Market Watch

  • Indian shares ended higher on Thursday after earlier hitting their highest in nearly four months as IT stocks such as Infosys and Tata Consultancy Services recovered after steep fall.
     
    The broader NSE Nifty ended up 0.2 percent at 8,734.25, while the benchmark BSE Sensex closed 0.3 percent higher at 28,226.61.
     
    Both indexes earlier hit their highest since Oct. 6, 2016.
     
     
     
  • Indian shares rose for a second straight session on Wednesday, the first back-to-back gains since the government's shock move to withdraw high-value banknotes from circulation, as Larsen & Toubro Ltd rallied on upbeat quarterly results while drug makers gained after the rupee weakened.
     
    The 30-stock BSE index closed up 0.35 percent at 26,051.81, while the broader NSE index ended 0.39 percent higher at 8,033.30.
     
    After consolidation, the NSE Nifty managed to hold 8000 level for the second consecutive session

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  • Indian shares ended lower on Friday, after fluctuating earlier in the session, as overall sentiment remained dented after U.S. Federal Reserve Chair Janet Yellen signalled an interest rate hike was imminent, while investors back home were worried about the government's move to remove high-value notes.
     
     
    Financials and consumer staples led the declines, with ICICI Bank closing down 1.1 percent, State Bank of India dipped 0.6 pe

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  • The Nifty fell more than 2 percent on Tuesday as market heavyweight Tata Motors slumped after posting weaker-than-expected earnings, and lenders such as ICICI Bank and HDFC Bank declined.
     
    The index closed down 2.26 percent at 8,108.45, and ended below the 200-day moving average, typically a bearish technical signal for the near-term. The benchmark Sensex ended 1.92 percent lower at 26,304.63.
     
    While Tata Motors was one of the main decliners, ending down 9.84 percent, ICICI Bank and HDFC Bank dropped 2.4 percent an

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  • After Government’s decision to scrap Rs 500 and Rs 1000 notes, Reserve Bank of India on Wednesday said that all Banks will remain open on upcoming Saturday and Sunday, i.e. November 11 and November 12. It was speculated that two-day off at banks, followed by a second Saturday, Sunday and Guru Nanak Jayanti will affect the process of exchange of old currency notes badly. 
     
     
    However, Reserve Bank of India issued a stateme

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