Category: Markets

The 50-share NSE Nifty climbed 388.65 points or 1.63% to end at 24,231.30

Wholesale Price Index-based inflation rose sharply to an over 3-year high of 3.88% in March, driven by a sharp spike in rates of fuel, power and manufactured items amid the West Asia crisis

From the 30-Sensex firms, Tata Consultancy Services, HCL Tech, Infosys, Bharti Airtel, Sun Pharma, and Hindustan Unilever were among the major gainers

Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation

IT stocks also outperformed, with the Nifty IT index gaining on the back of rupee movements and defensive buying amid geopolitical uncertainty, as currency weakness supports export-oriented earnings

Comex gold closed well below the psychological $5,000-mark and settled at $4,678.6 by end March, representing a 10.85% fall last month

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 11,163.06 crore on Monday, according to exchange data

The Centre has slashed excise duties on petrol and diesel to protect consumers and rein in a potential spike in inflation, and imposed ‌windfall taxes on aviation fuel and diesel exports

The raise was partly on a lower base as no significant change in the stand-off has been noted and partly a slight emergence of clarity with U.S. President Donald Trump saying that he had had a conversation with Iran

The Sensex settled higher by 633.29 points, or 0.83%, to 76,704.13, while the Nifty also rose sharply by 196.65 points, or 0.83%, to 23,777.80