The Reserve Bank of India nod to appointing Amitabh Chaudhary as the next MD and CEO of Axis Bank, after Shikha Sharma had to opt for a hasty exit, comes with a clear underlying message.

The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.

India's goal of bringing food processing to global standards has brought about heavy investment, and America is playing a significant role in the industry's initiatives, said MoS for Food Processing Sadhvi Niranjan Jyoti.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

Benchmark Sensex rose around 373 points to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a rise of 145 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the Indian currency.The...

At 9:57 am, the Sensex rose 205 points to 37,923 level. The Nifty too gained 72.85 points to 11,442 points. Brent crude, which hit $80 per barrel two days ago, was trading at $78.25 a barrel.

At 10:09 am, the Sensex was trading 206.85 points, or 0.54 per cent lower to 38,127.97. 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.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. The Sensex closed marginally lower today. The 30-share Sensex closed 45 points, or 0.12 per cent lower to 38,645 level.

ICICI Bank votes for Chanda Kochhar's reappointment to board; Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBI; Vodafone and Idea get ready to become Vodafone Idea; and after Future Retail and More, Amazon adds Spencer's to cart. Watch more in this episode of Business Wrap.

The Sensex closed marginally lower in volatile trade today ahead of the release of April-June quarter GDP data scheduled later in the day. The 30-share Sensex closed 45 points, or 0.12 per cent lower to 38,645 level. It hit intra day high of 38,838 and intra day low of 38,562 level in trade today. It lost 206.53 points in the previous two sessions.The Nifty ended marginally higher by 3 points to 11,680 level. Tata Motors (2.87%), PowerGrid (2.37%) and Sun Pharma (1.99%) were the top S...

Rupee plunges to record low of 71 against US dollarThe Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices, news agency PTI has reported.Rupee is worst performing currency in Asia on year-to-date basis. Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBIPrivate sector lender Yes Bank today said it has received RBI's approval for the ...

The stock fell 6.60% to intra day low of 338 today. At 12:10 pm, the stock was trading 5.50% or 20 points lower on the BSE.  It opened at a loss of 5.22% in trade today.  Its market capitalisation fell to Rs 78,984.09 crore on the BSE.

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the Reserve Bank of India.

Reacting to the uncertainty, the YES Bank stock closed 1.12% lower to 361.90 level on BSE today. The stock has been losing for the last three days and lost 5.78% during the same period. It touched an intra day low of 358.20 in trade today.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. The BSE Sensex closed lower, snapping its two-day record-closing run largely due to losses in key energy stocks of Reliance Industries and Coal India. The 30-share index hit an all-time intra-day high of 38,989 at the outset but the market lost steam as investors preferred to book gains after the recent rally.

The BSE Sensex closed lower, snapping its two-day record-closing run largely due to losses in key energy stocks of Reliance Industries and Coal India. The 30-share index hit an all-time intra-day high of 38,989 at the outset but the market lost steam as investors preferred to book gains after the recent rally.The BSE index settled at 38,722 points, down 173.70 points, or 0.45 per cent over the last close.Nifty index too finished lower by 46.60 points or 0.40 per cent in choppy trade a...

The Sensex and Nifty closed at fresh peaks on gains in large cap stocks such as Vedanta, Adani Ports and Reliance Industries. While the Sensex hit an all time high of 38,920, the Nifty touched new peak of 11,760. The Sensex closed 202 points or 0.52% higher at 38,896 level, crossing 38,900 level for the first time in intra day trade. The Nifty which marked an all time high of 11,760 in intra day trade closed 46 points or 0.40% higher at 11,738 level. The rally was led by large cap stocks with...

While the Sensex hit an all time high of 38,920, the Nifty touched new peak of 11,760.  The Sensex has gained over 14% since the beginning of this year. The Nifty too has not been far behind. The index is up 11.50% since the beginning of 2018.

At 9:36 am, the Sensex was trading 114 points higher at 38808 level. The Nifty gained 26 points to 11,718 level. NTPC (2.77%), Coal India (1.56%) and Vedanta (1.06%) were the top Sensex gainers.

While the Sensex hit an all-time high of 38,610 rising 358 points from its previous close of 38,251, Nifty gained 101 pts to record 11,659 level intra day. Meanwhile, the rupee gained in the opening trade. The currency opened higher by 15 paise at 69.76 per dollar versus close of 69.91 on Friday.