Indian stocks followed their Asian peers lower on Thursday, as the United States said it would slap tariffs on European goods, adding to slowdown worries at a time when the US-China trade war is already hurting global economic growth.

The United States said on Wednesday it would slap tariffs on Europe-made planes, liquor, and cheese as punishment for illegal EU aircraft subsidies.

The move follows tariffs levied by the United States and China on hundreds of billions of dollars of each other's goods in their more than year-old trade war, which has disrupted supply chains and weighed on global markets.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.63 per cent by 0427 GMT.

<a href="https://www.wionews.com/india-news/india-defends-e-cigarette-ban-in-court-with-attack-on-juul-253200">India</a>'s broader NSE Nifty was down 0.30 per cent at 11,325.60, while the benchmark BSE <a href="https://www.wionews.com/business-economy/sensex-closes-362-points-lower-yes-bank-plunges-by-22-253060">Sensex</a> had fallen by 0.32 per cent to 38,183.36.

While metal stocks led Indian stock indexes lower, shares in lender Yes Bank recovered after a bruising fall to a more than one-decade low earlier this week.

The Nifty metals index fell 2.35 per cent, with Hindalco Industries Ltd declining the most down 4.5 per cent

Yes Bank shares rose 22.5 per cent and were on course for their best one-day gain in six months after Chief Executive Officer Ravneet Gill said before the opening bell that the lender was on a firm financial footing.

Indian stocks followed their Asian peers lower on Thursday, as the United States said it would slap tariffs on European goods, adding to slowdown worries at a time when the US-China trade war is already hurting global economic growth.

Indian stocks followed their Asian peers lower on Thursday, as the United States said it would slap tariffs on European goods, adding to slowdown worries at a time when the US-China trade war is already hurting global economic growth. The United States said on Wednesday it would slap tariffs on Europe-made planes, liquor, and cheese as punishment for illegal EU aircraft subsidies. The move follows tariffs levied by the United States and China on hundreds of billions of dollars of each other's goods in their more than year-old trade war, which has disrupted supply chains and weighed on global markets. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.63 per cent by 0427 GMT. India's broader NSE Nifty was down 0.30 per cent at 11,325.60, while the benchmark BSE Sensex had fallen by 0.32 per cent to 38,183.36. While metal stocks led Indian stock indexes lower, shares in lender Yes Bank recovered after a bruising fall to a more than one-decade low earlier this week. The Nifty metals index fell 2.35 per cent, with Hindalco Industries Ltd declining the most down 4.5 per cent Yes Bank shares rose 22.5 per cent and were on course for their best one-day gain in six months after Chief Executive Officer Ravneet Gill said before the opening bell that the lender was on a firm financial footing.

Sensex, Nifty slip as United States widens trade war to Europe; Yes Bank recovers

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in.

The BSE S&amp;P Sensex closed 199 points or 0.5 per cent lower at 38,107 while the Nifty 50 slid by 47 points to 11,313.

At the National Stock Exchange (NSE), most sectoral indices were in the red except for auto, media, PSU bank, and realty.

The nifty metal was down by 3 per cent, financial service by 1.1 per cent and private bank by 1.02 per cent.

But among stocks, <a href="https://www.wionews.com/business-economy/sensex-nifty-slip-as-united-states-widens-trade-war-to-europe-yes-bank-recovers-253385">Yes Bank</a>&nbsp;rose by 33.59 per cent to Rs 42.75 per share after Managing Director and CEO Ravneet Gill had a conference call with investors and analysts to assure them about the bank's strong fundamentals and operating metrics.

He said that Senior Group President and Chief Financial Officer Rajat Monga has decided to quit.

The other prominent gains were Bharat Petroleum Corporation, Zee Entertainment, Tata Motors, and Indian Oil Corporation.

However, metal stocks suffered badly with Vedanta down by 4.6 per cent, Hindalco by 4 per cent and Tata Steel by 3.4 per cent.

Private banks also remained on slippery ground with the IndusInd Bank sliding by 3 per cent, Kotak Mahindra Bank by 2.1 per cent, HDFC Bank by 2 per cent and Axis Bank by 1.7 per cent.

The other prominent losers were Coal India, Grasim and UltraTech Cements.

Meanwhile, Asian stocks skidded to a one-month low after President Donald Trump's administration announced a day earlier that the United States will <a href="https://www.wionews.com/world/us-widens-trade-war-with-tariffs-on-european-planes-cheese-whisky-to-punish-subsidies-253360">impose tariffs</a> on 7.5 billion dollars of goods from the European Union.

Japanese Nikkei traded down by over 2 per cent, South Korean Kospi by 1.9 per cent and Shanghai composite index by 0.9 per cent.

Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in. The BSE S&P Sensex closed 199 points or 0.

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in. The BSE S&P Sensex closed 199 points or 0.5 per cent lower at 38,107 while the Nifty 50 slid by 47 points to 11,313. At the National Stock Exchange (NSE), most sectoral indices were in the red except for auto, media, PSU bank, and realty. The nifty metal was down by 3 per cent, financial service by 1.1 per cent and private bank by 1.02 per cent. But among stocks, Yes Bank rose by 33.59 per cent to Rs 42.75 per share after Managing Director and CEO Ravneet Gill had a conference call with investors and analysts to assure them about the bank's strong fundamentals and operating metrics. He said that Senior Group President and Chief Financial Officer Rajat Monga has decided to quit. The other prominent gains were Bharat Petroleum Corporation, Zee Entertainment, Tata Motors, and Indian Oil Corporation. However, metal stocks suffered badly with Vedanta down by 4.6 per cent, Hindalco by 4 per cent and Tata Steel by 3.4 per cent. Private banks also remained on slippery ground with the IndusInd Bank sliding by 3 per cent, Kotak Mahindra Bank by 2.1 per cent, HDFC Bank by 2 per cent and Axis Bank by 1.7 per cent. The other prominent losers were Coal India, Grasim and UltraTech Cements. Meanwhile, Asian stocks skidded to a one-month low after President Donald Trump's administration announced a day earlier that the United States will impose tariffs on 7.5 billion dollars of goods from the European Union. Japanese Nikkei traded down by over 2 per cent, South Korean Kospi by 1.9 per cent and Shanghai composite index by 0.9 per cent. Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

Sensex closes 199 points lower but Yes Bank jumps over 33%

The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.

The RBI is predicted to lower its key lending rate or the repo rate&nbsp;by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps.

Most analysts forecast one more cut of 15 bps in December.

Some RBI watchers expect a larger cut this week, after it cut the repo rate but an unconventional 35 bps in August.

"With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut at its policy review later this week in a bid to continue its support towards growth revival," said Yuvika Oberoi, an economist with Yes Bank in Mumbai.

Asia's third-largest economy expanded by just 5% in the June quarter, its slowest pace since 2013. That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9% for the current fiscal year.

However, not all economists were as aggressive with their rate cut bets, saying the central bank will likely reserve some firepower and wait to see how inflation pans out.

In a bid to revive business activity, the government in September announced a sharp cut in the corporate tax rate - to 22% from 30%.

But while the tax cut brings the cost of doing business in India into line with its main Asian rivals, the government's move will do little to fix a lack of spending power, economists say.

"The recent volatility in crude oil prices and the fiscal measures announced by the government will have an impact on inflation in the medium-term and the fiscal deficit," said Shanti Ekambaram, president of consumer banking at Kotak Mahindra Bank.

"Hence, expect the MPC to be more measured in its response with a rate cut of 20-25 bps," she added.

Inflation in August accelerated to a 10-month high but remained well below the central bank's medium-term target of 4% for a 13th straight month.

If the RBI delivers a 25 bps cut as expected, traders will focus on the wording and tone of the monetary policy statement for clues on further easing.

Economists also said the policy transmission process could improve after the RBI mandated banks to link all fresh loans to an external benchmark like the repo rate or the rate on short-term treasury bills since the start of this month.

India's banks have passed only a small portion of the RBI's cuts this year to their customers.

The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.

The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps. Most analysts forecast one more cut of 15 bps in December. Some RBI watchers expect a larger cut this week, after it cut the repo rate but an unconventional 35 bps in August. "With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut at its policy review later this week in a bid to continue its support towards growth revival," said Yuvika Oberoi, an economist with Yes Bank in Mumbai. Asia's third-largest economy expanded by just 5% in the June quarter, its slowest pace since 2013. That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9% for the current fiscal year. However, not all economists were as aggressive with their rate cut bets, saying the central bank will likely reserve some firepower and wait to see how inflation pans out. In a bid to revive business activity, the government in September announced a sharp cut in the corporate tax rate - to 22% from 30%. But while the tax cut brings the cost of doing business in India into line with its main Asian rivals, the government's move will do little to fix a lack of spending power, economists say. "The recent volatility in crude oil prices and the fiscal measures announced by the government will have an impact on inflation in the medium-term and the fiscal deficit," said Shanti Ekambaram, president of consumer banking at Kotak Mahindra Bank. "Hence, expect the MPC to be more measured in its response with a rate cut of 20-25 bps," she added. Inflation in August accelerated to a 10-month high but remained well below the central bank's medium-term target of 4% for a 13th straight month. If the RBI delivers a 25 bps cut as expected, traders will focus on the wording and tone of the monetary policy statement for clues on further easing. Economists also said the policy transmission process could improve after the RBI mandated banks to link all fresh loans to an external benchmark like the repo rate or the rate on short-term treasury bills since the start of this month. India's banks have passed only a small portion of the RBI's cuts this year to their customers.

RBI set to cut rates again as fiscal measures fail to cheer

<a href="https://www.wionews.com/business-economy/equity-indices-in-negative-zone-but-banking-stocks-gain-252974">Equity benchmark indices</a> closed substantially lower on Tuesday after an extremely volatile session that witnessed banking and financial stocks losing badly.

Market sentiment took a hit after Moody's warned that banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults.

Deepening crises at Punjab and Maharashtra Cooperative (PMC) Bank and Lakshmi Vilas Bank too dented the market mood.

The BSE S&amp;P Sensex closed 362 points or 0.9 per cent lower at 38,305 while the Nifty 50 slid by 115 points to 11,360.

At the National Stock Exchange (NSE), all sectoral indices were in the red. Nifty realty was down by 4.2 per cent, PSU bank by 3.7 per cent, private bank by 1.1 per cent, IT by 1.5 per cent and pharma by 1.05 per cent.

Among stocks, Yes Bank plunged by over 22 per cent intraday to touch an all-time low of Rs 32.20 amid concerns over its exposure to some troubled non-banking finance companies including Indiabulls Housing Finance.

Managing Director and CEO Ravneet Gill refuted market speculation about the capital and liquidity position of the bank calling such talk speculative, unsubstantiated and irresponsible. But the scrip has been falling even as the private lender has got the from the Reserve Bank of India approval to raise more capital.

Shares of RBL Bank also dipped by 7.8 per cent to touch a fresh low of Rs 303 on the BSE over concerns of its exposure to Indiabulls Housing Finance.

IndusInd Bank slipped by 5.6 per cent while State Bank of India was down by 5.4 per cent.

Another prominent loser was Zee Entertainment which lost by 10.8 per cent to close the day at Rs 236.75. The media house is engaged with financial investors who are reportedly willing to pick its 10 per cent stake.

Indiabulls Real Estate closed 4.9 per cent lower at Rs 43.65. Grasim, Bharti Airtel, Cipla, JSW Steel, and UltraTech Cement too closed in the red.

However, the gainers included Bharat Petroleum, IndianOil, Mahindra &amp; Mahindra, Maruti, and HDFC Bank.

Meanwhile, Asian share prices ticked up as some investors hoped that the fourth quarter of the current calendar will bring progress in resolving the US-China trade war. White House Trade Adviser Peter Navarro dismissed reports that the Trump administration is considering delisting Chinese companies from US stock exchanges.

Japan's Nikkei rose by 0.59 per cent while MSCI's broadest index of Asia Pacific shares outside Japan inched up by 0.24 per cent. The rest of the region also saw gains as with exchange-traded fund inflows.

Chinese markets will be shut for a week to mark 70 years since the founding of the People's Republic of China.

Equity benchmark indices closed substantially lower on Tuesday after an extremely volatile session that witnessed banking and financial stocks losing badly. Market sentiment took a hit after Moody's warned that banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults.

Equity benchmark indices closed substantially lower on Tuesday after an extremely volatile session that witnessed banking and financial stocks losing badly. Market sentiment took a hit after Moody's warned that banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults. Deepening crises at Punjab and Maharashtra Cooperative (PMC) Bank and Lakshmi Vilas Bank too dented the market mood. The BSE S&P Sensex closed 362 points or 0.9 per cent lower at 38,305 while the Nifty 50 slid by 115 points to 11,360. At the National Stock Exchange (NSE), all sectoral indices were in the red. Nifty realty was down by 4.2 per cent, PSU bank by 3.7 per cent, private bank by 1.1 per cent, IT by 1.5 per cent and pharma by 1.05 per cent. Among stocks, Yes Bank plunged by over 22 per cent intraday to touch an all-time low of Rs 32.20 amid concerns over its exposure to some troubled non-banking finance companies including Indiabulls Housing Finance. Managing Director and CEO Ravneet Gill refuted market speculation about the capital and liquidity position of the bank calling such talk speculative, unsubstantiated and irresponsible. But the scrip has been falling even as the private lender has got the from the Reserve Bank of India approval to raise more capital. Shares of RBL Bank also dipped by 7.8 per cent to touch a fresh low of Rs 303 on the BSE over concerns of its exposure to Indiabulls Housing Finance. IndusInd Bank slipped by 5.6 per cent while State Bank of India was down by 5.4 per cent. Another prominent loser was Zee Entertainment which lost by 10.8 per cent to close the day at Rs 236.75. The media house is engaged with financial investors who are reportedly willing to pick its 10 per cent stake. Indiabulls Real Estate closed 4.9 per cent lower at Rs 43.65. Grasim, Bharti Airtel, Cipla, JSW Steel, and UltraTech Cement too closed in the red. However, the gainers included Bharat Petroleum, IndianOil, Mahindra & Mahindra, Maruti, and HDFC Bank. Meanwhile, Asian share prices ticked up as some investors hoped that the fourth quarter of the current calendar will bring progress in resolving the US-China trade war. White House Trade Adviser Peter Navarro dismissed reports that the Trump administration is considering delisting Chinese companies from US stock exchanges. Japan's Nikkei rose by 0.59 per cent while MSCI's broadest index of Asia Pacific shares outside Japan inched up by 0.24 per cent. The rest of the region also saw gains as with exchange-traded fund inflows. Chinese markets will be shut for a week to mark 70 years since the founding of the People's Republic of China.

Sensex closes 362 points lower, Yes Bank plunges by 22%

Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments.

At 2 pm, the BSE S&amp;P Sensex was down by 496 points or 1.3 per cent at 36,068 while the Nifty 50 slipped by 129 points to 10,711.

At the National Stock Exchange, all sectoral indices were in the red. Nifty media plunged by 4.6 per cent, PSU bank by 2.4 per cent, metal by 2.7 per cent and pharma by 1.8 per cent.

Among stocks, Yes Bank was the top loser which shed 12 per cent to Rs 56.35 per share after CARE Ratings downgraded ratings of non-convertible debentures of Morgan Credits, one of the private lender's promoter entities.

Other private lenders like IndusInd Bank, ICICI Bank and Axis Bank too were in the red.

Zee Entertainment plunged by 8 per cent following reports that its promoter has been restricted from selling its stake in the media company. Tata Steel and JSW Steel were down by 4.6 per cent and 2.3 per cent respectively.

The other prominent losers were Indiabulls Housing Finance which slipped by 7.7 per cent, Vedanta by 4 per cent and Reliance Industries by 2.1 per cent.

However, those which showed some gains were Tata Motors, Bharti Airtel, Asian Paints, Britannia and Coal India.

Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments. At 2 pm, the BSE S&P Sensex was down by 496 points or 1.

Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments. At 2 pm, the BSE S&P Sensex was down by 496 points or 1.3 per cent at 36,068 while the Nifty 50 slipped by 129 points to 10,711. At the National Stock Exchange, all sectoral indices were in the red. Nifty media plunged by 4.6 per cent, PSU bank by 2.4 per cent, metal by 2.7 per cent and pharma by 1.8 per cent. Among stocks, Yes Bank was the top loser which shed 12 per cent to Rs 56.35 per share after CARE Ratings downgraded ratings of non-convertible debentures of Morgan Credits, one of the private lender's promoter entities. Other private lenders like IndusInd Bank, ICICI Bank and Axis Bank too were in the red. Zee Entertainment plunged by 8 per cent following reports that its promoter has been restricted from selling its stake in the media company. Tata Steel and JSW Steel were down by 4.6 per cent and 2.3 per cent respectively. The other prominent losers were Indiabulls Housing Finance which slipped by 7.7 per cent, Vedanta by 4 per cent and Reliance Industries by 2.1 per cent. However, those which showed some gains were Tata Motors, Bharti Airtel, Asian Paints, Britannia and Coal India.

Sensex drops by 496 points while Nifty hovers around 10,710

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed.

The broader NSE Nifty closed down 0.48% at 10,982.80, while the benchmark BSE Sensex ended 0.45% lower at 37,104.28. The BSE Sensex snapped three sessions of gains.

The Nifty auto index ended 1.88% lower, with Tata Motors Ltd and Maruti Suzuki Ltd shedding 4.76% and 3.11%, respectively.

Shares of Yes Bank Ltd and Axis Bank Ltd were among the top percentage losers on the NSE Nifty, closing down 5.1% and 2.76%, respectively.

Airline stocks bucked the trend, with Interglobe Aviation Ltd rising 3.55% to a record high, while smaller rival SpiceJet Ltd rose as much as 5.51% — its best intraday spike ever.

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed.

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed. The broader NSE Nifty closed down 0.48% at 10,982.80, while the benchmark BSE Sensex ended 0.45% lower at 37,104.28. The BSE Sensex snapped three sessions of gains. The Nifty auto index ended 1.88% lower, with Tata Motors Ltd and Maruti Suzuki Ltd shedding 4.76% and 3.11%, respectively. Shares of Yes Bank Ltd and Axis Bank Ltd were among the top percentage losers on the NSE Nifty, closing down 5.1% and 2.76%, respectively. Airline stocks bucked the trend, with Interglobe Aviation Ltd rising 3.55% to a record high, while smaller rival SpiceJet Ltd rose as much as 5.51% — its best intraday spike ever.

Nifty, Sensex snap multi-day rally to end lower

Equity indices were volatile during early hours on Tuesday with most sectoral indices in the red.

At 10:15 am, the BSE S&amp;P Sensex was down by 144 points at 37,259 while the Nifty 50 edged lower by 58 points to 10,995.

At the National Stock Exchange, most sectoral indices were in the negative territory with Nifty PSU banks down by 1.2 per cent and private banks by 0.5 per cent. However, Nifty IT was up by 1.4 per cent.

Among stocks, Yes Bank was lower by 4.4 per cent to trade at Rs 73.30 per share. A day earlier, it had closed 3.3 per cent down to Rs 76.80 per share.

Indiabulls Housing Finance too slipped over 3 per cent lower while Britannia lost by 1.6 per cent. UltraTech Cement and Coal India lost by 1.5 per cent each.

However, IT stocks showed some gains with Infosys up by 2 per cent, Tata Consultancy Services by 1.5 per cent and Tech Mahindra by 1.2 per cent.

Pharma major Dr Reddy's was up by 1.4 per cent while Hero MotoCorp too was in the positive territory despite a countrywide slowdown in the auto sector.

Meanwhile, Asian shares were mixed with investors hoping for more stimulus in major economies to avert a global recession.

The Shanghai Composite slipped 0.1 per cent and Hong Kong's Hang Seng Index dropped 0.3 per cent. But Japan's Nikkei traded 0.4 per cent higher and South Korea's KOSPI also gained 0.4 per cent.

Equity indices were volatile during early hours on Tuesday with most sectoral indices in the red. At 10:15 am, the BSE S&P Sensex was down by 144 points at 37,259 while the Nifty 50 edged lower by 58 points to 10,995.

Equity indices were volatile during early hours on Tuesday with most sectoral indices in the red. At 10:15 am, the BSE S&P Sensex was down by 144 points at 37,259 while the Nifty 50 edged lower by 58 points to 10,995. At the National Stock Exchange, most sectoral indices were in the negative territory with Nifty PSU banks down by 1.2 per cent and private banks by 0.5 per cent. However, Nifty IT was up by 1.4 per cent. Among stocks, Yes Bank was lower by 4.4 per cent to trade at Rs 73.30 per share. A day earlier, it had closed 3.3 per cent down to Rs 76.80 per share. Indiabulls Housing Finance too slipped over 3 per cent lower while Britannia lost by 1.6 per cent. UltraTech Cement and Coal India lost by 1.5 per cent each. However, IT stocks showed some gains with Infosys up by 2 per cent, Tata Consultancy Services by 1.5 per cent and Tech Mahindra by 1.2 per cent. Pharma major Dr Reddy's was up by 1.4 per cent while Hero MotoCorp too was in the positive territory despite a countrywide slowdown in the auto sector. Meanwhile, Asian shares were mixed with investors hoping for more stimulus in major economies to avert a global recession. The Shanghai Composite slipped 0.1 per cent and Hong Kong's Hang Seng Index dropped 0.3 per cent. But Japan's Nikkei traded 0.4 per cent higher and South Korea's KOSPI also gained 0.4 per cent.

Sensex slips over 100 points, Nifty below 11,000

Indian shares ended lower for a third straight session on Monday as financial stocks took a beating, with HDFC Bank Ltd closing at an over two-month low after quarterly provisions surged and asset quality deteriorated.

The broader NSE Nifty ended 0.64% lower at 11,346.2, while the benchmark BSE Sensex closed down 0.8% at 38,031.13. Both indexes marked their worst closing levels since mid-May.

Lending bellwether HDFC Bank, down 3.1%, was among the top drags on the indexes, after provisions jumped over 60%, gross bad loans ticked up, and loan growth slowed.

Housing Development Finance Corporation Ltd, which holds the biggest stake in HDFC Bank, was the biggest percentage loser on the indexes, closing 5.1% lower.

Meanwhile, Yes Bank Ltd surged 9.5% and miner Vedanta Ltd advanced 3.7%.

Indian shares ended lower for a third straight session on Monday as financial stocks took a beating, with HDFC Bank Ltd closing at an over two-month low after quarterly provisions surged and asset quality deteriorated.

Indian shares ended lower for a third straight session on Monday as financial stocks took a beating, with HDFC Bank Ltd closing at an over two-month low after quarterly provisions surged and asset quality deteriorated. The broader NSE Nifty ended 0.64% lower at 11,346.2, while the benchmark BSE Sensex closed down 0.8% at 38,031.13. Both indexes marked their worst closing levels since mid-May. Lending bellwether HDFC Bank, down 3.1%, was among the top drags on the indexes, after provisions jumped over 60%, gross bad loans ticked up, and loan growth slowed. Housing Development Finance Corporation Ltd, which holds the biggest stake in HDFC Bank, was the biggest percentage loser on the indexes, closing 5.1% lower. Meanwhile, Yes Bank Ltd surged 9.5% and miner Vedanta Ltd advanced 3.7%.

Nifty, Sensex close lower as HDFC Bank drags

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.

The broader NSE Nifty closed up 0.64% at 11,662.6, while the benchmark <a href="https://www.google.com/url?client=internal-uds-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/post-budget-sensex-down-over-630-points-pnb-stocks-falls-further-233908&amp;sa=U&amp;ved=2ahUKEwifjN6upLnjAhViguYKHd50C0gQFjACegQIEBAC&amp;usg=AOvVaw0bCZs3sQ08IfmUpzUTVTVp">BSE Sensex</a> settled 0.6% higher at 39,131.04.

Private-sector lender Yes Bank, due to report quarterly results on Wednesday, surged 11.4% to its best closing level in two weeks. This was also its best daily performance since mid-Feb.

Automaker Tata Motors jumped 5.6% to its highest close since June 11.

Top IT firm Tata Consultancy Services Ltd, down 1.9%, was the biggest loser on the indexes.

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months. The broader NSE Nifty closed up 0.64% at 11,662.6, while the benchmark BSE Sensex settled 0.6% higher at 39,131.04. Private-sector lender Yes Bank, due to report quarterly results on Wednesday, surged 11.4% to its best closing level in two weeks. This was also its best daily performance since mid-Feb. Automaker Tata Motors jumped 5.6% to its highest close since June 11. Top IT firm Tata Consultancy Services Ltd, down 1.9%, was the biggest loser on the indexes.

Sensex and Nifty close higher as Tata Motors, Yes Bank surge

Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns.

After rebounding over 150 points in opening session, the 30-share index pared gains to trade marginally higher at 38,969.76 at 0945 hours.&nbsp;

Similarly, the broader NSE Nifty was quoting slightly up at 11,678.25.

In the previous session on Monday, the BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79; while the Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15.

Top losers in the Sensex pack in early trade included Yes Bank, Tata Steel, Asian Paints, HUL, SBI and RIL, shedding up to 1.55 per cent.

On the other hand, PowerGrid, Infosys, IndusInd Bank, HCL Tech, Vedanta, M&amp;M, Bajaj Finance and HDFC rose up to 1.42 per cent.

Investors have turned cautious ahead of the US Federal Reserve's policy meeting, scheduled to begin later in the day, traders said.

According to experts, market is finding it difficult to sustain at elevated levels on the back of muted corporate earnings, slow monsoon season, continuous corporate defaults and developing concerns of India-US trade disagreements.

Further adding to worries are concerns around an escalation of the trade war between the US and China, and impacts for India, as well as US data that showed that the economy may not need a rate cut imminently, they said.

Elsewhere in Asia, while Shanghai Composite Index, Hang Seng and Kospi were trading on a positive note in their respective early sessions, while Nikkei was trading in the red.

Meanwhile, foreign institutional investors sold equity worth Rs 331.27 crore, while domestic institutional investors bought shares to the tune of Rs 1,257.86 crore, provisional data available with stock exchanges showed on Monday.

On the currency front, the Indian rupee appreciated 9 paise to 69.82 against the US dollar.

The global oil benchmark Brent crude futures were trading 0.10 per cent lower at 60.88 per barrel.

Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns.

Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns. After rebounding over 150 points in opening session, the 30-share index pared gains to trade marginally higher at 38,969.76 at 0945 hours. Similarly, the broader NSE Nifty was quoting slightly up at 11,678.25. In the previous session on Monday, the BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79; while the Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15. Top losers in the Sensex pack in early trade included Yes Bank, Tata Steel, Asian Paints, HUL, SBI and RIL, shedding up to 1.55 per cent. On the other hand, PowerGrid, Infosys, IndusInd Bank, HCL Tech, Vedanta, M&M, Bajaj Finance and HDFC rose up to 1.42 per cent. Investors have turned cautious ahead of the US Federal Reserve's policy meeting, scheduled to begin later in the day, traders said. According to experts, market is finding it difficult to sustain at elevated levels on the back of muted corporate earnings, slow monsoon season, continuous corporate defaults and developing concerns of India-US trade disagreements. Further adding to worries are concerns around an escalation of the trade war between the US and China, and impacts for India, as well as US data that showed that the economy may not need a rate cut imminently, they said. Elsewhere in Asia, while Shanghai Composite Index, Hang Seng and Kospi were trading on a positive note in their respective early sessions, while Nikkei was trading in the red. Meanwhile, foreign institutional investors sold equity worth Rs 331.27 crore, while domestic institutional investors bought shares to the tune of Rs 1,257.86 crore, provisional data available with stock exchanges showed on Monday. On the currency front, the Indian rupee appreciated 9 paise to 69.82 against the US dollar. The global oil benchmark Brent crude futures were trading 0.10 per cent lower at 60.88 per barrel.

Sensex, Nifty turn cautious ahead of US Fed policy meet

Snapping its three-day rising streak, domestic equity benchmark BSE Sensex ended 194 points lower Wednesday, dragged by losses in banking and auto stocks amid weak global cues.

Investors were also cautious ahead of the release of inflation and factory output numbers, traders said.

After slumping over 300 points during the day, the BSE gauge pared some losses to settle 193.65 points, or 0.48 per cent, lower at 39,756.81. The index hit an intra-day low of 39,623.53 and a high of 39,982.10.

Similarly, the broader NSE Nifty fell 59.40 points, or 0.50 per cent, to close at 11,906.20. During the day, the index touched a low of 11,866.35 and a high of 11,962.45.

Yes Bank was the worst performer in the Sensex pack, declining 3.34 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade.

Other losers included Maruti, Kotak Bank, Hero MotoCorp, Bajaj Auto, IndusInd Bank and Bajaj Finance, that shed up to 1.79 per cent.

On the other hand, Tata Steel, ONGC, Vedanta, Sun Pharma, TCS, RIL, HUL and ITC bucked the weak market trend and gained up to 2.60 per cent.

According to experts, the market mood turned negative tracking weak cues from overseas markets after US President Donald Trump Tuesday said he was not interested in a trade deal with China unless it agreed to four-five major points.

Elsewhere in Asia, Shanghai Composite Index fell 0.56 per cent, Hang Seng ended 1.73 per cent lower, Nikkei slipped 0.35 per cent and Kospi shed 0.14 per cent.

Bourses in Europe were also trading in the red in their early deals.

On the currency front, the Indian rupee appreciated 10 paise to 69.34 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, dived 2.57 per cent to $60.69 per barrel.

Snapping its three-day rising streak, domestic equity benchmark BSE Sensex ended 194 points lower Wednesday, dragged by losses in banking and auto stocks amid weak global cues.

Snapping its three-day rising streak, domestic equity benchmark BSE Sensex ended 194 points lower Wednesday, dragged by losses in banking and auto stocks amid weak global cues. Investors were also cautious ahead of the release of inflation and factory output numbers, traders said. After slumping over 300 points during the day, the BSE gauge pared some losses to settle 193.65 points, or 0.48 per cent, lower at 39,756.81. The index hit an intra-day low of 39,623.53 and a high of 39,982.10. Similarly, the broader NSE Nifty fell 59.40 points, or 0.50 per cent, to close at 11,906.20. During the day, the index touched a low of 11,866.35 and a high of 11,962.45. Yes Bank was the worst performer in the Sensex pack, declining 3.34 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade. Other losers included Maruti, Kotak Bank, Hero MotoCorp, Bajaj Auto, IndusInd Bank and Bajaj Finance, that shed up to 1.79 per cent. On the other hand, Tata Steel, ONGC, Vedanta, Sun Pharma, TCS, RIL, HUL and ITC bucked the weak market trend and gained up to 2.60 per cent. According to experts, the market mood turned negative tracking weak cues from overseas markets after US President Donald Trump Tuesday said he was not interested in a trade deal with China unless it agreed to four-five major points. Elsewhere in Asia, Shanghai Composite Index fell 0.56 per cent, Hang Seng ended 1.73 per cent lower, Nikkei slipped 0.35 per cent and Kospi shed 0.14 per cent. Bourses in Europe were also trading in the red in their early deals. On the currency front, the Indian rupee appreciated 10 paise to 69.34 against the US dollar intra-day. Brent crude futures, the global oil benchmark, dived 2.57 per cent to $60.69 per barrel.

Sensex slumps 194 points; Yes Bank tumbles over 3%

The BSE benchmark Sensex ended 86 points higher after a highly volatile session Friday tracking mixed domestic and global cues.

After swinging over 400 points, the BSE gauge settled 86.18 points, or 0.22 per cent, up at 39,615.90. The index hit an intra-day high of 39,703.10 and a low of 39,279.47.

Similarly, the broader NSE Nifty rose 26.90 points, or 0.23 per cent, to settle at 11,870.65. During the day, the index touched a high of 11,897.50 and a low of 11,769.50.

During the week, the Sensex fell 98.30 points and the broader Nifty lost 52.15 points.

Top gainers in the Sensex pack Friday included IndusInd Bank, Bajaj Finance, M&amp;M, SBI, ICICI Bank and Vedanta, rising up to 1.90 per cent.

On the other hand, Yes Bank, PowerGrid, Sun Pharma, Coal India, Bajaj Auto, ONGC and RIL were among the top losers, dropping up to 2.37 per cent.

The Indian rupee depreciated 20 paise to 69.48 against the US dollar. 
Meanwhile, other Asian bourses ended on a mixed note, while Europe was trading in the green in opening deals.

Brent crude futures, the global oil benchmark, rose 1.20 per cent to USD 62.41 per barrel.&nbsp;

The BSE benchmark Sensex ended 86 points higher after a highly volatile session Friday tracking mixed domestic and global cues. After swinging over 400 points, the BSE gauge settled 86.

The BSE benchmark Sensex ended 86 points higher after a highly volatile session Friday tracking mixed domestic and global cues. After swinging over 400 points, the BSE gauge settled 86.18 points, or 0.22 per cent, up at 39,615.90. The index hit an intra-day high of 39,703.10 and a low of 39,279.47. Similarly, the broader NSE Nifty rose 26.90 points, or 0.23 per cent, to settle at 11,870.65. During the day, the index touched a high of 11,897.50 and a low of 11,769.50. During the week, the Sensex fell 98.30 points and the broader Nifty lost 52.15 points. Top gainers in the Sensex pack Friday included IndusInd Bank, Bajaj Finance, M&M, SBI, ICICI Bank and Vedanta, rising up to 1.90 per cent. On the other hand, Yes Bank, PowerGrid, Sun Pharma, Coal India, Bajaj Auto, ONGC and RIL were among the top losers, dropping up to 2.37 per cent. The Indian rupee depreciated 20 paise to 69.48 against the US dollar. Meanwhile, other Asian bourses ended on a mixed note, while Europe was trading in the green in opening deals. Brent crude futures, the global oil benchmark, rose 1.20 per cent to USD 62.41 per barrel.

Sensex ends 86 points higher; Nifty below 11,900

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues.

After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high. The gauge hit an intra-day high of 39,828.65 and a low of 39,498.65.

Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index. During the day, the bourse hit a high of 11,958.55 and a low of 11,864.90.

Yes Bank was the biggest gainer in the Sensex pack, rallying 4.06 per cent.&nbsp;

Other gainers were Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 per cent.

On the other hand, Hero MotoCorp, Bajaj Auto, Bharti Airtel, L&amp;T, Bajaj Finance, M&amp;M, Tata Steel, HDFC, Kotak Bank and ITC were the major laggards, shedding up to 2.55 per cent.

The broader BSE midcap and smallcap indices closed up to 0.41 per cent higher.

A renewed sense of positivity has been dictating domestic bourses ever since the BJP-led National Democratic Alliance (NDA) won the general elections.

Positive cues from other Asian markets and sustained foreign fund inflows too boosted investor sentiment here, traders said.

Foreign institutional investors bought equity worth Rs 1,215.36 crore on Monday, while domestic institutional investors sold shares to the tune of Rs 327.86 crore, provisional data available with stock exchanges showed.

Meanwhile, the Indian rupee depreciated 20 paise to 69.71 against the US dollar.

Brent crude, the global benchmark, was trading 0.33 per cent higher at 69 per barrel.

Globally, bourses in Asia ended on a positive note, while those in Europe were trading in the red in their respective early deals.

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues.

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues. After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high. The gauge hit an intra-day high of 39,828.65 and a low of 39,498.65. Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index. During the day, the bourse hit a high of 11,958.55 and a low of 11,864.90. Yes Bank was the biggest gainer in the Sensex pack, rallying 4.06 per cent. Other gainers were Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 per cent. On the other hand, Hero MotoCorp, Bajaj Auto, Bharti Airtel, L&T, Bajaj Finance, M&M, Tata Steel, HDFC, Kotak Bank and ITC were the major laggards, shedding up to 2.55 per cent. The broader BSE midcap and smallcap indices closed up to 0.41 per cent higher. A renewed sense of positivity has been dictating domestic bourses ever since the BJP-led National Democratic Alliance (NDA) won the general elections. Positive cues from other Asian markets and sustained foreign fund inflows too boosted investor sentiment here, traders said. Foreign institutional investors bought equity worth Rs 1,215.36 crore on Monday, while domestic institutional investors sold shares to the tune of Rs 327.86 crore, provisional data available with stock exchanges showed. Meanwhile, the Indian rupee depreciated 20 paise to 69.71 against the US dollar. Brent crude, the global benchmark, was trading 0.33 per cent higher at 69 per barrel. Globally, bourses in Asia ended on a positive note, while those in Europe were trading in the red in their respective early deals.

Sensex, Nifty clock fresh closing highs on fund inflows

The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues.

After gyrating over 500 points, the 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88. The index hit an intra-day low of 37,047.87 and a high of 37,559.67.

Similarly, the broader NSE Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157. During the day, the gauge hit a low of 11,136.95 and a high of 11,286.80.

Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.

IndusInd Bank, Coal India, Sun Pharma, PowerGrid, Bharti Airtel, Axis Bank, Tata Steel, HUL, Maruti, L&amp;T, M&amp;M, ICICI Bank, HDFC and RIL too ended in the red, shedding up to 3.66 per cent.

On the other hand, Bajaj Finance was the top gainer, spurting 4.11 per cent, followed by ITC, Kotak Bank, Infosys and TCS, ending up to 1.05 per cent higher.

According to experts, investors are not very aggressive as every rally is being used as an opportunity to book profits. Market is also watchful of quarterly earnings and election verdict.

Sustained foreign fund outflow too weighed on investor sentiment, they added.

Foreign institutional investors net sold equities worth Rs 2,011.85 crore on Tuesday, while domestic institutional investors purchased shares to the tune of Rs 2,242.91 crore, provisional data available with stock exchanges showed.

Bourses in China, Japan and Korea ended in the green after US President Donald Trump hinted at the possibility of a trade deal with China.

European stocks, however, opened on a weak note.

Meanwhile, the Indian rupee appreciated by 11 paise to 70.33 against the US dollar intra-day.

Global oil benchmark Brent crude was trading 0.66 per cent lower at USD 70.77 per barrel.&nbsp;

The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues. After gyrating over 500 points, the 30-share BSE benchmark closed 203.

The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues. After gyrating over 500 points, the 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88. The index hit an intra-day low of 37,047.87 and a high of 37,559.67. Similarly, the broader NSE Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157. During the day, the gauge hit a low of 11,136.95 and a high of 11,286.80. Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent. IndusInd Bank, Coal India, Sun Pharma, PowerGrid, Bharti Airtel, Axis Bank, Tata Steel, HUL, Maruti, L&T, M&M, ICICI Bank, HDFC and RIL too ended in the red, shedding up to 3.66 per cent. On the other hand, Bajaj Finance was the top gainer, spurting 4.11 per cent, followed by ITC, Kotak Bank, Infosys and TCS, ending up to 1.05 per cent higher. According to experts, investors are not very aggressive as every rally is being used as an opportunity to book profits. Market is also watchful of quarterly earnings and election verdict. Sustained foreign fund outflow too weighed on investor sentiment, they added. Foreign institutional investors net sold equities worth Rs 2,011.85 crore on Tuesday, while domestic institutional investors purchased shares to the tune of Rs 2,242.91 crore, provisional data available with stock exchanges showed. Bourses in China, Japan and Korea ended in the green after US President Donald Trump hinted at the possibility of a trade deal with China. European stocks, however, opened on a weak note. Meanwhile, the Indian rupee appreciated by 11 paise to 70.33 against the US dollar intra-day. Global oil benchmark Brent crude was trading 0.66 per cent lower at USD 70.77 per barrel.

Sensex tumbles 204 points, Nifty ends below 11,200

The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged.

After falling over 100 points in early trade, the 30-share index recovered lost ground and was trading marginally lower at 39,006.33. The NSE Nifty too was trading 14.65 points down at 11,733.50.

In the previous session on Tuesday, the BSE bourse closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15.

Top gainers in the early session were Yes Bank, Bharti Airtel, Hero MotoCorp, Sun Pharma, RIL, M&amp;M, PowerGrid, HDFC Bank, IndusInd Bank, Bajaj Auto, L&amp;T, Coal India and Kotak Bank, rising up to 3.66 per cent.

On the other hand, Tata Motors, ICICI Bank, Infosys, Tata Steel, NTPC, TCS, HUL, Bajaj Finance, HCL Tech and ITC were among the top losers, shedding up to 1.94 per cent.

According to traders, market sentiment was choppy as investors took weak cues from globe equities after the US Federal Reserve Wednesday decided to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy.

On Wall Street, the S&amp;P 500 index and the Nasdaq ended in the red on Wednesday.

Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading on a mixed note in early trade.

Brent crude futures, the global oil benchmark, were trading 0.28 per cent lower at USD 71.98 per barrel.

On the currency front, the rupee was trading flat at 69.57 against the US dollar in early trade.

Meanwhile, foreign institutional investors (FIIs) bought equity worth Rs 114.59 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 730.02 crore, provisional data available with stock exchanges showed.

The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged.

The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged. After falling over 100 points in early trade, the 30-share index recovered lost ground and was trading marginally lower at 39,006.33. The NSE Nifty too was trading 14.65 points down at 11,733.50. In the previous session on Tuesday, the BSE bourse closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15. Top gainers in the early session were Yes Bank, Bharti Airtel, Hero MotoCorp, Sun Pharma, RIL, M&M, PowerGrid, HDFC Bank, IndusInd Bank, Bajaj Auto, L&T, Coal India and Kotak Bank, rising up to 3.66 per cent. On the other hand, Tata Motors, ICICI Bank, Infosys, Tata Steel, NTPC, TCS, HUL, Bajaj Finance, HCL Tech and ITC were among the top losers, shedding up to 1.94 per cent. According to traders, market sentiment was choppy as investors took weak cues from globe equities after the US Federal Reserve Wednesday decided to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. On Wall Street, the S&P 500 index and the Nasdaq ended in the red on Wednesday. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading on a mixed note in early trade. Brent crude futures, the global oil benchmark, were trading 0.28 per cent lower at USD 71.98 per barrel. On the currency front, the rupee was trading flat at 69.57 against the US dollar in early trade. Meanwhile, foreign institutional investors (FIIs) bought equity worth Rs 114.59 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 730.02 crore, provisional data available with stock exchanges showed.

Sensex starts on a weak note; Yes Bank recovers 4%

The BSE benchmark Sensex Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues.

However, a strengthening rupee and global crude oil prices restricted further losses in equity markets, brokers said.

The 30-share index dropped 154.60 points, or 0.40 per cent, to 38,912.73 in early morning trade, after touching a high of 39,068.67.

Similarly, the NSE Nifty declined by 19.75 points, or 0.44 per cent, to 11,703.30.

Top losers in the Sensex pack include Yes Bank, IndusInd Bank, Sun Pharma, HeroMoto Corp, and Maruti.&nbsp;

On the other hand, the gainers in the lot include HCL Tech, HDFC Bank, Asian Paints, Infosys, Hindustan Uniliver, Axis Bank and ONGC.

On Friday, the Sensex closed 336.47 points, or 0.87 per cent, higher at 39,067.33. The NSE Nifty too ended 112.85 points, or 0.97 per cent, up at 11,754.65.

Domestic equity markets were closed Monday due to elections in Mumbai.

Meanwhile, Chinese manufacturing sector index fell in April to 50.1, compared to 50.5 in previous month, according to the data released by the National Statistics Bureau.

The US equity indices touched a record high Monday on strong gross domestic product data, which grew at 3.2 per cent in January-March period this year.

Foreign institutional investors (FIIs) emerged as net sellers in the capital markets on Friday, pulling out Rs 70.73 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 920.88 crore.

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday.

Brent crude futures, the global oil benchmark, fell 0.22 per cent to trade at USD 71.88 per barrel.

Elsewhere in Asia, benchmark equity indices in Tokyo and Seoul were trading lower, while Shanghai index surged higher. Investors remained cautious over US Federal Reserve policy decision due Wednesday.

The BSE benchmark Sensex Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues.

The BSE benchmark Sensex Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues. However, a strengthening rupee and global crude oil prices restricted further losses in equity markets, brokers said. The 30-share index dropped 154.60 points, or 0.40 per cent, to 38,912.73 in early morning trade, after touching a high of 39,068.67. Similarly, the NSE Nifty declined by 19.75 points, or 0.44 per cent, to 11,703.30. Top losers in the Sensex pack include Yes Bank, IndusInd Bank, Sun Pharma, HeroMoto Corp, and Maruti. On the other hand, the gainers in the lot include HCL Tech, HDFC Bank, Asian Paints, Infosys, Hindustan Uniliver, Axis Bank and ONGC. On Friday, the Sensex closed 336.47 points, or 0.87 per cent, higher at 39,067.33. The NSE Nifty too ended 112.85 points, or 0.97 per cent, up at 11,754.65. Domestic equity markets were closed Monday due to elections in Mumbai. Meanwhile, Chinese manufacturing sector index fell in April to 50.1, compared to 50.5 in previous month, according to the data released by the National Statistics Bureau. The US equity indices touched a record high Monday on strong gross domestic product data, which grew at 3.2 per cent in January-March period this year. Foreign institutional investors (FIIs) emerged as net sellers in the capital markets on Friday, pulling out Rs 70.73 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 920.88 crore. The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday. Brent crude futures, the global oil benchmark, fell 0.22 per cent to trade at USD 71.88 per barrel. Elsewhere in Asia, benchmark equity indices in Tokyo and Seoul were trading lower, while Shanghai index surged higher. Investors remained cautious over US Federal Reserve policy decision due Wednesday.

Sensex falls 150 points on foreign fund outflow in early trade

Domestic equity market on Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank.

During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants.

The 30-share index, after opening higher at 36,146.55 points, slipped into the negative terrain to crack below the 36,000-mark.

However, it staged a comeback on the emergence of buying in late afternoon trade to close the day 86.63 points, or 0.24 per cent, higher at 36,195.10.

The gauge had lost over 470 points in the previous two sessions.

Similarly, the 50-share NSE Nifty closed higher by 18.30 points, or 0.17 per cent, at 10,849.80 after shuttling between 10,866.35 and 10,798.65.

Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.

Yes Bank zoomed 8.39 per cent after private sector lender Thursday named Ravneet Singh Gill, currently heading Deutsche Bank India, as the managing director and chief executive to succeed Rana Kapoor, whose term ends on January 31.

Stocks of cigarette maker ITC rose 0.43 per cent after Wednesday's steep fall over 4 per cent after the company announced its quarterly earnings.

Other gainers in the Sensex kitty include TCS, SBI, Axis Bank, Hero MotoCorp, Asian Paint, HCL Tech, Vedanta Ltd, Infosys, PowerGrid and M&amp;M, rising up to 1.17 per cent.

Among laggards, Tata Motors, Sun Pharma, Kotak Bank, Coal India, Bajaj Auto, ONGC, Bharti Airtel, ICICI Bank, Tata Steel, NTPC, HUL, HDFC Bank, L&amp;T, HDFC Ltd, IndusInd Bank, Maruti Suzuki and Bajaj Finance, fell up to 2.72.

According to Joseph Thomas, Head Research, Emkay Wealth Management, the market was in a tight range with no fresh news or triggers throughout the trading day. The focus was more on the earnings announcements, which also did not give any surprises.

Sectorally, real estate, IT, PSU banks were among the top gainers.

"IT stocks continue to depict strength for the last few sessions amid weaker rupee and a strong set of results delivered by major players in a weak quarter," said Paras Bothra, President, Equity Research, Ashika Group.

PSU banks derived strength from the liquidity-easing talks between the government and RBI, he added.

Among large-caps, Ultratech Cement missed consensus estimates, while Yes Bank shares were propped up after announcing MD and CEO, which was seen an overhang. The bank also delivered a decent set of results, he said

Small-cap and mid-cap indices, however, ended lower by up to 0.59 per cent as investors were seen booking profits.

In global markets, most of the other Asian markets ended higher, but European shares were lower in their early deals.

Shanghai Composite Index rose 0.41 per cent, while Hong Kong's Hang Seng was up 0.27 per cent, Taiwan's index gained 0.31 per cent, and Straits Times was up 0.28 per cent. However, Japan's Nikkei shed 0.09 per cent.

In the Eurozone, Frankfurt's DAX fell 0.32 per cent, while Paris CAC 40 was down 0.14 per cent in their late morning deals. London's FTSE too shed 0.24 per cent.

Domestic equity market on Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank.

Domestic equity market on Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank. During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants. The 30-share index, after opening higher at 36,146.55 points, slipped into the negative terrain to crack below the 36,000-mark. However, it staged a comeback on the emergence of buying in late afternoon trade to close the day 86.63 points, or 0.24 per cent, higher at 36,195.10. The gauge had lost over 470 points in the previous two sessions. Similarly, the 50-share NSE Nifty closed higher by 18.30 points, or 0.17 per cent, at 10,849.80 after shuttling between 10,866.35 and 10,798.65. Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months. Yes Bank zoomed 8.39 per cent after private sector lender Thursday named Ravneet Singh Gill, currently heading Deutsche Bank India, as the managing director and chief executive to succeed Rana Kapoor, whose term ends on January 31. Stocks of cigarette maker ITC rose 0.43 per cent after Wednesday's steep fall over 4 per cent after the company announced its quarterly earnings. Other gainers in the Sensex kitty include TCS, SBI, Axis Bank, Hero MotoCorp, Asian Paint, HCL Tech, Vedanta Ltd, Infosys, PowerGrid and M&M, rising up to 1.17 per cent. Among laggards, Tata Motors, Sun Pharma, Kotak Bank, Coal India, Bajaj Auto, ONGC, Bharti Airtel, ICICI Bank, Tata Steel, NTPC, HUL, HDFC Bank, L&T, HDFC Ltd, IndusInd Bank, Maruti Suzuki and Bajaj Finance, fell up to 2.72. According to Joseph Thomas, Head Research, Emkay Wealth Management, the market was in a tight range with no fresh news or triggers throughout the trading day. The focus was more on the earnings announcements, which also did not give any surprises. Sectorally, real estate, IT, PSU banks were among the top gainers. "IT stocks continue to depict strength for the last few sessions amid weaker rupee and a strong set of results delivered by major players in a weak quarter," said Paras Bothra, President, Equity Research, Ashika Group. PSU banks derived strength from the liquidity-easing talks between the government and RBI, he added. Among large-caps, Ultratech Cement missed consensus estimates, while Yes Bank shares were propped up after announcing MD and CEO, which was seen an overhang. The bank also delivered a decent set of results, he said Small-cap and mid-cap indices, however, ended lower by up to 0.59 per cent as investors were seen booking profits. In global markets, most of the other Asian markets ended higher, but European shares were lower in their early deals. Shanghai Composite Index rose 0.41 per cent, while Hong Kong's Hang Seng was up 0.27 per cent, Taiwan's index gained 0.31 per cent, and Straits Times was up 0.28 per cent. However, Japan's Nikkei shed 0.09 per cent. In the Eurozone, Frankfurt's DAX fell 0.32 per cent, while Paris CAC 40 was down 0.14 per cent in their late morning deals. London's FTSE too shed 0.24 per cent.

Sensex closes 87 points higher; RIL, YES Bank lead recovery

Continuing its rising spree for the fourth session, benchmark BSE Sensex reclaimed the 36,000 marks by jumping over 200 points Wednesday tracking positive cues from global markets on rising hopes that the US and China would strike a deal to end their trade tiff.

Moreover, optimistic buying by investors ahead of Q3 earnings season supported the rally.

The BSE Sensex after a gap-up opening at 36,181.37, advanced further to the day's high of 36,250.54, before ending at 36,212.91, showing a gain of 231.98 points, or 0.64 per cent.

The gauge had gained by 467 points in the previous three sessions.

The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.

Top performers that led the gains on bourses were Axis Bank, ITC, Tata Motors, Bharti Airtel, HDFC, IndusInd Bank, HUL, HDFC Bank, Maruti, and ICICI Bank, rising up to 2.94 per cent.

Infosys, the country's second largest IT services firm, rose 0.90 per cent after company Tuesday said its board will consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11.

On the other hand, Yes Bank, Tata Steel Hero MotoCorp, ONGC, Bajaj Finance, NPTC, HCL Tech, and TCS were the top losers, falling up to 3.07 per cent.

The market started on a positive note but took some caution ahead of major quarterly results scheduled tomorrow (Thursday), said analysts.

"In totality, with expectation of a breather from the US-China meeting led the market to close on a positive bias. Buying interest has been seen across sectors led by private banks, IT and FMCG; while PSU banks declined due to profit-booking post recent gains," said Vinod Nair, Head of Research, Geojit Financial Services.

Investor sentiment also got a boost after the World Bank projected India's GDP growth at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, attributing it to an upswing in consumption and investment, traders said.

The bank said India will continue to be the fastest growing major economy in the world.

Market sentiment was buoyant largely in sync with a positive trend at other Asian bourses, supported by rising hopes that the US and China would reach a truce, traders said.

US President Donald Trump, on Tuesday, had said that talks with Beijing on a trade deal were going on "very well".

However, selling towards the fag end, as investors took some money off the table at record levels, cut down the session's gains.

Besides, optimism ahead of Q3 earnings of some bluechip companies such as TCS and Infosys, too, bolstered trading sentiments, accelerating buying by retail investors.

Meanwhile, domestic institutional investors (DIIs) bought shares to the tune of Rs 698.17 crore, while foreign portfolio investors (FPIs) offloaded shares worth a net of Rs 553.78 crore on Tuesday, provisional data showed.

Sector-wise, the FMCG index surged the most by gaining 1.11 per cent, followed by bankex 0.69 per cent and realty index 0.66 per cent.

Oil and gas, metal, PSU and infrastructure sector indices, however, ended in the red, falling up to 1.74 per cent.

Furthermore, most Asian markets ended in the green and European markets too were notably higher in their late morning session.

Hong Kong's Hang Seng climbed 2.26 per cent, Japan's Nikkei surged 1.10 per cent, Korea Kospi rallied 1.95 per cent, Taiwan's index gained 1.83 per cent, and Shanghai Composite Index was also up 0.71 per cent.

In European markets, Paris CAC 40 rose 0.99 per cent, while Frankfurt's DAX gained 0.96 per cent in their late morning deals. London's FTSE too gained 0.59 per cent.

On Wall Street, the US Dow Jones Industrial Average closed 1.09 per cent higher Tuesday.

The BSE Sensex after a gap-up opening at 36,181.37, advanced further to the day's high of 36,250.54, before ending at 36,212.91, showing a gain of 231.98 points.

Continuing its rising spree for the fourth session, benchmark BSE Sensex reclaimed the 36,000 marks by jumping over 200 points Wednesday tracking positive cues from global markets on rising hopes that the US and China would strike a deal to end their trade tiff. Moreover, optimistic buying by investors ahead of Q3 earnings season supported the rally. The BSE Sensex after a gap-up opening at 36,181.37, advanced further to the day's high of 36,250.54, before ending at 36,212.91, showing a gain of 231.98 points, or 0.64 per cent. The gauge had gained by 467 points in the previous three sessions. The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40. Top performers that led the gains on bourses were Axis Bank, ITC, Tata Motors, Bharti Airtel, HDFC, IndusInd Bank, HUL, HDFC Bank, Maruti, and ICICI Bank, rising up to 2.94 per cent. Infosys, the country's second largest IT services firm, rose 0.90 per cent after company Tuesday said its board will consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11. On the other hand, Yes Bank, Tata Steel Hero MotoCorp, ONGC, Bajaj Finance, NPTC, HCL Tech, and TCS were the top losers, falling up to 3.07 per cent. The market started on a positive note but took some caution ahead of major quarterly results scheduled tomorrow (Thursday), said analysts. "In totality, with expectation of a breather from the US-China meeting led the market to close on a positive bias. Buying interest has been seen across sectors led by private banks, IT and FMCG; while PSU banks declined due to profit-booking post recent gains," said Vinod Nair, Head of Research, Geojit Financial Services. Investor sentiment also got a boost after the World Bank projected India's GDP growth at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, attributing it to an upswing in consumption and investment, traders said. The bank said India will continue to be the fastest growing major economy in the world. Market sentiment was buoyant largely in sync with a positive trend at other Asian bourses, supported by rising hopes that the US and China would reach a truce, traders said. US President Donald Trump, on Tuesday, had said that talks with Beijing on a trade deal were going on "very well". However, selling towards the fag end, as investors took some money off the table at record levels, cut down the session's gains. Besides, optimism ahead of Q3 earnings of some bluechip companies such as TCS and Infosys, too, bolstered trading sentiments, accelerating buying by retail investors. Meanwhile, domestic institutional investors (DIIs) bought shares to the tune of Rs 698.17 crore, while foreign portfolio investors (FPIs) offloaded shares worth a net of Rs 553.78 crore on Tuesday, provisional data showed. Sector-wise, the FMCG index surged the most by gaining 1.11 per cent, followed by bankex 0.69 per cent and realty index 0.66 per cent. Oil and gas, metal, PSU and infrastructure sector indices, however, ended in the red, falling up to 1.74 per cent. Furthermore, most Asian markets ended in the green and European markets too were notably higher in their late morning session. Hong Kong's Hang Seng climbed 2.26 per cent, Japan's Nikkei surged 1.10 per cent, Korea Kospi rallied 1.95 per cent, Taiwan's index gained 1.83 per cent, and Shanghai Composite Index was also up 0.71 per cent. In European markets, Paris CAC 40 rose 0.99 per cent, while Frankfurt's DAX gained 0.96 per cent in their late morning deals. London's FTSE too gained 0.59 per cent. On Wall Street, the US Dow Jones Industrial Average closed 1.09 per cent higher Tuesday.

Sensex reclaims 36,000, Nifty above 10,850

Benchmark indices rose for the third straight session Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here, analysts said.

The BSE Sensex climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55.

Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&amp;T, IndusInd Bank, Hero MotoCorp, M&amp;M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.

Yes Bank, on the other hand, was the biggest loser, falling over 6 per cent after its board meet concluded. The bank said it has finalised a candidate for the chairman's position and would be seeking approval from the RBI. The bank, however, did not disclose the candidate's name.

Other losers include Sun Pharma, TCS, Tata Steel, Adani Ports and Coal India, falling up to 2 per cent.

"In anticipation of some firm measures to ease the credit squeeze by the new RBI Governor post his meeting with PSU bank chiefs today, markets rallied in the morning but cooled off in the second half on some profit booking," said Essel Mutual Fund CIO Viral Berawala.

"Stocks with rural focus also gained momentum on expectations of some pro-rural announcements by the Central government," Berawala added.

The rupee, meanwhile, rose 35 paise to 71.66 against the US dollar in intra-day trade.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed.

Brent crude oil futures were trading flat at USD 60.15 per barrel.

Elsewhere in Asia, Korea's Kospi rose 0.62 per cent, Japan's Nikkei gained 0.99 per cent, Hong Kong's Hang Seng surged 1.29 per cent and Shanghai Composite Index advanced 1.23 per cent.

In Europe, Frankfurt's DAX fell 0.31 per cent and Paris' CAC 40 shed 0.30 per cent in their early deals. London's FTSE too slipped 0.02 per cent.&nbsp;

Benchmark indices rose for the third straight session Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street.

Benchmark indices rose for the third straight session Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street. Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here, analysts said. The BSE Sensex climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55. Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent. Yes Bank, on the other hand, was the biggest loser, falling over 6 per cent after its board meet concluded. The bank said it has finalised a candidate for the chairman's position and would be seeking approval from the RBI. The bank, however, did not disclose the candidate's name. Other losers include Sun Pharma, TCS, Tata Steel, Adani Ports and Coal India, falling up to 2 per cent. "In anticipation of some firm measures to ease the credit squeeze by the new RBI Governor post his meeting with PSU bank chiefs today, markets rallied in the morning but cooled off in the second half on some profit booking," said Essel Mutual Fund CIO Viral Berawala. "Stocks with rural focus also gained momentum on expectations of some pro-rural announcements by the Central government," Berawala added. The rupee, meanwhile, rose 35 paise to 71.66 against the US dollar in intra-day trade. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed. Brent crude oil futures were trading flat at USD 60.15 per barrel. Elsewhere in Asia, Korea's Kospi rose 0.62 per cent, Japan's Nikkei gained 0.99 per cent, Hong Kong's Hang Seng surged 1.29 per cent and Shanghai Composite Index advanced 1.23 per cent. In Europe, Frankfurt's DAX fell 0.31 per cent and Paris' CAC 40 shed 0.30 per cent in their early deals. London's FTSE too slipped 0.02 per cent.

Sensex ends over 150 points higher; Yes Bank slumps 6 per cent

The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices.

Market sentiments were further dampened on unabated foreign fund outflows and the International Monetary Fund (IMF) downgrading outlook for world economy to 3.7 growth on Tuesday.

The Indian currency collapsed to a new lifetime low of 74.27 in intra-day trade, raising concerns on the macroeconomic front.

A mixed trend at other Asian markets and a lower opening in the eurozone too triggered selling on the domestic bourses here.

The 30-share Sensex opened higher at 34,651.82 points but slipped into the negative zone to hit a low of 34,233.50 before concluding at 34,299.47, recording a fall of 174.91 points, or 0.51 per cent.

Similarly, the NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent, lower at 10,301.05.

Selling was more pronounced in consumer durables, auto, oil and gas, FMCG, realty, PSU and banking stocks that dragged the indices into the negative zone.

Among Sensex constituents, Tata Motors was the worst hit, plunging 13.40 per cent to end at multi-year low of Rs 184.25, after the company-owned Jaguar Land Rover (JLR) reported 12.3 per cent decline in global sales in September.

Other laggards include Asian Paints falling 3.95 per cent, Maruti Suzuki 3.07 per cent, HUL 2.73 per cent, Bharti Airtel 2.29 per cent, Bajaj Auto 1.85 per cent, ITC 1.81 per cent, RIL 1.58 per cent, ICICI Bank 1.50 per cent, M&amp;M 1.36 per cent, SBI 1.26 per cent, NTPC 1.22 per cent, Axis Bank 0.67 per cent and HDFC Bank 0.17 per cent.

In contrast, Adani Ports emerged as the top gainer by rising 4.52 per cent, followed by HDFC falling 2.59 per cent.

Vedanta, Tata Steel, Coal india, Yes Bank, Sun Pharma, Wipro, TCS, L&amp;T, Infosys, IndusInd Bank and Kotak Bank too showed strength, gaining up to 2.44 per cent.

Shares of oil marketing companies such as HPCL, BPCL and IOC were down up to 4.20 per cent as global crude oil prices again rose on reports of decline in crude export from Iran.

Sectorally, the BSE consumer durables index emerged worst performer by falling 3.91 per cent, followed by auto at 2.62 per cent, oil and gas 1.92 per cent, FMCG 1.68 per cent, PSU 1.19 per cent, realty 1.06 per cent, power 0.62 per cent, bankex 0.47 per cent, infrastructure 0.41 per cent, capital goods 0.25 per cent.

However, metal, healthcare, teck and IT indices managed to close in the positive zone by rising up to 1.01 per cent.

Elsewhere in rest of Asia, Japan's NIkkei fell 1.32 per cent, Straight Time shed 0.49 per cent, while Shanghai rose 0.17 per cent.

In the eurozone, FTSE, CAC and DAX were little changed in their late morning deals.

The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices.

The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices. Market sentiments were further dampened on unabated foreign fund outflows and the International Monetary Fund (IMF) downgrading outlook for world economy to 3.7 growth on Tuesday. The Indian currency collapsed to a new lifetime low of 74.27 in intra-day trade, raising concerns on the macroeconomic front. A mixed trend at other Asian markets and a lower opening in the eurozone too triggered selling on the domestic bourses here. The 30-share Sensex opened higher at 34,651.82 points but slipped into the negative zone to hit a low of 34,233.50 before concluding at 34,299.47, recording a fall of 174.91 points, or 0.51 per cent. Similarly, the NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent, lower at 10,301.05. Selling was more pronounced in consumer durables, auto, oil and gas, FMCG, realty, PSU and banking stocks that dragged the indices into the negative zone. Among Sensex constituents, Tata Motors was the worst hit, plunging 13.40 per cent to end at multi-year low of Rs 184.25, after the company-owned Jaguar Land Rover (JLR) reported 12.3 per cent decline in global sales in September. Other laggards include Asian Paints falling 3.95 per cent, Maruti Suzuki 3.07 per cent, HUL 2.73 per cent, Bharti Airtel 2.29 per cent, Bajaj Auto 1.85 per cent, ITC 1.81 per cent, RIL 1.58 per cent, ICICI Bank 1.50 per cent, M&M 1.36 per cent, SBI 1.26 per cent, NTPC 1.22 per cent, Axis Bank 0.67 per cent and HDFC Bank 0.17 per cent. In contrast, Adani Ports emerged as the top gainer by rising 4.52 per cent, followed by HDFC falling 2.59 per cent. Vedanta, Tata Steel, Coal india, Yes Bank, Sun Pharma, Wipro, TCS, L&T, Infosys, IndusInd Bank and Kotak Bank too showed strength, gaining up to 2.44 per cent. Shares of oil marketing companies such as HPCL, BPCL and IOC were down up to 4.20 per cent as global crude oil prices again rose on reports of decline in crude export from Iran. Sectorally, the BSE consumer durables index emerged worst performer by falling 3.91 per cent, followed by auto at 2.62 per cent, oil and gas 1.92 per cent, FMCG 1.68 per cent, PSU 1.19 per cent, realty 1.06 per cent, power 0.62 per cent, bankex 0.47 per cent, infrastructure 0.41 per cent, capital goods 0.25 per cent. However, metal, healthcare, teck and IT indices managed to close in the positive zone by rising up to 1.01 per cent. Elsewhere in rest of Asia, Japan's NIkkei fell 1.32 per cent, Straight Time shed 0.49 per cent, while Shanghai rose 0.17 per cent. In the eurozone, FTSE, CAC and DAX were little changed in their late morning deals.

Nifty, Sensex at lowest close since April

Private sector lender Yes Bank Ltd's shares tumbled nearly a third on Friday, wiping as much as $3.1 billion off its market value, after the central bank reduced charismatic CEO Rana Kapoor's term, creating uncertainty about its outlook.

The Reserve Bank of India (RBI) said late on Wednesday Kapoor can serve as the lender's chief executive only till January 31 next year. It did not give a reason.

Kapoor co-founded the bank and has been instrumental in its rise to become India's fifth-largest private sector bank with assets of $43.19 billion.

RBI's move came after Yes Bank's shareholders voted in June to extend Kapoor's term as CEO and managing director for three years, pending central bank approval.

Yes Bank and RBI did not immediately respond to requests for comment.

Yes Bank shares sank as much as 31.7 per cent to 287.30 rupees on Friday, with more than 158 million shares changing hands - over seven times their 30-day average volume. They cut their losses to be down 20 per cent by late morning.

Indian stock markets were closed on Thursday for a holiday. Before Friday's trading, Yes Bank had a market value of about $10 billion.

At least two brokerages downgraded the stock, citing uncertainty and doubts in investors' minds about the bank's future.

Nomura analysts said a need to raise growth capital in troubled times, investor doubts about asset quality and the RBI's concerns for Kapoor continuing in his position could weigh on the stock.

The research firm downgraded the stock to "neutral" from "buy", reducing its target price to 345 rupees.

Private sector lender Yes Bank Ltd's shares tumbled nearly a third on Friday, wiping as much as $3.1 billion off its market value, after the central bank reduced charismatic CEO Rana Kapoor's term, creating uncertainty about its outlook.

Private sector lender Yes Bank Ltd's shares tumbled nearly a third on Friday, wiping as much as $3.1 billion off its market value, after the central bank reduced charismatic CEO Rana Kapoor's term, creating uncertainty about its outlook. The Reserve Bank of India (RBI) said late on Wednesday Kapoor can serve as the lender's chief executive only till January 31 next year. It did not give a reason. Kapoor co-founded the bank and has been instrumental in its rise to become India's fifth-largest private sector bank with assets of $43.19 billion. RBI's move came after Yes Bank's shareholders voted in June to extend Kapoor's term as CEO and managing director for three years, pending central bank approval. Yes Bank and RBI did not immediately respond to requests for comment. Yes Bank shares sank as much as 31.7 per cent to 287.30 rupees on Friday, with more than 158 million shares changing hands - over seven times their 30-day average volume. They cut their losses to be down 20 per cent by late morning. Indian stock markets were closed on Thursday for a holiday. Before Friday's trading, Yes Bank had a market value of about $10 billion. At least two brokerages downgraded the stock, citing uncertainty and doubts in investors' minds about the bank's future. Nomura analysts said a need to raise growth capital in troubled times, investor doubts about asset quality and the RBI's concerns for Kapoor continuing in his position could weigh on the stock. The research firm downgraded the stock to "neutral" from "buy", reducing its target price to 345 rupees.

Yes Bank plunges by nearly a third after RBI curtails CEO's term

Benchmark BSE Sensex advanced over 130 points today, continuing its rising streak for the fourth straight day, on firm global leads after Chinese President Xi Jinping's speech eased worries over a trade war.

The 30-share Sensex was trading higher by 130.31 points, or 0.38 per cent, at 33,918.85, with all the sectoral indices rising up to 1.80 per cent.

The gauge had gained 774.47 points in the previous three sessions.

The NSE Nifty breached the 10,400-mark, up 38.80 points, or 0.37 per cent, at 10,418.15.

Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 359.35 crore yesterday, while foreign portfolio investors (FPIs) remained sellers and offloaded shares worth Rs 1,300.93 crore as per provisional data.

A firm trend in other Asian markets after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country's massive economy "wider and wider" boosted investor sentiment here, brokers said.

The rupee's appreciation against the dollar and widening of bets by investors amid optimism ahead of earnings season also supported the uptrend, they said.

Major gainers included Axis Bank, Adani Ports, Tata Steel, L&T, ICICI Bank, Yes Bank, Kotak Bank, TCS, Power Grid, Bajaj Auto, Sun Pharma and Reliance Industries, gaining up to 2.41 per cent.

In the Asian region, Japan's Nikkei gained 1.08 per cent and Shanghai Composite rose 0.75 per cent in early trading today while Hong Kong's Hang Seng was up 0.82 per cent.

The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday's trade.&nbsp; 
&nbsp;

Benchmark BSE Sensex advanced over 130 points today, continuing its rising streak for the fourth straight day, on firm global leads after Chinese President Xi Jinping's speech eased worries over a trade war

Benchmark BSE Sensex advanced over 130 points today, continuing its rising streak for the fourth straight day, on firm global leads after Chinese President Xi Jinping's speech eased worries over a trade war. The 30-share Sensex was trading higher by 130.31 points, or 0.38 per cent, at 33,918.85, with all the sectoral indices rising up to 1.80 per cent. The gauge had gained 774.47 points in the previous three sessions. The NSE Nifty breached the 10,400-mark, up 38.80 points, or 0.37 per cent, at 10,418.15. Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 359.35 crore yesterday, while foreign portfolio investors (FPIs) remained sellers and offloaded shares worth Rs 1,300.93 crore as per provisional data. A firm trend in other Asian markets after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country's massive economy "wider and wider" boosted investor sentiment here, brokers said. The rupee's appreciation against the dollar and widening of bets by investors amid optimism ahead of earnings season also supported the uptrend, they said. Major gainers included Axis Bank, Adani Ports, Tata Steel, L&T, ICICI Bank, Yes Bank, Kotak Bank, TCS, Power Grid, Bajaj Auto, Sun Pharma and Reliance Industries, gaining up to 2.41 per cent. In the Asian region, Japan's Nikkei gained 1.08 per cent and Shanghai Composite rose 0.75 per cent in early trading today while Hong Kong's Hang Seng was up 0.82 per cent. The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday's trade.

Sensex rises over 100 points on firm global cues, Nifty tops 10,400

Indian shares rose on Wednesday as strong monthly sales data lifted automobile stocks such as Tata Motors Ltd that led gains on key indexes, with sentiment also boosted by a forecast of normal monsoon rainfall this year.

Rainfall during the monsoon season is expected to be 100 per cent of the long-term average, a private weather forecasting agency said earlier in the day, raising prospects of higher farm and economic growth in the $2 trillion economy.

The broader NSE Nifty was up 0.18 per cent at 10,263.35 as of 0541 GMT, while the benchmark BSE Sensex was 0.25 per cent higher at 33,452.45.

"There is a shift in the market towards quality growth and a shift to domestic consumption-focused sectors, particularly autos. Consumer-facing banking and private banking are also driving the move," said Sunil Sharma, chief investment officer at Sanctum Wealth Management.

The Nifty auto index rose as much as 2 per cent and was set to post a third consecutive session of gains.

Tata Motors climbed as much as 5.8 per cent after Morgan Stanley said sales of Land Rovers in the United States grew 38 per cent in March.

Eicher Motors Ltd rose as much as 3.8 per cent on a higher production forecast for Royal Enfield motorcycles in the current fiscal year.

Private lenders also rose, with the Nifty private bank index climbing as much as 0.7 per cent, ahead of a decision on monetary policy by India`s central bank. Yes Bank Ltd was up over 2 per cent.

The Reserve Bank of India is expected to keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build, a Reuters poll showed.

Among other gainers, Jet Airways Ltd rose as much as 3.2 per cent after it announced a deal with Boeing Co to buy 75 Boeing 737 MAX narrow-body jets.

Shares of ICICI Securities Ltd and state-run Mishra Dhatu Nigam Ltd, however, fell on market debut.

Tata Motors climbed as much as 5.8 per cent after Morgan Stanley said sales of Land Rovers in the United States grew 38 per cent in March

Indian shares rose on Wednesday as strong monthly sales data lifted automobile stocks such as Tata Motors Ltd that led gains on key indexes, with sentiment also boosted by a forecast of normal monsoon rainfall this year. Rainfall during the monsoon season is expected to be 100 per cent of the long-term average, a private weather forecasting agency said earlier in the day, raising prospects of higher farm and economic growth in the $2 trillion economy. The broader NSE Nifty was up 0.18 per cent at 10,263.35 as of 0541 GMT, while the benchmark BSE Sensex was 0.25 per cent higher at 33,452.45. "There is a shift in the market towards quality growth and a shift to domestic consumption-focused sectors, particularly autos. Consumer-facing banking and private banking are also driving the move," said Sunil Sharma, chief investment officer at Sanctum Wealth Management. The Nifty auto index rose as much as 2 per cent and was set to post a third consecutive session of gains. Tata Motors climbed as much as 5.8 per cent after Morgan Stanley said sales of Land Rovers in the United States grew 38 per cent in March. Eicher Motors Ltd rose as much as 3.8 per cent on a higher production forecast for Royal Enfield motorcycles in the current fiscal year. Private lenders also rose, with the Nifty private bank index climbing as much as 0.7 per cent, ahead of a decision on monetary policy by India`s central bank. Yes Bank Ltd was up over 2 per cent. The Reserve Bank of India is expected to keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build, a Reuters poll showed. Among other gainers, Jet Airways Ltd rose as much as 3.2 per cent after it announced a deal with Boeing Co to buy 75 Boeing 737 MAX narrow-body jets. Shares of ICICI Securities Ltd and state-run Mishra Dhatu Nigam Ltd, however, fell on market debut.

Nifty, Sensex edge up; Tata Motors, Yes Bank gain

yes-bank

Yes Bank, News on Yes Bank, stories on Yes Bank, articles on Yes Bank, Yes Bank stories at Wion, Yes Bank news, Yes Bank latest news

yes bank