The rupee pared some gains in late morning deals, up 8 paise at 64.89 against the greenback on dollar-selling by bank and exporters amid higher domestic equities.

The rupee opened higher at 64.85 per dollar as against last Friday's close of 64.97 at the inter-bank foreign exchange here.

The domestic unit hovered between a high of 64.85 and a low of 64.98 in morning deals, it was trading higher at 64.89 at 1030 hrs.

Struggling dollar overseas after dismal US jobs data kept the domestic unit higher, a dealer said.

Meanwhile, the US dollar steadied against its peers in early Asian trade, having retreated late last week due to concerns over US-China trade tensions and following data that showed the US economy created the fewest jobs in six months in March.

The 30-share BSE Sensex was trading higher by 161.46 points, or 0.48 per cent, at 33,788.43 at 1040 hrs.&nbsp

The rupee opened higher at 64.85 per dollar as against last Friday's close of 64.97 at the inter-bank foreign exchange here

The rupee pared some gains in late morning deals, up 8 paise at 64.89 against the greenback on dollar-selling by bank and exporters amid higher domestic equities. The rupee opened higher at 64.85 per dollar as against last Friday's close of 64.97 at the inter-bank foreign exchange here. The domestic unit hovered between a high of 64.85 and a low of 64.98 in morning deals, it was trading higher at 64.89 at 1030 hrs. Struggling dollar overseas after dismal US jobs data kept the domestic unit higher, a dealer said. Meanwhile, the US dollar steadied against its peers in early Asian trade, having retreated late last week due to concerns over US-China trade tensions and following data that showed the US economy created the fewest jobs in six months in March. The 30-share BSE Sensex was trading higher by 161.46 points, or 0.48 per cent, at 33,788.43 at 1040 hrs.

Rupee pares some gains, up 8 paise against US dollar

The NSE Nifty ended higher by 98 points at 10,211.80 on the first trading day of the new financial year led by buying in pharma, auto, IT, Infra, media, realty, metal and energy sectors.

Investors are looking forward to the Reserve Bank of India's first bi-monthly policy decision of FY2018-19 to be held later this week.

However, financial stocks were a laggard through the day, dented by weak sentiment. Nifty PSU Bank ended lower, but Nifty Bank, in the last hour trade, staged a recovery.

Overseas, European financial markets remained closed today in observance of Easter Monday.

Asian shares edged lower amid fears that US President Donald Trump's tariff programmes could set off a trade war.

The Nifty rose by 98.10 points or 0.97 per cent to end at 10,211.80, before moving in a range of 10,220.10 and 10,127.75. It saw an intra-day movement of about 92.35 points.

Sector-wise, pharma climbed by 3.14 per cent, Auto 2.19 per cent, IT 1.56 per cent, infra 1.55 per cent, FMCG 1.43 per cent, Media 1.41 per cent, realty 0.80 per cent, metal 0.77 per cent, energy 0.58 per cent, Finance

Service 0.53 per cent and Bank 0.27 percent. While PSU bank fell by 0.84 per cent.

Major index gainers were Cipla, Lupin, Kotak Bank, Adani Ports, Tata Motors, Baj Finance, Grasim, UPL and Wipro.

The losers included ICICI Bank, IOC, Axis Bank, Coal India, Hindalco, SBIN, BhartiAirtel, BPCL and GAIL.

The market breadth, indicating the overall health of the market was in favour of gainers. On the NSE, 1,493 stocks advanced, 312 declined and 55 remained unchanged. Total securities that have hit their price bands were 339.

Turnover in the cash segment fell to Rs 26,681.61 crore from Rs 43,434.65 crore as on last Wednesday.

A total of 12,461.28 lakh shares changed hands in 1,04,45,493 trades. The market capitalisation of listed firms on NSE stood at Rs 1,42,58,035 crore.&nbsp;

Investors are looking forward to the Reserve Bank of India's first bi-monthly policy decision of FY2018-19 to be held later this week

The NSE Nifty ended higher by 98 points at 10,211.80 on the first trading day of the new financial year led by buying in pharma, auto, IT, Infra, media, realty, metal and energy sectors. Investors are looking forward to the Reserve Bank of India's first bi-monthly policy decision of FY2018-19 to be held later this week. However, financial stocks were a laggard through the day, dented by weak sentiment. Nifty PSU Bank ended lower, but Nifty Bank, in the last hour trade, staged a recovery. Overseas, European financial markets remained closed today in observance of Easter Monday. Asian shares edged lower amid fears that US President Donald Trump's tariff programmes could set off a trade war. The Nifty rose by 98.10 points or 0.97 per cent to end at 10,211.80, before moving in a range of 10,220.10 and 10,127.75. It saw an intra-day movement of about 92.35 points. Sector-wise, pharma climbed by 3.14 per cent, Auto 2.19 per cent, IT 1.56 per cent, infra 1.55 per cent, FMCG 1.43 per cent, Media 1.41 per cent, realty 0.80 per cent, metal 0.77 per cent, energy 0.58 per cent, Finance Service 0.53 per cent and Bank 0.27 percent. While PSU bank fell by 0.84 per cent. Major index gainers were Cipla, Lupin, Kotak Bank, Adani Ports, Tata Motors, Baj Finance, Grasim, UPL and Wipro. The losers included ICICI Bank, IOC, Axis Bank, Coal India, Hindalco, SBIN, BhartiAirtel, BPCL and GAIL. The market breadth, indicating the overall health of the market was in favour of gainers. On the NSE, 1,493 stocks advanced, 312 declined and 55 remained unchanged. Total securities that have hit their price bands were 339. Turnover in the cash segment fell to Rs 26,681.61 crore from Rs 43,434.65 crore as on last Wednesday. A total of 12,461.28 lakh shares changed hands in 1,04,45,493 trades. The market capitalisation of listed firms on NSE stood at Rs 1,42,58,035 crore.

Nifty gains 98 points to end above 10,200 mark

Tesla Inc shares fell more than 9 per cent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production.

The sell-off came after Tesla tumbled 8.2 per cent on Tuesday, the lowest close in almost a year. Tesla was trading on Wednesday at $258.44, down $20.74 a share, off a low of $252.10.

Late on Tuesday, Moody’s Investors Service downgraded Tesla’s credit rating to B3 from B2. Moody’s said the ratings “reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle.” It also “faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds.”

Tesla has $230 million in convertible bonds maturing in November 2018 and $920 million in March 2019.

Moody’s said its negative outlook for Tesla “reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall.”

Moody’s said Tesla is targeting weekly production of 2,500 Model 3 vehicles by the end of March, and 5,000 per week by the end of June, down from the company's year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018.

Tesla declined to comment on the downgrade. The company plans to provide an update on Model 3 production next week.

In last week’s accident, it was unclear if Tesla’s automated control system was driving the car. The accident involved two other cars, the NTSB and police said.

Tesla vehicles have a system called Autopilot that handles some driving tasks. The 38-year-old driver of the Tesla died at a nearby hospital shortly after the crash.

Late Tuesday, Tesla said in a blog post it does "not yet know what happened in the moments leading up to the crash," but added that data shows Tesla owners have driven the same stretch of highway with Autopilot engaged "roughly 85,000 times... and there has never been an accident that we know of." The company statement did not say if the crashed vehicle had been in Autopilot mode.

Tesla Inc shares fell more than 9 per cent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production

Tesla Inc shares fell more than 9 per cent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production. The sell-off came after Tesla tumbled 8.2 per cent on Tuesday, the lowest close in almost a year. Tesla was trading on Wednesday at $258.44, down $20.74 a share, off a low of $252.10. Late on Tuesday, Moody’s Investors Service downgraded Tesla’s credit rating to B3 from B2. Moody’s said the ratings “reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle.” It also “faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds.” Tesla has $230 million in convertible bonds maturing in November 2018 and $920 million in March 2019. Moody’s said its negative outlook for Tesla “reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall.” Moody’s said Tesla is targeting weekly production of 2,500 Model 3 vehicles by the end of March, and 5,000 per week by the end of June, down from the company's year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018. Tesla declined to comment on the downgrade. The company plans to provide an update on Model 3 production next week. In last week’s accident, it was unclear if Tesla’s automated control system was driving the car. The accident involved two other cars, the NTSB and police said. Tesla vehicles have a system called Autopilot that handles some driving tasks. The 38-year-old driver of the Tesla died at a nearby hospital shortly after the crash. Late Tuesday, Tesla said in a blog post it does "not yet know what happened in the moments leading up to the crash," but added that data shows Tesla owners have driven the same stretch of highway with Autopilot engaged "roughly 85,000 times... and there has never been an accident that we know of." The company statement did not say if the crashed vehicle had been in Autopilot mode.

Tesla shares fall sharply for second straight day

The BSE Sensex plunged by about 410 points to close at a five-month low while the broader Nifty crashed below the 10,000 mark for the first time this year following a global sell-off due to fears of a trade war as the US President Donald Trump announced tariffs on Chinese goods.

The 30-share Sensex tumbled by 409.73 points or 1.24 per cent to close at five month low of 32,596.54, a level last seen on October 23 last year, when it had closed at 32,506.72.

The 50-issue Nifty ended below the psychological 10,000-level by dropping 116.70 points or 1.15 per cent to 9,998.05, the lowest closing level in five months. The level was last seen on October 11 last year, when it had closed at 9,984.80.

Realty, metal, bankex, capital goods, healthcare, PSU, auto and oil &amp; gas stocks recorded widespread losses.

Metal stocks led by SAIL, Jindal Steel, Vedanta, Hindalco Ind. Jindal Steel, National Aluminium, Hindustan Zinc, Tata Steel, NMDC and JSW Steel fell up to 6.58 per cent due to intense selling pressure.

For the fourth straight week, the flagship Sensex recorded a fall of 579.46 points, or 1.75 per cent, while the NSE Nifty lost 197.10 points, or 1.93 per cent.

Investor sentiment turned extremely bearish, in line with sharp losses on the Wall Street, Asian and European markets, on growing fears of a global trade war after Donald Trump imposed tariffs on Chinese imports and Beijing drawing up a list of retaliatory measures, brokers said.&nbsp;

The 30-share Sensex tumbled by 409.73 points or 1.24 per cent to close at five month low of 32,596.54, a level last seen on October 23 last year, when it had closed at 32,506.72

The BSE Sensex plunged by about 410 points to close at a five-month low while the broader Nifty crashed below the 10,000 mark for the first time this year following a global sell-off due to fears of a trade war as the US President Donald Trump announced tariffs on Chinese goods. The 30-share Sensex tumbled by 409.73 points or 1.24 per cent to close at five month low of 32,596.54, a level last seen on October 23 last year, when it had closed at 32,506.72. The 50-issue Nifty ended below the psychological 10,000-level by dropping 116.70 points or 1.15 per cent to 9,998.05, the lowest closing level in five months. The level was last seen on October 11 last year, when it had closed at 9,984.80. Realty, metal, bankex, capital goods, healthcare, PSU, auto and oil & gas stocks recorded widespread losses. Metal stocks led by SAIL, Jindal Steel, Vedanta, Hindalco Ind. Jindal Steel, National Aluminium, Hindustan Zinc, Tata Steel, NMDC and JSW Steel fell up to 6.58 per cent due to intense selling pressure. For the fourth straight week, the flagship Sensex recorded a fall of 579.46 points, or 1.75 per cent, while the NSE Nifty lost 197.10 points, or 1.93 per cent. Investor sentiment turned extremely bearish, in line with sharp losses on the Wall Street, Asian and European markets, on growing fears of a global trade war after Donald Trump imposed tariffs on Chinese imports and Beijing drawing up a list of retaliatory measures, brokers said.

Stocks tumble to 5-month low as trade war fears escalates, log 4th weekly loss

The threat of a global trade war sent stock markets sliding and investors rushing for the safety of currencies like the yen and government bonds on Friday, after US&nbsp;President Donald Trump announced tariffs on up to $60 billion of Chinese goods.

World stocks, down 3.4 per cent since Monday, are on course for their worst week since early February, when a spike in volatility sent markets into a tailspin.

European stocks fell at the open, with Germany&#39;s Dax down 1.6 per cent, the French CAC 40 1.5 per cent lower and Britain&#39;s FTSE 100 0.8 per cent in the red.

That followed large falls in the US, with the S&amp;P 500 shedding 2.5 per cent, and overnight in Asia, where the Japanese Nikkei 225 was the biggest loser slumping 4.5 per cent.

Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although the measures have a 30-day consultation period.

China urged the United States to &quot;pull back from the brink&quot;, but investors fear Trump&#39;s tariffs are leading the world&#39;s two largest economies into a trade war with potentially dire consequences for the global economy.

China disclosed its own plans on Friday to impose tariffs on up to $3 billion of US&nbsp;imports in retaliation against the US&nbsp;tariffs on Chinese steel and aluminium products.

&quot;The equity markets are getting clobbered, which is not that surprising with fears of a trade war breaking out,&quot; said Paul Fage, a TD Securities emerging markets strategist.

With investors seeking out safer assets, many jumped into government bond markets in Europe and the United States.

US&nbsp;10-year Treasury yields, which fell almost 8 basis points on Thursday, were set for their biggest two-week fall since September. In Europe, benchmark issuer Germany&#39;s 10-year bond yield hovered close to 10-week lows struck a day earlier at around 0.52 per cent and was on track for its biggest two-week drop since August, down 13 basis points.

Many investors also turned to the yen, a currency likely to benefit from a full-fledged trade war. The Japanese currency gained 0.4 per cent against the dollar to 104.87 yen, the first time it has been below 105 since November 2016.

The Swiss franc, another currency bought in times of market uncertainty, rose 0.3 per cent versus the dollar, although it remained flat against the euro.

The dollar fell 0.2 per cent against a basket of currencies.

&quot;The FX market itself isn&#39;t sure, and its reaction to risk-off and lower bond yields across the board is to buy the yen and the Swiss franc,&quot; Kit Juckes, an FX strategist at Societe Generale, wrote in a daily note.

In commodity markets, oil prices recouped overnight losses after Saudi Arabia said that OPEC and Russian-led production curbs introduced in 2017 will need to be extended into 2019.

US&nbsp;crude futures were up 0.8 per cent at $64.79 per barrel after losing 1.3 per cent on Thursday and Brent gained 0.45 per&nbsp; cent to $69.22.

Safe-haven spot gold rose 1 per cent to $1,341 an ounce, highest since February 20.

Copper and iron prices both fell, as investors bet demand for the metals would suffer in a trade war.

Daniel Lockyer, senior fund manager at Hawksmoor Investment Management, said financial markets had got ahead of themselves and were failing to price in the risk a number of factors could trigger a sell-off.

&quot;It&#39;s not that we thought trade wars would cause the market to fall, it&#39;s that there was too much optimism priced into stock markets,&quot; he said.

The threat of a global trade war sent stock markets sliding and investors rushing for the safety of currencies like the yen and government bonds on Friday, after US President Donald Trump announced tariffs on up to $60 billion of Chinese goods

The threat of a global trade war sent stock markets sliding and investors rushing for the safety of currencies like the yen and government bonds on Friday, after US President Donald Trump announced tariffs on up to $60 billion of Chinese goods. World stocks, down 3.4 per cent since Monday, are on course for their worst week since early February, when a spike in volatility sent markets into a tailspin. European stocks fell at the open, with Germany's Dax down 1.6 per cent, the French CAC 40 1.5 per cent lower and Britain's FTSE 100 0.8 per cent in the red. That followed large falls in the US, with the S&P 500 shedding 2.5 per cent, and overnight in Asia, where the Japanese Nikkei 225 was the biggest loser slumping 4.5 per cent. Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although the measures have a 30-day consultation period. China urged the United States to "pull back from the brink", but investors fear Trump's tariffs are leading the world's two largest economies into a trade war with potentially dire consequences for the global economy. China disclosed its own plans on Friday to impose tariffs on up to $3 billion of US imports in retaliation against the US tariffs on Chinese steel and aluminium products. "The equity markets are getting clobbered, which is not that surprising with fears of a trade war breaking out," said Paul Fage, a TD Securities emerging markets strategist. With investors seeking out safer assets, many jumped into government bond markets in Europe and the United States. US 10-year Treasury yields, which fell almost 8 basis points on Thursday, were set for their biggest two-week fall since September. In Europe, benchmark issuer Germany's 10-year bond yield hovered close to 10-week lows struck a day earlier at around 0.52 per cent and was on track for its biggest two-week drop since August, down 13 basis points. Many investors also turned to the yen, a currency likely to benefit from a full-fledged trade war. The Japanese currency gained 0.4 per cent against the dollar to 104.87 yen, the first time it has been below 105 since November 2016. The Swiss franc, another currency bought in times of market uncertainty, rose 0.3 per cent versus the dollar, although it remained flat against the euro. The dollar fell 0.2 per cent against a basket of currencies. "The FX market itself isn't sure, and its reaction to risk-off and lower bond yields across the board is to buy the yen and the Swiss franc," Kit Juckes, an FX strategist at Societe Generale, wrote in a daily note. In commodity markets, oil prices recouped overnight losses after Saudi Arabia said that OPEC and Russian-led production curbs introduced in 2017 will need to be extended into 2019. US crude futures were up 0.8 per cent at $64.79 per barrel after losing 1.3 per cent on Thursday and Brent gained 0.45 per cent to $69.22. Safe-haven spot gold rose 1 per cent to $1,341 an ounce, highest since February 20. Copper and iron prices both fell, as investors bet demand for the metals would suffer in a trade war. Daniel Lockyer, senior fund manager at Hawksmoor Investment Management, said financial markets had got ahead of themselves and were failing to price in the risk a number of factors could trigger a sell-off. "It's not that we thought trade wars would cause the market to fall, it's that there was too much optimism priced into stock markets," he said.

Global stocks slide, yen jumps, as trade war fears grip markets

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stock markets rallied in Asia on Tuesday as shock over Donald Trump`s controversial trade tariffs move gave way to hope that any measures will not be as bad as initially thought.

The tycoon sparked fears of a global trade war last week when he unveiled plans to slap levies on imports of steel and aluminum.

The news sent markets into a tailspin from Sydney to New York, with investors already on edge at the prospect of rising interest rates and the end of crisis-era central bank stimulus measures.

However, after another down day in Asia Monday, investors in New York rushed back as they bet that Trump would not push through with extreme protectionist policies.

&quot;Given the overwhelmingly negative response from industry leaders, international financial markets and even the furious backlash from loyal members of Trump`s administration, there is growing optimism that perhaps significant exemptions will be forthcoming,&quot; said Stephen Innes, head of Asia-Pacific trade at OANDA.

&quot;Investors remain guardedly optimistic.&quot;

However, he warned that &quot;expecting for cooler heads to prevail might be far too optimistic given that President Trump promoted reforms of US trade policies as a cornerstone of his election campaign, and it`s challenging to envision him backing down.&quot;

Trump campaigned on a protectionist &quot;America First&quot; platform, promising to pull out of global trade deals which he said were hurting US workers. All three main indexes on Wall Street rose between one and 1.4 per cent Monday and those gains filtered through to Asia on Tuesday.

Tokyo ended 1.8 per cent higher, with Kobe Steel up slightly ahead of a news conference in which its CEO Hiroya Kawasaki resigned following publication of a report by the firm that found staff, including executives, changed or falsified inspection data before shipping products.

Hong Kong jumped 1.9 per cent in the afternoon, while Sydney, Seoul, Singapore, and Taipei were all more than one per cent higher. Shanghai reversed early losses to close one per cent higher.

Attention will now turn to the release Friday of US jobs and wage growth data, which will give a fresh idea of the state of the world`s top economy.

Worries about rising wages fuelling inflation and pushing up interest rates sharply have spooked investors since the start of February.

Tuesday`s more upbeat tone helped the dollar against the yen, which had rallied on its safe-haven status. But the US unit slipped against the pound and euro.

The greenback also declined against high-yielding currencies, with the Australian dollar, Korean won and South African rand among the main winners.

Crude prices extended Monday`s gains on reports of easing US stockpiles and news of a halt at an oilfield in Libya.&nbsp;

Prices were also boosted by bullish comments from top energy producers meeting this week at an annual energy gathering in Houston, analysts said.

&quot;Oil prices were `talked up` from the sidelines of the CERAWeek Energy conference by OPEC,&quot; said Sukrit Vijayakar of Trifecta Consultants.

Officials at the conference are widely expected to address a global supply glut, with surging US shale production threatening to derail efforts by OPEC and Russia to stabilize prices by capping output.

 
Tokyo - Nikkei 225: UP 1.8 per cent at 21,417.76 (close)

 
Hong Kong - Hang Seng: UP 1.9 per cent at 30,451.71

 
Shanghai - Composite: UP 1.0 per cent at 3,289.64 (close)

 
Euro/dollar: UP at $1.2352 from $1.2335 at 2200 GMT

 
Pound/dollar: UP at $1.3850 from $1.3844

 
Dollar/yen: UP at 106.23 yen from 106.18 yen

 
Oil - West Texas Intermediate: UP 15 cents at $62.72 per barrel

 
Oil - Brent North Sea: UP 12 cents at $65.66

 
New York - Dow: UP 1.4 per cent at 24,874.76 (close)

 
London - FTSE 100: UP 0.7 per cent at 7,115.98 (close)

Stock markets rallied in Asia on Tuesday as shock over Donald Trump`s controversial trade tariffs move gave way to hope that any measures will not be as bad as initially thought

Stock markets rallied in Asia on Tuesday as shock over Donald Trump`s controversial trade tariffs move gave way to hope that any measures will not be as bad as initially thought. The tycoon sparked fears of a global trade war last week when he unveiled plans to slap levies on imports of steel and aluminum. The news sent markets into a tailspin from Sydney to New York, with investors already on edge at the prospect of rising interest rates and the end of crisis-era central bank stimulus measures. However, after another down day in Asia Monday, investors in New York rushed back as they bet that Trump would not push through with extreme protectionist policies. "Given the overwhelmingly negative response from industry leaders, international financial markets and even the furious backlash from loyal members of Trump`s administration, there is growing optimism that perhaps significant exemptions will be forthcoming," said Stephen Innes, head of Asia-Pacific trade at OANDA. "Investors remain guardedly optimistic." However, he warned that "expecting for cooler heads to prevail might be far too optimistic given that President Trump promoted reforms of US trade policies as a cornerstone of his election campaign, and it`s challenging to envision him backing down." Trump campaigned on a protectionist "America First" platform, promising to pull out of global trade deals which he said were hurting US workers. All three main indexes on Wall Street rose between one and 1.4 per cent Monday and those gains filtered through to Asia on Tuesday. Tokyo ended 1.8 per cent higher, with Kobe Steel up slightly ahead of a news conference in which its CEO Hiroya Kawasaki resigned following publication of a report by the firm that found staff, including executives, changed or falsified inspection data before shipping products. Hong Kong jumped 1.9 per cent in the afternoon, while Sydney, Seoul, Singapore, and Taipei were all more than one per cent higher. Shanghai reversed early losses to close one per cent higher. Attention will now turn to the release Friday of US jobs and wage growth data, which will give a fresh idea of the state of the world`s top economy. Worries about rising wages fuelling inflation and pushing up interest rates sharply have spooked investors since the start of February. Tuesday`s more upbeat tone helped the dollar against the yen, which had rallied on its safe-haven status. But the US unit slipped against the pound and euro. The greenback also declined against high-yielding currencies, with the Australian dollar, Korean won and South African rand among the main winners. Crude prices extended Monday`s gains on reports of easing US stockpiles and news of a halt at an oilfield in Libya. Prices were also boosted by bullish comments from top energy producers meeting this week at an annual energy gathering in Houston, analysts said. "Oil prices were `talked up` from the sidelines of the CERAWeek Energy conference by OPEC," said Sukrit Vijayakar of Trifecta Consultants. Officials at the conference are widely expected to address a global supply glut, with surging US shale production threatening to derail efforts by OPEC and Russia to stabilize prices by capping output. Tokyo - Nikkei 225: UP 1.8 per cent at 21,417.76 (close) Hong Kong - Hang Seng: UP 1.9 per cent at 30,451.71 Shanghai - Composite: UP 1.0 per cent at 3,289.64 (close) Euro/dollar: UP at $1.2352 from $1.2335 at 2200 GMT Pound/dollar: UP at $1.3850 from $1.3844 Dollar/yen: UP at 106.23 yen from 106.18 yen Oil - West Texas Intermediate: UP 15 cents at $62.72 per barrel Oil - Brent North Sea: UP 12 cents at $65.66 New York - Dow: UP 1.4 per cent at 24,874.76 (close) London - FTSE 100: UP 0.7 per cent at 7,115.98 (close)

Asian markets rally on hopes Trump will temper tariffs threat

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

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

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

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

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

The downslide was caused by heavy losses in metal, auto, oil and Gas, banking and PSU stocks after US President Donald Trump fuelled concerns of a global trade war

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

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

Falling for the third straight session, the rupee weakened by 23 paise to 65.10 against the US dollar to hit its three-month low in opening trade at the forex market today.

The dollar firmed up against select global currencies as US Federal Reserve Chairman Jerome Powell&#39;s upbeat views on the economy bolstered bets on further Fed interest rate hikes this year.

Forex dealers said sustained month-end demand for the American currency from importers, foreign fund outflows and the dollar&#39;s gains against other global currencies weighed on the rupee.

Investors were also cautious ahead of GDP and IIP numbers to be released later in the day.

Yesterday, the local currency had lost by 8 paise to end at 64.87 against the American unit on sustained dollar demand from importers and banks amid heavy capital outflows.

Meanwhile, the benchmark BSE Sensex fell 99.36 points to 34,346.3 in early trade.&nbsp;

Falling for the third straight session, the rupee weakened by 23 paise to 65.10 against the US dollar to hit its three-month low in opening trade at the forex market today. The dollar firmed up against select global currencies as US Federal Reserve Chairman Jerome Powell's upbeat views on the economy bolstered bets on further Fed interest rate hikes this year. Forex dealers said sustained month-end demand for the American currency from importers, foreign fund outflows and the dollar's gains against other global currencies weighed on the rupee. Investors were also cautious ahead of GDP and IIP numbers to be released later in the day. Yesterday, the local currency had lost by 8 paise to end at 64.87 against the American unit on sustained dollar demand from importers and banks amid heavy capital outflows. Meanwhile, the benchmark BSE Sensex fell 99.36 points to 34,346.3 in early trade.

Sensex opens in red, falls 99 points in early trade

Shares of Punjab National Bank today slumped as much as 9 per cent to hit their 52-week low level in morning trade on bourses after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore.

The&nbsp;company&#39;s shares opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week low of Rs 102.10 on the BSE.

Similar movement was seen on the NSE too, where the stock opened at Rs 106.80, then fell to its 52-week low of Rs 102, down 8.92 per cent over its previous close.

Amid the multi-agency probe into the PNB scam, the state-run bank yesterday said the amount of fraudulent transactions could be Rs 1,300 crore more than the current estimate of about Rs 11,400 crore.

On February 14, the bank had detected the fraud wherein billionaire jeweller Nirav Modi and associates had allegedly acquired fraudulent letters of undertaking (LoUs) from one of the branches of the PNB for overseas credit from other Indian lenders.

&quot;We have to inform that quantum of reported unauthorised transactions can increase by&nbsp;$204.25 million (approximately),&quot; the filing said.

At the current exchange rate, the amount comes to around Rs 1,323 crore.&nbsp;

The company's shares opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week low of Rs 102.10 on the BSE

Shares of Punjab National Bank today slumped as much as 9 per cent to hit their 52-week low level in morning trade on bourses after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore. The company's shares opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week low of Rs 102.10 on the BSE. Similar movement was seen on the NSE too, where the stock opened at Rs 106.80, then fell to its 52-week low of Rs 102, down 8.92 per cent over its previous close. Amid the multi-agency probe into the PNB scam, the state-run bank yesterday said the amount of fraudulent transactions could be Rs 1,300 crore more than the current estimate of about Rs 11,400 crore. On February 14, the bank had detected the fraud wherein billionaire jeweller Nirav Modi and associates had allegedly acquired fraudulent letters of undertaking (LoUs) from one of the branches of the PNB for overseas credit from other Indian lenders. "We have to inform that quantum of reported unauthorised transactions can increase by $204.25 million (approximately)," the filing said. At the current exchange rate, the amount comes to around Rs 1,323 crore.

PNB scam: Punjab National Bank stock slumps 9% to hit 52-week low

Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets.

The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions.

Sectoral indices led by metal, capital goods, Teck and IT were trading in the green with gains of up to 0.75 per cent.

The broad-based NSE Nifty went up by 23.95 points or 0.23 per cent to 10,402.35.

Tata Steel rose up to 1.5 per cent in early trade after reports suggest the steel maker was leading bidder for debt-ridden Bhushan Steel.

IT stocks TCS, and Infosys also advanced up to 1.7 per cent on a weaker rupee.

Banking stocks ICICI Bank, Axis Bank and Yes Bank gained on value buying after recent losses.

Bharti Airtel, HDFC Ltd, L&amp;T, M&amp;M and ONGC also rose up to 1.4 per cent.

However, Punjab National Bank, embroiled in the Rs 11,300 crore scam, remained weak and shed another 3.31 per cent while Gitanjai Gems lost 9.91 per cent.

Brokers said buying by domestic institutional funds and investors amid a mixed trend at other Asian bourses improved the market sentiment.

Domestic institutional investors (DIIs) bought shares worth a net Rs 586.52 crore yesterday, as per provisional data.

Overseas, Asian stocks were trading mixed as Treasury yields climbed back toward recent four-year highs. Chinese markets will reopen on Thursday, 22 February. US markets remained closed yesterday, in observance of Presidents Day.

In the Asian region, Hong Kong&#39;s Hang Seng was up 0.66 per cent, while Japan&#39;s Nikkei was down 1.20 per cent in early trade today. Shanghai Composite remained closed for a public holiday.

The sensex had lost 522.81 points in the previous two sessions

Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets. The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions. Sectoral indices led by metal, capital goods, Teck and IT were trading in the green with gains of up to 0.75 per cent. The broad-based NSE Nifty went up by 23.95 points or 0.23 per cent to 10,402.35. Tata Steel rose up to 1.5 per cent in early trade after reports suggest the steel maker was leading bidder for debt-ridden Bhushan Steel. IT stocks TCS, and Infosys also advanced up to 1.7 per cent on a weaker rupee. Banking stocks ICICI Bank, Axis Bank and Yes Bank gained on value buying after recent losses. Bharti Airtel, HDFC Ltd, L&T, M&M and ONGC also rose up to 1.4 per cent. However, Punjab National Bank, embroiled in the Rs 11,300 crore scam, remained weak and shed another 3.31 per cent while Gitanjai Gems lost 9.91 per cent. Brokers said buying by domestic institutional funds and investors amid a mixed trend at other Asian bourses improved the market sentiment. Domestic institutional investors (DIIs) bought shares worth a net Rs 586.52 crore yesterday, as per provisional data. Overseas, Asian stocks were trading mixed as Treasury yields climbed back toward recent four-year highs. Chinese markets will reopen on Thursday, 22 February. US markets remained closed yesterday, in observance of Presidents Day. In the Asian region, Hong Kong's Hang Seng was up 0.66 per cent, while Japan's Nikkei was down 1.20 per cent in early trade today. Shanghai Composite remained closed for a public holiday.

Sensex recovers 157 points, Nifty above 10,400-mark

The benchmark Sensex drew back from its initial record highs to turn range bound in late morning deals, up by 112.27 points or 0.32 per cent on buying in energy, capital goods, realty IT and auto sectors.

Caution crept in ahead of the quarterly result to be released later which include key names like Axis Bank and Asian Paints.

Profit-booking was witnessed in telecom, metal, utilities and power segments which restricted the index gains.

However, sustained foreign funds inflows, better than expected quarterly result in index heavyweight Reliance Industries sustaining the stock momentum.

The benchmark BSE Sensex trading higher 112.27 points or 0.32 per cent to trade at 35,623.85 at 1140 hrs. Earlier it marked fresh all-time peak at 35,700.72.

The broader Nifty trading above the key 10,900 level at 10,905.40, up by 10.70 points or 0.10 per cent. It marked all time fresh peak at 10,929.85 earlier in the session.

Major gainers were ONGC 4.03 per cent, Reliance 2.44 per cent, TCS 1.58 per cent, Yes Bank 1.41 per cent and HDFC Bank 1.29 per cent.

Losers include Asian Paint 2.29 per cent, Bharti Airtel 1.66 per cent and ICICI 1.40 per cent.

Foreign portfolio investors (FPIs) bought shares worth Rs 988.25 crore on net basis while domestic institutional investors (DIIs) also bought equities to the tune of Rs 209.86 crore last Friday, provisional data showed.

Most Asian markets were trading higher as investors kept an eye on political developments in the US after a government shutdown began last week.

US stocks finished higher on last Friday, with both the S&amp;P 500 and the Nasdaq ending at records as optimism over corporate earnings outweighed the US government shutdown. 
-- Rupee trades down 4 paise vs US dollar --

The rupee was trading lower by 4 paise at 63.88 against the US dollar on some dollar demand by importers and banks amid recovering greenback overseas.

The rupee opened lower at 63.88 per dollar as against last Friday&#39;s closing level of 63.84 at the inter-bank foreign exchange here.

Later it fell further to 64.00 on persistent dollar demand in morning trade, it was quoting at 63.88 per dollar at 1145 hrs.

The US dollar regained some footing against a basket of currencies in early Asian trade, after slipping earlier on a US government shutdown.&nbsp;

The benchmark Sensex drew back from its initial record highs to turn range bound in late morning deals, up by 112.27 points or 0.32 per cent on buying in energy, capital goods, realty IT and auto sectors. Caution crept in ahead of the quarterly result to be released later which include key names like Axis Bank and Asian Paints. Profit-booking was witnessed in telecom, metal, utilities and power segments which restricted the index gains. However, sustained foreign funds inflows, better than expected quarterly result in index heavyweight Reliance Industries sustaining the stock momentum. The benchmark BSE Sensex trading higher 112.27 points or 0.32 per cent to trade at 35,623.85 at 1140 hrs. Earlier it marked fresh all-time peak at 35,700.72. The broader Nifty trading above the key 10,900 level at 10,905.40, up by 10.70 points or 0.10 per cent. It marked all time fresh peak at 10,929.85 earlier in the session. Major gainers were ONGC 4.03 per cent, Reliance 2.44 per cent, TCS 1.58 per cent, Yes Bank 1.41 per cent and HDFC Bank 1.29 per cent. Losers include Asian Paint 2.29 per cent, Bharti Airtel 1.66 per cent and ICICI 1.40 per cent. Foreign portfolio investors (FPIs) bought shares worth Rs 988.25 crore on net basis while domestic institutional investors (DIIs) also bought equities to the tune of Rs 209.86 crore last Friday, provisional data showed. Most Asian markets were trading higher as investors kept an eye on political developments in the US after a government shutdown began last week. US stocks finished higher on last Friday, with both the S&P 500 and the Nasdaq ending at records as optimism over corporate earnings outweighed the US government shutdown. -- Rupee trades down 4 paise vs US dollar -- The rupee was trading lower by 4 paise at 63.88 against the US dollar on some dollar demand by importers and banks amid recovering greenback overseas. The rupee opened lower at 63.88 per dollar as against last Friday's closing level of 63.84 at the inter-bank foreign exchange here. Later it fell further to 64.00 on persistent dollar demand in morning trade, it was quoting at 63.88 per dollar at 1145 hrs. The US dollar regained some footing against a basket of currencies in early Asian trade, after slipping earlier on a US government shutdown.

Sensex marks new high, Nifty above 10,900

The benchmark BSE Sensex opened lower today after a five-session record-setting spree as investors cashed profits in metal, capital goods, consumer durables, power and banking shares ahead of January month expiry in the derivatives segment tomorrow.

The BSE 30-share barometer dropped by 54.30 points or 0.15 per cent to 36,085.68 in opening trade as index major Reliance Industries, ICICI Bank and Bharti Airtel declined.

The gauge had rallied 1,368.93 points in the previous five back-to-back record-setting sessions on sustained foreign fund inflows. It had <a href="http://www.wionews.com/india-news/sensex-closes-at-36140-nifty-ends-above-11000-mark-30507" target="_blank">closed at a record high</a> of 36,139.98 yesterday after touching an intra-day high of 36,170.83.

The NSE Nifty index too retreated, falling by 26.45 points, or 0.23 per cent, at 11,057.25. Yesterday, it had closed at record high of 11,083.70 points after scaling an all-time high (intra- nay) of 11,092.90.

Brokers said investors turned cautious and preferred to log gains at record levels ahead of tomorrow&#39;s January expiry in the derivatives segment, pulling down the key indices from record highs.

Besides, a weak trend at most of other Asian markets too weighed on the sentiments here, they added.

The laggards were Bharti Airtel, ICICI Bank, Tata Motors, Coal India, Adani Ports, Tata Steel, Asian Paint, Reliance Industries, Infosys, L&amp;T and M&amp;M, falling up to 3.18 per cent.

Meanwhile, foreign portfolio investors (FPIs) continued their buying activity on the domestic bourses here. They bought shares worth a net Rs 1,229.35 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 169.03 crore yesterday, provisional data showed.

Globally, in the Asian region, Japan&#39;s Nikkei fell 0.56 per cent, while Hong Kong&#39;s Hang Seng shed 0.35 per cent in their early deals. Shanghai Composite Index, however, was up 0.09 per cent.

The US Dow Jones Industrial Average also ended a shade lower in yesterday&#39;s trade.

The Sensex had closed at a record high of 36,139.98 Tuesday after touching an intra-day high of 36,170.83

The benchmark BSE Sensex opened lower today after a five-session record-setting spree as investors cashed profits in metal, capital goods, consumer durables, power and banking shares ahead of January month expiry in the derivatives segment tomorrow. The BSE 30-share barometer dropped by 54.30 points or 0.15 per cent to 36,085.68 in opening trade as index major Reliance Industries, ICICI Bank and Bharti Airtel declined. The gauge had rallied 1,368.93 points in the previous five back-to-back record-setting sessions on sustained foreign fund inflows. It had closed at a record high of 36,139.98 yesterday after touching an intra-day high of 36,170.83. The NSE Nifty index too retreated, falling by 26.45 points, or 0.23 per cent, at 11,057.25. Yesterday, it had closed at record high of 11,083.70 points after scaling an all-time high (intra- nay) of 11,092.90. Brokers said investors turned cautious and preferred to log gains at record levels ahead of tomorrow's January expiry in the derivatives segment, pulling down the key indices from record highs. Besides, a weak trend at most of other Asian markets too weighed on the sentiments here, they added. The laggards were Bharti Airtel, ICICI Bank, Tata Motors, Coal India, Adani Ports, Tata Steel, Asian Paint, Reliance Industries, Infosys, L&T and M&M, falling up to 3.18 per cent. Meanwhile, foreign portfolio investors (FPIs) continued their buying activity on the domestic bourses here. They bought shares worth a net Rs 1,229.35 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 169.03 crore yesterday, provisional data showed. Globally, in the Asian region, Japan's Nikkei fell 0.56 per cent, while Hong Kong's Hang Seng shed 0.35 per cent in their early deals. Shanghai Composite Index, however, was up 0.09 per cent. The US Dow Jones Industrial Average also ended a shade lower in yesterday's trade.

Sensex opens 54 points lower on profit booking

Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recapturing the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours today.

Asian markets were also trading in the green after a late-day rally on Wall Street on Friday.

The 30-share Sensex recovered by 260.12 points, or 0.76 per cent, to 34,265.88 in opening trade. The index had lost 407.40 points or 1.18 per cent to settle at one month low of 34,005.76 on Friday.

All the sectoral indices led by metal, realty and infrastructure were trading in the green with gains up to 1.44 per cent.

The broad-based NSE Nifty went up by 81.65 points or 0.78 per cent to 10,536.60.

Major gainers were ONGC, Tata Steel, Sun Pharma, Bharti Airtel, Adani Ports, L&amp;T, HeromotoCorp and Axis Bank.

Larsen and Toubro rose by 1 per cent after it announced a Rs 2,200 crore order win by its wholly-owned arm L&amp;T Hydrocarbon Engineering from Abu Dhabi-based Al Dhafra Petroleum Operations Company Limited.

SBI, however, dropped 2.85 per cent following poor quarterly results. The PSU lender on Friday posted a net loss of Rs 1,886.57 crore after a massive under-reporting of dud assets in the past fiscal and reverses in treasury operations.

Brokers said sustained buying by domestic institutional investors amid a firm trend at other Asian bourses improved the market sentiment.

Domestic institutional investors bought shares worth a net Rs 588.42 crore while foreign portfolio investors sold shares worth a net Rs 1351.70 crore on Friday, provisional data showed.

In the Asian region, Hong Kong&#39;s Hang Seng was up 0.64 per cent and Shanghai Composite Index by 0.39 per cent in early trade. The US Dow Jones Industrial Average ended 1.38 per cent higher on Friday.

Asian markets were also trading in the green after a late-day rally on Wall Street on Friday

Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recapturing the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours today. Asian markets were also trading in the green after a late-day rally on Wall Street on Friday. The 30-share Sensex recovered by 260.12 points, or 0.76 per cent, to 34,265.88 in opening trade. The index had lost 407.40 points or 1.18 per cent to settle at one month low of 34,005.76 on Friday. All the sectoral indices led by metal, realty and infrastructure were trading in the green with gains up to 1.44 per cent. The broad-based NSE Nifty went up by 81.65 points or 0.78 per cent to 10,536.60. Major gainers were ONGC, Tata Steel, Sun Pharma, Bharti Airtel, Adani Ports, L&T, HeromotoCorp and Axis Bank. Larsen and Toubro rose by 1 per cent after it announced a Rs 2,200 crore order win by its wholly-owned arm L&T Hydrocarbon Engineering from Abu Dhabi-based Al Dhafra Petroleum Operations Company Limited. SBI, however, dropped 2.85 per cent following poor quarterly results. The PSU lender on Friday posted a net loss of Rs 1,886.57 crore after a massive under-reporting of dud assets in the past fiscal and reverses in treasury operations. Brokers said sustained buying by domestic institutional investors amid a firm trend at other Asian bourses improved the market sentiment. Domestic institutional investors bought shares worth a net Rs 588.42 crore while foreign portfolio investors sold shares worth a net Rs 1351.70 crore on Friday, provisional data showed. In the Asian region, Hong Kong's Hang Seng was up 0.64 per cent and Shanghai Composite Index by 0.39 per cent in early trade. The US Dow Jones Industrial Average ended 1.38 per cent higher on Friday.

Sensex recovers 260 points, Nifty above 10,500-mark

US&nbsp;stocks ended a wild week with a burst of buying, pushing the S&amp;P 500 up 1.5 per cent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead.

The sharp falls of the week confirmed the market was in a correction, down more than 10 per cent from a January 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their positions after months of steady gains.

The S&amp;P 500 ended the week nearly 9 per cent below the all-time high set just two weeks ago.

&ldquo;I don&#39;t see any reason to think that we&#39;re setting a pattern for next week or the rest of the year,&quot; said Rob Stein, the chief executive officer of Astor Investment Management in Chicago. &quot;The only pattern we&#39;re setting is more volatility.&quot;

On Friday alone, the S&amp;P 500 swung from gains of up to 2.2 per cent to declines of 1.9 per cent, echoing the big swings of the past week. The Dow moved in a range of more than 1,000 points, a more modest change than on Monday when the Dow fell as much as nearly 1,600 points.

The Dow Jones Industrial Average rose 330.44 points, or 1.38 per cent, to 24,190.9, the S&amp;P 500 gained 38.55 points, or 1.49 per cent, to 2,619.55, and the Nasdaq Composite added 97.33 points, or 1.44 per cent, to 6,874.49.

&nbsp;

Technology was the best-performing group on Friday, with Microsoft Corp, Alphabet Inc and Facebook Inc giving the biggest individual boosts to the S&amp;P 500. The energy was the lone major S&amp;P sector to end negative as oil prices tumbled.

The benchmark S&amp;P 500 fell 5.2 per cent for the week, its biggest weekly percentage drop since January 2016. For the week, the sector that got hammered the most was energy.

Ninety-six S&amp;P 500 stocks are down 20 per cent or more from their own one-year highs, according to Thomson Reuters data.

The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by last week&#39;s January US&nbsp;jobs report.

&quot;You have a fundamental difference between the economy and earnings doing well, versus interest rates going up and inflation picking up, and it&rsquo;s still a question of which will dominate,&quot; said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois.

Equities for years have looked relatively attractive compared to the low yields offered by bonds, but the rise in Treasury yields has diminished the allure of stocks, especially with stock valuations at historically expensive levels.

The yield on benchmark 10-year US&nbsp;Treasuries hovered around 2.85 per cent after touching a four-year peak of 2.885 per cent on Monday.

&ldquo;That&rsquo;s part of this recalculation that has gone on in the market: How do we factor in higher bond yields?&quot; said Willie Delwiche, investment strategist at Baird in Milwaukee. &quot;And that is a process that is playing out.&quot;

US&nbsp;fund investors sucked $23.9 billion out of the stock market in the latest week, marking the largest withdrawals from those funds on record, but bulls were still encouraged by strength in the global economy and solid U.S. corporate earnings.

Also, the percentage of Main Street investors expecting stocks to fall reached a three-month high in the American Association of Individual Investors&#39; weekly survey.

During Friday&#39;s session, the S&amp;P 500 briefly broke below its 200-day moving average, a closely watched technical level, before rising.

&quot;You will often see bounces off those levels,&quot; said Anwiti Bahuguna, senior portfolio manager at Columbia Threadneedle Investments in Boston.

The S&amp;P 500 lost $2.49 trillion in market value from Jan. 26 through Thursday, according to S&amp;P Dow Jones Indices.

Volatility remained high compared to recent months. The market&#39;s main gauge of volatility, the CBOE Volatility Index, fell 4.4 to 29.06 on Friday but was still nearly three times the average level of the past year.

In the latest day of strong trading volume, about 12 billion shares changed hands in US&nbsp;exchanges on Friday, well above the 8.5 billion daily average over the last 20 sessions. It was the first time weekly volume eclipsed 50 billion since August 2015.

Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.36-to-1 ratio favoured advancers.

The S&amp;P 500 posted no new 52-week highs and 47 new lows; the Nasdaq Composite recorded 17 new highs and 208 new lows.

&nbsp;

Investors have braced for more volatile trading days ahead

US stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 per cent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead. The sharp falls of the week confirmed the market was in a correction, down more than 10 per cent from a January 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their positions after months of steady gains. The S&P 500 ended the week nearly 9 per cent below the all-time high set just two weeks ago. “I don't see any reason to think that we're setting a pattern for next week or the rest of the year," said Rob Stein, the chief executive officer of Astor Investment Management in Chicago. "The only pattern we're setting is more volatility." On Friday alone, the S&P 500 swung from gains of up to 2.2 per cent to declines of 1.9 per cent, echoing the big swings of the past week. The Dow moved in a range of more than 1,000 points, a more modest change than on Monday when the Dow fell as much as nearly 1,600 points. The Dow Jones Industrial Average rose 330.44 points, or 1.38 per cent, to 24,190.9, the S&P 500 gained 38.55 points, or 1.49 per cent, to 2,619.55, and the Nasdaq Composite added 97.33 points, or 1.44 per cent, to 6,874.49. Technology was the best-performing group on Friday, with Microsoft Corp, Alphabet Inc and Facebook Inc giving the biggest individual boosts to the S&P 500. The energy was the lone major S&P sector to end negative as oil prices tumbled. The benchmark S&P 500 fell 5.2 per cent for the week, its biggest weekly percentage drop since January 2016. For the week, the sector that got hammered the most was energy. Ninety-six S&P 500 stocks are down 20 per cent or more from their own one-year highs, according to Thomson Reuters data. The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by last week's January US jobs report. "You have a fundamental difference between the economy and earnings doing well, versus interest rates going up and inflation picking up, and it’s still a question of which will dominate," said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois. Equities for years have looked relatively attractive compared to the low yields offered by bonds, but the rise in Treasury yields has diminished the allure of stocks, especially with stock valuations at historically expensive levels. The yield on benchmark 10-year US Treasuries hovered around 2.85 per cent after touching a four-year peak of 2.885 per cent on Monday. “That’s part of this recalculation that has gone on in the market: How do we factor in higher bond yields?" said Willie Delwiche, investment strategist at Baird in Milwaukee. "And that is a process that is playing out." US fund investors sucked $23.9 billion out of the stock market in the latest week, marking the largest withdrawals from those funds on record, but bulls were still encouraged by strength in the global economy and solid U.S. corporate earnings. Also, the percentage of Main Street investors expecting stocks to fall reached a three-month high in the American Association of Individual Investors' weekly survey. During Friday's session, the S&P 500 briefly broke below its 200-day moving average, a closely watched technical level, before rising. "You will often see bounces off those levels," said Anwiti Bahuguna, senior portfolio manager at Columbia Threadneedle Investments in Boston. The S&P 500 lost $2.49 trillion in market value from Jan. 26 through Thursday, according to S&P Dow Jones Indices. Volatility remained high compared to recent months. The market's main gauge of volatility, the CBOE Volatility Index, fell 4.4 to 29.06 on Friday but was still nearly three times the average level of the past year. In the latest day of strong trading volume, about 12 billion shares changed hands in US exchanges on Friday, well above the 8.5 billion daily average over the last 20 sessions. It was the first time weekly volume eclipsed 50 billion since August 2015. Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.36-to-1 ratio favoured advancers. The S&P 500 posted no new 52-week highs and 47 new lows; the Nasdaq Composite recorded 17 new highs and 208 new lows.

Wall Street rebounds but posts worst week in two years

The benchmark Sensex recovered about 168 points in early trade today on buying in realty, IT, capital goods and banking stocks after the RBI maintained status quo in its monetary policy review yesterday.

The 30-share index rose by 167.73 points, or 0.49 per cent, to 34,250.44 opening trade. All the sectoral indices led by realty, IT, healthcare and banking were trading in the green with gains of up to 1.86 per cent.

The gauge had lost 2,200.54 points in the previous seven sessions.

Also, the NSE Nifty rose 42.35 points or 0.40 per cent to 10,519.05.

Major gainers that supported the recovery were Infosys, HDFC LTD, Axis Bank, Maruti Suzuki, Yes Bank, Dr Reddy&#39;s, SBI, Hero Motocorp and M&amp;M, gaining up to 2.08 per cent.

Brokers said buying by domestic institutional investors (DIIs) and a mixed trend at other Asian bourses improved the market sentiment.

DIIs had bought shares worth Rs 461.19 crore, while foreign funds sold shares to the tune of Rs 1,022.50 crore yesterday.

In the Asian region, Hong Kong&#39;s Hang Seng was up 0.48 per cent while Japan&#39;s Nikkei higher 0.26 per cent in early trade today. Shanghai Composite Index, however, shed 0.81 per cent.

The US Dow Jones Industrial Average ended marginally lower by 0.08 per cent yesterday.&nbsp;

The 30-share index rose by 167.73 points, or 0.49 per cent, to 34,250.44 opening trade. All the sectoral indices led by realty, IT, healthcare and banking were trading in the green with gains of up to 1.86 per cent

The benchmark Sensex recovered about 168 points in early trade today on buying in realty, IT, capital goods and banking stocks after the RBI maintained status quo in its monetary policy review yesterday. The 30-share index rose by 167.73 points, or 0.49 per cent, to 34,250.44 opening trade. All the sectoral indices led by realty, IT, healthcare and banking were trading in the green with gains of up to 1.86 per cent. The gauge had lost 2,200.54 points in the previous seven sessions. Also, the NSE Nifty rose 42.35 points or 0.40 per cent to 10,519.05. Major gainers that supported the recovery were Infosys, HDFC LTD, Axis Bank, Maruti Suzuki, Yes Bank, Dr Reddy's, SBI, Hero Motocorp and M&M, gaining up to 2.08 per cent. Brokers said buying by domestic institutional investors (DIIs) and a mixed trend at other Asian bourses improved the market sentiment. DIIs had bought shares worth Rs 461.19 crore, while foreign funds sold shares to the tune of Rs 1,022.50 crore yesterday. In the Asian region, Hong Kong's Hang Seng was up 0.48 per cent while Japan's Nikkei higher 0.26 per cent in early trade today. Shanghai Composite Index, however, shed 0.81 per cent. The US Dow Jones Industrial Average ended marginally lower by 0.08 per cent yesterday.

Sensex recovers 168 points, NSE Nifty rises 42.35 points

Indian shares ended lower on Wednesday in their seventh consecutive sessions of losses, after the central bank said it would closely monitor accelerating inflation and kept its main repo rate on hold while retaining its &quot;neutral&quot; stance.

The benchmark BSE Sensex closed down 0.33 percent at 34,082.71, its lowest close since January 4.&nbsp;

The broader NSE Nifty ended 0.21 percent lower at 10,476.7, its lowest close since January 3.

The benchmark BSE Sensex closed down 0.33 percent at 34,082.71, its lowest close since January 4

Indian shares ended lower on Wednesday in their seventh consecutive sessions of losses, after the central bank said it would closely monitor accelerating inflation and kept its main repo rate on hold while retaining its "neutral" stance. The benchmark BSE Sensex closed down 0.33 percent at 34,082.71, its lowest close since January 4. The broader NSE Nifty ended 0.21 percent lower at 10,476.7, its lowest close since January 3.

Sensex ends lower after RBI policy meet

US President Donald Trump commented on the recent stock market volatility on Wednesday. Trump attributed the slump in markets to &#39;good news&#39; about the economy.

&quot;In the &#39;old days,&#39; when good news was reported, the stock market would go up,&quot; Trump tweeted.&nbsp;

&quot;Today, when good news is reported, the stock market goes down.&quot;

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<blockquote class="twitter-tweet" data-lang="en">
In the &ldquo;old days,&rdquo; when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/961253168968622086?ref_src=twsrc%5Etfw">February 7, 2018</a></blockquote>
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&quot;We have so much good (great) news about the economy!&quot; Trump noted.

This is not the first time when the US President made such a remark. Throughout his presidency, Trump has sought to portray record rises on Wall Street as indicative of the broader economy.

Throughout his presidency, Trump has sought to portray record rises on Wall Street as indicative of the broader economy

US President Donald Trump commented on the recent stock market volatility on Wednesday. Trump attributed the slump in markets to 'good news' about the economy. "In the 'old days,' when good news was reported, the stock market would go up," Trump tweeted. "Today, when good news is reported, the stock market goes down." In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy! — Donald J. Trump (@realDonaldTrump) February 7, 2018 × "We have so much good (great) news about the economy!" Trump noted. This is not the first time when the US President made such a remark. Throughout his presidency, Trump has sought to portray record rises on Wall Street as indicative of the broader economy.

When good news is reported, markets go down: US President Donald Trump

Indian shares fell for a sixth consecutive session on Tuesday, the longest losing streak since September, as the global market rout whacked sentiment, with lingering concerns of a tighter monetary policy ahead of a central bank meeting on Wednesday.

The broader NSE Nifty ended 1.58 percent lower at 10,498.25, while the BSE index fell 1.61 percent to 34,195.94. Both indexes had earlier fallen as much as 3.6 percent. 
 
Tata Motors Ltd shares lost 5.1 percent after the automaker posted a much-weaker-than-expected net profit on Monday.&nbsp;

Indian shares fell for a sixth consecutive session on Tuesday, the longest losing streak since September, as the global market rout whacked sentiment, with lingering concerns of a tighter monetary policy ahead of a central bank meeting on Wednesday. The broader NSE Nifty ended 1.58 percent lower at 10,498.25, while the BSE index fell 1.61 percent to 34,195.94. Both indexes had earlier fallen as much as 3.6 percent. Tata Motors Ltd shares lost 5.1 percent after the automaker posted a much-weaker-than-expected net profit on Monday.

Sensex drops for sixth straight session, closes at 34,195

Indian shares fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week.

Investors remained concerned that the government widened its fiscal deficit target for the year starting in April to help finance higher spending in rural sectors and healthcare.

The government also imposed a 10 percent long-term capital gains tax for equity investments of more than one year, raising concerns about investors` risk appetite after Indian shares went on a record-setting spree last month.

Government officials have tried to downplay the impact of the tax. Finance and Revenue Secretary Hasmukh Adhia told a post-budget conference organised by an industry lobby group that the rate was &quot;nominal&quot; and India remained a favourable market. He instead attributed the recent selloff in the markets to global cues.

&quot;It is very unfortunate that our move came at a very wrong time because of global markets also going down,&quot; he said.

Asian shares fell the most in more than a year on Monday as fears of resurgent inflation battered bonds globally, and toppled Wall Street from record highs. The MSCI`s index of Asia-Pacific shares outside Japan shed as much as 2 percent in its largest intraday drop since late 2016.&nbsp;

But bonds in India turned relatively more stable, with the benchmark 10-year bond yield rising 2 basis points to 7.58 percent after posting its biggest weekly rise since February 2017 last week.&nbsp;

The rupee was trading at 64.0325/0375 per dollar, compared with Friday`s close of 64.07.

&quot;Disappointments include budget provisions and lack of buying on small- and mid-caps, even at lower levels. Expect RBI to maintain the rates and its cautious tone during the policy meet this week,&quot; said Deepak Jasani, head of retail research at HDFC Securities.&nbsp;

The NSE Nifty was down 0.84 percent at 10,670.20 as of 0746 GMT, after declining as much as 1.62 percent to its lowest level since Jan 5.

The benchmark BSE index was 0.86 percent lower at 34,766.63, after dropping as much as 1.56 percent.

Both indexes were down for a fifth straight session, in what could be their longest losing streak since September 2017.

The losses were led by index heavyweight Housing Development Finance Corp, which was trading 3 percent lower.

Meanwhile, Bharti Airtel Ltd climbed as much as 5 percent after Singapore Telecommunications Ltd said it would raise stake in Bharti Telecom, the holding company for India`s biggest mobile carrier.

The Sensex has been in free fall ever since Finance Minister Arun Jaitley announced an increased fiscal deficit target of 3.3% and a 10% LTCG tax on the sale of shares

Indian shares fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week. Investors remained concerned that the government widened its fiscal deficit target for the year starting in April to help finance higher spending in rural sectors and healthcare. The government also imposed a 10 percent long-term capital gains tax for equity investments of more than one year, raising concerns about investors` risk appetite after Indian shares went on a record-setting spree last month. Government officials have tried to downplay the impact of the tax. Finance and Revenue Secretary Hasmukh Adhia told a post-budget conference organised by an industry lobby group that the rate was "nominal" and India remained a favourable market. He instead attributed the recent selloff in the markets to global cues. "It is very unfortunate that our move came at a very wrong time because of global markets also going down," he said. Asian shares fell the most in more than a year on Monday as fears of resurgent inflation battered bonds globally, and toppled Wall Street from record highs. The MSCI`s index of Asia-Pacific shares outside Japan shed as much as 2 percent in its largest intraday drop since late 2016. But bonds in India turned relatively more stable, with the benchmark 10-year bond yield rising 2 basis points to 7.58 percent after posting its biggest weekly rise since February 2017 last week. The rupee was trading at 64.0325/0375 per dollar, compared with Friday`s close of 64.07. "Disappointments include budget provisions and lack of buying on small- and mid-caps, even at lower levels. Expect RBI to maintain the rates and its cautious tone during the policy meet this week," said Deepak Jasani, head of retail research at HDFC Securities. The NSE Nifty was down 0.84 percent at 10,670.20 as of 0746 GMT, after declining as much as 1.62 percent to its lowest level since Jan 5. The benchmark BSE index was 0.86 percent lower at 34,766.63, after dropping as much as 1.56 percent. Both indexes were down for a fifth straight session, in what could be their longest losing streak since September 2017. The losses were led by index heavyweight Housing Development Finance Corp, which was trading 3 percent lower. Meanwhile, Bharti Airtel Ltd climbed as much as 5 percent after Singapore Telecommunications Ltd said it would raise stake in Bharti Telecom, the holding company for India`s biggest mobile carrier.

Sensex falls for fifth day in a row, closes at 34,757

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