Sensex, Nifty Fluctuate In Early Trade

Indian shares rise; TCS market cap crosses $100 bln

On Tuesday, Sensex rallied 165.87 to settle at 34,616.64 and the Nifty ended 29.65 points higher at 10,614.35. Markets in Asia opened lowered on Wednesday, following an overnight drop in U.S. stocks where the Dow fell more than 400 points.

Index heavyweights like Reliance Industries (RIL), Yes Bank, Adani Ports, Mahindra and Mahindra, and Larsen and Toubro were the top gainers on the BSE. Similarly, the NSE Nifty fell below the 10,600 mark, shedding 25.85 points, or 0.24 per cent, to 10,588.50.

The Sensex was up 140.70 points or 0.41 per cent at 34,556.28 and the Nifty up 45.95 points or 0.43 per cent at 10,610.

Top five Sensex gainers were TCS, YES Bank, IndusInd Bank, Bharti Airtel and M&M, while the major losers were ICICI Bank, Hero MotoCorp, HDFC Bank, Coal India and HUL.

The BSE IT index rose after rupee fell to a 14-month low of 66.825 against the dollar on bouts of month-end dollar demand from importers amid crude price volatility and rising USA bond yields.

Shares of Indiabulls Housing Finance Company gained as much as 2.1 per cent to Rs 1,385 on strong Q4 profit.

More news: Amir Khan vs Phil Lo Greco: All you want to know!

About 1,478 shares declined against 1,179 advancing shares on the BSE.

The broader markets underperformed the benchmark index, with the S&P BSE mid-cap index closing lower by 0.02 per cent and the small-cap index by 0.13 per cent.

Worldwide oil prices hit their highest levels since late 2014 due to expectations of renewed USA sanctions against Iran and as OPEC continued withholding supplies amid strong demand.

In other Asian markets, Hong Kong's Hang Seng rose 1.20 percent while Japan's Nikkei was up to 0.67 percent in early trade.

Foreign institutional investors sold scrip worth Rs 680.99 crore, while the domestic institutional investors purchased stocks worth Rs 508.55 crore, provisional data with the exchanges showed.

Related News:



Most liked

BMW iX3 concept unveiled at Beijing Motor Show
These styling cues provide a striking contrast against the Moonstone Silver matt exterior paint finish. BMW says that the Concept iX3 has a 270hp electric motor and a WLTP range of over 249 miles.

Allison Mack freed to parents on $5 million bail
Raniere said he was "deeply saddened" and denied "abusing, coercing or harming" anyone in a letter posted on the site. Mack is accused of recruiting women into DOS , a secret group that was supposedly dedicated to women's empowerment .

Iranian general threatens to 'annihilate' Israel
If there's a war, the result will be your complete elimination", he said. "The only way for you to escape will be to the sea". Zarif's comments come after senior Iranian officials threatened Israel with annihilation over the weekend.

Russell Westbrook Vows to Stop Ricky Rubio in Game 4
Utah can take control of its series against Oklahoma City on Monday, while Minnesota looks to pull even with Houston. After a 24-poin/t, 12-rebound production in Game 1, Capela had only seven points on six shots in Game 3.

Willie Snead thanks Saints as deal with Ravens becomes final
Snead is a restricted free agent, but ESPN's Adam Schefter reports that the New Orleans Saints are not going to match the offer . On the final day of restricted free agency, the Ravens signed Snead to an offer for $10.4 million total over the two years.

A Chiefs fan's guide to the NFL Draft: Final Mock Draft
Darnold is the best prospect in this draft by a long shot and was enormous with USC despite not having the best offensive line. In the last three seasons, National Football League teams drafted 10 quarterbacks in the first two rounds.

Manchester City pitch invasion after Swansea win being investigated by FA
Asked about the potential for disciplinary action, Guardiola said: "No problem". "Football is an emotional game", he said. Chelsea's record of 30 wins last season may last only a year if City can add another two to their current 29.

American Airlines Articles, Photos, and Videos
A stun gun had little effect on him, possibly because it did not attach properly through his clothing, the arrest report said. Subsequent uses of the taser allow the officers to place handcuffs on Garcia as they prepare to remove him from the aircraft.

Islamic State claims responsibility for Kabul bomber who killed 48 people
Tolo News, a local website, said three voter registration centers around Afghanistan were attacked before Sunday. Haidari blamed the Taliban who have stepped up their attacks on Afghan security forces across Badghis.

Vladimir Putin ready to meet Donald Trump: Russia
Trump told Putin he would be happy to make a reciprocal visit to Russian Federation , the RIA news agency quotes Lavrov as saying. He said Russian officials "don't want to be too obtrusive, but don't want to be impolite".

Trump Assails Democratic Opposition to Pompeo Nomination
Jeff Flake of Arizona has signaled he has some concerns about Pompeo's nomination but hasn't yet said how he'll vote. Still, some observers predict a historic setback for the president in the Foreign Relations Committee vote.

Hannity Defends $90 Million in HUD-Backed Real Estate
Hannity is the hidden owner behind some of the shell companies and his attorney did not dispute that he owns all of them. "Mr. The Guardian report comes days after it emerged Hannity is a client of Michael Cohen , Trump's longtime lawyer and fixer.

Capitals vs. Blue Jackets: Prediction for a massive Game 5
Boston's best all-around player was declared out of the lineup about 15 minutes before faceoff with an upper-body injury. Following a lackluster Game 3 performance, the Bruins headed into Game 4 in Toronto in need of a spark.

Shane Warne apologises to Rajasthan Royals fans after 'terrible display'
He was dropped in the first over as Rahul Tripathi dropped a sitter at first slip, something the Royals were made to pay for. They however, gained momentum and registered two back-to-back wins against Delhi Daredevils and Royal Challengers Bangalore.

In Sonia Gandhi's bastion, Amit Shah accuses Congress of maligning opponents
The Hunsur seat which was once represented by former chief minister D. Devaraj Urs for six terms is now under the command of Ramesh Kumar.