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Hello Jammu News at 12:11:00 PM 0

The benchmark Sensex rose marginally in early trade on Thursday, reversing its two-session losing streak on buying in select bluechips by domestic investors amid positive Asian cues.Investor sentiment, however, was cautious amid global headwinds, turning key indices choppy.

Mumbai, Jan 24 (PTI) The benchmark Sensex rose marginally in early trade on Thursday, reversing its two-session losing streak on buying in select bluechips by domestic investors amid positive Asian cues.Investor sentiment, however, was cautious amid global headwinds, turning key indices choppy. 

The 30-share index gained 28.27 points, or 0.08 per cent, at 36,136.74 after rising to 36,1789.36 at the outset.

It also slipped below the 36,000-mark to touch a low of 35,996.68 in early trade.

The gauge had lost 470.49 points in the previous two sessions.

In similar movement, the NSE Nifty edged up by 3.65 points, or 0.03 per cent, to 10,835.15.

After many days, Nifty saw a strong reaction, as the index formed a strong bearish candle which indicates the dominance of sellers, said an Emkay Global Financial Services report. 

"With this fall, the index has breached its prior 5-day low. After several failed attempts to breach the 11,000 level and strong reaction, there is a mark of strong resistance. Still, the index is in an ascending triangle and the breakout of it will dictate further trend," it added.
According to analysts, investors are taking a cautious approach given their focus on global headwinds and upcoming general election. 

"While foreign institutional investors (FIIs) are sellers in the market, expectations of a slow pace in US Fed rate hike and possibility of rate cut in India will ease liquidity crunch in the market," they added. 

Domestic institutional investors (DIIs) made purchases worth Rs 583.77 crore, while FIIs sold shares worth a net of Rs 775.82 crore on Wednesday, as per provisional data.

Major gainers include ITC, PowerGrid, NTPC, HCL Tech, Asian Paint, HUL, Hero MotoCorp, Bajaj Finance, Bharti Airtel, TCS, Maruti Suzuki, ONGC and SBI, rising up to 1.64 per cent.

On the other hand, Tata Motors, Infosys, Tata Steel, M&M, Coal India, L&T and IndusInd Bank were under selling pressure, limiting the gains on key indices.

Elsewhere in Asia, Hong Kong's Hang Seng was up 0.22 per cent, Shanghai Composite Index rose 0.61 per cent, Taiwan's index was up 0.16 per cent in their early deals. Singapore's Straits Times rose 0.35 per cent and Korea's Kospi rose 0.42 per cent.

The US Dow Jones Industrial Average ended 0.70 per cent higher Wednesday following a batch of strong earnings reports.


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Hello Jammu News at 11:35:00 AM 0

The equity benchmark BSE Sensex Thursday rose over 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.


Mumbai, Dec 13 (PTI) The equity benchmark BSE Sensex Thursday rose over 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here.

Rising for the third straight session, the 30-share index was trading higher by 263.70 points, or 0.74 per cent, at 36,042.77.

The NSE Nifty reclaimed the 10,800 mark, rising 76.95 points, or 0.72 per cent, to 10,814.55.

The Sensex Wednesday zoomed 629.06 points, or 1.79 per cent, to end at 35,779.07, while the broader NSE Nifty rallied 188.45 points, or 1.79 per cent, to 10,737.60.

Top gainers in morning trade include Yes Bank, SBI, Tata Motors, Vedanta, BHarti Airtel, Infosys, HUL, Asian Paints, Wipro and ITC, rising up to 3 per cent.

Sun Pharma, on the other hand, was the top losers on both indices, falling up to 2 per cent, after market regulator Sebi Wednesday said it was examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries.

A whistleblower had last month approached Sebi with a document alleging various irregularities by the company, its promoter Shanghvi and others.

Other losers include Hero MotoCorp, Coal India and HDFC, shedding up to 1 per cent.

According to traders, investor sentiment on Dalal Street was positive on expectation that new RBI Governor Shaktikanta Das would work more closely with the government.

Das was appointed RBI chief Tuesday evening -- within a day after the sudden resignation of Urjit Patel -- following deep friction between the RBI and the government over a host of issues, including the central bank's governance, capital reserves and also certain regulatory policies like the PCA framework for half the state-run banks and credit concerns to some key vote-banks in the industry.

"The government is not just a stakeholder, it also runs the economy and the country and manages major policy decisions. There has to be free, fair, objective, and frank discussions between the government and RBI," Das, the former finance secretary who oversaw the controversial note-ban exercise, told reporters in his maiden address.

The rupee, meanwhile, opened 31 paise higher at 71.70 against the US dollar.

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.

Elsewhere in Asia, Hong Kong's Hang Seng was up 1.40 per cent, Japan's Nikkei gained 0.99 per cent, and Shanghai Composite Index rose 1.60 per cent in early trade.

On Wall Street, The Dow Jones Industrial Average index rose 157.03 points, or 0.64 per cent, to 24,527.27 on Wednesday.


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Hello Jammu News at 11:40:00 AM 0
Rising for the second straight session, the equity benchmark BSE Sensex Wednesday advanced over 300 points in early trade after former bureaucrat Shaktikanta Das was named as the new governor of the RBI.



Mumbai, Dec 12 (PTI) Rising for the second straight session, the equity benchmark BSE Sensex Wednesday advanced over 300 points in early trade after former bureaucrat Shaktikanta Das was named as the new governor of the RBI.

The 30-share index was trading higher by 324.94 points, or 0.92 per cent, at 35,474.95. All the sectoral indices, led by banking, auto, and consumer durables stocks were trading in the positive zone.

The NSE Nifty too rose by 98.50 points, or 0.93 per cent, to 10,647.65.

Top gainers on the BSE include Yes Bank HeroMotocorp, Bharati Airtel, M&M, Tata Steel, Kotak Bank, Tata Motors and Axis Bank.

Brokers said investor sentiment got a boost after the appointment of the new RBI Governor on hopes that it will now address the liquidity issue and could help public sector banks in their recapitalisation programme, besides helping in stabilising short-term investor sentiment.

Das was Tuesday named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

The Sensex had Tuesday rose 190.29 points to end at 35,150.01, after falling over 500 points intra-day. And the broader NSE Nifty rose 60.70 points to end at 10,549.15.

Asian market rallied in the morning trade after the US President Donald Trump appeared hopeful of a trade deal with China. Japan's Nikkei was trading higher by 1.96 per cent and Shanghai Composite Index 0.20 per cent.

Meanwhile, the rupee plunged 32 paise to 72.17 per US dollar in early trade. And the global benchmark Brent crude was trading higher by 1.08 per cent at 60.85 per barrel. PTI BAL AMS


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Hello Jammu News at 12:41:00 PM 0


Mumbai, Oct 17 (PTI) The equity benchmark Sensex rallied for the fourth straight session Wednesday, and jumped 267 points, on encouraging second quarter earnings by tech major Infosys and positive global cues.

The 30- share Sensex soared 267.26 points, or 0.76 per cent, to 35,429.74. It had rallied 1,161 points in the previous three sessions.

The broader NSE Nifty was quoting well above the key 10,600-mark. Nifty was up 81.70 points, or 0.77 per cent, to trade at 10,666.45 

Traders said the bullish movement was in line with upbeat Asian shares, following overnight gains at the Wall Street coupled with encouraging earnings by Infosys.

Reliance Industries is scheduled to announce its second quarter earnings later in the day.

Reflecting the bullish mood, all the sectoral indices, led by teck, bankex and realty were trading in positive zone with gains up to 1.47 per cent.

Infosys emerged the top gainer in the Sensex pack, by surging 2.68 per cent after the company Tuesday posted a 10.3 per cent jump in its September quarter consolidated net profit at Rs 4,110 crore, helped by strong deal pipeline and traction in digital revenues.

Other big gainers were ICICI Bank, SBI, Yes Bank, Adani Ports, HUL, Vedanta Ltd, IndusInd Bank, Maruti Suzuki, HDFC Bank, Asian Paint, Axis Bank, Coal India, TCS, Bajaj Auto, PowerGrid, Kotak Bank, Bharti Airtel, RIL, Tata Motors, HDFC Ltd, ITC Ltd and Sun Pharma, rising by up to 1.35 per cent.

Domestic institutional investors bought shares worth Rs 1,059.44 crore, as per provisional data available on the BSE.

Japan's Nikkei rose 1.53 per cent, Korea gained 1.19 per cent, while Shanghai Composite up 0.10 per cent. Taiwan too rose 0.80 per cent. Financial markets in Hong Kong are closed today.

The US Dow Jones Industrial Average ended 2.17 per cent up on Tuesday on the back of strong earnings and solid economic data.

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Hello Jammu News at 11:32:00 AM 0


Mumbai, Oct 16 (PTI) The benchmark BSE Sensex gained almost 219 points to reclaim the 35,000-mark in early trade Tuesday as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues.


Moreover, continuous buying by domestic financial institutions also supported the trading sentiment.

Rising for the third straight session, the 30-share index gathered 218.81 points, or 0.63 per cent, to 35,083.91 with all the sectoral indices led by auto, realty, consumer durables, capital goods and bankex trading higher by up to 1.15 per cent.

The gauge had rallied 864 points in the previous two sessions.

The NSE index Nifty too climbed 60.70 points, or 0.58 per cent, to trade at 10,573.20.

Brokers said increased buying by investors ahead of quarterly earnings from Infosys and a few other bluechip companies later in the day and a firming trend at other Asian bourses after a week of heavy losses, buoyed trading sentiment here.

Major gainers were Asian Paint, IndusInd Bank, Adani Ports, M&M, HUL, ICICI Bank, Yes Bank, Maruti Suzuki, SBI, Tata Motors, ONGC, Vedanta Ltd, HDFC Ltd, Tata Steel, Bharti Airtel, Hero MotoCorp, Infosys and Bajaj Auto, rising by up to 2.80 per cent.

Domestic institutional investors (DIIs) bought shares worth Rs 294.78 crore, while foreign institutional investors made purchases worth Rs 67.86 crore on Monday, as per provisional data issued by the stock exchanges.

Among other Asian markets, Japan's Nikkei rose 0.61 per cent, Korea up 0.03 per cent and Singapore gained 0.11 per cent in their late morning trade. Hong Kong's Hang Seng, however, was down 0.24 per cent.

The US Dow Jones Industrial Average shed 0.35 per cent on Monday.
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Hello Jammu News at 11:37:00 AM 0


Mumbai, Oct 15 (PTI) The BSE benchmark Sensex after reclaiming the 35,000-mark fell 71 points to quote at 34,662.73 Monday, as the IIP slipped to a three-month low in August and retail inflation rose marginally in September.


Besides, weak Asian cues on worries over China-US trade dispute influenced sentiment.

The 30-share barometer pushed lower by 70.85 points, or 0.20 per cent, to 34,662.73. It opened higher and touched a high of 35,008.65. The gauge had climbed 732.43 points in the previous session on Friday.

Sectoral indices were negative across the board, with oil&gas, auto, consumer durables, PSU, bankex, capital goods, metal, infrastructure and realty falling by up to 1.25 per cent.

The NSE index Nifty was trading lower by 21.85 points, or 0.21 per cent, at 10,450.65 after shuttling between 10,524.60 and 10,432.

Selling activity emerged after data released by Central Statistics Office (CSO) on Friday showed that industrial production slipped to a three-month low of 4.3 per cent in August, while retail inflation up marginally to 3.77 per cent in September.

Meanwhile, the rupee depreciated by 36 paise paise to 73.93 against the dollar in early trade after Brent crude again went past the USD 81 a barrel, which also dampened sentiments.

Hindustan Unilever, emerged top loser in the Sensex pack, falling 3.28 per cent, followed by ICICI Bank at 2.46 per cent.

Other big losers that dragged both the key indices were Maruti Suzuki, Axis Bank, L&T, Bharti Airtel, Bajaj Auto, PowerGrid, Kotak Bank, Coal India, Adani Ports, Asian Paint, HDFC Ltd, SBI, Vedanta Ltd and Tata Steel.

However, stocks of Sun Pharma, ITC LGd, TCS, Infosys, RIL and Wipro were trading higher.

Foreign portfolio investors (FPIs) gave up shares worth a net of Rs 1,322 crore, while Domestic institutional investors (DIIs) remained net buyers, picking up shares worth a net of Rs 1,287 crore on Friday, provisional data showed.

Most other Asian markets too were down on trade war worries and surging crude prices following rising diplomatic tensions between Riyadh and the West.

Japan's Nikkei fell 1.39 per cent, Hong Kong's Hang Seng shed 1.30 per cent, Taiwan was down 1.10 per cent in their early deals. Shanghai Composite Index, however, was flat.

The US Dow Jones Industrial Average had closed 1.15 per cent higher on Friday.

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Hello Jammu News at 5:48:00 PM 0


Mumbai, Oct 12 (PTI) Driven by fall in crude prices and the recovery in rupee, the BSE Sensex Friday posted its biggest single-day gain in 19 months, soaring over 700 points as global markets rebounded after two straight sessions of losses.

The rupee strengthened 53 paise to 73.59 (intra-day) against the US dollar in the forex market.

Both indices ended the week higher for the first time in six weeks. During the period the Sensex climbed 366.59 points and Nifty rose 156.05 points.

After opening on strong footing, the Sensex advanced to hit a high of 34,808.42 on buying momentum after retail investors returned to the market.

It later gave up some of the gains, but still ended notably higher by 732.43 points, or 2.15 per cent, at 34,733.58. The index posted its biggest single-day gain since March 2017.

The broader Nifty ended the week at 10,472.50, up 237.85 points, or 2.32 per cent. It touched a high of 10,492.45 points in day trade.

Investors lapped up recently-hammered auto, realty, metal, oil and gas, FMCG, banking, power, infrastructure, IT, auto, and capital goods stocks amid unabated funds inflow by domestic institutional investors (DIIs) ahead of the release of key IIP numbers for August and inflation data for September scheduled later in the day.

Bear operators, who had been creating short-positions in the past several sessions, were seen covering up positions, brokers said.

"The whiplash in equities this week continued as market rallied strongly, driven by a good start to earnings season by IT bellwether TCS, a drop in crude oil prices, a drop in gilt bond yields and a strengthening currency," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Market has been deeply oversold, and investors were additionally buoyed by news that inflows into equity... Foreign investor (FI) selling was offset by domestic buyers, he added.

Oil prices, after easing near 3 per cent in the previous two days, gained marginally Friday. Brent was up 1.16 per cent to USD 81.19 a barrel.

Domestic institutional investors (DIIs) made purchases worth a net of Rs 1,888 crore Thursday, while foreign institutional investors (FIIs) sold shares to tune of Rs 2,869 crore provisional data showed.

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Hello Jammu News at 11:34:00 AM 0


Mumbai, Oct 12 (PTI) The BSE benchmark Sensex staged a strong comeback by recovering over 600 points in opening trade Friday following fresh purchases made by domestic investors ahead of key macroeconomic data to be released later in the day, fall in global crude prices and rupee recovery.

Positive leads from most other Asian markets too fuelled the uptrend.

The 30-share Sensex climbed 639.80 points, or 1.88 per cent, to 34,640.95 with all the sectoral indices trading in the positive zone.

The gauge had plummeted over 750 points to end at a six-month low.

The NSE Nifty was trading above the 10,400-mark, up 174.30 points, or 1.70 per cent, at 10,408.95.

Meanwhile, the rupee strengthened by 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Brokers said besides rupee recovery, built-up of positions by investors ahead of index of industrial production (IIP) numbers for August and inflation data for September - to be released later in the day - too impacted investor sentiment here.

In the Sensex pack, prominent gainers were M&M, Yes Bank, Maruti Suzuki, Adani Ports, IndusInd Bank, Vedanta, Asian Paints, RIL, Tata Steel, ICICI Bank, ITC, Hero MotoCorp, Coal India, Axis Bank, Kotak Bank, HDFC Bank, Sun Pharma, HDFC and Bajaj Auto, rising up to 4.08 per cent.

However, shares of country's largest software exporter TCS fell 2.13 per cent even after the company Thursday reported a 22.6 per cent jump in consolidated net profit at Rs 7,901 crore in the July-September 2018 quarter.

Shares of oil marketing companies such as HPCL, BPCL and IOC remained strong and rose further by up to 5.33 per cent on falling global crude oil prices.

Brent crude, the international benchmark, fell 3 per cent to quote at USD 80.37 a barrel.

Stocks of Aviation companies - Spcejet, InterGlobe and Jet Airways - too were in better shape, rising up to 5.02 per cent, supported by falling crude prices.

Domestic institutional investors (DIIs) made purchases worth a net of Rs 1,888 crore Thursday, provisional data showed.

Elsewhere in Asia, Hong Kong's Hang Seng was up 1.11 per cent, Singapore rose 0.18 per cent, and Taiwan gained 1.17 per cent in their late morning deals. However, Japan's Nikkei was down 0.25 per cent and Shanghai Composite Index shed 0.12 per cent.

The US Dow Jones Industrial Average fell over 2 per cent in Thrusday's trade.

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Hello Jammu News at 12:19:00 PM 0


Mumbai, Oct 11 (PTI) Benchmark BSE Sensex Thursday crashed over 1,030 points to slip below the key 34,000-mark in early trade, tracking a global sell-off as the rupee hit yet another record low of 74.45 against the US dollar.


Traders attributed the carnage in domestic bourses to the sell-off in international bourses after US stocks tumbled on heavy correction in tech stocks, fresh concerns over Fed rate hike and looming impact of the US' trade war with the China.

Rising 10-year US treasury bonds, jumping above 3 per cent last week and the International Monetary Fund (IMF) slashing its global growth forecast and weakness in emerging markets, too spooked investors.

The 30-share BSE Sensex, which had gained 461.42 points Wednesday, slipped below the 34,000-mark by crashing 1,030.40 points, or 2.95 per cent, to 33,730.49 in opening trade.

The broader Nifty slipped below the 10,200-mark by tumbling 281.70 points, or 2.69 per cent, to 10,178.70.

Widespread selling pulled down all sectoral indices led by realty, IT, metal and banking, that fell up to 3.66 per cent.

Top laggards include SBI, Tata Steel, Infosys, Axis Bank, Bharti Airtel, Yes Bank, Maruti Suzuki, HUL, TCS, HDFC, ICICI Bank, Adani Ports, Wipro, Tata Motors, ITC, Coal India, Bajaj Auto, L&T, Sun Pharma IndusInd Bank and M&M, dropping up to 3.99 per cent 

In the forex market, the rupee slumped by 24 paise to an all-time low of 74.45 against the dollar due to heavy demand for the US currency from importers.

Foreign portfolio investors sold shares worth a net of Rs 1,096 crore Wednesday, provisional data showed.

Elsewhere in Asia, Japan's Nikkei plunged 3.41 per cent, Hong Kong's Hang Seng lost 3.53 per cent, Singapore exchange was down 2.64 per cent and the Korean bourse fell 2.28 per cent in late morning deals.

The US Dow Jones Industrial Average slumped 3.15 per cent Wednesday, its biggest fall since February.

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Hello Jammu News at 11:56:00 AM 0


Mumbai, Oct 10 (PTI) BSE benchmark Sensex rose over 200 points in early trade Wednesday following gains in auto, metals and banking stocks amid unabated buying by domestic institutional investors and rupee recovery.


The 30-share index spurted 220.38 points, or 0.64 per cent, to 34,519.85. The barometer had lost 175 points on Tuesday.

Sectoral indices, led by capital goods, auto, oil and gas, metal and healthcare, rose up to 1.50 per cent.

The NSE Nifty too was up by 45.55 points, or 0,43 per cent, at 10,346.60.

The rupee was trading higher by 23 paise at 74.16 against the American currency in early deals.

There was continued buying by domestic institutional investors (DIIs) as well as select purchases by retail investors, traders said.

Besides, RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet festive season demand for funds also boosted the sentiment here, they added.

Prominent gainers include Hero MotoCorp, ONGC, Vedanta, Bajaj Auto, Tata Motors, Bharti Airtel, Maruti Suzuki, Kotak Bank, RIL, Tata Steel, Axis Bank, Sun Pharma, HDFC Ltd, L&T, Coal India, SBI and ICICI Bank, rising up to 2.87 per cent.

Meanwhile, DIIs bought shares worth a net of Rs 1,526 crore, while foreign institutional investors (FIIs) pulled out a net Rs 1,242 crore Tuesday, as per provisional stock exchange data.

Cues from other Asian markets were mixed.

Hong Kong's Hang Seng was up 0.34 per cent, while Shanghai Composite fell 0.25 per cent. Japan's Nikkei too shed 0.26 per cent.

The Dow Jones Industrial Average in the US ended 0.21 per cent lower Tuesday.

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Hello Jammu News at 11:57:00 AM 0



Mumbai, Oct 8 (PTI) Wiping off early losses, benchmark indices rebounded to trade in the positive zone in late morning trade Monday as banking, oil and gas, auto, healthcare and FMCG shares witnessed fresh spells of buying and short-covering by investors.

The BSE Sensex was trading higher by 118.92 points, or 0.35 per cent, at 34,495.91 at 1125 hrs. The gauge had touched a low of 34,031.98 points in early trade.

In the previous three sessions the gauge had plunged by 2,149.15 points.

The broader Nifty also reclaimed the 10,300-mark by recovering 40.25 points, or 0.39 per cent, to 10,356.70.

Domestic institutional investors (DIIs) bought shares worth Rs 1,902.07 crore on Friday, provisional data showed.

Yes Bank emerged top Sensex gainer by rising 4.63 per cent, followed by RIL gaining 4.08 per cent.

Other gainers include, Hero MotoCorp, Coal India, SBI, Asian Paints, Kotak Bank, ONGC, ICICI Bank, Bajaj Auto, Maruti Suzuki, Tata Motors, ITC, Infosys, Sun Pharma and Adani Ports, rising up to 3.31 per cent.

In the auto space, Bajaj Auto, Tata Motors and M&M, too, were in keen demand largely on the back of encouraging sales data for September and gained up to 1.51 per cent.

The BSE oil and gas index gained the most by surging 2.86 per cent, while PSU index rose 1.20 per cent.

Bankex, infrastructure, auto, FMCG, healthcare, capital goods, too, were trading in the positive terrain, rising up to 0.87 per cent.

Meanwhile, foreign investors pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital market in the last four trading sessions.

Elsewhere in Asia, Hong Kong's Hang Seng was down 51.30 points, and Singapore benchmark SGX shed 21.80 points. Chinese markets which opened after a long holiday were also down, with Shanghai Composite Index and Taiwan trading lower.


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Hello Jammu News at 11:52:00 AM 0


Mumbai, Oct 8 (PTI) The BSE Sensex fell over 150 points and the NSE Nifty dropped below the 10,300-level in early trade Monday on unabated foreign fund outflow amid weak Asian cues and the weakness in rupee.


Falling for the fourth straight session, the BSE 30-share barometer fell 169.20 points, or 0.53 per cent, to 34,207.79 after hitting a low of 34,106.24. 

The gauge had plunged by 2,149.15 points in the previous three sessions.

Sectoral indices, led by metal, realty, consumer durables, capital goods, healthcare, auto, FMCG, power and teck, were trading in the negative terrain, falling up to 3.38 per cent.

The NSE Nifty fell 88.85 points, or 0.86 per cent, to 10,227.60.

Top laggards include Vedanta, Tata Steel, Adani Ports, HDFC, Wipro, L&T, RIL, Bajaj Auto, ITC, Maruti Suzuki, HUL, Sun Pharma, ICICI Bank, TCS, Bharti Airtel, IndusInd Bank, M&M and Axis Bank, dropping by up to 6.58 per cent.

However, Yes Bank, Coal India, SBI, ONGC, PowerGrid and Kotak Bank were trading in the green on value buying.

Foreign funds sold shares worth a net of Rs 3,370.14 crore, while domestic institutional investors bought equities worth Rs 1,902.07 crore Friday, provisional data showed.

Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital market in the last four trading sessions.

Brokers said besides unabated foreign fund outflows, losses at other Asian markets, led by China and Friday's losses in the US market, dampened trading sentiments here.

Hong Kong's Hang Seng fell 0.87 per cent, while Taiwan TSEC index shed 0.78 per cent in their late morning deals. Shanghai Composite Index fell 2.95 per cent. Japanese markets are closed Monday for a public holiday.

The US Dow Jones Industrial Average ended 0.68 per cent down on Friday.

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Hello Jammu News at 1:24:00 PM 0

Mumbai, Sep 18: Benchmark indices turned volatile in early trade Tuesday on escalating global trade concerns after US President Donald Trump announced new tariffs on an additional USD 200 billion worth of imports from China.

The 30-share BSE index gained 159.93 points, or 0.42 per cent in opening trade, but soon turned choppy falling 37.10 points, or 0.10 per cent, to 37,548.41.

The gauge had lost 505.13 points in the previous session as rupee woes and trade war worries spooked investors despite the government announcing measures to stem a steep fall in the domestic currency.

The NSE Nifty, too, turned negative and was trading 10.60 points, or 0.09 per cent, lower at 11,367.15.

Investors were cautious 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.

Top losers include Vedanta, Tata Motors, PowerGrid, SBI, ICICI Bank, Wipro, Bharti Airtel, Infosys and HDFC falling up to 1.60 per cent.

While HUL, Asian Paints, Yes Bank, M&M, Sun Pharma, ONGC, Tata Steel and Hero MotoCorp were among the top gainers, rising up to 3.06 per cent.

Shares of Bank of Baroda (BoB) cracked nearly 10 per cent, while Vijaya Bank rose over 3 per cent, and Dena Bank rallied up to 20 per cent after the government Monday said the three banks will be merged to create the country's third largest lender as part of efforts to revive credit and economic growth.

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.

Elsewhere in Asia, Japan's Nikkei rose 1.07 per cent, while Hong Kong's Hang Seng fell 0.79 per cent in early deals. Shanghai Composite Index shed 0.12 per cent.

The US Dow Jones Industrial Average ended 0.35 per cent lower Monday. (PTI)
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Hello Jammu News at 11:55:00 AM 0


Mumbai, Sep 17 : The benchmark BSE Sensex sank over 350 points in early trade Monday after two sessions of gains as investors cashed profits in consumer durables, banking, oil & gas and PSU stocks, amid fresh weakness in the rupee and weak global cues.

The BSE 30-share barometer dropped 366.52 points, or 0.96 per cent, to 37,724.12 driven by losses in index majors Axis Bank, SBI, Asian Paint, Tata Motors, HDFC and HDFC Bank.

The gauge had rallied 677.51 points in the previous two sessions on sustained buying by domestic institutional investors.

The NSE Nifty index too dipped below the 11,500-mark by falling 111.80 points, or 0.97 per cent, at 11,403.40.

Brokers said investors turned cautious and logged gains after recent rally, pulling down key indices.

Besides, weakness in the rupee and a negative trend in most other Asian markets amid reports that the US could announce a new round of tariffs on Chinese imports later in the day too weighed on the sentiments here, they added.

The rupee again crashed below the 72-mark by plunging 81 paise to 72.65 against the dollar, despite the government's steps to stem a steep fall in the currency.

Top laggards on Sensex were Axis Bank, Asian Paint, SBI, Tata Motors, HDFC, Bharti Airtel, HDFC Bank, Yes Bank, NTPC, HUL, IndusInd Bank and RIL, falling up to 1.97 per cent.

While, Wipro and Vedanta bucked market trend, and were trading in the green.

Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 1,090.56 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 115.14 crore on Friday, provisional data showed.

Elsewhere in Asia, Hong Kong's Hang Seng shed 1.87 per cent, while Shanghai Composite Index dropped 1.06 per cent in their early deals. Financial markets in Japan are shut Monday for a public holiday.

The US Dow Jones Industrial Average ended marginally higher by 0.03 per cent in Friday's trade.

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Hello Jammu News at 11:41:00 AM 0


Mumbai, Sep 11 :  The BSE benchmark Sensex Tuesday rose 95 points, but soon turned choppy on weak global cues amid lingering global trade war concerns.

The 30-share index opened higher by 95.32 points, or 0.25 per cent, at 38,017.49. It, however, turned choppy and was trading 8 paise, or 0.02 per cent, higher at 37,930.97 at 0930hrs.

The gauge had lost 467.65 points in the previous session.

Similarly, the NSE Nifty bounced by 30.30 points, or 0.26 per cent, at 11,468.40 in opening trade, only to turn flat within the first 15 minutes of the session.

Investors turned cautious as trade war concerns between the US and China rose and a persistent weakness in the rupee became lingering concerns leading to volatility in the market, brokers said.

Top gainers include Axis Bank, Infosys, Adani Ports, Sun Pharma, M&M, SBI and Tata Motors, rising up to 2 per cent.

While, ITC, HUL, Hero MotoCorp, Kotak Bank, Tata Steel, Coal India, TCS and Bajaj Auto were among the top losers, falling up to 2 per cent.

Elsewhere in Asia, Hong Kong's Hang Seng index dropped 0.04 per cent while Shanghai Composite gained 0.30 per cent in early trade. Japan's Nikkei, too, was up 1.17 per cent.

However, the US Dow Jones Industrial Average ended 0.23 per cent lower on Monday.PTI
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Hello Jammu News at 12:13:00 PM 0


Mumbai, Sep 4 : In volatile trade, benchmark indices turned choppy after opening higher in early trade Tuesday on foreign fund outflows, surging global crude oil prices and weak rupee amid negative global cues.

The 30-share index fell up to 122.72 points, or 0.32 per cent, to 38,189.80, after touching a high of 38,518.56 at the outset.

The gauge has lost 584.11 points in the previous four sessions.

Similarly, the NSE Nifty declined by 50.30 points, or 0.43 per cent, to 11,532.05.

Sectoral indices led by FMCG, metal, realty, capital goods, PSU, banking, oil and gas, auto, healthcare and infrastructure, fell up to 1.54 per cent.

Major losers were HUL, Adani Ports, Vedanta, ITC, Axis Bank, Yes Bank, Sun Pharma, Coal India, Bharti Airtel, Bajaj Auto, ICICI Bank, Asian Paints, Tata Steel, SBI, Hero Motocorp, IndusInd Bank, Kotak Bank, Maruti Suzuki, ONGC and HDFC Bank, shedding up to 2.45 per cent.

However, Infosys, TCS, NTPC, Tata Motors, PowerGrid, HDFC, M&M, RIL and Wipro, gained up to 2.34 per cent.

Sentiment remained weak on sustained capital outflows by foreign funds after an investor lobby group named AMRI (Asset Management Roundtable of India) said on Monday that the immediate impact of the new Sebi KYC norms, if not amended, would flush out USD 75-billion FPI investment from the country within a short time-frame.

The organisation also warned that it would have severe impact on stocks and rupee.

However, taking strong objection to these claims, Securities and Exchange Board of India (Sebi) on Tuesday said in a rare early morning statement, "It is preposterous and highly irresponsible to claim that 75 billion dollars of FPI investment will move out of the country because of Sebi's circular issued in April 2018."

Brokers said rising global crude oil prices, which went past the USD 78 per barrel mark, and weak rupee weighed on market sentiment.

The rupee hit fresh record low of 71.37 against the US dollar in early trade.

Meanwhile, foreign portfolio investors (FPIs) net sold shares worth a net of Rs 21.13 crore and domestic institutional investors (DIIs) also sold equities to the tune of Rs 542.12 crore on Monday, as per provisional data.

Most Asian stocks fell amid continuing concerns about stability in emerging markets and prospects for escalating US-China trade tensions.

Japan's Nikkei fell 0.05 per cent, Hong Kong's Hang Seng was down 0.12 per cent in early trade and China's Shanghai Composite index shed 0.17 per cent.

US markets were closed yesterday for Labor Day holiday.

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Hello Jammu News at 11:52:00 AM 0


Mumbai, Aug 28 : Benchmark indices continued their record-setting trend for the second straight session with the BSE Sensex soaring 182 points to an all-time high of 38,875.86 on heavy buying by foreign funds and domestic institutional investors, tracking strong global markets.

The broader NSE Nifty too hit a record high of 11,751.20.

Trading sentiments remained extremely bullish largely in tandem with a firm trend at other Asian bourses, taking another record lead from Wall Street as investors cheered news of trade deal between the US and Mexico.

Sentiment also got a lift following an improvement in liquidity in the market on fresh inflows by foreign funds, brokers said.

Strong gains in metal, power, teck, healthcare and IT, fertilisers and sugar stocks lifted the key indices to new highs.

The 30-share index surged 181.75 points, or 0.46 per cent, to trade at an all-time high of 38,875.86, surpassing its previous high of 38,736.88, recorded in yesterday's trade.

The gauge had gained 442.31 points yesterday to close at record high of 38,694.11.

All sectoral indices led by metal and power packs were trading in the positive zone, rising up to 0.95 per cent.

The NSE index Nifty too hit a new high of 11,751.20 by gaining 59.25 points, or 0.50 per cent. It also breached previous record of 11,700.95 (intra-day) hit yesterday.

Index heavyweight Reliance Industries was quoting at an all-time high of Rs 1,304.30.

Other top gainers that lifted the key indices were NTPC, Coal India, Vedanta, Sun Pharma, Asian Paints, Tata Steel, PowerGrid, ONGC, IndusInd Bank, Kotak Bank, HDFC, Tata Motors, Bharti Airtel and TCS, gaining up to 3.37 per cent.

Domestic institutional investors had bought shares a worth a net of Rs 1,117.24 crore, while FIIs accumulated equities to the tune of Rs 252.52 crore yesterday, provisional data showed.

Elsewhere in Asia, Hong Kong's Hang Seng was up 0.27 per cent, while Japan's Nikkei rose 0.39 per cent and Shanghai Composite Index gained 0.01 per cent in early trade today.

Meanwhile, the US Dow Jones Industrial Average ended 1.01 per cent higher yesterday.PTI
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Hello Jammu News at 1:00:00 PM 0

Mumbai, Aug 21: Benchmark indices Sensex and Nifty erased early gains after hitting record highs in opening trade ahead of US-China trade talks.

The 30-share BSE index spurted 124.21 points, or 0.32 per cent, to hit a new high of 38,402.96, surpassing its previous record of 38,340.69 marked yesterday.

The index, however, turned choppy and was trading 9.19 points, or 0.02 per cent, lower at 38,269.56 at 0945 hrs.

The gauge has gained 615.19 points in the past two sessions.

The 50-share NSE Nifty also rose 30 points, or 0.25 per cent, to hit a fresh high of 11,581.785, breaking it previous record of 11,565.30 hit yesterday.

The index also turned volatile, and was trading 6.15 points, or 0.05 per cent, lower at 11,545.60 at 0945 hrs.

US President Donald Trump's comments on manipulation of currencies by China and Europe ahead of the resumption of trade talks between US and China weighed on global investor sentiment, traders said.

Top losers include Vedanta, Tata Steel, ICICI Bank, SBI, Bharti Airtel and ONGC, falling up to 1 per cent.

Major gainers were Coal India, Wipro, Asian Paints, Bajaj Auto, HDFC Bank and ITC, rising up to 1.16 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net of Rs 593.22 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 483.04 crore yesterday, provisional data showed.

Elsewhere in Asia, Japan's Nikkei rose 0.15 per cent, Shanghai Composite Index was up 1.43 per cent and Hong Kong's Hang Seng gained 0.39 per cent in early trade.

The US Dow Jones Industrial Average ended 0.35 per cent higher yesterday. (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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