Podcasts about national stock exchange nse

"When UPI happened, it was like, very clear now, this is something that will change everything." This powerful statement from Deepak Chand Thakur encapsulates the monumental shift the Unified Payments Interface has brought to India's financial landscape. It wasn't just another payment system; it was a revolution that reshaped commerce, financial access, and technological innovation —a revolution that Deepak and NPST have been at the heart of. Deepak Chand Thakur is the Co-Founder and Chief Executive Officer (CEO) of Network People Services Technologies Ltd. (NPST). He has guided NPST from a bootstrapped startup to a publicly listed entity on the mainboards of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Under his leadership, NPST achieved FY24 revenues of ₹130.08 crore, a 216% year-on-year increase, and a net profit surging by 310% to ₹26.71 crore. The company's SME IPO in 2021, which Deepak recounts was valued at ₹50 crore, saw it deliver approximately 9000% returns to its early investors and reach a peak market capitalization of around ₹5000 crore. Key Insights from the Conversation:

In today's episode for 4th July 2023, we explain the new deal between the National Stock Exchange (NSE) and the Singapore Stock Exchange (SGX). Also, a quick sidenote. If you're someone (or you know someone) who's great with communication and are enthusiastic to join our team, Ditto is looking to recruit new Insurance advisors. And no you don't need to know about insurance. We will train you from scratch and you can enjoy working remotely with a great team. Please click this link to apply - bit.ly/3JgPSiU

The National Stock Exchange (NSE), one of India's leading stock exchanges, has tweaked the constituents of its major indices such that three Adani Group companies are all set to enter key Nifty indices from March 31. The Adani stocks being included in Nifty indices include Adani Wilmar, which has been added to Nifty Next 50 and Nifty 100, Adani Total gas, which has been added to Nifty Shariah 25, and Adani Power, which has been added to ten different indices. The move has raised concerns given the continuing meltdown in Adani group stocks since January 24 when the US-based firm Hindenburg Research made several allegations about stock manipulation and fraud that the Adani group has denied. On the one hand, the exposure of actively managed mutual funds to Adani stocks is reported be less than 1%. But on the other, nearly 16% of India's mutual fund industry's ₹41 lakh crore is parked in index funds and exchange traded funds (ETFs) that mimic indices constructed by the NSE and BSE, and some of this investment will be steered to these Adani stocks from March 31. And earlier this week, the NSE also removed four Adani Group stocks from the Nifty Alpha 50 index. So, what exactly goes into the decision to include or exclude any given stock in an index? How justified is the inclusion of Adani stock in various NSE indices given the recent sharp fall in their prices? And what are the risks and options for ordinary investors?

Trading account A trading account is used to purchase and sell shares and other securities. Trading account works in tandem with a demat account. The shares that investors buy using their trading account are stored in the demat account. Both the demat and trading accounts have a unique number and without them, investors cannot trade in the stock markets. Demat account  In a demat account, investors can store their shares, bonds, government securities and mutual funds in electronic form in one place, reducing the risk of theft or damage. Just like how a bank account is used to store money or cash. During the online trading, shares are bought and held in a demat account. Similarly, when shares are sold they move out of the seller's demat account to the new buyer's account electronically. It was introduced by the National Stock Exchange (NSE) in 1996. Since the start of the pandemic in 2020, there has been a stupendous rise in the number of demat account openings as technology has helped investors to open accounts within a few minutes. The difference The demat account of investors will show their current holdings in shares and securities. While the trading account will show the transaction that investors have carried out in the stock market. Having a trading account means having the ease and flexibility to trade through various stock exchanges and transfer the funds and equities in a hassle-free manner. While investors can open a demat account without buying any share or security, and it's not necessary to maintain balance in it. However, in a trading account investors are required to transfer the funds to and from the bank account to buy and sell various securities. Can investors have a trading account without a demat account? Usually both the demat and trading account are opened together by the broker. Depository firms CDSL and NSDL maintain the demat accounts of millions of investors. Investors need to have a demat account to open a trading account. Both these accounts are necessary to trade in the stock market. This is because shares are available only in an electronic format. So, whenever an investor makes a trade, the shares will require a demat account as a place to store the shares. However, not all trading account transactions will result in delivery into the demat account. For example, intraday equity trades, futures trades, options trades, and currency trades are executed in investors trading accounts, but they do not impact their demat account. 

The recent arrest of Ravi Narain -- the former chief of the National Stock Exchange (NSE) -- for alleged money laundering is a stark reminder that governance structures still need nurturing. Markets have seen quite a few fallen heroes, and they offer lessons to investors and regulators. Let us have a brief look at some of them   How can we talk of market mishaps and not start with Shantilal Harshad Mehta. In the second quarter of 1992, the securities scandal roiled the markets. Till the scam broke, Mehta epitomised rags to riches story -- someone who started as an outsider to Mumbai to become one of leading market brokers in BSE. The Rs 4,000 scam involved Mehta taking advantage of the loopholes in the banking system to manipulate the Bombay Stock Exchange. From a wave of followers flocking to his investment choices, Mehta's fall was stark. He was charged with over 70 criminal offences. The securities scandal brought about many changes in the financial regulatory system. Investors look up to market leaders for investment choices. But not all of them live up to the expectations in terms of conduct. Ketan Parekh was one such figure. A protege of Harshad Mehta, he had learned trading from him. Ketan was revered as the “Bombay Bull” and was famous for picking stocks that turned to gold. Like Harshad Mehta, Parekh exploited the loopholes in the market and faced allegations of insider trading and manipulating stock prices.  He was also accused of misrepresentation of facts to borrow from the banks. After Harshad Mehta, Ketan Parekh had markets on the boil and took regulations for a toss. Another billionaire market leader whose enviable rise was jaw-dropping and eventually fell prey to his own ambition was Jignesh Shah. Shah revolutionised commodities trading in India when he set up Multi Commodity Exchange (MCX). He later launched the National Spot Exchange Limited (NSEL), the country's first electronic spot exchange for commodities, which eventually led to his downfall. Shah was arrested in a Rs 5,600 crore payments scam, where contracts were sold without collateral, at NSEL. This marked the beginning of the fall of his empire and Shah was forced to move out of everything that he had built. From market stakeholders, let us move on to the regulators themselves. Chitra Ramakrishna was part of a core team that built the tech-driven National Stock Exchange, now a favourite for retail investors. Chitra Ramakrishna brought with her an understanding of debt markets to NSE. When she was appointed head of NSE in 2013, Chitra Ramakrishna was one of the rare women CEOs leading a bourse. But in 2015, reports emerged about the co-location scam where select traders were allegedly given preferential access to data and trading systems through the co-location facility at the exchange. There were also allegations of money laundering. This has severely hurt the credibility of the exchange. Ramkrishna resigned from the NSE in late 2016 and earlier this year, the CBI took her into custody. Even as the Chitra Ramakrishna continues to dominate headlines, the enforcement directorate has arrested former boss of NSE, Ravi Narain in a money laundering case. Narain was the longest serving chief of the NSE, from 1994-2013. Under Narain, NSE established an edge over BSE and facilitated large volumes of derivatives trading. But then, the shadows of the co-location case haunted him. Earlier this year, Narain was questioned by CBI for his role in the co-location scandal and regulator Sebi had also imposed a penalty. Allegations of governance lapses during his tenure as NSE chief marred his image. Deven Choksey, MD, KR Choksey Investment Managers says regulations have always been in place, but individuals always found a way to overstep these norms. The systems and frameworks should be more simple With strict regulations in place, the governance standards have improved leaps and bounds over the years. Effectiveness of these norms sh

Episode #15 Invoice Discounting  on TReDS  Ft. Ketan Gaikwad, MD & CEO Receivables Exchange of India Limited (RXIL).  Welcome back to MSME TALK with Industry Experts. Payment Delays for MSMEs is a huge problem and there are no easy solutions. Government & RBI have been trying to bring some solution since few years. TReDS is one of them. Introduced in 2014 by the RBI under Raghuram Rajan to ease the working capital crisis for MSMEs impacted due to delayed payment issues, TReDS stands for— Trade Receivables Discounting System. It is an institutional mechanism for invoice discounting on a secure digital platform for MSMEs. invoice discounting mechanism for MSMEs. There are currently 3 TReDS platform in India including RXIL. Invoice discounting on these platforms is almost doubling every year. Together these platforms are estimated to cross 40000 cr Invoice discounting in FY 22 and holds very promising number targets for FY 23. In this Episode we will know the need of TReDS , how TReDS is benefitting MSME Sellers , Corporate Buyers , and Financers . How does the process happens on TReDS, how the risk is controlled, what's the future of TReDS. Why it is a must platform for all MSMEs, Corporate Buyers and Financers and lot more in the detailed discussion with non-other than CEO & MD of RXIL Ketan Gaikwad. Mr. Ketan Gaikwad, the Managing Director and CEO of Receivables Exchange of India Limited (RXIL), is a seasoned banker with a career spanning 29 years in Public as well Private Sector Banks,  from Bank of Baroda to Barclays Bank and Standard Chartered Bank. Receivables Exchange of India Limited (RXIL), is a TReDS platform. It is mandated by RBI as a Joint Venture of Small Industries Development Bank of India (SIDBI) & National Stock Exchange (NSE) along with State Bank of India, ICICI Bank, and Yes Bank being other shareholders. RXIL has more than 10000 MSMEs , 740 Corporate Buyers, 48 Financiers on their platform.If you are an entrepreneur and have questions related to Capital, Compliance, legal, Debt, Equity, Marketing, Business Growth, Team, Technology, Compliance etc. from Experts or any topic on which you want better understanding, or any particular profile of Expert you want to hear, do let us know. In case If you are an Industry Expert with MSME as your target audience, please let us know more about you.   Your feedback, suggestions, reviews and likes will make our day. Please leave your rating and reviews on apple podcast platform and Spotify.  Podcast links/ Social Media links/ Contact Us: https://linktr.ee/MSMETALK   Follow us on: https://www.facebook.com/msmetalk https://www.instagram.com/msmetalk https://twitter.com/msmetalk  Get WhatsApp alert: https://wa.me/918097665085  

The fresh Covid-19 cases reached 4,300 on Monday, bringing some semblance of normality. Rush in markets and public transport also conveyed the same feeling -- that old days are back. World over, companies have started calling their employees back to the office. But a breeze of change is also blowing through across the sectors. Several big firms and a large number of start-ups are giving their employees the options to choose between home and office. But some want the old order back.  Meanwhile, Russia is on a warpath to bring back another kind of old order. It has invaded Ukraine, leaving the world in shock and disbelief. Subsequent sanctions imposed by the West have economically cut off Russia from the rest of the world. Ukraine too is in a similar situation. And some of the trade void left by these two countries is now being filled by India. Demand for Indian wheat and several other commodities has risen. Find out the the long-term impact, as these sanctions are unlikely to be lifted anytime soon. he war is taking a heavy toll on Indian markets. It has brought the rally seen since March 2020 to a screeching halt. There was no respite on Monday too with the Nifty50 index slipping below the 16,000-mark. Is there more pain in store for the markets or should you use the fall to buy? Business Standard spoke to leading market experts to know what they think of the current situation and their investment strategy.  Gujarat's Gift City has now opened a window for Indians to invest in prominent international stocks. Entities, which are owned by BSE and NSE and are based in Gujarat International Finance Tec-City or GIFT City in Gandhinagar, now let retail investors buy and sell stocks of US firms. In this episode of the podcast find out more about National Stock Exchange (NSE)'s International Financial Service Centre (IFSC) which is allowing trading in eight US stocks and will soon increase the count to 50. 

All the information about companies which are listed on stock exchanges is in public domain for everyone to see. But what about the companies which are not listed. So before any company goes for an IPO to raise money and hits the primary market, it comes out with a draft red herring prospectus (DRHP). This document is filed with market regulator Securities and Exchange Board of India and is also known as “offer document” or “preliminary registration document”. Draft red herring prospectus or DRHP in short serves as a crucial communication link between the company and its investors and stakeholders. Through the DRHP, the issuer firm allows potential investors to make an informed decision and analyse its financials, issuance objectives, business operations, promoter holding, market valuation, and other important information. This draft tells the reasons for the IPO. It informs about the risks involved and how the company will spend the money raised from the primary market. Some of the important DRHP details include balance sheet, earning statement, net proceeds, legal opinion of the listings and underwriting document's copy. However, it does not include the amount of issue and details of the price or number of shares being offered. The DRHP of a company is available on the official websites of the issuing company, Sebi, merchant bankers and stock exchanges. Firm planning to go public delegates a merchant banker to prepare the DRHP. The Sebi analyses the DRHP and recommends changes, if required, and then gives a go-ahead when the suggested amendments are made according to its guidelines. After the approval from Sebi, Registrar of Companies (ROC) and the stock exchanges -- Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) -- the DRHP converts into a Red Herring Prospectus (RHP) which is also known as “final prospectus”. An RHP document comprises additional details of the issue, the number of shares offered and the face value. Watch video

The Securities and Exchange Board of India (SEBI), in a recent order, has penalised the National Stock Exchange (NSE) and its former MD and CEO Chitra Ramkrishna for violating securities contract rules. Ramkrishna was the CEO from April 2013 to December 2016. The key violation seems to be her role in the appointment of Anand Subramanian as group operating officer and advisor to the MD. Along with Ramkrishna, her predecessor Ravi Narain has also been accused of violating the rules. Among the various findings of the SEBI investigation, the one that has garnered the maximum attention is that Ramakrishna, as the MD and CEO, had been guided in her decisions by a ‘yogi' or spiritual guru sitting in the Himalayas. It was this same ‘yogi' who made her appoint Subramanian on an exorbitant salary and allegedly made her keep increasing his compensation at regular intervals. While Ramakrishna and her associates are under further investigation, the whole saga has raised a lot of questions. Given that the yogi had been communicating via email, why is his identity still unknown? Did the NSE suffer material losses as a result of this breach of confidentiality rules? Apart from Subramanian, did any other entity enjoy material gain from the yogi's apparent hold over Ramkrishna? Guest: Suresh Seshadri, Business Editor, The Hindu Host: G. Sampath, Social Affairs Editor, The Hindu Edited by Reenu Cyriac

Top headlines   • Sensex zooms 620 points amid healthy economic data; Nifty holds 17,150 • IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE • Tega Industries' IPO gets 4 times subscription on first day • GST collections hit Rs 1.3 trillion in November • Manufacturing PMI hits 10-month high of 57.6 in October • India defers resumption of commercial flights Indian equities bounced back on Wednesday, in line with global peers, as investors attempted to regain their grounds amid fears around the new Omicron variant of coronavirus. Besides, healthy economic data for GST collections and manufacturing PMI further bolstered sentiment on the Street. Overall, the BSE Sensex index ended today's range-bound session at 57,685, up 620 points or 1 per cent. During the day, the index hit a high of 57,846 and a low of 57,347. On the NSE, the Nifty50 settled at 17,167, up 184 points. IndusInd Bank was the top gainer on the benchmark indices today, rising 6 per cent intra-day. In the past eight trading days, the stock of the private sector lender had declined 15 per cent. According to a media report, the Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks. JSW Steel, Axis Bank, Adani Ports, Tata Motors, SBI, Tech M, and Reliance Industries were some of the other top gainers on the frontline indices. Among top losers were Cipla, Divis Labs, UltraTech Cement, Dr Reddy's Labs, and Indian Oil Corporation. Meanwhile, in the broader markets, the BSE MidCap ended 1 per cent higher and the BSE SmallCap index gained 0.3 per cent. Individually, the shares of Go Fashion (India) moved higher by 5.6 per cent intra-day, bouncing back nearly 9 per cent from their intra-day low of Rs 1,211 on the National Stock Exchange (NSE), after foreign portfolio investors bought 1 million shares of the company in the open market. The shares of this recently listed company ended 3.8 per cent higher today. All the key sectoral indices, barring the Nifty Pharma index, ended in the positive territory. Moving on to the primary markets. The initial public offering of Tega Industries received an overwhelming investor response as the issue sailed through within an hour of opening. By 4:00 PM, the issue had been subscribed 4 times, with the retail investors' portion seeing a subscription of 7 times. Star Health and Allied Insurance's public offer, meanwhile, has been subscribed 20 per cent so far. That apart, the wealth management arm of Anand Rathi Financial Services, Anand Rathi Wealth, will launch its IPO on Thursday. The price band for the offer has been fixed at Rs 530-550 per share and the company aims to mobilise Rs 660 crore. Here's a look at some of the other key developments of the day: • Asian markets ended higher, with Japan's Nikkei adding 0.4 per cent and South Korea's Kospi gaining 2 per cent. In Europe, the pan-European Stoxx 600 added 0.6 per cent in early trade. S&P500 and Nasdaq Futures are also up over 1 per cent, indicating a firm start for Wall Street. • Aviation regulator DGCA decided to postpone the resumption of scheduled international flights from December 15, citing "evolving global scenario" in the wake of the new Covid variant. It said the government would announce a new date based on the Omicron situation.

Top headlines • Sensex rebounds 946 pts from day's low, ends 198 points up • Paytm shares gain 10% after sliding 37% in 2 days • MobiKwik to delay planned IPO, says CEO • Latent View Analytics lists at 169% premium Market bulls dwelled over bears on Dalal Street today after a massive sell-off on Monday. Despite tepid global cues, the benchmark indices ended 0.3 per cent higher amid solid buying in metals, PSU bank, realty, and pharma shares. The headline S&P BSE Sensex index gyrated over 1,100 points intra-day and ended 198 points higher at 58,664. Power Grid, NTPC, Tata Steel, Bharti Airtel, Sun Pharma, and Bajaj Finserv were the top gainers within the 30-share pack. The laggards were IndusInd Bank, Asian Paints, Infosys, Bajaj Auto, and Maruti Suzuki. On the NSE, the Nifty50 index ended the day at 17,503, up 87 points. The index touched a low of 17,200 earlier in the day. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices closed 1.6 per cent and 1.8 per cent higher, respectively. On the sectoral front, all key indices ended in the positive territory today, led by the Nifty Metal index, which rose 3.3 per cent, and the Nifty PSU Bank index, which was up 2.4 per cent. The overall market breadth was also in buyers' favour in a 3:1 ratio. That said, India VIX rose 3 per cent and topped 18 today. Among individual stocks, Latent View Analytics made a strong market debut on the bourses today, listing at Rs 530 per share on the BSE. This was a 169 per cent premium to the issue price of Rs 197. On the National Stock Exchange (NSE), the shares debuted at Rs 512, 160 per cent higher than the issue price. That said, given the stock's solid listing pop, analysts are advising short-term investors to partially book profit, even as long-term investors can continue to hold the stock. The shares ended at Rs 488 apiece, up 148 per cent against the issue price. That apart, Vedanta shares surged 10 per cent intra-day to a high of Rs 361 on the BSE, after nearly 7 per cent of total equity of the metal company changed hands via multiple block deals. The promoters of Vedanta, Twin Star Holdings Limited and Vedanta Netherlands Investments BV were reportedly looking to purchase up to 170 million equity shares of Vedanta Limited at an indicative price of Rs 350 per share. Lastly, the shares of One97 Communications, the parent company of digital payments major Paytm, rose 12 per cent intra-day to Rs 1,525 on the BSE after a sharp 37 per cent decline in the first two trading days after debut. The shares eventually ended 10 per cent higher. In a separate development, digital payments firm MobiKwik has delayed its plans to bring an initial public offering this month, CEO Bipin Preet Singh told Reuters. The move may have been due to the dismal market debut of larger rival Paytm earlier this month. Going into trade tomorrow, market participants should expect a volatile session, given the scheduled F&O expiry on Thursday. Besides, subdued global cues, a strong US dollar and FII outflows are some of the global headwinds that may affect the sentiment.

Equity indices declined in the fag-end of the session on Monday, even as Finance Minister Nirmala Sitharaman announced relief measures for a battered-down economy. In an 8-point agenda, FM Sitharamam on Monday announced a Rs 1.1 trillion loan guarantee scheme for Covid-affected sectors, including a Rs 50,000 crore loan to the health sector aimed at scaling medical infrastructure targeting underserved areas. That apart, Sitharaman also announced an additional Rs 1.5 trillion for Emergency Credit Line Guarantee Scheme, launched as part of Atmanirbhar Bharat package. For the financial sector, the FM said MFIs can extend loans of maximum Rs 1.25 lakh to 2.5 million individual borrowers for a period of 3 years. Other measures included financial support to 11,000 registered tourist guides, extension of Atmanirbhar Bharat Rozgar Yojana, additional subsidy of Rs 14,775 crore to be provided for DAP and NPK fertilisers, and distribution of 5 kg of free food grains to the poor. With these measures in place, investors booked profit on the bourses, taking the benchmark S&P BSE Sensex to 52,735 levels, down 189 points or 0.36 per cent. The broader Nifty50, on the other hand, closed at 15,815 levels, down 46 points or 0.29 per cent. Both the indices had hit a lifetime high of 53,126 and 15,915.6, respectively earlier today. The broader market, on the contrary, resumed their uptrend and outperformed the headline indices. The BSE MidCap index ended at 22,639 levels, up 0.40 per cent while the BSE SmallCap index shut shop at 25,111, up 0.46 per cent. Among individual stocks, shares of Thyrocare Technologies tumbled 11.5 per cent to hit a low of Rs 1,281 apiece in the intra-day trade today after nearly 3.74 lakh shares changed hands on the BSE by 3:15 PM. Docon Technologies, along with API Holdings, the parent company of unicorn PharmEasy, had said on Friday that it will acquire a 66.1 per cent equity stake in the diagnostic chain firm for Rs 4,546 crore. They also made an open offer for acquisition of additional 26 per cent stake in Thyrocare at a price of Rs 1,300 per share. Meanwhile, newly listed Dodla Dairy closed at Rs 609 apiece, after debuting at Rs 550, a 28 per cent premium over its issue price of Rs 428 per share on the National Stock Exchange (NSE). KIMS, on the other hand, ended at Rs 987.5 after listing at Rs 1,009, up 22 per cent against its issue price of Rs 825 per share on the National Stock Exchange (NSE). Analysts suggest short-term investors should book profits in the counters while those for long haul should focus on fundamentals. According to Angel Broking, Dodla Dairy's valuations have turned expensive after today's 48 per cent rally over the issue price, leaving limited upside in the near-term. As regards KIMS, the brokerage says short-term investors should book profit at Rs 977 while long-term investors may book partial profit and hold the remaining quantity as the company can perform well in the long run. In another news, the Securities Appellate Tribunal (SAT) on Monday provided interim relief to Franklin Templeton Mutual Fund by partly staying an order passed by market regulator Sebi against the fund house. In a 100-page order, Sebi had rapped the fund house for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. However, sources said SAT has stayed Sebi's order restraining the fund house from launching new debt schemes. It has also asked the fund house to deposit Rs 250 crore within three weeks in an escrow account. Global markets   European travel stocks sank 2 per cent on Monday on the back of a spike in Covid-19 cases across Asia, while worries of a sudden tapering in ultra-loose global monetary policy in the wake of rising inflation pushed pan-European STOXX 600 down 0.2 per cent. In Asia, Japan's Nikkei was down 0.06 per cent and South Korea's Kospi eased 0.03 per cent.

Markets started the July F&O series with impressive gains on Friday as hefty buying in metals, financials, and pharma sectors lifted indices for the second day. The Nifty PSU Bank index closed 2.7 per cent higher on the National Stock Exchange (NSE) amid renewed privatisation buzz and fund-raising by banks. That apart, the Nifty Metal index zoomed 2.5 per cent after Russian government said it is preparing new export taxes from August 1 for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion. The Nifty Bank, Private Bank, Pharma, IT, and auto indices, meanwhile, rose between 0.5 per cent and 1.6 per cent. Overall, the frontline S&P BSE Sensex index added 226 points, or 0.43 per cent, to settle the session at 52,925 levels while the Nifty50 index shut shop at 15,863-mark, up 73 points or 0.46 per cent. In the broader market, the BSE MidCap and SmallCap indices advanced 1 per cent and 0.4 per cent, respectively. For the week, the benchmarks gained 1.1 per cent each, the MidCap index 1.5 per cent, and the SmallCap index 1.2 per cent. Tata Steel (up nearly 4 per cent), Axis Bank, State Bank of India, ICICI Bank, Hindalco, JSW Steel, Maruti Suzuki, and Coal India made it to the list of outperforming stocks in the large-cap segment today while Vodafone Idea, Apollo Hospitals, SAIL, Ashok Leyland, Allcargo Logistics, Uttam Sugar Mills, and Ajmera Realty marched ahead in the broader market space. Individually, shares of Reliance Industries extended their decline into 4th straight day, falling nearly 7 per cent during the period. The company's Chairman and Managing Director Mukesh Ambani, on Thursday, made a slew of announcements during the company's 44th AGM, post which the stock has been witnessing profit booking. In two days alone, the stock has slipped 5 per cent. Meanwhile, shares of Maruti Suzuki India hit an over four-month high of Rs 7,664, on the back of a 10 per cent rally in five days, after the company announced price hike plan. The stock, which was trading at its highest level since February 17, 2021, gained nearly 2 per cent on the BSE in intra-day trade on Friday. Furthermore, shares of Ashok Leyland zoomed 9 per cent to Rs 129.35 on the BSE in intra-day trade as the company's market share improved 0.8 per cent to 28.9 per cent in the March 2021 quarter (Q4FY21) from 28.1 per cent in December 2020 quarter (Q3FY21). The stock of the commercial vehicles' company was trading close to its 52-week high of Rs 138.85, touched on February 4, 2021. Lastly, shares of Apollo Hospitals Enterprises hit a fresh record high of Rs 3,465, surging 8 per cent on the BSE in intra-day trade on Friday, on the back of heavy volumes. The stock of the healthcare facilities company surpassed its previous high of Rs 3,432.90 touched on June 3, 2021. In the primary market, the three day public offer of India Pesticides Limited was subscribed 29 times till 4:30 PM on the last day of the issue Global markets   Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after US President Joe Biden embraced a bipartisan Senate infrastructure deal. Japan's Nikkei closed 0.66 per cent higher while South Korea's Kospi rallied 0.5 per cent and Australia's ASX200 was last up 0.45 per cent. China's Shanghai index, too, surged 1.1 per cent. In Europe, however, shares traded lower as a slide in healthcare-related stocks more than offset a boost from the financial sector. The pan-European STOXX 600 index slipped 0.06 per cent, Germany's DAX declined 0.24 per cent, and France's CAC40 fell 0.2 per cent. As regards Wall Street, Futures of three main US stock indices gained up to 0.25 per cent, suggesting a flat-to-positive start later in the day.

The Indian benchmark indices ended the final session of the June series of futures & options (F&O) over half a per cent higher, with major contribution from information technology (IT) stocks even as heavyweight Reliance Industries tumbled 2.35 per cent after the firm's 44th annual general meeting (AGM). Among noticeable proposals, Chairman Mukesh Ambani said that Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor of PIF, will join the Board of Reliance Industries as Independent Director. He also announced a Rs 75,000 crore corpus to set up 'Giga' factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years, under the ambit of the company's New Energy business division. As regards RIL's telecom business, Ambani announced plans to launch JioPhone Next, a fully featured smartphone, that is developed in partnership with Google, on September 10, 2021. As most of these announcements were on expected lines, investors booked profit on the counter, pushing the stock lower for the third straight day. As a result, the stock has fallen around 4 per cent during the period and has wiped off nearly Rs 53,000 crore in market capitalisation. Overall, the S&P BSE Sensex rose 393 points, or 0.75 per cent, to close at 52,699, while the broader Nifty50 index ended the session at 15,790, up 103 points, or 0.66 per cent. Infosys was the best performing stock on the Sensex and Nifty as it jumped nearly 4 per cent on the exchanges. Earlier today, the counter hit a record high of Rs 1,568 after the IT major announced that its Rs 9,200 crore buyback via open route will commence on Friday, June 25, 2021. In the past one month, Infosys has outperformed the market by surging 18 per cent, as compared to a 4.5 per cent rise in the S&P BSE Sensex. A sharp run-up in stock price has seen Infosys' market capitalisation cross Rs 6.5 trillion-mark. Coupled with gains in Coforge, TCS, Mphasis, Mindtree and Tech M, the Nifty IT index advanced 2.8 per cent on the NSE, trailed by the Nifty Bank index (up 0.7 per cent). On the downside, the Nifty PSU Bank index declined 1.4 per cent. That said, despite the stellar gains in the benchmark indices, weakness persisted in the broader markets which titled the market breadth towards bears. The S&P BSE MidCap and SmallCap indices slipped 0.51 per cent and 0.22 per cent, respectively dragged by Adani Group stocks, PNB Housing Finance, Central Bank of India, PNB Gilts, and Munjal Showa. In the primary market, Shyam Metalics and Energy (SMEL) made a strong debut on the bourses, with the stock listing at Rs 380, a 24 per cent premium over its issue price, on the National Stock Exchange (NSE). The stock ended the session at Rs 375.50. Meanwhile, Sona BLW Precision Forgings (Sona Comstar) made a quiet debut on the bourses, with the stock getting listed at Rs 302.40 -- a 4 per cent premium over its issue price of Rs 291 per share on the BSE. The stock, however, extended gains in intra-day deals to end at Rs 362.85 apiece.

Benchmark equity indices slumped over 1 per cent in Friday's intra-day session but made a sharp V-shaped recovery to end the day little changed. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG, and select private bank stocks tried to limit the losses. The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent. The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.7 per cent and 0.89 per cent down, respectively. Overall, the market breadth was heavily skewed towards bears with the Advance to Decline ratio standing at 1:2. ONGC, Coal India, Power Grid, JSW Steel, UPL, NTPC, M&M, SBI, and Nestle India were the top laggards among the large-cap stocks while Mahanagar Gas, Ashok Leyland, SAIL, Canara Bank, Max Financial Services, Graphite India, HEG, Hindustan Copper, Affle India, and Wockhardt Pharma cracked in the mid-, and small-cap segments. Sectorally, the Nifty PSU Bank declined nearly 2 per cent while the Nifty Auto, Metal, and Realty indices slipped up to 1 per cent each. On the upside, the Nifty FMCG index ended 0.29 per cent higher. Buzzing stocks   Shares of Vodafone Idea soared 10 per cent on report that the company may raise up to Rs 7,000 crore via QIP route. Reports further suggest the Department of Telecommunication may allow Vodafone Idea to raise funds supported by FDI. Shares of SBI Cards and Payment Services, on the other hand, tanked 6 per cent to Rs 984 on the National Stock Exchange (NSE) in intra-day trade on Friday after around 64 million shares, representing 6.8 per cent of the total equity of the company, changed hands on the NSE and BSE. While the names of the buyers and sellers could not be ascertained immediately, reports said US-based private equity firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services. The stock eventually ended 4 per cent lower on the NSE. Shares of Nazara Technologies also tanked 12 per cent to Rs 1,463.75 on the BSE in intra-day trade after foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. The stock was trading close to its 52-week low level of Rs 1,412.50 hit on April 12, 2021. Lastly, shares of Adani Ports and Adani Enterprises snapped their four-day losing run as they surged 7 per cent and 9 per cent, respectively. Adani Power, Adani Green, and Adani Transmission, however, hit their 5 per cent lower circuit for the fifth straight day. In the primary market, the initial public offer of Dodla Dairy garnered subscription of over 45 times on the final day while that of KIMS got oversubscribed by nearly 4 times till 4:15 PM. Global markets   Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve's more hawkish stance. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat after falling for four sessions. Chinese blue-chip shares were also little changed, along with Japan's Nikkei. In Europe, a slide in bank and energy stocks hit shares, with a hawkish policy outlook from the US Federal Reserve also casting a dampener. The pan-European STOXX 600 index was down 0.2 per cent while Germany's DAX index fell 0.3 per cent.

Market bulls rode the global momentum on Dalal Street on Friday, hitting new lifetime highs on the way. Bond yields in the US and Euro zone fell, with German 10-year yields set for their biggest fall this year, as investors bet on ultra-lose monetary policy to stay in place. Data published on Thursday showed that the US consumer price index swelled the most in a month since August 2008 at 5 per cent, following a 4.2 per cent rise in April. Yet global stocks hit record peaks as investors believed the Federal Reserve would continue to keep interest rates low to maintain the recovery pace. Moreover, the European Central Bank's statement that a policy tightening at this stage would be premature and would pose a risk to the ongoing economic recovery further lent support to the bullish sentiment on the Street. The third factor adding to the global rally was data from the UK which showed that Britain's economic output grew by 2.3 cent on a monthly basis in April, marking the fastest growth since July last year. Against this backdrop, the Euro STOXX 600 added 0.3 per cent, London shares gained 0.6 per cent, while Paris climbed 0.4 per cent. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.4 per cent. Backed by firm global cues, the frontline S&P BSE Sensex hit an all-time-high of 52,641.5 while the broader Nifty50 index claimed 15,835.5-mark in morning deals. In the broader markets, the BSE MidCap and SmallCap indices, too, touched new peaks of 23,045 and 25,249 levels, respectively. That said, a fag-end weakness in banking, realty, and FMCG counters dragged the markets off highs. By close, the BSE barometer was at 52,475 levels, up 174 points or 0.33 per cent while the 50-share Nifty index ended at 15,799 levels, up 62 points or 0.39 per cent. The BSE MidCap index, on the other hand, closed 0.14 per cent up while the BSE SmallCap index ended 0.4 per cent higher. Top news and buzzing stocks of the day: >> Shares of information technology (IT) companies were in demand on the bourses on Friday with Wipro and Tech Mahindra hitting all-time highs. Besides, 10 other stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis and Coforge too hit their new highs in intra-day deals. Earlier today, the BSE IT index hit a record peak of 28,881 on the BSE before closing at 28,697 levels, up 1.5 per cent. On a weekly basis, the IT index gained over 4 per cent to record the biggest weekly gain in a month. >> Meanwhile, shares of pharmaceutical companies continued their upward journey with the Nifty Pharma index hitting a new high for the third straight day amid strong gain in Aurobindo Pharma, Dr Reddy's Laboratories and Cadila Healthcare, which rallied up to 5 per cent, each, on the National Stock Exchange (NSE). Nifty Pharma index rallied 3 per cent to 14,531 on the NSE in intra-day trade today, surpassing its previous high of 14,283, touched earlier this week. >> Shares of Bajaj Finance also rose for the second straight day on Friday, and hit a new high of Rs 6,228.60 on the BSE. The stock of the non-banking finance company has rallied 10 per cent in the past two days on hopes that the B2B and auto finance businesses will do much better with the reopening of the economy. >> On the downside, bank stocks failed to gain even as news reports suggested that the Supreme Court has dismissed a petition filed in the apex court seeking loan moratorium amid the second wave of Covid-19. >> On the economic front, Nomura has raised India's gross domestic product (GDP) forecast for 2022 by 0.7 percentage points to 7.7 per cent as it believes the economic impact of the second virus wave is much less than the first one. It sees retail inflation at 5.3 per cent. >> Lastly, Passenger vehicle wholesales in India declined by 66 per cent to around 88,000 units in May as compared to 2.62 lakh units sold in April this year as lockdowns across various states impacted dispatches to

The domestic equity markets swung sharply on the upside in the afternoon deals on Monday after a tweet by the Prime Minister's Office said PM Narendra Modi will address the nation at 5 PM later in the day. Investors' confidence resonated in the markets as participants hoped the PM would throw a light on the state of the economy and may provide clarity on the vaccination drive. That apart, Dalal Street was firmly in the grip of market bulls today as a little over 100,000 new Covid-19 infections across India in the past 24 hours, along with partial unlocking in key states like Maharashtra and Delhi, drove investors towards riskier assets. Against this backdrop, the frontline S&P BSE Sensex hit the day's high of 52,379 while the Nifty50 touched a record peak of 15,773. While the indices came off highs mildly, they still managed to end about 0.4 per cent higher. By close, the Sensex index was at 52,328.5 levels, up 228 points and the Nifty50 was at 15,751.6 levels, up 81 points. In the broader markets, the BSE MidCap index hit a fresh record peak of 22,739 in intra-day trade but closed at 22,690 levels, up 0.8 per cent. The BSE SmallCap index, on the other hand, hit a record peak of 24,618 earlier today but ended at 24,609 levels, up 1.4 per cent. Individually, Adani Ports, Power Grid, NTPC, Shree Cement, Tata Motors, UltraTech Cement, Coal India and Tata Consumer Products were the top gainers on the Nifty while Reliance Industries, IndusInd Bank, Tech M, and L&T were the additional gainers on the Sensex. On the downside, Bajaj Finance was the top laggard on the indices, down 4.4 per cent, as the consumer financier voiced concerns over asset quality issues due to localised lockdowns following a second wave of Covid-19. In a mid-quarter update, the company said its B2B and Auto Finance businesses were most affected due to strict lockdowns with their volumes dropping to 40 per cent in May. As a result, analysts have cut their FY22 earnings estimates by up to 12 per cent. Among key mid-, and small-cap stocks, shares of TVS Motor Company jumped 6 per cent at Rs 663 on the National Stock Exchange (NSE) in intra-day trade on Monday after around 24.4 million shares, or 5.13 per cent stake, of the two-wheeler (2-Ws) company changed hands via a block deal. The stock was trading close to its 52-week high level of Rs 666 touched on May 27, 2021. Besides, shares of Reliance Infrastructure -- the Anil Dhirubhai Ambani Group (ADAG) company -- touched 5 per cent upper circuit at Rs 73.3 apiece after its Board of Directors on Sunday approved raising of up to Rs 550.56 crore. As per technical charts, the stock may rally another 18 per cent if it stays above Rs 72-mark. Lastly, shares of sugar companies were on a roll as Dalmia Bharat Sugar and Industries, Avadh Sugar & Energy, Triveni Engineering & Industries, Uttam Sugar Mills and Dwarikesh Sugar Industries rallied between 10 per cent and 19 per cent on the BSE in intra-day trade on Monday on the back of heavy volumes. Shree Renuka Sugars, Dhampur Sugar Mills and Balrampur Chini Mills also gained in the range of 8 per cent to 10 per cent.   Sectorally, the Nifty IT, Media, and Private Bank indices ended the session as top gainers, up around 1 per cent each, while the Nifty Metal index was the top loser, down 0.5 per cent. Global markets   World shares were range bound on Monday as markets digested Friday's disappointing US jobs report and a global tax deal between the G7 group of countries, while also looking ahead to inflation data due this week. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.05 per cent, Japan's Nikkei edged up 0.3 per cent, while Taiwan stocks lost 0.4 per cent. Chinese blue chips were also off 0.1 per cent. In Europe, the pan-European STOXX 600 index was flat in early deals.

A healthy buying in heavyweights such as Reliance Industries, ICICI Bank, Bharti Airtel, HDFC Bank, ITC, Axis Bank, TCS, and Maruti Suzuki lifted the benchmark indices by 1 per cent on Monday with the broader Nifty50 index hitting a fresh record high. RIL, up 3 per cent on the National Stock Exchange (NSE), single-handedly lifted the frontline Nifty50 index to record peak of 15,606 in intra-day session today while other index contributors rallied between 0.5 per cent and 3 per cent. By close, the Nifty index quoted at fresh closing peak of 15,583, up 147 points or 0.95 per cent. About 39 of the 50 constituents on the index settled the day in the green while 11 constituents settled in the red including M&M (down 4.4 per cent), Adani Ports, L&T, Sun Pharma, and Indian Oil Corporation. Of these, shares of Mahindra & Mahindra slipped 7 per cent to Rs 790 in intra-day trade after the management said the tractor industry is expected to grow in low single-digits during the financial year 2021-22 (FY22), with the company focused on gaining market share. Meanwhile, on the BSE, the Sensex index zoomed 590 points in intra-day session and hit a high of 52,013. It, however, pared minor gains ahead of the announcement of Q4FY21 GDP data and closed at 51,937, up 515 points or 1 per cent. The index is now 580 points away from its record high level of 52,517. Add to it, the lowest daily case count of Covid-19 infections in 48 days further improved sentiment in the broader market. The country reported 152,734 fresh Covid-19 cases in the last 24 hours, the lowest daily count since April 13. According to global rating agency Fitch Solutions, the impact of the second Covid-19 wave on rated Indian firms is expected to be manageable, as most companies' credit profiles are supported by their strong market positions, adequate balance sheets, liquidity and diversified operations. Back home, data provided by the government showed that the fiscal deficit for FY21 was at 9.3 per cent of the gross domestic product (GDP), lower than the 9.5 per cent estimated by the Finance Ministry in the revised Budget estimates. Consequently, the mood in the broader market remained upbeat. The S&P BSE MidCap and SmallCap indices added 0.45 per cent and 0.5 per cent, respectively amid buying in construction material, telecom, energy, and metal stocks. The BSE Energy index advanced 2.5 per cent, followed by the BSE Metal index (up 2.25 per cent), the BSE Telecom and the BSE Oil and Gas indices (up over 1 per cent each). Individually, shares of Indian Hotels Company hit a fresh 52-week high of Rs 140 on the BSE in intra-day trade on expectation of demand recovery as the Covid-19 situation gradually comes under control. In the past one month, the stock of the Tata Group Company has rallied 26 per cent as compared to a 6 per cent gain in the S&P BSE Sensex. Furthermore, shares of Prozone Intu Properties were locked in the 10 per cent upper circuit band for the second straight day, at Rs 31.75 apiece, on the BSE. In the past three days, the stock has zoomed 56 per cent from a level of Rs 20.40 seen on Wednesday, May 26 and was trading at its highest level since May 2019. Shares of PNB Housing Finance were also locked in the upper circuit of 20 per cent at Rs 525.20, also its 52-week high, after the company board approved a capital raise of up to Rs 4,000 crore. On the downside, Bank of Baroda shares tumbled 5.6 per cent to Rs 79 apiece on the BSE as the public sector lender's provisions soared 44 per cent to Rs 4,593 crore in March quarter of FY21. Yet analysts remain bullish on the state-owned lender from a long-term perspective as they believe it is on a firm footing to manage the asset quality woes amid the second wave of Covid-19. Global brokerage CLSA has a 'Buy' rating on the stock with a target price of Rs 130, that is 55 per cent upside from current levels, as it believes while risk from the second wave of Covid-19 remains for

Bulls ruled on Dalal Street on Friday, the first day of the June F&O series, as a trinity of steady decline in Covid-19 cases, announcement of unlocking in the national capital, and $6 trillion fiscal stimulus in the US, held up investor confidence. The benchmark Nifty index scaled a fresh record peak of 15,469.6 on the National Stock Exchange (NSE) in intra-day trade today, surpassing its previous record peak of 15,432 hit on February 16. The index traded higher for the sixth consecutive session as India recorded its lowest daily count of new Covid-19 cases in 44 days. The country, on Thursday, logged 1.8 lakh fresh virus cases while death remained below 4,000-mark. Add to it, Delhi Chief Minister Arvind Kejriwal also announced that the national capital will begin to unlock from Monday and said that construction activities and factories will be reopened from May 31. Reading these developments as a first step towards a gradual uptick in economic activities, benchmark indices zoomed to day's high of 51,529 on the S&P BSE Sensex and record peak on the Nifty. By close, the Sensex index was quoting at 51,423 levels, up 308 points or 0.6 per cent while the Nifty50 was at 15,436-mark, up 98 points or 0.64 per cent. During the week, both the frontline indices added 1.7 per cent each. Individually, Reliance Industries was the biggest contributor towards the indices' rally today after the stock clocked its sharpest intra-day gain in two months and zoomed 6.4 per cent. The stock, which settled 6 per cent higher on the BSE, looks firm on both, fundamental and technical, grounds. Analysts at Jefferies maintained their 'buy' rating on the counter with a target of Rs 2,580 per share.   Shares of Mahindra & Mahindra, on the other hand, ended 2 per cent higher on the BSE today after it reported consolidated profit of Rs 163 crore for the March quarter of 2020-21 (Q4FY21), which was impacted by a one-time loss of Rs 840 crore. In comparison, M&M had reported a loss of Rs 3,255 crore in the year-ago quarter. The company has also announced the highest-ever dividend of Rs 8.75 per share for FY21, to commemorate the 75th year of the company. Sun Pharma, meanwhile, was the top laggard on the indices today, down 4 per cent at close, as the company reported a lower-than-expected profit after tax (PAT) in the March quarter (Q4F21) due to lower other income. It tumbled nearly 5 per cent in intra-day trade.   Grasim, Adani Ports, Eicher Motors, Coal India, HDFC, Kotak Bank, and IndusInd Bank were the other top gainers of the day, up between 1 per cent and 3 per cent. On the downside, ICICI Bank, Bajaj Finserv, NTPC, PowerGrid, Shree Cement, and Nestle India were the top losers, down up to 2 per cent. Broader markets, however, settled the day in the red on the back of profit-booking. The BSE Midcap index fell 0.12 per cent and the BSE SmallCap index dropped 0.48 per cent. In terms of sectoral participation, the Nifty PSU Bank index gained 0.7 per cent, followed by the Nifty Private Bank index, up 0.3 per cent. On the contrary, the Nifty Pharma index slipped 1.2 per cent on the NSE. Global markets European shares rose to a record high on Friday as UK-exposed financial stocks gained following a hawkish comment from a Bank of England official, with the prospects of increased US fiscal spending boosting market sentiment. That apart, European economic sentiment and consumer confidence data, which is due later in the day, is also expected to show an improvement in May. Given this, the pan-European STOXX 600 index rose 0.5 per cent to a record high of 448.55 points and was set to add about 0.8 per cent this week. German stocks also added 0.4 per cent, as the country planned to offer adolescents Covid-19 vaccine shots from early-June. Earlier in Asia, Japan's Nikkei climbed 2 per cent, South Korea's Kospi gained 0.7 per cent, and Australia's S&P/ASX200 rallied 1.2 per cent. In the commodities market, oil prices, which

Looking beyond the Archegos Capital default in the US, the Indian stock market remained the best performing Asian market on Tuesday. The headline S&P BSE Sensex and the Nifty50 indices each settled over 2 per cent higher today supported by gains in IT, pharma, and metal stocks. The Sensex index settled above the 50,000-mark for the first time since March 23 at 50,136 levels, up 1,128 points or 2.33 per cent. The broader Nifty50 index, on the other hand, closed below the 14,850-mark at 14,845 levels, up 338 points or 2.33 per cent. Infosys, Power Grid, HUL, HCL Tech, TCS, Nestle, and NTPC, HDFC twins were the outperforming stocks on the 30-share BSE barometer today, up between 3 per cent and 4 per cent, while UPL, JSW Steel, Tata Steel, Shree Cement, Wipro, and Divis Labs were the top stocks on the Nifty, rallying up to 7.5 per cent. On the downside, M&M, Axis Bank, Bharti Airtel, and Hindalco were the only stocks in the red, down up to 0.32 per cent. The broader markets, however, underperformed and closed with around a per cent gain. The S&P BSE MidCap index ended 0.98 per cent higher while the S&P BSE SmallCap index gained 1.3 per cent. Debuting at the bourses, shares of ace investor Rakesh Jhunjhunwala-backed Nazara Technologies listed at Rs 1,990, an 81 per cent premium over its issue price of Rs 1,101 on the National Stock Exchange (NSE). Meanwhile, on the BSE, the stock debuted at Rs 1,979, 79 per cent above its issue price. Post-listing, it moved higher to 2,026.90, up 84 per cent. The stock, however, froze at 20 per cent lower circuit at close, and was quoting at Rs 1,577 on the BSE as analysts suggested investors partially book profit and add more at a later stage. Furthermore, analysts believe raising funds from the primary market will not be a cake walk for the companies in FY22, as investors are likely to become choosier. For now, 18 companies hold market regulator Sebi’s approval to raise nearly Rs 18,000 crore while another 14 await the market regulator’s approval to raise nearly Rs 23,000 crore in the upcoming financial year. Fund mobilisation via the primary market route was the highest ever in financial year 2020-21 (FY21) with India Inc raising Rs 1.88 trillion through public equity markets as compared to Rs 91,670 crore in FY20. The previous highest amount raised in a financial year was Rs 1.75 trillion in 2017-18. On the sectoral front, the Nifty IT and Pharma index advanced 3 per cent each on the NSE, while the Nifty FMCG and Metal indices closed with nearly 2.5 per cent gains. On the contrary, the Nifty Realty index ended 0.8 per cent down in a firm market. Global markets   Asian share markets strengthened Tuesday as investors remained focused on the global vaccination program and ahead of US President Joe Biden's $3 trillion-infra package announcement in Pittsburgh on Wednesday. The MSCI's broadest index of Asia-Pacific shares outside Japan was 0.6 per cent higher, while mainland China’s CSI300 index rose 1 per cent. Hong Kong’s Hang Seng Index added 1.2 per cent. Japan’s Nikkei, however, was flat, dragged down by Nomura share price weakness, while Australia sounded a weaker tone when the S&P/ASX200 closed down 0.9 per cent. In Europe, the pan-European STOXX 600 index rose 0.5 per cent, and the German DAX rose 0.6 per cent.

Feeble global sentiment kept market gains in check as investors chose to stay on the sidelines on Wednesday. Asian shares skidded to a two-week trough on Wednesday and the dollar neared four-month highs as coronavirus lockdowns in Europe and potential US tax hikes hit risk appetite. Add to it, North Korea is said to have fired non-ballistic cruise missiles over the weekend targeting the US. President Joe Biden, however, has said he does not consider North Korea's act as a provocation. Against this backdrop, MSCI’s broadest index of Asia-Pacific shares outside of Japan fell 1.3 per cent, Japan’s Nikkei stumbled 2 per cent while South Korea’s KOSPI slipped 0.4 per cent. Chinese shares were in the red for a second day with the blue-chip CSI300 index down 1.65 per cent. Hong Kong’s Hang Seng skidded 2.2 per cent. In Europe, the pan-regional STOXX 600 index fell 0.6 per cent in early trade. However, futures of three main US stock indices were trading higher in the range of 0.3 per cent to 1 per cent. Back home, benchmark indices ended near 1-month lows amid across-the-board sell-off. The frontline S&P BSE Sensex plunged 931 points in the intra-day to hit a low of 49,120. The downfall was reversed mildly and the index closed at 49,180 level with a cut of 871 points, or 1.74 per cent. Only two constituents -- Power Grid and Asian Paints -- managed to settle the day in the green while all other counters fell like ninepins. M&M bled the most, down over 4 per cent on the Sensex, followed by SBI, ICICI Bank, Axis Bank, IndusInd Bank, L&T, ITC, NTPC, and ONGC. Weightage-wise, Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Infosys, Axis Bank, ITC, and SBI were responsible for 600 points cut in the Sensex. All these stocks were down between 1.5 per cent and 4 per cent. On the NSE, Cipla was the only additional gainer on the Nifty as all other 47 constituents declined. The index ended at 14,549 level, down 265 points or 1.79 per cent. In the broader markets, the S&P BSE MidCap and SmallCap indices ended 1.7 per cent and 1.6 per cent lower, respectively. As regards the sectoral trends, all the key indices, barring pharma, ended the day in the red. The Nifty PSU Bank, Metal, and Realty indices slipped up to 3 per cent, while the Nifty Private Bank, Financial Services, Auto, and Bank indices were down up to 2 per cent. The Nifty Pharma index, meanwhile, was up 0.08 per cent. Buzzing stocks >> Shares of Anupam Rasayan India, on Wednesday, made a weak debut at the bourses, listing at Rs 520 on the National Stock Exchange (NSE), a 6 per cent discount over its issue price of Rs 555 per share. On the BSE, Anupam Rasayan opened at Rs 534.70, down 4 per cent from its issue price. The stock later fell as much as 10 per cent to Rs 501.15 in intra-day trade but erased gains to close at Rs 526 on the BSE. >> Shares of Rail Vikas Nigam Limited plunged 9 per cent to Rs 27.6 on the BSE in the intra-day trade on Wednesday as the government's two days stake sale through offer for sale began today. The floor price has been fixed at Rs 27.50 a share, a 9.54 per cent discount to Tuesday's closing price of Rs 30.40 apiece on the BSE. A total 208.5 million equity shares or 10 per cent of the total paid-up equity capital of the company is being offered in the OFS. The government may choose to sell an additional 104.25 million equity shares or 5 per cent of the total equity capital of the company over and above the offer. >> Shares of CG Power and Industrial hit an over two-year high of Rs 67.95, frozen in the 5 per cent upper circuit, band on the BSE ahead of the firm's board meeting tomorrow to issue equity shares to Standard Chartered Bank (Singapore) on preferential allotment basis. The stock was trading at its highest level since May 2018 and has been locked in the upper circuit for the third straight day. >> Lastly, in the primary market, the three-day IPO of Barbeque Nation Hospitality was subscribed 96

Images on investors' trading screens turned around 180 degrees by the end of the session on Friday as bulls fought back to lift indices over a per cent higher. A drop in the US Treasury yield and a GDP growth upgrade by Moody's for India helped the markets snap 5-day losing streak. Tracking sluggishness in the global markets, the domestic equity markets opened in a sea of red with the frontline indices dropping over a per cent. The dip was, however, quickly bought-into, pushing markets in the positive territory in less than 120 minutes into the trade. Mood in the global markets changed after the US Treasury yields slipped to 1.5 per cent from Thursday's high of 1.74 per cent. Back home, Moody's Analytics said India's economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year as near-term prospects have turned more favourable. Consequently, bulls reigned on Dalal Street for the first time in six days riding on the back of FMCG and metal counters. Both, the Nifty FMCG and Metal indices, ended over 2 per cent higher each, followed by gains in the Nifty Pharma and PSU Bank indices, up over 1 per cent. Other indices settled with less than a per cent gains, while the Nifty Realty index ended in the red, down 0.7 per cent. Among the key headline indices, the 50-share barometer on the NSE closed above the 14,700-mark at 14,744 levels, up 186 points or 1.28 per cent. The 30-share benchmark Sensex, on the other hand, advanced 642 points, or 1.3 per cent, to end at 49,858 levels. In the intra-day deals, the Sensex and the Nifty touched 50,003 and 14,788, respectively jumping 1,416 and 350 points from day's low. Individually, HUL, Power Grid, JSW Steel, Tata Steel, NTPC, UPL, Reliance Industries, Divis Labs, Gail, and UltraTech Cement were the top gainers on the Nifty, while L&T, Coal India, Tech M, Bajaj Auto, Titan, and ONGC ended as the top laggards. In the broader markets, the S&P BSE MidCap and SmallCap indices closed 1.35 per cent and 0.4 per cent higher, respectively. Among the stocks that remained outperformers, shares of Indo Count Industries advanced 12 per cent to Rs 128 on the BSE on Friday after the textile company announced expansion and modernisation projects of existing capacities with a capex of Rs 200 crore. The shares settled over 9 per cent higher at Rs 124 apiece. That apart, shares of Aarti Drugs advanced 15 per cent to Rs 785 on the BSE after its board approved buyback worth Rs 60 crore at Rs 1,000 per share. The board of directors has fixed April 1 as the record date for ascertaining the shareholder who will participate in the proposed buyback. The stock of the firm ended nearly 10 per cent higher on the BSE. Debuting at the bourses, shares of Easy Trip Planners got listed at Rs 212.25, commanding a premium of 13.5 per cent against the issue price of Rs 187 per share on the National Stock Exchange (NSE) on Friday. On the BSE, the stock opened at Rs 206, up 10 per cent against its issue price. The stock, however, closed Rs 206 on the NSE, up 10 per cent against the issue price. On the downside, Shares of Future group companies were locked in their respective lower circuit, with no buyers seen on the counters, after the Delhi High Court upheld the Emergency Award passed against the $3.4-billion Future-Reliance deal. Future Retail, Future Lifestyle Fashions, Future Enterprises, and Future Consumer were locked in the 10 per cent lower circuit, while Future Supply Chain Solutions and Future Market Networks were frozen in 5 per cent lower circuit on the BSE. In the primary market, the three-day IPO of Nazara Technologies and Suryoday SFB got subscribed by 175 times and 2.35 times till about 4 PM on the last day of the issue. Global markets Asian Markets were largely unsettled by the Bank of Japan’sdecision to slightly widen the target band for 10-year yields and tweak its buying of assets. A decision to confine purchases to only

Bears remained in the driver's seat for the second straight day on Monday as a cocktail of weak macroeconomic data, resurgence in Covid-19 infections, elevated crude prices, and jump in bond yields weighed on sentiment. On the domestic front, industrial production growth re-entered the negative territory by contracting 1.6 per cent in January, while retail inflation soared to a three-month high of 5.03 per cent in February on costlier food items. That apart, WPI inflation came in at a 27-month high of 4.17 per cent in February, up from 2.03 per cent in January. This comes on close heels of a consistent rise in Covid-19 cases in the country. India recorded 26,291 new Covid-19 cases on Monday, its highest single-day spike in 85 days, taking the country's infection tally to 1.14 crore according to Union Health Ministry data. Moreover, the latest concerns surrounding the AstraZeneca vaccine and suspension of its use in some nations in Europe added to investors' woes. Globally, the 10-year US Treasuries yield stood at 1.634 per cent, having risen to as high as 1.642 per cent on Friday, a high last seen in February last year. Besides, Brent crude was back near $70 a barrel mark. Against this backdrop, the benchmark S&P BSE Sensex tumbled 397 points, or 0.78 per cent, to end the day at 50,395 levels. In the intra-day deals, the index had plunged 993 points to hit a low of 49,799. Index breadth remained tilted towards declines with 19 of the 30 stocks ending the session in the red. Bajaj Finance, Bajaj Finserv, Dr Reddy's Labs, Bajaj Auto, M&M, L&T, and Asian Paints closed the day as the top laggards on the index while Power Grid, HCL Tech, Tech Mahindra, NTPC, Titan, IndusInd Bank, SBI, and TCS closed as top gainers. On the NSE, the Nifty50 index ended at 14,929 levels, down 101 points or 0.67 per cent. In the intra-day deals, the index slipped below the 14,750 levels to hit a low 14,746. Weightage-wise, Reliance Industries, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance, L&T, Axis Bank, Infosys, and Asian Paints, down between 0.6 per cent and 3 per cent, dragged the indices lower today. The broader markets, however, outperformed the benchmark indices and closed with relatively lesser cuts. The S&P BSE MidCap index closed at 20,429 levels, down 0.72 per cent while the S&P BSE SmallCap index ended at 21,096 levels, down 0.53 per cent. Individually, shares of MTAR Technologies, a precision engineering solutions company, made a strong debut at the bourses today, listing at Rs 1,064, up 85 per cent against its issue price of Rs 575 per share on the BSE on Monday. On the National Stock Exchange (NSE), the stock opened at Rs 1,050, up 83 per cent against its issue price. Post listing, the stock zoomed 93 per cent, hitting a high of Rs 1,110 on the BSE and Rs 1,100 on the NSE. The stock pared gains partially and closed at an 88 per cent premium against the issue price at Rs 1,082 per share. That apart, shares of Vaibhav Global hit a new high of Rs 4,513 after they rallied 8.5 per cent on the BSE in intra-day trade on Monday. In the past three months, the stock has zoomed 115 per cent after it reported a strong operational performance for the quarter ended December 2020. In comparison, the S&P BSE Sensex has risen 7.7 per cent during the same period. At close, the stock was quoting 6 per cent higher at Rs 4,402 apiece. In terms of sectoral performance, banking and financial services stocks were the hardest hit as rising yields as negative implications for the G-Sec bonds that the banks/NBFCs hold. In the intra-day trade, the Nifty Bank index hit an intra-day low of 34,443.90, its lowest level since February 4, 2021. At close, the index was at 35,182, down 0.88 per cent. The Nifty Pharma, Realty, and Financial Services indices closed 1 per cent lower each. On the upside, last-hour gains in the Nifty IT, FMCG, Metal, and PSU Bank indices, up 0.04 per cent to 1 per cent, trimmed losses in the market. Prima

Financial and IT counters heavy lifted the markets today, and managed to keep the equity markets in the green on Tuesday. The volatility gauge, India VIX, meanwhile, cooled-off 9 per cent by close and settled at 22.5 levels on the penultimate day of the weekly F&O expiry. Most of the key sectoral indices on National Stock Exchange (NSE) ended the day in the red with the Nifty Metal index down 2.5 per cent at close, followed by the Nifty PSU Bank, Pharma, Realty, Media, and Auto indices, down between 0.5 per cent and 1.5 per cent. The Nifty Financial Services, Bank, and IT indices were the only gainers, up 2 per cent, 1.8 per cent, and 1 per cent, respectively. Supported by gains in HDFC Bank, Kotak Mahindra Bank, HDFC, ICICI Bank, Asian Paints, HUL, and Bajaj Finance, the headline S&P BSE Sensex ended 584.4 points, or 1.16 per cent, higher at 51,025 levels. The index topped the 51,000-mark in the intra-day deals and hit a high of 51,112. On the NSE, the Nifty50 closed near the 15,100-mark at 15,098 levels, up 142 points or 0.95 per cent. Around 23 stocks declined on the Nifty index, as against 27 stocks that advanced. Of these, BPCL, Tata Steel, GAIL, Indian Oil, Tata Motors, Power Grid, and Cipla were the top drags. The broader markets were under pressure today with the S&P BSE MidCap and SmallCap indices closing 0.6 per cent and 0.4 per cent down, respectively. Among individual stocks, shares of Bharat Petroleum Corporation dipped 6.4 per cent to Rs 437 on the National Stock Exchange (NSE) in intra-day trade on Tuesday after BPCL Trust for Investment in Shares sold up to 7 per cent of its stake in state-owned energy company through a block deal. The shares settled 4.5 per cent lower at Rs 445 on the NSE. That apart, shares of Poly Medicure hit a new high of Rs 804 after rallying 11 per cent on the BSE in intra-day trade on Tuesday. With today’s gain, the stock of the medical equipment company has surged 53 per cent over its qualified institutional placement (QIP) price of Rs 524 per share. By close, the stock had pared some gains and was quoting 4 per cent higher at Rs 756. Lastly, shares of SBI Life Insurance gained 6.4 per cent to hit a 52-week high of Rs 984 on the BSE in intra-day trade an over 60 per cent growth in new business premiums in the month of February. The stock surpassed its previous high of Rs 954.65, touched on January 8, 2021. It hit a record high of Rs 1,030 on October 30, 2019. In the primary market, the three-day issue of Easy Trip Planners was oversubscribed by 6.6 times till 4:10 PM on day 2 of the IPO. Global markets   Asian stocks recovered from earlier losses lifted by firmer US equity futures and central bank comments aimed at soothing fears about rising inflation. A pullback in US bond yields also buoyed equity markets. Japan's Nikkei rallied 1.02 per cent on Tuesday afternoon, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.10 per cent higher. Chinese blue chips added 0.03 per cent. In Europe, however, the pan-European STOXX 600 was down 0.1 per cent in early deals, with miners falling 1.9 per cent and automakers dropping 1 per cent. The German DAX also eased 0.3 per cent. And before we close, here are the other top developments of the day: >> Rating agency Crisil said today that India's gross domestic product is expected to grow by 11 per cent in Financial Year 2022. The agency said by the second half of the coming year, economic growth should reach pre-pandemic levels. >> Equity mutual funds witnessed an outflow of Rs 10,468 crore in February, making it the eighth consecutive monthly withdrawal, with flexi cap category accounting for most of the outflow. However, investors put in Rs 1,735 crore from debt mutual funds last month after pulling out Rs 33,409 crore in January. Overall, the mutual fund industry witnessed a net outflow of Rs 1,843 crore across all segments during the period under review, compared to Rs 35,586 cror

Improved economic situation, stability in bond yields globally, and 'buy on dips' strategy worked in the favour of the bulls, pushing benchmark indices over 2 per cent higher on Wednesday. India's services activity expanded at the fastest rate in a year during February, even as employment fell further and companies noted the sharpest rise in overall expenses, Services PMI showed earlier today. The seasonally adjusted India Services Business Activity Index rose from 52.8 in January to 55.3 in February, boosted sentiment on D Street. Barring auto, all the key sectoral indices were trading between 1.5 per cent and 3.3 per cent higher on the National Stock Exchange (NSE) highlighting strength in the market. The Nifty PSU Bank and Metal indices gained over 3 per cent each on the NSE while the Nifty Bank, Financial Services, Private Bank, Realty, and IT indices were up between 1.8 per cent and 2.8 per cent. The frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273. The index cooled-off marginally and settled at 15,246 levels, up 326 points or 2.19 per cent. On the BSE, the S&P BSE Sensex touched a high of 51,540 during the day but retreated to end at 51,445 levels, up 1,148 points or 2.28 per cent. Blue-chip stocks such as Reliance Industries, HDFC, Infosys, ICICI Bank, HDFC Bank, and Axis Bank gave the index 800-points lift today. These stocks advanced in the range of 3 per cent to 5 per cent. Additionally, Bajaj Finance, Bajaj Finserv, SBI, IndusInd Bank, and Dr Reddy's Labs, all up between 2 per cent and 5 per cent, were the other top gainers. Auto stocks such as Bajaj Auto, Maruti Suzuki, and M&M declined up to 1.35 per cent on the back of profit-booking and were the only top drags on the Sensex. Hero MotoCorp, BPCL, and Titan, down 1.5 per cent, 0.5 per cent, and 0.05 per cent, were the additional losers on the Nifty index. In the broader market, the S&P BSE MidCap and SmallCap indices closed 1.4 per cent and 1.2 per cent higher, respectively. Global markets   Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.12 per cent. Australian shares were up 0.82 per cent, while Japan’s Nikkei stock index rose 0.45 per cent. Shares in China gained 1.27 per cent. E-mini S&P futures were up 0.36 per cent. The pan-European STOXX 600 index rose 0.7 per cent, while the German DAX gained 0.9 per cent, France’s CAC 40 was up 0.8 per cent and the UK's FTSE 100 added 1 per cent. Now, here's your dose of market insights: >> Shares of RIL ended 4.7 per cent higher at Rs 2,207 after Reliance Jio emerged as the highest bidder in the 4G telecom spectrum auction, beating incumbents Bharti Airtel and Vodafone Idea by a wide margin. >> Those of Adani Enterprises, too, ended 5 per cent higher at Rs 916. In the intra-day trade, the firm joined the elite club of companies with Rs 1-trillion market capitalization and recorded an m-cap of Rs 1.01 trillion at 3:30 PM. Adani Enterprises is now at 39th position in the overall market-cap ranking. >> Shares of IRCON International Ltd, on Wednesday, fell 7.4 per cent to Rs 90.55 on the BSE after the company announced offer for sale (OFS) for up to 16 per cent government stake at a floor price of Rs 88 per share, which opened today for non-retail investors and will open for retail investors tomorrow. >> The prospects of temperatures being above normal in north India between March and May 2021 bodes well for cooling and refrigeration system makers over the next few months. The government’s production-linked incentive (PLI) scheme is another factor, they believe, which will help companies in this sector. Analysts have turned bullish on Johnson Controls-Hitachi Air Conditioning India, Whirlpool, Voltas and Blue Star. Shares of these firms ended up to 1.5% h

India's PSLV C-51 on February 28 successfully launched Amazonia-1 of Brazil and 18 other satellites in the first space mission of 2021 for ISRO. The Polar Satellite Launch Vehicle PSLV-C51 lifted off at around 10.24 am from the first launch pad of the Satish Dhawan Space Centre (SHAR) and first injected into orbit primary payload Amazonia-1 about 17 minutes later. PSLV-C51 is the first dedicated commercial mission of NewSpace India Limited (NSIL), ISRO's commercial arm. On February 24, Trading on the National Stock Exchange (NSE) was halted between 11:40 am and 3:30 pm on the account of connectivity issues. On February 25, The Central Government on Thursday announced guidelines for social media platforms, online curated content platforms (also known as OTT platforms), and digital media entities imposing code of ethics and grievance redressal mechanisms. India's Covid-19 tally climbed to 1,10,96,731 on Sunday with 16,752 new infections in the past 24 hours. The death toll mounted to 1,57,051 with 113 fresh fatalities. --- Send in a voice message: https://anchor.fm/business-line/message

India's largest stock exchange, the National Stock Exchange (NSE), abruptly shut its cash and derivatives segment today, following a glitch which froze stock prices, triggering panic among investors. Trading was halted at 11:40 am on the NSE and resumed only at 3:30 pm. The glitch, which came a day ahead of the monthly F&O expiry for the February series, caused massive volatility during the last hour of trade and the same may continue on Thursday as well. Post resumption, both the Sensex and the Nifty indices witnessed bouts of volatility as investors scurried to square off their positions, and execute morning trades. The benchmark S&P BSE Sensex zoomed to day's high during the fag-end of the session, soaring 1,130 points. The index, however, ended 1,030 points, or 2 per cent, higher at 50,782 levels. HDFC Bank, Axis Bank, ICICI Bank, SBI, and HDFC, up in the range of 3 per cent and 5 per cent, were the top gainers among the 23 stocks that ended in the green. On the contrary, Dr Reddy's Labs, TCS, Sun Pharma, Asian Paints and Power Grid declined between 0.5 per cent and 1.4 per cent and closed as top laggards on the index. Weightage-wise, HDFC Bank, Reliance Industries, HDFC, ICICI Bank, and Axis Bank supported the index. Overall, market breadth on the BSE remained titled towards advances with over 1,850 stocks settling higher, compared with around 1,100 stocks that slipped today. Meanwhile, the Nifty50 closed above the 14,950-mark, up 272 points or 1.9 per cent, at 14,982 levels. The index hit an intra-day high of 15,009. In the broader markets, the S&P BSE SmallCap index settled 1 per cent higher on the back of gains in IIFL Securities, Manali Petrochemicals, Religare Broking, Dredging Corporation of India, and Nava Bharat Ventures, that gained in the range of 11 per cent and 20 per cent. The S&P BSEMidCap index, on the other hand, ended 0.77 per cent higher. Sectorally, the Nifty Bank and Private Bank indices closed 4 per cent higher each after Finance Minister Nirmala Sitharaman said that the government has lifted embargo on grant of government business to private banks. Federal Bank, Bandhan Bank, IDFC First Bank, and IndusInd Bank remained top performers on the Nifty Private Bank index. That apart, the Nifty Financial Services, Realty, and Media indices closed between 1 per cent and 2.5 per cent higher. On the downside, the Nifty IT was the only index that ended in the red, down 0.11 per cent. In the primary market, the 3-day IPO of Heranba Industries was oversubscribed nearly 3 times till 5 PM on the NSE on the second day of the issue. In another development, the Union Cabinet took two important decisions today. First, it approved a production-linked incentive scheme for IT hardware products including laptops, tablets, personal computers (PCs) and servers. Besides, it also approved the PLI scheme for Pharmaceuticals from FY21 to FY29 to promote production of high value products in the country and increase value addition in exports. That apart, on the coronavirus front, the Cabinet approved to vaccinate people above 60 years of age and those above 45 years of age with co-morbidities at 10,000 government and over 20,000 private vaccination centres, from March 1. Lastly an update for Karvy Stock Broking clients. Axis Securities has emerged as the successful bidder to takeover the Trading accounts held by Karvy with NSE, BSE, and MSE. The said transfer of Trading accounts is subject to the remittance of the bid amount and submission of the necessary documents in relation thereto. Global markets European shares opened generally higher on Wednesday but world shares remained in the red after a weak Asian session, even after Fed Chair Jerome Powell pushed back against inflation fears. Europe's STOXX 600 rose in early trading, up 0.1 per cent, Germany's DAX was up 0.4 per cent, but London's FTSE 100 was down 0.7 per cent. The MSCI world equity index, which tracks share

The National Stock Exchange (NSE) had experienced a technical glitch in the early hours of the day on Wednesday (February 24, 2021). All trading activities were suspended for about four hours. More importantly, trading had resumed after the markets had closed at 3.30 pm and the exchanges were functioning till 5 pm. This had a massive impact on many traders, who lost several crores at the stock exchanges. BusinessLine's Palak Shah gives us more details. Listen to the podcast. --- Send in a voice message: https://anchor.fm/business-line/message

No tinkering with the direct taxes, capital gains taxes or security transaction tax, and no announcement of Covid tax on super-rich left bulls untamed at the bourses who managed to entirely reverse previous week's losses and clock the sharpest-ever Budget rally, in absolute terms, on Monday. Besides, Finance Minister Nirmala Sitharaman's focus on disinvestment, increased FDI exposure for the insurance sector, and a cleanup plan for stressed assets were among a few of the other confidence-boosting measures. Overall, the market capitalization of the BSE-listed companies increased by Rs 6.78 trillion to Rs 192.9 trillion on Monday with 2,315 points, or 5 per cent, gain in the S&P BSE Sensex, which closed at 48,601 level. In the intra-day trade, the index zoomed nearly 2,500 points, hitting a high of 48,764. The broader Nifty50 index also reclaimed the psychological level of 14,000 level and closed the session at 14,281. The broader market peers, however, underperformed the benchmarks. Nonetheless, the S&P BSE MidCap index ended 3 per cent higher at 18,630 while the S&P BSE SmallCap index settled 2 per cent higher at 18,353. Budget proposals nudged sectors like financials, insurance, and infrastructure with shares of financials including banks, non-banking housing finance companies (NBFCs), housing finance, and insurance companies soaring up to 20 per cent. ICICI Bank, IndusInd Bank, Shriram City Union Finance, IDBI Bank, and Bajaj Finserv rallied more than 10 per cent on the National Stock Exchange (NSE). Besides, LIC Housing Finance, State Bank of India (SBI), RBL Bank, AU Small Finance Bank, Bank of India, Housing Development Finance Corporation (HDFC), Bank of Baroda and Aavas Financiers surged between 7 per cent and 10 per cent. Among infrastructure firms, mainly engaged in the business of roads and highways construction, shares of NCC rallied 13 per cent, Ashoka Buildcon jumped 9 per cent, KNR Constructions gained up 7 per cent, Dilip Buildcon soared 6 per cent, and Larsen & Toubro advanced 4 per cent. That apart, the volatility index, India VIX, also cooled off 8 per cent to 23.3 levels supporting the underlying optimism which came despite higher borrowing and a wider fiscal deficit. The sentiment, analysts say, was on account of the positive measures to revive the Covid-19 hit economy. That said, while the fiscal deficit number and the gross borrowing estimates are a tad higher-than-expected, the money is being put to good use, they say. The government plans to borrow around Rs 12 trillion in FY22 and has pegged fiscal deficit at 6.8 per cent of the GDP. The FM said the government will be borrowing an additional Rs 80,000 crore in this fiscal to meet its deficit for 2020-21, pegged at 9.5 per cent of the GDP. Therefore, the total gross borrowing this fiscal would be Rs 14 trillion. A higher fiscal deficit anchor for the state governments, experts say, should allow them to prioritise capex and National Infrastructure Pipeline (NIP) funding, but add to the overall general government borrowings in the coming fiscal. Going ahead, Ajit Mishra, VP-Research at Religare Broking expects this budget rally to continue but he advises market participants to be selective in their approach now. Investors, he says, should focus on global cues and corporate earnings to gauge market trajectory. 

After a one-day blip, the domestic equity market resumed their northward journey on Friday. Although the session was marked with heightened volatility, the frontline indices managed to end in the green amid healthy buying in financial, oil and gas, metal, and FMCG stocks.   The benchmark S&P BSE Sensex ended at 46,099, up 139 points, or 0.3 per cent while NSE's Nifty ended at 13,514, up 36 points, or 0.26 per cent.   During the day, Sensex hit a record high of 46,309.63 while Nifty scaled an all-time peak of 13,579.35. On a weekly basis, Sensex gained 2.2 per cent while Nifty added 1.9 per cent.   Shares of state-owned oil and gas companies rallied up to 10 per cent on the BSE in the intra-day trade as crude oil prices extended their northward journey. On Thursday, Brent crude price crossed $50 per barrel-mark for the first time since March on demand recovery and hopes of Covid-19 vaccine.   ONGC ended 5.68 per cent higher at Rs 96.80 on the BSE.   In the broader market, the S&P BSE MidCap index ended 0.15 per cent higher at 17,521 points and the S&P BSE SmallCap index settled 0.51 per cent higher at 17,553 points.   Among sectoral indices on the NSE, Nifty Metal gained the most - up over 1 per cent to 3,146 levels. On the other hand, Nifty Pharma slipped 0.6 per cent to 12,366 levels.   Among other buzzing stocks, Apollo Tyres advanced 7 per cent to hit a fresh 52-week high of Rs 194.70 on the National Stock Exchange (NSE) on the back of heavy volumes. The stock eventually settled at Rs 192.8, up 6.28 per cent.   Shares of Larsen & Toubro (L&T) gained for the seventh straight session amid expectation that awarding momentum may pick up going forward. The stock ended flat with a positive bias at Rs 1,194, up 0.34 per cent.   Meanwhile, Sanofi and GSK said clinical trials of their Covid-19 vaccine showed an insufficient immune response in older people, delaying its launch to late next year and marking a setback in the global fight against the pandemic. Global markets   Asian shares rose on Friday as progress on Covid-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and US stimulus talks capped gains in riskier assets.   Overnight on Wall Street, the Dow Jones Industrial Average fell 0.23 per cent, the S&P 500 lost 0.13 per cent and the Nasdaq Composite added 0.54 per cent.   In commodities, oil rose, adding to sharp gains overnight that saw Brent top $50 for the first time since March, as the rollout of coronavirus vaccination programmes fed hopes that demand for fuel would rebound up next year.

Continuing their gaining streak, the benchmark indices ended 1 per cent higher on Tuesday amid across-the-board buying.   The S&P BSE Sensex rallied 446 points, or 1 per cent to settle at a fresh closing high of 44,523 levels. During the day, the index hit a high of 44,601.63 levels. On similar lines, NSE's Nifty breached the psychological level of 13,000 to settle at 13,055, up 129 points, or 1 per cent.   Volatility index, India VIX, gained over a per cent to 21.05 levels.   HDFC Bank, ICICI Bank, Axis Bank, and Reliance Industries (RIL) were the major contributors to the Sensex's gain today. Axis Bank (up 4 per cent) was the biggest gainer on the index while HDFC (down nearly 1.5 per cent) was the top loser.   In the broader market, the S&P BSE MidCap index ended 0.58 per cent higher at 16,739 levels while the S&P BSE SmallCap index gained 0.89 per cent to 16,550 points.   On the NSE, all the sectoral indices ended in the green. Nifty Bank surged 713 points, or 2.46 per cent to 29,737 levels.   Among buzzing stocks, shares of Adani Ports and Special Economic Zone (APSEZ) jumped 7 per cent to Rs 401.85 on the BSE in the intra-day trade after the company said it ranked 14th in the transportation and transportation infrastructure sector of Dow Jones Sustainability Emerging Markets Index, 2020. APSEZ is the only company from India to have been included in this sector. The stock ended at Rs 392, up 4.6 per cent.   Shares of Granules India hit a record high of Rs 420 on the BSE on the back of heavy volumes. The pharmaceutical company's stock surpassed its previous high of Rs 406.90, touched on September 29, 2020.   Meanwhile, the National Stock Exchange (NSE) has declared Karvy Stock Broking as a defaulter for non-compliance with the regulatory provisions of the bourse.   In addition, Karvy Stock Broking has been expelled from the membership of the exchange, the NSE said in a circular. Now, a look at the global markets.   Stocks gained on Tuesday as the formal go-ahead for US President-elect Joe Biden to begin his transition added to an already brighter mood from progress made on Covid-19 vaccines and the prospects for a speedy global economic revival.   European markets appeared set to extend optimism in Asian and US equities, with Euro Stoxx 50 futures and FTSE futures up 0.52 per cent and 0.42 per cent, respectively.   China stocks, however, closed lower as investors booked profits following recent strong gains.   In commodities, Brent crude prices hit their highest levels since March while gold hit a four-month low as investors deserted the safe-haven metal on hopes for the vaccine.

After rallying for eight sessions in a row, the domestic equity market took a breather on Thursday as it ended around 0.5 per cent lower even as Finance Minister Nirmala Sitharaman announced 12 measures under 'AtmanirbharBharat 3.0' to revive the economy.   Indian economy, the FM said, is seeing a “strong recovery” taking root in the economy, as seen by increased goods and service tax collections and other metrics.   Among headline indices, the S&P BSE Sensex settled 236 points, or 0.54 per cent lower at 43,357 levels while NSE's Nifty ended at 12,691, down 58 points, or 0.46 per cent. India VIX dropped nearly 6.5 per cent to 20.6 levels.   The broader market, however, fared better than the headline indices. The S&P BSE MidCap index ended 0.5 per cent higher at 15,741 levels while the S&P BSE SmallCap index rallied over 1 per cent to 15,466 points.   Sectorally, Nifty PSU Bank index slipped the most - down over 2 per cent to 1,400 levels while Nifty Bank fell 2 per cent to 28,279 points.   Realty and fertilizer stocks, on the other hand, rallied in the trade.   Among individual stocks, Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by up to 2 per cent from their respective intra-day lows on the National Stock Exchange (NSE).   The government announced relaxations in income tax rules to allow the sale of primary residential units of up to Rs 2 crore value below the circle rate.   Similarly, shares of agri-related companies including fertilisers and agrochemicals traded higher by up to 8 per cent on the BSE on Thursday in an otherwise weak market after Finance Minister Nirmala Sitharaman announced a new set of stimulus measures including Rs 65,000-crore fertiliser subsidy to farmers.   Global markets   Global shares were on course on Thursday to end their longest winning streak in over a year, one that has lifted them more than 10%, as the post-U.S. election and coronavirus vaccine bull run paused.   In commodities, gold prices edged up as concerns over the economic fallout from surging Covid-19 cases outweighed positive development around a vaccine. Oil prices, however, fell.

Benchmark indices ended Tuesday's volatile session with over 1 per cent gain but off the day's top as investors booked profits after the Indian Army said an officer and two soldiers were killed in Galwan Valley in eastern Ladakh on Monday night during a violent face off with the Chinese troops.  However, by the session's end, the Sensex was back in the green and closed 376 points higher at 33,605 while the Nifty50 index ended the session at 9,914. The Sensex hit an intra-day high of 34,022 and a low of 32,953 as volatility shot up 8 per cent before cooling off at the closing hours. The HDFC twins (both up 4%) were the top Sensex gainers while Axis Bank and Tech Mahindra (both down 2%) were the main laggards. In the Sensex pack, 15 stocks advanced while as many declined. The Nifty sectoral indices ended mixed. Nifty Financial Services index, up 2.7 per cent, was the top gainer whille Nifty PSU Bank index, down 0.9 per cent, bled the most. The broader markets underperformed the benchmarks. The S&P BSE MidCap closed 0.3 per cent higher while the S&P BSE SmallCap index was flat. Buzzing stocks Shares of Ramco Systems were locked in the 10 per cent upper circuit band for the fifth straight day, at Rs 146.70 on the National Stock Exchange (NSE).  Shares of Tata Motors ended the session 5.67 per cent lower at Rs 94.75 on the BSE after posting a consolidated net loss of Rs 9,863.73 crore in the fourth quarter ended March 31 (Q4FY20). Global markets The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. A nearly 5 per cent jump by Japan’s Nikkei ensured the best day for Asian equities since late March and almost 2 per cent rises from London, Paris and Frankfurt got Europe off to a fast start.

Shrugging off Moody's downgrade of India's long-term sovereign rating, the domestic equity market ended with decent gains on Tuesday, though the session remained rangebound. Moreover, strong global cues and reassurance by Prime Minister Narendra Modi, in an address to India Inc at the CII's 125th annual session, that India will return to growth, boosted sentiment further.  The benchmark S&P BSE Sensex rallied 522 points or 1.57 per cent to 33,825.53 levels, thanks to buying in financial counters such as HDFC, HDFC Bank, ICICI Bank, Bajaj Finance, Axis Bank. NSE's Nifty ended at 9,979, up 153 points or 1.56 per cent.  Buzzing Stocks Shares of Adani Green Energy hit an all-time high of Rs 273 and were locked in the 5 per cent upper circuit band on the BSE on Tuesday, after the company said that there will be no material impact on the company’s profit due to the Covid-19 pandemic. The stock was trading higher for the fifth straight trading day. In the past three months, the stock has zoomed 75 per cent against a 12 per cent decline in the S&P BSE Sensex. Shares of pharmaceutical companies continued their northward journey on Tuesday with Nifty Pharma index crossing 10,000 mark after a gap of 19 months as Aurobindo Pharma, Biocon, Cipla and JB Chemicals & Pharmaceuticals hit their respective 52-week highs on the National Stock Exchange (NSE). Glenmark Pharmaceuticals, Cadila Healthcare, Sun Pharmaceutical Industries, Aurobindo Pharma and Lupin were up in the range of 2 per cent to 5 per cent today.

Benchmark indices ended over 2 per cent higher on Wednesday amid buying in financial stocks such as HDFC and HDFC Bank. Further, finance minister Nirmala Sitharaman's statement that the government was with industry and would do as much as possible to repair the damage when companies were going through the most stressful time, also boosted sentiment.  The S&P BSE Sensex rallied an impressive 622 points or over 2 per cent to 30,819 levels, with HDFC (up over 5.5 per cent) being the top gainer. Other top index gainers included Mahindra & Mahindra (up over 5 per cent), L&T (up 5 per cent), and Tata Steel (up 4 per cent).  NSE's Nifty ended above 9,050 levels at 9,066.55 points, up 187 points or over 2 per cent. Volatility index, India VIX, saw a sharp drop of 10 per cent at 35.59.  Sectorally, all the indices on the NSE ended in the green. Nifty Pharma topped the list with over 4 per cent gains at 9,456.80 levels. Nifty Bank and Nifty Private Bank gained 2 per cent each.  In the broader market, the S&P BSE MidCap index climbed around 1.5 per cent to 11,278 while the S&P BSE SmallCap added over 1 per cent to 10,472. Buzzing stocks Shares of Reliance Industries – Rights Entitlement (RIL-REL) moved higher by up to 36 per cent to Rs 211.95 level on the National Stock Exchange (NSE) on the first day of its trading. The stock opened at Rs 158.05 and hit an intra-day low of Rs 152 on the exchange.  The market capitalisation (m-cap) of Avenue Supermarts, which runs the DMart chain of stores, crossed the packaged consumer goods company Nestle India today.  Shares of Larsen & Toubro (L&T) Infotech rallied 7 per cent after the company posted revenue growth of 4.7 per cent in constant currency (CC) terms on sequential basis in March quarter results. In rupee terms, the firm's revenue during the quarter under review grew up 7.1 per cent quarter on quarter (QoQ) at Rs 3,012 crore while consolidated net profit rose 13 per cent year-on-year to Rs 427.5 crore. 

Equity market ended yet another volatile session in the negative territory on Thursday amid a lack of positive triggers. The market witnessed across-the-board sell-off with financial and consumer stocks falling the most. Further, jump in Covid-19 cases in India also dented the sentiment. According to the health ministry, the number of Covid-19 cases reached 52,952 with deaths at 1,783.  That apart, Bank of England's statement that Britain could be headed for its biggest economic slump in over 300 years due to the coronavirus lockdown also weighed on the investor sentiment.  The headline index, S&P BSE Sensex, lost 242 points or 0.76 per cent to end at 31,443.38. Of 30 constituents, 25 ended in the red and rest 5 in the green. HDFC Bank, HDFC, Bharti Airtel, and ICICI Bank contributed the most to the index's fall. NSE's Nifty settled at 9,199.05, down 72 points or 0.78 per cent.  In the broader market, the S&P BSE MidCap index ended at 11,419.68, down 61 points or 0.5 per cent while the S&P BSE SmallCap index slipped 0.14 per cent to 10,686.75 levels.  Buzzing stocks Shares of Hindustan Unilever (HUL) slipped 5 per cent to Rs 1,902 on the National Stock Exchange (NSE)  in the early deals after UK-based Glaxo-SmithKline (GSK) offloaded its stake in the fast moving consumer goods (FMGC) major via block deals. At the close, the stock settled at Rs 1,992.50, down nearly a per cent.    Shares of YES Bank surged 20 per cent in the intra-day deals after the private lender reported better-than-expected March quarter (Q4FY20) results. For the recently concluded quarter, YES Bank posted a net profit of Rs 2,628.6 crore on the back of on-time gain attributed to an exceptional item of Rs 6,296 crore owing to writing-down additional tier-1 bonds as part of its planned reconstruction scheme. The stock ended at Rs 28.15, up nearly 7 per cent.  Paint stocks extended their decline into Thursday and slipped up to 5 per cent on the BSE on concerns of demand destruction in the near term due to the outbreak of coronavirus (Covid-19).

Erasing all its morning gains, the domestic equity market ended in the negative territory on Tuesday amid selling in banks, metals and FMCG counters.   Shares of state-run banks dropped with Nifty PSU Bank index hitting an over 13-year low on the National Stock Exchange (NSE) on concerns over asset quality. Among individual stocks, State Bank of India (SBI) hit a 52-week low of Rs 168.80 apiece. The stock ended at Rs 171.40  on the NSE, down over 4 per cent.    At the index level, the S&P BSE Sensex slipped 262 points or 0.83 per cent to end at 31,453.51, with SBI being the top loser and M&M (up over 3 per cent) the top gainer. NSE's Nifty lost 88 points or 0.95 per cent to settle at 9,205.60 levels.   All the sectoral indices on the NSE ended in the red. Nifty Bank fell 472 points or 2.39 per cent to 19,272, while Nifty FMCG slipped 1.67 per cent to 27,138.60 levels. Nifty Pharma dropped nearly 2 per cent to 9,181.50 levels and Nifty Metal dived over 1 per cent to 1,693.65 levels.    In the broader market, both S&P BSE MidCap and S&P BSE SmallCap indices dropped nearly a per cent each to 11,391.21 and 10,649.61 levels, respectively. Global Markets   Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up.   MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.84 per cent. The gains were led by Australia's ASX 200, which rose 1.42 per cent. Hong Kong's Hang Seng climbed 0.84 per cent.   European stocks also gained as a jump in shares of French energy major Total and a slew of positive earnings reports added to optimism over the easing of lockdowns by major economies.   In commodities, oil prices jumped again on hopes for a recovery in vehicle traffic and fuel demand, as some US states and countries in Europe and Asia start to ease coronavirus lockdown measures

Extending its gains, the domestic equity market settled in the positive territory on Thursday amid solid buying in IT and financial stocks. The S&P BSE Sensex climbed 484 points or 1.54 per cent to end at 31,863. Infosys (up around 5.7 per cent) contributed the most to the index's gains. Other major contributors to the gains were HDFC Bank, TCS, ICICI Bank, and Reliance Industries (RIL).  On the NSE, the benchmark index Nifty settled at 9,314 levels, up 127 points or 1.38 per cent. India VIX declined around 9 per cent to 39.01 levels.  Among buzzing stocks, Vodafone Idea surged as much as 14.89 per cent to Rs 4.55 on the BSE after its parent company, Vodafone Plc, announced that it was making an advance payment of $200 million to its India arm. The stock ended at Rs 4.33, up 9.34 per cent.  Shares of Zee Entertainment Enterprises (ZEE) surged 14 per cent to Rs 173 on the National Stock Exchange (NSE) after foreign portfolio investors (FPIs) bought less than 1 per cent stake in the broadcasting & cable TV operators via open market on Wednesday. The stock ended around 4 per cent higher at Rs 157.55 apiece.  Alembic Pharmaceuticals surged 10 per cent to Rs 699 on the BSE after the company's consolidated profit before tax (PBT) more than doubled at Rs 298 crore in the January-March quarter (Q4FY20), on the back of healthy revenue. The drug maker had a PBT of Rs 139 crore during the same quarter in previous fiscal.  In the broader market, the S&P BSE MidCap index rose nearly a per cent to 11,671 while the S&P BSE SmallCap index gained over 1 per cent to 10,785 levels. Global Markets Caution gripped markets on Thursday, with stocks falling before a key Eurogroup meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of US coronavirus aid and a recovery in oil prices. European stocks slipped 0.4 per cent and US stock futures were down 0.3 per cent after a strong show on Wednesday. In Asia, MSCI’s broadest index of Asia Pacific shares outside of Japan bounced from two-week lows to be up 0.6 per cent at 460.43 points. Chinese shares gave up gains with the blue-chip index down 0.1 per cent. Japan’s Nikkei climbed 1.5 per cent. South Korea’s KOSPI index rose 1.09 per cent while Hong Kong’s Hang Seng index added o.5 per cent. In commodity markets, oil surged amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the US state of Oklahoma also moved to help oil firms pump less. Brent crude was up 99 cents, or 15 per cent, at $21.36 a barrel at the time of writing of this report. US West Texas Intermediate (WTI) futures were up 98 cents, or more than 7 per cent, at $14.76 a barrel. 

On Tuesday, US President Donald Trump took to Twitter to announce the temporary suspension of the immigration. He tweeted, “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!”   Well, the announcement came days after the US government allowed applicants for H-1B visas to continue in the country.   However, Trump talked about suspending immigration visas, and the H-1B visa, which is more popular among Indian IT professionals, is a non-immigrant visa. But his reasoning that he needs to protect jobs of American citizens indicates that non-immigrant work visas too might be on his target.   To remind, the H-1B visa allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.   Details of Trump's executive order were not immediately known. He also did not indicate when he would sign such an order.   In response to Trump’s tweet, India’s IT services industry body National Association of Software and Services Companies tweeted “NASSCOM seeks details on the Executive Order of the President of the United States suspending immigration temporarily.” Speaking of the market’s reaction, shares of information technology (IT) companies were under pressure, falling by up to 6 per cent on the National Stock Exchange (NSE) in early morning deals on Tuesday.   Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Wipro, HCL Technologies, Hexaware Technologies, NIIT Technologies and Mindtree were down 1 per cent to 5 per cent on the NSE in intra-day trade.   However, Nifty IT index has outperformed the market, down 2.1 per cent compared to 2.7 per cent decline in the benchmark Nifty 50 index.   It is understood that the move comes against the backdrop of an unprecedented economic crisis looming on account of the coronavirus pandemic, which has taken a heavy toll on the US.   Trump has already closed the Northern and Southern border that attracts a large number of illegal immigrants.   Due to the pandemic, the US has experienced a record layoff. As off last week, a record number of 22 million Americans have applied for unemployment benefits.   Besides, with the lockdowns in place and several client projects shutting down, many Indians on H-1B work visas have also either lost jobs or are stuck in the US since Indian airspace is also shut.   That apart, amid a coronavirus-induced supply glut, a historic collapse in the US crude futures saw it turn negative for the first time in history. The May contract of US WTI crude oil tumbled as low as minus $40.32 a barrel overnight, before recovering to around $2 a barrel. To know more, tune in to this podcast 

After a one-day halt, stock market resumed its downward trajectory on Monday following global peers after the US Federal Reserve cut interest rates to near zero on Sunday in another emergency move to help shore up the US economy amid the rapidly spreading global coronavirus pandemic.  Back home, the Reserve Bank of India (RBI), too, is expected to cut rates to fight coronavirus. The central bank is scheduled to hold a press conference later at 4 pm today.  The S&P BSE Sensex today tumbled 2,713 points or nearly 8 per cent to end the session at 31,390 levels. All the 30 constituents of the index ended in the red. IndusInd Bank bled the most - down 18 per cent to Rs 658, followed by Tata Steel (down over 10 per cent), HDFC (down over 10 per cent), and ICICI Bank (down 10 per cent).  NSE's frontline index Nifty tanked 756 points or 7.6 per cent to close at 9,199. All the sectoral indices ended with deep cuts. Nifty Bank index tumbled 2,087.50 points or over 8 per cent to 23,079 levels while Nifty Metal cracked 9 per cent to 1,734 levels. Volatility index India VIX rallied 16 per cent to 59.74 levels.  Market breadth was in favour of declines as out of 1,836 companies traded on the BSE, 1,410 declined and 330 advanced while 96 remained unchanged.  In the broader market, the S&P BSE MidCap declined 6 per cent to 11,889 levels while the S&P BSE SmallCap index lost 666 points or 5.66 per cent to 11,095.   New listing Shares of SBI Cards & Payment Services (SBI Cards) listed at Rs 661, 12.45 per cent below its issue price of Rs 755 on the National Stock Exchange (NSE) on Monday. On the BSE, it opened at Rs 658, 13 per cent lower against issue price. However, at 10:09 am, the stock was trading at Rs 751, after hitting a high of Rs 754 on the BSE. A combined around 26 million shares have changed hands on the counter on both the exchanges so far. Stock closed at Rs 683, 9.5% down against the issue price.   Shares of YES Bank recorded their sharpest intra-day gain -- 58 per cent -- to Rs 40.40 on the BSE on Monday in an otherwise weak market after the Union Cabinet approved the reconstruction of the crisis-hit private sector lender as per the scheme proposed by Reserve Bank of India (RBI). At 10:34 am, YES Bank was trading at Rs 38.85, up 52 per cent against its previous day’s close of Rs 25.55 on the BSE.YES Bank was the only Nifty stock that ended in the green. The stock advanced 45 per cent to end at Rs 37.05 on the NSE.    Shares of multiplex operators like PVR and Inox Leisure tanked up to 19 per cent on the BSE on Monday after the Maharashtra government on Friday announced that cinema halls will remain closed in major metros till March 31, 2020, as the number of Coronavirus (Covid- 19) cases rose in the state. Delhi, Kerala and UT of Jammu & Kashmir have also announced cinema theatres to remain closed up to 31 March 2020 amid the outbreak of Covid-19. Global Markets Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap US dollars to ease a ruinous logjam in global lending markets. European shares, too, plunged as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage. In commodity market, US crude fell below $30 as emergency rate cuts by the US Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Gold prices, too, jumped in trade before paring gains as some investors sold the metal for cash amid a sell-off in equities. Read by: Sukanya Roy  

Benchmark indices ended around half a per cent lower on Monday, dragged down by banking stocks exposed to telecom operators after the government ordered mobile carriers to immediately pay the adjusted gross revenue (AGR) dues.  The S&P BSE Sensex declined 202 points or 0.49 per cent to end at 41,056 levels. HDFC, Reliance Industries (RIL), ITC, SBI, and ICICI Bank emerged as the major contributors to the index's fall while TCS and Infosys gave the much-needed support.  Vodafone Idea ended over half a per cent lower at Rs 3.42 after jumping around 19 per cent in the early trade. The stock reversed its gains after the Supreme Court rejected the telecom firm's proposal to pay Rs 2,500 crore by the end of the day and Rs 1,000 crore by Friday against AGR dues, while also refusing its plea that no coercive action be taken against it. READ MORE NSE's Nifty ended the day at 12,046, down 68 points or 0.56 per cent.  Volatility index India VIX advanced nearly 7 per cent to 14.54 levels. On the sectoral front, Nifty PSU Bank index slumped the most - nearly 3 per cent to 2,146 levels. Bank of Baroda (BoB), Punjab National Bank (PNB), Oriental Bank of Commerce, Allahabad Bank and Union Bank of India (UBI) has hit their respective five-year lows on the National Stock Exchange (NSE) in the intra-day trade. Indian Bank and Jammu & Kashmir Bank from the Nifty PSU Bank index also hit their fresh 52-week lows. READ MORE GLOBAL MARKETS Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.17 per cent to near last week’s peak of 558.30, its highest since late January. Japan’s Nikkei fell 0.7 per cent after its economy shrank at the fastest pace in almost six years in the December quarter. The slowdown in the world’s third-largest economy came amid concern the coronavirus effects will hurt output and tourism, stoking fears Japan may slump into recession. South Korea’s KOSPI index ended mostly flat. Australian, Singapore and Malaysian share indexes weakened. In commodities, gold fell 0.25 per cent to $1,580 an ounce. Brent crude was higher at $57.41 a barrel and US crude added 0.25 per cent to $52.22. 

Buying in select blue-chip counters such as Asian Paints, Nestle India, Hindustan Unilver (HUL), and Bajaj Auto helped benchmark indices to settle in the green on Monday. However, the broader market trend was cautious as Budget proposals fell short of market expectations and, hence failed to revive animal spirits.  The S&P BSE Sensex added 137 points or 0.34 per cent to settle at 39,872 levels while NSE's Nifty50 index closed above 11,700 level at 11,708, up 46 points or 0.39 per cent.  Market breadth remained in favour of declines as out of 2,645 companies traded on the BSE, 966 advanced and 1,495 declined while 184 remained unchanged. ITC continued to bleed for the second consecutive day on Monday, after the Finance Minister, while presenting Union Budget 2020-21 on Saturday, proposed to increase the National Calamity Contingency Duty (NCCD) on cigarettes, hookah, chewing tobacco, snuff and tobacco extracts and essence. The stock hit its fresh 52-week low today.  On the other hand, shares of multinational companies (MNCs) were in focus with Nifty MNC index gaining more than 2 per cent on the National Stock Exchange (NSE) after the government abolished the Dividend Distribution Tax (DDT) from company level and said it will now be taxed in hands of recipients. Among individual stocks, Nestle India hit a new high of Rs 16,279, up 5 per cent today. Hindustan Unilever (HUL) surged 5 per cent to Rs 2,180 on the NSE. Godrej Properties zoomed 10 per cent after the company’s consolidated profit before tax (PBT) in December quarter (Q3FY20) more-than-doubled at Rs 88 crore, on the back of strong operational performance. The stock ended at Rs 1,071 apiece on the BSE, up over 8 per cent. Globally, world shares sank to their lowest in seven weeks, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears the coronavirus epidemic would hit demand in China. Japan’s Nikkei dived 1 per cent to the lowest since November and Australia’s benchmark index ended 1.3 per cent lower.  In commodities, oil prices extended declines, dragged down by worries about lower demand in the world’s largest oil importer China following the coronavirus breakout.

Indian equities began the last week ahead of the presentation of the Union Budget for the financial year 2020-21 on shaky ground with most counters collapsing like a pack of cards on Monday.  The benchmark S&P BSE Sensex plunged 458 points, or 1.10 per cent, to settle at 41,155.12 level. In the intra-day trade, the index tanked 490 points to hit a low of 41,122. On the NSE, the broader Nifty50 ended the day at 12,119-mark, down 129 points or 1.06 per cent. In the intra-day trade, the index erased 141 points to hit a low of 12,107. Benchmark indices logged their second-biggest loss in the month of January. Metal stocks were under heavy selling pressure today as investors grew increasingly anxious about the economic impact of spreading of China's Coronavirus outbreak. Tata Steel was the top loser on the S&P BSE Sensex at close, down nearly 4 per cent. Among individual stocks, JSW Steel slipped 5 per cent, and Tata Steel and Jindal Steel and Power (JSPL) dipped more than 3 per cent on the National Stock Exchange (NSE) in the intra-day trade. India VIX -- the volatility index -- jumped nearly 11 per cent in the intra-day trade.   Sectorally, all the key indices closed in the red barring Nifty Pharma index, which was up 1.4 per cent. The Nifty Metal index was the top loser, down 3 per cent, on the NSE, followed by Nifty PSU Bank (down 2 per cent), and Nifty Bank index (down 1 per cent).  In the broader markets, mid and small-caps performed relatively better than the benchmarks on Monday. The S&P BSE mid-cap index slipped 0.4 per cent to settle at 15,759.01 level. The S&P BSE small-cap index, on the contrary, settled unchanged at 14,846.51.  Important December quarter results released today:  >> Housing finance firm HDFC Monday reported 296 per cent year-on-year rise in the standalone net profit at Rs 8,372.5 crore during the December quarter of FY20, compared to Rs 2,113.8 crore reported in Q3FY19. The NBFC extended loans totalling Rs 20,475.59 crore during the period under review. The stock was down by 2.25 per cent at close on the BSE. >> Besides, InterGlobe Aviation – the parent company of IndiGo airline – reported a consolidated net profit of Rs 496 crore during the December quarter of FY20. The figure was 168 per cent higher from a profit of Rs 185.2 crore logged in the December quarter of FY19. At close, the stock slipped 0.54 per cent. Actively traded stocks today: >> Shares of UltraTech Cement climbed 2 per cent to Rs 4,753 on the BSE on Monday, in an otherwise weak market, as most of the analysts maintained ‘buy’ rating on the stock, citing improving demand scenario which would lead to sustained volume growth for the company. At close, the stock was 1 per cent higher on the index. >> On the downside, shares of metal companies were under pressure today with the Nifty Metal index falling more than 3 per cent as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak. Among individual stocks, JSW Steel slipped 5 per cent, and Tata Steel and Jindal Steel and Power (JSPL) dipped more than 3 per cent on the National Stock Exchange. Vedanta, Hindalco Industries, Steel Authority of India (SAIL), Moil and NMDC were down in the range of 2 per cent to 3 per cent. Here is how the global markets traded today: Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan's Nikkei average suffered a steep 1.8 per cent loss, on track for the biggest one-day fall in three weeks.  MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.2 per cent, although trade in the region has already slowed for the Lunar New Year and other holidays, with financial markets in China, Hong Kong and Australia closed on Monday. In the commodities market, Brent Crude Futures were h

After a gap-up opening, Indian equities Thursday logged steady gains as investors cheered temporary de-escalation of a heated rhetoric between the United States and Iran.  In response to Iran's missile attack, US President Donald Trump said the strikes had not harmed any US troops stationed there and that damage was minimal. Trump, however, announced fresh sanctions on Tehran but stopped short of any further military escalation. This slight cool-off gave global markets some space for a relief rally. Financials contributed the most towards the benchmark S&P BSE Sensex's gains, pushing the index to close 634.61 points, or 1.55 per cent, higher at 41,452.35 level. ICICI Bank, State Bank of India, IndusInd Bank, and M&M were the top performing stocks at the 30-share index, while TCS, HCL Tech, NTPC, and Sun Pharma were the top laggards. On the NSE, the broader Nifty50 reclaimed the crucial 12,200-mark after three trading session and settled at 12,215.40, up 190.05  points or 1.58 per cent. All the sectoral indices ended the day in the positive territory, except Nifty IT index. Nifty PSB, Nifty Private Bank, Nifty Auto, Nifty Realty, and NIfty Media indices were all up about 2.5 per cent. On the downside, Nifty IT index settled with 0.5 per cent cut. BUZZING STOCKS >> Shares of small-cap companies were in focus on Thursday with S&P BSE Smallcap index hitting a 6-month high on the back of strong rally in agri inputs, fertilizers, education, metals, textiles and real estate stocks. The index hit a high of 14,095 points, its highest level since July 8, 2019. At cose, the S&P BSE small-cap index was at 14,080.58, up 1.5 per cent. >> Shares of real estate companies advanced at the bourses on Thursday, gaining up to 6 per cent on the National Stock Exchange (NSE), after the State Bank of India (SBI) launched a Residential Builder Finance with Buyer Guarantee scheme to safeguard home buyers financially. Sunteck Realty, Indiabulls Real Estate, DLF and Oberoi Realty were up more than 2 per cent each on the NSE in the intra-day trade today. At close, the Nifty Realty settled 2.73 per cent higher. GLOBAL CUES Asian stocks had their best session in weeks on Thursday, as the United States and Iran backed away from the brink of conflict in the Middle East and investors reversed their flight to safety. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3 per cent, its sharpest gain in almost a month. Hong Kong’s Hang Seng and Shanghai blue chips each added more than 1 per cent, while Japanese stocks rose further, gaining 2 per cent to their highest for the year so far. In Europe, the pan-European STOXX 600 index rose 0.6 per cent to a record high of 420.98, while stocks in Germany, the bloc's biggest economy, gained 1.1 per cent. In the commodities market, Brent Crude Futures were at $65.86 per barrel-mark, while WTI Crude was at $60 per barrel-mark by 3:00 pm.

Indian equities were hit by the boiling tensions in the Middle East on Monday, as the world's third biggest oil consumer stared at potential supply disruptions, and the consequent rise in the import bill due to surging crude oil prices.  The benchmark S&P BSE Sensex breached below the 41,000-mark to end the day at 40,676.63 level, down 788 points or 1.9 per cent. In the intra-day trade, the Sensex slipped 850.65 points, its biggest single-day fall in the last 4 months -- to hit a low of 40,613.96. With the 2 per cent decline, investors lost nearly Rs 3-trillion in terms of market cap today. At the index level, only two constituents -- Titan and Power Grid -- among the pack of 30 managed to settle the day in the green, while Bajaj Finance, SBI, IndusInd Bank, and Maruti Suzki emerged as the top losers today.  On the NSE, the Nifty50 closed at 11,993-mark, down 234 points or 1.91 per cent. The index logged its biggest one-day loss in the last six months, and hit an intra-day low of 11,974.20.  Fears of supply disruption to oil gained ground after US President Donald Trump threatened sanctions on Iraq, the second largest producer among the OPEC, after the latter's parliament voted in favour of expelling US and foreign troops. Besides, Iran voted to "abandon" the 2015 nuclear deal.  At 3:30 pm, Brent Crude Futures, which hit a high of $70.45 per barrel in the early trade, were quoting at $69.82 per barrel-mark, up 1.78 per cent. Among key sectoral indices, all the indices lost ground today with Nifty PSU Bank index being the top laggard. The index declined over 4 per cent at close as rising crude oil prices lifted bond yields, coupled with reports that the government may not propose capital infusion under the upcoming Union Budget for 2020-21. Additionally, Nifty Bank index tanked 898.7 points in the intra-day trade, its biggest single-day fall since April 2016. Five financials - HDFC Bank, SBI, HDFC, Bajaj Fin and ICICI Bank have collectively lost Rs 59,607 crore market-cap That apart, Nifty Auto, Financial Services, Metal, Realty and Private Bank indices slipped over 2 per cent by close. In the broader market, the S&P BSE mid-cap index tumbled 2.33 per cent to close at 14,761.66, while the S&P BSE small-cap index lost 1.96 per cent to end at 13,715.18. BUZZING STOCKS >> Banking counters, including Punjab National Bank, Bank of Baroda, State Bank of India, and Canara Bank slipped over 6 per cent on the National Stock Exchange (NSE) on Monday as heightened tensions between the United States and Iran pushed bond yields higher in India.  >> Shares of oil & gas companies, tyre, paint, and aviation firms were under pressure today as oil prices continued to surge for the seconf straight day. Hindustan Petroleum slipped 7.5 per cent in the intra-day trade to hit an over 4 month low of Rs 244. The stock eventually settled 7.2 per cent lower.  >> Shares of Titan Company climbed 3 per cent to Rs 1,170 on the BSE on Monday after the company’s jewelry sales for the December quarter came in line with guidance. The stock closed 1.65 per cent higher at Rs 1,158.

Snapping three-day losing streak, buying sentiment was back at D-Street with benchmark indices edging a per cent higher on Friday lifted by gains in financial counters.  The S&P BSE Sensex gained 411.38 points, or 1 per cent, to close at 41,575.14 level, with Axis Bank (up 3 per cent), Power Grid (2.2 per cent), SBI (2 per cent), and Bharti Airtel (1.89 per cent) settling as the top gainers on the index. On the flipside, UltraTech Cement (0.22 per cent), and Titan (0.17 per cent) were the top drags. On the NSE, the Nifty50 ended 124.15 points, or 1.02 per cent highet at 12,250.70-mark. On the sectoral front, all the key indices on the NSE settled the day in the positive territory. Nifty PSU Bank index was the best performing index, up 3 per cent, at close, followed by gains in Nifty Realty index (1.6 per cent), and Nifty Bank index (1.3 per cent).  The broader markets, too, followed headlines indices with the S&P BSE mid and small-cap indices gaining 0.86 per cent each. BUZZING STOCKS Shares of sugar manufacturers extended their rally for the second day in a row. Lower cane crushing and subsequent decline in sugar production has led to sugar stocks ralling in the past few sessions. Sector giant Balrampur Chini Mills hit a13-year high of Rs 185 on the BSE today, but settled 5.37% higher at Rs 184.55. Public sector banks (PSBs) were in focus on Friday, with Nifty PSU Bank index gaining more than 3 per cent on the National Stock Exchange (NSE), on expectation that the banks could benefit from lower yields on government bonds as RBI plans second round of OMO on December 30. Among individual stocks, Punjab & Sind Bank, Bank of Baroda and Punjab National Bank (PNB) gained more than 4 per cent each, while Canara Bank, Union Bank of India, State Bank of India (SBI) and Indian Bank were up in the range of 2 per cent to 3 per cent on the National Stock Exchange (NSE). Shares of ICICI Securities hit a 52-week high of Rs 436.70 on the BSE on Friday amid expectation of earnings improvement going forward. In the past two months, the stock has rallied 38 per cent after the company reported a consolidated net profit of Rs 135 crore in September quarter. The stock closed 17.57% higher at Rs 427.90 GLOBAL CUES Asian shares scaled an 18-month high on Friday while oil prices stayed buoyant in a holiday-shortened week, as investor optimism improved on hopes a US-China trade deal would soon be signed. In early European trade, the pan-region Euro Stoxx 50 futures added 0.4 per cent, German DAX futures rose 0.6 per cent while FTSE futures were up 0.5 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.7 per cent to 555.42, a level not seen since mid-2018. Japan’s Nikkei was off 0.4 per cent, but on track for a near 19 per cent rise this year, matching the annual increase of 2017. Australia’s benchmark index rose 0.4 per cent. Chinese shares gave up early gains with the blue-chip CSI300 down 0.1 per cent.

Indian equity indices ended a lackluster trade off day's low on Monday, as investors booked profit post stellar gains seen on Friday. The benchmark S&P BSE Sensex settled 71 points, or 0.17 per cent, lower at 40,938.72 level. The losses seen at metal and FMCG counters were trimmed by gains in the information technology (IT) stocks.  Among the 30-share index pack, Tata Consultancy Services (TCS), Tech Mahindra, HCL Technologies, and HDFC were the top gainers, up between 1 and 1.7 per cent. On the downside, ITC, Tata Steel, Hindustan Unilever, and Vedanta dragged up to 1.5 per cent lower.  On the NSE, the broader Nifty50 index held the 12,000-mark, at 12,053.95 level, down 33 points or 0.27 per cent.  Among the key sectoral indices on the National Stock Exchange, Nifty Metal index closed 1.3 per cent lower, while Nifty IT index settled 1.02 per cent higher. In the broader markets, the mid-caps took deeper cut. The S&P BSE mid-cap index declined 0.46 per cent, while the S&P BSE small-cap index was down 0.20 per cent. BUZZING STOCKS Nifty Bank index hit a record high of 32,186.95 in the opening deals on the National Stock Exchange (NSE) on expectations that ArcelorMittal could complete payment worth Rs 42,000-crore in the Essar Steel case to the lenders. For the world’s largest steel maker, the timeline of one month for the full payment ends on Monday. At close, the Nifty Bank index was at 31,997.20 level, down 0.08 per cent.  Shares of Sun Pharma cracked as much as 2.84 per cent to Rs 426.50 apiece on the BSE on Monday after the company informed that the US FDA has issued a Form 483, with eight observations for its Halol (Gujarat) facility. The inspection was conducted from December 03-13, 2019, the company said in its regulatory filing. The stock eventually settled 0.9 per cent lower at Rs 434.70 level.  GLOBAL CUES Asian shares hit their highest in nearly eight months on Monday after the United States and China agreed on a preliminary trade deal, with Australian shares leading the way on expectations of more easing of monetary policy there. Positive sentiment helped push the MSCI’s broadest index of Asia-Pacific shares outside Japan to its highest level since April 18. It was last up 0.25 per cent. Australia’s S&P/ASX 200 led the way as it jumped 1.63 per cent, while shares in Taiwan added 0.22 per cent. European shares hit an all-time high on Monday with the pan-European STOXX 600 index advancing 0.89 per cent to 415.68 points, surpassing the previous life-high made in April 2015.

Expectations of slower GDP numbers for September quarter (Q2FY20) due later in the day and weak global cues weighed on investor sentiment on Friday with the benchmark indices sliding nearly a per cent. It is widely expected that the second quarter GDP print will slip below 5 per cent on subdued consumer demand, weakening private investment and falling exports courtesy global slowdown.   The S&P BSE Sensex lost 336 points or 0.82 per cent to settle at 40,794 with YES Bank (down 2.50 per cent) being the top loser and Bharti Airtel (up over a per cent) the biggest gainer. During the day, the index hit a low of 40,664.18 levels. Reliance Industries (RIL), ICICI Bank, Hindustan Unilever (HUL), and State Bank of India (SBI) contributed the most to the index's fall.  NSE's Nifty50 index closed the session at 12,056, down 95 points or 0.78 per cent.  On a weekly basis, Sensex gained 0.54 per cent and Nifty added 0.66 per cent.  In the broader market, Nifty Midcap 100 index ended flat at 17,222, up 0.06 per cent while Nifty SmallCap 100 index outperformed the benchmarks by settling nearly a per cent higher.  Sectorally, except realty stocks, all the counters ended in the red. Media stocks tumbled the most, followed by PSU banks, metals and auto stocks. The Nifty Realty index ended a per cent higher at 282 levels.  Buzzing stocks of the day: Zee Entertainment slipped nearly 6 per cent to end at Rs 293.55 apiece on the BSE. The stock has been under pressure on series of developments such as Subhash Chandra's resignation as chairman of the company and then stepping down of three directors.   Shares of Future Group companies rallied in the trade a day after the Competition Commission of India (CCI) said it has approved Amazon.com NV Investment Holdings' proposal to acquire about 49 per cent share in Future Coupons (FCL) - a subsidiary of Future Group. Indiabulls Housing Finance rallied 13 per cent to Rs 377 during the day on the National Stock Exchange (NSE) after foreign portfolio investors (FPIs) bought nearly one percentage points stake in the company through open market. The stock of the housing finance company had zoomed 25 per cent on Thursday. However, the stock reversed gains in the intra-day deals to end at Rs 290, down over 13 per cent on the BSE.  Global markets: Asian shares slipped, knocking a global stock index off its path to hitting an all-time peak as investors turned cautious, fearing a new US law backing Hong Kong protesters could torpedo efforts to end the US-China trade war. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 1 per cent. Hong Kong  led the dip with losses of 2 per cent.  South Korean shares lost 1.4 per cent and Japan's Nikkei eased 0.5 per cent. China's blue-chips gave up 1.3 per cent a day before the country reports manufacturing activity. In commodities, oil prices were mixed. Investors awaited a meeting of OPEC and its allies next week that may result in the extension of an output cut agreement to support the market.

Continuing their bull run, equity benchmarks ended at fresh closing high on Wednesday, led by buying in financial, auto and metal counters. Optimism surrounding the signing of the first phase of a US-China trade deal also boosted investor sentiment. The S&P BSE Sensex climbed 199 points or 0.49 per cent to end at 41,021, - its fresh closing peak. Also, it was the for first time that the index settled above the crucial 41,000-mark. Sensex hit an all-time high of 41,120.28 in the intra-day trade on Tuesday. HDFC, Reliance Industries (RIL), SBI, HUL, and Maruti contributed the most to the index's gains today. Out of 30 constituents, 24 ended in the green.  On the NSE, the frontline index Nifty closed at a record high of 12,100.70 with 37 constituents advancing and 13 declining. Nifty Bank, too, ended at a fresh closing high of 31,875.95 levels. In the broader market, midcaps outperformed the benchmarks while small-caps were subdued. The Nifty Midcap 100 index added 0.76 per cent to end at 17,043 levels while The Nifty SmallCap ended flat at 5,723, up just 0.04 per cent.  Sectorally, barring realty and media stocks, all the indices ended in the green. PSU bank stocks gained the most with the Nifty PSU Bank index rising nearly 2 per cent to 2,625 levels. Nifty Auto index added 1.27 per cent to close at 8,203 levels.  Buzzing stocks of the day: Shares of YES Bank climbed up to 9 per cent to Rs 68.85 during the session after the private sector lender announced that its board will meet on Friday to consider raising of funds. It ended at Rs 68.25 apiece, up 7.65 per cent. YES Bank also ended as the top gainer on the Sensex.   Shares of automobiles along with auto ancillaries companies gained on reports that the Cabinet may consider approving scrappage policy in today's meet. Tata Motors, Mahindra & Mahindra, Bharat Forge and Ashok Leyland from the Nifty Auto index climbed 3 per cent each on the National Stock Exchange (NSE). Maruti Suzuki India, Eicher Motors, Hero MotoCorp, TVS Motor Company and Bajaj Auto were all up in the range of 1-2 per cent each. SBI regained 3 trillion market capitalisation. The stock ended at Rs 343.6, up nearly 2.50 per cent.  RBL Bank hit a 2-month high of Rs 369, up 6 per cent in intra-day trade, on the BSE on report that the private lender is looking to raise up to Rs 2,000 crore through a QIP offering. The stock ended at Rs 368, up over 5.50 per cent.  Global markets: European shares touched a four-year high in early trading, as comments from US President Donald Trump sparked hopes of an imminent resolution to the drawn-out trade war with China. Trump said on Tuesday that Washington was in the “final throes” of work on an initial trade agreement, adding to optimism from earlier in the day when Beijing said top negotiators from both countries had reached a consensus on “resolving relevant problems”. In Asia, however, China shares fell as weak industrial profit data highlighted growing strains on the economy. At the close, the Shanghai Composite index fell 0.1 per cent to 2,903.19 and the blue-chip CSI300 index was down 0.4 per cent, while most other Asian markets gained on hopes of a deal. In commodities, oil prices slipped after an industry report showed a surprise build-up in US crude inventories, but optimism surrounding the signing of the first phase of a US-China trade deal prevented a bigger slide in prices.

Benchmark indices ended in the red on Thursday largely due to profit-booking by investors in industry heavyweights like Bharti Airtel and Reliance Industries. Other blue-chips such as ITC, Axis Bank, Maruti, IndusInd Bank, and Tata Steel also witnessed selling during the day.  The S&P BSE Sensex ended 76 points or 0.19 per cent lower at 40,575 with Tata Steel (down over 3 per cent) being the biggest loser and Hindustan Unilever (up 1 per cent) the biggest gainer. On the NSE, the Nifty50 index ended at 11,968, down 31 points or 0.26 per cent.  In the broader market, the S&P BSE MidCap index slipped 0.73 per cent to end at 14,759 levels and the S&P BSE SmallCap index lost 57 points or 0.43 per cent to end at 13,357. Sectorally, media stocks rallied the most followed by realty counters. The Nifty Media index added 4 per cent to 1,939 levels. On the other hand, metal stocks cracked the most. The Nifty Metal index ended over 2 per cent lower at 2,470.  Volatility index India VIX slipped over 2 per cent to 14.83 levels.  Buzzing stocks of the day: Shares of Bharat Petroleum Corporation Limited (BPCL) slid nearly 6 per cent to Rs 514 on the BSE on Thursday after the Cabinet approved the strategic disinvestment of the government's entire 53.29 per cent stake in the firm. The stock opened almost a per cent higher to hit its fresh 52-week high level of Rs 549.70 before reversing its direction. Shares of Zee Entertainment Enterprises (ZEEL) surged up to 19 per cent to Rs 364 on the National Stock Exchange (NSE) on Thursday after the promoter Essel Group sold nearly 15 per cent stake in the company for Rs 4,343 crore. The stock ended at Rs 345, up over 12 per cent. Shares of infrastructure developers including IRB Infrastructure Developers,KNR Constructions, and NCC zoomed up to 19 per cent on the BSE on Thursday after the Union Cabinet on Wednesday amended rules regarding the Toll-Operate-Transfer (TOT) model of the highway monetisation programme. Global markets: Global stocks slid further on Thursday as the standoff between the US and China extended beyond trade, reducing the odds of a “phase-one” deal this year and forcing investors to seek shelter in safe-haven assets. The US House of Representatives on Wednesday passed two bills intended to support protesters in Hong Kong and send a warning to China about human rights. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent to a near three-week lows, with Hong Kong's Hang Seng tumbling 1.6 per cent while Japan's Nikkei dropped 0.5 per cent. Chinese mainland shares dropped 0.3 per cent. European shares extended their losses from Wednesday with the pan-European STOXX 600 and the trade-sensitive Germany's DAX 30 both sliding 0.7 per cent to fresh two-week lows. In commodities, oil prices dipped, paring some of their 2 per cent gains made on Wednesday. 

Domestic indices ended Wednesday's lacklustre trade in the green supported by buying in select index heavyweights like HDFC, Maruti Suzuki, and ICICI Bank. The benchmark S&P BSE Sensex settled 95 points, or 0.24 per cent, higher at 39,059 level. 10 of the 30 shares listed on the index ended the day in the red. HCL Tech, up 4 per cent, settled the day as the top gainer, while Bharti Airtel, down 3.5 per cent, closed as the biggest laggard. The index touched an intra-day high and low of 39,196.67 and 38,866.08, respectively. On NSE, the broader Nifty50 index closed at 11,604-mark, up 16 points or 0.14 per cent.  In the broader market, the S&P BSE mid-cap index settled 12 points, or 0.08 per cent, lower at 14,395 level. The S&P BSE small-cap index, on the other hand, closed 33 points, or 0.25 per cent, higher at 13,223 level. Sectorally, Nifty Auto and PSU Bank indices ended the day as top gainers, up between 1.3 to 1.8 per cent. On the downside, Nifty Media index slipped the most, down 1.3 per cent. Meanwhile, S&P Global Ratings said Wednesday that the risks of contagion are rising in the Indian financial sector and any failure of a large shadow lender could lead to a “solvency shock” to banks. India’s shadow lenders get a substantial part of their funding from banks, and the weaker ones have seen a sharp rise in their borrowing costs and a big drop in their equity values, the ratings firm said in a report. That could have knock on effects on India’s banks, especially if they are perceived to have governance issues. BUZZING STOCKS Shares of RBL Bank tanked 20 per cent to Rs 231, its fresh life-time, low on the BSE on Wednesday after the private sector bank posted its worst quarterly show for the July-September quarter (Q2FY20) since listing on August 31, 2016.  The stock, which eventually settled 9.6 per cent lowe,r had reported a net profit at Rs 54 crore, down 74% YoY due to higher provisioning.   Infosys slipped 4 per cent to Rs 615, but recovered later, on the BSE on Wednesday as sentiment continued to remain subdued due to window-dressing allegations by whistleblower groups. SBI Life Insurance Company today entered the coveted Rs 1 trillion market capitalisation (market-cap) club after its share price hit a fresh all-time high on the National Stock Exchange (NSE). The stock of the life insurance company hit a new high of Rs 1,012 on Wednesday in the intra-day deal.

Extending their gaining streak into the sixth straight session, benchmark indices ended with over half a per cent gains on Friday even as global peers tumbled after China's GDP growth slipped to a 27-year low of 6 per cent. Industry heavyweights Reliance Industries (RIL), HDFC Bank, TCS, and Larsen & Toubro (L&T) helped benchmark S&P BSE Sensex settle at 39,298 levels, up 246 points or 0.63 per cent.  YES Bank (up over 8 per cent) emerged as the top gainer on the index while Tata Motors (down 1 per cent) the biggest loser.  In the broader market, both mid and small-caps outperformed the headline indices. The S&P BSE MidCap index added 253 points or 1.78 per cent to close at 14,420 while the S&P BSE SmallCap index ended at 13,127, up 213 points or 1.65 per cent.  On the NSE, the broader Nifty50 index gained 75.50 points or 0.65 per cent to close at 11,662 levels.   On a weekly basis, both Sensex and Nifty ended with 3 per cent gains.  On the sectoral front, barring Nifty IT, all the other indices ended in the green. Relaty stocks advanced the most, followed by metal and PSU bank stocks. The Nifty Realty index climbed nearly 2 per cent to 262.80 levels.  BUZZING STOCKS Reliance Industries (RIL), the oil-to-telecom behemoth, on Friday hit another milestone as the market capitalisation (m-cap) of the company breached the coveted Rs 9 trillion-mark, the first by any Indian company. The stock hit a high of Rs 1,428 during the session. At the time of writing of this report, the m-cap of the company stood at Rs 9,00,507 crore. At close, the stock stood at Rs 1,415 apiece on the BSE, up over 1 per cent. The m-cap of the company was 8,97,179.47 crore.  Shares of Bharat Heavy Electricals (BHEL) surged 27 per cent to Rs 56.45 on the National Stock Exchange (NSE) in the intra-day deals on Friday amid reports the government may look to reduce stake in the company. The stock recorded its sharpest intra-day rally in more than a decade. The stock ended at Rs 54, up 22.22 per cent. Shares of Zee Entertainment Enterprises (ZEEL) slipped 9 per cent to Rs 240 in the intra-day deal on the BSE on Friday after the company reported lower-than-expected consolidated net profit for July-September quarterly (Q2) as it provided for an inter-corporate deposit (ICD) worth Rs 171 crore during the period. At close, the stock was down around 6 per cent at Rs 250.  Shares of Alicon Castalloy surged 13 per cent at Rs 395 apiece on the BSE on Friday after the company signed multi-year contracts aggregating Rs 810 crore with leading global original equipment manufacturers (OEMs) and tier 1 suppliers such as Jaguar Land Rover, Daimler, Samsung SDI & MAHLE. At close, the stock was up 10% at Rs 383.

The headlines -  >> Market stages smart recovery after six days of losses, Sensex rallies 646 pts, Nifty ends at 11,313; >> DHFL hits over 10-year low after CDSL freezes promoters' shareholding;  >> IT stocks slip ahead of TCS's Q2 results due tomorrow; & >> L&T, Whirlpool and Havells India among nine Indian firms that are expected to gain from an escalation in US-China trade tensions as the latter looks to shift manufacturing out of its country, says a recent report by Credit Suisse. And, now the news in detail -  Snapping their six-day losing streak, the benchmark indices staged a smart comeback on Wednesday to end nearly 2 per cent higher, led by heavy buying in banking stocks.  The S&P BSE Sensex added 646 points or 1.72 per cent to end at 38,177.95 levels with IndusInd Bank (up over 5 per cent) being the top gainer and YES Bank (down 5 per cent) the biggest loser. Out of 30 components in the index, 8 stocks ended in the red and rest 22 in the green. The broader Nifty50 index of the National Stock Exchange (NSE) ended at 11,313.30 levels, up 187 points or 1.68 per cent.  Nifty Bank advanced a whopping 1,018.30 points or around 4 per cent to settle at 28,785.85 levels, with 11 out of 12 constituents ending in the green.  India VIX, the volatility guage, dropped over 4 per cent to 17.09 levels.  Among the sectoral indices on the NSE, barring IT, all the indices ended in the green. Nifty Private Bank index gained 3.47 per cent to 16,095 levels. Financial services, realty and metal counters, too, made merry in the trade. In the broader market, the S&P BSE MidCap index rallied 189 points or 1.38 per cent to end at 13,869.35 levels, while the S&P BSE SmallCap index closed at 12,796.47, up 83 points or 0.66 per cent.  In other market statistics, the market breadth remained in favour of the bulls as out of 2,698 companies traded on the BSE, 1,281 advanced and 1,237 declined while 180 scrips remained unchanged. As many as 33 securities on the BSE hit 52-week high while 263 scrips hit their 1-year low. Further, around 148 companies on the BSE hit their upper circuit today while 276 hit their lower circuit limits.  Stocks that made news today -  Shares of Titan Company slipped 6 per cent to Rs 1,178 on the BSE during the session after the Tata Group company said that its revenue from the jewellery business could decline for the first time in the past four years in the September quarter (Q2FY20). The stock eventually settled at Rs 1,229 apiece, down 2.41 per cent. Shares of IndiaMART InterMESH surged around 18 per cent to end at Rs 2,261.55.  Shares of Dewan Housing Finance Corporation (DHFL) hit an over 10-year low and were locked in the lower circuit limit of 10 per cent at Rs 26.05 on the BSE on Wednesday after PTI report suggested that Central Depository Services (CDSL) has frozen the company’s promoter shareholding as the company has not filed results for the first quarter. In the global markets, Asian stocks fell the most in a week on Wednesday as the United States and China’s broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.61 per cent. Chinese shares fell 0.32 per cent after briefly touching a five-week low.

After tumbling around 2 per cent in the intra-day deals, the benchmark indices staged smart recovery in the fag-end of the session but still settled with nearly a per cent losses.  The S&P BSE Sensex ended at 38,305.41, down 362 points or 0.94 per cent.  The index recovered 376 points from day's low. YES Bank (down 23 per cent) emerged as the biggest drag on the index while HDFC Bank (up nearly 2 per cent) was the top performer.  In the broader market, the S&P BSE MidCap index lost 218 points or 1.54 per cent to end at 13,886.42 levels while the S&P BSE SmallCap index ended at 12,959, down 212 points or 1.61 per cent.  On the NSE, the benchmark Nifty50 index ended at 11,359.90, down 115 points or 1 per cent.  Volatility index India VIX rose 5.22 per cent to settle at 16.70 levels.  On the sectoral front, all the indices on the NSE ended in the red. Media counters bled the most, followed by realty, PSU banks and metal stocks. The Nifty Media index ended at 1,722.15 levels, down 77.85 points or 4.32 per cent. The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) was fully subscribed in the morning deals on Tuesday, the second day of the bidding process. Till 04:00 Pm, the issue was subscribed 2.59 times. The total bids received stood at 22.5 million equity shares while the total issue size stands at 20.2 shares. The retail investors' portion was subscribed a total of 3.23 times while NII (Non Institutional Investors) quota saw a subscription of 0.42 times, data available with BSE and NSE showed. Shares of rate sensitive sectors like banking, real estate and automobile companies came under heavy selling pressure on Tuesday, falling by up to 30 per cent on the National Stock Exchange (NSE).  Shares of Bharat Petroleum Corporation (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (Concor) rallied up to 14 per cent on the BSE in the intra-day deals  after group of secretaries cleared disinvestment proposal of these public sector companies. The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported a 24.4 per cent decline in sales at 1,22,640 units in September. The company had sold 1,62,290 units in September last year, MSI said in a statement.

Selling in select blue-chip counters such as HDFC, IndusInd Bank, TCS, L&T, ONGC, and Vedanta and weak global cues dragged the equity market lower on Friday. The S&P BSE Sensex lost 167 points or 0.43 per cent to settle at 38,822.57 while the Nifty50 index of the National Stock Exchange (NSE) closed the day at 11,512.40, down 59 points or 0.51 per cent.  On a weekly basis, however, Sensex gained 2.12 per cent while Nifty added 2.11 per cent. In the broader market, the S&P BSE Mid-cap index ended at 14,266, down 90 points or 0.62 per cent and the S&P BSE Small-cap index lost 109 points or 0.81 per cent to settle at 13,332 levels.  On the sectoral front, metal stocks slipped the most with the Nifty Metal index ending 2.64 per cent lower at 2,453.95 levels. Realty and pharma counters were the other leading losers of the day. Top stocks that made news today - Shares of YES Bank hit a fresh six-year low in the intra-day deals on Friday after YES Capital, one of the promoter entities of the private lender, sold nearly 2 per cent stake in the bank. The stock ended at Rs 49 apiece on the BSE, down over 4 per cent.  Shares of Indiabulls Group were under pressure on Friday, falling by up to 19 per cent on the BSE on report that the Delhi High Court (HC) has issued notices to Indiabulls Housing Finance, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) & the Ministry of Corporate Affairs (MCA). On the other hand, Bajaj Finance hit a new peak in the intra-day deals. Thus far in the calendar year 2019, Bajaj Finance has outperformed the market by surging 54 per cent, as compared to an eight per cent gain in the Sensex. Shares of the company settled at Rs 4,065.35, up 1.61 per cent.  In other news, US-based PIMCO, one of the largest asset managers across the globe expects global gross domestic product (GDP) growth to slow further over the next several quarters and enter a ‘window of weakness’ as ongoing trade tensions and heightened political uncertainty in multiple jurisdictions continue to act as a drag on trade, manufacturing activity and business investment. 

Domestic indices remained volatile on Friday, but rallied in the fag-end of the session, ahead of the June quarter GDP numbers, due later in the day. Further, likely announcement by the Finance Ministry on merger of public sector banks (PSBs) increased buying interest at the counters. That apart, hopes of face-to-face trade talks between the United States and China helped ease market sentiment. The benchmark S&P BSE Sensex settled 264 points, or 0.71 per cent, higher at 37,333 level. HDFC twins, ITC, ICICI Bank, and Hindustan Unilever emerged as the top contributors to the index's gain, which were up in the range of 1-3 per cent. YES Bank, Sun Pharma, IndusInd Bank, and Tata Steel ended the day as top gainers, while Power Grid, ONGC, HCL Tech, and Larsen and Toubro were the top losers. Meanwhile, the broader Nifty50 ended at 11,023-mark, up 75 points or 0.68 per cent. Sectorally, all the indices on the NSE ended in the green. Nifty Pharma index ended the day as top gainer, up 2.4 per cent, followed by Nifty Metal index, up 1.8 per cent.  In the broader market, the S&P BSE MidCap index closed at 13,468 level, up 134 points, or 1.01 per cent. The S&P BSE SmallCap index closed at 12,535 level, up 104 points, or 0.84 per cent.  PUBLIC SECTOR BANK MERGER ON THE CARDS? Union Finance Minister Nirmala Sitharaman is scheduled to address media later in the day, where she is likely to announce mega plan for merging multiple set of public sector banks (PSB).  The department of financial services in the finance ministry called a meeting, on Friday, with chief executives of ten public sector banks which are seen as top contenders for merger. The banks invited for consultations on Friday are: Union Bank of India, Canara Bank, Punjab National Bank, United Bank, Oriental Bank of Commerce, United Bank, Allahabad Bank, Corporation Bank, Syndicate Bank and Andhra Bank.    Shares of PSBs ended mixed on the National Stock Exchange (NSE) on Friday. Oriental Bank of Commerce, Central Bank of India, Syndicate Bank and Allahabad Bank gained up to 6 per cent. On the other hand, State Bank of India (SBI), Union Bank of India, Bank of India, Indian Bank and Bank of Baroda were down between 1 and 2 per cent. 

Indices ended August series of Futures and Options (F&O) above 37,000 level at the S&P BSE Sensex, but below the psychological mark of 11,000 at the Nifty50. Markets remained choppy as fears of an impending global recession and worsening US-China trade relations marred investor sentiment. The benchmark Sensex closed at 37,069 level, down 383 points or 1.02 per cent, dragged by public sector banks. Sun Pharma, Vedanta, NTPC, and ONGC were among the nine stocks that settled in the green, while State Bank of India (SBI), YES Bank, HDFC, and Axis Bank ended the day as top drags. The broader Nifty50, on the other hand, closed at 10,948-mark, down 98 points or 0.89 per cent. Domestic investors also remained cautious ahead of GDP data for the April-June quarter (Q1FY20) due on Friday. According to a Reuters poll, Indian economy is set for weakest quarter of growth in five years. The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months. Sectorally, Nifty PSU Bank index ended 2.5 per cent lower, followed by Nifty Financial Services index (down 1.7 per cent), and Nifty Bank index (down 1.6 per cent). Among the gainers, Nifty Pharma index closed 2.24 per cent higher, followed by Nifty Metal, up 1.4 per cent.  In the broader market, the S&P BSE MidCap index slipped 22 points or 0.17 per cent to settle at 13,333 level. Meanwhile, the S&P BSE SmallCap index closed 78 points, or 0.62 per cent, lower at 12,430. BUZZING STOCKS Shares of Indiabulls Housing Finance cracked  as much as 8 per cent on the National Stock Exchange (NSE) in the intra-day trade after the exchange announced that the company will be excluded from the benchmark index Nifty50, with effect from September 27. The stock eventually closed 0.35 per cent lower at Rs 455 apiece.  On the flip side, Berger Paints hit a new high of Rs 372, up one per cent on the BSE on hopes of strong volume growth in decorative segment. It settled 1.04 per cent higher at Rs 370 per share.

The bulls on Dalal Street made a strong comeback in the last hour of the session on Thursday after reports said the government was looking to roll-back the recently imposed higher tax on the foreign portfolio investors (FPIs).  The S&P BSE Sensex jumped 637 points or 1.74 per cent to settle at 37,327 levels with HCL Tech being the top gainer and Tata Steel the biggest laggard. Out of 30 constituents, 27 ended in the green and just 3 in the red. The broader Nifty50 index of the National Stock Exchange (NSE) reclaimed the crucial level of 11,000 to end at 11,032.45, up 177 points or 1.63 per cent. The Centre is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Union Budget approved by Parliament but heavily criticised, a government official said on Thursday, Reuters reported.    Sectorally, all indices on the NSE settled in the positive territory. Auto stocks rallied the most, followed by IT and PSU bank counters. The Nifty Auto index ended 6,998.45, up 3 per cent.  In the broader market, the S&P BSE Midcap index gained 57 points or 0.42 per cent to settle at 13,566 while the S&P BSE SmallCap index ended at 12,574.25, up 92 points or 0.74 per cent. BUZZING STOCKS Shares of HCL Technologies gained 7 per cent to Rs 1,094 apiece on the BSE after the company posted double-digit revenue growth in the first quarter of the financial year 2019-20 (Q1FY20). In constant currency (CC) terms, the company’s revenue grew 17 per cent year-on-year (YoY) and 7.7 per cent on sequential basis. Shares of Affle India made a strong debut on the bourses and were listed at Rs 930 on the BSE, a premium of 25 per cent against the issue price of Rs 745. On the National Stock Exchange (NSE), the stock opened at Rs 926, a 24 per cent increase against the issue price. The stock, however, pared its early gains to settle at Rs 875 apiece on the BSE. 

Fresh trade war concerns between the United States and China weighed down investors' sentiment on Friday leading to a sluggish trade through the day. The benchmark S&P BSE Sensex and the broader Nifty50 plummted 411 points and 131 points respectively during the intra-day trade before staging a smart recovery during the last trading hour. Indices inched higher on reports that the PMO took stock of the steep sell-off being witnessed in the market since the presentation of the Union Budget 2019-20. Reports suggested that PMO met officials from the Finance Ministry on Thursday to discuss concerns raised by the FPIs and even considered proposals submitted by them. The Sensex closed at 37,118 level, up 100 points, or 0.27 per cent with Bharti Airtel, Asian Paints, Bajaj Auto, and Maruti being the top gainers. On the other hand, Tata Steel, SBI, Vedanta, and ONGC ended the day with steep losses. The broader Nifty50 failed to hold the psychological 11,000-mark to end at 10,997, up 17 points, or 0.16 per cent.  In the broader markets, S&P BSE Mid-cap closed at 13,547 level, up 20 points, or 0.15 per cent while the S&P BSE Small-cap settled 55 points, or 0.44 per cent, lower at 12,496 level. Sectorally, metals slipped the most as risks to global economy increased after US President Donald Trump imposed fresh tariffs Chinese imports. The index dipped 2.16 per cent at close, followed by Nifty PSU Bank, down 1.12 per cent. Among the gainers, Nifty Auto index ended 1.26 per cent higher, followed by Nifty IT index, which gained 0.57 per cent on the back of weaker rupee.  State Bank of India (SBI), on Friday, was back in the black and reported a net profit of Rs 2,312 crore for the June quarter of 2019-20 (Q1FY20) on the back of healthy growth in advances and stable asset quality. The bank had reported a net loss of Rs 4,875.9 crore in the corresponding quarter of the previous fiscal (Q1FY19) and a PAT of Rs 838.4 in the March 2019 quarter (Q4FY19). Shares of Bharti Airtel climbed 5 per cent to Rs 339 apiece in Friday's early morning trade on the National Stock Exchange (NSE) in an otherwise weak market after the telecom operator reported an improved margin and industry-best average revenue per user (ARPU) for the June quarter (Q1FY20).

Thursday's carnage on D-Street dragged indices to fresh five-month lows with the S&P BSE Sensex slipping below the 37,000 mark. On the other hand, the broader Nifty50, too, breached 11,000 mark in the intra-day trade. The Sensex plunged 787 points intra-day to hit a low of 36,694, while the Nifty50 shed 204 points to touch 10,881 mark. Mixed corporate earnings, weak domestic and global cues, and continuous selling by foreign portfolio investors (FPIs) were among the key reasons for the fall. The Sensex ended 463 points, or 1.23 per cent, lower at 37,018 level after recovery in stocks like Maruti Suzuki, Reliance Industries, HDFC twins, and Hindustan Unilever helped the index to pare losses partially. Vedanta, State Bank of India, Tata Motors, and Bharti Airtel were the top laggards at close, while Maruti Suzuki, Reliance Industries, Power Grid, and Bajaj Auto ended the day as top gainer. The Nifty50, too, ended the day with losses of 138 points, or 1.24 per cent, at 10,980 mark. In the broader market, the S&P BSE Mid-cap slipped 117 points, or 0.86 per cent, to end at 13,526 level while the S&P BSE Small-cap settled at 12,552 level, down 140 points, or 1.1 per cent. Sectorally, all the indices ended in the red, barring the Nifty Auto index. Nifty Metal index slipped the most, ending the day with a cut of over 3 per cent, followed by Nifty PSU Bank index, down 2.66 per cent. NIfty Auto index ended the day flat. Wipro shares climbed 4 per cent to Rs 276 in early morning trade on the BSE on Thursday in an otherwise weak market after the company said it'll begin its Rs 10,500-crore share buyback programme on August 14 and close on August 28. Shares of Delta Corp hit an over two-year low of Rs 141 per share, down 8 per cent intra-day on the National Stock Exchange (NSE) on Thursday, after foreign portfolio investors (FPIs) offloaded about 1 percentage point stake in the company through open market.   The stock was trading at its lowest level since May 23, 2017, when it hit a low of Rs 139 apiece on the NSE in intra-day deals.

Extending their losing streak to the third session in a row, the domestic stock market ended lower on Monday with the frontline indices tumbling nearly a per cent amid selling in bluechip counters such as HDFC duos, Bajaj Finance, Hindustan Unilever (HUL) and ITC. The S&P BSE Sensex lost 306 points or 0.80 per cent to settle at 38,031 with HDFC (down 5 per cent) being the biggest loser and YES Bank (up nearly 9.50 per cent) the top gainer. The broader Nifty50 index of the National Stock Exchange (NSE) slipped 82 points or 0.72 per cent to settle at 11,337 levels.  In the broader market, the S&P BSE MidCap index slipped 84 points, or 0.60 per cent, to 13,994.18, while the S&P BSE SmallCap index ended at 13,157 levels, down 154 points or 1.15 per cent. The S&P BSE Smallcap index hit its lowest level since February 2017 during the trade. READ MORE Analysts attributed an investor-unfriendly Budget, coupled with muted June quarter earnings among the major factors behind nervousness in the market. Moreover, weak global cues also added to the investors' woes.  Volatility index India VIX surged 4.49 per cent to 13.07, signalling increased volatility in the market.  Sectorally, financial services stocks tumbled the most, followed by banks, FMCG and realty stocks. The Nifty Financial Services index shed 341 points or 2.57 per cent to settle at 12,893.75 levels. HDFC, Bajaj Finserv and Edelweiss Financial Services plunged up to 6 per cent. BUZZING STOCKS Shares of Cox & Kings were frozen at 5 per cent lower circuit for the 19th straight day on the BSE to hit a new low of Rs 16.30 on Monday after Brickwork Ratings downgraded the rating to BWR D for non convertible debentures (NCDs) issue amounting to Rs 50 crore of the company.  Shares of RBL Bank continued to reel under pressure, down 5 per cent, to Rs 470 in intra-day trade on Monday. The stock has fallen 19 per cent in the past two trading days after the bank, on Friday, said it expects some challenges on some of their exposures in the near term. Shares of the bank ended at Rs 478.05 apiece, down 4.46 per cent on BSE.  YES Bank, on the other hand, gained 9.50 per cent to settle at Rs 91.15 apiece on the BSE

Domestic indices ended higher on Tuesday lifted by broad-based gains led by sectors like financial, realty and FMCG sectors. The upside, however, was capped by losses in the information techology (IT) sector. The benchmark S&P BSE Sensex settled 234 points, or 0.60 per cent, higher at 39,131 level with YES Bank, Tata Motors, Sun Pharma and NTPC being the top gainers. Among losers, TCS, Mahindra and Mahindra and HCL Technologies lost the most. The broader Nifty50, too, ended with gains of 73 points, or 0.63 per cent, at 11,661 level.  The indices touched intra-day highs of 39,174 level at the Sensex and 11,670 level at the Nifty50. In the broader market, S&P BSE MidCap ended 99 points, or 0.69 per cent, higher at 14,565 level while S&P BSE SmallCap added 37 points, or 0.27 per cent to close at 13,726 level.  Sectorally, all the sectors ended in the green except IT and media. The Nifty realty index ended the day nearly 2 per cent higher, followed by Nifty PSU Bank index (up 1.37 per cent), Nifty FMCG index (up 1 per cent) and Nifty Metal index (up 0.69 per cent). Nifty IT index ended the day with a loss of 0.59 per cent. BUZZING STOCKS Shares of Dewan Housing Finance Corporation (DHFL) dipped 8 per cent in Tuesday's trade to hit an intra-day low of Rs 44.5 on the National Stock Exchange (NSE), after reports suggested that the company's auditors have sought more financial information from the management. However, the counter revovered and was trading 2.7 per cent higher at Rs 49.8 levels at 10:15am. The stock had tanked 29 per cent on Monday to 10-year low. Shares of Ashok Leyland dipped up to 4 per cent to trade at Rs 82.10 per share in the early morning deals on Tuesday after the company announced closure of its Pantnagar plant due to weak demand and outlook for the industry. In a regulatory filing, the heavy vehicle manufacturer said that the plant will remain closed between July 16 and July 24.

Positive global sentiment lifted pharma and information technology stocks on Monday. Consequently, markets ended in the positive territory. Encouraging Chinese GDP data for April-June quarter boosted investors' sentiment as it suggested the world’s second-biggest economy may be starting to stabilise. The S&P BSE Sensex settled 160 points, or 0.41 per cent, higher at 38,897 levels with Infosys, Sun Pharma, Tech Mahindra and Maruti being the top gainers. On the contrary, IndusInd Bank, L&T, ITC and Bharti Airtel were the top laggards. The broader Nifty50 too settled with gains of 36 points, or 0.31 per cent, at 11,588 levels.  In the broader market, the S&P BSE MidCap settled 88 points, or 0.61 per cent, lower at 14,466 levels while the S&P BSE SmallCap closed 87 points, or 0.63 per cent, lower at 13,689  levels. Sectorally, Nifty IT was the biggest gainer, closing nearly 3 per cent higher while Nifty Pharma index closed 1 per cent up. Among the laggards, Nifty PSU banks took the biggest knock, down 2.5 per cent followed by losses in the FMCG index (down 0.59 per cent). Infosys reacted to the Q1FY20 results announced post market hours on Friday, with the stock rising over 7 per cent to close at Rs 779 levels on the National Stock Exchange (NSE). An uptick in demand for its digital services, apart from a momentum in the large deal space, prompted company to raise its FY20 revenue guidance to 8.5-10 per cent from 7.5-9.5 per cent as guided earlier.  BUZZING STOCKS Shares of Allahabad Bank tanked 15 per cent to Rs 40 on the BSE on Monday's early morning trade after the state-owned lender on Saturday reported fraud of Rs 1,775 crore by Bhushan Power and Steel to the Reserve Bank of India (RBI).  Shares of Dewan Housing Finance Corporation (DHFL) were locked in the lower circuit of 10 per cent at Rs 62 on the BSE on Monday after the company reported a standalone net loss of Rs 2,223 crore for the quarter ending March 2019 (Q4F19), owing to higher provisioning. The non-banking finance company had posted net profit of Rs 134 crore in the same quarter last fiscal.

Domestic indices plummted on Friday as Modi government's Union Budget for 2019-20 failed to cheers investors. Even though the markets opened higher with the benchmark S&P BSE Sensex zooming past the 40,000 mark to hit 40,032, the index fell over 500 points from the highs.  The S&P BSE Sensex closed 395 points, or 0.99 per cent, lower at 39,513 levels with the YES Bank, NTPC and Mahindra & Mahindra being the top laggards. The broader Nifty50 index tanked 136 points, or 1.14 levels, to end at 11,811 levels. In the broader market, S&P BSE Mid-Cap ended 208 points, or 1.39 per cent, lower at 14,726 levels while the S&P BSE Small-Cap dipped 195 points, or 1.36 levels, to settle at 14,142 levels. Sectorally, all the indices ended in the red except Nifty PSU bank and Nifty Bank index that gained after the finance minister announced that the government will pump in Rs 70,000 crore into public sector banks (PSBs) to strengthen them and enhance their lending capacity. Metals, realty and auto counters were the biggest losers after the Budget proposed import duty hike for auto-parts, metals and other equipment used for manufacturing capital goods. Each index slipped over 3 per cent. PSU Bank index closed 0.18 per cent higher after gaining nearly 4 per cent intra-day on government's proposal to recapitalize banks. Shares of GM Breweries hit a 52-week low of Rs 455, down 8 per cent, in Friday's early morning trade on the National Stock Exchange (NSE), after the company reported a 27 per cent decline in net profit at Rs 16 crore in the first quarter of fiscal 2019-20 (FY20), due to higher raw material cost. The company engaged in breweries & distilleries had posted a profit of Rs 22 crore in June 2018 quarter

Domestic indices ended Thursday's trading session in the green ahead of the Union Budget presentation on Friday, July 5. The S&P BSE Sensex ended 69 points, or 0.17 per cent, higher at 39,908 levels with Bharti Airtel, Tata Motors and IndusInd Bank being the top gainers. The broader Nifty50 too settled at 11,947 levels, up 30 points, or 0.25 per cent. In the broader market, S&P BSE Mid-Cap ended 0.19 per cent lower at 14,918 levels while the S&P BSE Small-Cap gained 0.12 per cent, to settle at 14,329 levels. Sectorally, public sector banks' scrips gained the most with the index scaling 2 per cent intra-day. It ended 1.31 per cent higher. This was followed by gains in realty counters. The biggest losers at the bourses were metal and pharma scrips with their index sliding 1.11 per cent and 0.64 per cent respectively. BUZZING STOCKS Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis.  Shares of IndiaMART InterMESH (IML) made a strong debut on the bourses, by listing at Rs 1,180, 21 per cent higher against its issue price of Rs 973 apiece on the National Stock Exchange (NSE) and BSE.

Benchmark indices ended Wednesday's volatile session little changed, as the last hour buying offset the sudden fall in benchmark indices. The benchmark S&P BSE Sensex closed at 39,113, up 66 points, or 0.17 per cent, with Tata Steel, Kotak Bank, NTPC, HDFC, and Powergrid pocketing the highest gains. Nifty ended absolutely flat at 11,691. Nifty sectoral indices traded mixed. Nifty Realty gained the most 1.1 per cent, while Nifty Pharma and Nifty Auto, down 1.6 and 1.1 per cent. The broader market underperformed the benchmarks, with the S&P BSE MidCap index settling 100 points, or 0.7 per cent, lower at 14,443, while the S&P BSE SmallCap index tumbled 194 points, or 1.37 per cent, to 13,919. BUZZING STOCKS Shares of Jet Airways (India) hit a fresh all-time low of Rs 28.60, down 29 per cent, in early morning trade on the National Stock Exchange (NSE) on Wednesday ahead of National Company Law Tribunal (NCLT) hearing later in the day on insolvency plea filed by the lenders. The stock ended the day 18 per cent lower at Rs 33.10.    Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency India Ratings and Research (Ind-Ra) downgraded the company’s long-term issuer rating to ‘IND BBB’ from IND A-“ with negative outlook. By the end of the session, the stock had slid to 28.1 per cent lower at Rs 19.70.

Benchmark indices slipped on Monday, dented by losses across sectors, after India slapped higher tariffs on certain US products in retaliation to Washington’s decision to remove certain trade privileges for New Delhi. The government, after dragging its feet for almost a year, decided to increase tariffs on 29 high-value US agricultural and industrial imports by up to 50 per cent.    The investor sentiment was further dampened by patchy monsoon and the government’s ability to bolster a slowing economy. The benchmark S&P BSE Sensex ended the day 491 points, or 1.25 per cent, lower at 38,961, with Tata Steel, Tata Motors, ONGC, Vedanta, and Sun Pharma topping the list of losers. Only YES Bank, Coal India, and Infosys out of the 30 BSE constituents ended the session in the green. The broader Nifty50 index dipped 151 points, or 1.28 per cent, to 11,672. All the Nifty sectoral indices closed Monday's session with losses, with Nifty Metal, down 2.87 per cent, and Nifty Auto, down 1.69 per cent, taking the deepest cuts. Moreover, Nifty Bank, Nifty Fin Service, Nifty Pharma, Nifty PSU Bank, and Nifty Private Bank, all dipped over 1 per cent. In the broader market, the S&P BSE MidCap index settled at 14,531, down 190 points, or 1.29 per cent, while the S&P BSE Smallcap index skidded 193 points, or 1.35 per cent, to 14,173. Buzzing stocks Shares of Reliance Infrastructure (RInfra) hit an over 28-year low of Rs 52.70, down 10 per cent on the BSE on Monday in the early morning trade after the auditors raised questions about the company’s ability to continue in business. The stock ended the day 4.72 per cent lower at Rs 56.50.    Shriram Transport Finance Company shares dipped 6.54 per cent to Rs 1,014 on the National Stock Exchange (NSE) on Monday after Piramal Enterprises sold its entire 9.96 per cent stake in the company through open market. 

Jet Airways and Yes Bank, both once market darlings are now being shunned by market participants. The National Stock Exchange (NSE) exchange notified that the shares of the airline will be shifted from rolling segment to trade for trade segment, wherein the settlement in the scrip will take place on gross basis with 100% upfront margin and 5% price band. Trading in the futures and options (F&O) segment of the exchanges will also be stopped. Meanwhile Yes Bank was among the top losers in the market this week. Uncertainty related to the bank’s provisions and extent of non-performing assets, along with a slew of ratings downgrades have put the bank under pressure. Now what’s next for these beaten down market darlings? Tune in to find out...

Markets ended flat on Thursday weighed down by banking and auto stocks. Weak global cues and rising retail inflation too contributed to a lackluster trade. The S&P BSE Sensex closed 15 points or 0.04 per cent lower at 39,741 levels dragged by select blue-chip counters like IndusInd Bank, Reliance Industries, YES Bank and Infosys. While PowerGrid and M&M were the top gainers, YES Bank and IndusInd slipped the most. The broader Nifty50 settled just above the psychological level of 11,900 at 11,914 mark, up 8 points or 0.07 per cent. Among sectoral indices, while public sector banks, metals and IT stocks slid, realty and financial services stocks soared. The S&P BSE Sensex touched an intra-day low of 39,461 levels while the Nifty50 drifted to 11,817 levels during the day before staging a limited recovery.  The broader market, S&P BSE Mid Cap settled 49 points lower at 14,873 levels while S&P BSE Small Cap lost 72 points to close at 14,476 levels, taking deeper cuts than benchmark indices. Buzzing stocks Shares of Jet Airways (India) slipped 15 per cent to Rs 93 apiece during the morning deals on Thursday to hit a fresh lifetime low on the BSE and National Stock Exchange (NSE). The fall comes on the back of the exchanges' decision to switch deals on the stock to ‘trade-to-trade’ segment with effect from June 28, 2019 till further notice. Shares of Indiabulls Group companies soared up to 16 per cent from their respective intra-day lows on the BSE on Thursday after Abhay Yadav, the petitioner who had filed a public interest litigation (PIL) against the housing finance major for siphoning off funds worth Rs 98,000 crore, withdrew the writ petition in the Supreme Court.

Benchmark indices ended Monday's session at record closing high, surging almost 4 per cent, a day after exit polls predicted the return of the Narendra Modi-led National Democratic Alliance (NDA) to power. In the process, the S&P BSE Sensex reclaimed the 39,000-mark, while the Nifty Bank posted its biggest one-day gain. The S&P BSE Sensex ended the day 3.75 per cent, or 1,422 points, higher at 39,352 levels, with State Bank of India, YES Bank, IndusInd Bank, Larsen & Toubro, and YES Bank leading the list of gainers. Infosys and Bajaj Auto, however, settled in the red. The market breadth remained in favour of buyers as 2,018 stocks advanced and 611 declined, The broader Nifty50 gained 421 points, or 3.7 per cent, to settle at 11,828. BIGGEST GAIN POST EXIT POLLS SINCE 1999 Monday's gain is also the biggest gain for the benchmark indices after exit poll results since the 1999 Lok Sabha elections. On the previous exit poll day -- May 13, 2014 -- the S&P BSE Sensex and Nifty50 were up 2.4 per cent each.  Polling for the seventh and final phase of Lok Sabha (LS) elections 2019 ended on Sunday evening, with most exit polls predicting the Bharatiya Janata Party’s (BJP’s) phir ek baar Modi sarkar, or ‘once more Modi government’ slogan likely to get vindicated on the counting day on Thursday (May 23).    All the Nifty sectoral indices remained in the green, with the Nifty PSU Bank index gaining the highest 7.9 per cent while the rest were up 0.6 to 5.7 per cent. In the broader market, the S&P BSE MidCap index gained 493 points, or 3.57 per cent, to end at 14,819, while the S&P BSE SmallCap index was up 3.6 per cent, or 493 points, higher at 14,381. BUZZING STOCKS Shares of Adani Group companies surged up to 17 per cent intra-day on the BSE on Monday supported by heavy buy volumes after exit polls predicted the Bharatiya Janta Party (BJP)-led National Democratic Alliance (NDA) to form government on May 23. Shares of public sector banks were on a roll with Nifty PSU Bank index surging 7 per cent intra-day on the National Stock Exchange (NSE) amid expectations that the ruling National Democratic Alliance (NDA) may retain power at the Centre. Indian Bank, Bank of Baroda, Bank of India (BOI), Canara Bank, Allahabad Bank and Syndicate Bank were up more than 7 per cent each on the NSE.

Investors went on a buying spree in the last hour thus pulling benchmark indices, which remained range-bound for most part of the day, into the green with over 200 points and 100 points gain for Sensex and Nifty, respectively. The benchmark S&P BSE Sensex rose 279 points to close at 37,393, with Bajaj Finance, Tata Motors, Infosys, Vedanta, and ONGC raking in the highest gains. Out of the 30 BSE constituents, 21 ended in the green. The broader Nfity50 index added 100 points to reclaim psychological 11,250 level and end the day at 11,257. Market breadth, however, remained in favour of sellers. About 898 stocks declined and 841 advanced on the NSE. Among sectoral indices, only one index ended the day in red, with Nifty Media, Nifty Metal, and Nifty Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per cent, respectively. In the broader market, the S&P BSE MidCap index rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817. BUZZING STOCKS Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today.  Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter.  Tata Chemicals (TCL) shares surged 8.38 per cent higher at Rs 603.45 on the National Stock Exchange (NSE) on Thursday after the company announced demerger of its consumer products business into other group firm Tata Global Beverages (TGBL).

Benchmark indices ended lower for the sixth consecutive session on Wednesday amid across-the-board selling and weak global cues. The S&P BSE Sensex lost 488 points or 1.27 per cent to settle at 37,790 with Reliance Industries (RIL) being the top loser and Asian Paints the biggest gainer. RIL alone contributed around 153 points to the Sensex's fall.  The broader Nifty50 index of the National Stock Exchange (NSE) slipped below the crucial 11,400 level to end at 11,359, down 138 points or 1.2 per cent. Out of 50 constituents, 40 ended in the red and just 10 in the green.  SECTOR WATCH All the sectoral indices on NSE ended in the red. Media stocks took the hardest knock, followed by realty and PSU bank stocks. The Nifty Media index settled at 2,134, down 101 points or 4.53 per cent. STOCKS THAT MADE NEWS Reliance Industries: Shares of Reliance Industries (RIL) hit an eight-week low on the BSE on Wednesday. The stock has lost 7 per cent in the past three trading days. It ended at Rs 1,299.45 apiece on BSE, down over 3 per cent. READ MORE Essel Group shares: Shares of Subhash Chandra-led Essel Group companies were under pressure on Wednesday with Zee Entertainment Enterprises (ZEEL) and Dish TV India falling more than 8 per cent each on the BSE. The fall comes despite the group's assurance that the stake sale process of Zee Entertainment Enterprises was at an "advanced stage." At close, ZEEL stood at Rs 333, down 10 per cent while Dish TV India settled nearly 2 per cent lower at Rs 31.  Vodafone Idea: Vodafone Idea shares hit a new low of Rs 13.65, down 12 per cent on Wednesday, declining 17 per cent in past two trading days on the BSE, on back of two-fold jump in trading volumes. The stock ended at Rs 14.35, down over 7 per cent.  BROADER MARKET  In line with benchmarks, the S&P BSE MidCap index shed 139.50 points or 1 per cent to end at 14,383 while the S&P BSE SmallCap closed the day at 14,129 levels, down 172 points or 1.21 per cent.

Benchmark indices ended marginally lower on a volatile day with India Vix rising 5.19 per cent to 22.96 on Thursday in which IT and Pharma stocks dragged the indices down. The Sensex ended the day 50 points, or 0.13 per cent, lower at 38,981 levels, with TATA Motors, ICICI Bank, IndusInd Bank, Infosys and HCL Tech among the biggest losers. Nifty50 failed to hold the 11,750 level and closed at 11,725 levels, down 23 points, or 0.20 per cent. Among sectoral indices, Nifty IT index was the biggest loser, down 1.8 per cent, led by a fall in Infosys, TCS and HCL Technologies. The Nifty Media index also dipped over 1 per cent. The broader market fared worse with the S&P BSE MidCap index tumbling 91 points, or 0.61 per cent, to 14,798, while the S&P BSE SmallCap index ended the dat at 14,593, down 31 points, or 0.21 per cent. Escorts shares slipped 7.5 per cent to Rs 684 after the farm equity major reported a 15 per cent decline in tractor sales to 5,264 units in April 2019. The company had sold 6,186 tractors in the same month last year. READ MORE Jet Airways (India) shares skid 20 per cent to hit its 52-week low of Rs 123 on the BSE in early morning trade, on report that bidders have not shown interest in following up their offers for the debt-laden airline with a few days left to submit their final bids. The stock is trading close to its all-time low level of Rs 115 touched on March 12, 2009 in intra-day trade. READ MORE Ashok Leyland shares rose 4 per cent to Rs 90.40 on the National Stock Exchange (NSE), after the company reported 10 per cent rise in the domestic vehicles sales at 13,141 units in April 2019. The commercial vehicles company had sold 11,951 vehicles in domestic market during the same month last year.

The benchmark indices closed Tuesday's session marginally lower. Both Sensex and Nifty spent the majority of their day in the negative zone, with the former sliding almost 300 points at one point, dragged down by financials. However, buying in metal stocks and OMCs lifted the indices in the last hour of trade but couldn't pull the indices out of the red zone. The S&P BSE Sensex ended the day at 39,032, down 36 points, or 0.09 per cent, with YES Bank, IndusInd Bank, Hero MotoCorp, Maruti Suzuki India, and Powergrid being among the top losers. The broader Nifty50 also slid 6.5 points, or 0.06 per cent, to 11,748. About 1,326 stocks fell and 468 shares declined on the NSE. Among sectoral indices, the biggest loser was the Nifty PSU Bank index, down 3.34 per cent, while Nifty Realty also fell 2.3 per cent. The broader markets undperformed the benchmark indices, with the S&P BSE MidCap index slipping 175 points, or 1.16 per cent, to 14,889, while the S&P BSE SmallCap index was ruling at 14,625, down 189 points, or 1.27 per cent. BUZZING STOCKS YES Bank shares tanked 29.2 per cent to Rs 168 on the National Stock Exchange (NSE) after the bank reported a whopping Rs 1,506 crore net loss for the March quarter (Q4FY19) as provisions soared over nine times. The private sector bank posted its first-ever quarterly loss during the quarter. It had posted a profit of Rs 1,179 crore in the year-ago period.  Eveready Industries shares plunged 20 per cent to Rs 116.85 after rating agency India Ratings and Research (Ind-Ra) downgraded the company's long-term credit rating with negative outlook.

Benchmark indices ended Thursday's session in the red, led by losses in financials and metal stocks, after witnessing a sharp last hour sell-off on March series futures & options contracts while brent oil hit $75 per barrel for the first time in 2019. Brent oil rose above $75 per barrel as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. The BSE Sensex ended the day 324 points, or 0.83 per cent lower, with Tata Steel, Vedanta, Maruti Suzuki, State Bank of India and Coal India being the top losers. Nifty50, too, pared gains to finish at 11,642, down 84 points, or 0.72 per cent. The market breadth remained in favour of sellers with 963 stocks declining and 777 shares advancing on the NSE.    Among sectoral indices, only Nifty Realty index ended in the green, with Nifty Metal index ending 1.86 per cent lower. The Nifty PSU Bank index also declined 1.56 per cent. In broader market, the S&P BSE Midcap index fell 88 points, or 0.58 per cent, to 15,130, and the S&P BSE Smallcap index dropped 8 points, or 0.05 per cent, to 14,839. UltraTech Cement shares hit 52-week high of Rs 4,510, up 3 per cent, in early morning trade on Thursday, and have surged 7 per cent in the past two trading days on the BSE, after the company reported strong performance in the March quarter (Q4FY19). Six companies - Reliance Industries (RIL), HCL Technologies, Titan Company, Bajaj Finserv, UltraTech Cement, and UPL - from the Nifty50 index hit their respective fresh record highs on the National Stock Exchange (NSE) on Thursday.    Shares of sugar companies rallied up to 12 per cent on the BSE in early morning deal on the back of heavy volumes on hopes that sweetener output may fall in 2019-20 due to low rains.

A last hour surge led by gains in financials and IT stocks helped the benchmark indices snap their 3-day losing streak and close Wednesday's session at day's high. The BSE Sensex ended the day at 39,055, up 490 points, or 1.27 per cent, with the highest gains in HCL Tech, ONGC, IndusInd Bank, YES Bank and Bharti Airtel. Out of 30 components, 23 scrips ended in the green and rest seven in the red. Broader index Nifty50 surged 150 points to close at 11,726. About 1,232 shares advanced while 1,237 shares declined, and 157 shares remained unchanged.  Market breadth was in favour of advances with advance-decline ratio at 1:1 In the broader market, the S&P BSE Midcap index ended with a gain of 65 points, or 0.43 per cent, at 15,218 while the S&P BSE Smallcap index ended at 14,847, up 61 points or 0.42 per cent. Among sectoral indices, only the Nifty Auto index ended in red, with the Nifty PSU Bank index being the biggest gainer, up 1.5 per cent. ACC shares ended the day at Rs 1,600.70, a decline of 3.67 per cent on the National Stock Exchange (NSE) after the company reported a lower-than-expected operating performance in the quarter ended March, 2019 or Q1CY19.  Shares of Oil and Natural Gas Corporation (ONGC) hit a 6-month high of Rs 170, up 4 per cent, in intra-day trade on Wednesday, and ended the day at Rs 168.35, a gain of 2.81 per cent, on the expectations of strong earnings in the January-March quarter (Q4FY19).  Indiabulls Real Estate surged 10 per cent to close the day at Rs 115.70 on the NSE on the back of heavy volumes after the company said it has decided to divest Century, the parent company that houses Hanover Square property, London. The company has decided to focus only on Mumbai & National Capital Region (NCR) markets. 

On the podcast, Wei-Shen Wong, Waters’ Asia editor, joins to discuss the dispute unfolding between the Singapore Exchange (SGX) and India’s National Stock Exchange (NSE) over index licensing. Before that, though, Anthony and James look at how the European Securities and Markets Authority (Esma) has come down on reporting platforms, saying that the data they make available to the public is often not exactly in line with what the regulator wanted when it rewrote Europe’s trading rulebook. Esma v Reporting Platforms 2:00 What is the problem that Esma is looking to address? 3:15 What is Esma asking reporting platforms to do? 4:30 What are the main concerns for the reporting platforms? 6:00 What are politicians and market participants saying? https://www.waterstechnology.com/regulation-compliance/3672661/apas-under-pressure-as-esma-cracks-down-on-data-tangle NSE v SGX 10:30 Wei-Shen joins and begins by laying out the groundwork for how we got to this point, which started with the Securities and Exchange Board of India (Sebi) asking the three main exchanges in India to terminate their existing market data licensing agreements with foreign partners. https://www.waterstechnology.com/regulation-compliance/3672661/apas-under-pressure-as-esma-cracks-down-on-data-tangle 16:00 The resolution to this fight might have roots in a case that was settled a few years ago in the United States. https://www.waterstechnology.com/exchanges-trading-venues/3610416/singapore-exchange-hits-back-at-indias-data-pull 17:30 What happens next? 18:00 Sebi’s decision is viewed by some as a political move and by others as a last resort. Either way, there are concerns all around that its decision will not achieve the desired results. 20:00 What are the greatest concerns going forward? 22:30 MSCI is also not pleased about Sebi’s decision. Misc 24:00 Wei-Shen and Tony discuss their summer plans.