The benchmark Sensex surged over 450 points in mid-session trade Thursday taking a lead from overseas, with the Dow surging to a record for the third straight session.
The benchmark Sensex staged a strong comeback by rising over 300 points in early trade today on widespread buying by participants tracking a global market in anticipation of the European Central Bank extending stimulus.
Continuing its uptrend for the second straight day, the rupee on Wednesday surged by another 27 paise to end at over three-week high of 67.63 even as the Reserve Bank unexpectedly kept policy rates steady.
The BSE benchmark Sensex snapped two straight sessions of gains to close lower on Wednesday after the RBI unexpectedly kept its repo rate unchanged
Ahead of the Reserve Bank of India (RBI) bi-monthly monetary policy review, the Indian equities markets opened on flat note on Wednesday.
Rising for the second straight day Tuesday, the benchmark Sensex rose over 43 points on optimistic buying by investors ahead of announcement of RBI's monetary policy review scheduled for tomorrow.
The meeting on Tuesday will be the second of the MPC chaired by the Reserve Bank of India Governor Urjit Patel.
The BSE benchmark Sensex recovered 43 points in early trade on Friday, snapping its tow-day losing streak, on fresh buying by investors in select blue-chips even as most Asian markets retreated after Italy's Prime Minister resigned following a heavy referendum defeat.
Outcome of the Reserve Bank's monetary policy review, macroeconomic data and major global events would set the market tone this week, say experts.
After experiencing net outflows for four consecutive quarters, India-focussed offshore funds and exchange traded funds (ETFs) registered net inflows worth USD 196 million for the quarter ended September 2016.
At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may cut the main interest rate by 50 basis points, feels Keki Mistry, Vice Chairman and CEO of HDFC.
The Reserve Bank will come out with monetary policy review, the first after demonetisation of old Rs 500/1000 notes, on Wednesday amid expectations of interest rate cut.
At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may increase the main interest rate by 50 basis points, feels Keki Mistry, Vice Chairman and CEO of HDFC.
Sensex tanked over 329 points to end at about one-week low of 26,230.66 on sustained foreign fund outflows amid weak global cues.
Chitra Ramkrishna, Managing Director and CEO of National Stock Exchange has resigned over differences with its board.
Market benchmark Sensex fell 93 points to end at 26,559.92, while the NSE Nifty broke below the 8,200-mark Thursday after investors preferred to liquidate their positions at higher levels.
The NSE Nifty was quoting higher by 20.50 points or 0.25 percent, at 8,245.
The 50-share NSE Nifty settled 82.35 points, or 1.01 percent higher at 8,224.50 after shuttling between 8,234.25 and 8,139.25.
The benchmark BSE Sensex surged over 90 points in early trade on Wednesday, extending its rally to the fourth straight session on continued buying by domestic institutional investors amid expectations of positive GDP data to be released later in the day.