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BusinessToday.In
July 5, 2018
The market snapped its two-day winning streak, tracking losses across Asian peers ahead of imposition of US tariffs on Chinese exports.While the Sensex closed 70 points lower at 35,574, Nifty fell 20 points 10,749 level.  Unabated foreign fund outflows and a weak rupee added to the gloom, brokers said.Market heavyweight Reliance Industries slumped 2.53 per cent to 965 level after chairman Mukesh Ambani unveiled a mega fixed-line broadband initiative and announced plans for an e-commerce platform that may rival the likes of Amazon.Shares of cable TV service providers Den Networks and Hathway Cable closed 10.73 percent and 15.40% lower after Reliance Industries launched ultra high speed fixed line broadband services for homes and enterprises.  The stocks fell on the likely impact of this new fiber broadband service on existing cable TV service providers' customer base.Meanwhile, Infosys, Vedanta and Tata Steel were the top Sensex losers. Infosys will announce its Q1 earnings next week.  YES Bank,  ITC  and Bajaj  Auto were the top Sensex gainers. Rana Kapoor-led YES Bank said it has received approval from capital markets regulator Sebi to start mutual fund business.  Consumer durables and IT stocks led the losses. While the BSE consumer durables index fell 2.78% to 19,630, the BSE information technology index lost 1.60% to close at 13,881 level. Market breadth was negative with 1053 stocks closing higher compared with 1557 ending in the red on BSE.


BusinessToday.In
July 5, 2018
\"Investors are more circumspect about everything. Trade war-related issues can possibly pose nasty surprises if they are not reined in properly,\" said Deven Choksey, founder, KR Choksey Investment Managers.


BusinessToday.In
June 4, 2018
The Sensex closed 215 points lower as nervous investors took money off the table amid speculation that the RBI may go for a rate hike this week.Rate sensitives led the decline, with the BSE Realty index emerging as the worst performer among sectoral indices by slumping 3.25 per cent. Banking, financials, consumer durables and capital goods tumbled up to 1.83 per cent.The RBI's Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in over four years due to firming inflation.While the Sensex closed at 35,011, down 215 points or 0.61 per cent, Nifty ended lower by 67 points, or 0.63 per cent, at 10,628 level.Top Sensex losers were HDFC Bank, Bharti Airtel and Adani Ports. Bucking the trend, Dr Reddy's, Infosys, M&M and Tata Steel were the top Sensex gainers.The broader markets too were under pressure, with the BSE small-cap index losing 2.09 per cent, while the mid-cap index finished 0.82 per cent down. Market breadth was negative with 2155 stocks closing lower against 535 ending higher on BSE 500.


PTI
June 4, 2018
Banking, financials, consumer durables and capital goods tumbled up to 1.83 per cent.


BusinessToday.In
May 29, 2018
The Sensex and Nifty closed lower today after three sessions of gains amid heavy selling mainly in banking and healthcare counters unabated foreign fund outflows and subdued global cues. The Sensex slipped below the key 35,000-level and fell 216 points or 0.61 percent to close at 34,949 level.  The Nifty too finished 55.35 points, or 0.52 per cent, down at 10,633. Moreover, fresh weakness in the rupee against the dollar too aggravated the woes.The rupee depreciated by 57 paise to Rs 68 (intra-day) against the dollar at the forex market today. Banking sector stocks saw huge losses on Tuesday on profitbooking after three days of rally. Top losers on the Sensex were ICICI Bank, SBI, IndusInd Bank, YES Bank and Kotak Bank. The BSE bankex was down 480 points or 1.61% to 29,410 level. The index fell to an intra day low of 29,360 after it opened at 29,872 level today. Bank Of Baroda,  PNB, SBI and ICICI Bank were the top losers on the BSE bankex. The bank Nifty too fell 1.35% to 26,254 on profitbooking. Of 12 stocks on bank Nifty, 10 ended in the red. Axis Bank and Federal bank were the sole gainers.Consumer durables stocks too led the indices lower with BSE sectoral index falling 162 points to 20,967 level. Market breadth was negative with 1235 stocks closing in the green compared with 1445 ending in the red. 163 stocks were unchanged.


BusinessToday.In
May 29, 2018
Earlier, the BSE Sensex, after opening higher at 35,213, advanced to hit a high of 35,234 on buying by domestic institutional investors (DIIs) as well as retail participants. The gauge had risen 820.57 points in the previous three sessions. Banking sector stocks saw huge losses on Tuesday on profitbooking after three days of rally.


BusinessToday.In
May 25, 2018
The Sensex surged over 261 points to close at 34,924 level today, led by gains in energy, metal, infrastructure, auto and banking stocks. The index had rallied 318.20 points in the previous session. The Nifty too went past the 10,600-mark and ended 91 points higher at 10,605 level. Strong recovery in the rupee against the dollar and unabated buying by domestic institutional investors added to the momentum, brokers said. The Indian rupee recovered by 56 paise to close at 67.77 level to the dollar. ONGC, Tata Steel and YES Bank were the top Sensex gainers. The BSE oil and gas and auto indexes rose 412 points and 404 points, respectively and added to the stock market gains. All 18 sectoral indexes except BSE consumer durables index (-0.29%) ended in the green. A sharp slide in the Crude and Dollar improved the frail macro indicators lighting a fire in the Nifty. MCX was the star performer of the day with a gain of 14% with media reports suggesting that regular bourses are eyeing the successful commodity exchange.


BusinessToday.In
May 25, 2018
Strong recovery in therupee against the dollar and unabated buying by domestic institutionalinvestors added to the momentum, brokers said. The Indian rupee recovered by 56 paise to close at 67.77 level to the dollar. The 30-share BSESensex opened on a strong footing at 34,753 and maintained its upward trend tohit the day's high of 35,017. It finally ended at 34,924, up 261.76 points, or0.76 per cent.


BusinessToday.In
April 18, 2018
The Sensex and Nifty snapped their nine-day gaining streak on Wednesday with banking and consumer goods stocks logging maximum losses on Dalal Street even as global cues were positive. Banking stocks were hit after RBI deputy governor NS Vishwanathan defended a revised framework for expeditious resolution of bad loans notified by the central bank on February 12, 2018.Investors preferred to book profits on the consumer goods counter which saw record highs yesterday buoyed by the RBI's normal monsoon forecast. While the Sensex closed 63 points lower at 34,331 level, the Nifty fell 22 points to 10,526.The Sensex had risen 1,376 points, or 4.17 per cent in the previous nine sessions.The Nifty gained 420 points, or 4.15 per cent in the past nine sessions.The BSE bankex dragged the Sensex and Nifty in the red after it fell 241 points (0.85%) to 28,158. Bank Nifty too closed 0.92% or 232 points lower to 25,102 level.On Tuesday, the BSE consumer durables index which rose 1.05% (over 250 points) to 23,038 on expectations of a normal monsoon saw profit booking and fell 1.18% or 272 points to 22,765 level in today's trade. Axis Bank, M&M and IndusInd Bank were the top losers on the Sensex. TCS, which will report its Q4 earnings on Thursday closed 0.20% lower at 3159 level on BSE.Market breadth was negative with 1131 stocks closing higher against 1527 ending in the red on BSE. 


BusinessToday.In
April 18, 2018
Banking stocks were hit after RBI deputy governor NS Vishwanathan defended a revised framework for expeditious resolution of bad loans notified by the central bank on February 12, 2018. Investors preferred to book profits on the consumer goods counter which saw record highs yesterday buoyed by the RBI's normal monsoon forecast.


BusinessToday.In
April 17, 2018
The Sensex and Nifty marked their longest winning streak in over three years closing higher for the ninth straight session as consumer-based stocks rose on a normal monsoon forecast by India Meteorological Department (IMD). While the Sensex rose 89 points to 34,395, Nifty closed 20 points higher to 10,548 level. The BSE index which opened nearly 100 points higher marked its longest winning run since early September 2014 after close. Diversified consumer goods manufacturer Hindustan Unilever (HUL) hit its 52 week high level of Rs 1,450 on expectations of a normal monsoon. Mahindra and Mahindra, which is among the world's largest tractor maker, rose to its 52 week high of 819 level on BSE. The stock closed 1.05% higher at Rs 809 on BSE. On the Sensex, top gainers were PowerGrid, NTPC and Hindustan Unilever. Consumer goods stocks led the charge on Dalal Street with the BSE consumer durables index rising 1.05% to 23,038 on expectations of a normal monsoon. The Nifty FMCG index too gained 1% to 27,536 level.Meanwhile, the Indian rupee fell to its seven-month low on concerns over widening of trade deficit amid heightened geopolitical worries. Foreign institutional investors (FIIs) pulled out over Rs 308 crore and domestic institutional investors sold stocks worth Rs 28.97 crore in the Indian market on Monday which also weakened sentiment.The rupee closed at 65.6425 level, down 15 paise over its previous close.


BusinessToday.In
April 17, 2018
While the Sensex rose 89 points to 34,395, Nifty closed 20 points higher to 10,548 level. India Meteorological Department (IMD) said on Monday monsoon rains are likely to be 97 per cent of their long-term average in 2018, reassuring farmers ahead of summer planting in a country where only half of the farmland is irrigated. The BSE index which opened nearly 100 points higher marked its longest winning run since early September 2014 after close.


BusinessToday.In
April 3, 2018
The Sensex and Nifty recovered during the last hour of trade to close higher on rally in banking stocks after RBI allowed lenders to spread provisions for bond losses in the third and fourth quarters of FY18 over the next four quarters.While the Sensex closed 115 points higher at 33,370, Nifty ended 33 points higher at 10,245 level. ICICI Bank was the top Sensex gainer rising 2.94% to 269 level. Yesterday, the stock fell the most on Sensex on reports the CBI was set to question ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in connection with the Videocon loan case.Other Sensex gainers were Mahindra and Mahindra and YES Bank rising 2.92% and 2.11%, respectively.  Wipro was the top Sensex loser falling over 2%.  BSE Bankex was the top sectoral gainer rising 293 points to 27, 391 level on RBI allowing carry forward of provisions for bond losses over next four quarters.  BSE auto index too gained 208 points to 24,780 level. Consumer durables stocks capped the gains with the BSE index falling 135 points to 22,222 level. BSE small cap and midcap indexes rose 234 and 148 points, respectively.On the Nifty, 30 stocks rose while 20 ended in the red.  IndiaBulls Housing Finance and ICICI Bank were the top Nifty gainers.Market breadth was positive with 1846 stocks rising against 796 falling on BSE. 145 stocks were unchanged. Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 413.16 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 689.75 crore yesterday, provisional data showed. Global stock markets fell for a second day amid jitters about US-Chinese trade tensions and mounting public scrutiny of technology companies.Market benchmarks in London, Frankfurt, Shanghai and Tokyo all declined. The dollar sank against the euro and yen but rebounded later against the Japanese currency.In early trading, Germany's DAX fell 1 percent to 11,973 and London's FTSE 100 declined 0.7 percent to 7,010. France's CAC 40 lost 0.6 percent to 5,138.In Asia, the Shanghai Composite Index lost 0.8 percent to 3,163 and Toyko's Nikkei 225 shed 0.4 percent to 21,292 Sydney's S&P-ASX 200 declined 0.1 percent to 5,751.On Wall Street, stocks sank as worry about trade tensions was compounded by heightened public scrutiny of tech companies in the United States and Europe.The Dow fell 1.9 percent while the S&P 500 gave up 2.2 percent. The Nasdaq composite slumped 2.7 percent.Amazon fell 5.2 percent following broadsides from Trump on Twitter. Facebook tumbled as a widening privacy scandal weighed on its stock.


BusinessToday.In
March 30, 2018
The market capitalisation of BSE firms rose to Rs 142.24 lakh crore, from Rs 121.54 lakh crore as on March 31, 2017. While the Sensex gained 3,348.18 points, the Nifty closed with gains of 939.95 points, or 10.25 per cent during 2017-18.


BusinessToday.In
March 28, 2018
PNB was the top loser on BSE Bankex falling 3.83%. ICICI Bank (1.94%), Federal Bank (1.81%) and SBI (1.48%) were the other losers on the index. All BSE sectoral indexes except consumer durables and oil and gas indexes closed in the red , signalling weakness in the market.


BusinessToday.in
March 1, 2018
Metal, banking and consumer durable sector stocks led the fall in key indices. While the BSE bankex fell 0.85% or 241 points,  BSE consumer durables index lost 0.71% or 151 points to close at 21,036 level. The BSE Metals index was down 0.95% or 143 points to 15030  level.


BusinessToday.in
February 22, 2018
While the Sensex closed 25 points or 0.07% lower to 33,819 level, the Nifty ended 14 points lower at 10,382 level. Top losers on the Sensex were ONGC (2.26%), Dr Reddy's (2.19%) and PowerGrid (1.85%). The BSE realty index was up 0.7 percent, IT index rose 0.59 percent, Teck index added 0.23 percent.


BusinessToday.in
February 15, 2018
Punjab National Bank, which plunged 9.81% yesterday on detection of fraudulent transactions worth $1.77 billion (about Rs 11,335 crore) fell further 8.09% today to 134 level. The stock was the top loser on BSE bankex which was trading 66.21 points or 0.23% higher at 28,675 level.


Sameer Bhardwaj
New Delhi, February 9, 2018
Markets continue to remain volatile after rising US government bond yields triggered global sell off. BSE Sensex has lost over 2040 points since the budget day.


BusinessToday.in
February 7, 2018
While the Sensex closed 113 points lower to 34,082 level, the Nifty fell 21 points to 10,476 level. Banking stocks led the fall with BSE bankex losing 125 points to 29,072 level.


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