Mumbai:

Benchmark equity indices Sensex and Nifty ticked higher to hit lifetime high levels today, helped by hectic buying in market heavyweights ICICI Bank, HDFC Bank and Infosys amid a firm trend in global equities.

Besides, fresh foreign fund inflows boosted investor confidence, traders said.

In a range-bound session, Sensex and Nifty settled at their new closing all-time high levels amid intense demand for realty, consumer durable and utility stocks.

Rising for the fourth straight session, the 30-share BSE Sensex climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48 per cent to hit the fresh lifetime peak of 77,366.77.

The NSE Nifty went up by 92.30 points or 0.39 per cent to hit a record closing high of 23,557.90. It rallied 113.45 points or 0.48 per cent to hit the new all-time high of 23,579.05 during the session.

Fitch Ratings on Tuesday raised India’s growth forecast for the current fiscal to 7.2 per cent from 7 per cent projected in March, citing a recovery in consumer spending and increased investment.

Among the 30 Sensex companies, Power Grid, Wipro, ICICI Bank, Titan, Mahindra & Mahindra, Axis Bank, HDFC Bank, Infosys, JSW Steel and State Bank of India were the biggest gainers.

In contrast, Maruti, UltraTech Cement, Tata Steel, Tata Motors, ITC and Tata Consultancy Services were among the laggards.

In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory, while Hong Kong ended lower.

European markets were quoting with gains in mid-session deals. US markets ended higher on Monday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 2,175.86 crore on Friday, according to exchange data.

Global oil benchmark Brent crude declined 0.27 per cent to USD 84.02 a barrel.

Equity markets were closed on Monday on account of Eid-ul-Adha.

Rising for the third straight session, the BSE benchmark climbed 181.87 points or 0.24 per cent to settle at 76,992.77 on Friday. The Nifty rallied 66.70 points or 0.29 per cent to 23,465.60.
 

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Mumbai:

Benchmark indices Sensex and Nifty tumbled more than 1 per cent today due to selling in index heavyweights in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision.

Falling for the second day running, the 30-share BSE Sensex tumbled 796 points or 1.18 per cent to settle at 66,800.84. During the day, it tanked 868.7 points or 1.28 per cent to 66,728.14.

The NSE Nifty declined 231.90 points or 1.15 per cent to end below the 20,000 mark at 19,901.40.

US bond yields surging to 16-year high levels and fears of high crude oil prices fueling commodity inflation also hit the investor sentiment, according to analysts.

Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.

Among the Sensex firms, HDFC Bank emerged as the biggest loser, falling 4 per cent. JSW Steel, Reliance Industries, UltraTech Cement, Maruti, Tata Steel, Wipro, Tech Mahindra, Bharti Airtel and Larsen & Toubro were the other major laggards.

Power Grid, Asian Paints, Sun Pharma, Axis Bank, NTPC, ITC and Infosys were among the gainers.

“The domestic markets remained under pressure due to rising US bond yields and a stronger greenback. Concerns reigned over upcoming FED policy, interest rate trajectory and rising oil prices.

“Bank Nifty underperformed today due to rising cost of funds and reduction in deposits leading to moderation in net yield,” said Vinod Nair, Head of Research at Geojit Financial Services.

In the broader market, the BSE smallcap gauge fell by 0.51 per cent and midcap index declined 0.33 per cent.

Among the indices, financial services fell by 1.39 per cent, commodities dropped 1.39 per cent, metal (1.25 per cent), realty (1.20 per cent), bankex (1.05 per cent), telecommunication (0.95 per cent) and oil & gas (0.68 per cent).

Utilities and power were the gainers.

In Asian markets, Tokyo, Shanghai and Hong Kong ended lower while Seoul settled with gains.

European markets were trading in positive territory. The US markets ended in negative territory on Tuesday.

Global oil benchmark Brent crude fell 1.23 per cent to USD 93.18 a barrel even as supply concerns remain due to production cuts announced by Saudi Arabia and Russia.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,236.51 crore on Monday, according to exchange data.

Snapping its 11-day rally, the BSE benchmark fell 241.79 points or 0.36 per cent to settle at 67,596.84 on Monday. The broader Nifty declined 59.05 points or 0.29 per cent to end at 20,133.30. Equity markets were closed on Tuesday on account of Ganesh Chaturthi.
 

After a weak beginning, the BSE Sensex further fell by 187.11 points to 65,693.41. The Nifty declined 55.35 points to 19,555.70. File

Domestic equity benchmark indices fell in initial trade on September 7 tracking weak global markets and foreign fund outflows.

After a weak beginning, the BSE Sensex further fell by 187.11 points to 65,693.41. The Nifty declined 55.35 points to 19,555.70.

From the Sensex pack, Mahindra & Mahindra, Bajaj Finance, Nestle, UltraTech Cement, JSW Steel, Hindustan Unilever, Infosys and Power Grid were the major laggards.

Maruti, State Bank of India, Larsen & Toubro and Bharti Airtel were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

The U.S. markets ended in the negative territory on September 6.

Global oil benchmark Brent crude declined 0.19% to $90.43 a barrel.

“A major concern in the market is the Brent crude rising above $90 with negative implications for India’s macros and inflation,” said V.K. Vijayakumar, chief investment strategist at Geojit Financial Services.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,245.86 crore on Wednesday, according to exchange data.

Fag-end buying helped the BSE benchmark climb 100.26 points or 0.15% to settle at 65,880.52 on September 6. The Nifty advanced 36.15 points or 0.18% to end at 19,611.05.