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Indian shares close at record high as COVID-19 curbs ease
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com + 0.89   time to read: +2 min
BENGALURU (Reuters) - Indian shares ended at a record high on Friday, gaining for a fourth consecutive week as more states eased pandemic restrictions, with investors seeming confident that high U.S. inflation was transitory following the latest reading. FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photoThe blue-chip NSE Nifty 50 index rose 0.39% to 15,799.35 and the benchmark S&P BSE Sensex closed 0.33% higher at 52,474.76. The southern Indian state of Karnataka, home to the tech hub Bengaluru, announced on Thursday it would ease some COVID-19 restrictions in a phased manner. The country’s richest state Maharashtra, Prime Minister Narendra Modi’s home state of Gujarat and the Indian capital New Delhi have already announced relaxations.
Persons: Francis Mascarenhas, ” Amar Ambani, Narendra Modi’s Organizations: Bombay Stock Exchange, REUTERS, BSE, Yes Securities, Reliance Industries Ltd, Infosys Ltd, Tata Consultancy Services, Steel Authority of India Ltd Locations: BENGALURU, Mumbai, India, Karnataka, Bengaluru, Maharashtra, Gujarat, New Delhi
Indian shares open higher as IT, energy firms gain
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.58   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 6, 2020. REUTERS/Francis Mascarenhas/File photoBENGALURU (Reuters) - Indian shares rose on Thursday, with information technology and energy companies gaining the most, as investors awaited U.S. inflation data and the outcome of a European Central Bank meeting later in the day. The blue-chip NSE Nifty 50 index was up 0.35% at 15,681.80 and the benchmark S&P BSE Sensex rose 0.30% to 52,103.55 by 0346 GMT. Reliance Industries Ltd, Infosys Ltd and Tata Consultancy Services Ltd were among the top boosts to the Nifty 50, gaining between 0.7% and 0.8%. The Nifty IT index, which has gained 2% so far this week, was up 0.89%.
Persons: Francis Mascarenhas Organizations: Bombay Stock Exchange, REUTERS, European Central Bank, BSE, Reliance Industries Ltd, Infosys Ltd, Tata Consultancy Services, Federal Locations: Mumbai, India, BENGALURU, U.S
Financials boost Indian shares; U.S. inflation data eyed
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 6, 2020. REUTERS/Francis Mascarenhas/File photoBENGALURU (Reuters) - Indian shares closed up on Thursday, boosted by heavyweight financials stocks, with investors eyeing U.S. inflation data to gauge the Federal Reserve’s stance on trimming stimulus measures. The blue-chip NSE Nifty 50 index rose 0.65% to 15,737.75 and the benchmark S&P BSE Sensex climbed 0.69% to 52,300.47 at close. The Nifty PSU Bank Index, which tracks state-run banks, was a top performer among other sub-indexes with a 2.40% gain at close. Shares of Infosys Ltd, which have risen in five of the last eight trading sessions, rose 0.6%, lifting the Nifty IT index up 0.94%.
Persons: Francis Mascarenhas Organizations: Bombay Stock Exchange, REUTERS, BSE, Federal, Investors, European Central Bank, Bajaj Finance Ltd, State Bank of India, HDFC, Infosys Ltd Locations: Mumbai, India, BENGALURU, U.S
Indian shares open higher on financials, healthcare boost
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -0.68   time to read: +1 min
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File PhotoBENGALURU (Reuters) - Indian shares edged up to near record highs on Wednesday in choppy trading, boosted by gains in heavyweight financials and healthcare stocks. The blue-chip NSE Nifty 50 index was up 0.14% at 15,763.85 and the benchmark S&P BSE Sensex fell 0.16% to 52,361.19 by 0403 GMT. HDFC Bank Ltd and HDFC Ltd were among the top boosts to the Nifty 50, gaining 0.5% and 0.7%, respectively. Globally, stocks held near record highs on Wednesday, as investors bet the U.S. Federal Reserve is some way off from tapering its economic stimulus.
Persons: Francis Mascarenhas, Cipla Organizations: Bombay Stock Exchange, REUTERS, BSE, HDFC Bank, HDFC, U.S . Federal, European Central Bank Locations: Mumbai, India, BENGALURU
Indian shares slip from record peaks as Reliance drags
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
BENGALURU (Reuters) - Losses in energy and financial stocks pulled Indian shares down from record highs on Wednesday, with investors cautious ahead of key U.S. inflation data due later in the week. FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. Dewan added investors were also on the sidelines ahead of U.S. inflation data and a key meeting of the European Central bank on Thursday. In Mumbai trading, Reliance Industries, India’s largest listed company by market value, slid 1.8% and was the top drag on the indexes. Power utilities were the bright spot, with Nifty 50-component Power Grid Corp of India jumping 3.4%.
Persons: Francis Mascarenhas, , Neeraj Dewan, Dewan, GAIL Organizations: Bombay Stock Exchange, REUTERS, BSE, Quantum Securities, European, Reliance Industries, India’s, Gas, Grid Corp, Tata Power Locations: BENGALURU, Mumbai, India, New Delhi, Odisha
REUTERS/Francis Mascarenhas/File photoBENGALURU (Reuters) - Indian shares edged up on Tuesday, extending gains from a record high close in the previous session, as the government offered free COVID-19 vaccines to all adults, boosting sentiment as parts of the country ease restrictions. Both the indexes closed at a record high on Monday, bolstered by hopes that the economy would pick up as some states eased COVID-19 lockdowns. India will provide free COVID-19 vaccines to all adults, Prime Minister Narendra Modi said on Monday after markets closed, in an effort to rein in a pandemic that has killed hundreds of thousands. Technology stocks boosted the Nifty 50 index, with software services firms Infosys Ltd and Tata Consultancy Services Ltd rising 1.1% and 0.8%, respectively. The Nifty IT index was up 1.1%, hitting a record high and leading gains among other subindexes.
Persons: Francis Mascarenhas, Narendra Modi Organizations: Bombay Stock Exchange, REUTERS, BSE Sensex, Infosys Ltd, Tata Consultancy Services Locations: Mumbai, India, BENGALURU, COVID
Indian shares erase gains as global inflation worries weigh
  + stars: | 2021-06-08 | by ( Rama | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Francis Mascarenhas/File photoThe blue-chip NSE Nifty 50 index fell 0.20% to 15,716.40 and the benchmark S&P BSE Sensex was down 0.18% at 52,243.87 by 0541 GMT. “Markets are at slightly elevated valuations and seeing routine profit taking due to global inflation worries,” said Anita Gandhi, director at Arihant Capital Markets. Investors are awaiting U.S. inflation data due later this week for clarity on tapering of policy support from the Federal Reserve. Top private-sector lender HDFC Bank Ltd and conglomerate Reliance Industries Ltd were among the top drags to the Nifty 50 index, falling 1% and 0.8%, respectively. The Nifty PSU Bank Index, which tracks state-owned banks, fell 1.72% and the Nifty Bank Index was down 1.04%.
Persons: Francis Mascarenhas, , Anita Gandhi Organizations: Bombay Stock Exchange, REUTERS, BSE, Arihant, Markets, Investors, Federal Reserve, European Central Bank, HDFC Bank Ltd, Reliance Industries, Nifty, Infosys Ltd, Tata Consultancy Services Locations: BENGALURU, financials, Mumbai, India
Indian shares end slightly lower as global inflation worries weigh
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -0.90   time to read: +2 min
BENGALURU (Reuters) - Indian shares ended a tick lower on Tuesday as concerns around rising global inflation and high valuations in the domestic market outweighed optimism around the country’s declining COVID-19 cases. FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photoThe blue-chip NSE Nifty 50 index closed down 0.07% at 15,740.10, while the benchmark S&P BSE Sensex settled 0.1% lower at 52,275.57. Both indexes had scaled record peaks on Monday as some Indian states eased lockdowns and daily COVID-19 cases hit a two-month low. On Tuesday, the three biggest drags on the Nifty 50 were HDFC Bank, mortgage lender HDFC and ICICI Bank.
Persons: Francis Mascarenhas, , Anand James Organizations: Bombay Stock Exchange, REUTERS, BSE, Geojit Financial, Federal Reserve, European Central Bank, HDFC Bank, ICICI Bank, Infosys Locations: BENGALURU, Mumbai, India, Kochi,
Indian shares end at record high as some COVID-19 curbs ease
  + stars: | 2021-06-07 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
BENGALURU (Reuters) - Indian shares ended at a record high on Monday, buoyed by hopes that the economy would return to normal as some states eased lockdowns, with daily COVID-19 cases hitting a two-month low. Energy and information technology stocks also supported the Nifty 50 index, with the Nifty Energy index rising 1.85% and the Nifty IT index jumping 1.11%. India’s capital city of New Delhi partially eased a lockdown, while Modi’s home state of Gujarat also relaxed curbs on commercial activities. As a result, cinema chain operators PVR Ltd and INOX Leisure Ltd closed 3.3% and 3.5% higher, respectively, sending the Nifty Media index up 1.16%. Shares of Central Bank of India closed nearly 8% higher while Indian Overseas Bank finished up 11.7%.
Persons: Francis Mascarenhas, Narendra Modi Organizations: Bombay Stock Exchange, REUTERS, BSE, Energy, INOX Leisure, Central Bank of India, Indian Overseas Bank Locations: BENGALURU, Mumbai, India, New Delhi, Gujarat, Maharashtra
Indian shares unchanged ahead of central bank rate decision
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +1 min
REUTERS/Francis Mascarenhas/File photoBENGALURU (Reuters) - Indian shares traded flat on Friday, ahead of a central bank decision that could leave interest rates at record lows as the country grapples with a second wave of the pandemic. The NSE Nifty 50 index and the S&P BSE Sensex were unchanged at 15,697.25 and 52,248.08, respectively, by 0347 GMT. The focus will likely be on the Reserve Bank of India’s (RBI) messaging on providing adequate liquidity to support the economy. All 51 economists polled by Reuters expect the monetary policy committee to keep the key lending rate or the repo rate unchanged at 4% for a sixth straight time. The blue-chip Nifty 50 and the Sensex have risen over 5% each since the central bank’s last meet in April, boosted by robust corporate results and falling daily COVID-19 cases.
Persons: Francis Mascarenhas, , Rahul Bajoria Organizations: Bombay Stock Exchange, REUTERS, NSE, BSE, Reserve Bank of India’s, Barclays, Reuters Locations: Mumbai, India, BENGALURU
Indian shares open lower as conglomerate ITC weighs
  + stars: | 2021-06-02 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, May 20, 2019. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares opened lower on Wednesday, weighed down by consumer goods giant ITC Ltd as its profit slipped in the March quarter, while broader Asian stocks edged higher after data showed U.S. manufacturing activity rose in May. The blue-chip NSE Nifty 50 index fell 0.19% to 15,545.50 by 0345 GMT, while the benchmark S&P BSE Sensex shed 0.25% to 51,800.02. Cigarettes-to-hotels conglomerate ITC fell more than 2% and was the biggest drag to the Nifty 50. Financials stocks also declined, with mortgage lender HDFC Ltd and ICICI Bank Ltd falling 0.6% each.
Persons: Francis Mascarenhas BENGALURU, HDFC Organizations: Bombay Stock Exchange, REUTERS, ITC Ltd, BSE, ITC, HDFC, ICICI Bank Ltd Locations: Mumbai, India
Indian shares fall as financials, IT stocks weigh
  + stars: | 2021-06-02 | by ( Rama | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, May 20, 2019. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares slipped on Wednesday, weighed down by financials and information technology stocks, with investors also worried over high valuations following a recent rally. The blue-chip NSE Nifty 50 index fell 0.48% to 15,500.85 by 0503 GMT, while the benchmark S&P BSE Sensex shed 0.64% to 51,597.22. “In the medium term, the market should still be positive as economic growth will pick up gradually with capex cycle picking up. In Asian markets, shares edged up to near three-month highs and global equities held steady near a record, as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
Persons: Francis Mascarenhas BENGALURU, , Neeraj Dewan, HDFC Organizations: Bombay Stock Exchange, REUTERS, BSE, Quantum Securities, Software, Infosys, HDFC, ITC Locations: Mumbai, India, COVID
Indian shares close flat as financials offset energy gains
  + stars: | 2021-06-02 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, May 20, 2019. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares ended little changed for a second straight session on Wednesday as investors refrained from making big bets due to concerns over high valuations following a recent rally. The blue-chip NSE Nifty 50 index rose 0.01% to 15,576.20 at close, while the benchmark S&P BSE Sensex slipped 0.16% to 51,849.48. Both the indexes gained more than 6% last month as a steady decline in daily COVID-19 cases lifted investor sentiment. Reliance shares have risen for six straight sessions.
Persons: Francis Mascarenhas BENGALURU Organizations: Bombay Stock Exchange, REUTERS, BSE, ITC, HDFC Bank, Infosys, Reliance Industries Ltd, Tata Steel Ltd, Reliance, Sumi Systems Locations: Mumbai, India, COVID, United States, Europe
Indian shares rise on downward trend in COVID-19 cases
  + stars: | 2021-06-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares extended gains on Tuesday, as investors took hope from a downward trend in daily COVID-19 cases while taking cues from a global rally in equities. The blue-chip NSE Nifty 50 index rose 0.18% to 15,611.30 by 0345 GMT, while the benchmark S&P BSE Sensex climbed 0.19% to 52,026.39. However, economists are increasingly pessimistic about the current quarter after a huge second wave of COVID-19 infections hit the country last month. Globally, equities have risen in the past week on improved investor sentiment after U.S. inflation outlook. In Asia, markets rose on Tuesday ahead of European and U.S. data this week that may offer cues on global economic health.
Persons: Francis Mascarenhas BENGALURU, , Vijayakumar, Goldman Sachs Organizations: Bombay Stock Exchange, REUTERS, BSE, Geojit Financial Services, India, HDFC, Kotak Mahindra Bank Locations: Mumbai, India, COVID, Asia
Indian shares flat as energy gains offset losses in financials
  + stars: | 2021-06-01 | by ( Rama | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares’ recent rally was stalled on Tuesday, as gains in energy stocks, amid optimism from declining daily cases of COVID-19, were offset by losses in materials and financials. The blue-chip NSE Nifty 50 index closed 0.05% lower at 15,574.85, while the benchmark S&P BSE Sensex was unchanged. Energy stocks gained after Brent crude prices topped $70 and traded at their highest since March, as optimism grew over the fuel demand outlook. Investor sentiment has improved in recent days due to a steady decline in daily COVID-19 cases. Economists, however, are pessimistic about the current quarter after a huge second wave of COVID-19 infections hit the country last month.
Persons: Francis Mascarenhas BENGALURU, , Samrat Dasgupta Organizations: Bombay Stock Exchange, REUTERS, BSE, Esquire Capital Investment Advisors, Energy, Brent, Reliance Industries Ltd, Oil, Natural Gas Corporation Ltd Locations: Mumbai, India, COVID
Indian shares open lower ahead of GDP data
  + stars: | 2021-05-31 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares opened lower on Monday as investors awaited gross domestic product data for the fourth quarter, with economists being pessimistic after a harsh second wave of COVID-19 hit the country last month. The NSE Nifty 50 index shed 0.34% to 15,381.35 by 0401 GMT, while the benchmark S&P BSE Sensex slipped 0.43% to 51,188.99. The Nifty 50 index closed at a record high on Friday, with both the indexes posting weekly gains of around 2% each. Mortgage lender HDFC Ltd and software services firm Infosys Ltd were the top drags to the Nifty 50, losing 1.48% and 1.44%, respectively. Last week, the country reported its lowest daily rise of cases in more than a month.
Persons: Siddiqui Organizations: Bombay Stock Exchange, REUTERS, NSE, BSE, HDFC, Infosys Locations: Mumbai, India, Siddiqui BENGALURU, COVID
Indian shares rise as daily COVID-19 cases fall; GDP data eyed
  + stars: | 2021-05-31 | by ( Rama | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares on Monday extended last week’s rally as declining COVID-19 cases buoyed investor sentiment ahead of GDP data for the first three months of the year. The NSE Nifty 50 index rose 0.44% to 15,503.70 by 0515 GMT, while the benchmark S&P BSE Sensex climbed 0.55% to 51,1702.53. Both the indexes posted weekly gains of around 2% each, with the Nifty 50 closing at a record high on Friday. Conglomerate Reliance Industries Ltd and ICICI Bank Ltd were the top boosts to the Nifty 50, gaining 2.5% and 2.1%, respectively. India on Monday reported its lowest daily increase in new COVID-19 infections since April 11 at 152,734, while deaths rose by 3,128.
Persons: Siddiqui, “ Today’s, , Anand James Organizations: Bombay Stock Exchange, REUTERS, NSE, BSE, Geojit Financial Services, Conglomerate Reliance Industries Ltd, ICICI Bank Ltd, Reliance Locations: Mumbai, India, Siddiqui BENGALURU, tailwinds
Indian shares flat as financials counter gains in IT stocks
  + stars: | 2021-05-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares were largely unchanged early on Thursday, as losses in heavyweight financials offset gains in information technology stocks. The blue-chip NSE Nifty 50 index was down 0.09% at 15,283.85 by 0356 GMT, while the benchmark S&P BSE Sensex was 0.16% lower at 50,928.31. Shares of Tata Consultancy Services Ltd and Infosys Ltd extended gains to a third straight session, adding nearly 1% each and cushioning losses on the Nifty. Lenders HDFC Ltd and HDFC Bank Ltd were the top drags to the Nifty 50 index, losing 0.54% and 0.46%, respectively. On Thursday, India’s tally of COVID-19 cases rose by 211,298 over the last 24 hours, while deaths rose by 3,847.
Persons: Francis Mascarenhas BENGALURU Organizations: Bombay Stock Exchange, REUTERS, BSE, Tata Consultancy Services Ltd, Infosys, HDFC, HDFC Bank, Bharat Petroleum Corporation Ltd, Eicher Motors Ltd, Sun Pharmaceutical Industries Locations: Mumbai, India, COVID, China
Indian shares end higher as financials, IT stocks gain
  + stars: | 2021-05-27 | by ( Reuters Staff | ) www.reuters.com sentiment -0.87   time to read: +2 min
BENGALURU (Reuters) - Indian shares closed higher on Thursday, helped by gains in financials and information technology stocks, while a steady decline in daily COVID-19 cases also helped investor sentiment. FILE PHOTO: A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 13, 2020. REUTERS/Francis MascarenhasThe blue-chip NSE Nifty 50 index was up 0.24% at 15,337.85, while the benchmark S&P BSE Sensex was 0.19% higher at 51,115.22. Investor sentiment has improved in recent days due to the steady decline in daily COVID-19 cases. The Nifty Bank Index rose 1.18% and the Nifty PSU Bank Index, which tracks state-run banks, gained 2.85%.
Persons: Francis Mascarenhas Organizations: Bombay Stock Exchange, REUTERS, BSE, Reserve Bank of, Global, U.S, Federal Reserve, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd, Eicher Motors Ltd, Sun Pharmaceutical Industries Ltd, Nifty Locations: BENGALURU, financials, COVID, Mumbai, India, Reserve Bank of India
Indian stocks to nudge past February's record high by year-end
  + stars: | 2021-05-27 | by ( Hari Kishan | ) www.reuters.com + 0.00   time to read: +4 min
After its record high of 52,516.76 in February, the benchmark S&P BSE Sensex (.BSESN) rose modestly in March and declined about 1.5% in April. When asked about the risks to the Indian stock market outlook from the coronavirus crisis still gripping the country, 66% of analysts, or 21 of 32, said it was low. If the vaccination drive picks up pace, I think that can provide a solid boost to equity markets," said Shashank Mendiratta, economist at IBM in New Delhi. "The high valuations of Indian equities suggest markets are pricing in a very strong growth momentum. (Other stories from the Reuters Q2 global stock markets poll package: )Our Standards: The Thomson Reuters Trust Principles.
Persons: Francis Mascarenhas India's, Shashank Mendiratta, Rajat Agarwal Organizations: Bombay Stock Exchange, Sensex, REUTERS, BSE, bourse, Rudramurthy, Vachana Investments, IBM, Societe Generale, Thomson Locations: Mumbai, India, New Delhi, Asia
Indian shares unchanged as financials offset gains in energy
  + stars: | 2021-05-26 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File PhotoIndian shares were little changed on Wednesday, as gains in energy and consumer discretionary stocks were countered by losses in financials and materials. Tata Steel Ltd (TISC.NS) and HDFC Bank Ltd (HDBK.NS) were among the top drags to the index, losing 0.93% and 2.92%, respectively. Investors’ risk appetite has improved recently due to a steady decline in daily COVID-19 cases in India. On Tuesday, the country reported its lowest daily rise of cases in more than a month.
Persons: Francis Mascarenhas Organizations: Bombay Stock Exchange, REUTERS, BSE, Reliance Industries Ltd, Hindustan Unilever Ltd, Tata Steel Ltd, HDFC Bank, Investors, Bharat Petroleum Corporation Ltd, Thomson Locations: Mumbai, India, financials, 15218.05, COVID
Indian shares rise on financials, IT stocks boost
  + stars: | 2021-05-26 | by ( Rama Venkat | ) www.reuters.com + 0.94   time to read: +2 min
A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File PhotoIndian shares rose on Wednesday, boosted by gains in financial and information technology stocks, as a downward trend in daily COVID-19 cases fuelled hopes of a swifter economic reopening. "Market is hoping that localised lockdowns will be reduced in the coming weeks so the economy will be much better." On Tuesday, India reported its lowest daily rise in cases in more than a month. Nifty component Bharat Petroleum Corporation Ltd (BPCL.NS) is set to report its March-quarter earnings later in the day.
Persons: Francis Mascarenhas, Vinod Nair Organizations: Bombay Stock Exchange, REUTERS, BSE, Geojit Financial, Software, Infosys, HDFC, Business, Bharat Petroleum Corporation Ltd, Thomson Locations: Mumbai, India, COVID
Indian shares gain on strong earnings; Asian Paints, Infosys shine
  + stars: | 2021-05-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares extended gains on Tuesday, as investor sentiment remained upbeat due to strong corporate earnings and some decline in domestic cases of the novel coronavirus. The blue-chip NSE Nifty 50 index rose 0.54% to 15,270.25 by 0355 GMT, while the benchmark S&P BSE Sensex was 0.48% higher at 50,920.06. Infosys Ltd and Asian Paints Ltd were the top boosts to the Nifty 50, gaining 0.86% and 2.68%, respectively. Investors’ appetite has been aided by a steady decline in daily COVID-19 cases in India.
Persons: Siddiqui Organizations: Bombay Stock Exchange, REUTERS, BSE, Infosys Ltd, Asian Paints Ltd Locations: Mumbai, India, Siddiqui BENGALURU, COVID
Indian shares end flat as financials negate IT gains
  + stars: | 2021-05-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares gave up early gains to close flat on Tuesday as heavyweight financials negated support from IT and metal stocks, while the country reported its lowest daily rise in COVID-19 infections in more than a month. The blue-chip NSE Nifty 50 index gained 0.07% to 15,208.45, while the benchmark S&P BSE Sensex was 0.03% lower at 50,637.53. The Nifty PSU Bank Index and the Nifty Bank Index ended 1.34% and 0.81% lower, respectively. Private-sector lenders HDFC Bank Ltd and Axis Bank Ltd were among the top drags on the Nifty 50. The Nifty IT Index ended 0.96% higher and the Nifty metal index closed up 0.61%.
Persons: Siddiqui Organizations: Bombay Stock Exchange, REUTERS, BSE, Nifty, HDFC Bank, Axis Bank Ltd, Barclays, Moody’s Investors Service Locations: Mumbai, India, Siddiqui BENGALURU, COVID
Indian shares rise as SBI holds gains, daily COVID-19 cases decline
  + stars: | 2021-05-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares rose on Monday as heavyweight State Bank of India continued to climb following its quarterly results last week, and the country’s daily COVID-19 cases stayed below the 300,000-mark for more than a week. The Nifty PSU bank index advanced the most among sub-indexes early on Monday, rising 2.3%. State Bank of India boosted the index, gaining as much as 4.5%. Shares of Natco Pharma jumped 20% after the drug maker on Friday began phase III clinical trials of Molnupiravir capsules For COVID-19 treatment.
Persons: Francis Mascarenhas BENGALURU, Bitcoin Organizations: Bombay Stock Exchange, REUTERS, State Bank of, BSE, PSU, State Bank of India, Natco Pharma Locations: Mumbai, India, State Bank of India, China
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