The domestic stock market indices, Sensex and Nifty ended sharply lower dragged by heavy selling in banking and financial stocks.&nbsp;

The Sensex index nursed losses in 25 of the 30 constituents and ended at 48,782 levels today, down 983.5 points.

NSE's 50-share index erased 264 points to close at 14,631 levels dragged mainly by HDFC (down 4.2 per cent), HDFC Bank (4 per cent), ICICI Bank, Kotak Mahindra Bank, Asian Paints, &nbsp;M&amp;M, TCS, Tata Motors, and Adani Ports.&nbsp;

HDFC twins were the top losers in the Sensex pack, shedding over 4 per cent, followed by ICICI Bank, Kotak Bank, Asian Paints, M&amp;M, HUL, TCS and Maruti. 
 
On the other hand, ONGC, Sun Pharma, Dr Reddy's and Bajaj Auto were the gainers.

According to Binod Modi, Head-Strategy at Reliance Securities, domestic equities fell sharply on weak global cues and heavy sell-off in financial stocks. Asian markets traded weak on emerging concerns about growth after China's factory activity expanded slower than expected in April.

Barring pharma, metals and IT, most of the key sectoral indices saw selling pressure.

"Persistent rise in daily caseload and higher number of deaths continue to remain a matter of concerns for central and state governments and therefore any possibility of further economic restrictions cannot be ruled out by the state governments. The market is expected to be volatile until we see a clear reversal in COVID-19 cases," he said.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a negative note.

Bourses in Europe were trading with marginal gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 1.31 per cent lower at USD 67.15 per barrel.&nbsp;

(With inputs from agencies)

The domestic stock market indices, Sensex and Nifty ended sharply lower dragged by heavy selling in banking and financial stocks. The Sensex index nursed losses in 25 of the 30 constituents and ended at 48,782 levels today, down 983.

The domestic stock market indices, Sensex and Nifty ended sharply lower dragged by heavy selling in banking and financial stocks. The Sensex index nursed losses in 25 of the 30 constituents and ended at 48,782 levels today, down 983.5 points. NSE's 50-share index erased 264 points to close at 14,631 levels dragged mainly by HDFC (down 4.2 per cent), HDFC Bank (4 per cent), ICICI Bank, Kotak Mahindra Bank, Asian Paints, M&M, TCS, Tata Motors, and Adani Ports. HDFC twins were the top losers in the Sensex pack, shedding over 4 per cent, followed by ICICI Bank, Kotak Bank, Asian Paints, M&M, HUL, TCS and Maruti. On the other hand, ONGC, Sun Pharma, Dr Reddy's and Bajaj Auto were the gainers. According to Binod Modi, Head-Strategy at Reliance Securities, domestic equities fell sharply on weak global cues and heavy sell-off in financial stocks. Asian markets traded weak on emerging concerns about growth after China's factory activity expanded slower than expected in April. Barring pharma, metals and IT, most of the key sectoral indices saw selling pressure. "Persistent rise in daily caseload and higher number of deaths continue to remain a matter of concerns for central and state governments and therefore any possibility of further economic restrictions cannot be ruled out by the state governments. The market is expected to be volatile until we see a clear reversal in COVID-19 cases," he said. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a negative note. Bourses in Europe were trading with marginal gains in mid-session deals. Meanwhile, international oil benchmark Brent crude was trading 1.31 per cent lower at USD 67.15 per barrel. (With inputs from agencies)

Sensex plunges 984 points, ends below 49,000, Nifty gives up 14,650

Stock market indices, Sensex and Nifty ended Thursday's volatile session higher led by gains in metals and pharma stocks. Midcap and smallcap indices ended flat. Auto and FMCG indices ended in red. &nbsp;

The BSE barometer Sensex ended 259.6 points, or 0.5 per cent, higher at 48,803.7 levels while the NSE's Nifty50 settled at 14,581 levels, up 76.6 points or 0.5 per cent supported by gains in heavyweights like TCS, HDFC Bank, ICICI Bank, TCS, HDFC, Reliance Industries, ONGC, and Axis Bank. These stocks gained in the range of 1 per cent to 4 per cent.

Among sectoral indices, gains were witnessed in metals, pharma, IT, Financial Services and Private Banks, while the Nifty Auto, Nifty FMCG and Nifty PSU Bank indices ended in the red. TCS, Wipro, Cipla, ONGC and ICICI Bank were the top Nifty50 gainers, Grasim Industries, Eicher Motors, Maruti Suzuki, Infosys and IndusInd Bank were the top losers.

Global markets

Asian shares slipped on Thursday dragged down by Chinese stocks as recent upbeat economic data raised fears of monetary policy tightening. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent while New Zealand's benchmark index fell 0.9 per cent. Japan's Nikkei, however, finished 0.07 per cent higher.

Chinese shares stumbled with the blue-chip CSI300 index down 0.9 per cent and Hong Kong's Hang Seng index dropping 0.8 per cent.

On the other hand, European shares hit a record peak on rising commodity prices. The pan-European STOXX 600 index and UK’s commodity-heavy FTSE 100 gained 0.3 per cent each.

(With inputs from Reuters)

Stock market indices, Sensex and Nifty ended Thursday's volatile session higher led by gains in metals and pharma stocks. Midcap and smallcap indices ended flat.

Stock market indices, Sensex and Nifty ended Thursday's volatile session higher led by gains in metals and pharma stocks. Midcap and smallcap indices ended flat. Auto and FMCG indices ended in red. The BSE barometer Sensex ended 259.6 points, or 0.5 per cent, higher at 48,803.7 levels while the NSE's Nifty50 settled at 14,581 levels, up 76.6 points or 0.5 per cent supported by gains in heavyweights like TCS, HDFC Bank, ICICI Bank, TCS, HDFC, Reliance Industries, ONGC, and Axis Bank. These stocks gained in the range of 1 per cent to 4 per cent. Among sectoral indices, gains were witnessed in metals, pharma, IT, Financial Services and Private Banks, while the Nifty Auto, Nifty FMCG and Nifty PSU Bank indices ended in the red. TCS, Wipro, Cipla, ONGC and ICICI Bank were the top Nifty50 gainers, Grasim Industries, Eicher Motors, Maruti Suzuki, Infosys and IndusInd Bank were the top losers. Global markets Asian shares slipped on Thursday dragged down by Chinese stocks as recent upbeat economic data raised fears of monetary policy tightening. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent while New Zealand's benchmark index fell 0.9 per cent. Japan's Nikkei, however, finished 0.07 per cent higher. Chinese shares stumbled with the blue-chip CSI300 index down 0.9 per cent and Hong Kong's Hang Seng index dropping 0.8 per cent. On the other hand, European shares hit a record peak on rising commodity prices. The pan-European STOXX 600 index and UK’s commodity-heavy FTSE 100 gained 0.3 per cent each. (With inputs from Reuters)

Sensex ends 260 points up, tops 48,800, Nifty at 14,581

Stock market indices, Sensex and Nifty ended higher Wednesday led across the board gains after the RBI kept policy rates unchanged but committed to a massive government bond purchase programme.&nbsp;

BSE Sensex index leapt 700 points and hit the day's high of 49,900. The Nifty50, meanwhile, jumped nearly 200 points and hit 14,880 on the back of an across-the-board buying.&nbsp;

Banking and financial stocks outperformed on Wednesday with the Nifty Bank, Private Bank, and PSU Bank indices settling higher in the range of 1.5 per cent to 2 per cent.

Global markets

Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks. MSCI’s broadest index of Asia-Pacific shares outside of Japan was last down 0.1 per cent after Chinese and Hong Kong shares opened in the red. China’s blue-chip CSI300 index was down about 1 per cent while Hong Kong’s Hang Seng index fell 0.8 per cent.

That said, Japan’s Nikkei was a shade higher while Australian shares rose 0.6 per cent and South Korea’s KOSPI added 0.3 per cent. New Zealand ended 0.7 per cent higher.

In Europe, the pan-European STOXX 600 index fell 0.2 per cent while the German DAX and France’s CAC 40 were flat. The UK’s exporter-heavy FTSE 100, however, gained 0.3 per cent as a weaker pound lifted the dollar earners.

(With inputs from Reuters)

Stock market indices, Sensex and Nifty ended higher Wednesday led across the board gains after the RBI kept policy rates unchanged but committed to a massive government bond purchase programme.

Stock market indices, Sensex and Nifty ended higher Wednesday led across the board gains after the RBI kept policy rates unchanged but committed to a massive government bond purchase programme. BSE Sensex index leapt 700 points and hit the day's high of 49,900. The Nifty50, meanwhile, jumped nearly 200 points and hit 14,880 on the back of an across-the-board buying. Banking and financial stocks outperformed on Wednesday with the Nifty Bank, Private Bank, and PSU Bank indices settling higher in the range of 1.5 per cent to 2 per cent. Global markets Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks. MSCI’s broadest index of Asia-Pacific shares outside of Japan was last down 0.1 per cent after Chinese and Hong Kong shares opened in the red. China’s blue-chip CSI300 index was down about 1 per cent while Hong Kong’s Hang Seng index fell 0.8 per cent. That said, Japan’s Nikkei was a shade higher while Australian shares rose 0.6 per cent and South Korea’s KOSPI added 0.3 per cent. New Zealand ended 0.7 per cent higher. In Europe, the pan-European STOXX 600 index fell 0.2 per cent while the German DAX and France’s CAC 40 were flat. The UK’s exporter-heavy FTSE 100, however, gained 0.3 per cent as a weaker pound lifted the dollar earners. (With inputs from Reuters)

Sensex ends at 49,661, Nifty above 14,800

India equity market benchmarks BSE Sensex and Nifty 50 ended over one per cent lower on Thursday, mainly on weak global cues. &nbsp;

The BSE Sensex fell below the 51,000 mark on the back of selling seen in financial and metal stocks.&nbsp;

The BSE Sensex closed at 50,846.08, falling by 598.57 points or 1.16 percent. Similarly, the NSE Nifty ended lower at 15,080.75, down by 164.85 points or 1.08 percent.

Out of 30 Sensex stocks, 25 stocks ended deep in red, with Housing Development Finance Corporation (HDFC) as the top index loser. Bajaj Finsv, L&amp;T, State Bank of India (SBI), Axis Bank, HDFC Bank and ICICI Bank were among other laggards.

Vinod Nair, Head of Research at Geojit Financial Services said, "Domestic markets along with its global peers mirrored the wounded trend of the US market. The surge in US bond yields added selling pressure in technology stocks, forced Wall Street to close lower.

"Blue-chips were much affected by the weak global cues, but Mid &amp; Small caps with its increased investor confidence retained its positive momentum".

S Ranganathan, Head of Research at LKP Securities commented that markets traded weak on muted global cues despite heightened investor interest in PSU stocks on hopes of privatisation and asset monetisation.

Modi opined that the concerns over rising bond yields are short lived and any immediate correction in the market will only create an opportunity for investors to buy quality stocks at reasonable valuations.

Foreign investors had bought equities worth Rs 2,088.70 crore on a net basis in Indian capital markets on Wednesday, according to exchange data.

Among Asian markets, Japan's Nikkei 225 dropped 2.1 per cent and the Hang Seng in Hong Kong fell 2.2 per cent. The Shanghai Composite index dropped 2.1 per cent.

On the forex market front, the rupee ended 11 paise lower at 72.83 against the US dollar.

Meanwhile, global crude oil benchmark Brent was trading 1.16 per cent higher at USD 64.73 per barrel.

(With inputs from agencies)

India equity market benchmarks BSE Sensex and Nifty 50 ended over one per cent lower on Thursday, mainly on weak global cues. The BSE Sensex fell below the 51,000 mark on the back of selling seen in financial and metal stocks.

India equity market benchmarks BSE Sensex and Nifty 50 ended over one per cent lower on Thursday, mainly on weak global cues. The BSE Sensex fell below the 51,000 mark on the back of selling seen in financial and metal stocks. The BSE Sensex closed at 50,846.08, falling by 598.57 points or 1.16 percent. Similarly, the NSE Nifty ended lower at 15,080.75, down by 164.85 points or 1.08 percent. Out of 30 Sensex stocks, 25 stocks ended deep in red, with Housing Development Finance Corporation (HDFC) as the top index loser. Bajaj Finsv, L&T, State Bank of India (SBI), Axis Bank, HDFC Bank and ICICI Bank were among other laggards. Vinod Nair, Head of Research at Geojit Financial Services said, "Domestic markets along with its global peers mirrored the wounded trend of the US market. The surge in US bond yields added selling pressure in technology stocks, forced Wall Street to close lower. "Blue-chips were much affected by the weak global cues, but Mid & Small caps with its increased investor confidence retained its positive momentum". S Ranganathan, Head of Research at LKP Securities commented that markets traded weak on muted global cues despite heightened investor interest in PSU stocks on hopes of privatisation and asset monetisation. Modi opined that the concerns over rising bond yields are short lived and any immediate correction in the market will only create an opportunity for investors to buy quality stocks at reasonable valuations. Foreign investors had bought equities worth Rs 2,088.70 crore on a net basis in Indian capital markets on Wednesday, according to exchange data. Among Asian markets, Japan's Nikkei 225 dropped 2.1 per cent and the Hang Seng in Hong Kong fell 2.2 per cent. The Shanghai Composite index dropped 2.1 per cent. On the forex market front, the rupee ended 11 paise lower at 72.83 against the US dollar. Meanwhile, global crude oil benchmark Brent was trading 1.16 per cent higher at USD 64.73 per barrel. (With inputs from agencies)

Sensex fails to hold 51,000, ends 600 points down, Nifty below 15,100

Domestic stock market indices ended over 2 per cent higher on Wednesday, extending gains for the third straight session, mainly led by a rally in banks, financials and metal stocks. Meanwhile, IT, pharma and FMCG sectors also supported the frontline indices.

The S&amp;P BSE Sensex touched a high of 51,540 during the day but retreated to end at 51,445 levels, up 1,148 points or 2.28 per cent.

The frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273. The index cooled-off marginally and settled at 15,246 levels, up 326 points or 2.19 per cent.&nbsp;

Foreign investors had bought equities worth Rs 2,223.16 crore on net basis in Indian capital markets on Tuesday, exchange data showed.

Sectorally, all indices closed with gains barring auto. BSE energy surged 3.74 per cent, metal climbed 3.23 per cent, finance rose 2.80 per cent and bank gained 2.75 per cent.

The nifty bank which had a rough week so far took a breather and led the rally while consolidation was seen on auto stocks.

In the broader market, smallcap, midcap and largecap indices underperformed the benchmark.

"A stellar rally across BFSI &amp; Metals powered Indices higher today by 2.3% with the market breadth improving dramatically in Afternoon Trade. Investors cherry-picked into AMC's, HFC's and the day also witnessed keen interest in Sugar stocks which recorded handsome gains," S Ranganathan, Head of Research at LKP Securities said.

Meanwhile, Brent Futures rose by 1.84 per cent to trade at USD 63.77 per barrel.

On the forex market front, the rupee rose by 65 paise to end at 72.72 against the US dollar.

(With inputs from agencies)

Domestic stock market indices ended over 2 per cent higher on Wednesday, extending gains for the third straight session, mainly led by a rally in banks, financials and metal stocks.

Domestic stock market indices ended over 2 per cent higher on Wednesday, extending gains for the third straight session, mainly led by a rally in banks, financials and metal stocks. Meanwhile, IT, pharma and FMCG sectors also supported the frontline indices. The S&P BSE Sensex touched a high of 51,540 during the day but retreated to end at 51,445 levels, up 1,148 points or 2.28 per cent. The frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273. The index cooled-off marginally and settled at 15,246 levels, up 326 points or 2.19 per cent. Foreign investors had bought equities worth Rs 2,223.16 crore on net basis in Indian capital markets on Tuesday, exchange data showed. Sectorally, all indices closed with gains barring auto. BSE energy surged 3.74 per cent, metal climbed 3.23 per cent, finance rose 2.80 per cent and bank gained 2.75 per cent. The nifty bank which had a rough week so far took a breather and led the rally while consolidation was seen on auto stocks. In the broader market, smallcap, midcap and largecap indices underperformed the benchmark. "A stellar rally across BFSI & Metals powered Indices higher today by 2.3% with the market breadth improving dramatically in Afternoon Trade. Investors cherry-picked into AMC's, HFC's and the day also witnessed keen interest in Sugar stocks which recorded handsome gains," S Ranganathan, Head of Research at LKP Securities said. Meanwhile, Brent Futures rose by 1.84 per cent to trade at USD 63.77 per barrel. On the forex market front, the rupee rose by 65 paise to end at 72.72 against the US dollar. (With inputs from agencies)

Sensex ends 1,148 points higher, Nifty surges over 2%

A young day trader who went by the screen name Roaring Kitty and found himself at the center of the GameStop stock trading frenzy will make his first public appearance at a congressional hearing Thursday.

The trader, Keith Gill, was on a list released Friday of the panel that will appear in front of the House Committee on Financial Services as it examines the circumstances around the wild spikes in prices of GameStop and other so-called meme stocks.

Also read|&nbsp;<a href="https://www.wionews.com/business-economy/how-gamestop-missed-out-on-capitalising-on-the-reddit-rally-362984">How GameStop missed out on capitalising on the Reddit rally</a>

Gill is the only non-chief executive who will appear at the event, titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media and Retail Investors Collide.”

The other people testifying that day will be Vlad Tenev, CEO of online broker Robinhood; Kenneth C. Griffin, CEO of trading firm Citadel; Gabe Plotkin, CEO of hedge fund Melvin Capital Management; and Steve Huffman, CEO of social media company Reddit.

Gill lingered in anonymity until he was outed last month as the person behind Roaring Kitty. Under that screen name, Gill shot dozens of videos from his home in Massachusetts promoting the GameStop stock.

Also read|&nbsp;<a href="https://www.wionews.com/entertainment/hbo-to-develop-film-chronicling-the-gamestop-wall-street-incident-361954">HBO to develop film chronicling the GameStop-Wall Street incident</a>

He built up a large holding of GameStop shares and became a hero among the online crowd that gathered on Reddit to talk about the stock. But his endorsement has drawn attention from regulators in his home state.

Many of these traders bought and sold stocks on the Robinhood trading app. But Robinhood and other brokers effectively blocked trading of GameStop on its platform as the stock became the most actively traded on Wall Street, with its share price up as much as 1,700% in January.

The spike caused huge losses for the hedge funds that had made big bets against GameStop. Melvin lost 53% in January, a person familiar with the matter said, and had to ask for billions of dollars from other hedge funds, including Citadel, to stay afloat.

Robinhood’s decision to block trading infuriated its customers and drew bipartisan condemnation, with the unlikely combination of Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz agreeing on the issue.

Robinhood raised $3.4 billion in five days to ensure it had enough money to cover the trading on its platforms. Even so, the platform continued to limit trading of GameStop and other so-called meme stocks, such as AMC Entertainment, for days.

A young day trader who went by the screen name Roaring Kitty and found himself at the center of the GameStop stock trading frenzy will make his first public appearance at a congressional hearing Thursday.

A young day trader who went by the screen name Roaring Kitty and found himself at the center of the GameStop stock trading frenzy will make his first public appearance at a congressional hearing Thursday. The trader, Keith Gill, was on a list released Friday of the panel that will appear in front of the House Committee on Financial Services as it examines the circumstances around the wild spikes in prices of GameStop and other so-called meme stocks. Also read| How GameStop missed out on capitalising on the Reddit rally Gill is the only non-chief executive who will appear at the event, titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media and Retail Investors Collide.” The other people testifying that day will be Vlad Tenev, CEO of online broker Robinhood; Kenneth C. Griffin, CEO of trading firm Citadel; Gabe Plotkin, CEO of hedge fund Melvin Capital Management; and Steve Huffman, CEO of social media company Reddit. Gill lingered in anonymity until he was outed last month as the person behind Roaring Kitty. Under that screen name, Gill shot dozens of videos from his home in Massachusetts promoting the GameStop stock. Also read| HBO to develop film chronicling the GameStop-Wall Street incident He built up a large holding of GameStop shares and became a hero among the online crowd that gathered on Reddit to talk about the stock. But his endorsement has drawn attention from regulators in his home state. Many of these traders bought and sold stocks on the Robinhood trading app. But Robinhood and other brokers effectively blocked trading of GameStop on its platform as the stock became the most actively traded on Wall Street, with its share price up as much as 1,700% in January. The spike caused huge losses for the hedge funds that had made big bets against GameStop. Melvin lost 53% in January, a person familiar with the matter said, and had to ask for billions of dollars from other hedge funds, including Citadel, to stay afloat. Robinhood’s decision to block trading infuriated its customers and drew bipartisan condemnation, with the unlikely combination of Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz agreeing on the issue. Robinhood raised $3.4 billion in five days to ensure it had enough money to cover the trading on its platforms. Even so, the platform continued to limit trading of GameStop and other so-called meme stocks, such as AMC Entertainment, for days.

Reddit’s ‘Roaring Kitty’ will speak at GameStop hearing

It is Occupy Wall Street, the sequel. It is elements of the Tea Party, again. It is Bernie bros and MAGA maniacs.

The hordes of young traders who this week fueled a spectacular surge in the value of video game retailer GameStop may lack a unified political ideology. But they have forced a reckoning on Wall Street and caught the attention of leaders in Washington who recognize a populist uprising when they see one.

Wall Street has long been an easy villain for many on Capitol Hill. But the rush to side with speculative traders by both Democrats and Republicans reflects the broad recognition of the impulses that have driven U.S. politics in recent years, fueling both the ascension of President Donald Trump and a liberal wing of the Democratic Party that grew stronger in opposition.

Also read|&nbsp;<a href="https://www.wionews.com/world/trading-curbs-reverse-gamestop-rally-angering-upstart-traders-360011">Trading curbs reverse GameStop rally, angering upstart traders</a>

The decision by online brokerage app Robinhood to impose trading limits as hedge funds were hammered by the wild market fluctuation has prompted the rarest of all political occurrences: bipartisan agreement. Lawmakers from across the political spectrum condemned the move and called for hearings into the decision — among them Sen. Ted Cruz, R-Texas, a staunch conservative; and Rep. Alexandria Ocasio-Cortez, D-N.Y., a standard-bearer of the left. The conservative attorney general of Texas and his progressive counterpart in New York have both initiated inquiries into Robinhood.

“For years, the stock market has been less and less about the value of business and more and more like casino gambling,” said Sen. Elizabeth Warren, D-Mass., who called for increased regulation of Wall Street shortly after the market frenzy over GameStop began this week.

“GameStop is just the latest and most visible example,” she said in an interview Friday. “We need to take this not as a one-off problem but as a systemic problem that requires systemic regulation and enforcement.”

While President Joe Biden defeated Trump with a centrist message of restoring political norms, the trading frenzy this week provided a potent reminder of the strong undercurrent of grievance and institutional distrust in the country. Many believe that will only intensify as the nation wrestles with the economic fallout from a devastating pandemic.

Also read|&nbsp;<a href="https://www.wionews.com/business-economy/how-gamestop-stocks-surge-exposed-wall-street-elites-360171">How GameStop stocks surge exposed Wall Street elites</a>

As Wall Street booms, unemployment has hit record highs, with nearly 10 million fewer people holding jobs than at the beginning of last year — a situation that reminds some former officials of the 2008 economic crisis that led to both the Occupy Wall Street and the Tea Party movements.

“It’s not about Republicans and Democrats,” said Newt Gingrich, the former Republican House Speaker and an ally of Trump. “It’s lots and lots of normal, everyday people who began to figure out they really got ripped off for the last year just like they got ripped off in 2008 and 2009. What you’re seeing is an almost spontaneous cultural reaction in which the little guys and gals are getting together and going after the bigs, so the bigs are having to rig the game in order to survive.”

The reality is more complicated. There is little sign of any central political mission shared by the millions of amateur traders who combined to squeeze at least two hedge funds that bet against the stocks of companies like GameStop and movie chain AMC. One of the originators of the scheme is far from a “little guy,” with the financial resources to have purportedly transformed an initial investment of $53,000 into $48 million. Overall, only about half the country owns any stock at all.

On Reddit, the online message board that helped fuel the surge, few of the mostly young participants frame their flood of investments in clearly partisan terms. Yet many write of being driven by anger over the 2008 financial bailouts that kept the big banks afloat while 10 million Americans lost their homes.

“When that crisis hit our family, we were able to keep our little house, but we lived off of pancake mix, and powdered milk, and beans and rice for a year,” one person identified as ssauronn posted on Reddit. “Your ilk were bailed out and rewarded for terrible and illegal financial decisions that negatively changed the lives of millions.”

Other posters responded with their own stories of economic struggle and political rage.

Also read|&nbsp;<a href="https://www.wionews.com/technology/gamestop-prompts-surge-in-hyper-rally-after-elon-musks-tweet-359791">GameStop prompts surge in hyper-rally after Elon Musk's tweet</a>

“Forget republican/democrat, left/right... the bankers play both sides and have almost always come out on top,” a poster identified as ChrisFrettJunior wrote, after recounting watching his parents struggle through the 2008 recession.

The decision to bail out the biggest banks and also decline to prosecute any of their top executives led to much of the populist fervor that has driven U.S. politics in the past decade. The Tea Party surged to political prominence in the wake of the $700 billion financial rescue package that passed in 2008, eventually becoming a force that defeated both moderate Republicans and Democrats.

After Republicans won control of the House in 2010, Democrats began to face their own backlash, beginning with Occupy Wall Street — a loose coalition of largely liberal protesters who fueled a national conversation about economic inequality.

These days, political strategists warn, hedge funds, private equity investors and bankers are unlikely to find the same kind of deep support in Washington. Anger over the bailouts fueled the campaigns of political outsiders, creating a Congress that is less receptive to the pleas of Wall Street and far more eager to make use of upheaval to advance their agendas.

“There’s a ton of political currency in holding hedge funds’ feet to the fire from Democrats and Republicans,” said Josh Holmes, a Republican strategist and longtime adviser to Sen. Mitch McConnell, R-Ky. “If you’re sitting on Wall Street looking at this, dismissing people as folks who don’t understand the way that the markets work, I think you’re going to be in a lot of trouble.”

For Republicans, the market upheaval was a referendum on elitism. Democrats saw pure corporate greed and the need for greater regulation.

“Big Hedge, with outposts in South Hedge-i-stan (Wall Street) and North Hedge-i-stan (Greenwich, CT), has made trillions shorting great American companies facing a rough patch,” said Rep. Jeff Fortenberry, R-Neb. “Now they are getting a comeuppance from flash mobs of day traders and are paying dearly.”

Most of the ire this week was directed at Robinhood, a brokerage app catering to younger investors, which suddenly limited trading in GameStop, AMC and other stocks. Lawmakers argued that the app was protecting hedge funds and other big investors over retail investors. Robinhood said the additional restrictions were necessary to comply with government financial requirements.

Yet even centrists like Sen. Pat Toomey, R-Pa., who is poised to become the top Republican on the Senate Banking Committee, expressed concerns about the lack of transparency in the online company’s decision-making.

“I find it disturbing when retail investors who are simply seeking to buy a stock are frozen out of the market,” Toomey said in a statement. “Retail investors should be free to purchase even highly speculative stocks, just as hedge funds should be free to short them.”

Although politicians from both sides joined calls for greater scrutiny, it was hardly a kumbaya moment for the two parties.

After Cruz tweeted that he agreed with Ocasio-Cortez’s call for a probe into Robinhood’s action, she quickly disavowed any support from Cruz, who was a prominent backer of Trump’s baseless claims of election fraud.

“I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out,” she responded. “Happy to work w/ almost any other GOP that aren’t trying to get me killed. In the meantime if you want to help, you can resign.”

Cruz condemned her response as “partisan anger” that’s “not healthy for our country,” drawing another response from Ocasio-Cortez, while his allies in the House called for an apology.

The uproar over GameStop and Robinhood comes at a challenging time for the Biden administration, which took office promising to restore a sense of calm to the country. The Senate Banking Committee has yet to schedule a hearing to confirm Gary Gensler, Biden’s pick to lead the Securities and Exchange Commission, leaving the agency with an acting chair for the indefinite future. On Friday the White House press secretary, Jen Psaki, deferred questions on the issue.

“It’s a good reminder, though, that the stock market isn’t the only measure of the health of our economy,” she said, an apparent reference to Trump’s persistent fixation on stock prices during his tenure. Biden has not yet commented on the issue.

Rep. Ro Khanna, D-Calif., a progressive who represents a district that includes Silicon Valley, said this week’s events should alert lawmakers to the need to tighten financial regulations and increase transparency and equity.

He said the wide range of Republicans and Democrats who have spoken out are a reflection of “a real populist anger in this country.”

“Some people go get fancy degrees, know the right people and spend all day in front of their computers short selling, Khanna said. “And it’s a form of manipulation that has hurt our country. That has enriched the few at the expense of many Americans.”

Although many Americans own no stock at all, the sense that Wall Street has gamed a rigged system cuts across demographic barriers, he argued.

“I think this has been bubbling up since the Wall Street crash of 2008,” Khanna said. “And it’s coming to a boiling point.”

It is Occupy Wall Street, the sequel. It is elements of the Tea Party, again. It is Bernie bros and MAGA maniacs. The hordes of young traders who this week fueled a spectacular surge in the value of video game retailer GameStop may lack a unified political ideology.

It is Occupy Wall Street, the sequel. It is elements of the Tea Party, again. It is Bernie bros and MAGA maniacs. The hordes of young traders who this week fueled a spectacular surge in the value of video game retailer GameStop may lack a unified political ideology. But they have forced a reckoning on Wall Street and caught the attention of leaders in Washington who recognize a populist uprising when they see one. Wall Street has long been an easy villain for many on Capitol Hill. But the rush to side with speculative traders by both Democrats and Republicans reflects the broad recognition of the impulses that have driven U.S. politics in recent years, fueling both the ascension of President Donald Trump and a liberal wing of the Democratic Party that grew stronger in opposition. Also read| Trading curbs reverse GameStop rally, angering upstart traders The decision by online brokerage app Robinhood to impose trading limits as hedge funds were hammered by the wild market fluctuation has prompted the rarest of all political occurrences: bipartisan agreement. Lawmakers from across the political spectrum condemned the move and called for hearings into the decision — among them Sen. Ted Cruz, R-Texas, a staunch conservative; and Rep. Alexandria Ocasio-Cortez, D-N.Y., a standard-bearer of the left. The conservative attorney general of Texas and his progressive counterpart in New York have both initiated inquiries into Robinhood. “For years, the stock market has been less and less about the value of business and more and more like casino gambling,” said Sen. Elizabeth Warren, D-Mass., who called for increased regulation of Wall Street shortly after the market frenzy over GameStop began this week. “GameStop is just the latest and most visible example,” she said in an interview Friday. “We need to take this not as a one-off problem but as a systemic problem that requires systemic regulation and enforcement.” While President Joe Biden defeated Trump with a centrist message of restoring political norms, the trading frenzy this week provided a potent reminder of the strong undercurrent of grievance and institutional distrust in the country. Many believe that will only intensify as the nation wrestles with the economic fallout from a devastating pandemic. Also read| How GameStop stocks surge exposed Wall Street elites As Wall Street booms, unemployment has hit record highs, with nearly 10 million fewer people holding jobs than at the beginning of last year — a situation that reminds some former officials of the 2008 economic crisis that led to both the Occupy Wall Street and the Tea Party movements. “It’s not about Republicans and Democrats,” said Newt Gingrich, the former Republican House Speaker and an ally of Trump. “It’s lots and lots of normal, everyday people who began to figure out they really got ripped off for the last year just like they got ripped off in 2008 and 2009. What you’re seeing is an almost spontaneous cultural reaction in which the little guys and gals are getting together and going after the bigs, so the bigs are having to rig the game in order to survive.” The reality is more complicated. There is little sign of any central political mission shared by the millions of amateur traders who combined to squeeze at least two hedge funds that bet against the stocks of companies like GameStop and movie chain AMC. One of the originators of the scheme is far from a “little guy,” with the financial resources to have purportedly transformed an initial investment of $53,000 into $48 million. Overall, only about half the country owns any stock at all. On Reddit, the online message board that helped fuel the surge, few of the mostly young participants frame their flood of investments in clearly partisan terms. Yet many write of being driven by anger over the 2008 financial bailouts that kept the big banks afloat while 10 million Americans lost their homes. “When that crisis hit our family, we were able to keep our little house, but we lived off of pancake mix, and powdered milk, and beans and rice for a year,” one person identified as ssauronn posted on Reddit. “Your ilk were bailed out and rewarded for terrible and illegal financial decisions that negatively changed the lives of millions.” Other posters responded with their own stories of economic struggle and political rage. Also read| GameStop prompts surge in hyper-rally after Elon Musk's tweet “Forget republican/democrat, left/right... the bankers play both sides and have almost always come out on top,” a poster identified as ChrisFrettJunior wrote, after recounting watching his parents struggle through the 2008 recession. The decision to bail out the biggest banks and also decline to prosecute any of their top executives led to much of the populist fervor that has driven U.S. politics in the past decade. The Tea Party surged to political prominence in the wake of the $700 billion financial rescue package that passed in 2008, eventually becoming a force that defeated both moderate Republicans and Democrats. After Republicans won control of the House in 2010, Democrats began to face their own backlash, beginning with Occupy Wall Street — a loose coalition of largely liberal protesters who fueled a national conversation about economic inequality. These days, political strategists warn, hedge funds, private equity investors and bankers are unlikely to find the same kind of deep support in Washington. Anger over the bailouts fueled the campaigns of political outsiders, creating a Congress that is less receptive to the pleas of Wall Street and far more eager to make use of upheaval to advance their agendas. “There’s a ton of political currency in holding hedge funds’ feet to the fire from Democrats and Republicans,” said Josh Holmes, a Republican strategist and longtime adviser to Sen. Mitch McConnell, R-Ky. “If you’re sitting on Wall Street looking at this, dismissing people as folks who don’t understand the way that the markets work, I think you’re going to be in a lot of trouble.” For Republicans, the market upheaval was a referendum on elitism. Democrats saw pure corporate greed and the need for greater regulation. “Big Hedge, with outposts in South Hedge-i-stan (Wall Street) and North Hedge-i-stan (Greenwich, CT), has made trillions shorting great American companies facing a rough patch,” said Rep. Jeff Fortenberry, R-Neb. “Now they are getting a comeuppance from flash mobs of day traders and are paying dearly.” Most of the ire this week was directed at Robinhood, a brokerage app catering to younger investors, which suddenly limited trading in GameStop, AMC and other stocks. Lawmakers argued that the app was protecting hedge funds and other big investors over retail investors. Robinhood said the additional restrictions were necessary to comply with government financial requirements. Yet even centrists like Sen. Pat Toomey, R-Pa., who is poised to become the top Republican on the Senate Banking Committee, expressed concerns about the lack of transparency in the online company’s decision-making. “I find it disturbing when retail investors who are simply seeking to buy a stock are frozen out of the market,” Toomey said in a statement. “Retail investors should be free to purchase even highly speculative stocks, just as hedge funds should be free to short them.” Although politicians from both sides joined calls for greater scrutiny, it was hardly a kumbaya moment for the two parties. After Cruz tweeted that he agreed with Ocasio-Cortez’s call for a probe into Robinhood’s action, she quickly disavowed any support from Cruz, who was a prominent backer of Trump’s baseless claims of election fraud. “I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out,” she responded. “Happy to work w/ almost any other GOP that aren’t trying to get me killed. In the meantime if you want to help, you can resign.” Cruz condemned her response as “partisan anger” that’s “not healthy for our country,” drawing another response from Ocasio-Cortez, while his allies in the House called for an apology. The uproar over GameStop and Robinhood comes at a challenging time for the Biden administration, which took office promising to restore a sense of calm to the country. The Senate Banking Committee has yet to schedule a hearing to confirm Gary Gensler, Biden’s pick to lead the Securities and Exchange Commission, leaving the agency with an acting chair for the indefinite future. On Friday the White House press secretary, Jen Psaki, deferred questions on the issue. “It’s a good reminder, though, that the stock market isn’t the only measure of the health of our economy,” she said, an apparent reference to Trump’s persistent fixation on stock prices during his tenure. Biden has not yet commented on the issue. Rep. Ro Khanna, D-Calif., a progressive who represents a district that includes Silicon Valley, said this week’s events should alert lawmakers to the need to tighten financial regulations and increase transparency and equity. He said the wide range of Republicans and Democrats who have spoken out are a reflection of “a real populist anger in this country.” “Some people go get fancy degrees, know the right people and spend all day in front of their computers short selling, Khanna said. “And it’s a form of manipulation that has hurt our country. That has enriched the few at the expense of many Americans.” Although many Americans own no stock at all, the sense that Wall Street has gamed a rigged system cuts across demographic barriers, he argued. “I think this has been bubbling up since the Wall Street crash of 2008,” Khanna said. “And it’s coming to a boiling point.”

Lawmakers look at GameStop furor and see a populist issue to seize

Stock markets gained on Wednesday, as news of a working COVID-19 vaccine seemed to inoculate investors against worry about surging infections in Europe and the United States, while the kiwi rose as traders thought the central bank sounded upbeat.

Global stocks up as vaccine shields against second-wave worries

News of a breakthrough in the race to find a COVID-19 vaccine sparked one of the heaviest trading days since the height of the pandemic crisis, according to early data analysed by Reuters, with nearly $2 trillion (1.51 trillion pounds) changing hands on Monday.

Nearly $2 trillion traded on COVID-19 vaccine news

India: Sensex trading above 43,500 mark

The Indian stock market ended around one per cent higher on Monday on the back of gains in financial and FMCG stocks. Positive global cues also boosted investor sentiment.

Sensex gained 448.62 points or 1.12 percent to close at 40,431.60 while the Nifty settled at 11,873.05, up 110.60 points or 0.94 percent.&nbsp;

The rupee settled on a flat note and fell 2 paise to 73.37 against the American currency on Monday even as the domestic equity market was trading with significant gains.

The local unit opened at 73.38 against the US dollar at the interbank forex market and finally finished the day at 73.37 against the greenback, down by just 2 paise over its previous close of 73.35. 
 
Global markets

European stocks rallied on Monday as rising hopes of a coronavirus vaccine by the end of the year and a US fiscal package before elections offset concern over record daily infections in the region.&nbsp;

Wall Street futures rose 0.9 per cent.

In commodities, oil prices fell as concerns over surging coronavirus cases globally dampened the prospects for demand recovery while China’s third-quarter economic growth was weaker than expected.

(With inputs from Reuters)

The Indian stock market ended around one per cent higher on Monday on the back of gains in financial and FMCG stocks. Positive global cues also boosted investor sentiment.

The Indian stock market ended around one per cent higher on Monday on the back of gains in financial and FMCG stocks. Positive global cues also boosted investor sentiment. Sensex gained 448.62 points or 1.12 percent to close at 40,431.60 while the Nifty settled at 11,873.05, up 110.60 points or 0.94 percent. The rupee settled on a flat note and fell 2 paise to 73.37 against the American currency on Monday even as the domestic equity market was trading with significant gains. The local unit opened at 73.38 against the US dollar at the interbank forex market and finally finished the day at 73.37 against the greenback, down by just 2 paise over its previous close of 73.35. Global markets European stocks rallied on Monday as rising hopes of a coronavirus vaccine by the end of the year and a US fiscal package before elections offset concern over record daily infections in the region. Wall Street futures rose 0.9 per cent. In commodities, oil prices fell as concerns over surging coronavirus cases globally dampened the prospects for demand recovery while China’s third-quarter economic growth was weaker than expected. (With inputs from Reuters)

Sensex gains over 448 points, Nifty ends above 11,850

Domestic stock market witnessed a sharp recovery in the last hour of the session, supported by buying in financial counters.

The 30-share BSE index opened on a weak note and gyrated over 600 points during the day. However, it gained ground in the last hour of the session to finish at 40,794.74, up 169.23 points or 0.42 per cent.

Similarly, the broader NSE Nifty rose 36.55 points or 0.31 per cent to 11,971.05. Bajaj Finserv was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj Finance, ICICI Bank, IndusInd Bank, Tata Steel, Axis Bank, HDFC and SBI.

Global markets

European shares held steady on Wednesday, underpinned by gains for Wall Street futures, following losses the day before on vaccine trials and a stimulus impasse, while the dollar was also stable.&nbsp;

(With inputs from Reuters)

Domestic stock market witnessed a sharp recovery in the last hour of the session, supported by buying in financial counters. The 30-share BSE index opened on a weak note and gyrated over 600 points during the day.

Domestic stock market witnessed a sharp recovery in the last hour of the session, supported by buying in financial counters. The 30-share BSE index opened on a weak note and gyrated over 600 points during the day. However, it gained ground in the last hour of the session to finish at 40,794.74, up 169.23 points or 0.42 per cent. Similarly, the broader NSE Nifty rose 36.55 points or 0.31 per cent to 11,971.05. Bajaj Finserv was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj Finance, ICICI Bank, IndusInd Bank, Tata Steel, Axis Bank, HDFC and SBI. Global markets European shares held steady on Wednesday, underpinned by gains for Wall Street futures, following losses the day before on vaccine trials and a stimulus impasse, while the dollar was also stable. (With inputs from Reuters)

Sensex settles 169 points higher; Nifty tops 11,950

Stock market indices Sensex and Nifty ended marginally higher after choppy trade on Tuesday amid mixed cues from the global markets.&nbsp;

The S&amp;P BSE Sensex closed at 40,625.51, higher by 31.71 points or 0.08 per cent, from its previous close. The Nifty50 traded at 11,934.50, higher by 3.55 points or 0.03 per cent, from its previous close.

Among sectoral indices, pharma and banking index settled over 1 percent lower while Nifty IT remained the only one to trade over a percent (+1.31 percent).

Global markets

European shares fell on Tuesday as worries over the coronavirus pandemic overshadowed Chinese trade data that pointed to a buoyant recovery, while the US dollar edged away from a three-week low.

Chinese blue-chip shares also gained 0.3 per cent after dipping early in the day. The MSCI world equity index, which tracks shares in nearly 50 countries, fell 0.1 per cent.

In commodities, oil prices rebounded, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed.

(With inputs from agencies)

Stock market indices Sensex and Nifty ended marginally higher after choppy trade on Tuesday amid mixed cues from the global markets. The S&P BSE Sensex closed at 40,625.

Stock market indices Sensex and Nifty ended marginally higher after choppy trade on Tuesday amid mixed cues from the global markets. The S&P BSE Sensex closed at 40,625.51, higher by 31.71 points or 0.08 per cent, from its previous close. The Nifty50 traded at 11,934.50, higher by 3.55 points or 0.03 per cent, from its previous close. Among sectoral indices, pharma and banking index settled over 1 percent lower while Nifty IT remained the only one to trade over a percent (+1.31 percent). Global markets European shares fell on Tuesday as worries over the coronavirus pandemic overshadowed Chinese trade data that pointed to a buoyant recovery, while the US dollar edged away from a three-week low. Chinese blue-chip shares also gained 0.3 per cent after dipping early in the day. The MSCI world equity index, which tracks shares in nearly 50 countries, fell 0.1 per cent. In commodities, oil prices rebounded, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed. (With inputs from agencies)

Sensex settles 32 points higher; IT stocks gain

The domestic stock market indices moved higher in Wednesday's noon deals after spending majority of the session range-bound.

Sensex gained 200 points at 39,250 levels and the Nifty50 index was surpassed the 11,550-mark. Mahindra &amp; Mahindra (up 5%) was the top Sensex gainer, followed by Bajaj Auto (up 3%). Besides, HDFC Bank, Sun Pharma, and Reliance Industries also climbed 1 per cent each.

Meanwhile, total cases of the novel coronavirus in India surged past 5 million on Wednesday, with a single-day jump of 90,123 infections, according to health ministry data.

Separately, government data on Tuesday showed India posted a trade deficit of $6.77 billion in goods in August, higher than the $4.83 billion deficit posted in July.

"Trade deficit data is slightly disappointing... investors are now waiting for some clear-cut signals so that the next wave of buying can emerge," Gandhi added. 
Conglomerate Reliance Industries Ltd was the top boost to the Nifty, rising as much as 2.2% to a record high.

The Nifty Auto index rose 1.95%. Mahindra and Mahindra Ltd jumped as much as 5.9% and was among the top boosts to the Nifty 50.

The Nifty Bank Index fell 0.20%, with ICICI Bank Ltd and Axis Bank Ltd being among the top drags on the Nifty 50.&nbsp;

(With inputs from Reuters)

The domestic stock market indices moved higher in Wednesday's noon deals after spending majority of the session range-bound. Sensex gained 200 points at 39,250 levels and the Nifty50 index was surpassed the 11,550-mark.

The domestic stock market indices moved higher in Wednesday's noon deals after spending majority of the session range-bound. Sensex gained 200 points at 39,250 levels and the Nifty50 index was surpassed the 11,550-mark. Mahindra & Mahindra (up 5%) was the top Sensex gainer, followed by Bajaj Auto (up 3%). Besides, HDFC Bank, Sun Pharma, and Reliance Industries also climbed 1 per cent each. Meanwhile, total cases of the novel coronavirus in India surged past 5 million on Wednesday, with a single-day jump of 90,123 infections, according to health ministry data. Separately, government data on Tuesday showed India posted a trade deficit of $6.77 billion in goods in August, higher than the $4.83 billion deficit posted in July. "Trade deficit data is slightly disappointing... investors are now waiting for some clear-cut signals so that the next wave of buying can emerge," Gandhi added. Conglomerate Reliance Industries Ltd was the top boost to the Nifty, rising as much as 2.2% to a record high. The Nifty Auto index rose 1.95%. Mahindra and Mahindra Ltd jumped as much as 5.9% and was among the top boosts to the Nifty 50. The Nifty Bank Index fell 0.20%, with ICICI Bank Ltd and Axis Bank Ltd being among the top drags on the Nifty 50. (With inputs from Reuters)

Stock market at day's high with Nifty around 11,600; auto, realty stocks gain

The Indian stock market witnessed some handsome gains led by rally in banking stocks.&nbsp;

Sensex settled at 39,467.31, up 353.84 points or 0.90%, while Nifty advanced 96 points or 0.83% to end at 11,655.25.

IndusInd Bank, closing 10% higher, was the top Sensex gainer followed by Axis Bank, SBI and ICICI Bank. Power Grid, Infosys, HUL, Maruti and Asian Paints were among the laggards. Of 30 Sensex shares 17 closed in the green.

Global equities were mixed after US Federal Reserve Chairman Jerome Powell said the central bank will remain accommodative and shift to a more relaxed approach on inflation. However, lack of specifics disappointed markets, analysts said.

"Global markets were trading uncertain following the US Fed Reserve's policy shift to focus on economic growth and less on inflation. However, the indication that the US Fed would continue to let interest rates remain low and expectation of more stimulus to follow, boosted the Indian markets.

"The stimulus and the associated liquidity are important to our markets since that has been one of the drivers for the current stock market run. As per NSDL, FPI net investments into equity, as a whole, have been around Rs 45,000 crore, which makes it one of the best months for net inflows," said Vinod Nair, Head of Research at Geojit Financial Services.

BSE bankex, telecom, finance, oil and gas, energy and realty indices rallied as much as 4 per cent, while auto, utilities, IT, FMCG and metal closed lower.

In the broader markets, the BSE mid-cap index rose 0.55 per cent, while the small-cap gauge fell 0.23 per cent.

Strong foreign fund inflows, led by high global liquidity and decline in US dollar, also fuelled the markets, traders said.

Foreign institutional investors bought equities worth a net Rs 1,164.32 crore on Thursday, exchange data showed.

The rupee soared 43 paise to end at 73.39 against the US dollar on Friday.

In rest of Asia, bourses in Shanghai, Hong Kong and Seoul ended with gains. Japan's Nikkei tumbled after Prime Minister Shinzo Abe resigned due to health reasons.

(With inputs from agencies)

The Indian stock market witnessed some handsome gains led by rally in banking stocks. Sensex settled at 39,467.31, up 353.84 points or 0.90%, while Nifty advanced 96 points or 0.

The Indian stock market witnessed some handsome gains led by rally in banking stocks. Sensex settled at 39,467.31, up 353.84 points or 0.90%, while Nifty advanced 96 points or 0.83% to end at 11,655.25. IndusInd Bank, closing 10% higher, was the top Sensex gainer followed by Axis Bank, SBI and ICICI Bank. Power Grid, Infosys, HUL, Maruti and Asian Paints were among the laggards. Of 30 Sensex shares 17 closed in the green. Global equities were mixed after US Federal Reserve Chairman Jerome Powell said the central bank will remain accommodative and shift to a more relaxed approach on inflation. However, lack of specifics disappointed markets, analysts said. "Global markets were trading uncertain following the US Fed Reserve's policy shift to focus on economic growth and less on inflation. However, the indication that the US Fed would continue to let interest rates remain low and expectation of more stimulus to follow, boosted the Indian markets. "The stimulus and the associated liquidity are important to our markets since that has been one of the drivers for the current stock market run. As per NSDL, FPI net investments into equity, as a whole, have been around Rs 45,000 crore, which makes it one of the best months for net inflows," said Vinod Nair, Head of Research at Geojit Financial Services. BSE bankex, telecom, finance, oil and gas, energy and realty indices rallied as much as 4 per cent, while auto, utilities, IT, FMCG and metal closed lower. In the broader markets, the BSE mid-cap index rose 0.55 per cent, while the small-cap gauge fell 0.23 per cent. Strong foreign fund inflows, led by high global liquidity and decline in US dollar, also fuelled the markets, traders said. Foreign institutional investors bought equities worth a net Rs 1,164.32 crore on Thursday, exchange data showed. The rupee soared 43 paise to end at 73.39 against the US dollar on Friday. In rest of Asia, bourses in Shanghai, Hong Kong and Seoul ended with gains. Japan's Nikkei tumbled after Prime Minister Shinzo Abe resigned due to health reasons. (With inputs from agencies)

Nifty ends above 11,600, Sensex jumps 350 points

Domestic stock markets rose and the Nifty gained for a sixth straight session on Tuesday as gains in ICICI Bank Ltd following the launch of a share sale put market fears over rising coronavirus cases on the back burner.

The S&amp;P BSE climbed 338 points to 38,520 levels and the Nifty50 index topped the 11,350-mark.

Private-sector lender ICICI Bank rose as much as 2.27% to a more than 2-week high and was the top gainer on the Nifty after it set floor price of 351.36 rupees per share for its qualified institutional placement.

The Nifty private banking index advanced over 1% in early trading.

Among the major asian markets, the Japanese Nikkei 225 index shot up 1.75 per cent, South Korean Kospi roared 1.66 per cent, Hong Kong's Hang Seng skyrocketed2.44 per cent while the Shanghai index added 0.33 per cent in the opening bell trade session.

At the Wall Street yesterday, Dow Jones rose 1.30 per cent, Nasdaq shed 0.39 per cent, SmallCap 2000 rose 1.03 per cent while S&amp;P 500 added 0.27 per cent.

(With inputs from agencies)

Domestic stock markets rose and the Nifty gained for a sixth straight session on Tuesday as gains in ICICI Bank Ltd following the launch of a share sale put market fears over rising coronavirus cases on the back burner.

Domestic stock markets rose and the Nifty gained for a sixth straight session on Tuesday as gains in ICICI Bank Ltd following the launch of a share sale put market fears over rising coronavirus cases on the back burner. The S&P BSE climbed 338 points to 38,520 levels and the Nifty50 index topped the 11,350-mark. Private-sector lender ICICI Bank rose as much as 2.27% to a more than 2-week high and was the top gainer on the Nifty after it set floor price of 351.36 rupees per share for its qualified institutional placement. The Nifty private banking index advanced over 1% in early trading. Among the major asian markets, the Japanese Nikkei 225 index shot up 1.75 per cent, South Korean Kospi roared 1.66 per cent, Hong Kong's Hang Seng skyrocketed2.44 per cent while the Shanghai index added 0.33 per cent in the opening bell trade session. At the Wall Street yesterday, Dow Jones rose 1.30 per cent, Nasdaq shed 0.39 per cent, SmallCap 2000 rose 1.03 per cent while S&P 500 added 0.27 per cent. (With inputs from agencies)

Sensex rises 300 points, Nifty rise on strong global sentiments

Benchmark indices erased some of its intraday gains buy still trading higher supported by the pharma, bank, and auto and infra stocks.&nbsp;

Among the benchmark indices, the S&amp;P BSE Sensex rose 250 points to 38,280 levels and the Nifty50 index hovered around the 11,300 mark. Mahindra &amp; Mahindra (up 6%) and Larsen &amp; Toubro (up 5%) were the top Sensex gainers. Meanwhile, Divi's Laboratories surged 15 per cent after the announcement of its June quarter results.

The Nifty sectoral indices were trading in the green, led by Nifty Pharma index, up 5 per cent.

Meanwhile, Rupee ended at 74.90 per US dollar vs Friday's close of 74.93/$. 
 
(With inputs from agencies)

Benchmark indices erased some of its intraday gains buy still trading higher supported by the pharma, bank, and auto and infra stocks. Among the benchmark indices, the S&P BSE Sensex rose 250 points to 38,280 levels and the Nifty50 index hovered around the 11,300 mark.

Benchmark indices erased some of its intraday gains buy still trading higher supported by the pharma, bank, and auto and infra stocks. Among the benchmark indices, the S&P BSE Sensex rose 250 points to 38,280 levels and the Nifty50 index hovered around the 11,300 mark. Mahindra & Mahindra (up 6%) and Larsen & Toubro (up 5%) were the top Sensex gainers. Meanwhile, Divi's Laboratories surged 15 per cent after the announcement of its June quarter results. The Nifty sectoral indices were trading in the green, led by Nifty Pharma index, up 5 per cent. Meanwhile, Rupee ended at 74.90 per US dollar vs Friday's close of 74.93/$. (With inputs from agencies)

Indices trade higher: Sensex holds gains, up 250 points

Equity benchmarks Sensex and Nifty opened with marginal gains on Thursday led by buying in index majors HDFC and ITC amid positive cues from global markets.

The S&amp;P BSE Sensex rose 67 points to 37,937.82 levels and the Nifty50 index hovered above 11,150 levels. 
 
Asian Paints (up 2%) was the top Sensex gainer. Larsen &amp; Toubro was also trading over 1 per cent higher after announcing its June quarter results. 
 
ICICI Securities also rose as much as 7 per cent following the announcement of its quarterly results.

Biocon, Dish TV, and HDFC AMC, among others, are scheduled to announce their June quarter results today.

Equity benchmarks Sensex and Nifty opened with marginal gains on Thursday led by buying in index majors HDFC and ITC amid positive cues from global markets. The S&P BSE Sensex rose 67 points to 37,937.

Equity benchmarks Sensex and Nifty opened with marginal gains on Thursday led by buying in index majors HDFC and ITC amid positive cues from global markets. The S&P BSE Sensex rose 67 points to 37,937.82 levels and the Nifty50 index hovered above 11,150 levels. Asian Paints (up 2%) was the top Sensex gainer. Larsen & Toubro was also trading over 1 per cent higher after announcing its June quarter results. ICICI Securities also rose as much as 7 per cent following the announcement of its quarterly results. Biocon, Dish TV, and HDFC AMC, among others, are scheduled to announce their June quarter results today.

Sensex up 67 points, currently at 37,938; Nifty at 11,168

Indian stock market indices ended Thursday's volatile session on a positive territory, led by a rally in Infosys and select financial counters. 
 
Sensex jumped 420 points or 1.16 per cent to close at 36,472, while the broader Nifty 50 index advanced 122 points or 1.15 per cent to end at 10,740. 
 
The rupee settled 3 paise lower at 75.18 (provisional) against the US dollar on Thursday tracking strengthening American currency amid worries over mounting COVID-19 cases. 
 
Forex traders said rupee traded in a narrow range as strong dollar, foreign fund outflows and rising COVID-19 cases dragged the local unit down, while positive domestic equities supported the rupee and restricted the losses. 
 
At the interbank forex market, the rupee opened at 75.23, and finally settled for the day at 75.18 against the US dollar, registering a loss of 3 paise over its previous close.

(With inputs from agencies)

Indian stock market indices ended Thursday's volatile session on a positive territory, led by a rally in Infosys and select financial counters. Sensex jumped 420 points or 1.

Indian stock market indices ended Thursday's volatile session on a positive territory, led by a rally in Infosys and select financial counters. Sensex jumped 420 points or 1.16 per cent to close at 36,472, while the broader Nifty 50 index advanced 122 points or 1.15 per cent to end at 10,740. The rupee settled 3 paise lower at 75.18 (provisional) against the US dollar on Thursday tracking strengthening American currency amid worries over mounting COVID-19 cases. Forex traders said rupee traded in a narrow range as strong dollar, foreign fund outflows and rising COVID-19 cases dragged the local unit down, while positive domestic equities supported the rupee and restricted the losses. At the interbank forex market, the rupee opened at 75.23, and finally settled for the day at 75.18 against the US dollar, registering a loss of 3 paise over its previous close. (With inputs from agencies)

Sensex gains

The domestic stock markets extended their early losses and were trading at day's lowest point, down 2 per cent, on Tuesday, with financials, auto, and metal stocks dragging the indices.

At 14:31 PM, the Sensex was down 646.51 points or 1.76% at 36047.18, and the Nifty was down 190.50 points or 1.76% at 10612.20.&nbsp;

Bank, auto, financials, media and metal stocks, which surged in the recent rally, were under heavy pressure.

Meanwhile, India's auto sales volume will take another 3-4 years to reach 2018 levels, an industry body executive said on Tuesday, as the coronavirus-induced lockdown hurt monthly revenue and increased pressure on a sector already reeling from poor demand.

India's passenger vehicle sales rose 3% to 3.37 million units in fiscal 2018-19 but fell by 18% a year later due to weak demand and the onset of the pandemic.

(With inputs from agencies)

The domestic stock markets extended their early losses and were trading at day's lowest point, down 2 per cent, on Tuesday, with financials, auto, and metal stocks dragging the indices.

The domestic stock markets extended their early losses and were trading at day's lowest point, down 2 per cent, on Tuesday, with financials, auto, and metal stocks dragging the indices. At 14:31 PM, the Sensex was down 646.51 points or 1.76% at 36047.18, and the Nifty was down 190.50 points or 1.76% at 10612.20. Bank, auto, financials, media and metal stocks, which surged in the recent rally, were under heavy pressure. Meanwhile, India's auto sales volume will take another 3-4 years to reach 2018 levels, an industry body executive said on Tuesday, as the coronavirus-induced lockdown hurt monthly revenue and increased pressure on a sector already reeling from poor demand. India's passenger vehicle sales rose 3% to 3.37 million units in fiscal 2018-19 but fell by 18% a year later due to weak demand and the onset of the pandemic. (With inputs from agencies)

Stock market indices trade lower; Sensex tumbles 650 points

The benchmark indices were trading in range on Wednesday tracking mixed trade in Asian peers as the continued surge in coronavirus cases weighed on the sentiment.&nbsp;

The gain in banking and auto stocks were capped by losses in the IT, FMCG space.&nbsp;

The S&amp;P BSE Sensex was down 50 points at 36,630 levels and the Nifty50 index slipped below the 10,830-mark. IndusInd Bank (up 5%) gained the most among Sensex constituents, followed by Bajaj Auto and Mahindra &amp; Mahindra (both up 1%).

The benchmark indices were trading in range on Wednesday tracking mixed trade in Asian peers as the continued surge in coronavirus cases weighed on the sentiment.

The benchmark indices were trading in range on Wednesday tracking mixed trade in Asian peers as the continued surge in coronavirus cases weighed on the sentiment. The gain in banking and auto stocks were capped by losses in the IT, FMCG space. The S&P BSE Sensex was down 50 points at 36,630 levels and the Nifty50 index slipped below the 10,830-mark. IndusInd Bank (up 5%) gained the most among Sensex constituents, followed by Bajaj Auto and Mahindra & Mahindra (both up 1%).

Sensex drops 50 points, Nifty at 10,786

Indian stock market benchmark indices Sensex and Nifty, after having slipped into the red for two consecutive trading sessions, ended with 1% gain each on Friday.

Indian stock market benchmark indices Sensex and Nifty, after having slipped into the red for two consecutive trading sessions, ended with 1% gain each on Friday. S&P BSE Sensex gained 329 points to sit at 35,171 points, while the 50-stock NSE Nifty ended just a tad bit below the 10,400 mark at 10,383 points. The rupee opened with a positive note due to weakness in the dollar and coupled with lifetime increase in Indian FOREX reserves. However, cut in global growth forecast may curb the sharp appreciation in Indian rupee. For intraday trading, Rupee has strong support at 75.30 levels and resistance at 76.00 levels. Global markets Markets showed signs of optimism on Friday, with European shares opening higher and oil prices rising despite a record number of new COVID-19 infections in the United States. The MSCI world equity index, which tracks shares in 49 countries, was up 0.3%, extending gains from late on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, for a weekly gain of around 0.7 per cent. Japan's Nikkei rose 1.3 per cent to sit 0.4 per cent higher for the week. (With inputs from agencies)

Sensex closes 329 points higher, Nifty at 10,383

Domestic stock market benchmark indices ended around 1.5 per cent higher on Tuesday, owing to across-the-board buying.

The S&amp;P BSE Sensex rallied 519 points or 1.49 per cent to settle at 35,430 levels, while the Nifty50 index ended at 10,471, up 160 points or 1.55 per cent.

The Indian rupee settled stronger against the US dollar today, ending at 75.65 per dollar

Meanwhile, Moody’s Investors Service on Monday projected the Indian economy to shrink 3.1 per cent in 2020 and said clashes with China on the border also suggest rising geopolitical risks in the Asian region where countries are particularly vulnerable to changes in geopolitical dynamics.

(With inputs from agencies)

Domestic stock market benchmark indices ended around 1.5 per cent higher on Tuesday, owing to across-the-board buying. The S&P BSE Sensex rallied 519 points or 1.

Domestic stock market benchmark indices ended around 1.5 per cent higher on Tuesday, owing to across-the-board buying. The S&P BSE Sensex rallied 519 points or 1.49 per cent to settle at 35,430 levels, while the Nifty50 index ended at 10,471, up 160 points or 1.55 per cent. The Indian rupee settled stronger against the US dollar today, ending at 75.65 per dollar Meanwhile, Moody’s Investors Service on Monday projected the Indian economy to shrink 3.1 per cent in 2020 and said clashes with China on the border also suggest rising geopolitical risks in the Asian region where countries are particularly vulnerable to changes in geopolitical dynamics. (With inputs from agencies)

Sensex ends 519 points higher, Nifty at 10,471

The domestic stock market ended higher on Monday as gains in pharma and financial companies outweigh the impact of a record surge in domestic coronavirus cases.

The broader benchmark indices NSE Nifty was at 10,311.20, up 66.80 points or 0.65 per cent. The BSE Sensex closed at 34,911.32, up 179.59 points or 0.52 per cent.

In the sectoral indices, Bank, Pharma and Metal did well, meanwhile, IT ended in the red.

Bajaj Auto, Bajaj Finance and Coal India were the top gainers. Whereas, Wipro, GAIL, and ONGC were the top laggards.

(With inputs from agencies)

The domestic stock market ended higher on Monday as gains in pharma and financial companies outweigh the impact of a record surge in domestic coronavirus cases. The broader benchmark indices NSE Nifty was at 10,311.

The domestic stock market ended higher on Monday as gains in pharma and financial companies outweigh the impact of a record surge in domestic coronavirus cases. The broader benchmark indices NSE Nifty was at 10,311.20, up 66.80 points or 0.65 per cent. The BSE Sensex closed at 34,911.32, up 179.59 points or 0.52 per cent. In the sectoral indices, Bank, Pharma and Metal did well, meanwhile, IT ended in the red. Bajaj Auto, Bajaj Finance and Coal India were the top gainers. Whereas, Wipro, GAIL, and ONGC were the top laggards. (With inputs from agencies)

Sensex, Nifty rise to 3-month highs; financials, pharma stocks rise

Indian benchmark equity indices closed in the red in a volatile trading session on Wednesday as investors weighed the consequences of Indo-China border conflict.

After gyrating 600.70 points during the day, the 30-share index closed 97.30 points, or 0.29 per cent, lower at 33,507.92. It had hit an intra-day high of 33,933.66 and a low of 33,332.96.

Similarly, the NSE Nifty settled 32.85 points, or 0.33 per cent, down at 9,881.15. It touched a high of 10,003.60 and a low of 9,833.80 in the session.

Global markets

Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases.

In Asia, Japan’s Nikkei eased 0.5 per cent, after jumping almost 5 per cent on Tuesday for its biggest daily gain in three months. Chinese blue chips recovered from an early dip to finish steady.&nbsp;

In the overnight trade, the Dow ended Tuesday up 2.04 per cent, while the S&amp;P 500 gained 1.90 per cent and the Nasdaq 1.75 per cent.

In commodities, oil prices declined on Wednesday as data showed an increase in US crude and fuel inventories. Brent crude futures were down 29 cents, or 0.7 per cent, at $40.67 a barrel at the time of writing of this report, and US West Texas Intermediate (WTI) futures fell 43 cents, or 1.1 per cent, to $37.95 a barrel.&nbsp;

(With inputs from Reuters)

Indian benchmark equity indices closed in the red in a volatile trading session on Wednesday as investors weighed the consequences of Indo-China border conflict.

Indian benchmark equity indices closed in the red in a volatile trading session on Wednesday as investors weighed the consequences of Indo-China border conflict. After gyrating 600.70 points during the day, the 30-share index closed 97.30 points, or 0.29 per cent, lower at 33,507.92. It had hit an intra-day high of 33,933.66 and a low of 33,332.96. Similarly, the NSE Nifty settled 32.85 points, or 0.33 per cent, down at 9,881.15. It touched a high of 10,003.60 and a low of 9,833.80 in the session. Global markets Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. In Asia, Japan’s Nikkei eased 0.5 per cent, after jumping almost 5 per cent on Tuesday for its biggest daily gain in three months. Chinese blue chips recovered from an early dip to finish steady. In the overnight trade, the Dow ended Tuesday up 2.04 per cent, while the S&P 500 gained 1.90 per cent and the Nasdaq 1.75 per cent. In commodities, oil prices declined on Wednesday as data showed an increase in US crude and fuel inventories. Brent crude futures were down 29 cents, or 0.7 per cent, at $40.67 a barrel at the time of writing of this report, and US West Texas Intermediate (WTI) futures fell 43 cents, or 1.1 per cent, to $37.95 a barrel. (With inputs from Reuters)

Sensex ends 97 points lower amid India-China face-off

Domestic stock market indices ended with over 1.5 per cent cut on Monday, on weak global cues and a rapid rise in Covid-19 cases.&nbsp;

The BSE S&amp;P Sensex closed 552 points or 1.63 per cent lower at 33,229 while the Nifty 50 edged lower by 159 points or 1.6 per cent at 9,814. Most sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 3.8 per cent, realty by 3 per cent, financial service by 2.9 per cent and FMCG by 1.5 per cent. 
Private banks suffered heavy losses with IndusInd Bank down by 7.2 per cent at Rs 490.40 per share while Axis Bank slipped by 4.5 per cent and ICICI Bank by 3.8 per cent. Bajaj Finance and Bajaj Finserv fell by 3.9 per cent and 3.3 per cent respectively.&nbsp;

The other prominent losers included Tata Motors, Tata Steel, ITC, NTPC and Bharat Petroleum Corporation. However, Reliance Industries gained by 1.48 per cent to Rs 1,612.30 per share as its partly paid shares which were issued in the recent rights offer, got listed on stock exchanges.

Global markets

Fears that the second wave of COVID-19 infections is underway sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt.

The pan-European STOXX 600 fell 2.5 per cent with all sectors and regional markets trading deep in the red after losses accelerated in the final hours of trading in Asia.

(With inputs from agencies)

Domestic stock market indices ended with over 1.5 per cent cut on Monday, on weak global cues and a rapid rise in Covid-19 cases. The BSE S&P Sensex closed 552 points or 1.

Domestic stock market indices ended with over 1.5 per cent cut on Monday, on weak global cues and a rapid rise in Covid-19 cases. The BSE S&P Sensex closed 552 points or 1.63 per cent lower at 33,229 while the Nifty 50 edged lower by 159 points or 1.6 per cent at 9,814. Most sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 3.8 per cent, realty by 3 per cent, financial service by 2.9 per cent and FMCG by 1.5 per cent. Private banks suffered heavy losses with IndusInd Bank down by 7.2 per cent at Rs 490.40 per share while Axis Bank slipped by 4.5 per cent and ICICI Bank by 3.8 per cent. Bajaj Finance and Bajaj Finserv fell by 3.9 per cent and 3.3 per cent respectively. The other prominent losers included Tata Motors, Tata Steel, ITC, NTPC and Bharat Petroleum Corporation. However, Reliance Industries gained by 1.48 per cent to Rs 1,612.30 per share as its partly paid shares which were issued in the recent rights offer, got listed on stock exchanges. Global markets Fears that the second wave of COVID-19 infections is underway sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. The pan-European STOXX 600 fell 2.5 per cent with all sectors and regional markets trading deep in the red after losses accelerated in the final hours of trading in Asia. (With inputs from agencies)

Sensex slips 552 points, Nifty ends just above 9,800 on global cues

After tumbling over 3.5 per cent in the early deals, the benchmark indices made a sharp comeback to end 0.7 per cent higher.&nbsp;

The 30-share Sensex rose 1,432 points from intraday’s low and settled at 33,781. Similarly, Nifty 50 managed to jump over 400 points from day’s low to close the session at 9,973.

The rupee opened weak at 76.10 at the interbank forex market, but recouped most of the losses and finally ended the day at 75.84 against the US dollar, down 5 paise over its last close.

It had settled at 75.79 against the US dollar on Thursday.

Global markets

A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.&nbsp;

MSCI’s 49-country index of world stocks slipped 0.5 per cent to an 11-day low, while MSCI’s broadest index of Asia-Pacific shares outside Japan sank 1.3 per cent.

In Europe, the STOXX 600 Index swung between gains and losses after opening and was last down 0.6 per cent, extending a run of losses to five days in a row.

After tumbling over 3.5 per cent in the early deals, the benchmark indices made a sharp comeback to end 0.7 per cent higher. The 30-share Sensex rose 1,432 points from intraday’s low and settled at 33,781.

After tumbling over 3.5 per cent in the early deals, the benchmark indices made a sharp comeback to end 0.7 per cent higher. The 30-share Sensex rose 1,432 points from intraday’s low and settled at 33,781. Similarly, Nifty 50 managed to jump over 400 points from day’s low to close the session at 9,973. The rupee opened weak at 76.10 at the interbank forex market, but recouped most of the losses and finally ended the day at 75.84 against the US dollar, down 5 paise over its last close. It had settled at 75.79 against the US dollar on Thursday. Global markets A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns. MSCI’s 49-country index of world stocks slipped 0.5 per cent to an 11-day low, while MSCI’s broadest index of Asia-Pacific shares outside Japan sank 1.3 per cent. In Europe, the STOXX 600 Index swung between gains and losses after opening and was last down 0.6 per cent, extending a run of losses to five days in a row.

Sensex erases 1,200-point loss to end higher, Nifty scales 9,950 again

Indian stock market indices BSE Sensex and Nifty 50 were trading over 1 per cent higher on Friday led by gains in index heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, HDFC and Kotak Mahindra Bank.

During the initial trade, the Sensex rose 376 points to touch an intra-day high of 34,357.30 points.

The stock markets trimmed major gains tracking a mixed trend in the Asian indices.

Around 11:30 am, it was trading at 34,089.60, higher by 108.90 or 0.32 per cent from the previous close of 33,980.70.

Similarly, NSE Nifty rose 63.15 points, or 0.63%, to 10,092.20.

Meanwhile, the rupee appreciated 19 paise to 75.38 against the US dollar in early trade on Friday as strong domestic equity supported by foreign fund inflows boosted investor sentiments.

Forex traders said positive domestic stock market, sustained foreign fund inflows, weak American currency and upbeat risk appetite supported the rupee.

The rupee opened on a strong note at 75.38 at the interbank forex market, up 19 paise over its last close.

(With inputs from agencies)

Indian stock market indices BSE Sensex and Nifty 50 were trading over 1 per cent higher on Friday led by gains in index heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, HDFC and Kotak Mahindra Bank.

Indian stock market indices BSE Sensex and Nifty 50 were trading over 1 per cent higher on Friday led by gains in index heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, HDFC and Kotak Mahindra Bank. During the initial trade, the Sensex rose 376 points to touch an intra-day high of 34,357.30 points. The stock markets trimmed major gains tracking a mixed trend in the Asian indices. Around 11:30 am, it was trading at 34,089.60, higher by 108.90 or 0.32 per cent from the previous close of 33,980.70. Similarly, NSE Nifty rose 63.15 points, or 0.63%, to 10,092.20. Meanwhile, the rupee appreciated 19 paise to 75.38 against the US dollar in early trade on Friday as strong domestic equity supported by foreign fund inflows boosted investor sentiments. Forex traders said positive domestic stock market, sustained foreign fund inflows, weak American currency and upbeat risk appetite supported the rupee. The rupee opened on a strong note at 75.38 at the interbank forex market, up 19 paise over its last close. (With inputs from agencies)

Sensex up 300 points, Nifty trades above 10,100

The domestic stock market plunged on Monday with the BSE Sensex falling over 2,000 points, tracking a similar trend in the Asian markets.

<a href="https://www.wionews.com/business-economy/global-markets-stocks-fall-as-us-china-tensions-threaten-rebound-296550">Global Markets: Stocks fall as US-China tensions threaten rebound</a> 
 
The S&amp;P BSE Sensex tumbled 2,002 points or 5.94 per cent to 31,715 levels and the Nifty50 index ended at 9,293.50, down 566.40 points or 5.74 per cent.&nbsp;

It had opened at 32,748.14 and has so far touched a high of 32,748.14.

The rupee ended weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar.

On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake.

Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%.

Auto stocks also plunged nearly 12 per cent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time in April after the nationwide lockdown halted output and shut sales network.

Global markets

European stock markets and oil prices fell on Monday as a spat between top US officials and China over the origin of the coronavirus fuelled fears of a new trade war, derailing a rebound in global markets. European shares opened down 2.5 per cent with US stock futures trading close to 1 per cent in the red.

(With inputs from agencies)

The domestic stock market plunged on Monday with the BSE Sensex falling over 2,000 points, tracking a similar trend in the Asian markets. Global Markets: Stocks fall as US-China tensions threaten rebound The S&P BSE Sensex tumbled 2,002 points or 5.

The domestic stock market plunged on Monday with the BSE Sensex falling over 2,000 points, tracking a similar trend in the Asian markets. Global Markets: Stocks fall as US-China tensions threaten rebound The S&P BSE Sensex tumbled 2,002 points or 5.94 per cent to 31,715 levels and the Nifty50 index ended at 9,293.50, down 566.40 points or 5.74 per cent. It had opened at 32,748.14 and has so far touched a high of 32,748.14. The rupee ended weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar. On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake. Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%. Auto stocks also plunged nearly 12 per cent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time in April after the nationwide lockdown halted output and shut sales network. Global markets European stock markets and oil prices fell on Monday as a spat between top US officials and China over the origin of the coronavirus fuelled fears of a new trade war, derailing a rebound in global markets. European shares opened down 2.5 per cent with US stock futures trading close to 1 per cent in the red. (With inputs from agencies)

Sensex tumbles 2,002 points, Nifty ends at 9,293; financials, auto stocks worst-hit

The domestic stock market plunged on Monday with the BSE Sensex falling over 1,900 points, tracking a similar trend in the Asian markets.

At 2:21 pm, the Sensex was at 31,796.08, lower by 1,921.54 points or 5.70 per cent from the previous close of 33,717.62.

It had opened at 32,748.14 and has so far touched a high of 32,748.14 and a low of 31,796.08.

The Nifty50 on the National Stock Exchange was at 9,319.20, lower by 540.70 points from the previous close.

Rupee ends weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar.

On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake.

Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%. 
 
(With inputs from agencies)

The domestic stock market plunged on Monday with the BSE Sensex falling over 1,900 points, tracking a similar trend in the Asian markets. At 2:21 pm, the Sensex was at 31,796.

The domestic stock market plunged on Monday with the BSE Sensex falling over 1,900 points, tracking a similar trend in the Asian markets. At 2:21 pm, the Sensex was at 31,796.08, lower by 1,921.54 points or 5.70 per cent from the previous close of 33,717.62. It had opened at 32,748.14 and has so far touched a high of 32,748.14 and a low of 31,796.08. The Nifty50 on the National Stock Exchange was at 9,319.20, lower by 540.70 points from the previous close. Rupee ends weaker at 75.71 per US dollar vs Thursday's closing of 75.10 against the US dollar. On Monday, the oil-to-telecoms conglomerate announced a nearly $750 million investment from US private equity firm Silver Lake. Shares in Indian lenders HDFC Bank Ltd, Housing Development Finance Corp and ICICI Bank were the top three drags on the Nifty, as the lockdown strains the nation's financial system. HDFC Bank, the country`s largest private sector lender, fell 6.7%. (With inputs from agencies)

Sensex nosedives 1,900 points, Nifty below 9,350; financials, auto stocks worst-hit

Domestic stock markets were trading in the green, in intra-day trade after Reserve Bank of India Governor Shaktikanta Das announced measures to ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic.

At 3 pm, Sensex was trading at 31,373.34, higher by 770.73 points or 2.52% from its previous close of 30,602.61 while NSE Nifty50 was trading at 9205.55, higher by 212.75 points or 2.37% from its previous close.

Meanwhile, The Indian rupee appreciated by 45 paise to 76.42 against the US dollar in intra-day trade as positive domestic equities and weakening of the American currency in the overseas also supported the rupee.

At the interbank foreign exchange, the rupee opened at 76.59, and then gained further ground and touched a high of 76.42 against the US dollar, registering a rise of 45 paise over its previous close.

Domestic stock markets were trading in the green, in intra-day trade after Reserve Bank of India Governor Shaktikanta Das announced measures to ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic.

Domestic stock markets were trading in the green, in intra-day trade after Reserve Bank of India Governor Shaktikanta Das announced measures to ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic. At 3 pm, Sensex was trading at 31,373.34, higher by 770.73 points or 2.52% from its previous close of 30,602.61 while NSE Nifty50 was trading at 9205.55, higher by 212.75 points or 2.37% from its previous close. Meanwhile, The Indian rupee appreciated by 45 paise to 76.42 against the US dollar in intra-day trade as positive domestic equities and weakening of the American currency in the overseas also supported the rupee. At the interbank foreign exchange, the rupee opened at 76.59, and then gained further ground and touched a high of 76.42 against the US dollar, registering a rise of 45 paise over its previous close.

Sensex soars over 700 points; Nifty above 9200

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