the development process,&quot; Subramanian told PTI on the sidelines of the event.

&quot;What specifically needs to be done, that we&#39;ll see. But I think there is a strong political mandate for the government and the Prime Minister,&quot; he said.

On demonetisation, he said that there are a number of milestones which need to be achieved to call it a success.

The verdict also points to the fact that the government&#39;s demonetisation move received a thumbs-up from the people.&nbsp;

The verdict will help BJP gain in terms of increasing its Rajya Sabha strength and a smooth passage for its economic and social agendas.

(WION with inputs from PTI) &nbsp;

The rally was backed by solid IIP numbers

Riding high on a BJP victory in Uttar Pradesh and Uttarakhand, the BSE Sensex today touched a two year high and ended at 29442.63, up 496.4 points, and the Nifty crossed the 9000 barrier and closed above it for the first time. Solid Index of Industrial Production numbers alo propelled the markets to new highs as investors felt confident that the reform agenda will be pushed harder by the BJP government. Earlier, the Chief Economic Adviser, Arvind Subramanian, said that the election verdict will give the Modi government a "political mandate" to carry out its economic agenda, reported PTI. "The government now has the political mandate for doing what it wants to do. And that will include how do we further the development process," Subramanian told PTI on the sidelines of the event. "What specifically needs to be done, that we'll see. But I think there is a strong political mandate for the government and the Prime Minister," he said. On demonetisation, he said that there are a number of milestones which need to be achieved to call it a success. The verdict also points to the fact that the government's demonetisation move received a thumbs-up from the people. The verdict will help BJP gain in terms of increasing its Rajya Sabha strength and a smooth passage for its economic and social agendas. (WION with inputs from PTI)

BJP victory in state elections propels Sensex to two-year high

Indian shares retreated on Tuesday from four-month highs hit in the previous session as investors stayed on the sidelines ahead of the Reserve Bank of India&#39;s policy meeting.

Analysts expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April.

RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation, some analysts said.

Most Indian automakers were down, contributing to over three-fourths of Nifty&#39;s decline, with Tata Motors Ltd and Mahindra &amp; Mahindra Ltd falling as much as 2.4 per cent and 1.7 per cent respectively.

Banks have already slashed lending rates this year after deposits surged following the ban on high-denomination currency notes, reducing the need for further rate cuts.

&quot;I don&#39;t think that the RBI will cut interest rates this time,&quot; says Sangeeth V, an institutional sales trader with Paterson Securities.

&quot;Banks are already flush with funds post-demonetisation.&quot;

The broader Nifty was down 0.28 per cent at 8,777.30 as of 6:04 GMT while the benchmark 30-stock Sensex was trading 0.24 per cent lower at 28,371.40.

On Monday, both the indexes hit their highest since late September.

Among the gainers, ITC Ltd rose to a record high. Government-owned Specified Undertaking Of The Unit Trust Of India sold a two-percent stake in the country&#39;s biggest cigarette maker via block deals.

Railway coach maker Titagarh Wagons Ltd rose as much as 7 per cent after getting a contract worth one billion rupees from the Ministry of Earth Sciences. ($14.84 million).

(Reuters)

Analysts expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low

Indian shares retreated on Tuesday from four-month highs hit in the previous session as investors stayed on the sidelines ahead of the Reserve Bank of India's policy meeting. Analysts expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April. RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation, some analysts said. Most Indian automakers were down, contributing to over three-fourths of Nifty's decline, with Tata Motors Ltd and Mahindra & Mahindra Ltd falling as much as 2.4 per cent and 1.7 per cent respectively. Banks have already slashed lending rates this year after deposits surged following the ban on high-denomination currency notes, reducing the need for further rate cuts. "I don't think that the RBI will cut interest rates this time," says Sangeeth V, an institutional sales trader with Paterson Securities. "Banks are already flush with funds post-demonetisation." The broader Nifty was down 0.28 per cent at 8,777.30 as of 6:04 GMT while the benchmark 30-stock Sensex was trading 0.24 per cent lower at 28,371.40. On Monday, both the indexes hit their highest since late September. Among the gainers, ITC Ltd rose to a record high. Government-owned Specified Undertaking Of The Unit Trust Of India sold a two-percent stake in the country's biggest cigarette maker via block deals. Railway coach maker Titagarh Wagons Ltd rose as much as 7 per cent after getting a contract worth one billion rupees from the Ministry of Earth Sciences. ($14.84 million). (Reuters)

Sensex, Nifty trade lower ahead of RBI policy meet

Stock market turned cautious amid the budget announcements by finance minister Arun Jaitley with the key indices paring early gains as IT, pharma and power shares witnessed selling pressure.

The benchmark BSE Sensex opened higher at 27,669.08 and moved in a range of 27,725.16 and 27,590.10 points in morning trade.

At 11:45 hrs, the Sensex surrendered the gains to trade lower by 4.45 points, or 0.02 per cent, at 27,651.51 points dragged by losses in IT major TCS and Infosys.

At 12:12 pm BSE Sensex traded down 11.76 points at 27,644.&nbsp;

At 12:46 pm Sensex was down 25.65 points or 0.09 per cent at 27630.31.

At 1:03 pm Sensex was up 219.37 points or 0.79 per cent at 27,875.33 &nbsp;post the budget session.&nbsp;

The wider NSE Nifty had gained 21.90 points, or 0.26 per cent, at 8,583.20 in opening trade.

However, at 11:45 hrs, it fell by 6.65 points, or 0.08 per cent, at 8,554.65 points with 25 constituents led by TCS Tech Mahindra Infosys and Idea trading in the negative zone.

Investors were focusing on ongoing Budget announcements on the expectation of applying balm on frayed nerves.

Meanwhile, Nikkei Markit India Manufacturing Purchasing Managers&#39;Index (PMI) monthly survey rebounded from demonetisation downturn in January amid rising order books, production as well as buying levels and the expansion in the sector by increasing 50.4 in January from 49.6 in December.

Among the major gainers were, SBIN 2.73 per cent, ITC 1.76 per cent, HDFC 1.55 per cent, Adani Ports 1.35 per cent, Maruti 1.31 per cent and L&amp;T 1.28 per cent.

Notable losers were TCS 2.62 per cent, Dr Reddy 2.08 per cent, Lupin 2.07 per cent and Infosys 1.92 per cent.

Meanwhile, the foreign portfolio investors (FPIs) sold shares worth a net Rs 532.88 crore yesterday, as per provisional data released by the stock exchanges.

Overseas, most Asian markets were trading higher as markets continue to assess the latest policies from Trump, and his take on the US dollar. Markets in China, Taiwan, Malaysia and Vietnam remain closed for a holiday.

US stocks ended mostly lower yesterday, as declines in industrial, technology and financials shares outweighed gains in health-care and utilities sector.

(PTI)

The Sensex traded up 16.91 points at 27672.87 and the Nifty traded up 8.20 points at 8569.50 ahead of the Budget

Stock market turned cautious amid the budget announcements by finance minister Arun Jaitley with the key indices paring early gains as IT, pharma and power shares witnessed selling pressure. The benchmark BSE Sensex opened higher at 27,669.08 and moved in a range of 27,725.16 and 27,590.10 points in morning trade. At 11:45 hrs, the Sensex surrendered the gains to trade lower by 4.45 points, or 0.02 per cent, at 27,651.51 points dragged by losses in IT major TCS and Infosys. At 12:12 pm BSE Sensex traded down 11.76 points at 27,644. At 12:46 pm Sensex was down 25.65 points or 0.09 per cent at 27630.31. At 1:03 pm Sensex was up 219.37 points or 0.79 per cent at 27,875.33 post the budget session. The wider NSE Nifty had gained 21.90 points, or 0.26 per cent, at 8,583.20 in opening trade. However, at 11:45 hrs, it fell by 6.65 points, or 0.08 per cent, at 8,554.65 points with 25 constituents led by TCS Tech Mahindra Infosys and Idea trading in the negative zone. Investors were focusing on ongoing Budget announcements on the expectation of applying balm on frayed nerves. Meanwhile, Nikkei Markit India Manufacturing Purchasing Managers'Index (PMI) monthly survey rebounded from demonetisation downturn in January amid rising order books, production as well as buying levels and the expansion in the sector by increasing 50.4 in January from 49.6 in December. Among the major gainers were, SBIN 2.73 per cent, ITC 1.76 per cent, HDFC 1.55 per cent, Adani Ports 1.35 per cent, Maruti 1.31 per cent and L&T 1.28 per cent. Notable losers were TCS 2.62 per cent, Dr Reddy 2.08 per cent, Lupin 2.07 per cent and Infosys 1.92 per cent. Meanwhile, the foreign portfolio investors (FPIs) sold shares worth a net Rs 532.88 crore yesterday, as per provisional data released by the stock exchanges. Overseas, most Asian markets were trading higher as markets continue to assess the latest policies from Trump, and his take on the US dollar. Markets in China, Taiwan, Malaysia and Vietnam remain closed for a holiday. US stocks ended mostly lower yesterday, as declines in industrial, technology and financials shares outweighed gains in health-care and utilities sector. (PTI)

India Budget 2017: Sensex starts on a positive note

There were signs of anxiety in the market as the Sensex today slumped 194 points ahead of the budget - to be presented on Wednesday - to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5 per cent for 2016-17.

The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H-1-B visa programme dealt a blow to IT stocks, which saw a big fall.

TCS, Wipro and Infosys dropped by upto 4.47 per cent, dragging down the BSE IT index by 2.96 per cent, followed by technology that tanked 2.49 per cent.

The Economic Survey for 2016-17, tabled in Parliament by Finance Minister Arun Jaitley today, underscored the need for more reforms. Its GDP growth forecast for this fiscal is lower than the 7.1 per cent put out by the Central Statistics Office earlier this month.

The Sensex closed down 193.60 points, or 0.70 per cent, at 27,655.96, it&#39;s lowest closing since January 24 when the figure was 27,375.58. It had lost 33 points in the previous session.

The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30.

The risk-averse behaviour was on display as participants took cues from global stocks that remained on the backfoot following Trump&#39;s controversial crackdown on immigration.

&quot;The Economic Survey failed to impress investors who opted for keeping their commitments at a low ebb and wait for the the budget,&quot; said Manoj Choraria, a Delhi-based stock broker.

GAIL, Adani Ports, Sun Pharma, Tata Motors, Coal India, Lupin, Axis Bank and NTPC were among those that weighed.&nbsp;Sectoral indices such as oil and gas (1.64 per cent), PSU (1.39 per cent), healthcare (1.38 per cent), infrastructure (1.31) per cent and metal (1.01 per cent) all turned weak.

Selling activity also extended to the broader markets, with the BSE mid-cap falling 1.10 per cent and the small-cap 1.03 per cent.&nbsp;According to provisional figures, foreign investors bought shares worth Rs 607.36 crore yesterday.

There were a few that went up cushioning the fall, which include ITC, PowerGrid, Bajaj Auto, ONGC and HDFC Bank.&nbsp;In Asia, most markets were closed today for a public holiday. Japan&#39;s Nikkei ended lower by 1.69 per cent. 
European markets, however, were trading higher as major indices in France, Germany and the UK moved up.

(PTI)

TCS, Wipro and Infosys dropped by upto 4.47 per cent, dragging down the BSE IT index by 2.96 per cent

There were signs of anxiety in the market as the Sensex today slumped 194 points ahead of the budget - to be presented on Wednesday - to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5 per cent for 2016-17. The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H-1-B visa programme dealt a blow to IT stocks, which saw a big fall. TCS, Wipro and Infosys dropped by upto 4.47 per cent, dragging down the BSE IT index by 2.96 per cent, followed by technology that tanked 2.49 per cent. The Economic Survey for 2016-17, tabled in Parliament by Finance Minister Arun Jaitley today, underscored the need for more reforms. Its GDP growth forecast for this fiscal is lower than the 7.1 per cent put out by the Central Statistics Office earlier this month. The Sensex closed down 193.60 points, or 0.70 per cent, at 27,655.96, it's lowest closing since January 24 when the figure was 27,375.58. It had lost 33 points in the previous session. The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30. The risk-averse behaviour was on display as participants took cues from global stocks that remained on the backfoot following Trump's controversial crackdown on immigration. "The Economic Survey failed to impress investors who opted for keeping their commitments at a low ebb and wait for the the budget," said Manoj Choraria, a Delhi-based stock broker. GAIL, Adani Ports, Sun Pharma, Tata Motors, Coal India, Lupin, Axis Bank and NTPC were among those that weighed. Sectoral indices such as oil and gas (1.64 per cent), PSU (1.39 per cent), healthcare (1.38 per cent), infrastructure (1.31) per cent and metal (1.01 per cent) all turned weak. Selling activity also extended to the broader markets, with the BSE mid-cap falling 1.10 per cent and the small-cap 1.03 per cent. According to provisional figures, foreign investors bought shares worth Rs 607.36 crore yesterday. There were a few that went up cushioning the fall, which include ITC, PowerGrid, Bajaj Auto, ONGC and HDFC Bank. In Asia, most markets were closed today for a public holiday. Japan's Nikkei ended lower by 1.69 per cent. European markets, however, were trading higher as major indices in France, Germany and the UK moved up. (PTI)

TCS, Infosys drag down Sensex at close

Indian shares edged lower on Monday after four straight sessions of gains on caution ahead of the federal budget, while broader sentiment was also hit by fears about the impact of US&nbsp;President Donald Trump&#39;s immigration curbs.

India&#39;s government is due to present its 2017/18 budget on Wednesday, with shares last week posting their biggest weekly gains in eight months on hopes the government will announce incentives to ease the impact from a bold and risky gamble to outlaw high-value old currency bills.

But further caution set in on Monday, especially as Asian shares fell on worries that Trump&#39;s ban on the entry of refugees into the US&nbsp;would prove destabilising for the rest of the world.

&quot;Markets are a little wary of what lies in the budget and have probably have rallied too far on the assumption that some good is in the offing,&quot; said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

The broader NSE Nifty was down 0.14 per cent at 8,629.05 by 0546 GMT, while the benchmark BSE Sensex was 0.06 per cent lower at 27,866.14.

Both indexes had risen more than 3 per cent last week in their biggest weekly gains since late May.

IT stocks contributed to a majority of the losses on the NSE index. The Nifty IT index fell 1.15 per cent, dragged down by Infosys Ltd and Tata Consultancy Services Ltd, which lost over 1.40 per cent each.

Investors also booked profits in recent outperformers: the Nifty bank index, which led gains last week, fell 0.40 per cent, dragged down by HDFC Bank Ltd and Kotak Mahindra Bank Ltd. The index had gained 4.72 per cent last week.

(Reuters)

India's government is due to present its 2017/18 budget on Wednesday

Indian shares edged lower on Monday after four straight sessions of gains on caution ahead of the federal budget, while broader sentiment was also hit by fears about the impact of US President Donald Trump's immigration curbs. India's government is due to present its 2017/18 budget on Wednesday, with shares last week posting their biggest weekly gains in eight months on hopes the government will announce incentives to ease the impact from a bold and risky gamble to outlaw high-value old currency bills. But further caution set in on Monday, especially as Asian shares fell on worries that Trump's ban on the entry of refugees into the US would prove destabilising for the rest of the world. "Markets are a little wary of what lies in the budget and have probably have rallied too far on the assumption that some good is in the offing," said Saurabh Jain, assistant vice-president of research at SMC Global Securities. The broader NSE Nifty was down 0.14 per cent at 8,629.05 by 0546 GMT, while the benchmark BSE Sensex was 0.06 per cent lower at 27,866.14. Both indexes had risen more than 3 per cent last week in their biggest weekly gains since late May. IT stocks contributed to a majority of the losses on the NSE index. The Nifty IT index fell 1.15 per cent, dragged down by Infosys Ltd and Tata Consultancy Services Ltd, which lost over 1.40 per cent each. Investors also booked profits in recent outperformers: the Nifty bank index, which led gains last week, fell 0.40 per cent, dragged down by HDFC Bank Ltd and Kotak Mahindra Bank Ltd. The index had gained 4.72 per cent last week. (Reuters)

Sensex edges lower on caution ahead of budget

The Indian indices, the BSE Sensex and the Nifty, fell fast after the opening bell Wednesday. The Sensex went into free fall and plunged by more than 1,500 points. Both the Sensex and the Nifty nosedived by almost 6 per cent.&nbsp;

The falls were expected, considering Prime Minister Narendra Modi&#39;s announcement last night that 500- and 1000-rupee notes would cease to be legal tender starting midnight. And world markets went into a panic as the possibility of a Donald Trump win in the US election began to look more and more real. &nbsp;&nbsp;

Most sectoral indices,m led by realty, consumer durables&nbsp;and auto, tumbled.

Real estate was the hardest hit. This is where people park their black money and the sector tanked after the Prime Minister&#39;s announcement.

Real estate prices were down by 15 per cent.

The major losers were DLF, Sobha Developers, India Bull Real Estate, Godrej Properties, HDIL and Unitech, down by up to 15 per cent.

The Rupee weakening against the US dollar by 23 paise to 66.85 added to the market sentiment.

Brent oil prices also dived 2.65 per cent to 44.82 per barrel in Asian trade. US S&amp;P futures plunged 4.45 per cent.&nbsp;

(WION)

Both the Sensex and the Nifty nosedived by almost 6 per cent

The Indian indices, the BSE Sensex and the Nifty, fell fast after the opening bell Wednesday. The Sensex went into free fall and plunged by more than 1,500 points. Both the Sensex and the Nifty nosedived by almost 6 per cent. The falls were expected, considering Prime Minister Narendra Modi's announcement last night that 500- and 1000-rupee notes would cease to be legal tender starting midnight. And world markets went into a panic as the possibility of a Donald Trump win in the US election began to look more and more real. Most sectoral indices,m led by realty, consumer durables and auto, tumbled. Real estate was the hardest hit. This is where people park their black money and the sector tanked after the Prime Minister's announcement. Real estate prices were down by 15 per cent. The major losers were DLF, Sobha Developers, India Bull Real Estate, Godrej Properties, HDIL and Unitech, down by up to 15 per cent. The Rupee weakening against the US dollar by 23 paise to 66.85 added to the market sentiment. Brent oil prices also dived 2.65 per cent to 44.82 per barrel in Asian trade. US S&P futures plunged 4.45 per cent. (WION)

India: Sensex crashes, falls more than 1,500 points

Indian shares rose about 1 per cent on Monday, snapping four sessions of losses, as Democrat Hillary Clinton&#39;s prospects improved in the US presidential race after federal investigators cleared her in their latest review.

The Federal Bureau of Investigation (FBI)&nbsp;said on Sunday it stood by its earlier finding that no criminal charges were warranted against Clinton for using a private email server for government work.

Asian shares rose on optimism over Clinton&#39;s chances just two days ahead of the election. The MSCI&#39;s broadest index of Asia-Pacific shares outside Japan advanced 0.8 per cent.

Investors had been unnerved by signs of a tightening presidential race between Clinton and Republican candidate Donald Trump, whose stance on foreign policy, trade and immigration are seen as less predictable by financial markets.

&quot;It is basically a sentiment-driven market. Markets are perceiving that Clinton has now become a stronger candidate than Trump,&quot; said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

The broader National Stock Exchange Nifty was up 1.05 per cent at 8,522.50 by 0551 GMT, while the benchmark Bombay Stock Exchange&nbsp;Sensex was 0.91 per cent higher at 27,522.10.

Financial and healthcare stocks were among the biggest percentage gainers on the NSE index after posting heavy losses last week.

The Nifty Bank index and the Nifty Pharma index rose as much as 1.4 per cent and 3.3 per cent, respectively, rebounding after four sessions of declines.

ICICI Bank Ltd &lt;ICBK.NS&gt;, which is set to report quarterly results later in the day, was up 2 per cent after falling 2.6 per cent last week.

Drugmaker Lupin Ltd &lt;LUPN.NS&gt; climbed as much as 8 per cent, after the company on Friday said the US&nbsp;FDA had cleared its Goa manufacturing plant for exports.

(Reuters)

Optimism over Clinton's chances rose as FBI said that no criminal charges were warranted against her for using private email server

Indian shares rose about 1 per cent on Monday, snapping four sessions of losses, as Democrat Hillary Clinton's prospects improved in the US presidential race after federal investigators cleared her in their latest review. The Federal Bureau of Investigation (FBI) said on Sunday it stood by its earlier finding that no criminal charges were warranted against Clinton for using a private email server for government work. Asian shares rose on optimism over Clinton's chances just two days ahead of the election. The MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.8 per cent. Investors had been unnerved by signs of a tightening presidential race between Clinton and Republican candidate Donald Trump, whose stance on foreign policy, trade and immigration are seen as less predictable by financial markets. "It is basically a sentiment-driven market. Markets are perceiving that Clinton has now become a stronger candidate than Trump," said Saurabh Jain, assistant vice-president of research at SMC Global Securities. The broader National Stock Exchange Nifty was up 1.05 per cent at 8,522.50 by 0551 GMT, while the benchmark Bombay Stock Exchange Sensex was 0.91 per cent higher at 27,522.10. Financial and healthcare stocks were among the biggest percentage gainers on the NSE index after posting heavy losses last week. The Nifty Bank index and the Nifty Pharma index rose as much as 1.4 per cent and 3.3 per cent, respectively, rebounding after four sessions of declines. ICICI Bank Ltd <ICBK.NS>, which is set to report quarterly results later in the day, was up 2 per cent after falling 2.6 per cent last week. Drugmaker Lupin Ltd <LUPN.NS> climbed as much as 8 per cent, after the company on Friday said the US FDA had cleared its Goa manufacturing plant for exports. (Reuters)

India: Sensex rises as Clinton's chances brighten

Indian shares ended lower on Thursday, as negative sentiment persisted across the globe after the Bank of Japan and the US&nbsp;Federal Reserve acknowledged concerns over Britain&#39;s likely exit from the European Union while keeping key policy rates steady.

The Bombay Stock Exchange Sensex fell 0.75 per cent to 26,525.46.

The broader National Stock Exchange Nifty was down 0.8 per cent at 8,140.75, after falling as much as 1.6 per cent earlier in the day. 
(Reuters)

The Bombay Stock Exchange Sensex fell 0.75 per cent to 26,525.46 while the National stock Exchange was down 0.8 per cent at 8,140.75

Indian shares ended lower on Thursday, as negative sentiment persisted across the globe after the Bank of Japan and the US Federal Reserve acknowledged concerns over Britain's likely exit from the European Union while keeping key policy rates steady. The Bombay Stock Exchange Sensex fell 0.75 per cent to 26,525.46. The broader National Stock Exchange Nifty was down 0.8 per cent at 8,140.75, after falling as much as 1.6 per cent earlier in the day. (Reuters)

Indian stock index ends lower as Brexit concerns persist

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