Market Watch

Indian shares rose more than 1 percent on Friday, posting their fourth straight session of gains and the best weekly jump in 12 weeks, after companies such as Bharat Petroleum Corp Ltd posted upbeat earnings.

 

Shares of State Bank of India Ltd surged 6.4 percent, the biggest daily percentage gain since March 2, after certain elements of its results including profit after tax comforted investors despite it posting worse-than-expected earnings.

 

The broader NSE Nifty closed up 1.08 percent at 8,156.65, while the benc

It happened — after weeks of dancing teasingly close to the $50 handle, Brent and WTI crude finally broke above the key mark.

 

 

WTI and Brent Crude oil prices have both broken above $50 for the first time since October 2015 this morning - almost doubling off its Feb 11th 26.05 lows. The immediate catalyst appears to be a combination of inventory drawdowns in US crude, continud US production cuts, and further supply disrupt

Indian shares rose nearly 2 percent on Thursday to post their third session of gains, as Larsen & Toubro surged after upbeat March-quarter results, raising hopes about the domestic economy.

 

The broader NSE Nifty ended 1.7 percent higher at 8,069.65, while the benchmark BSE Sensex rose 1.88 percent to close at 26,366.68.

 

Larsen & Toubro jumped as much as 15 percent to its highest since October 2015. It closed up 14.1 percent.

 

Bajaj Auto gained 0.81 per cent after the tw

The BSE Sensex and NSE Nifty surged over 2 per cent on Wednesday after a private weather forecaster Skymet raised the outlook for the 2016 monsoon amid firm global cues. Sentiments further improved after Citigroup said that India’s GDP growth for the fourth quarter of 2015-16 is likely to improve to 7.8 per cent – the highest pace in six quarters – on account of uptrend in economic activity and favorable base effect. Morgan Stanley also upgraded Indian equities to ‘overweight’ from ‘equalweight’.

 

Sensex clos