The rupee Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget.

Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim budget and rising crude oil prices weighed on the local unit.

The current government is set to present its last Budget Friday, which is expected to have major announcements to support the farm sector and spur consumption.

At the Interbank Foreign Exchange, the rupee opened at 71.08 then fell further to 71.17 against the US dollar, showing a decline of 9 paise over its previous closing.

On Thursday, the rupee had settled 4 paise higher at 71.08 against the US dollar.

However, positive opening in domestic equities and fresh foreign fund inflows capped the losses for the domestic unit.

Foreign funds bought shares worth Rs 3,006.41 crore from the capital markets on a net basis Thursday, while domestic institutional investors sold shares worth Rs 1,634.32 crore, provisional data showed.

The global benchmark, brent crude oil was trading at $61.49 per barrel, higher by 0.28 per cent.

Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark Sensex was trading at 36,364.70, up 106.13 points in early trade. The wide-based Nifty was also trading up by 30.20 points at 10,861.15.&nbsp;

The rupee Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget.

The rupee Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget. Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim budget and rising crude oil prices weighed on the local unit. The current government is set to present its last Budget Friday, which is expected to have major announcements to support the farm sector and spur consumption. At the Interbank Foreign Exchange, the rupee opened at 71.08 then fell further to 71.17 against the US dollar, showing a decline of 9 paise over its previous closing. On Thursday, the rupee had settled 4 paise higher at 71.08 against the US dollar. However, positive opening in domestic equities and fresh foreign fund inflows capped the losses for the domestic unit. Foreign funds bought shares worth Rs 3,006.41 crore from the capital markets on a net basis Thursday, while domestic institutional investors sold shares worth Rs 1,634.32 crore, provisional data showed. The global benchmark, brent crude oil was trading at $61.49 per barrel, higher by 0.28 per cent. Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark Sensex was trading at 36,364.70, up 106.13 points in early trade. The wide-based Nifty was also trading up by 30.20 points at 10,861.15.

Rupee slips 9 paise to 71.17 against US dollar in early trade; focus on interim budget

After gyrating over 350 points, the benchmark BSE Sensex Tuesday ended 64.20 points lower at 35,592 on mixed cues from global markets amid fresh concerns over ongoing US-China trade tiff.

The NSE Nifty also edged lower by over 9 points to close at 10,652.

Investors also appeared cautious ahead of upcoming US Fed monetary policy, the Union Budget and the monthly expiry of futures and options contracts.&nbsp;&nbsp; &nbsp;&nbsp;

"Market opened on a negative note due to uncertainties surrounding the global market and upcoming US Fed policy. However, towards the closing, market managed to recoup some of the losses supported by strengthening rupee and short-covering ahead of F&amp;O expiry. The market is not completely out of the wood as volatility may extend in the coming days due to interim budget and election-led uncertainty," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said.

Among the Sensex pack, Yes Bank, L&amp;T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.

Other laggards were Kotak Bank, ONGC, Mahindra and Mahindra, SBI, Tata Steel and Infosys.

Among the top gainers were Sun Pharma, rallying 2.61 per cent. It was followed by Bajaj Finance, TCS, Asian Paints, ITC, HCL Tech -- rising up to 2.61 per cent.

During the day, the 30-share Sensex touched an intra-day high of 35,734.14 and dipped to a low of 35,375.51. It finally settled with a loss of 64.20 points, or 0.18 per cent, at 35,592.50.

While, the broader NSE Nifty settled 9.35 points, or 0.09 per cent, down at 10,652.20.

The Indian rupee, meanwhile, was trading flat against US dollar at 71.09.

While Brent crude futures rose 1.05 per cent to USD 60.44 per barrel.

On a net basis, foreign portfolio investors (FPIs) purchased shares worth a net of Rs 223.44 crore Monday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 92.32 crore, provisional data available with BSE showed.&nbsp;&nbsp; &nbsp;

Globally, investor sentiment turned jittery after the US charged Chinese telecom giant Huawei with a series of crimes including stealing trade secrets, a move that can escalate hostilities between the world's biggest economic powers and complicate efforts to negotiate an end to their bruising trade war, analysts said.

Elsewhere in Asia, Hong Kong's Hang Seng slipped 0.16 per cent and Shanghai Composite Index shed 0.10 per cent; while Korea's Kospi rebounded 0.28 per cent and Japan's Nikkei was up 0.07 per cent.

In the eurozone, Frankfurt's DAX was up 0.01 per cent, while Paris CAC 40 rose 0.42 per cent in late morning deals. While London's FTSE jumped 1.12 per cent. 
On Wall Street, Dow Jones Industrial Average ended 0.84 per cent lower on Monday.

After gyrating over 350 points, the benchmark BSE Sensex Tuesday ended 64.20 points lower at 35,592 on mixed cues from global markets amid fresh concerns over ongoing US-China trade tiff.

After gyrating over 350 points, the benchmark BSE Sensex Tuesday ended 64.20 points lower at 35,592 on mixed cues from global markets amid fresh concerns over ongoing US-China trade tiff. The NSE Nifty also edged lower by over 9 points to close at 10,652. Investors also appeared cautious ahead of upcoming US Fed monetary policy, the Union Budget and the monthly expiry of futures and options contracts. "Market opened on a negative note due to uncertainties surrounding the global market and upcoming US Fed policy. However, towards the closing, market managed to recoup some of the losses supported by strengthening rupee and short-covering ahead of F&O expiry. The market is not completely out of the wood as volatility may extend in the coming days due to interim budget and election-led uncertainty," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said. Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent. Other laggards were Kotak Bank, ONGC, Mahindra and Mahindra, SBI, Tata Steel and Infosys. Among the top gainers were Sun Pharma, rallying 2.61 per cent. It was followed by Bajaj Finance, TCS, Asian Paints, ITC, HCL Tech -- rising up to 2.61 per cent. During the day, the 30-share Sensex touched an intra-day high of 35,734.14 and dipped to a low of 35,375.51. It finally settled with a loss of 64.20 points, or 0.18 per cent, at 35,592.50. While, the broader NSE Nifty settled 9.35 points, or 0.09 per cent, down at 10,652.20. The Indian rupee, meanwhile, was trading flat against US dollar at 71.09. While Brent crude futures rose 1.05 per cent to USD 60.44 per barrel. On a net basis, foreign portfolio investors (FPIs) purchased shares worth a net of Rs 223.44 crore Monday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 92.32 crore, provisional data available with BSE showed. Globally, investor sentiment turned jittery after the US charged Chinese telecom giant Huawei with a series of crimes including stealing trade secrets, a move that can escalate hostilities between the world's biggest economic powers and complicate efforts to negotiate an end to their bruising trade war, analysts said. Elsewhere in Asia, Hong Kong's Hang Seng slipped 0.16 per cent and Shanghai Composite Index shed 0.10 per cent; while Korea's Kospi rebounded 0.28 per cent and Japan's Nikkei was up 0.07 per cent. In the eurozone, Frankfurt's DAX was up 0.01 per cent, while Paris CAC 40 rose 0.42 per cent in late morning deals. While London's FTSE jumped 1.12 per cent. On Wall Street, Dow Jones Industrial Average ended 0.84 per cent lower on Monday.

Sensex, Nifty end lower on mixed global cues

The benchmark BSE Sensex Monday plunged over 368 points to close at 35,656.70 due to across-the-board selling on the bourse as market sentiment turned volatile days ahead of the Union Budget, which is widely believed to have some populist announcements.

Heavy selling pressure emerged in banking, auto and consumer durable stocks.&nbsp;

Also, the NSE Nifty tumbled 119 points to end at 10,661.55 amid weak global cues.&nbsp;

The Sensex touched an intra-day high of 36,124.26 and low of 35,565.15. It finished 368.84 points, or 1.02 per cent, down at 35,656.70.

While the broader NSE Nifty touched a high of 10,804.45 during the day and fell to a low of 10,630.95. It finally ended 119, or 1.10 per cent, down at 10,661.55.

Among the Sensex pack, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.&nbsp;

Elsewhere in Asia, Hong Kong's Hang Seng climbed 0.02 per cent, Korea Kospi fell 0.02 per cent, Japan's Nikkei declined 0.60 per cent and Shanghai Composite Index slipped 0.18 per cent.

In the eurozone, Frankfurt's DAX fell 0.29 per cent, while Paris CAC 40 was down 0.36 per cent in late morning deals. While, London's FTSE gained 0.04 per cent.

Meanwhile, the rupee was trading higher by 9 paise to 71.08 against the US dollar.&nbsp;

Brent crude, the global oil benchmark, was trading lower at USD 60.48 per barrel, down by 1.88 per cent.

The benchmark BSE Sensex Monday plunged over 368 points to close at 35,656.70 due to across-the-board selling on the bourse as market sentiment turned volatile days ahead of the Union Budget, which is widely believed to have some populist announcements.

The benchmark BSE Sensex Monday plunged over 368 points to close at 35,656.70 due to across-the-board selling on the bourse as market sentiment turned volatile days ahead of the Union Budget, which is widely believed to have some populist announcements. Heavy selling pressure emerged in banking, auto and consumer durable stocks. Also, the NSE Nifty tumbled 119 points to end at 10,661.55 amid weak global cues. The Sensex touched an intra-day high of 36,124.26 and low of 35,565.15. It finished 368.84 points, or 1.02 per cent, down at 35,656.70. While the broader NSE Nifty touched a high of 10,804.45 during the day and fell to a low of 10,630.95. It finally ended 119, or 1.10 per cent, down at 10,661.55. Among the Sensex pack, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent. Elsewhere in Asia, Hong Kong's Hang Seng climbed 0.02 per cent, Korea Kospi fell 0.02 per cent, Japan's Nikkei declined 0.60 per cent and Shanghai Composite Index slipped 0.18 per cent. In the eurozone, Frankfurt's DAX fell 0.29 per cent, while Paris CAC 40 was down 0.36 per cent in late morning deals. While, London's FTSE gained 0.04 per cent. Meanwhile, the rupee was trading higher by 9 paise to 71.08 against the US dollar. Brent crude, the global oil benchmark, was trading lower at USD 60.48 per barrel, down by 1.88 per cent.

Sensex cracks over 368 points; banking, auto stocks drag

Benchmark equity indices started on a cautious note, staging a moderate recovery in early trade Wednesday, following tepid sentiment in other Asian markets.

A stronger rupee against the dollar and easing crude prices also influenced market sentiment.

The 30-share Sensex was trading 13.51 points, or 0.04 per cent, lower at 36,431.13, after rising to 36,521.47 at the outset. The gauge had lost 134.32 points in the previous session.

The NSE Nifty was trading flat at 10,922.65 after moving between 10,942.55 and 10,914.60.

Sectorwise, the BSE metal, oil &amp; gas, FMCG, PSU, healthcare and banking indices rose up to 1.05 per cent.

Major gainers were Yes Bank, Tata Steel, HUL, Vedanta, SBI, Maruti Suzuki, Bajaj Finance, ITC, Bharti Airtel, RIL, ICICI Bank, ONGC, NTPC, PowerGrid, Axis Bank and Asian Paint, rising up to 2.03 per cent.

However, Infosys, Kotak Bank, TCS, HDFC, Hero MotoCorp, IndusInd Bank and Coal India fell up to 0.84 per cent.

Brokers said recovery in other Asian markets after initial weakness, following overnight losses on Wall Street, influenced sentiments.

"As we inch closer to the interim budget, one can expect the volatility in the market to increase," said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas.

Meanwhile, foreign portfolio investors (FPIs) continued their selling activity on domestic bourses here. They sold shares worth a net Rs 78.53 crore, while domestic institutional investors (DIIs) sold shares worth Rs 84.15 crore Tuesday, provisional data showed.

Globally, Hong Kong's Hang Seng was up 0.14 per cent and Shanghai Composite Index rose 0.07 per cent in late morning deals. Japan's Nikkei also gained 0.04 per cent.

The US Dow Jones Industrial Average ended 1.22 per cent lower Tuesday.&nbsp;

Benchmark equity indices started on a cautious note, staging a moderate recovery in early trade Wednesday, following tepid sentiment in other Asian markets. A stronger rupee against the dollar and easing crude prices also influenced market sentiment.

Benchmark equity indices started on a cautious note, staging a moderate recovery in early trade Wednesday, following tepid sentiment in other Asian markets. A stronger rupee against the dollar and easing crude prices also influenced market sentiment. The 30-share Sensex was trading 13.51 points, or 0.04 per cent, lower at 36,431.13, after rising to 36,521.47 at the outset. The gauge had lost 134.32 points in the previous session. The NSE Nifty was trading flat at 10,922.65 after moving between 10,942.55 and 10,914.60. Sectorwise, the BSE metal, oil & gas, FMCG, PSU, healthcare and banking indices rose up to 1.05 per cent. Major gainers were Yes Bank, Tata Steel, HUL, Vedanta, SBI, Maruti Suzuki, Bajaj Finance, ITC, Bharti Airtel, RIL, ICICI Bank, ONGC, NTPC, PowerGrid, Axis Bank and Asian Paint, rising up to 2.03 per cent. However, Infosys, Kotak Bank, TCS, HDFC, Hero MotoCorp, IndusInd Bank and Coal India fell up to 0.84 per cent. Brokers said recovery in other Asian markets after initial weakness, following overnight losses on Wall Street, influenced sentiments. "As we inch closer to the interim budget, one can expect the volatility in the market to increase," said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas. Meanwhile, foreign portfolio investors (FPIs) continued their selling activity on domestic bourses here. They sold shares worth a net Rs 78.53 crore, while domestic institutional investors (DIIs) sold shares worth Rs 84.15 crore Tuesday, provisional data showed. Globally, Hong Kong's Hang Seng was up 0.14 per cent and Shanghai Composite Index rose 0.07 per cent in late morning deals. Japan's Nikkei also gained 0.04 per cent. The US Dow Jones Industrial Average ended 1.22 per cent lower Tuesday.

Sensex, Nifty start on a cautious note on mixed global cues

Extending gains for the third session, the BSE benchmark Sensex Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues.

After rising 147 points, the 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade.

Similarly, the NSE Nifty rose 24.50 points, or 0.22 per cent, to 10,914.80.

On Wednesday, the Sensex settled 2.96 points, or 0.01 per cent, higher at 36,321.29, and the Nifty inched up 3.50 points, or 0.03 per cent, to 10,890.30.

In morning session on Thursday, the biggest gainers in the Sensex pack were M&amp;M, TCS, HDFC, PowerGrid, RIL, Maruti, Tata Motors and NTPC, rising up to 1.65 per cent.

While, Yes Bank, IndusInd Bank, ITC, HUL, Bharti Airtel and Infosys were the top losers, shedding up to 1.10 per cent.

According to Viral Berawala, CIO, Essel Mutual Fund, there would be stock-specific movement in next few days based on results, as global market participants would wait for the interim budget before allocating fresh flows to India.

Index heavyweights RIL and HUL are scheduled to release their quarterly earnings later in the day.

Despite some volatility, the market demonstrated strength this week as recognition of upcoming stimulus "fiscal and monetary"&nbsp;likely lies ahead, said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

"The bond markets have taken the news in stride, buoyed by the below expectations inflation data," he added.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore Wednesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed.

The rupee, meanwhile, was trading marginally higher against the US dollar at 71.22.

The benchmark Brent crude futures fell 0.47 per cent to USD 61.03 per barrel.

Elsewhere in Asia, Hong Kong's Hang Seng was up 0.36 per cent, Shanghai Composite Index was trading 0.46 per cent higher and Kospi rose 0.20 per cent in early trade; while Japan's Nikkei shed 0.08 per cent.

On Wall Street, Dow Jones Industrial Average ended 0.59 per cent higher at 24,207.16 points on Wednesday. 
&nbsp;

Extending gains for the third session, the BSE benchmark Sensex Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues.

Extending gains for the third session, the BSE benchmark Sensex Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues. After rising 147 points, the 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade. Similarly, the NSE Nifty rose 24.50 points, or 0.22 per cent, to 10,914.80. On Wednesday, the Sensex settled 2.96 points, or 0.01 per cent, higher at 36,321.29, and the Nifty inched up 3.50 points, or 0.03 per cent, to 10,890.30. In morning session on Thursday, the biggest gainers in the Sensex pack were M&M, TCS, HDFC, PowerGrid, RIL, Maruti, Tata Motors and NTPC, rising up to 1.65 per cent. While, Yes Bank, IndusInd Bank, ITC, HUL, Bharti Airtel and Infosys were the top losers, shedding up to 1.10 per cent. According to Viral Berawala, CIO, Essel Mutual Fund, there would be stock-specific movement in next few days based on results, as global market participants would wait for the interim budget before allocating fresh flows to India. Index heavyweights RIL and HUL are scheduled to release their quarterly earnings later in the day. Despite some volatility, the market demonstrated strength this week as recognition of upcoming stimulus "fiscal and monetary" likely lies ahead, said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management. "The bond markets have taken the news in stride, buoyed by the below expectations inflation data," he added. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore Wednesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed. The rupee, meanwhile, was trading marginally higher against the US dollar at 71.22. The benchmark Brent crude futures fell 0.47 per cent to USD 61.03 per barrel. Elsewhere in Asia, Hong Kong's Hang Seng was up 0.36 per cent, Shanghai Composite Index was trading 0.46 per cent higher and Kospi rose 0.20 per cent in early trade; while Japan's Nikkei shed 0.08 per cent. On Wall Street, Dow Jones Industrial Average ended 0.59 per cent higher at 24,207.16 points on Wednesday.

Sensex rises over 100 points on sustained DII buying

Benchmark indices closed higher for the third straight session Thursday on stock-specific action amid mixed cues from the global markets.

After gyrating nearly 300 points, the BSE Sensex settled 52.79 points, or 0.15 per cent, higher at 36,374.08. The broader NSE Nifty inched up 14.90 points, or 0.14 per cent, to 10,905.20.

In the Sensex pack, Axis Bank, HCL Tech, M&amp;M, TCS, HDFC, Kotak Bank, PowerGrid, Hero MotoCorp and Vedanta were among the top gainers, rising up to 1.91 per cent.

Sun Pharma was the biggest loser, cracking 5.78 per cent.

Other laggards were Yes Bank, SBI, Bajaj Finance, Tata Steel, Bharti Airtel and ONGC, declining up to 3.31 per cent.

RIL and HUL declined up to 1.12 per cent ahead of their quarterly results.

Indices swung between positive and negative territory as uncertainty prevailed ahead of the interim budget and key corporate results, said Paras Bothra, President, Equity Research, Ashika Group.

IT stocks supported the market on account of weaker rupee, while real estate stocks also witnessed positive momentum as there are signs that worst may be over for the sector, Bothra added.

According to Vinod Nair, Head of Research, Geojit Financial Services, global trade tensions and risk of recession will cast cloud over the sentiment while lack of major triggers in the domestic market could steer a range-bound movement in the near term.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed.

The rupee, meanwhile, was trading 6 paise higher against the US dollar at 71.18.

The benchmark Brent crude futures slipped 0.95 per cent to USD 60.74 per barrel.

Elsewhere in Asia, Shanghai Composite Index lost 0.42 per cent, Hong Kong's Hang Seng fell 0.54 per cent and Japan's Nikkei shed 0.20 per cent, while Korea's Kospi ended 0.04 per cent higher.

In Europe, London's FTSE fell 0.56 per cent, Frankfurt's DAX was down 0.54 per cent and Paris CAC 40 dropped 0.32 per cent in early deals.&nbsp;

Benchmark indices closed higher for the third straight session Thursday on stock-specific action amid mixed cues from the global markets. After gyrating nearly 300 points, the BSE Sensex settled 52.

Benchmark indices closed higher for the third straight session Thursday on stock-specific action amid mixed cues from the global markets. After gyrating nearly 300 points, the BSE Sensex settled 52.79 points, or 0.15 per cent, higher at 36,374.08. The broader NSE Nifty inched up 14.90 points, or 0.14 per cent, to 10,905.20. In the Sensex pack, Axis Bank, HCL Tech, M&M, TCS, HDFC, Kotak Bank, PowerGrid, Hero MotoCorp and Vedanta were among the top gainers, rising up to 1.91 per cent. Sun Pharma was the biggest loser, cracking 5.78 per cent. Other laggards were Yes Bank, SBI, Bajaj Finance, Tata Steel, Bharti Airtel and ONGC, declining up to 3.31 per cent. RIL and HUL declined up to 1.12 per cent ahead of their quarterly results. Indices swung between positive and negative territory as uncertainty prevailed ahead of the interim budget and key corporate results, said Paras Bothra, President, Equity Research, Ashika Group. IT stocks supported the market on account of weaker rupee, while real estate stocks also witnessed positive momentum as there are signs that worst may be over for the sector, Bothra added. According to Vinod Nair, Head of Research, Geojit Financial Services, global trade tensions and risk of recession will cast cloud over the sentiment while lack of major triggers in the domestic market could steer a range-bound movement in the near term. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed. The rupee, meanwhile, was trading 6 paise higher against the US dollar at 71.18. The benchmark Brent crude futures slipped 0.95 per cent to USD 60.74 per barrel. Elsewhere in Asia, Shanghai Composite Index lost 0.42 per cent, Hong Kong's Hang Seng fell 0.54 per cent and Japan's Nikkei shed 0.20 per cent, while Korea's Kospi ended 0.04 per cent higher. In Europe, London's FTSE fell 0.56 per cent, Frankfurt's DAX was down 0.54 per cent and Paris CAC 40 dropped 0.32 per cent in early deals.

Sensex, Nifty close higher for third straight session

World stock markets stumbled and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world's second-biggest economy and sparked fresh fears of a sharper slowdown in global growth.

Latest data from China showed imports fell 7.6 per cent year-on-year in December when analysts had predicted a 5 per cent rise, while exports dropped 4.4 per cent, confounding expectations for a 3 per cent gain.

The data reinforced fears US tariffs on Chinese goods were starting to hit China's cooling economy, while softening demand has been felt around the world with sales of goods ranging from iPhones to automobiles slowing, prompting profit warnings from the likes of Apple and Jaguar Land Rover.

The index of Europe's leading 300 shares slipped 0.7 per cent in early trade to 1,365 points. Germany's DAX and France's CAC fell around 0.6 per cent, with shares in European luxury goods companies and the automotive sector suffering some of the biggest declines.

"We believe trade growth next year will slow significantly on huge uncertainty and high base," Citi analysts wrote in a note, predicting China's exports and imports to fall 5.1 per cent and 6.8 per cent respectively this year.

"Significant uncertainty remains as to whether there could be a 'deal' after March 1," they added.

The falls in Europe followed hefty declines in Asia where MSCI's broadest index of Asia-Pacific ex-Japan shares lost around 1 per cent from Friday's 1-1/2 month high - its biggest single-day percentage drop since January 2. Chinese and Hong Kong shares suffered the worst hits.

US futures showed no let-up on the horizon, with Nasdaq e-mini futures pointing to a near-1 per cent fall for US tech stocks while industrials looked to open 0.8 per cent softer.

Commodities suffer

The prospect of slowing global growth also roiled commodity markets, with oil prices slipping 1 per cent and industrial metals copper and aluminium losing ground in both London and Shanghai.

Meanwhile, safe havens trades benefited from the equity pullback with US 10-year Treasury yields falling to as low as 2.6690 per cent - their lowest level in a week - while gold prices gained.

The world's two largest economies have been in talks for months now to try and resolve their bitter trade war, with no signs so far of any substantial progress in negotiations.

Some analysts expect China's latest data to provide impetus to Beijing to resolve the trade dispute with Washington.

Though Citi analysts said even with the rising probability for both sides to reach an agreement, the tariff and trade disruption appears to have already rippled through the global economy.

"The regional trade growth appears to have slowed substantially after front-loading effect diminished," they said.

In the wake of the trade dispute, China's policymakers have already pledged to step up support this year, following a raft of measures in 2018 including fast-tracking infrastructure projects and cuts in banks' reserve requirements and taxes.

In currency markets, the yuan held broadly onto recent gains in both onshore and offshore trading. The Chinese currency had recorded its best week in more than a decade last week.

However, this could change, said Tim Graf, head of macro strategy EMEA at State Street.

"The weakness in the Chinese data is calling into question the recent strength of the renminbi," said Graf. "The downside for dollar/Chinese yuan is limited and that has implications for the euro and the Aussie dollar."

The dollar index as measured against a basket of currencies nudged 0.1 per cent lower to 95.598 per cent. However, the Australian dollar and New Zealand dollar - both gauges of global risk appetite - softened more than 0.4 per cent in early trading.

The euro was subdued as it hit key technical levels after data from Italy on Friday showed the euro zone's third-largest economy was at risk of recession. The single currency was last at $1.1474.

Britain's pound was marginally lower at $1.2826 at the start of what is expected to be a tumultuous week as Prime Minister Theresa May seeks to win a vote in parliament on Tuesday to get her Brexit deal approved. The numbers are not in May's favour and her chances of winning the vote look slim.

For the US trading day ahead, banks will be in sharp focus as they kick off the earnings season. Quarterly results from Citigroup are due on Monday followed by JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley later in the week.

Expectations are dour with profits for US companies forecast to rise 6.4 per cent, down from an October 1 estimate of 10.2 per cent and a big drop from 2018's tax cut-fuelled gain of more than 20 per cent.

Investor attention was also on the US government shutdown, now in its 24th day, and with no resolution in sight.

World stock markets stumbled and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world's second-biggest economy and sparked fresh fears of a sharper slowdown in global growth.

World stock markets stumbled and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world's second-biggest economy and sparked fresh fears of a sharper slowdown in global growth. Latest data from China showed imports fell 7.6 per cent year-on-year in December when analysts had predicted a 5 per cent rise, while exports dropped 4.4 per cent, confounding expectations for a 3 per cent gain. The data reinforced fears US tariffs on Chinese goods were starting to hit China's cooling economy, while softening demand has been felt around the world with sales of goods ranging from iPhones to automobiles slowing, prompting profit warnings from the likes of Apple and Jaguar Land Rover. The index of Europe's leading 300 shares slipped 0.7 per cent in early trade to 1,365 points. Germany's DAX and France's CAC fell around 0.6 per cent, with shares in European luxury goods companies and the automotive sector suffering some of the biggest declines. "We believe trade growth next year will slow significantly on huge uncertainty and high base," Citi analysts wrote in a note, predicting China's exports and imports to fall 5.1 per cent and 6.8 per cent respectively this year. "Significant uncertainty remains as to whether there could be a 'deal' after March 1," they added. The falls in Europe followed hefty declines in Asia where MSCI's broadest index of Asia-Pacific ex-Japan shares lost around 1 per cent from Friday's 1-1/2 month high - its biggest single-day percentage drop since January 2. Chinese and Hong Kong shares suffered the worst hits. US futures showed no let-up on the horizon, with Nasdaq e-mini futures pointing to a near-1 per cent fall for US tech stocks while industrials looked to open 0.8 per cent softer. Commodities suffer The prospect of slowing global growth also roiled commodity markets, with oil prices slipping 1 per cent and industrial metals copper and aluminium losing ground in both London and Shanghai. Meanwhile, safe havens trades benefited from the equity pullback with US 10-year Treasury yields falling to as low as 2.6690 per cent - their lowest level in a week - while gold prices gained. The world's two largest economies have been in talks for months now to try and resolve their bitter trade war, with no signs so far of any substantial progress in negotiations. Some analysts expect China's latest data to provide impetus to Beijing to resolve the trade dispute with Washington. Though Citi analysts said even with the rising probability for both sides to reach an agreement, the tariff and trade disruption appears to have already rippled through the global economy. "The regional trade growth appears to have slowed substantially after front-loading effect diminished," they said. In the wake of the trade dispute, China's policymakers have already pledged to step up support this year, following a raft of measures in 2018 including fast-tracking infrastructure projects and cuts in banks' reserve requirements and taxes. In currency markets, the yuan held broadly onto recent gains in both onshore and offshore trading. The Chinese currency had recorded its best week in more than a decade last week. However, this could change, said Tim Graf, head of macro strategy EMEA at State Street. "The weakness in the Chinese data is calling into question the recent strength of the renminbi," said Graf. "The downside for dollar/Chinese yuan is limited and that has implications for the euro and the Aussie dollar." The dollar index as measured against a basket of currencies nudged 0.1 per cent lower to 95.598 per cent. However, the Australian dollar and New Zealand dollar - both gauges of global risk appetite - softened more than 0.4 per cent in early trading. The euro was subdued as it hit key technical levels after data from Italy on Friday showed the euro zone's third-largest economy was at risk of recession. The single currency was last at $1.1474. Britain's pound was marginally lower at $1.2826 at the start of what is expected to be a tumultuous week as Prime Minister Theresa May seeks to win a vote in parliament on Tuesday to get her Brexit deal approved. The numbers are not in May's favour and her chances of winning the vote look slim. For the US trading day ahead, banks will be in sharp focus as they kick off the earnings season. Quarterly results from Citigroup are due on Monday followed by JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley later in the week. Expectations are dour with profits for US companies forecast to rise 6.4 per cent, down from an October 1 estimate of 10.2 per cent and a big drop from 2018's tax cut-fuelled gain of more than 20 per cent. Investor attention was also on the US government shutdown, now in its 24th day, and with no resolution in sight.

Global Markets: China trade shock rattles European stocks, commodities

Surrendering early gains, benchmark Sensex Friday dropped 96 points to end at 36,009.84 as investors booked profits even as global equities rose.

The 30-share index opened on a strong note at 36,191.87, but failed to hold on its gains and settled 96.66 points, or 0.27 per cent, lower at 36,009.84. Intra-day, the gauge swung between 36,214.26 and 35,840.60.&nbsp;

The NSE Nifty too slipped by 26.65 points to close at 10,794.95.&nbsp;

The major losers on the Sensex included IndusInd Bank, Tata Motors, TCS, Yes Bank and L&amp;T.

Among the gainers were ITC, ONGC, Vedanta Ltd, Infosys, Axis Bank and HDFC.

On the macro front, the rupee was trading lower by 21 paise to 70.55 against the US dollar.

Brent crude futures were trading 1.10 per cent higher at USD 62.36 per barrel.&nbsp;

Surrendering early gains, benchmark Sensex Friday dropped 96 points to end at 36,009.84 as investors booked profits even as global equities rose. The 30-share index opened on a strong note at 36,191.

Surrendering early gains, benchmark Sensex Friday dropped 96 points to end at 36,009.84 as investors booked profits even as global equities rose. The 30-share index opened on a strong note at 36,191.87, but failed to hold on its gains and settled 96.66 points, or 0.27 per cent, lower at 36,009.84. Intra-day, the gauge swung between 36,214.26 and 35,840.60. The NSE Nifty too slipped by 26.65 points to close at 10,794.95. The major losers on the Sensex included IndusInd Bank, Tata Motors, TCS, Yes Bank and L&T. Among the gainers were ITC, ONGC, Vedanta Ltd, Infosys, Axis Bank and HDFC. On the macro front, the rupee was trading lower by 21 paise to 70.55 against the US dollar. Brent crude futures were trading 1.10 per cent higher at USD 62.36 per barrel.

Sensex falls 96 points, Nifty ends below 10,800

The benchmark BSE Sensex opened lower Tuesday as investors booked profits in recent gainers amid mixed Asian cues and a rebound in crude oil.

After two sessions of gains, investors cashed profits in banking, auto and power shares that dragged down key indices.

The 30-share barometer dropped 58.53 points, or 0.16 per cent, to 35,791.63 in opening trade. The gauge had rallied 336.45 points in the previous two sessions.

The NSE Nifty index too fell 19.35 points, or 0.18 per cent, to 10,752.90.

Meanwhile, Brent crude, the international oil benchmark, was trading 0.47 per cent higher at $57.88 per barrel.

Brokers said investors were also cautious and preferred to log gains ahead of Q3 earnings of bluechip companies such as TCS and Infosys later this week.&nbsp;&nbsp; &nbsp;

Besides, a weak trend at most of other Asian markets weighed on sentiments here, they added.

Central Statistics Office's positive advanced estimates of national income for 2018-19, however, capped the losses on bourses, traders said.

The domestic economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the CSO had said Monday.

The laggards include PowerGrid, Axis bank, NTPC, Bajaj Auto, M&amp;M, HDFC Bank, Kotak Bank, Hero MotoCorp, HDFC, Reliance Industries, HCL Tech and Maruti Suzuki, falling up to 1.01 per cent.

While, the gainers include Tata Motors, Yes Bank, Sun Pharma and Bharti Airtel, rising up to 2.54 per cent.

Meanwhile, domestic institutional investors (DIIs) sold shares to the tune of Rs 141.97 crore, while foreign portfolio investors (FPIs) bought shares worth a net Rs 736.18 crore on Monday, provisional data showed.

Globally, in the Asian region, Shanghai Composite Index fell 0.20 per cent, Korea's KOSPI shed 0.18 per cent, Taiwan Index down 0.16 per cent. However, Japan's Nikkei was up 0.80 per cent and Hong Kong's Hang Seng gained 0.29 per cent in their early deals.

The US Dow Jones Industrial Average ended 0.42 per cent higher Monday on optimism over fresh talks on trade with China.

The benchmark BSE Sensex opened lower Tuesday as investors booked profits in recent gainers amid mixed Asian cues and a rebound in crude oil. After two sessions of gains, investors cashed profits in banking, auto and power shares that dragged down key indices.

The benchmark BSE Sensex opened lower Tuesday as investors booked profits in recent gainers amid mixed Asian cues and a rebound in crude oil. After two sessions of gains, investors cashed profits in banking, auto and power shares that dragged down key indices. The 30-share barometer dropped 58.53 points, or 0.16 per cent, to 35,791.63 in opening trade. The gauge had rallied 336.45 points in the previous two sessions. The NSE Nifty index too fell 19.35 points, or 0.18 per cent, to 10,752.90. Meanwhile, Brent crude, the international oil benchmark, was trading 0.47 per cent higher at $57.88 per barrel. Brokers said investors were also cautious and preferred to log gains ahead of Q3 earnings of bluechip companies such as TCS and Infosys later this week. Besides, a weak trend at most of other Asian markets weighed on sentiments here, they added. Central Statistics Office's positive advanced estimates of national income for 2018-19, however, capped the losses on bourses, traders said. The domestic economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the CSO had said Monday. The laggards include PowerGrid, Axis bank, NTPC, Bajaj Auto, M&M, HDFC Bank, Kotak Bank, Hero MotoCorp, HDFC, Reliance Industries, HCL Tech and Maruti Suzuki, falling up to 1.01 per cent. While, the gainers include Tata Motors, Yes Bank, Sun Pharma and Bharti Airtel, rising up to 2.54 per cent. Meanwhile, domestic institutional investors (DIIs) sold shares to the tune of Rs 141.97 crore, while foreign portfolio investors (FPIs) bought shares worth a net Rs 736.18 crore on Monday, provisional data showed. Globally, in the Asian region, Shanghai Composite Index fell 0.20 per cent, Korea's KOSPI shed 0.18 per cent, Taiwan Index down 0.16 per cent. However, Japan's Nikkei was up 0.80 per cent and Hong Kong's Hang Seng gained 0.29 per cent in their early deals. The US Dow Jones Industrial Average ended 0.42 per cent higher Monday on optimism over fresh talks on trade with China.

Sensex opens on choppy note; Nifty falls below 10,800

Domestic stock markets on Monday opened in green with BSE Sensex gaining over 300 points to touch 36,033.20. Nifty, on the other hand, rose marginally by more than 90 points to 10,822.45.&nbsp;

Meanwhile, the national currency appreciated by 33 paise to 69.39 against the US dollar in opening trade Monday, driven by strong gains in domestic equities and weakening of the greenback in overseas markets.

The rupee opened strong at 69.38 at the interbank forex market against the previous close of 69.72 per dollar amid sustained foreign fund inflows and positive opening in domestic equities, news agency PTI reported.

<a href="http://www.wionews.com/business-economy/sensex-jumps-181-points-psu-banks-rally-188269">On Friday, the rupee had ended higher</a> by 48 paise at 69.72 against the US dollar.&nbsp;

The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee.

(With inputs from PTI)&nbsp; 
&nbsp;

Domestic stock markets on Monday opened in green with BSE Sensex gaining over 300 points to touch 36,033.20. Nifty, on the other hand, rose marginally by more than 90 points to 10,822.

Domestic stock markets on Monday opened in green with BSE Sensex gaining over 300 points to touch 36,033.20. Nifty, on the other hand, rose marginally by more than 90 points to 10,822.45. Meanwhile, the national currency appreciated by 33 paise to 69.39 against the US dollar in opening trade Monday, driven by strong gains in domestic equities and weakening of the greenback in overseas markets. The rupee opened strong at 69.38 at the interbank forex market against the previous close of 69.72 per dollar amid sustained foreign fund inflows and positive opening in domestic equities, news agency PTI reported. On Friday, the rupee had ended higher by 48 paise at 69.72 against the US dollar. The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee. (With inputs from PTI)

Markets open in green, Sensex surges over 300 points 

The BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 mark, driven by a recovery in auto, metal and banking stocks amid buying by domestic institutional investors.

The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, higher at 35,617.61.

Similarly, the NSE Nifty rose 37.15 points, or 0.35 per cent, to 10,709.40.

On Thursday, the Sensex had tumbled 377.81 points, or 1.05 per cent, to end at 35,513.71; and the broader NSE Nifty plunged 120.25 points, or 1.11 per cent, to 10,672.25.

The biggest gainers in the Sensex pack include HDFC duo, ITC, Axis Bank, Infosys, Tata Motors, HUL, SBI and Bharti Airtel, rising up to 3 per cent.

Among the losers were ICICI Bank, HCL Tech, TCS, RIL and Sun Pharma, slipping up to 1 per cent.

According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, the domestic market has remained resilient in the face of worrisome news over the past three months.

"With low and falling inflation expectations, should growth disappoint, we would expect the RBI to deliver a rate cut in Q4 FY19.

"An accommodative central bank, low inflation, strong credit growth and low crude remain four key macro pillars backstopping the Indian markets," he said

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 972.81 crore Thursday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 34.52 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was up 1.22 per cent, Kospi gained 0.55 per cent and Shanghai Composite Index was trading 1.81 per cent higher in early trade.&nbsp;

Japan's Nikkei, however, cracked 3.03 per cent after it resumed trading after New Year holiday.

On Wall Street, Dow Jones Industrial Average plunged 660.02 points, or 2.83 per cent, to 22,686.22 points.

The rupee, meanwhile, strengthened against the US dollar and opened at 69.95.

The benchmark Brent crude futures were trading marginally lower at USD 55.93 per barrel.&nbsp;

The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, higher at 35,617.61.

The BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 mark, driven by a recovery in auto, metal and banking stocks amid buying by domestic institutional investors. The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, higher at 35,617.61. Similarly, the NSE Nifty rose 37.15 points, or 0.35 per cent, to 10,709.40. On Thursday, the Sensex had tumbled 377.81 points, or 1.05 per cent, to end at 35,513.71; and the broader NSE Nifty plunged 120.25 points, or 1.11 per cent, to 10,672.25. The biggest gainers in the Sensex pack include HDFC duo, ITC, Axis Bank, Infosys, Tata Motors, HUL, SBI and Bharti Airtel, rising up to 3 per cent. Among the losers were ICICI Bank, HCL Tech, TCS, RIL and Sun Pharma, slipping up to 1 per cent. According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, the domestic market has remained resilient in the face of worrisome news over the past three months. "With low and falling inflation expectations, should growth disappoint, we would expect the RBI to deliver a rate cut in Q4 FY19. "An accommodative central bank, low inflation, strong credit growth and low crude remain four key macro pillars backstopping the Indian markets," he said On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 972.81 crore Thursday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 34.52 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng was up 1.22 per cent, Kospi gained 0.55 per cent and Shanghai Composite Index was trading 1.81 per cent higher in early trade. Japan's Nikkei, however, cracked 3.03 per cent after it resumed trading after New Year holiday. On Wall Street, Dow Jones Industrial Average plunged 660.02 points, or 2.83 per cent, to 22,686.22 points. The rupee, meanwhile, strengthened against the US dollar and opened at 69.95. The benchmark Brent crude futures were trading marginally lower at USD 55.93 per barrel.

Sensex rebounds nearly 200 points; Nifty reclaims 10,700 mark

Domestic equities declined for the second day as the BSE benchmark Sensex Thursday fell over 100 points on weak global cues and heavy selling by foreign and domestic institutional investors.

The 30-share index was trading 103.90 points, or 0.29 per cent, lower at 35,787.62 in morning trade.

Similarly, the NSE Nifty declined by 28.85 points, or 0.27 per cent, to 10,763.65.

On Wednesday, the BSE Sensex finished lower by 363.05 points, or 1 per cent, at 35,891.52; and the NSE Nifty plunged 117.60 points, or 1.08 per cent, to settle at 10,792.50.

The biggest losers in the Sensex pack include Tata Steel, ONGC, Coal India, Axis Bank, IndusInd Bank, PowerGrid, HDFC duo, Bharti Airtel and Sun Pharma, falling up to 2 per cent.

Among gainers were Hero MotoCorp, HUL, Infosys, Bajaj Finance and Tata Motors, rising up to 1 per cent.

Market turned volatile ahead of corporate earnings scheduled to begin next week, traders said, adding that heavy selling by foreign as well as domestic investors also weighed on local equities.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 621.06 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 226.18 crore, provisional data available with BSE showed.

Globally, investor sentiment also turned choppy after the White House meeting between US President Donald Trump and top Congressional leaders on resolving the ongoing partial government shutdown ended in a stalemate Wednesday.

The Republicans and Democrats stuck to their respective positions over the presidential demand for a US-Mexico border wall.

Trump is seeking $5.2 billion in funding for the wall which according to him is a must to prevent flow of illegal immigrants into the US.

On Wall Street, Dow Jones Industrial Average reversed all early gains after Apple cut its holiday-quarter revenue forecast, and ended a tad higher at 23,346.24 points.

Elsewhere in Asia, Hong Kong's Hang Seng was down 0.36 per cent, Kospi fell 0.25 per cent and Shanghai Composite Index was trading flat in early trade.

Japanese market remained closed on Wednesday.&nbsp;&nbsp; &nbsp;&nbsp;

The rupee weakened further and opened lower at 70.30 against the US dollar.

Meanwhile, the benchmark Brent crude futures were trading lower by 1.09 per cent at $54.31 per barrel.

The 30-share index was trading 103.90 points, or 0.29 per cent, lower at 35,787.62 in morning trade.

Domestic equities declined for the second day as the BSE benchmark Sensex Thursday fell over 100 points on weak global cues and heavy selling by foreign and domestic institutional investors. The 30-share index was trading 103.90 points, or 0.29 per cent, lower at 35,787.62 in morning trade. Similarly, the NSE Nifty declined by 28.85 points, or 0.27 per cent, to 10,763.65. On Wednesday, the BSE Sensex finished lower by 363.05 points, or 1 per cent, at 35,891.52; and the NSE Nifty plunged 117.60 points, or 1.08 per cent, to settle at 10,792.50. The biggest losers in the Sensex pack include Tata Steel, ONGC, Coal India, Axis Bank, IndusInd Bank, PowerGrid, HDFC duo, Bharti Airtel and Sun Pharma, falling up to 2 per cent. Among gainers were Hero MotoCorp, HUL, Infosys, Bajaj Finance and Tata Motors, rising up to 1 per cent. Market turned volatile ahead of corporate earnings scheduled to begin next week, traders said, adding that heavy selling by foreign as well as domestic investors also weighed on local equities. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 621.06 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 226.18 crore, provisional data available with BSE showed. Globally, investor sentiment also turned choppy after the White House meeting between US President Donald Trump and top Congressional leaders on resolving the ongoing partial government shutdown ended in a stalemate Wednesday. The Republicans and Democrats stuck to their respective positions over the presidential demand for a US-Mexico border wall. Trump is seeking $5.2 billion in funding for the wall which according to him is a must to prevent flow of illegal immigrants into the US. On Wall Street, Dow Jones Industrial Average reversed all early gains after Apple cut its holiday-quarter revenue forecast, and ended a tad higher at 23,346.24 points. Elsewhere in Asia, Hong Kong's Hang Seng was down 0.36 per cent, Kospi fell 0.25 per cent and Shanghai Composite Index was trading flat in early trade. Japanese market remained closed on Wednesday. The rupee weakened further and opened lower at 70.30 against the US dollar. Meanwhile, the benchmark Brent crude futures were trading lower by 1.09 per cent at $54.31 per barrel.

Sensex, Nifty open weak on negative global cues

The BSE benchmark Sensex Wednesday dropped over 200 points and NSE Nifty fell below the 10,900 mark on selloff in metal and auto stocks amid weak cues from other Asian markets and foreign fund outflow.

The 30-share index was trading 198.83 points, or 0.55 per cent, lower at 36,055.74 in morning trade.

Similarly, the NSE Nifty declined by 61.35 points, or 0.56 per cent, to 10,848.75.

On Tuesday, the BSE Sensex closed at 36,254.57, rising 186.24 points or 0.52 per cent; and the NSE Nifty ended at 10,910.10, gaining 47.55 points or 0.44 per cent.

India VIX, the volatility index for equities, was up nearly 4 per cent.

The biggest losers in the Sensex pack include M&amp;M, HDFC twins, Kotak Bank, Reliance Industries, Axis Bank, Tata Steel, Vedanta and ONGC, falling up to 2 per cent.

Among gainers were TCS, Infosys, SBI and Yes Bank, rising up to 1 per cent.

Weakness in Asian stocks and selling by foreign institutional investors hit market sentiment Wednesday, traders said.

According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, low trading volumes are expected during the week, as worldwide financial markets were closed on New Year day.

Back home, investor is being swayed December Auto sales data released Tuesday, macro data like Nikkei Manufacturing PMI and services PMI due this week and Q3FY19 earnings starting next week, he said.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 48.19 crore Tuesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 142.58 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was down 2.40 per cent, Kospi fell 1.02 per cent and Shanghai Composite Index dropped 1.01 per cent in early trade.

Japanese market and Wall Street were closed on Tuesday.

The rupee opened marginally lower at 69.52 against the US dollar.

Meanwhile, the benchmark Brent crude futures were trading lower by 1.35 per cent at $ 53.39 per barrel.

The 30-share index was trading 198.83 points, or 0.55 per cent, lower at 36,055.74 in morning trade.

The BSE benchmark Sensex Wednesday dropped over 200 points and NSE Nifty fell below the 10,900 mark on selloff in metal and auto stocks amid weak cues from other Asian markets and foreign fund outflow. The 30-share index was trading 198.83 points, or 0.55 per cent, lower at 36,055.74 in morning trade. Similarly, the NSE Nifty declined by 61.35 points, or 0.56 per cent, to 10,848.75. On Tuesday, the BSE Sensex closed at 36,254.57, rising 186.24 points or 0.52 per cent; and the NSE Nifty ended at 10,910.10, gaining 47.55 points or 0.44 per cent. India VIX, the volatility index for equities, was up nearly 4 per cent. The biggest losers in the Sensex pack include M&M, HDFC twins, Kotak Bank, Reliance Industries, Axis Bank, Tata Steel, Vedanta and ONGC, falling up to 2 per cent. Among gainers were TCS, Infosys, SBI and Yes Bank, rising up to 1 per cent. Weakness in Asian stocks and selling by foreign institutional investors hit market sentiment Wednesday, traders said. According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, low trading volumes are expected during the week, as worldwide financial markets were closed on New Year day. Back home, investor is being swayed December Auto sales data released Tuesday, macro data like Nikkei Manufacturing PMI and services PMI due this week and Q3FY19 earnings starting next week, he said. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 48.19 crore Tuesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 142.58 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng was down 2.40 per cent, Kospi fell 1.02 per cent and Shanghai Composite Index dropped 1.01 per cent in early trade. Japanese market and Wall Street were closed on Tuesday. The rupee opened marginally lower at 69.52 against the US dollar. Meanwhile, the benchmark Brent crude futures were trading lower by 1.35 per cent at $ 53.39 per barrel.

Sensex drops over 200 points; Nifty slips below 10,900

Rising for the second straight day, the BSE benchmark Sensex jumped 157 points Thursday amid expiry of December series derivatives contracts and positive global cues.

After rallying close to 400 points earlier in the session, the 30-share index pared some gains but finished 157.34 points, or 0.44 per cent, higher at 35,807.28.

The broader NSE Nifty rose 49.95 points, or 0.47 per cent, to 10,779.80.

The biggest gainers in the Sensex pack were Reliance Industries, Infosys, NTPC, ONGC, HUL, PowerGrid, Asian Paints, ITC and HCL Tech, rising up to 2.10 per cent.

On the other hand, Hero MotoCorp, Bharti Airtel, Tata Motors, Tata Steel and Maruti Suzuki fell up to 1.71 per cent.

Global sentiment improved as tensions between the White House and US Fed eased. Strong consumer spending data in the US also added to the momentum, said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas.

With two more trading days to go until the end of the year, liquidity and sentiment are set to drive market in short-term, he added.

Banking stocks fell amid reports that the government was likely to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds by the end of this month.

The rupee, meanwhile, weakened against the US dollar, and was trading at 70.28 a dollar, down 0.27 per cent from its previous close.

Brent crude futures dropped 3.78 per cent to $53.20 per barrel.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 80.28 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 137.63 crore, provisional data available with BSE showed.

Elsewhere in Asia, Japan's Nikkei surged 3.88 per cent and Korea's Kospi ended 0.02 per cent higher, while Hong Kong's Hang Seng fell 0.67 per cent and Shanghai Composite Index slipped 0.61 per cent.

In Europe, Paris CAC rose 0.15 per cent, while Frankfurt's DAX fell 1.41 per cent. London's FTSE fell 0.63 per cent.&nbsp; 
&nbsp;

After rallying close to 400 points earlier in the session, the 30-share index pared some gains but finished 157.34 points, or 0.44 per cent, higher at 35,807.28.

Rising for the second straight day, the BSE benchmark Sensex jumped 157 points Thursday amid expiry of December series derivatives contracts and positive global cues. After rallying close to 400 points earlier in the session, the 30-share index pared some gains but finished 157.34 points, or 0.44 per cent, higher at 35,807.28. The broader NSE Nifty rose 49.95 points, or 0.47 per cent, to 10,779.80. The biggest gainers in the Sensex pack were Reliance Industries, Infosys, NTPC, ONGC, HUL, PowerGrid, Asian Paints, ITC and HCL Tech, rising up to 2.10 per cent. On the other hand, Hero MotoCorp, Bharti Airtel, Tata Motors, Tata Steel and Maruti Suzuki fell up to 1.71 per cent. Global sentiment improved as tensions between the White House and US Fed eased. Strong consumer spending data in the US also added to the momentum, said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas. With two more trading days to go until the end of the year, liquidity and sentiment are set to drive market in short-term, he added. Banking stocks fell amid reports that the government was likely to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds by the end of this month. The rupee, meanwhile, weakened against the US dollar, and was trading at 70.28 a dollar, down 0.27 per cent from its previous close. Brent crude futures dropped 3.78 per cent to $53.20 per barrel. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 80.28 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 137.63 crore, provisional data available with BSE showed. Elsewhere in Asia, Japan's Nikkei surged 3.88 per cent and Korea's Kospi ended 0.02 per cent higher, while Hong Kong's Hang Seng fell 0.67 per cent and Shanghai Composite Index slipped 0.61 per cent. In Europe, Paris CAC rose 0.15 per cent, while Frankfurt's DAX fell 1.41 per cent. London's FTSE fell 0.63 per cent.

Sensex gains 157 points on F&O expiry, positive global cues

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

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

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

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

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

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

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

Nifty, Sensex post seventh session of gains; financials lead

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

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

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

Sensex, Nifty turn cautious on mixed global cues

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

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

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

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

The rupee appreciated by 46 paise to 70.44 against the US dollar in early trade Friday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities.

Forex traders said, increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency.

At the interbank forex market, the rupee opened higher at 70.58 and rose further to quote at 70.44, showing a rise of 46 paise over its previous close.

On Thursday, the rupee fell by 44 paise against the dollar to close at 70.90.

The local unit also gathered momentum following easing crude oil prices.&nbsp;

Globally, Brent crude, the international benchmark, was trading 0.53 per cent down at USD 59.74 per barrel.

Meanwhile, on net basis, foreign funds bought shares worth Rs 72.47 crore, while DIIs sold share to the tune of Rs 389.78 crore Thursday, provisional data showed.

The 30-share index rose 157.23 points, or 0.45 per cent, to trade at 35,469.36. In similar movement, the NSE Nifty was trading 50.45 points, or 0.37 per cent, higher at 10,640.70. 
&nbsp;

The rupee appreciated by 46 paise to 70.44 against the US dollar in early trade Friday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities.

The rupee appreciated by 46 paise to 70.44 against the US dollar in early trade Friday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Forex traders said, increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency. At the interbank forex market, the rupee opened higher at 70.58 and rose further to quote at 70.44, showing a rise of 46 paise over its previous close. On Thursday, the rupee fell by 44 paise against the dollar to close at 70.90. The local unit also gathered momentum following easing crude oil prices. Globally, Brent crude, the international benchmark, was trading 0.53 per cent down at USD 59.74 per barrel. Meanwhile, on net basis, foreign funds bought shares worth Rs 72.47 crore, while DIIs sold share to the tune of Rs 389.78 crore Thursday, provisional data showed. The 30-share index rose 157.23 points, or 0.45 per cent, to trade at 35,469.36. In similar movement, the NSE Nifty was trading 50.45 points, or 0.37 per cent, higher at 10,640.70.

Rupee rises 46 paise to 70.44 against US dollar in early trade

The BSE Sensex pared initial gains Friday to end modestly higher at 36,194.30 points on profit-booking by investors amid mixed global cues.

Trading sentiment was mixed ahead of the two-day G20 summit in Argentina and expectation of oil production cut in the upcoming OPEC meet, analysts said.

The 30-share Sensex settled 23.89 points, or 0.07 per cent, higher at 36,194.30, while the broader NSE Nifty jumped 18.05 points, or 0.17 per cent, to 10,876.75.

During the week, the Sensex gained 1,213.28 points, or 2.34 per cent, while the Nifty rose 350 points, or 3.32 per cent.

Yes Bank, Wipro, Kotak Bank, M&amp;M, Sun Pharma, Maruti, HDFC, Hero MotoCorp, Infosys, TCS, L&amp;T, Bajaj Auto and HUL were among the top gainers, rising up to 6 per cent.

On the other hand, Tata Motors, ICICI Bank, IndusInd Bank, Vedanta, NTPC, Bharti Airtel, Coal India, Adani Ports, Tata Steel, Axis Bank, PowerGrid and SBI were among the top losers, falling up to 3 per cent.

Sector-wise, realty, pharma and IT indices rose up to 2 per cent, while banking and metal stocks fell up to 0.55 per cent.

Investors also turned cautious ahead of the gross domestic product (GDP) data scheduled to be released later in the day, traders said.

"The Indian equity market has hit a two-month high, 10-year bond yields are approaching 7.60 per cent levels, and the currency is under Rs 70 per US dollar," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

"While our domestic macro environment has improved measurably, markets have also reflected the positive sentiment by rallying 8 per cent from the lows set on October 26. Elections loom as a key uncertainty heading into next month," he added.

Meanwhile, the rupee rose for the fourth straight day, up 13 paise at 69.78 against the US dollar intra-day amid weakness in the greenback against some currencies overseas.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 823.47 crore Thursday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 973.31 crore, provisional data available with BSE showed.

Elsewhere in Asia, Japan's Nikkei gained 0.40 per cent, Hong Kong's Hang Seng rose 0.21 per cent, Shanghai Composite Index jumped 0.81 per cent, while Korea's Kospi fell 0.82 per cent.

In Europe, Frankfurt's DAX was down 0.67 per cent, Paris' CAC fell 40 0.49 per cent and London's FTSE shed 0.65 per cent.

The BSE Sensex pared initial gains Friday to end modestly higher at 36,194.30 points on profit-booking by investors amid mixed global cues. Trading sentiment was mixed ahead of the two-day G20 summit in Argentina and expectation of oil production cut in the upcoming OPEC meet, analysts said.

The BSE Sensex pared initial gains Friday to end modestly higher at 36,194.30 points on profit-booking by investors amid mixed global cues. Trading sentiment was mixed ahead of the two-day G20 summit in Argentina and expectation of oil production cut in the upcoming OPEC meet, analysts said. The 30-share Sensex settled 23.89 points, or 0.07 per cent, higher at 36,194.30, while the broader NSE Nifty jumped 18.05 points, or 0.17 per cent, to 10,876.75. During the week, the Sensex gained 1,213.28 points, or 2.34 per cent, while the Nifty rose 350 points, or 3.32 per cent. Yes Bank, Wipro, Kotak Bank, M&M, Sun Pharma, Maruti, HDFC, Hero MotoCorp, Infosys, TCS, L&T, Bajaj Auto and HUL were among the top gainers, rising up to 6 per cent. On the other hand, Tata Motors, ICICI Bank, IndusInd Bank, Vedanta, NTPC, Bharti Airtel, Coal India, Adani Ports, Tata Steel, Axis Bank, PowerGrid and SBI were among the top losers, falling up to 3 per cent. Sector-wise, realty, pharma and IT indices rose up to 2 per cent, while banking and metal stocks fell up to 0.55 per cent. Investors also turned cautious ahead of the gross domestic product (GDP) data scheduled to be released later in the day, traders said. "The Indian equity market has hit a two-month high, 10-year bond yields are approaching 7.60 per cent levels, and the currency is under Rs 70 per US dollar," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management. "While our domestic macro environment has improved measurably, markets have also reflected the positive sentiment by rallying 8 per cent from the lows set on October 26. Elections loom as a key uncertainty heading into next month," he added. Meanwhile, the rupee rose for the fourth straight day, up 13 paise at 69.78 against the US dollar intra-day amid weakness in the greenback against some currencies overseas. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 823.47 crore Thursday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 973.31 crore, provisional data available with BSE showed. Elsewhere in Asia, Japan's Nikkei gained 0.40 per cent, Hong Kong's Hang Seng rose 0.21 per cent, Shanghai Composite Index jumped 0.81 per cent, while Korea's Kospi fell 0.82 per cent. In Europe, Frankfurt's DAX was down 0.67 per cent, Paris' CAC fell 40 0.49 per cent and London's FTSE shed 0.65 per cent.

Sensex ends in green; rupee gains 13 paise

Asian shares seesawed in cautious trading on Thursday with China extending losses as investors fretted about slowing global growth in the face of rising US&nbsp;interest rates and trade tensions.

US&nbsp;stock futures also briefly pulled down after a bounce in Wall Street overnight, underscoring fragile investor sentiment following a rout in October and steep sell-offs in recent sessions.

MSCI's broadest index of Asia-Pacific shares outside Japan momentarily turned lower after earlier rising about 0.2 per cent. It was last up 0.1 per cent. The index has so far managed to hold up in November after three straight monthly declines, but is on track for its worst annual performance since 2011.

Japan's Nikkei was also off morning highs to be up 0.4 per cent. Chinese shares were in the red after opening higher, with the blue-chip index falling 0.8 per cent. Hong Kong's Hang Seng index slipped 0.1 per cent.

"This was a half-hearted rally to start with," said Shane Oliver, Sydney-based head of investment strategy at AMP.

"Investors are still wary about whether they'll see further lows given none of the issues that drove the recent correction have dissipated."

The bitter Sino-US&nbsp;trade war remains the biggest concern for markets, with signs of weakening corporate profits, steep sell-off in tech stocks and rising US&nbsp;interest rates encouraging investors to take money off the table before year-end.

"And that's all tying in to worries about the global economy," Oliver added.

Singapore warned earlier on Thursday that trade frictions will likely hurt economic growth in the city state, widely seen as a bellwether for international trade and investment.

E-Minis for the S&amp;P 500 were mostly flat during Asian trading while FTSE futures were down 0.1 per cent.

Overnight in Wall Street, the benchmark S&amp;P 500 stock index ended higher but near session lows while the Dow gave up its gains to end flat ahead of the US&nbsp;Thanksgiving holiday in a sign of lingering bearishness.&nbsp;

Investors are looking to a meeting between US&nbsp;President Donald Trump and his Chinese counterpart Xi Jinping late this month for any signs of a de-escalation in the trade war between the economic superpowers.

Trump and Xi plan to meet on the sidelines of a G20 summit, which is being held in Argentina at the end of November and early December.

The United States and China have slapped import duties on each others' goods in a tit-for-tat tariff war that investors worry could put the brakes on global trade and growth.

Markets will also pay close attention to manufacturing activity reports from Japan, Europe and the United States due over the coming week or so.

"PMIs have held up reasonably well so far but if they trend lower it could add to the nervousness," AMP's Oliver said.

The synchronised global expansion that began roughly two years ago has now plateaued, and fresh signs are emerging of a weakening outlook. Global trade volumes are still increasing although at a slower pace.

Moreover, leading economic indicators monitored by the OECD have weakened since the start of the year and point to slower expansion ahead for the United Kingdom and the euro area.

All-weather currency

The Federal Reserve has stayed on its tightening path after ending seven years of near-zero interest rates in December 2015 that took the Fed funds rate to the current 2.00 to 2.25 percent. Investors expect the Fed to go again in December.

In response to the tightening, the US&nbsp;dollar has outperformed most of its peers this year with its index against a basket of major currencies up almost 5 percent. In comparison the Japanese yen is flat so far in 2018.

Marios Hadjikyriacos, analyst at broking firm XM.Com, said the greenback is currently an "all weather currency."

"It can shine both in risk-off sessions given its status as the world's reserve asset, and on risk-on days as wide yield differentials brighten its carry appeal," he said.

The dollar index was last off slightly at 96.64 while the yen inched higher to 112.99 following two straight sessions of losses.

Elsewhere, the euro rose on hopes that the Italian budget dispute would be resolved even as the European Commission took its first step toward disciplining Italy over its deficit. It was last at $1.1396.

Oil reversed early gains although prices were still well above one-year lows touched earlier this week.

US&nbsp;crude futures were last down 16 cents at $54.47 a barrel after hitting a one-year low of $52.77 on Tuesday. Brent eased 18 cents to $63.30 from the last close and well off Tuesday's trough of $61.71.

Gold was firmer, with spot prices at $1,226.5 an ounce.

Asian shares seesawed in cautious trading on Thursday with China extending losses as investors fretted about slowing global growth in the face of rising US interest rates and trade tensions.

Asian shares seesawed in cautious trading on Thursday with China extending losses as investors fretted about slowing global growth in the face of rising US interest rates and trade tensions. US stock futures also briefly pulled down after a bounce in Wall Street overnight, underscoring fragile investor sentiment following a rout in October and steep sell-offs in recent sessions. MSCI's broadest index of Asia-Pacific shares outside Japan momentarily turned lower after earlier rising about 0.2 per cent. It was last up 0.1 per cent. The index has so far managed to hold up in November after three straight monthly declines, but is on track for its worst annual performance since 2011. Japan's Nikkei was also off morning highs to be up 0.4 per cent. Chinese shares were in the red after opening higher, with the blue-chip index falling 0.8 per cent. Hong Kong's Hang Seng index slipped 0.1 per cent. "This was a half-hearted rally to start with," said Shane Oliver, Sydney-based head of investment strategy at AMP. "Investors are still wary about whether they'll see further lows given none of the issues that drove the recent correction have dissipated." The bitter Sino-US trade war remains the biggest concern for markets, with signs of weakening corporate profits, steep sell-off in tech stocks and rising US interest rates encouraging investors to take money off the table before year-end. "And that's all tying in to worries about the global economy," Oliver added. Singapore warned earlier on Thursday that trade frictions will likely hurt economic growth in the city state, widely seen as a bellwether for international trade and investment. E-Minis for the S&P 500 were mostly flat during Asian trading while FTSE futures were down 0.1 per cent. Overnight in Wall Street, the benchmark S&P 500 stock index ended higher but near session lows while the Dow gave up its gains to end flat ahead of the US Thanksgiving holiday in a sign of lingering bearishness. Investors are looking to a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping late this month for any signs of a de-escalation in the trade war between the economic superpowers. Trump and Xi plan to meet on the sidelines of a G20 summit, which is being held in Argentina at the end of November and early December. The United States and China have slapped import duties on each others' goods in a tit-for-tat tariff war that investors worry could put the brakes on global trade and growth. Markets will also pay close attention to manufacturing activity reports from Japan, Europe and the United States due over the coming week or so. "PMIs have held up reasonably well so far but if they trend lower it could add to the nervousness," AMP's Oliver said. The synchronised global expansion that began roughly two years ago has now plateaued, and fresh signs are emerging of a weakening outlook. Global trade volumes are still increasing although at a slower pace. Moreover, leading economic indicators monitored by the OECD have weakened since the start of the year and point to slower expansion ahead for the United Kingdom and the euro area. All-weather currency The Federal Reserve has stayed on its tightening path after ending seven years of near-zero interest rates in December 2015 that took the Fed funds rate to the current 2.00 to 2.25 percent. Investors expect the Fed to go again in December. In response to the tightening, the US dollar has outperformed most of its peers this year with its index against a basket of major currencies up almost 5 percent. In comparison the Japanese yen is flat so far in 2018. Marios Hadjikyriacos, analyst at broking firm XM.Com, said the greenback is currently an "all weather currency." "It can shine both in risk-off sessions given its status as the world's reserve asset, and on risk-on days as wide yield differentials brighten its carry appeal," he said. The dollar index was last off slightly at 96.64 while the yen inched higher to 112.99 following two straight sessions of losses. Elsewhere, the euro rose on hopes that the Italian budget dispute would be resolved even as the European Commission took its first step toward disciplining Italy over its deficit. It was last at $1.1396. Oil reversed early gains although prices were still well above one-year lows touched earlier this week. US crude futures were last down 16 cents at $54.47 a barrel after hitting a one-year low of $52.77 on Tuesday. Brent eased 18 cents to $63.30 from the last close and well off Tuesday's trough of $61.71. Gold was firmer, with spot prices at $1,226.5 an ounce.

Global Markets: Asian shares fragile as growth worries sap confidence

Breaking its three-day rising streak, the BSE Sensex Tuesday fell over 300 points on heavy selling by market participants, in step with a global selloff despite strengthening rupee and easing crude prices.

Besides, profit-booking in recent gainers too fuelled the downward trend.

Sentiment took a hit on weakness in other Asian and European markets following overnight losses at the Wall Street as technology firms lost on worries over slackening demand, brokers said.

They said, the outcome of the Reserve Bank board's meet also failed to impress investors.

The 30-share Sensex, after starting off lower at 35,730.77, continued to slide as selling pressure picked up momentum and hit a low of 35,416.18, before settling 300.37 points, or 0.84 per cent, down at 35,474.51.

The index had risen 633 points in the last two sessions on the back of increased foreign fund inflows.

The 50-share NSE Nifty too dropped by 107.20 points, or 1 per cent, to 10,656.20. Intra-day, it traded between 10,640.85 and 10,740.85.

The rupee continued its rising spree for the sixth straight day, and strengthened by another 20 paise to trade at nearly three-month high of 71.47 against the dollar in late afternoon trade after the outcome from Monday's RBI board's meet removed uncertainty over a growing rift over policy decisions between the government and the central bank.

Breaking its three-day rising streak, the BSE Sensex Tuesday fell over 300 points on heavy selling by market participants, in step with a global selloff despite strengthening rupee and easing crude prices.

Breaking its three-day rising streak, the BSE Sensex Tuesday fell over 300 points on heavy selling by market participants, in step with a global selloff despite strengthening rupee and easing crude prices. Besides, profit-booking in recent gainers too fuelled the downward trend. Sentiment took a hit on weakness in other Asian and European markets following overnight losses at the Wall Street as technology firms lost on worries over slackening demand, brokers said. They said, the outcome of the Reserve Bank board's meet also failed to impress investors. The 30-share Sensex, after starting off lower at 35,730.77, continued to slide as selling pressure picked up momentum and hit a low of 35,416.18, before settling 300.37 points, or 0.84 per cent, down at 35,474.51. The index had risen 633 points in the last two sessions on the back of increased foreign fund inflows. The 50-share NSE Nifty too dropped by 107.20 points, or 1 per cent, to 10,656.20. Intra-day, it traded between 10,640.85 and 10,740.85. The rupee continued its rising spree for the sixth straight day, and strengthened by another 20 paise to trade at nearly three-month high of 71.47 against the dollar in late afternoon trade after the outcome from Monday's RBI board's meet removed uncertainty over a growing rift over policy decisions between the government and the central bank.

After three-day rally, Sensex falls 300 points

The BSE benchmark Sensex rallied over 300 points Monday to end at over a six-week high of 35,774.88 as investors widened their portfolios ahead of the RBI's board meet outcome amid foreign fund inflows.

Also, positive cues from other Asian markets and a firm opening in European shares buoyed investor sentiment here.

A crucial meet of the Reserve Bank's central board is underway amid a rift between the central bank and the government over future course of policies.

The finance ministry nominees and some independent directors were expected to take on Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground.

Expectations of a positive outcome boosted market mood after the meeting began.

The Sensex started off on a high note at 35,647.62 and continued its upward march to hit a high of 35,818.65 as buying activity gathered momentum. It finally settled 317.72 points, or 0.90 per cent, higher at 35,774.88.

This is the benchmark's highest closing since October 3 when it had closed at 35,975.63. The barometer had gained 315.17 points in the previous two sessions.

Also, the broader NSE Nifty raced past the 10,750-mark to touch a high of 10,774.70 before settling at 10,763.40 points, showing a rise of 81.20 points, or 0.76 per cent.

Top gainers include Yes Bank, ITC, Tata Motors, IndusInd Bank, Reliance Industries and Vedanta, rising up to 7.19 per cent.

While, top losers include ONGC, ICICI Bank, SBI and Asian Paints, falling up to 1.37 per cent.

Meanwhile, foreign institutional investors (FIIs) bought shares worth a net of Rs 844.82 crore on Friday, while domestic institutional investors (DIIs) sold shares worth a net of Rs 372.24 crore, provisional data showed.b

The BSE benchmark Sensex rallied over 300 points Monday to end at over a six-week high of 35,774.88 as investors widened their portfolios ahead of the RBI's board meet outcome amid foreign fund inflows.

The BSE benchmark Sensex rallied over 300 points Monday to end at over a six-week high of 35,774.88 as investors widened their portfolios ahead of the RBI's board meet outcome amid foreign fund inflows. Also, positive cues from other Asian markets and a firm opening in European shares buoyed investor sentiment here. A crucial meet of the Reserve Bank's central board is underway amid a rift between the central bank and the government over future course of policies. The finance ministry nominees and some independent directors were expected to take on Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground. Expectations of a positive outcome boosted market mood after the meeting began. The Sensex started off on a high note at 35,647.62 and continued its upward march to hit a high of 35,818.65 as buying activity gathered momentum. It finally settled 317.72 points, or 0.90 per cent, higher at 35,774.88. This is the benchmark's highest closing since October 3 when it had closed at 35,975.63. The barometer had gained 315.17 points in the previous two sessions. Also, the broader NSE Nifty raced past the 10,750-mark to touch a high of 10,774.70 before settling at 10,763.40 points, showing a rise of 81.20 points, or 0.76 per cent. Top gainers include Yes Bank, ITC, Tata Motors, IndusInd Bank, Reliance Industries and Vedanta, rising up to 7.19 per cent. While, top losers include ONGC, ICICI Bank, SBI and Asian Paints, falling up to 1.37 per cent. Meanwhile, foreign institutional investors (FIIs) bought shares worth a net of Rs 844.82 crore on Friday, while domestic institutional investors (DIIs) sold shares worth a net of Rs 372.24 crore, provisional data showed.b

Sensex rallies over 300 points ahead of RBI board meet outcome

Domestic equities opened on a firm note Friday as the benchmark BSE Sensex surged over 150 points on the back of continued foreign fund inflow and appreciating rupee.

Positive leads from the US markets on optimism that the US and China may resolve their trade dispute, and a mixed trend at other Asian bourses too influenced sentiments here.

The 30-share index spurted 159.17 points, or 0.45 per cent, to 35,419.71 points with sectoral indices, led by healthcare, auto, FMCG, capital goods and banking, rising up to 1.03 per cent.

The barometer had gained 118.55 points Thursday. 
 
The NSE Nifty was trading 41 points, or 0.39 per cent, higher at 10,657.70.

Prominent gainers include Sun Pharma, Axis Bank, Asian Paint, RIL, M&amp;M, Hero MotoCorp, TCS, HDFC Bank, Maruti Suzuki, PowerGrid, ICICI Bank, Tata Motors, Bajaj Auto, NTPC and Bharti Airtel, gaining up to 1.37 per cent.

On the other hand, continuing its fall, Yes Bank was the biggest loser, dropping up to 6 per cent.

ONGC, Infosys, Tata Steel, Vedanta and Adani Ports too fell up to 3 per cent.

Meanwhile, the rupee was trading higher by 10 paise at 71.87 against the American currency in early deals Friday.

There was continued buying by foreign funds for the second straight day Thursday.

Foreign institutional investors (FIIs) accumulated shares worth a net of Rs 2,043.06 crore, while domestic institutional investors (DIIs) sold shares worth Rs 165.31 crore Thursday, provisional data showed.&nbsp;&nbsp; &nbsp;&nbsp;

Elsewhere in Asia, Shanghai Composite Index rose 0.71 per cent, Korea's Kospi up 0.20 per cent, while Japan's Nikkei fell 0.52 per cent.

The Dow Jones Industrial Average in the US ended 0.83 per cent higher Thursday.

Domestic equities opened on a firm note Friday as the benchmark BSE Sensex surged over 150 points on the back of continued foreign fund inflow and appreciating rupee.

Domestic equities opened on a firm note Friday as the benchmark BSE Sensex surged over 150 points on the back of continued foreign fund inflow and appreciating rupee. Positive leads from the US markets on optimism that the US and China may resolve their trade dispute, and a mixed trend at other Asian bourses too influenced sentiments here. The 30-share index spurted 159.17 points, or 0.45 per cent, to 35,419.71 points with sectoral indices, led by healthcare, auto, FMCG, capital goods and banking, rising up to 1.03 per cent. The barometer had gained 118.55 points Thursday. The NSE Nifty was trading 41 points, or 0.39 per cent, higher at 10,657.70. Prominent gainers include Sun Pharma, Axis Bank, Asian Paint, RIL, M&M, Hero MotoCorp, TCS, HDFC Bank, Maruti Suzuki, PowerGrid, ICICI Bank, Tata Motors, Bajaj Auto, NTPC and Bharti Airtel, gaining up to 1.37 per cent. On the other hand, continuing its fall, Yes Bank was the biggest loser, dropping up to 6 per cent. ONGC, Infosys, Tata Steel, Vedanta and Adani Ports too fell up to 3 per cent. Meanwhile, the rupee was trading higher by 10 paise at 71.87 against the American currency in early deals Friday. There was continued buying by foreign funds for the second straight day Thursday. Foreign institutional investors (FIIs) accumulated shares worth a net of Rs 2,043.06 crore, while domestic institutional investors (DIIs) sold shares worth Rs 165.31 crore Thursday, provisional data showed. Elsewhere in Asia, Shanghai Composite Index rose 0.71 per cent, Korea's Kospi up 0.20 per cent, while Japan's Nikkei fell 0.52 per cent. The Dow Jones Industrial Average in the US ended 0.83 per cent higher Thursday.

Sensex jumps over 150 pts on funds inflow, global cues

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