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Hello Jammu News at 7:51:00 PM 0



Mumbai, Jun 14 :   The BSE Sensex stayed on the back foot for the third straight session Friday as investors dialled down equity exposure amid high valuations and a fresh spell of uncertainty in the global markets.

After a subdued opening, the benchmark faced sudden selling pressure in the last half-hour of trade to close at 39,452.07, down by 289.29 points, or 0.73 per cent.

On similar lines, the wider NSE Nifty tumbled 90.75 points, or 0.76 per cent, to finish at 11,823.30.

During the week, the Sensex fell 163.83 points or 0.41 per cent, while the Nifty lost 47.35 points or 0.39 per cent.

Only five of the 30 Sensex stocks finished with gains Friday. These were L&T, Vedanta, Sun Pharma, PowerGrid and TCS, which rose up to 0.80 per cent.

Top losers included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 per cent.

Barring capital goods, all BSE sectoral indices ended in the red.

On the global front, investors scurried to safe-haven assets after China's industrial output growth in May sank to more than 17-year lows, highlighting risks to world growth.

Flaring up of geopolitical tensions in the Middle East following attacks on two oil tankers and continued uncertainty over US-China trade talks also weighed on risk sentiment.

"Ripple effect from a weak global market while premium valuation and slow economy is hurting the market. Continuous exchange of words between US and Tehran regarding the oil tanker attack, progress of US-China trade war, Fed policy outcome on 19th June and progress of monsoon will be closely watched by the investors.

"The market is cautious today awaiting these important events while highly leveraged companies are being mostly impacted," said Vinod Nair, Head of Research, Geojit Financial Services.

Sectorally, BSE realty, telecom, bankex, auto, finance and FMCG indices ended up to 2.11 per cent lower. Capital goods gained 0.21 per cent.

Broader BSE midcap and smallcap indices followed the benchmarks, shedding up to 1.02 per cent.

After spiking over 4 per cent over the past two days, Brent crude futures pared gains to trade 0.11 per cent lower at USD 61.24 per barrel.

Elsewhere in Asia, while Tokyo stocks ended in the green, bourses in Shanghai, Hong Kong and Seoul closed lower.

Exchanges in Europe were also trading in the red in early deals.

On the currency front, the Indian rupee depreciated 19 paise to 69.69 against the US dollar intra-day.
                                                     [Agencies]
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Hello Jammu News at 1:28:00 PM 0

Mumbai, Sep 24: The BSE Sensex dropped over 200 points in early trade Monday on increased selling of realty, consumer durables, auto and banking stocks, amid weak Asian cues and surging global crude oil prices.

The depreciating rupee also dampened investor sentiment.

The 30-share index, after opening positive at 36,924.72, quickly succumbed to selling pressure and fell by 210.22 points, or 0.57 per cent, to 36,631.38 in early trade.

The gauge has lost 1,249.04 points in the previous four sessions.

Similarly, the NSE Nifty declined by 65.50 points, or 0.59 per cent, to 11,077.60 after a touching a high of 11,170.15.

Sectoral indices led by realty, consumer durables, auto, banking and healthcare were trading in the negative zone, falling up to 1.66 per cent.

Major losers were Bharti Airtel, Maruti Suzuki, Hero MotoCorp, M&M, Kotak Bank, Adani Ports, HDFC, ICICI Bank, Yes Bank, Axis Bank, PowerGrid and IndusInd Bank, shedding up to 2.32 per cent.

Shares of Dewan Housing Finance Corporation rebounded nearly 25 per cent to Rs 438.75 after the company stated that it had not defaulted on any bonds or repayment nor had there been any single instance of delay on any of its repayment of any liability.

The company's shares had tumbled 42.43 per cent in the previous session on Friday following massive selling over fears of a liquidity crisis.

Brokers said market sentiment remained weak in the absence of any encouraging factor and fresh weakness in the rupee, coupled with rising global crude oil prices, which again went past the USD 79 per barrel mark.

The rupee depreciated 29 paise to 72.49 against the US dollar at the interbank forex market.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 760.70 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 497.03 crore on Friday, provisional data showed.

Elsewhere in Asia, while Japan and Chinese markets were shut Monday on account of a public holiday, Hong Kong's Hang Seng fell 1.29 per cent.

The Dow Jones Industrial Average, however, gained 0.32 per cent to end at record high Friday. (PTI)
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Hello Jammu News at 6:13:00 PM 0

Mumbai, Sep 18: The BSE benchmark Sensex extended losses for the second session Tuesday by plummeting 295 points to close at an over one-month low of 37,291 owing to hectic selling in financial and auto stocks amid escalating US-China trade tariff tensions and worsening rupee woes.

The broader NSE Nifty too fell over 98 points to crack below the 11,300-mark.

Besides, rising crude oil prices further dampened investors' mood.

The domestic currency was trading lower by 27 paise at 72.78 (intra-day) against the US dollar in late afternoon deals.

Globally, sentiments took a hit after US President Donald Trump Monday announced imposition of new tariffs on an additional USD 200 billion worth of imports from China, escalating the trade war with the Asian giant.

Alleging that China has been unwilling to change its unfair trade practices, Trump said the new additional tariff structure would be effective September 24 from when it would be at 10 per cent until the year end, but would increase to 25 per cent level from January 1.

The 30-share Sensex opened Tuesday on a somewhat better note at 37,660.19 and advanced to touch a high of 37,745.44 but later turned choppy and hit a low of 37,242.85 as selling pressure gathered momentum towards the fag-end, before settling 294.84 points, or 0.78 per cent, down at 37,290.67. This was the lowest closing since August 2 when it had settled at 37,165.16.

The 30-scrip gauge had lost 505.13 points Monday.

The 50-share NSE Nifty Tuesday plunged 98.65 points, or 0.87 per cent, to end at 11,278.90. During the session, it moved between 11,411.45 and 11,268.95.

Domestic institutional investors (DIIs) sold shares worth Rs 180.36 crore, while foreign portfolio investors (FPIs) also offloaded shares to the tune of Rs 106.54 crore Monday, provisional data showed.

"In the near term, we continue to maintain a cautious stance on the markets as volatility and choppiness is likely to remain high led by uncertain global cues, crude oil price movement, depreciating rupee (vs dollar) and muted domestic sentiments. However any further correction at this juncture should be considered as a healthy buying opportunity for investors in quality companies with strong financials and bright outlook," an analyst commented.

SBI emerged as the biggest loser in the Sensex pack with its shares plunging 4.06 per cent, while Tata Motors lost 3.36 per cent on nervous selling after unit Jaguar Land Rover said it will cut output at a UK car plant after warnings on the impact of Brexit and diesel policy.

Other laggards were Bajaj Auto 2.84 per cent, Axis Bank 2.81 per cent, Bharti Airtel 2.31 per cent, ICICI Bank 2.07 per cent, Vedanta 1.94 per cent, NTPC 1.68 per cent, Maruti Suzuki 1.56 per cent, PowerGrid 1.41 per cent, HDFC Ltd 1.20 per cent, L&T 1.16 per cent, IndusInd Bank 1.13 per cent, Kotak Bank 1.11 per cent, Asian Paints 1.08 per cent, Adani Ports 1.02 per cent, Infosys 1.02 per cent and RIL 0.74 per cent.

Hero MotoCorp 0.66 per cent, Sun Pharma 0.60 per cent, Tata Steel 0.52 per cent, Coal India 0.49 per cent, M&M 0.23 per cent and TCS 0.08 per cent also retreated.

Among the winners, HUL was the top performer, climbing 3.87 per cent, followed by Yes Bank at 1.43 per cent.

Wipro also rose 1.02 per cent, ONGC 0.93 per cent and ITC Ltd 0.23 per cent.

The government Monday said state-owned Bank of Baroda, Vijaya Bank and Dena Bank will be merged to create the country's third largest lender.

Reacting to development, shares of Bank of Baroda (BoB) cracked 16.03 per cent and Vijaya Bank fell 5.69 per cent. Dena Bank rallied 19.75 per cent.

Sector-wise, the BSE realty index shed 3.13 per cent, followed by PSU (2.43 per cent), power (2 per cent), telecom (1.75 per cent), bankex (1.68 per cent), utilities (1.68 per cent), metal (1.49 per cent), auto (1.47 per cent), finance (1.42 per cent), capital goods (1.36 per cent), infrastructure (1.36 per cent), oil & gas (1.08 per cent), energy (0.92 per cent), teck (0.82 per cent), healthcare (0.72 per cent) and IT (0.70 per cent).

In the broader markets, the small-cap index fell 1.51 per cent and the mid-cap gauge shed 1.49 per cent.

Elsewhere in Asia, most markets ended higher. Hong Kong's Hang Seng rose 0.56 per cent, Shanghai Composite Index up 1.82 per cent and Japan's Nikkei gained 1.41 per cent.

European markets too were trading positive in the early session. Frankfurt's DAX was up 0.54 per cent and Paris CAC 40 too gained 0.60 per cent. London's FTSE too moved up by 0.15 per cent in late morning deals. (PTI)

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Hello Jammu News at 3:05:00 PM 0

Mumbai, Sept 14: The BSE Sensex was trading nearly 200 points higher in late morning deals on sustained buying in most sectors led by realty, metal, power, basic materials, consumer durables, utilities, healthcare, auto and oil & gas stocks, amid a recovering rupee and positive global cues.

Investor sentiment was boosted as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low.

The 30-share index was trading at 37,905.54 showing a gain of 187.58 points, or 0.50 per cent at 1150 hrs.

The broader Nifty-50 index also trading higher at 11,442.40, up 72.50 points, or 0.64 per cent.

Major gainers were Vedanta, PowerGrid, Yes Bank, Sun Pharma and Asian Paints rising up to 3.47 per cent.

Meanwhile, on a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,086.39 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 541.44 crore on Wednesday, provisional data showed.

Overseas, Asia markets were trading higher. The gains, however, were capped by enduring concerns around trade following a tweet from US President Donald Trump.

Trump on Thursday said that Washington was "under no pressure to make a deal with China, they are under pressure to make a deal with us."

US stocks closed higher yesterday, with the S&P 500 up for a fourth straight session on the back of strong technology shares. (PTI)
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Hello Jammu News at 1:51:00 PM 0

Mumbai, Sep 14: The BSE benchmark Sensex reclaimed the 38,000-mark by surging over 300 points in opening trade Friday on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low.

The 30-share barometer pushed higher by 318.85 points, or 0.85 per cent, to 38,036.81. The gauge had risen 304.83 points in the previous session on Wednesday.

Sectoral indices were green across the board, with metal, power, PSU, realty and oil & gas stocks posting sizeable gains of up to 1.66 per cent.

The NSE index Nifty was trading above the 11,400-mark, up 84.90 points, or 0.75 per cent, at 11,454.80.

Buying activity picked momentum after data released by Central Statistics Office (CSO) on Wednesday showed that industrial production grew at 6.6 per cent in July, while retail inflation cooled to a 10-month low of 3.69 per cent in August.

The rupee's recovery by 50 paise to 71.68 against the dollar in early trade on the government's assurance that all steps would be taken to ensure the domestic currency does not depreciate to unreasonable levels also added to the momentum.

PowerGrid, emerged top gainer in the Sensex pack, rising 3 per cent, followed by Yes Bank at 2.11 per cent.

Other big gainers that lifted both the key indices were Maruti Suzuki, Sun Pharma, Vedanta, SBI, Adani Ports, IndusInd Bank, ONGC, NTPC, ICICI Banak, Coal India and Tata Steel.

However, stocks of software exporters such as Wipro, Infosys and TCS were under pressure after the rupee continued its recovery against the dollar.

Domestic institutional investors (DIIs) remained net buyers, picking up shares worth a net of Rs 541.44 crore on Wednesday. However, foreign portfolio investors (FPIs) gave up shares worth a net of Rs 1,086.39 crore, provisional data showed.

Stock exchanges remained closed Thursday on account of Ganesh Chaturthi.

Most other Asian markets too were in a better shape, tracking positive cues from Wall Street on optimism over China-US trade talks.

Hong Kong's Hang Seng rose 0.79 per cent, while Japan's Nikkei was up 0.97 per cent in their early deals. Shanghai Composite Index, however, was down 0.26 per cent.

The US Dow Jones Industrial Average had closed 0.57 per cent higher on Thursday. (PTI)
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Hello Jammu News at 1:25:00 PM 0

Mumbai, Sep 10: The BSE benchmark Sensex dropped 200 points in early deals Monday on negative global cues, widening current account deficit as rupee continued its fall to hit a fresh record low.

The BSE 30-share barometer fell by 206.85 points, or 0.54 per cent, to 38,182.97 in early trade.

The laggards include Yes Bank, PowerGrid, Kotak Bank, ONGC, Hero MotoCorp, HUL, HDFC Bank, ICICI Bank, HDFC, Tata Motors, Sun Pharma and Asian Paint Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki, falling up to 2.12 per cent.

The gauge had gained 371.51 points in the previous two sessions largely on value-buying in recently hammered stocks.

The NSE Nifty index too shed 44.50 points, or 0.38 per cent, at 11,544.60.

Brokers said weakness was seen in most Asian markets as investors were cautious amid fears of a possible escalation in the US-China trade conflict.

US President Donald Trump on Friday threatened tariffs on a further $267 billion worth of Chinese imports. While, Beijing has warned of retaliation if the US goes ahead with any new measures.

The rupee plunged to a new record low of 72.32 against the dollar by falling 59 paise in early trade, further dampening investor sentiment, they added.

Meanwhile, India's current account deficit (CAD) widened to USD 15.8 billion in April-June this year as against USD 15 billion in the same quarter of 2017-18 in value terms, mainly due to a higher trade deficit, according to RBI data released Friday.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 37.56 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 942.45 crore on Friday, provisional data showed.

Elsewhere in Asia, Hong Kong's Hang Seng shed 1.09 per cent, while Shanghai Composite Index dropped 0.63 per cent in their early trade. Japan's Nikkei too was down 0.04 per cent.

The US Dow Jones Industrial Average ended 0.31 per cent lower on Friday. (PTI)
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Hello Jammu News at 2:55:00 PM 0

Mumbai, Sep 7: The rupee was trading higher by 24 paise to 71.75 against the US currency in late morning deals on Friday due to sustained bouts of dollar selling from banks and exporters.

Earlier, the rupee resumed slightly higher at 71.95 against yesterday's closing level of 71.99 a dollar at the interbank foreign exchange market here.

The rupee traded in wide range as heavy dollar demand pulled down it to 72.04 only to be supported by good supply of dollars from Reserve Bank of India through banks which helped its recovery, It was trading 71.75 at 1025 hours.

The domestic unit hovered between 72.04 and 71.75 during morning deals.

Overseas, the US dollar moved in tight ranges against other major peers in early Asian trade, while eased against the yen after a report suggested that Japan would be the next country with which US President Donald Trump will take up trade issues.

Meanwhile, the 30-share BSE Sensex is trading higher by 44.75 points, or 0.12 per cent, at 38,287.56 at 1045 hours. (PTI)
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Hello Jammu News at 2:49:00 PM 0

Mumbai, Sep 7: The BSE Sensex erased earlier losses to trade higher by 52.34 points in late morning deals in a range-bound trade despite lower Asian cues even as the rupee recovered sharply from its earlier lows.

Good rally in telecom, consumer durables, FMCG, auto, energy, metal and realty stocks lifted the key indices.

The rupee too recovered 24 paise against the US dollar.

Banks, power and finance shares witnessed mild selling.

The 30-share index was trading at 38,295.15, showing a gain of 52.34 points, or 0.14 per cent, at 1100 hrs.

The broader Nifty-50 index was also trading higher at 11,556.90, up 20.00 points, or 0.17 per cent.

Major gainers were Bajaj Auto 3 per cent, Hero Motocorp 2.18 per cent, Tata Motors DVR 1.80 per cent, Tata Motors 1.72 per cent and Wipro 1.56 per cent.

Losers include, Sun Pharma 4.10 per cent, Yes Bank 3.14 per cent, SBIN 1.92 per cent and Power Grid 1.66 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 455.00 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 611.98 crore yesterday, provisional data showed.

Most Asian markets were trading lower amid ongoing concerns about global trade and emerging markets.

US stocks fell yesterday amid renewed selling in technology shares as the Trump administration eyed escalating the trade war. (PTI)
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Hello Jammu News at 1:17:00 PM 0

Mumbai, Sep 6: The BSE Sensex rebounded over 150 points in opening trade Thursday on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on mixed Asian trend.

The 30-share BSE index recovered by 164.46 points, or 0.43 per cent, to 38,182.77 in opening trade. It, however, lost some steam and was trading 48.46 points, or 0.13 per cent, higher at 38,066.87 at 0940 hrs.

The NSE Nifty was up 5.20 points, or 0.05 per cent, at 11,482.15.

Sectoral indices, including realty, metal, healthcare, consumer durables, PSU, FMCG and capital goods were trading in the positive zone by rising up to 1.39 per cent.

The Sensex had lost 878.32 points in the previous six sessions as rupee slumped to a record low of 71.97 (intra-day) amid trade US-China trade spat and concerns over rising global crude prices.

The rupee recovered from its record low by rising 9 paise to 71.66 against the dollar at the forex market today. The domestic unit had closed at record low of 71.75 after scaling intra-day record low of 71.97 Wednesday.

Major gainers were Coal India, PowerGrid, HUL, Tata Motors, Sun Pharma, Kotak Bank, Yes Bank, Asian Paint, Tata Steel, Wipro, SBI and RIL, rising up to 1.46 per cent.

While, Bharti Airtel, TCS, HDFC Bank, Axis Bank and HDFC were among the top losers, falling up to 0.64 per cent.

Domestic institutional investors (DIIs) made purchases worth a net of Rs 176.95 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 383.67 crore Wednesday, as per provisional data.

Overseas, most Asian shares were trading mixed, tracking higher closing in the US market overnight.

Shanghai Composite Index was up by 0.18 per cent, Hong Kong's Hang Seng shed 0.49 per cent. Japan's Nikkei too shed 0.23 per cent.

The US Dow Jones Industrial Average ended 0.09 per cent higher Wednesday. (PTI)

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Hello Jammu News at 10:48:00 AM 0

Mumbai, Aug 13: Reversing all its early gains, the Indian rupee nosedived to its life-time low of 69.62, tumbling by 79 paise against the US dollar in morning trade today in line with weakening domestic equities and global markets rout.

Increased demand for the US currency from importers and banks amid fresh foreign fund outflows mainly hit the rupee sentiment, forex traders said.

The rupee's previous record low was 69.13, marked on July 20, 2018.

On Friday, the rupee had lost 15 paise to end at 68.83 against the resurgent dollar.

Meanwhile, the BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade today on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, brokers said.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 510.66 crore Friday, as per provisional data. (PTI)
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Hello Jammu News at 10:43:00 AM 0

Mumbai, Aug 13: The BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade today on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, traders said.

The BSE 30-share barometer tanked 288.16 points, or 0.76 per cent, to 37,581.07. The gauge had lost 155.14 in the previous session.

Sectoral indices led by PSU, metal, infrastructure, power, oil & gas, auto, capital goods, realty and consumer durables were trading in the negative terrain, falling by up to 1.43 per cent.

The NSE Nifty was trading down by 83.75 points, or 0.73 per cent, at 11,345.75.

The laggards were Vedanta, Tata Motors, NTPC, HDFC, Power Grid, RIL, ONGC, ICICI Bank, HDFC Bank, Tata Steel, Maruti Suzuki, Asian Paints, Yes Bank, Adani Ports, Kotak Bank, Yes Bank and L&T, falling up to 3.98 per cent.

Foreign funds sold shares worth Rs 510.66 crore, while domestic institutional investors bought equities worth Rs 457.83 crore on Friday, provisional data showed.

Asian shares tumbled after investor sentiment took a hit amid the slump in the Turkish currency, lira, on geopolitical developments.

In the Asian region, Hong Kong's Hang Seng fell 1.44 per cent, Japan's Nikkei shed 0.83 per cent, while Shanghai Composite Index dipped 0.94 per cent in their late morning deals.

US stocks dropped on Friday, triggered by fears over the sell-offs in the lira after US President Donald Trump said he had approved the doubling of metal tariffs against Turkey on Friday.

The US Dow Jones Industrial Average ended 0.77 per cent lower on Friday. (PTI)
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Hello Jammu News at 1:24:00 PM 0

Mumbai, Aug 10: Retreating from its lifetime high, the BSE Sensex dropped 106 points in opening trade today on profit-booking in recent gainers amid a weak trend at other Asian markets.

The 30-share barometer fell by 106.02 points or 0.27 per cent to 37,918.35, with banking, PSU, metal, realty and FMCG stocks falling up to 0.30 per cent.

The gauge had gained 358.57 points in the previous two sessions.

Brokers said apart from profit-booking at record levels, a weak trend at other Asian markets following overnight losses on Wall Street dented the trading sentiment.

The wider NSE Nifty too receded from its record level and slipped 29.05 points, or 0.25 per cent to 11,441.65.

SBI, Coal India, HDFC, Sun Pharma, RIL, Tata Steel, Axis Bank, Tata Motors, HDFC Bank, IndusInd Bank, Wipro and Bajaj Auto were trading in the negative zone, falling up to 1.53 per cent.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 85.39 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 370.68 crore yesterday, provisional data showed.

Asian stocks slipped as investors assessed the impact of the latest tit-for-tat in the US-China trade war.

Hong Kong's Hang Seng was down 0.40 per cent, Japan's Nikkei shed 0.53 per cent and Shanghai Composite Index fell 0.15 per cent.

The US Dow Jones Industrial Average ended 0.29 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 12:58:00 PM 0

Mumbai, Aug 9: The BSE Sensex hit the 38,000 level for the first time today on widespread buying in banking, energy and PSU stocks amid unabated inflows by domestic and foreign institutional investors.

The broader NSE Nifty too touched a new peak of 11,495.20.

The 30-share Sensex climbed 162.56 points, or 0.42 per cent, to 38,050,12 in early trade today, breaching its previous intra-day record of 37,931.42 hit yesterday.

Strong gains in banking, oil and gas, PSU, realty, healthcare, IT, teck, metal, infrastructure, capital goods, FMCG, power and auto stocks spurred the index higher.

The NSE Nifty spurted 45.20 points, or 0.39 per cent, to 11,495.20, surpassing its previous (intra-day) record of 11,459.95 hit yesterday.

Analysts said strong liquidity in the market following unabated buying by foreign as well as domestic institutional investors and encouraging Q1 earnings bolstered sentiment.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 568.63 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 30.25 crore yesterday, provisional data showed.

Asian shares were mixed in early trade amid rising trade tensions between the US and China.

Hong Kong's Hang Seng was up 0.89 per cent and Shanghai Composite Index surged 1.83 per cent, while Japan's Nikkei shed 0.27 per cent in early deals.

US stock market indices closed mostly lower yesterday as investors grappled with a fresh round of tariff clashes between the Trump administration and China.

The US Dow Jones Industrial Average ended 0.18 per cent lower yesterday. (PTI)
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Hello Jammu News at 1:52:00 PM 0

Mumbai, Aug 7: The rupee weakened by another 5 paise to trade at fresh two-week low of 68.93 against the US dollar in early session today due to increased demand for the American currency from importers as global trade war concerns rise.

The dollar's gains against other currencies on escalating trade war worries between the United States and China, also impacted the rupee sentiment, currency dealers said.

They said, a higher opening of the domestic equity market, however, capped the rupee's losses.

Yesterday, the rupee dropped by 28 paise to end at 68.88 against the US dollar on frantic demand for the US currency from importers and corporates.

Meanwhile, the benchmark BSE Sensex rose by 184.98 points, or 0.49 per cent, to quote an all-time high of 37,876.87 in opening trade today. (PTI)
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Hello Jammu News at 1:05:00 PM 0

Mumbai, Aug 2: The BSE Sensex dropped over 200 points to 37,373.08 today on heavy selling in metal, auto, banking, capital and realty stocks amid sustained capital outflows by foreign funds after the RBI yesterday hiked repo rate for the second time in two months.

The repo rate, at which the central bank lends to other banks, now stands at 6.5 per cent.

Moreover, fall in Asian stocks on renewed US-China trade war concerns influenced the sentiment here, brokers said.

The 30-share index dropped 248.42 points, or 0.66 per cent, to 37,273.20. The gauge had lost 84.96 points in yesterday's session.

Similarly, the NSE Nifty fell 72.80 points, or 0.64 per cent to 11,273.40.

Sectoral indices led by metal, auto, banking, capital goods and realty, falling up to 1.30 per cent.

Major losers were Vedanta, Tata Steel, Yes Bank, Tata Motors, Maruti Suzuki, Hero Motocorp, M&M, HDFC, RIL, Bajaj Auto, Bharti Airtel, SBI, Kotak Bank, ICICI Bank, Adani Ports, NTPC, Axis Bank and HDFC Bank, losing up to 2.64 per cent.

Meanwhile, Sun Pharma, PowerGrid, Coal India, HUL, IndusInd Bank, ONGC and Infosys rose up to 1.42 per cent.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 95.94 crore yesterday and domestic institutional investors (DIIs) sold shares worth Rs 562.33 crore, provisional data showed.

Elsewhere in Asia, Japan's Nikkei fell 0.36 per cent and Hong Kong's Hang Seng shed 0.54 per cent in early trade. China's Shanghai Composite index too was down 0.33 per cent.

US stocks closed mostly lower yesterday after the Federal Reserve left interest rates unchanged but signalled another imminent rate increase. Fresh worries over US-China trade friction too dampened sentiment.

The Dow Jones Industrial Average ended 0.32 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 12:39:00 PM 0

Mumbai, Aug 1: Breaking all previous records, the BSE Sensex advanced by over 80 points to hit a new peak of 37,690.23, while the Nifty scaled a fresh high of 11,378.95 in opening trade ahead of the Reserve Bank's bi-monthly policy meet outcome due later in the day.

The 30-share index surged 83.65 points, or 0.22 per cent, to an all-time high of 37,690.23.

The gauge had gained 1,110.21 points in the previous seven record-setting sessions and closed at an all-time high of 37,606.58 points in the previous session.

The broader NSE Nifty too hit a new high by rising 22.45 points, or 0.19 per cent, to 11,378.95.

All sectoral indices led by oil & gas, FMCG, PSU, metal and banking stocks rose up to 0.95 per cent.

Brokers said investors were seen raising bets ahead of the monetary policy announcement, and foreign institutional investors too showed buying interest.

Shares of Bajaj auto, Vedanta, TCS, Bharti Airtel, Kotak Bank, IndusInd Bank, M&M, ITC, SBI, Maruti Suzuki, Asian Paints, RIL, Coal India, Axis Bank and Yes Bank, rose up to 1.64 per cent.

Among the top losers were Tata Motors, Axis Bank, NTPC, Infosys and HDFC, falling up to 3 per cent.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net of Rs 572.21 crore, while domestic institutional investors (DIIs) sold shares worth a net of Rs 290.87 crore yesterday, provisional data showed.

Asian stocks edged higher, following overnight gains in Wall Street, as a report of attempts to renew talks between the US and China eased trade war fears, but investors will be keeping a close eye on US Fed policy outcome due today.

Japan's Nikkei rose 0.54 per cent, Hong Kong's Hang Seng edged up 0.35 per cent and Shanghai Composite Index rose 0.21 per cent in early trade.

The US Dow Jones Industrial Average ended 0.43 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:32:00 PM 0

Mumbai, Jul 27: The Sensex rallied over 300 points, and Nifty breached the 11,200 mark for the first time in early trade today, as ITC lifted benchmark bourses to fresh life-time highs after posting strong Q1 results.

Better-then-expected quarterly earnings by select index heavyweights, positive Asian cues and firm foreign capital inflows boosted investor sentiment here.

Keeping up its record setting spree for the fifth straight session the 30-share Sensex added 308.77 points, or 0.83 per cent, to hit a new peak of 37,293.41.

The index had gained 633.41 points in the previous five straight sessions.

NSE Nifty, too, jumped 77 points or 0.69 per cent to quote at new high of 11,244.30.

All BSE sectoral indices, led by FMCG, metal, consumer durables, banking, power and auto, rose up to 1.27 per cent.

ITC was the top gainer in the Sensex pack, surging 6.48 per cent to Rs 305.75, after it posted 10 per cent increase in standalone net profit at Rs 2,818.68 crore for the first quarter ended on June 30, 2018, aided by lower expenses, good growth in agri-business and other FMCG business despite decline in cigarettes sales.

Other gainers were Tata Steel, ICICI Bank, Hero MotoCorp, Bajaj Auto, Asian Paints, Kotak Bank, Bharti Airtel, Tata Motors, HDFC Bank, Vedanta, HDFC and Wipro, surging up to 3 per cent.

RIL rose 0.45 per cent to Rs 1,115.45, ahead of its quarterly earnings scheduled today.

Brokers said investors were busy creating new positions following the beginning of the August futures and options (F&O) series leading to the rally.

Moreover, data showing that foreign institutional investors made sizeable buying yesterday, buoyed sentiment.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 2,453.57 crore, while domestic institutional investors (DIIs) sold shares worth a net of Rs 2,716.04 crore yesterday, provisional data showed.

Overseas, Asian stocks edged higher following a series of steps by China shifting to stimulus mode.

Japan's Nikkei quoted 0.28 per cent higher, Hong Kong's Hang Seng gained 0.03 per cent in the early trade.

However, China's Shanghai composite index shed 0.06 per cent.

The Dow Jones Industrial Average ended 0.44 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:41:00 PM 0

Mumbai, Jul 26: The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues.

NSE Nifty too touched a new peak of 11,172.20.

Short-covering of bets, today being the last session of July expiry in the derivatives segment, and strengthening rupee against the dollar, kept the overall market sentiment high.

The 30-share index crossed the 37,000-mark by jumping 156.42 points, or 0.42 per cent, to 37,014.65 in early trade today, breaching its previous intra-day record of 36,947.18 hit yesterday.

Strong gains in capital goods, FMCG, realty, banking, PSU, auto, healthcare, infrastructure, consumer durables and oil and gas stocks helped the index top the new milestone.

The NSE Nifty spurted 40.20 points, or 0.36 per cent, to hit a new peak of 11,172.20, surpassing its previous (intra-day) record of 11,171.55 hit on January 29.

Analysts said strong liquidity in the market following unabated buying by domestic institutional investors (DIIs) and encouraging Q1 earnings by some companies lifted the mood.

On a net basis, DIIs bought shares worth Rs 97.64 crore while foreign portfolio investors (FPIs) sold shares worth Rs 1,195.75 crore yesterday, provisional data showed.

Top gainers that helped Sensex scale its new peak were SBI, Bharti Airtel, Tata Motors, ITC, Coal India, L&T, ONGC, HDFC Bank, RIL, Maruti, M&M, Bajaj Auto, IndusInd Bank, Kotak Bank and HDFC, rising up to 1.79 per cent.

While, Asian Paints, Hero MotoCorp, Wipro and Infosys were among the top losers, shedding up to 1 per cent.

Asian stocks climbed tracking gains in US shares. US equities advanced yesterday, after US President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war.

Hong Kong's Hang Seng was up 0.56 per cent, Japan's Nikkei gained 0.02 per cent in early deals.

Shanghai Composite Index, however, shed 0.01 per cent.

The US Dow Jones Industrial Average ended 0.68 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:35:00 PM 0

Mumbai, Jul 26: The rupee continued to recover for the second day, climbing 10 paise to 68.69 against the US dollar on increased selling of the greenback by exporters and banks amid rising domestic equity market.

Forex dealers said, besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.

The dollar's weakness against some currencies overseas as the country's new home sales data came out disappointing, supported the rupee.

Yesterday, the local currency had rebounded by 15 paise to end at a fresh one-week high of 68.79 against the greenback on bouts of dollar selling by exporters and corporates.

Meanwhile, the benchmark BSE Sensex rose by 156.42 points, or 0.42 per cent, to quote an all-time high of 37,014.65 in early trade today. (PTI)
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