MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent. Hong Kong's Hang Seng Index surged nearly 2 per cent.
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Stock Market Highlights: Equity indices slipped to close the first session in May series in red. BSE Sensex inched 609.28 points, or 0.82 per cent lower at 73,730.16 mark while Nifty slipped 150.40 points, or 0.67 per cent lower at 22,419.95.
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Indian benchmark indices Sensex and Nifty opened in green territory in the first session of May series. BSE Sensex opened 168.87, or 0.87 per cent higher at 74,509.30 while NSE Nifty inched 50.10, or 0.22 per cent higher at 22,620.40. However, the indices were quick enough to erode all gains.
International crude oil prices rose on track after a top US official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 31 cents, or 0.4 per cent, to $89.32 a barrel and US West Texas Intermediate crude futures rose by 23 cents, or 0.3 per cent, to $83.80 a barrel. For the week, Brent has gained 2.3 per cent so far, while WTI is up 0.8 per cent.
Indian government bond yields rose as US yields spiked to new highs amid a further pushback in rate cut expectations. The benchmark 10-year Indian yield was at 7.2203 per cent as of 10:00 a.m.
Asian markets slipped led by Japan’s Nikkei, which witnessed 34-year low on today’s session. Nikkei is trading 283.64 points, or 0.75 per cent higher at 37,918.03.
Meanwhile, the US expected weaker than expected GDP data on Thursday. After the release, Treasury Secretary Janet Yellen said US GDP growth for the first quarter could be revised higher. As per Yellen, US economic growth was likely stronger than suggested by weaker-than-expected quarterly data. Read less
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent. Hong Kong's Hang Seng Index surged nearly 2 per cent.
Stock Market Live Updates: Sensex, Nifty close lower on first day of May series
Share Market Live Updates: BSE Sensex inched 609.28 points, or 0.82 per cent lower at 73,730.16 mark while Nifty slipped 150.40 points, or 0.67 per cent lower at 22,419.95.
Stock Market Live Updates: Midcap index continues to trade higher
Share Market Live Updates: The broader market continued to show resilience even as frontline indices extended losses.
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Nifty Midcap index is trading 389 points, 0.78 per cent higher at 50,616.10.
Stock Market Live Updates: Oil prices on track to end higher this week
Share Market Live Updates: Oil prices advanced, making it on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East.
Brent crude futures gained 47 cents, or 0.5%, to $89.48 a barrel at 0640 GMT, and U.S. West Texas Intermediate crude futures rose by 44 cents, or 0.5%, to $84.01 a barrel.
For the week, Brent has gained 2.4% so far, while WTI is up 0.9%.
-From Reuters
Stock Market Live Updates: Deloitte projects India's FY25 GDP growth at 6.6%
Share Market Live Updates: Deloitte has revised India's economic growth prediction for last fiscal to a range of 7.6 to 7.8 per cent. In January, the firm had projected growth for 2023-24 fiscal in the range of 6.9-7.2 per cent.
The country's GDP growth is estimated to reach around 6.6 per cent in FY 2024-25 and 6.75 per cent in the year after, as markets learn to factor in geopolitical uncertainties in their investment and consumption decisions, Deloitte said in its quarterly update to its economic outlook.
-From PTI
Stock Market Live Updates: Deloitte projects India's FY25 GDP growth at 6.6%
Share Market Live Updates: Deloitte India said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows.
In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services.
With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Deloitte has revised India's economic growth prediction for last fiscal to a range of 7.6 to 7.8 per cent. In January, the firm had projected growth for 2023-24 fiscal in the range of 6.9-7.2 per cent.
-From PTI
Stock Market Live Updates: Tech Mahindra unveils three-year roadmap to bounce back
Share Market Live Updates: "We believe this year will be better than the previous one. In a world of heightened geopolitical turmoil, coupled with fast-evolving AI capabilities, organisations will either have to address and adapt or defend and insulate their businesses like never before," Joshi said during the Q4 earnings conference.
Stock Market Live Updates: Tech Mahindra shares zoom over 13% after unveiling three-year roadmap to bounce back
Share Market Live Updates: Shares of Tech Mahindra on Friday surged over 13 per cent after the company's CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins.
The stock jumped 13 per cent to Rs 1,344.95 on the BSE. At the NSE, it climbed 13.16 per cent to Rs 1,347.
The company's market capitalisation moved up by Rs 10,754.85 crore to Rs 1,26,705.84 crore.
It emerged as the biggest gainer on both the BSE Sensex and NSE Nifty.
From PTI
Stock Market Live Updates: Nifty Midcap up 400 pts
Share Market Live Updates: The Nifty Midcap index has rallied 396.95 points, or 0.79 per cent higher at 50,619.60.
Stock Market Live Updates: Nifty Bank down marginally
Share Market Live Updates: Nifty Bank is trading 78.05 points, or 0.15 per cent lower at 48,417.55.
Top losers:
> Induslnd Bank, 1.66 per cent down at 1,471.30
> SBI, 1.00 per cent down at 804.60
> ICICI Bank, 0.47 per cent down at 1,108.50
Stock Market Live Updates: Target is to achieve $1 trillion goods exports by 2030: Trade Ministry
Share Market Live Updates: The commerce Ministry has initiated an exercise to identify required infrastructure needs, potential sectors, and clusters that would help the country achieve the $1 trillion merchandise exports target by 2030 but sustainability will be a major concern going forward.
This comes a day after the European Parliament voted on Wednesday for a new law that will require larger companies operating in the bloc to check if their supply chains use forced labour or cause environmental damage and act to take action if they do.
Stock Market Live Updates: Check top gainers and losers
Share Market Live Updates: Tata Steel, Wipro, JSW Steel, HCL Technologies, HDFC Bank and ITC were among the other major gainers from Sensex basket.
Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra and Nestle were among the laggards.
Stock Market Live Updates: Indian bond yields track US yields higher before debt sale
Share Market Live Updates: Indian government bond yields rose as U.S. yields spiked to new highs amid a further pushback in rate cut expectations.
The benchmark 10-year Indian yield was at 7.2203% as of 10:00 a.m.
New Delhi will sell bonds worth 320 billion rupees ($3.84 billion) later in the day.
"As expected, there is position cutting, with benchmark nearing the crucial resistance level of 7.25%, but the next action would now happen only after the debt sale and investor demand," a trader with a state-run bank said.
-From Reuters
Stock Market Live Updates: Rupee opens stronger
Share Market Live Updates: Indian rupee opened a paisa stronger at 83.30/$ Vs Thursday’s close of 83.31/$.
Stock Market Live Updates: Sensex, Nifty open higher
Share Market Live Updates: BSE Sensex opened 168.87, or 0.87 per cent higher at 74,509.30 while NSE Nifty inched 50.10, or 0.22 per cent higher at 22,620.40.