Government’s hint at reconvening Parliament in a bid to pass the GST Bill boosted market sentiments.
Analysts say India could fare better than other emerging markets given optimism about the domestic economy and subdued inflation.
The 30-share index tumbled 476.38 points, or 1.72 per cent, to 27,131.44 in early trade. The gauge had lost 323.82 points in the previous session.
Indicating that India is likely to allow a gradual slide of the rupee against the dollar, the rupee on Thursday plummeted by 32 paise to close at 65.10 against the dollar— its weakest level last seen in September 2013 – as China further devalued yuan. However, the benchmark BSE Sensex marginally rose by 37 points […]
With rupee being one of the strongest currencies over the last few months, India has seen a decline in its exports, which fell for the seventh straight month in June, contracting 15.82 per cent year-on-year.
BSE Sensex rose over 86 points to 28,201.48 in early trade today following sustained buying by funds and investors after major car makers posted healthy sales growth in July even as other Asian markets turned weak in their opening trade.
The benchmark BSE Sensex ended 551 points and the NSE Nifty closed at 8361 on Monday amid concerns over stricter norms for participatory notes and slump in Chinese stock market.
Infosys posted 30.30 billion rupees ($475.85 million) in profit in the June quarter, up from 28.86 billion rupees a year ago.
The BSE index fell 0.13 percent and the NSE index dropped 0.16 percent.
Sensex regains crucial 28K-mark in afternoon trade.
BSE Sensex lost its early surge trading lower by 8.74 points while the broader Nifty failed to hold on to 8,400-mark amid selling and caution ahead of key CPI numbers due today.
BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade on Monday.
On Thursday, the rupee too slipped by 13 paise to close at 63.97 against the US dollar on fresh demand for the greenback from banks and importers.
“Deferral of China’s shares into MSCI index, strong global cues and stronger rupee lifted the sentiment,” said Gaurav Jain, Director at Hem Securities.
BSE Sensex today plunged by 245 points to 26,523.09 — its lowest in nearly eight months — on heavy selling in FMCG stocks amid prevailing drought fears and RBI’s cautions stance on economic recovery.