After moving between gains and losses, the benchmark BSE Sensex Tuesday ended with 332 points gain on strong buying in energy, infra and banking stocks amid fresh foreign fund inflows and recovery in the rupee.

Besides, easing global crude oil prices, which slipped below the US $70 a barrel, and rupee recovering lost ground also helped build positive sentiments.

The rupee staged a strong comeback by strengthening 37 paise to 72.52 (intra-day) against the American currency.

The global benchmark Brent crude was trading down 0.98 per cent at US $69.43 per barrel.

The BSE 30-share Sensex after resuming a tad higher at 34,846.90 quickly slipped into the negative zone to touch a low of 34,672.20, largely in sync with global sell-off.

However, hectic buying in late afternoon trade reversed the day's losses and helped the Sensex hit a high of 35,185.17 before settling 331.50 points, or 0.95 per cent, higher at 35,144.49.

The gauge had lost 425 points in the previous two sessions.

The broader NSE Nifty after shuttling between 10,451.90 and 10,595.75 finally concluded 100.30 points, or 0.96 per cent, higher at 10,582.50.

Domestic market sentiments were upbeat about the fall in consumer inflation data for October.

Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, official data released Monday showed.

Industrial production, however, grew at the slowest pace in four months at 4.5 per cent in September.

The industrial production measured in terms of Index of Industrial Production (IIP) was 4.1 per cent in September 2017.

On a net basis, Foreign institutional Investors (FIIs) bought shares worth Rs 832.15 crore, while domestic institutional investors (DIIs) sold shares of Rs 1,073.84 crore Monday, provisional data showed.&nbsp;

After moving between gains and losses, the benchmark BSE Sensex Tuesday ended with 332 points gain on strong buying in energy, infra and banking stocks amid fresh foreign fund inflows and recovery in the rupee.

After moving between gains and losses, the benchmark BSE Sensex Tuesday ended with 332 points gain on strong buying in energy, infra and banking stocks amid fresh foreign fund inflows and recovery in the rupee. Besides, easing global crude oil prices, which slipped below the US $70 a barrel, and rupee recovering lost ground also helped build positive sentiments. The rupee staged a strong comeback by strengthening 37 paise to 72.52 (intra-day) against the American currency. The global benchmark Brent crude was trading down 0.98 per cent at US $69.43 per barrel. The BSE 30-share Sensex after resuming a tad higher at 34,846.90 quickly slipped into the negative zone to touch a low of 34,672.20, largely in sync with global sell-off. However, hectic buying in late afternoon trade reversed the day's losses and helped the Sensex hit a high of 35,185.17 before settling 331.50 points, or 0.95 per cent, higher at 35,144.49. The gauge had lost 425 points in the previous two sessions. The broader NSE Nifty after shuttling between 10,451.90 and 10,595.75 finally concluded 100.30 points, or 0.96 per cent, higher at 10,582.50. Domestic market sentiments were upbeat about the fall in consumer inflation data for October. Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, official data released Monday showed. Industrial production, however, grew at the slowest pace in four months at 4.5 per cent in September. The industrial production measured in terms of Index of Industrial Production (IIP) was 4.1 per cent in September 2017. On a net basis, Foreign institutional Investors (FIIs) bought shares worth Rs 832.15 crore, while domestic institutional investors (DIIs) sold shares of Rs 1,073.84 crore Monday, provisional data showed.

Sensex rebounds 332 points on easing crude, rupee gains

Investor wealth rose by Rs 1.72 lakh crore on Friday helped by a smart rally in the broader market where the BSE benchmark index surged almost 580 points.&nbsp;

Tracking gains in stocks, the market capitalisation of the BSE listed companies surged by Rs 1,72,870.06 crore to Rs 1,40,78,702.09 crore. The 30-share key index soared 579.68 points, or 1.68 per cent, to end at 35,011.65.

"After a flat start to November, stock markets Friday traded with a strong positive momentum and registered sharp gains. Trading sentiment got a boost amid a fall in global crude prices and rising rupee. Positive global cues also triggered buying," said Abhijeet Dey, senior fund Manager-Equities, BNP Paribas Mutual Fund.

The Rupee on Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar. Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent.

From the 30-share pack, 25 stocks ended with gains led by Maruti Suzuki India, Tata Motors, Vedanta and Induslnd Bank. In the broader market, the S&amp;P BSE midcap index gained 0.78 per cent and smallcap index 0.76 per cent.

Investor wealth rose by Rs 1.72 lakh crore on Friday helped by a smart rally in the broader market where the BSE benchmark index surged almost 580 points. Tracking gains in stocks, the market capitalisation of the BSE listed companies surged by Rs 1,72,870.

Investor wealth rose by Rs 1.72 lakh crore on Friday helped by a smart rally in the broader market where the BSE benchmark index surged almost 580 points. Tracking gains in stocks, the market capitalisation of the BSE listed companies surged by Rs 1,72,870.06 crore to Rs 1,40,78,702.09 crore. The 30-share key index soared 579.68 points, or 1.68 per cent, to end at 35,011.65. "After a flat start to November, stock markets Friday traded with a strong positive momentum and registered sharp gains. Trading sentiment got a boost amid a fall in global crude prices and rising rupee. Positive global cues also triggered buying," said Abhijeet Dey, senior fund Manager-Equities, BNP Paribas Mutual Fund. The Rupee on Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar. Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent. From the 30-share pack, 25 stocks ended with gains led by Maruti Suzuki India, Tata Motors, Vedanta and Induslnd Bank. In the broader market, the S&P BSE midcap index gained 0.78 per cent and smallcap index 0.76 per cent.

Investor wealth soars Rs 1.72 lakh crore as stocks zoom

Benchmark indices opened on a volatile note Tuesday following weak global market cues amid escalating trade tensions between the US and China, and heavy selling by foreign portfolio investors.

The BSE Sensex was trading 31.63 points, or 0.09 per cent, lower at 34,035.77. It had dropped 130.16 points on opening trade.

The 30-share index had rallied 718.09 points, or 2.15 per cent, to 34,067.40 in Monday's session.

The NSE Nifty saw similar movement, and was trading 16.50 points, or 0.16 per cent, lower at 10,234.35. The bourse had opened 43.7 points lower.

IndusInd Bank, Reliance Industries, Coal India, Tata Steel, TCS, ITC, NPTC and L&amp;T were among the top losers, falling up to 2 per cent.

While, Yes Bank, SBI, M&amp;M, Tata Motors, Bajaj Auto, Bharti Airtel and Infosys rose up to 4 per cent.

Global investor sentiment turned volatile after reports that the United States was preparing to announce tariffs on all remaining Chinese imports by early

December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.

Traders also took cues from foreign portfolio investors (FPIs), who sold shares worth a net of Rs 2,230.79 crore Monday.

Meanwhile, domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,526.90 crore, provisional data available with stock exchanges showed.&nbsp;

The rupee also witnessed weakness, falling 16 paise to 73.61 against the US dollar in early trade, amid increased demand of the American currencies from importers and sustained foreign fund outflows.

Elsewhere in Asia, Japan's Nikkei was trading 1.59 per cent up, Shanghai Composite index rose 0.72 per cent, while Hong Kong's Hang Seng dropped 0.04 per cent and Taiwan Weighted was down 0.02 per cent in their early sessions. &nbsp;

The Dow Jones Industrial Average fell 0.48 per cent, the S&amp;P 500 lost 0.19 per cent and the Nasdaq Composite dropped 1.14 per cent in Monday's session.&nbsp;

Benchmark indices opened on a volatile note Tuesday following weak global market cues amid escalating trade tensions between the US and China, and heavy selling by foreign portfolio investors.

Benchmark indices opened on a volatile note Tuesday following weak global market cues amid escalating trade tensions between the US and China, and heavy selling by foreign portfolio investors. The BSE Sensex was trading 31.63 points, or 0.09 per cent, lower at 34,035.77. It had dropped 130.16 points on opening trade. The 30-share index had rallied 718.09 points, or 2.15 per cent, to 34,067.40 in Monday's session. The NSE Nifty saw similar movement, and was trading 16.50 points, or 0.16 per cent, lower at 10,234.35. The bourse had opened 43.7 points lower. IndusInd Bank, Reliance Industries, Coal India, Tata Steel, TCS, ITC, NPTC and L&T were among the top losers, falling up to 2 per cent. While, Yes Bank, SBI, M&M, Tata Motors, Bajaj Auto, Bharti Airtel and Infosys rose up to 4 per cent. Global investor sentiment turned volatile after reports that the United States was preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war. Traders also took cues from foreign portfolio investors (FPIs), who sold shares worth a net of Rs 2,230.79 crore Monday. Meanwhile, domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,526.90 crore, provisional data available with stock exchanges showed. The rupee also witnessed weakness, falling 16 paise to 73.61 against the US dollar in early trade, amid increased demand of the American currencies from importers and sustained foreign fund outflows. Elsewhere in Asia, Japan's Nikkei was trading 1.59 per cent up, Shanghai Composite index rose 0.72 per cent, while Hong Kong's Hang Seng dropped 0.04 per cent and Taiwan Weighted was down 0.02 per cent in their early sessions. The Dow Jones Industrial Average fell 0.48 per cent, the S&P 500 lost 0.19 per cent and the Nasdaq Composite dropped 1.14 per cent in Monday's session.

Sensex, Nifty turn choppy on weak global cues, FPI selloff

Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses, although crude oil struggled near two-month lows after Saudi Arabia flagged possible supply increases.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent following a decline of more than 2 per cent the previous day.

Global stocks suffered earlier this week on worries about US earnings, Italian government finances, US trade tensions and mounting pressure on Saudi Arabia over the death of dissident journalist Jamal Khashoggi.

South Korea's KOSPI added 0.5 per cent and Japan's Nikkei climbed 0.25 per cent.

Wall Street's three major indexes slumped early on Tuesday but ended well off the day's lows as investors snapped up beaten-down shares late in the session.&nbsp;

"Broader market sentiment remains fragile, but as last night's resilience by Wall Street shows, sentiment has not broken down completely," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

"We may see more bouts of 'mini panic' until the U.S. midterm elections, but the bottom line is that the US economy is in good shape and that should prevent sentiment from breaking down."

The dollar flagged against the yen, which is often sought in times of risk aversion. The US currency was at 112.43 yen after dropping 0.35 per cent overnight.

The greenback was also held down on a decline in Treasury yields, as the recent risk aversion drove investors to safe haven government bonds. The 10-year Treasury note yield was at 3.171 per cent after stooping to a three-week low of 3.111 on Tuesday.

The pound was little changed at $1.2986 and near a three-week trough of $1.2937 brushed overnight.

Sterling briefly gained half a per cent against the dollar on Tuesday after a media report that the European Union could offer British Prime Minister Theresa May a UK-wide customs union to clinch a Brexit deal.

The pound's strength was fleeting, however, a sign the market remains unconvinced May can successfully sell any deal to her Conservative party colleagues and get it through parliament.

The euro was steady at $1.1472 after nudging up 0.05 per cent the previous day.

The dollar index against a basket of six major currencies was a shade lower at 95.924 after posting a modest loss the previous day.

In commodities, US crude futures traded at $66.33 per barrel after dropping roughly 4 per cent on Tuesday to a two-month low of $65.74.

Crude slid after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of US sanctions on Iran.&nbsp;

The recent sell-off in global equities has also raised worries about slowing growth curbing demand for crude.

Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses, although crude oil struggled near two-month lows after Saudi Arabia flagged possible supply increases.

Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses, although crude oil struggled near two-month lows after Saudi Arabia flagged possible supply increases. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent following a decline of more than 2 per cent the previous day. Global stocks suffered earlier this week on worries about US earnings, Italian government finances, US trade tensions and mounting pressure on Saudi Arabia over the death of dissident journalist Jamal Khashoggi. South Korea's KOSPI added 0.5 per cent and Japan's Nikkei climbed 0.25 per cent. Wall Street's three major indexes slumped early on Tuesday but ended well off the day's lows as investors snapped up beaten-down shares late in the session. "Broader market sentiment remains fragile, but as last night's resilience by Wall Street shows, sentiment has not broken down completely," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo. "We may see more bouts of 'mini panic' until the U.S. midterm elections, but the bottom line is that the US economy is in good shape and that should prevent sentiment from breaking down." The dollar flagged against the yen, which is often sought in times of risk aversion. The US currency was at 112.43 yen after dropping 0.35 per cent overnight. The greenback was also held down on a decline in Treasury yields, as the recent risk aversion drove investors to safe haven government bonds. The 10-year Treasury note yield was at 3.171 per cent after stooping to a three-week low of 3.111 on Tuesday. The pound was little changed at $1.2986 and near a three-week trough of $1.2937 brushed overnight. Sterling briefly gained half a per cent against the dollar on Tuesday after a media report that the European Union could offer British Prime Minister Theresa May a UK-wide customs union to clinch a Brexit deal. The pound's strength was fleeting, however, a sign the market remains unconvinced May can successfully sell any deal to her Conservative party colleagues and get it through parliament. The euro was steady at $1.1472 after nudging up 0.05 per cent the previous day. The dollar index against a basket of six major currencies was a shade lower at 95.924 after posting a modest loss the previous day. In commodities, US crude futures traded at $66.33 per barrel after dropping roughly 4 per cent on Tuesday to a two-month low of $65.74. Crude slid after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of US sanctions on Iran. The recent sell-off in global equities has also raised worries about slowing growth curbing demand for crude.

Asia stocks edge up as Wall Street shows resilience, oil near two-month lows

Chinese stock markets plunged to their lowest levels in four years on Thursday following a global rout.

The benchmark Shanghai Composite Index dropped 5.22 per cent, or 142.38 points, to 2,583.46, marking the lowest level since November 2014.&nbsp;

The Shenzhen Composite Index, which tracks stocks on China's second exchange, plummeted 6.45 per cent, or 89.15 points, to 1,293.90, the lowest point since September 2014.

European markets

Europe's main stock markets slid by around 1.5 per cent at the start of trading on Thursday following heavier falls across Asia and on Wall Street.

London's benchmark FTSE 100 index slumped 1.4 per cent to 7,049.31 points compared with Wednesday's closing level.

In the eurozone, Frankfurt's DAX 30 dropped 1.3 per cent to 11,558.98 points and the Paris CAC 40 shed 1.5 per cent to 5,128.22 points.

Trump's 'Fed is crazy' remark

The steep drop in Asia followed Wednesday's plunge in New York, with the Dow Jones dropping nearly 830 points -- the biggest fall since February -- after Trump's latest criticism of the Federal Reserve.

"I think the Fed is making a mistake," Trump told reporters as he arrived for a campaign rally ahead of the US mid-term elections.

Chinese stock markets plunged to their lowest levels in four years on Thursday following a global rout. The benchmark Shanghai Composite Index dropped 5.22 per cent, or 142.

Chinese stock markets plunged to their lowest levels in four years on Thursday following a global rout. The benchmark Shanghai Composite Index dropped 5.22 per cent, or 142.38 points, to 2,583.46, marking the lowest level since November 2014. The Shenzhen Composite Index, which tracks stocks on China's second exchange, plummeted 6.45 per cent, or 89.15 points, to 1,293.90, the lowest point since September 2014. European markets Europe's main stock markets slid by around 1.5 per cent at the start of trading on Thursday following heavier falls across Asia and on Wall Street. London's benchmark FTSE 100 index slumped 1.4 per cent to 7,049.31 points compared with Wednesday's closing level. In the eurozone, Frankfurt's DAX 30 dropped 1.3 per cent to 11,558.98 points and the Paris CAC 40 shed 1.5 per cent to 5,128.22 points. Trump's 'Fed is crazy' remark The steep drop in Asia followed Wednesday's plunge in New York, with the Dow Jones dropping nearly 830 points -- the biggest fall since February -- after Trump's latest criticism of the Federal Reserve. "I think the Fed is making a mistake," Trump told reporters as he arrived for a campaign rally ahead of the US mid-term elections.

Chinese stocks sink to lowest levels since 2014

Indian markets on Wednesday closed in red with BSE Sensex plunging 550.51 points to end at 35,975.63. Nifty, on the other hand, tanked 150.05 points to close at 10,858.25.&nbsp;

Meanwhile, the Indian currency was at Rs 73.25 against the American dollar on Wednesday noon.&nbsp;

In opening trade on Wednesday, the <a href="http://www.wionews.com/business-economy/sensex-falls-over-200-points-nifty-slips-below-11000-169111">BSE Sensex fell over 200 points</a> and the NSE Nifty dropped below the 11,000-level in early trade after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices.

The BSE 30-share barometer fell 231.08 points, or 0.63 per cent, to 36,295.06 after hitting a low of 36,325.15. The gauge had gained 299 points Monday after the RBI announced measures to shore up liquidity.

The <a href="http://www.wionews.com/business-economy/rupee-hits-fresh-record-low-7324-against-us-dollar-169082">rupee dropped to a record low on Wednesday</a> as a sharp rise in global crude oil prices heaped more pressure on the currency, prompting the central bank to quickly intervene to slow its fall.

The domestic currency slid 34 paise to a new record low of 73.25 against the US dollar in early morning trade.&nbsp;

The partially convertible rupee briefly traded stronger on the day at 72.90 per dollar against its previous close of 72.91 after the news report. It had touched a life low of 73.42 earlier in the session.

By 2:34 pm, the rupee was trading at 73.24 per dollar.

(With inputs from agencies)&nbsp;

Indian markets on Wednesday closed in red with BSE Sensex plunging 550.51 points to end at 35,975.63. Nifty, on the other hand, tanked 150.05 points to close at 10,858.

Indian markets on Wednesday closed in red with BSE Sensex plunging 550.51 points to end at 35,975.63. Nifty, on the other hand, tanked 150.05 points to close at 10,858.25. Meanwhile, the Indian currency was at Rs 73.25 against the American dollar on Wednesday noon. In opening trade on Wednesday, the BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,000-level in early trade after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices. The BSE 30-share barometer fell 231.08 points, or 0.63 per cent, to 36,295.06 after hitting a low of 36,325.15. The gauge had gained 299 points Monday after the RBI announced measures to shore up liquidity. The rupee dropped to a record low on Wednesday as a sharp rise in global crude oil prices heaped more pressure on the currency, prompting the central bank to quickly intervene to slow its fall. The domestic currency slid 34 paise to a new record low of 73.25 against the US dollar in early morning trade. The partially convertible rupee briefly traded stronger on the day at 72.90 per dollar against its previous close of 72.91 after the news report. It had touched a life low of 73.42 earlier in the session. By 2:34 pm, the rupee was trading at 73.24 per dollar. (With inputs from agencies)

Markets close in red with Sensex plunging over 500 points

Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp Ltd and IT bellwether Tata Consultancy Services Ltd.

Investors remained cautious in early trade following the central bank announced measures to curb liquidity concerns ahead of a key policy meeting later this week.

The benchmark BSE Sensex closed up 0.83 per cent at 36,526.14. The broader NSE Nifty ended 0.71 per cent higher at 11,008.3.

HDFC closed 3.45 per cent higher and contributed to over a fifth of the Nifty's gains, while TCS gained 3.05 per cent.

Yes Bank Ltd was the top percentage gainer on the NSE index, closing 9.37 per cent higher.

Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp Ltd and IT bellwether Tata Consultancy Services Ltd.

Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp Ltd and IT bellwether Tata Consultancy Services Ltd. Investors remained cautious in early trade following the central bank announced measures to curb liquidity concerns ahead of a key policy meeting later this week. The benchmark BSE Sensex closed up 0.83 per cent at 36,526.14. The broader NSE Nifty ended 0.71 per cent higher at 11,008.3. HDFC closed 3.45 per cent higher and contributed to over a fifth of the Nifty's gains, while TCS gained 3.05 per cent. Yes Bank Ltd was the top percentage gainer on the NSE index, closing 9.37 per cent higher.

Nifty, Sensex snap three sessions of fall; financials gain

Shares ended lower on Tuesday, snapping three sessions of gains, with lenders such as ICICI Bank Ltd and State Bank of India weighing on the indexes.

BSE Sensex closed 216.24 points lower at 34,949.24, while the Nifty 50 ended 55.35 points down at 10,633.30.&nbsp

Nifty bank index ended 1.4 percent lower and the Nifty PSU bank index dropped 2.95 percent.

Among the sectoral indices on BSE, oil and gas, IT, auto and telecom gained, while bankex, finance, realty and consumer durables declined most. On NSE, Nifty PSU Bank Index was down 2.95%. Mahindra, Bharti Airtel, Infosys and TCS were top gainers, whereas ICICI Bank, SBI, IndusInd Bank and Yes Bank were among the major losers.

On NSE, Nifty PSU Bank Index was down 2.95%. Mahindra, Bharti Airtel, Infosys and TCS were top gainers, whereas ICICI Bank, SBI, IndusInd Bank and Yes Bank were among the major losers.

Shares ended lower on Tuesday, snapping three sessions of gains, with lenders such as ICICI Bank Ltd and State Bank of India weighing on the indexes. BSE Sensex closed 216.24 points lower at 34,949.24, while the Nifty 50 ended 55.35 points down at 10,633.30. Nifty bank index ended 1.4 percent lower and the Nifty PSU bank index dropped 2.95 percent. Among the sectoral indices on BSE, oil and gas, IT, auto and telecom gained, while bankex, finance, realty and consumer durables declined most. On NSE, Nifty PSU Bank Index was down 2.95%. Mahindra, Bharti Airtel, Infosys and TCS were top gainers, whereas ICICI Bank, SBI, IndusInd Bank and Yes Bank were among the major losers.

Sensex slips below 35,000, Nifty settles at 10,633 due to banking stocks

The BSE Sensex slipped almost 61 points in opening trade today on heavy selling in metals, realty, energy and auto stocks amid sustained capital outflows by foreign funds.

Asian shares drifted lower after US President Donald Trump said he was not satisfied with bilateral trade talks with China that occurred last week.&nbsp

Meanwhile, China announced on Tuesday that it would reduce tariffs on some vehicles to 15 per cent from as much as 25 per cent. Tariffs on certain automotive parts would also be cut.

The rupee deprecating against the dollar also dampened sentiment.

The 30-share index dropped 60.79 points or 0.17 per cent to 34,590.45. The gauge had gained 35.11 points in the previous session.

In similar fashion, the NSE Nifty fell 19.80 points, or 0.18 per cent to 10,516.90.

Sectoral indices led by metal, realty, oil and gas and auto were trading in the negative zone, falling up to 1.29 per cent.

Major losers were Tata Steel, IndusInd Bank, Dr Reddy's, Hero Motocorp, M&M, HDFC Ltd, Maruti Suzuki, Bajaj Auto, Asian Paints, Adani Ports, Bharti Airtel, Kotak Bank, HDFC Bank, Wipro, ONGC and RIL, falling up to 2.45 per cent.

Brokers said sentiment remained weak in the absence of any positive trigger amid sustained capital outflows.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,651.63 crore while domestic institutional investors (DIIs) bought shares worth Rs 1,496.83 crore yesterday, as per provisional data.

In the Asian region, Japan's Nikkei fell 1.08 per cent and Hong Kong's Hang Seng shed 1.08 per cent in early trade. China's Shanghai Composite index too was down 0.89 per cent.

The Dow Jones Industrial Average ended 0.72 per cent lower in yesterday's trade as uncertainty over trade policy and other geopolitical issues weighed on sentiment.&nbsp

There was heavy selling in metals, realty, energy and auto stocks

The BSE Sensex slipped almost 61 points in opening trade today on heavy selling in metals, realty, energy and auto stocks amid sustained capital outflows by foreign funds. Asian shares drifted lower after US President Donald Trump said he was not satisfied with bilateral trade talks with China that occurred last week. Meanwhile, China announced on Tuesday that it would reduce tariffs on some vehicles to 15 per cent from as much as 25 per cent. Tariffs on certain automotive parts would also be cut. The rupee deprecating against the dollar also dampened sentiment. The 30-share index dropped 60.79 points or 0.17 per cent to 34,590.45. The gauge had gained 35.11 points in the previous session. In similar fashion, the NSE Nifty fell 19.80 points, or 0.18 per cent to 10,516.90. Sectoral indices led by metal, realty, oil and gas and auto were trading in the negative zone, falling up to 1.29 per cent. Major losers were Tata Steel, IndusInd Bank, Dr Reddy's, Hero Motocorp, M&M, HDFC Ltd, Maruti Suzuki, Bajaj Auto, Asian Paints, Adani Ports, Bharti Airtel, Kotak Bank, HDFC Bank, Wipro, ONGC and RIL, falling up to 2.45 per cent. Brokers said sentiment remained weak in the absence of any positive trigger amid sustained capital outflows. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,651.63 crore while domestic institutional investors (DIIs) bought shares worth Rs 1,496.83 crore yesterday, as per provisional data. In the Asian region, Japan's Nikkei fell 1.08 per cent and Hong Kong's Hang Seng shed 1.08 per cent in early trade. China's Shanghai Composite index too was down 0.89 per cent. The Dow Jones Industrial Average ended 0.72 per cent lower in yesterday's trade as uncertainty over trade policy and other geopolitical issues weighed on sentiment.

Sensex slips 61 points in opening trade

Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's BS Yeddyurappa was <a href="http://www.wionews.com/india-news/live-natak-in-karnataka-continues-both-sides-to-meet-governor-mlas-report-poaching-attempts-137278">sworn in</a> as the chief minister of Karnataka.

Unabated buying by domestic institutional investors set the tone, brokers said.

BJP legislature party leader B S Yeddyurappa was today sworn in as the chief minister of Karnataka for the second time, after an overnight high-voltage legal battle in the Supreme Court.

The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions.

All the sectoral indices, led by consumer durables, realty, metal, power and banking, were in the green.

The NSE Nifty also jumped 36.15 points, or 0.33 per cent, to 10,777.25.

Major movers in the Sensex kitty included Coal India, Power Grid, Wipro, SBI, Kotak Bank, Sun Pharma, ICICI Bank, TCS, Infosys, M&M, L&T and Maruti Suzuki, rising up to 1.79 per cent.

Tata Steel, however, fell 0.83 per cent despite the company yesterday reporting a consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March, 2018.

Domestic institutional investors (DIIs) bought shares worth a net Rs 229.06 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 699.22 crore yesterday, as per provisional data.

In the rest of Asia, Japan's Nikkei rose 0.44 per cent, Hong Kong's Hang Seng inched up 0.01 per cent, while Shanghai Composite Index shed 0.35 per cent in early deals.

The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday as retailers results and solid economic data boosted confidence in the American economy.&nbsp

Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's BS Yeddyurappa was sworn in as the chief minister of Karnataka

Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's BS Yeddyurappa was sworn in as the chief minister of Karnataka. Unabated buying by domestic institutional investors set the tone, brokers said. BJP legislature party leader B S Yeddyurappa was today sworn in as the chief minister of Karnataka for the second time, after an overnight high-voltage legal battle in the Supreme Court. The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions. All the sectoral indices, led by consumer durables, realty, metal, power and banking, were in the green. The NSE Nifty also jumped 36.15 points, or 0.33 per cent, to 10,777.25. Major movers in the Sensex kitty included Coal India, Power Grid, Wipro, SBI, Kotak Bank, Sun Pharma, ICICI Bank, TCS, Infosys, M&M, L&T and Maruti Suzuki, rising up to 1.79 per cent. Tata Steel, however, fell 0.83 per cent despite the company yesterday reporting a consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March, 2018. Domestic institutional investors (DIIs) bought shares worth a net Rs 229.06 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 699.22 crore yesterday, as per provisional data. In the rest of Asia, Japan's Nikkei rose 0.44 per cent, Hong Kong's Hang Seng inched up 0.01 per cent, while Shanghai Composite Index shed 0.35 per cent in early deals. The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday as retailers results and solid economic data boosted confidence in the American economy.

Sensex climbs 122 points after Yeddyurappa is sworn in

The BSE Sensex rebounded by about 290 points today, while the Nifty retook the 10,800-mark on robust buying in metal, banking, capital goods and energy stocks.

A firm trend at other Asian markets and positive opening of European shares, tracking overnight gains at the Wall Street, also bolstered sentiments, brokers said.

The BSE Sensex stayed in the positive terrain throughout the session and hit a high of 35,596.15 before finishing at 35,535.79 -- a rise of 289.52 points, or 0.82 per cent.

The broader NSE Nifty scaled a high of 10,812.05 before closing 89.95 points, or 0.84 per cent, higher at 10,806.50.

On a weekly basis, the Sensex gained 620.41 points, or 1.78 per cent, while the Nifty advanced 188.25 points, or 1.77 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 900.69 crore, while foreign portfolio investors (FPIs) sold equities worth Rs 364.88 crore yesterday, as per provisional data. PTI&nbsp

The rise was pushed by robust buying in metal, banking, capital goods and energy stocks

The BSE Sensex rebounded by about 290 points today, while the Nifty retook the 10,800-mark on robust buying in metal, banking, capital goods and energy stocks. A firm trend at other Asian markets and positive opening of European shares, tracking overnight gains at the Wall Street, also bolstered sentiments, brokers said. The BSE Sensex stayed in the positive terrain throughout the session and hit a high of 35,596.15 before finishing at 35,535.79 -- a rise of 289.52 points, or 0.82 per cent. The broader NSE Nifty scaled a high of 10,812.05 before closing 89.95 points, or 0.84 per cent, higher at 10,806.50. On a weekly basis, the Sensex gained 620.41 points, or 1.78 per cent, while the Nifty advanced 188.25 points, or 1.77 per cent. Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 900.69 crore, while foreign portfolio investors (FPIs) sold equities worth Rs 364.88 crore yesterday, as per provisional data. PTI

Sensex surges 290 pts, Nifty tops 10,800-mark

Rising for the third straight session, the BSE Sensex advanced by 103 points to end at 35,319.35 today as healthy buying in frontline stocks offset lacklustre global cues.

IT counters spurted after the rupee hit fresh 15-month lows against the US dollar.&nbsp

The 30-share barometer opened weak and hit a low of 35,134.20 on profit-booking in recent gainers amid sustained outflows by foreign funds.

However, it soon recovered to touch the day's high of 35,404.83, before finally ending at 35,319.35 -- up 103.03 points, or 0.29 per cent.

The index had risen 300.94 points in the past two sessions.

The 50-share NSE Nifty too moved in a wide range on hectic selling and buying and finally closed 23.90 points, or 0.22 per cent, higher at 10,741.70. Intra-day, it hovered between 10,689.85 and 10,766.25.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 923.25 crore while foreign institutional investors (FIIs) sold shares to the tune of Rs 97.15 crore in yesterday's trade, provisional data showed.&nbsp

Crude oil climbed to the highest level since late 2014 at USD 77.07 a barrel after US President Donald Trump abandoned an international nuclear deal with Iran, likely curbing the OPEC member's crude exports in an already tight market.&nbsp

The Sensex ended at 35,319.35 as healthy buying in frontline stocks offset lacklustre global cues

Rising for the third straight session, the BSE Sensex advanced by 103 points to end at 35,319.35 today as healthy buying in frontline stocks offset lacklustre global cues. IT counters spurted after the rupee hit fresh 15-month lows against the US dollar. The 30-share barometer opened weak and hit a low of 35,134.20 on profit-booking in recent gainers amid sustained outflows by foreign funds. However, it soon recovered to touch the day's high of 35,404.83, before finally ending at 35,319.35 -- up 103.03 points, or 0.29 per cent. The index had risen 300.94 points in the past two sessions. The 50-share NSE Nifty too moved in a wide range on hectic selling and buying and finally closed 23.90 points, or 0.22 per cent, higher at 10,741.70. Intra-day, it hovered between 10,689.85 and 10,766.25. Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 923.25 crore while foreign institutional investors (FIIs) sold shares to the tune of Rs 97.15 crore in yesterday's trade, provisional data showed. Crude oil climbed to the highest level since late 2014 at USD 77.07 a barrel after US President Donald Trump abandoned an international nuclear deal with Iran, likely curbing the OPEC member's crude exports in an already tight market.

Sensex ends higher for third day, up 103 points

Stocks weathered yet another choppy session today to end with modest gains as participants chose to book profits amid elevated global crude oil prices and geopolitical uncertainties.

ICICI Bank was the star performer in today's session, comfortably topping the gainers' list by surging nearly 7 per cent.

The private sector lender on Monday reported a 45 per cent drop in March quarter net profit following a spike in bad loans due to changes in asset classification norms.

However, investors took heart from the management's commentary that the bulk of the bad loans problem is behind it and the focus now shifts to recoveries and resolution, brokers said.&nbsp

Global crude oil prices hovered above the USD 75 per barrel mark on uncertainties over the US re-imposing sanctions on Iran, fanning fears of a supply disruption.

The 30-share Sensex opened positive and advanced to the session's high of 35,388.87. However, profit-booking by investors ahead of Karnataka elections this week trimmed the gains, with the gauge sinking to the day's low of 35,136.01.

It finally settled 8.18 points or 0.02 per cent higher at 35,216.32. 
 
The NSE Nifty, after hitting a high of 10,758.55, closed at 10,717.80, up just 2.30 points, or 0.02 per cent. It touched a low of 10,689.40 intra-day.

Meanwhile, domestic institutional investors (DIIs) net bought shares worth Rs 1,037.23 crore, while foreign portfolio investors (FPIs) sold equities worth Rs 635.24 crore yesterday, provisional data showed.

"Market turned volatile as investors are concerned on the movement of rupee and surge in oil price which could eventually lead to tight monetary policy.&nbsp

"Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets. Continued outflow of foreign money will keep rupee on tenterhook while increasing GST collection and RBIs open market operation may soften the volatility," said Vinod Nair, Head of Research, Geojit Financial Services.

In the Sensex pack, ICICI Bank emerged on top with a rise of 6.86 per cent, followed by SBI 1.42 per cent and Axis Bank 1.18 per cent.

Other winners were Power Grid 1.14 per cent, Bharti Airtel 0.69 per cent, NTPC 0.47 per cent, TCS 0.39 per cent, Maruti Suzuki 0.37 per cent, Coal India 0.34 per cent, Adani Port 0.29 per cent, ITC 0.16 per cent, Dr

Reddy's 0.15 per cent and HUL 0.13 per cent.

On the other hand, M&M fell 2.26 per cent, IndusInd Bank 1.78 per cent, L&T 1.70 per cent, Infosys 1.52 per cent, Yes Bank 1.19 per cent, Tata Motors 0.88 per cent, Bajaj Auto 0.87 per cent, HDFC Bank 0.75 per cent,

Wipro 0.67 per cent, Asian Paints 0.60 per cent, HDFC 0.48 per cent, RIL 0.43 per cent, Sun Pharma O.40 per cent, ONGC 0.35 per cent and Kotak Mahindra Bank 0.25 per cent.

Sector-wise, bankex index spurted 1.32 per cent, followed by realty 1.06 per cent, PSU by 0.80 per cent, oil and gas 0.36 per cent, FMCG 0.19 per cent and Power 0.17 per cent.

However, capital goods slipped 0.85 per cent, consumer durables 0.81 per cent, teck 0.57 per cent, IT 0.53 per cent, auto 0.42 per cent, infrastructure 0.19 per cent, healthcare 0.18 per cent and metal 0.16 per cent.

Broader markets showed a mixed trend. The S&P BSE Small-Cap index inched up 0.10 per cent while the mid-cap index shed 0.10 per cent.

Asian markets closed mostly higher following firm leads from Wall Street overnight.

However, European shares opened broadly flat as investors prepared for President Donald Trump's decision on whether to withdraw the US from the Iran nuclear deal.

Brent crude futures, the international benchmark for oil prices, shed 0.85 per cent to USD 75.52 a barrel.

Hong Kong's Hang Seng rose 1.36 per cent, Shanghai Composite Index gained 0.79 per cent and Japan's Nikkei ended 0.18 per cent higher.

In Europe, Paris CAC declined 0.42 per cent, while Frankfurt's DAX traded lower by 0.44 per cent in early deals. London's FTSE, however, was up 0.08 per cent. PTI

ICICI Bank was the star performer in today's session, comfortably topping the gainers' list by surging nearly 7 per cent, despite announcing a 45% drop in Q4 profits on Monday

Stocks weathered yet another choppy session today to end with modest gains as participants chose to book profits amid elevated global crude oil prices and geopolitical uncertainties. ICICI Bank was the star performer in today's session, comfortably topping the gainers' list by surging nearly 7 per cent. The private sector lender on Monday reported a 45 per cent drop in March quarter net profit following a spike in bad loans due to changes in asset classification norms. However, investors took heart from the management's commentary that the bulk of the bad loans problem is behind it and the focus now shifts to recoveries and resolution, brokers said. Global crude oil prices hovered above the USD 75 per barrel mark on uncertainties over the US re-imposing sanctions on Iran, fanning fears of a supply disruption. The 30-share Sensex opened positive and advanced to the session's high of 35,388.87. However, profit-booking by investors ahead of Karnataka elections this week trimmed the gains, with the gauge sinking to the day's low of 35,136.01. It finally settled 8.18 points or 0.02 per cent higher at 35,216.32. The NSE Nifty, after hitting a high of 10,758.55, closed at 10,717.80, up just 2.30 points, or 0.02 per cent. It touched a low of 10,689.40 intra-day. Meanwhile, domestic institutional investors (DIIs) net bought shares worth Rs 1,037.23 crore, while foreign portfolio investors (FPIs) sold equities worth Rs 635.24 crore yesterday, provisional data showed. "Market turned volatile as investors are concerned on the movement of rupee and surge in oil price which could eventually lead to tight monetary policy. "Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets. Continued outflow of foreign money will keep rupee on tenterhook while increasing GST collection and RBIs open market operation may soften the volatility," said Vinod Nair, Head of Research, Geojit Financial Services. In the Sensex pack, ICICI Bank emerged on top with a rise of 6.86 per cent, followed by SBI 1.42 per cent and Axis Bank 1.18 per cent. Other winners were Power Grid 1.14 per cent, Bharti Airtel 0.69 per cent, NTPC 0.47 per cent, TCS 0.39 per cent, Maruti Suzuki 0.37 per cent, Coal India 0.34 per cent, Adani Port 0.29 per cent, ITC 0.16 per cent, Dr Reddy's 0.15 per cent and HUL 0.13 per cent. On the other hand, M&M fell 2.26 per cent, IndusInd Bank 1.78 per cent, L&T 1.70 per cent, Infosys 1.52 per cent, Yes Bank 1.19 per cent, Tata Motors 0.88 per cent, Bajaj Auto 0.87 per cent, HDFC Bank 0.75 per cent, Wipro 0.67 per cent, Asian Paints 0.60 per cent, HDFC 0.48 per cent, RIL 0.43 per cent, Sun Pharma O.40 per cent, ONGC 0.35 per cent and Kotak Mahindra Bank 0.25 per cent. Sector-wise, bankex index spurted 1.32 per cent, followed by realty 1.06 per cent, PSU by 0.80 per cent, oil and gas 0.36 per cent, FMCG 0.19 per cent and Power 0.17 per cent. However, capital goods slipped 0.85 per cent, consumer durables 0.81 per cent, teck 0.57 per cent, IT 0.53 per cent, auto 0.42 per cent, infrastructure 0.19 per cent, healthcare 0.18 per cent and metal 0.16 per cent. Broader markets showed a mixed trend. The S&P BSE Small-Cap index inched up 0.10 per cent while the mid-cap index shed 0.10 per cent. Asian markets closed mostly higher following firm leads from Wall Street overnight. However, European shares opened broadly flat as investors prepared for President Donald Trump's decision on whether to withdraw the US from the Iran nuclear deal. Brent crude futures, the international benchmark for oil prices, shed 0.85 per cent to USD 75.52 a barrel. Hong Kong's Hang Seng rose 1.36 per cent, Shanghai Composite Index gained 0.79 per cent and Japan's Nikkei ended 0.18 per cent higher. In Europe, Paris CAC declined 0.42 per cent, while Frankfurt's DAX traded lower by 0.44 per cent in early deals. London's FTSE, however, was up 0.08 per cent. PTI

Markets end flat as investors pocket gains; ICICI Bank shines

The BSE Sensex surged 293 points today to close at an over three-month high of 35,208.14 while the broader Nifty recaptured the 10,700-mark as investors piled into recently-battered metal, energy, realty and banking stocks amid mixed global cues.

Fresh buying by domestic institutional investors added to the momentum.&nbsp

The BSE benchmark Sensex opened higher at 34,983.59 and hovered in a range of 35,259.81 to 34,977.74 before finishing at 35,208.14, showing a gain of 292.76 points or 0.84 per cent.&nbsp

This is its highest closing since February 1, 2018, when it had finished at 35,906.66.

The gauge had lost 261.04 points in the previous two sessions.

The NSE 50-share Nifty also gained 97.25 points, or 0.92 per cent, to 10,715.50 after shuttling between 10,725.65 and 10,635.65.

Meanwhile, domestic institutional investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore on Friday, provisional data showed.

Asian markets ended mixed despite a strong closing on Wall Street as investors digested last week's trade talks between the US and China, while US jobs data eased fears of faster rate hike by the Federal Reserve.

However, US crude topped the USD 75 mark for the first time since 2014. Crude oil prices rose by 0.75 per cent to USD 75.43 a barrel.&nbsp

The Nifty closed over the 10,700 mark. Fresh buying by domestic institutional investors added to the momentum

The BSE Sensex surged 293 points today to close at an over three-month high of 35,208.14 while the broader Nifty recaptured the 10,700-mark as investors piled into recently-battered metal, energy, realty and banking stocks amid mixed global cues. Fresh buying by domestic institutional investors added to the momentum. The BSE benchmark Sensex opened higher at 34,983.59 and hovered in a range of 35,259.81 to 34,977.74 before finishing at 35,208.14, showing a gain of 292.76 points or 0.84 per cent. This is its highest closing since February 1, 2018, when it had finished at 35,906.66. The gauge had lost 261.04 points in the previous two sessions. The NSE 50-share Nifty also gained 97.25 points, or 0.92 per cent, to 10,715.50 after shuttling between 10,725.65 and 10,635.65. Meanwhile, domestic institutional investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore on Friday, provisional data showed. Asian markets ended mixed despite a strong closing on Wall Street as investors digested last week's trade talks between the US and China, while US jobs data eased fears of faster rate hike by the Federal Reserve. However, US crude topped the USD 75 mark for the first time since 2014. Crude oil prices rose by 0.75 per cent to USD 75.43 a barrel.

Sensex surges 293 points, closes over 35,000 mark

Oil prices on Thursday remained close to highs touched the previous day that were last seen in late 2014, buoyed as U.S. crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.&nbspBrent crude oil futures were at $73.79 per barrel at 0028 GMT, up 31 cents, or 0.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were up 29 cents, or 0.4 percent, at $68.76 a barrel.&nbspBrent on Wednesday marked its highest level since November, 2014 at $73.93 per barrel. WTI hit its strongest since December, 2014 at $68.91 a barrel.

Reuters reported on Wednesday that top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, which was seen as a sign that Riyadh will seek no changes to an OPEC supply-cutting deal that was introduced in 2017 to boost prices.

“The Saudis and their colleagues in OPEC need higher oil for their fiscal positions and the Kingdom is on a bold – and costly – reform programme. So they might continue to squeeze the lemon while they have the chance,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

Led by Saudi Arabia, the Organization of the Petroleum Exporting Countries (OPEC) and a group of other producers that includes Russia started to withhold output in 2017 to rein in oversupply that had depressed prices since 2014.

Since the start of the voluntary restraint, crude inventories have been gradually declining from record levels towards long-term average levels.&nbspFurther supporting oil prices is an expectation that the United States will re-introduce sanctions against OPEC-member Iran, which could result in further supply reductions from the Middle East.

In the United States, the Energy Information Administration (EIA) said on Wednesday that commercial crude stocks fell by 1.1 million barrels in the week to April 13, to 427.57 million barrels, which is close to the five-year average level around 420 million barrels.

With crude prices on the rise, those producers not participating in voluntary restraint are ramping up output.&nbspU.S. crude production &ltC-OUT-T-EIA&gt has jumped by a quarter since mid-2016, to a record 10.54 million barrels per day (bpd).&nbspThat’s more than Saudi Arabia produces. Only Russia churns out more oil, at almost 11 million bpd.

Oil prices on Thursday remained close to highs touched the previous day that were last seen in late 2014, buoyed as U.S. crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.

Oil prices on Thursday remained close to highs touched the previous day that were last seen in late 2014, buoyed as U.S. crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.&nbspBrent crude oil futures were at $73.79 per barrel at 0028 GMT, up 31 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 29 cents, or 0.4 percent, at $68.76 a barrel.&nbspBrent on Wednesday marked its highest level since November, 2014 at $73.93 per barrel. WTI hit its strongest since December, 2014 at $68.91 a barrel. Reuters reported on Wednesday that top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, which was seen as a sign that Riyadh will seek no changes to an OPEC supply-cutting deal that was introduced in 2017 to boost prices. “The Saudis and their colleagues in OPEC need higher oil for their fiscal positions and the Kingdom is on a bold – and costly – reform programme. So they might continue to squeeze the lemon while they have the chance,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader. Led by Saudi Arabia, the Organization of the Petroleum Exporting Countries (OPEC) and a group of other producers that includes Russia started to withhold output in 2017 to rein in oversupply that had depressed prices since 2014. Since the start of the voluntary restraint, crude inventories have been gradually declining from record levels towards long-term average levels.&nbspFurther supporting oil prices is an expectation that the United States will re-introduce sanctions against OPEC-member Iran, which could result in further supply reductions from the Middle East. In the United States, the Energy Information Administration (EIA) said on Wednesday that commercial crude stocks fell by 1.1 million barrels in the week to April 13, to 427.57 million barrels, which is close to the five-year average level around 420 million barrels. With crude prices on the rise, those producers not participating in voluntary restraint are ramping up output.&nbspU.S. crude production &ltC-OUT-T-EIA> has jumped by a quarter since mid-2016, to a record 10.54 million barrels per day (bpd).&nbspThat’s more than Saudi Arabia produces. Only Russia churns out more oil, at almost 11 million bpd.

Oil near late-2014 highs as Saudi pushes for higher prices, US crude stocks decline

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets. Brent crude futures climbed another 34 cents in early trade to $73.82 a barrel, adding to a 2.7 percent jump overnight. U.S. crude gained 30 cents to $68.77.

The surge came on a Reuters report that OPEC’s new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement’s original target is within sight.

“The Saudis and their colleagues in OPEC need higher oil for their fiscal positions and the Kingdom is on a bold – and costly – reform program,” said Greg McKenna, chief market strategist at CFD and FX provider AxiTrader. “So, they might continue to squeeze the lemon while they have the chance and the hand.”

The leap in oil combined with fears that sanctions on Russia could hit supplies of other commodities to light a fire under the entire sector. Aluminium prices reached their highest since 2011, alumina touched an all-time peak and nickel jumped the most in 6-1/2 years. Such increases, if sustained, could fuel inflationary pressures and investors hedged by selling sovereign bonds.

Yields on U.S. two-year Treasuries climbed to levels last visited in 2008 at 2.43 percent while 10-year yields jumped 6 basis points to 2.87 percent. Resource stocks were the big winners driving Australia’s main index up 0.6 percent. Japan’s Nikkei gained 0.4 percent, led by a 1.8 percent rise in basic material stocks.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent, while E-Mini futures for the S&P 500 edged up 0.1 percent. Wall Street had also seen hefty gains in the energy and industrial indexes, though that was offset by softness in sectors such as consumer staples and financials.

IBM’s 7.5 percent drop was the biggest drag on the S&P after the technology company’s quarterly profit margins missed Wall Street targets. The Dow ended down 0.16 percent, while the S&P 500 gained 0.08 percent and the Nasdaq 0.19 percent.

In currency markets, the U.S. dollar remained very much range bound with its index flat at 89.623. It was a fraction firmer on the yen at 107.33 yen, but still short of recent peaks at 107.78. The euro hovered at $1.2379, after easing from the week’s top of $1.2413.

The Canadian dollar hit a one-week low after the Bank of Canada sounded more dovish than expected, saying it did not know when or how aggressive it would need to be on tightening in order to keep inflation in check.

Sterling was softer at $1.4205 after a surprisingly tame reading on inflation led the market to reconsider the likely pace of future rate rises from the Bank of England. Data out on New Zealand on Thursday showed annual inflation there had slowed to just 1.1 percent in the first quarter, underlining expectations that interest rates would remain at record lows for many more months to come.

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets.

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets. Brent crude futures climbed another 34 cents in early trade to $73.82 a barrel, adding to a 2.7 percent jump overnight. U.S. crude gained 30 cents to $68.77. The surge came on a Reuters report that OPEC’s new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement’s original target is within sight. “The Saudis and their colleagues in OPEC need higher oil for their fiscal positions and the Kingdom is on a bold – and costly – reform program,” said Greg McKenna, chief market strategist at CFD and FX provider AxiTrader. “So, they might continue to squeeze the lemon while they have the chance and the hand.” The leap in oil combined with fears that sanctions on Russia could hit supplies of other commodities to light a fire under the entire sector. Aluminium prices reached their highest since 2011, alumina touched an all-time peak and nickel jumped the most in 6-1/2 years. Such increases, if sustained, could fuel inflationary pressures and investors hedged by selling sovereign bonds. Yields on U.S. two-year Treasuries climbed to levels last visited in 2008 at 2.43 percent while 10-year yields jumped 6 basis points to 2.87 percent. Resource stocks were the big winners driving Australia’s main index up 0.6 percent. Japan’s Nikkei gained 0.4 percent, led by a 1.8 percent rise in basic material stocks. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent, while E-Mini futures for the S&P 500 edged up 0.1 percent. Wall Street had also seen hefty gains in the energy and industrial indexes, though that was offset by softness in sectors such as consumer staples and financials. IBM’s 7.5 percent drop was the biggest drag on the S&P after the technology company’s quarterly profit margins missed Wall Street targets. The Dow ended down 0.16 percent, while the S&P 500 gained 0.08 percent and the Nasdaq 0.19 percent. In currency markets, the U.S. dollar remained very much range bound with its index flat at 89.623. It was a fraction firmer on the yen at 107.33 yen, but still short of recent peaks at 107.78. The euro hovered at $1.2379, after easing from the week’s top of $1.2413. The Canadian dollar hit a one-week low after the Bank of Canada sounded more dovish than expected, saying it did not know when or how aggressive it would need to be on tightening in order to keep inflation in check. Sterling was softer at $1.4205 after a surprisingly tame reading on inflation led the market to reconsider the likely pace of future rate rises from the Bank of England. Data out on New Zealand on Thursday showed annual inflation there had slowed to just 1.1 percent in the first quarter, underlining expectations that interest rates would remain at record lows for many more months to come.

Global stocks: Resource stocks rally as oil surges, bonds suffer

&nbspShares of IT major Infosys rose by over 1 per cent today ahead of its fourth-quarter results to be announced later in the day.

The scrip after making a positive opening further gained 1.35 per cent to Rs 1,177.95 on BSE.

At NSE, shares of the company went up by 1.33 per cent to Rs 1,178.15.

In terms of equity volume, 1.41 lakh shares of the company were traded on BSE, and over 43 lakh shares changed hands at NSE during the morning trade.

At NSE, shares of the company went up by 1.33 per cent to Rs 1,178.15.

&nbspShares of IT major Infosys rose by over 1 per cent today ahead of its fourth-quarter results to be announced later in the day. The scrip after making a positive opening further gained 1.35 per cent to Rs 1,177.95 on BSE. At NSE, shares of the company went up by 1.33 per cent to Rs 1,178.15. In terms of equity volume, 1.41 lakh shares of the company were traded on BSE, and over 43 lakh shares changed hands at NSE during the morning trade.

Ahead of fourth-quarter results, Infosys stocks rise

Rising for the fifth straight session, market benchmark Sensex gained 60 points to end at 33,940 in see-saw trade today, led by gains in metal, IT and consumer durables counters amid mixed Asian cues.

Sustained buying by domestic institutional investors (DIIs) and a mixed trend at other Asian bourses following overnight gains at the Wall Street helped key indices close in the positive zone, brokers said.

Investors are focusing on key macroeconomic data, including retail inflation and industrial production numbers due tomorrow and corporate results starting Friday.

The 30-share Sensex resumed higher and advanced to 33,981.54, but soon slipped on profit-taking to touch a low of 33,750.74, before settling up 60.19 points, or 0.18 per cent, at 33,940.44.

The gauge had gained 861.18 points in the previous four sessions.

The NSE 50-share index, after moving between 10,428.15 and 10,355.60 on alternate bouts of selling and buying, finally concluded at 10,417.15, up 14.90 points, or 0.14 per cent.

DIIs were net buyers as they bought shares worth Rs 653.65 crore yesterday, while foreign portfolio investors (FPIs) sold to the tune of Rs 684.99 crore, provisional data showed.&nbsp;

The Sensex gained 60 points to end at 33,940. The rise was led by gains in metal, IT and consumer durables

Rising for the fifth straight session, market benchmark Sensex gained 60 points to end at 33,940 in see-saw trade today, led by gains in metal, IT and consumer durables counters amid mixed Asian cues. Sustained buying by domestic institutional investors (DIIs) and a mixed trend at other Asian bourses following overnight gains at the Wall Street helped key indices close in the positive zone, brokers said. Investors are focusing on key macroeconomic data, including retail inflation and industrial production numbers due tomorrow and corporate results starting Friday. The 30-share Sensex resumed higher and advanced to 33,981.54, but soon slipped on profit-taking to touch a low of 33,750.74, before settling up 60.19 points, or 0.18 per cent, at 33,940.44. The gauge had gained 861.18 points in the previous four sessions. The NSE 50-share index, after moving between 10,428.15 and 10,355.60 on alternate bouts of selling and buying, finally concluded at 10,417.15, up 14.90 points, or 0.14 per cent. DIIs were net buyers as they bought shares worth Rs 653.65 crore yesterday, while foreign portfolio investors (FPIs) sold to the tune of Rs 684.99 crore, provisional data showed.

Volatile trade, but Sensex ends higher for fifth straight day

Indian equities after trading range-bound for a better part of today's session finally ended higher, with banking shares leading the way after the RBI allowed lenders to spread provisions for bond losses over the next four quarters.

Both benchmark indices Sensex and Nifty managed to close higher for the second straight session following a fag-end rush for buying stocks.

The 30-share Sensex ended with a gain of 115.27 points and the broader Nifty closed 33.20 points higher.

Besides banks, auto, PSU and power stocks led the rally on bourses, despite weak global cues.

Banking shares gained after the Reserve Bank allowed lenders to spread provisions for bond losses in the third and fourth quarters of the previous fiscal over the next four quarters. 
 
Also, the appreciating rupee against the US dollar supported the market uptrend.

"Market traded range-bound throughout the day due to volatility in the global market. But towards the close, pace picked up supported by moderation in yield and growth in core sector. Yield declined amid central bank allowing the banks to spread their bond trading losses which gave a positive sentiment to banking stocks...," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said.

Investors are gradually shifting focus to upcoming Q4 results and RBI policy outcome which will dictate the market outlook in the near term, he added.

The Sensex today resumed lower and slipped further to hit a low of 33,153.83 on a bearish trend in other Asian markets, tracking overnight losses at the Wall Street on weakness in technology shares and trade tension between the US and China.

Later towards the fag-end, it staged a comeback to recover losses to scale a day's high of 33,402.94, before settling 115.27 points, or 0.35 per cent, higher at 33,370.63.

The gauge had gained 286.68 points in the first session of the new fiscal yesterday.

The 50-share Nifty after moving between 10,171.05 and 10,255.35 on alternate bouts of selling and buying, concluded 33.20 points, or 0.33 per cent, higher at 10,245.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 413.16 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 689.75 crore yesterday, provisional data released by the stock exchanges showed.

Shares of Bank of India rose 3.11 per cent, followed by Syndicate Bank 2.75 per cent, Bank of Baroda 2.29 per cent, Indian Bank 2.44 per cent, UCO Bank 1.60 per cent, State Bank of India 1.60 per cent and Bank of Maharashtra 1.82 per cent on the BSE.

Other gainers were Power Grid 1.93 per cent, Bharti Airtel 1.83 per cent, Tata Motors 1.34 per cent, Reliance Industries 0.68 per cent, Asian Paints 0.64 per cent and Sun Pharma 0.48 per cent.

Other banks like Yes Bank, IndusInd Bank, Axis Bank and Kotak Bank also ended in the positive zone, rising by up to 2.11 per cent.

Among the losers were: Wipro 2.02 per cent, ONGC 1.28 per cent, Adani Ports 0.86 per cent, HDFC Bank 0.74 per cent, Bajaj Auto 0.60 per cent, NTPC 0.47 per cent and L&T 0.46 per cent on profit-booking.

In the BSE sectoral pool, power index stayed on top, up 1.57 per cent, followed by infrastructure by 1.17 per cent, PSU by 1.11 per cent, bankex by 1.08 per cent, auto by 0.85 per cent, healthcare by 0.67 per cent, oil and gas 0.62 per cent, metal 0.49 per cent and realty 0.48 per cent.

Broader markets beat the benchmarks, with the small-cap index firming up 1.35 per cent and mid-cap 0.92 per cent.

In Asia, Japan's Nikkei was down 0.45 per cent and Shanghai's Composite Index shed 0.84 per cent, while Hong Kong's Hang Seng gained 0.29 per cent.

In the euro zone, Frankfurt's DAX fell 1.41 per cent, while Paris CAC shed 0.85 per cent in early deals. London's FTSE down 0.72 per cent.

Both benchmark indices Sensex and Nifty managed to close higher for the second straight session following a fag-end rush for buying stocks

Indian equities after trading range-bound for a better part of today's session finally ended higher, with banking shares leading the way after the RBI allowed lenders to spread provisions for bond losses over the next four quarters. Both benchmark indices Sensex and Nifty managed to close higher for the second straight session following a fag-end rush for buying stocks. The 30-share Sensex ended with a gain of 115.27 points and the broader Nifty closed 33.20 points higher. Besides banks, auto, PSU and power stocks led the rally on bourses, despite weak global cues. Banking shares gained after the Reserve Bank allowed lenders to spread provisions for bond losses in the third and fourth quarters of the previous fiscal over the next four quarters. Also, the appreciating rupee against the US dollar supported the market uptrend. "Market traded range-bound throughout the day due to volatility in the global market. But towards the close, pace picked up supported by moderation in yield and growth in core sector. Yield declined amid central bank allowing the banks to spread their bond trading losses which gave a positive sentiment to banking stocks...," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said. Investors are gradually shifting focus to upcoming Q4 results and RBI policy outcome which will dictate the market outlook in the near term, he added. The Sensex today resumed lower and slipped further to hit a low of 33,153.83 on a bearish trend in other Asian markets, tracking overnight losses at the Wall Street on weakness in technology shares and trade tension between the US and China. Later towards the fag-end, it staged a comeback to recover losses to scale a day's high of 33,402.94, before settling 115.27 points, or 0.35 per cent, higher at 33,370.63. The gauge had gained 286.68 points in the first session of the new fiscal yesterday. The 50-share Nifty after moving between 10,171.05 and 10,255.35 on alternate bouts of selling and buying, concluded 33.20 points, or 0.33 per cent, higher at 10,245. Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 413.16 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 689.75 crore yesterday, provisional data released by the stock exchanges showed. Shares of Bank of India rose 3.11 per cent, followed by Syndicate Bank 2.75 per cent, Bank of Baroda 2.29 per cent, Indian Bank 2.44 per cent, UCO Bank 1.60 per cent, State Bank of India 1.60 per cent and Bank of Maharashtra 1.82 per cent on the BSE. Other gainers were Power Grid 1.93 per cent, Bharti Airtel 1.83 per cent, Tata Motors 1.34 per cent, Reliance Industries 0.68 per cent, Asian Paints 0.64 per cent and Sun Pharma 0.48 per cent. Other banks like Yes Bank, IndusInd Bank, Axis Bank and Kotak Bank also ended in the positive zone, rising by up to 2.11 per cent. Among the losers were: Wipro 2.02 per cent, ONGC 1.28 per cent, Adani Ports 0.86 per cent, HDFC Bank 0.74 per cent, Bajaj Auto 0.60 per cent, NTPC 0.47 per cent and L&T 0.46 per cent on profit-booking. In the BSE sectoral pool, power index stayed on top, up 1.57 per cent, followed by infrastructure by 1.17 per cent, PSU by 1.11 per cent, bankex by 1.08 per cent, auto by 0.85 per cent, healthcare by 0.67 per cent, oil and gas 0.62 per cent, metal 0.49 per cent and realty 0.48 per cent. Broader markets beat the benchmarks, with the small-cap index firming up 1.35 per cent and mid-cap 0.92 per cent. In Asia, Japan's Nikkei was down 0.45 per cent and Shanghai's Composite Index shed 0.84 per cent, while Hong Kong's Hang Seng gained 0.29 per cent. In the euro zone, Frankfurt's DAX fell 1.41 per cent, while Paris CAC shed 0.85 per cent in early deals. London's FTSE down 0.72 per cent.

Sensex rises for 2nd day; banks rally on RBI breather

The benchmark BSE Sensex rose over 100 points in early trade today, extending gains for the third session after US Federal Reserve announced the widely-expected hike in key lending rate.

The 30-share index was trading 102.07 points, or 0.31 per cent, higher to 33,238.25. The gauge had gained 213.06 points in the previous two sessions.

Sectoral indices, led by healthcare, metal, capital goods, oil &amp; gas infrastructure, auto and FMCG, gained up to 0.57 per cent. 
The NSE Nifty also advanced by 32.70 points, or 0.32 per cent, to 10,187.95.

Major gainers that supported the uptrend were ONGC, Sun Pharma, Tata Motors, Reliance Industries, ITC, Tata Steel and L&amp;T, rising up to 3.05 per cent.

Brokers said sustained foreign fund inflows, increased buying by domestic institutional investors (DIIs) and a mixed trend in other Asian bourses, after the Fed rate hike, influenced the market. 
An appreciating rupee against the dollar also supported investor sentiment, they said.

Meanwhile, on a net basis, foreign institutional investors (FIIs) bought shares worth Rs 98.44 crore, while DIIs purchases equities to the tune of Rs 197.78 crore yesterday, provisional data showed. 
Among other Asian markets, Japan&#39;s Nikkei was trading higher by 0.38 per cent, while Hong Kong&#39;s Hang Seng fell 0.61 per cent in their early deals. The Shanghai Composite index was down by 0.93 per cent.

The US Dow Jones Industrial Average ended 0.18 per cent lower in yesterday&#39;s trade.

The 30-share index was trading 102.07 points, or 0.31 per cent, higher to 33,238.25. The gauge had gained 213.06 points in the previous two sessions

The benchmark BSE Sensex rose over 100 points in early trade today, extending gains for the third session after US Federal Reserve announced the widely-expected hike in key lending rate. The 30-share index was trading 102.07 points, or 0.31 per cent, higher to 33,238.25. The gauge had gained 213.06 points in the previous two sessions. Sectoral indices, led by healthcare, metal, capital goods, oil & gas infrastructure, auto and FMCG, gained up to 0.57 per cent. The NSE Nifty also advanced by 32.70 points, or 0.32 per cent, to 10,187.95. Major gainers that supported the uptrend were ONGC, Sun Pharma, Tata Motors, Reliance Industries, ITC, Tata Steel and L&T, rising up to 3.05 per cent. Brokers said sustained foreign fund inflows, increased buying by domestic institutional investors (DIIs) and a mixed trend in other Asian bourses, after the Fed rate hike, influenced the market. An appreciating rupee against the dollar also supported investor sentiment, they said. Meanwhile, on a net basis, foreign institutional investors (FIIs) bought shares worth Rs 98.44 crore, while DIIs purchases equities to the tune of Rs 197.78 crore yesterday, provisional data showed. Among other Asian markets, Japan's Nikkei was trading higher by 0.38 per cent, while Hong Kong's Hang Seng fell 0.61 per cent in their early deals. The Shanghai Composite index was down by 0.93 per cent. The US Dow Jones Industrial Average ended 0.18 per cent lower in yesterday's trade.

Sensex rises over 100 points, Nifty nears 10,200

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

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

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

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

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

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

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

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

Shares of Punjab National Bank (PNB) plummeted by over 12 per cent today after it said that the alleged fraud committed by jewellers Nirav Modi and Mehul Choksi may be around $2 billion, over $204 million more than previously estimated.

The stock dropped 12.11 per cent to end at Rs 98.35 on BSE. During the day, it tumbled 14.11 per cent to Rs 96.10 -- its 52-week low.

On NSE, the stock plunged 12.18 per cent to close at Rs 98.35.

In terms of equity volume, 149.07 lakh shares of the company were traded on BSE and over 20 crore shares changed hands on NSE.

The stock has been falling for four straight sessions, down 16 per cent. In these four days, Rs 4,547.35 crore in the bank&#39;s market value has been eroded.

&quot;PNB issue continued to impact the PSU banks and its effect was seen in the broad market as well,&quot; said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

In a late night filing to stock exchanges, the state-owned lender said that &quot;the quantum of reported unauthorised transactions can increase by USD 204.25 million.&quot;

The bank had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion). Adding another Rs 1,323 crore would take this to Rs 12,717 crore.&nbsp;

&nbsp;

The stock dropped 12.11 per cent to end at Rs 98.35 on BSE

Shares of Punjab National Bank (PNB) plummeted by over 12 per cent today after it said that the alleged fraud committed by jewellers Nirav Modi and Mehul Choksi may be around $2 billion, over $204 million more than previously estimated. The stock dropped 12.11 per cent to end at Rs 98.35 on BSE. During the day, it tumbled 14.11 per cent to Rs 96.10 -- its 52-week low. On NSE, the stock plunged 12.18 per cent to close at Rs 98.35. In terms of equity volume, 149.07 lakh shares of the company were traded on BSE and over 20 crore shares changed hands on NSE. The stock has been falling for four straight sessions, down 16 per cent. In these four days, Rs 4,547.35 crore in the bank's market value has been eroded. "PNB issue continued to impact the PSU banks and its effect was seen in the broad market as well," said Vinod Nair, Head of Research, Geojit Financial Services Ltd. In a late night filing to stock exchanges, the state-owned lender said that "the quantum of reported unauthorised transactions can increase by USD 204.25 million." The bank had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion). Adding another Rs 1,323 crore would take this to Rs 12,717 crore.

PNB stock tanks 12% as fraud amount raised to nearly $2 billion

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

Key Indian equity indices on Friday opened on a higher note with healthy buying in metals, consumer durables, banking and auto stocks

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

Sensex rises over 100 points, Nifty above 10400

India&#39;s annual wholesale price inflation eased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday.

Annual wholesale price inflation last month slowed to 2.84 percent from a year earlier, from a provisional 3.58 percent rise in December.

Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed.

Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed.

India's annual wholesale price inflation eased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday. Annual wholesale price inflation last month slowed to 2.84 percent from a year earlier, from a provisional 3.58 percent rise in December. Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed.

Inflation falls in January on softer food, fuel prices

The benchmark BSE Sensex today surged to close at a new life high of 34,443.19 on gains in IT, FMCG, oil&amp; gas and energy stocks amid positive leads from global markets, extending its record-breaking run for a&nbsp;third day.

Also, Nifty settled at fresh high of 10,637.

But caution prevailed as crude prices surged to the highest level since 2015.

Opening higher, the 30-share Sensex quickly rallied to an all-time intra-day high of 34,488.03 as Coal India, ITC and Tata Motors posted smart gains.

Profit booking in some pharma, capital goods and telecom stocks at record levels, however, pulled the index to a low of 34,343.41 during the day trade.

The Sensex finally settled up 90.40 points, or 0.26 per cent at 34,443.19, which is still all time closing high. It breached its previous record closing of 34,352.79 points hit yesterday.

The index has risen by 559.41 points in the previous three straight sessions.

The broader 50-share NSE Nifty also maintained its bull run and touched a new peak of 10,659.15 (intra-day). It settled higher by 13.40 points, or 0.13 per cent, at a new peak of 10,637.00, beating its previous record closing of 10,623.60, recorded in yesterday&#39;s trade.

It also broke the previous intra-day record of 10,631.20 hit in yesterday&#39;s session.

Foreign portfolio investors (FPIs) have been supporting the ongoing rally by pumping in sizeable capital. They purchased shares worth Rs 692.83 crore while Domestic institutional investors (DIIs) sold shares to the tune of Rs 206.30 crore yesterday, as per provisional data from the stock exchanges.&nbsp;

The Sensex finally settled up 90.40 points, or 0.26 per cent at 34,443.19, which is still all time closing high

The benchmark BSE Sensex today surged to close at a new life high of 34,443.19 on gains in IT, FMCG, oil& gas and energy stocks amid positive leads from global markets, extending its record-breaking run for a third day. Also, Nifty settled at fresh high of 10,637. But caution prevailed as crude prices surged to the highest level since 2015. Opening higher, the 30-share Sensex quickly rallied to an all-time intra-day high of 34,488.03 as Coal India, ITC and Tata Motors posted smart gains. Profit booking in some pharma, capital goods and telecom stocks at record levels, however, pulled the index to a low of 34,343.41 during the day trade. The Sensex finally settled up 90.40 points, or 0.26 per cent at 34,443.19, which is still all time closing high. It breached its previous record closing of 34,352.79 points hit yesterday. The index has risen by 559.41 points in the previous three straight sessions. The broader 50-share NSE Nifty also maintained its bull run and touched a new peak of 10,659.15 (intra-day). It settled higher by 13.40 points, or 0.13 per cent, at a new peak of 10,637.00, beating its previous record closing of 10,623.60, recorded in yesterday's trade. It also broke the previous intra-day record of 10,631.20 hit in yesterday's session. Foreign portfolio investors (FPIs) have been supporting the ongoing rally by pumping in sizeable capital. They purchased shares worth Rs 692.83 crore while Domestic institutional investors (DIIs) sold shares to the tune of Rs 206.30 crore yesterday, as per provisional data from the stock exchanges.

Stocks at new closing highs on fund inflows, global leads

Indian shares rose on Monday, tracking Asian peers that climbed on positive US payrolls and Chinese trade data, with investors continuing to bet on a possible win for the country&#39;s ruling party in a key state election.&nbsp;

Markets are hoping for a big success by Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in assembly elections in Gujarat, with tens of thousands voting in the first stage of the polls on Saturday.

A victory would help boost the government&#39;s re-election prospects during general elections in 2019 and reinforce its reform agenda, although analysts said it was already being priced into markets, making the margin of a win crucial to further boost shares.&nbsp;Three recent big polls have predicted a victory for Modi&#39;s party, but with a greatly reduced majority.&nbsp;

&quot;If BJP wins, it&#39;s definitely good for the markets, but unless they win by a landslide like they did in Uttar Pradesh and surprise everyone, markets (NSE index) should remain rangebound in the 10,000-10,500 levels&quot;, said R.K. Gupta, managing director at Taurus Asset Management Company.&nbsp;

The broader NSE Nifty was up 0.30 per cent at 10,296.35 as of 0619 GMT, while the benchmark BSE Sensex was 0.35 per cent higher at 33,365.35.

The gains also tracked a 0.4 per cent increase in Asia shares ex-Japan after strong US payrolls data and better-than-expected Chinese trade data on Friday.&nbsp;

The PSU bank index rose as much as 1.7 per cent, with constituent State Bank of India up as much as 2 per cent.

Private sector lenders Axis Bank and HDFC Bank were up about 0.5 per cent each.&nbsp;Property developer Unitech Ltd rose as much as 19.2 per cent after a court allowed the government to take over management control of the debt-laden company on Friday.

Banks such as State Bank of India, Axis Bank, and HDFC Bank saw a rise in share prices. BSE Sensex and NSE Nifty climbed on Monday

Indian shares rose on Monday, tracking Asian peers that climbed on positive US payrolls and Chinese trade data, with investors continuing to bet on a possible win for the country's ruling party in a key state election. Markets are hoping for a big success by Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in assembly elections in Gujarat, with tens of thousands voting in the first stage of the polls on Saturday. A victory would help boost the government's re-election prospects during general elections in 2019 and reinforce its reform agenda, although analysts said it was already being priced into markets, making the margin of a win crucial to further boost shares. Three recent big polls have predicted a victory for Modi's party, but with a greatly reduced majority. "If BJP wins, it's definitely good for the markets, but unless they win by a landslide like they did in Uttar Pradesh and surprise everyone, markets (NSE index) should remain rangebound in the 10,000-10,500 levels", said R.K. Gupta, managing director at Taurus Asset Management Company. The broader NSE Nifty was up 0.30 per cent at 10,296.35 as of 0619 GMT, while the benchmark BSE Sensex was 0.35 per cent higher at 33,365.35. The gains also tracked a 0.4 per cent increase in Asia shares ex-Japan after strong US payrolls data and better-than-expected Chinese trade data on Friday. The PSU bank index rose as much as 1.7 per cent, with constituent State Bank of India up as much as 2 per cent. Private sector lenders Axis Bank and HDFC Bank were up about 0.5 per cent each. Property developer Unitech Ltd rose as much as 19.2 per cent after a court allowed the government to take over management control of the debt-laden company on Friday.

Nifty, Sensex gain in early trade

Indian insurer&nbsp;ICICI&nbsp;Lombard&#39;s initial public offering of shares to raise as much as $888.40 million&nbsp;was&nbsp;fully&nbsp;subscribed&nbsp;early on the last day of the sale on&nbsp;Tuesday, stock exchange data showed.

As of 0515 GMT, the sale had received bids 1.03 times the number of shares on offer, according to data from the BSE and the National Stock Exchange.

The company&#39;s two main shareholders -&nbsp;ICICI&nbsp;Bank Ltd and Canada&#39;s Fairfax Financial Holdings Ltd - are selling a combined 86.2 million shares, or a 19 per cent stake, in what is the first Indian IPO&nbsp;by a non-life insurer.

Bidding&nbsp;for the sale closes&nbsp;later&nbsp;on&nbsp;Tuesday.

Exchange data showed qualified institutional buyers had bid for 2.37 times the shares on offer for that category, while retail investors had bid 0.62 times, shareholders bid for 0.58 times and non-institutional investors bid 0.10 times.

As of 0515 GMT, the sale had received bids 1.03 times the number of shares on offer, according to data from the BSE and the National Stock Exchange.

Indian insurer ICICI Lombard's initial public offering of shares to raise as much as $888.40 million was fully subscribed early on the last day of the sale on Tuesday, stock exchange data showed. As of 0515 GMT, the sale had received bids 1.03 times the number of shares on offer, according to data from the BSE and the National Stock Exchange. The company's two main shareholders - ICICI Bank Ltd and Canada's Fairfax Financial Holdings Ltd - are selling a combined 86.2 million shares, or a 19 per cent stake, in what is the first Indian IPO by a non-life insurer. Bidding for the sale closes later on Tuesday. Exchange data showed qualified institutional buyers had bid for 2.37 times the shares on offer for that category, while retail investors had bid 0.62 times, shareholders bid for 0.58 times and non-institutional investors bid 0.10 times.

ICICI Lombard IPO gets fully subscribed

Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company&#39;s valuation to $5.1 billion.

The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack&#39;s total funds raised to $841 million, the enterprise messaging operator said in an emailed statement.

The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing, Slack Chief Executive Stewart Butterfield said.

In July, sources had told Reuters that Slack was raising $250 million in a new funding round led by SoftBank.

The company in the past has raised money from venture firms including GGV Capital, Spark Capital and Thrive Capital, among others.

Slack&#39;s sizeable funding round reflects the trend of a growing number of $100 million-plus checks pouring into technology startups. In the second quarter this year, there were 34 venture capital deals of $100 million or more, nearly triple the 12 such transactions in the first quarter, according to data firm PitchBook Inc.

These large rounds have helped drive an uptick in startup funding since the end of last year, with venture capitalists investing $15.7 billion in companies during the second quarter this year, a 27 percent increase from the first quarter and making for the strongest quarter in a year, according to Thomson Reuters data.

Bloomberg and Financial Times previously reported the funding deal.

The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack's total funds raised to $841 million, the enterprise messaging operator said in an emailed statement.

Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company's valuation to $5.1 billion. The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack's total funds raised to $841 million, the enterprise messaging operator said in an emailed statement. The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing, Slack Chief Executive Stewart Butterfield said. In July, sources had told Reuters that Slack was raising $250 million in a new funding round led by SoftBank. The company in the past has raised money from venture firms including GGV Capital, Spark Capital and Thrive Capital, among others. Slack's sizeable funding round reflects the trend of a growing number of $100 million-plus checks pouring into technology startups. In the second quarter this year, there were 34 venture capital deals of $100 million or more, nearly triple the 12 such transactions in the first quarter, according to data firm PitchBook Inc. These large rounds have helped drive an uptick in startup funding since the end of last year, with venture capitalists investing $15.7 billion in companies during the second quarter this year, a 27 percent increase from the first quarter and making for the strongest quarter in a year, according to Thomson Reuters data. Bloomberg and Financial Times previously reported the funding deal.

Slack valued at $5.1 billion after new funding led by SoftBank

The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains.

Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea.

&quot;There seems to be a global rally where liquidity is driving all markets. Markets have become very overbought,&quot; said Sanjiv Bhasin, executive vice president of markets and corporate affairs at IIFL.

Trade deficit touched 2.4 percent of gross domestic product and inflation is rising, which means the Reserve Bank of India may not cut rates at its next meeting, he added.

Data released late on Friday showed India&#39;s trade deficit widened to $11.64 billion in August from a month ago.

The broader NSE Nifty was up 0.72 percent at 10,157.90 as of 0555 GMT, with almost all sectors in the green.

Earlier in the session, it gained as much as 0.81 percent to a record high of 10,167.15. The benchmark BSE Sensex was 0.63 percent higher at 32,474.86.

The Nifty auto index gained as much as 1.4 percent, with Tata Motors Ltd rising as much as 2.8 percent and Bajaj Auto Ltd climbing up to 3.5 percent.

&quot;There is a feel-good factor as there could be more spending because of the ongoing festival season,&quot; Bhasin said.

Larsen and Toubro Ltd rose as much as 2.7 percent and Eicher Motors Ltd gained up to 1.9 percent on bargain-hunting after three consecutive sessions of decline.

Bharti Infratel Ltd climbed as much as 3.7 percent, making it the top percentage gainer on the NSE index.

Bharti Infra is dependent on annuity income from cellular towers, which have been in a fine space after Bharti Airtel reduced its stake in the company, according to Bhasin.

The NSE bank index rose as much as 1 percent, with top gainer IndusInd Bank Ltd up as much as 2.5 percent.

Electronics manufacturer Dixon Technologies (India) Ltd surged as much as 70 percent on its trading debut, while Bharat Road Network Ltd rose as much as 6.8 percent on its first day of trading.

Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea.

The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains. Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea. "There seems to be a global rally where liquidity is driving all markets. Markets have become very overbought," said Sanjiv Bhasin, executive vice president of markets and corporate affairs at IIFL. Trade deficit touched 2.4 percent of gross domestic product and inflation is rising, which means the Reserve Bank of India may not cut rates at its next meeting, he added. Data released late on Friday showed India's trade deficit widened to $11.64 billion in August from a month ago. The broader NSE Nifty was up 0.72 percent at 10,157.90 as of 0555 GMT, with almost all sectors in the green. Earlier in the session, it gained as much as 0.81 percent to a record high of 10,167.15. The benchmark BSE Sensex was 0.63 percent higher at 32,474.86. The Nifty auto index gained as much as 1.4 percent, with Tata Motors Ltd rising as much as 2.8 percent and Bajaj Auto Ltd climbing up to 3.5 percent. "There is a feel-good factor as there could be more spending because of the ongoing festival season," Bhasin said. Larsen and Toubro Ltd rose as much as 2.7 percent and Eicher Motors Ltd gained up to 1.9 percent on bargain-hunting after three consecutive sessions of decline. Bharti Infratel Ltd climbed as much as 3.7 percent, making it the top percentage gainer on the NSE index. Bharti Infra is dependent on annuity income from cellular towers, which have been in a fine space after Bharti Airtel reduced its stake in the company, according to Bhasin. The NSE bank index rose as much as 1 percent, with top gainer IndusInd Bank Ltd up as much as 2.5 percent. Electronics manufacturer Dixon Technologies (India) Ltd surged as much as 70 percent on its trading debut, while Bharat Road Network Ltd rose as much as 6.8 percent on its first day of trading.

Nifty hits record high, auto stocks gain

Disappointment over the timing of&nbsp;Apple&rsquo;s iPhone X release hampered further gains for world stock markets on Wednesday after an easing of concerns about North Korea sent indices to record highs.

While a broadly weaker yen pushed Tokyo higher, MSCI&#39;s main indicator of Asian shares outside Japan fell back from a 10-year peak and Europe&#39;s main markets were flat.

Apple&nbsp;suppliers including AMS and Dialog fell by 1-3 percent in morning trade in Europe, with traders citing the later than expected Nov. 3 shipping date for the new iPhone. British semi-conductor firm IQE Plc sank more than 6 percent.

Apple&nbsp;shares, which finished with a small loss on Tuesday, fell another 0.4 percent in pre-market trade. Wall Street overall was seen opening slightly lower.

&quot;It would appear that a running start to the week and fresh record highs in the S&amp;P 500 has proven a little much for some traders, with profit taking seen ahead of Wednesday&rsquo;s open,&quot; said Craig Erlam, an analyst with online broker Oanda.

The pan-European STOXX 600 dipped 0.1 percent as weakness in chipmakers was compounded by a drop in miners.

Chipmakers have been the best-performing among Europe&#39;s tech&nbsp;stocks&nbsp;this year, accounting for a large chunk of the sector&#39;s outperformance. AMS shares have gained 165 percent year-to-date.

&quot;The economics of the&nbsp;Apple&nbsp;announcement are interesting because it will really test this theory that inflation is going to be weak,&quot; said Mike Bell,&nbsp;global&nbsp;markets strategist with JP Morgan Asset Management in London.

&quot;With the iPhone coming in around $1,000 it will be interesting to see how healthy demand is. If it&#39;s relatively healthy I think it shows that there is still quite a lot of pricing power for U.S. companies and consumers have confidence.&quot;

In currency markets the dominant trend this week has been a recovery for the dollar and sterling. The dollar hit a 12-day high above 110 yen in Asian time before easing back as traders awaited U.S. inflation numbers on Thursday.

Britain&#39;s pound hit a one-year high above $1.33 and a six-week high on a trade-weighted basis before falling back after weak wage data that may undermine any threat the Bank of England might make about raising interest rates.

&quot;Now it&#39;s &#39;Wait and see&#39; for U.S. dollar investors,&quot; said Esther Reichelt, a strategist with Commerzbank in Frankfurt. &quot;Everyone&#39;s waiting for the inflation data tomorrow and the Fed next week.&quot;

After a soft start, oil prices were around half a percent higher after the International Energy Agency (IEA) said the&nbsp;global&nbsp;oil surplus was starting to shrink due to robust&nbsp;global&nbsp;demand and an output drop from OPEC and other producers

While a broadly weaker yen pushed Tokyo higher, MSCI's main indicator of Asian shares outside Japan fell back from a 10-year peak and Europe's main markets were flat.

Disappointment over the timing of Apple’s iPhone X release hampered further gains for world stock markets on Wednesday after an easing of concerns about North Korea sent indices to record highs. While a broadly weaker yen pushed Tokyo higher, MSCI's main indicator of Asian shares outside Japan fell back from a 10-year peak and Europe's main markets were flat. Apple suppliers including AMS and Dialog fell by 1-3 percent in morning trade in Europe, with traders citing the later than expected Nov. 3 shipping date for the new iPhone. British semi-conductor firm IQE Plc sank more than 6 percent. Apple shares, which finished with a small loss on Tuesday, fell another 0.4 percent in pre-market trade. Wall Street overall was seen opening slightly lower. "It would appear that a running start to the week and fresh record highs in the S&P 500 has proven a little much for some traders, with profit taking seen ahead of Wednesday’s open," said Craig Erlam, an analyst with online broker Oanda. The pan-European STOXX 600 dipped 0.1 percent as weakness in chipmakers was compounded by a drop in miners. Chipmakers have been the best-performing among Europe's tech stocks this year, accounting for a large chunk of the sector's outperformance. AMS shares have gained 165 percent year-to-date. "The economics of the Apple announcement are interesting because it will really test this theory that inflation is going to be weak," said Mike Bell, global markets strategist with JP Morgan Asset Management in London. "With the iPhone coming in around $1,000 it will be interesting to see how healthy demand is. If it's relatively healthy I think it shows that there is still quite a lot of pricing power for U.S. companies and consumers have confidence." In currency markets the dominant trend this week has been a recovery for the dollar and sterling. The dollar hit a 12-day high above 110 yen in Asian time before easing back as traders awaited U.S. inflation numbers on Thursday. Britain's pound hit a one-year high above $1.33 and a six-week high on a trade-weighted basis before falling back after weak wage data that may undermine any threat the Bank of England might make about raising interest rates. "Now it's 'Wait and see' for U.S. dollar investors," said Esther Reichelt, a strategist with Commerzbank in Frankfurt. "Everyone's waiting for the inflation data tomorrow and the Fed next week." After a soft start, oil prices were around half a percent higher after the International Energy Agency (IEA) said the global oil surplus was starting to shrink due to robust global demand and an output drop from OPEC and other producers

Apple takes shine off global stocks rally

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