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

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