The 30-share index surged 499.79 points or 1.84 per cent to settle at 27,626.69.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
'Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.'
Strong Q3 brings Infosys comfort amid macro risks.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency following a recovery in the domestic stocks and weakness in the greenback in overseas markets. The US dollar retreated from the two-decade high levels against a basket of six currencies which supported the rupee sentiment. At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82 and a low of 79.96 against the US dollar in the day trade. ,
Daniil Medvedev was knocked out in the fourth round of Indian Wells by Bulgarian Grigor Dimitrov on Wednesday as the world number two's near-flawless start turned nightmarish in a 4-6, 6-4, 6-3 defeat.
Former world number one Maria Sharapova will compete at the Birmingham Classic grasscourt event in the lead-up to Wimbledon, Britain's Lawn Tennis Association (LTA) announced.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
Spanish tennis maestro Rafael Nadal has defended his training methods and outrightly rejected to have used any banned substance in order to speed up his recovery from injury.
Former tennis World No 1 Maria Sharapova will be holding a news conference in Los Angeles on Monday to make "a major announcement", though no other details were given by her manager on Sunday.
India will have 30 per cent of its two-wheeler industry turning electric by 2030 as new manufacturers lead the shift, said a report on Monday. Passenger vehicles will be 15 per cent electric and the three-wheeler segment 75 per cent electric by 2030, said the report by BNP Paribas called 'India Autos-Electric vehicles: Minutes to midnight'. "We see FY22 as the year of inflection for the two-wheeler EV industry, with an accelerated EV adoption helped by incentives, wider availability, model launches, rise in crude prices and improved general awareness. We see 30 per cent of the 2W industry turning electric by 2030; the pace of incentive withdrawal presents an upside/downside risk," the report (India Autos - Electric vehicles: Minutes to midnight) said.
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani group across cement, media and ports dominated the headlines with the conglomerate making its foray into the cement sector by buying Swiss materials firm Holcim's stake in Ambuja Cements for $6.5 billion. The Adani family's additional $4-billion open offer for Ambuja did not get a response because shareholders preferred to stay invested with the new owner.
The Sensex has slid 18.5 per cent from its January 2015 peak.
Maria Sharapova is renowned for her sheer determination in the face of adversity but in Singapore on Saturday, the Russian was quick to cast doubt over her chances of winning the WTA Finals after an injury-ravaged second half of the season.
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Justice Ram Mohan Reddy asked Mallya to appear in court and bring along his passport.
'Having that chance to represent people that might not think that they could be represented, that's a really important goal of mine'
Dominic Thiem defeated qualifier Facundo Bagnis of Argentina 6-4, 7-5 in the first round of the Plava Laguna Croatia Open Umag
Dominic Thiem claimed his first Masters 1000 title after coming from a set down to defeat Roger Federer
Roger Federer will make his only appearance on clay this season at Roland Garros, his agent said. The Swiss skipped the entire claycourt season in 2017 and 2018 and last year played only two tournaments on the surface before arriving in Paris for the French Open.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
Thursday's match was just Venus Williams's seventh of the year and first since January's Australian Open, where she fell to Simona Halep in the round of 32.
Top seed Serena Williams made short work of Kazakhstan's Zarina Diyas in the third round of the BNP Paribas Open.
Elena Rybakina knocked out defending champion Iga Swiatek at Indian Wells on Friday to set up a clash against Aryna Sabalenka in the final.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The rupee depreciated 39 paise to an all-time low of 82.69 against the US dollar in early trade on Monday as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and firm American currency sapped investor appetite, forex traders said. At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.
The rupee depreciated further by 13 paise to hit a new life-time closing low of 82.30 against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and elevated crude oil prices sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 82.19, then fell further to 82.43. It finally settled at an all-time low of 82.30 against the American currency, registering a decline of 13 paise over its previous close.
Suspected food poisoning forced Nick Kyrgios to pull out of his much anticipated quarter-finals showdown with Roger Federer at the BNP Paribas Open in Indian Wells.
The Davis Cup final between Belgium and Britain will go ahead despite Brussels being placed on maximum alert over the threat of an imminent attack, local organisers and the International Tennis Federation said on Monday.
The top-seeded Serb, who had not dropped a set in four matches since the round of 16 at the Australian Open in January, looked out-of-sorts throughout the 98-minute contest.
A sharp rally in domestic stocks from June lows has once again rendered Indian markets expensive to their emerging-market (EM) peers. The 12-month forward price-to-earnings (P/E) multiple for the Nifty50 Index is around 20.6x - 82 per cent higher than 11.3 per cent for the MSCI EM Index. India's valuation premium has hit a five-month high. This is on the back of sharp outperformance to EM and global peers from June lows and also due to earnings downgrades, following the April-June quarter of 2022-23 earnings.
The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.
Sania Mirza and Martina Hingis are in line to win their second title in a row as they breezed into the Miami Open final with a straight sets win over Timea Babos and Kristina Mladenovic.
Serena Williams withdrew before the start of her BNP Paribas Open.
The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
Former world number two Tommy Haas officially announced his retirement from tennis at the BNP Paribas Open in Indian Wells on Thursday, ending a career that spanned more than two decades.
The news comes after Sharapova, who said the decision to end their four-year partnership was "mutually agreed", was beaten by 44th-ranked Naomi Osaka in the first round of the BNP Paribas Open in California on Wednesday.
Serena Williams' return to the WTA Tour following the birth of her first child will be the 'greatest challenge' of her career
