Benchmark indices ended in the green on Tuesday after retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November. The 30-share BSE Sensex climbed 402.73 points or 0.65 per cent to settle at 62,533.30. During the day, it jumped 437.35 points or 0.70 per cent to 62,567.92. The broader NSE Nifty advanced 110.85 points or 0.60 per cent to end at 18,608.
Beijing on Monday began mass COVID-19 testing of over 3.5 million people in one of the city's high-profile districts following a spike in cases, while Shanghai reported a record 51 deaths in a day as the eastern metropolis continued to grapple with the Omicron variant for the fourth week.
The Sensex ended over 51 points lower on Monday while the Nifty settled flat amid a weak trend in global markets and continuous foreign fund outflows. Markets are awaiting the November inflation data to be announced later in the day, traders said. The 30-share BSE Sensex declined 51.10 points or 0.08 per cent to settle at 62,130.57. During the day, it tumbled 505.52 points or 0.81 per cent to 61,676.15. The broader NSE Nifty ended at 18,497.15, marginally higher by 0.55 points.
Mike Pompeo has said that among the dozens of world leaders he met as the United States Secretary of State he found the 'most unpleasant' was Chinese President Xi Jinping, who threatened to stop sending PPE kits to America if it kept asking for accountability from Beijing on COVID-19.
In his fresh directive, Xi said that more targeted patriotic health campaigns should be conducted as the country's COVID-19 epidemic prevention and control faces new situations and new tasks.
The move comes in the backdrop of a Radio Free Asia report that nearly 250 million people in China may have been affected by COVID-19 in just 20 days after the 'zero-COVID policy' was diluted in the first week of the month.
"Reports of PM Modi not meeting Putin due to nuclear threat is baseless. The meeting is not taking place due to scheduling issues," sources told ANI.
Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. Besides, rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67.
China on Monday reported the first fatalities in Shanghai due to the ongoing COVID-19 surge in the city where the Omicron variant continues to paralyse the country's business hub of 26 million people.
People across the nation have been carrying out protests demanding the resignation of Xi Jinping over his strict COVID-19 measures.
Benchmark BSE Sensex rose by 160 points on Thursday in choppy trade following gains in select banking and auto counters amid mixed global cues. The 30-share index gained 160 points to settle at 62,570.68 as 13 of its components advanced while 17 declined. The barometer opened lower but later gained momentum to touch a high of 62,633.56 in the day's trade.
Apart from Shanghai, 15 other provincial-level regions on the mainland saw new local Covid cases .
Equity benchmark Sensex declined over 215 points on Wednesday, weighed by losses in index heavyweight Reliance Industries, Bajaj Finserv and Tata Steel, after the Reserve Bank raised the key interest rate by 35 basis points. Subdued Asian markets and continued selling by foreign investors also weighed on sentiment, traders said. Extending its losses for the fourth straight session, the 30-share BSE Sensex ended 215.68 points or 0.34 per cent lower at 62,410.68.
Benchmark indices ended the day in the negative territory on Tuesday amid weak global market trends and rising crude prices. Falling for the third day running, the 30-share BSE benchmark ended 208.24 points or 0.33 per cent lower at 62,626.36. During the day, it tumbled 444.53 points or 0.70 per cent to 62,390.07.
However, Beijing residents will still require a negative Covid-19 test taken within 48 hours to enter restaurants, schools, bars, internet cafes, indoor gaming stadiums, nursing homes, welfare facilities, hospitals and medical institutions.
Foreign ministry spokesperson Mao Ning went on the offensive saying "we do not believe the entry restriction measures some countries have taken against China are science-based".
Equity benchmark indices ended on a flat note on Monday, with the BSE Sensex falling nearly 34 points, recording its second day of decline after an eight-day rally. In a volatile trade, the 30-share BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60. During the day, it fell 360.62 points or 0.57 per cent to 62,507.88.
Notably, India has been calling for dialogue and diplomacy since the war began between Russia and Ukraine.
The average age of those who died was 80.3, and 90 per cent of the fatalities were aged 65 or over, the Hong Kong-based South China Morning Post reported.
The cancellation came as no surprise, with the race recognised as being uncertain by Formula One chief executive Stefano Domenicali in a Liberty Media third-quarter earnings call with analysts this month.
Equity benchmark indices ended lower on Friday, halting their eight-day rally, amid a weak trend in global markets and emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points or 0.66 per cent to settle at 62,868.50. During the day, it tanked 604.56 points or 0.95 per cent to 62,679.63.
The phone conversation came days after it emerged that Modi will not be travelling to Russia for the annual India-Russia summit this year.
Benchmark indices rallied for the eighth day running on Thursday, ending at fresh record closing highs, amid firm global market trends and continuous foreign fund inflows. Buying in IT counters also added to the momentum.
Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely positive trend in global markets and continuous foreign fund inflows.
Shanghai's single-day infection numbers also beat China's previous all-time high of 13,436 cases recorded in Wuhan on February 12, 2020, where the coronavirus outbreak first emerged.
The Sensex and Nifty ended at fresh lifetime peaks on Tuesday amid a largely firm trend in other Asian markets and continuous foreign fund inflows. The 30-share BSE Sensex gained 177.04 points or 0.28 per cent to settle at 62,681.84, its fresh record closing high. During the day, it jumped 382.6 points or 0.61 per cent to its lifetime intra-day peak of 62,887.40.
Shanghai on Monday reported 425 confirmed and 8,581 asymptomatic domestically transmitted cases, the highest daily increases since the latest outbreak, bringing the total number of COVID-19 infections in the city to over 60,000.
Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries. Rallying for the fifth day in a row, the 30-share BSE Sensex climbed 211.16 points or 0.34 per cent to settle at 62,504.80, its fresh record closing high. During the day, it jumped 407.76 points or 0.65 per cent to its lifetime intra-day peak of 62,701.40.
Beijing and many Chinese cities are seeing unprecedented protests against Xi Jinping and his strict zero-Covid policy.
Officials said 387 passengers were aboard two flights from Toronto and Singapore on the day the country ended its strict COVID-19 restrictions for travellers.
Equity benchmarks settled at record highs on Friday, rallying for the fourth day running, helped by intense buying in index majors Reliance Industries, Wipro and Maruti. In a largely range-bound trade, the 30-share BSE Sensex climbed 20.96 points or 0.03 per cent to settle at 62,293.64, its fresh record closing high. During the day, it jumped 175.05 points or 0.28 per cent to 62,447.73 -- its lifetime intra-day peak.
The latest number broke the previous record set on April 13, when the cases hit 29, 317.
The Chinese government on Saturday ordered the release of people detained over a host of coronavirus-related incidents, a day ahead of Beijing's plan to scrap its three-year-old stringently implemented zero-Covid policy.
China reported 17,166 asymptomatic cases with a majority of them in Shanghai, China's business hub of 26 million.
Equity benchmark BSE Sensex closed at an all-time high of 62,272.68 on Thursday, tracking a firm trend in global markets after the US Fed minutes indicated a slower pace of rate increase that bolstered investors' sentiment. Extending its rally to the third straight day, the 30-share BSE benchmark rallied 762.10 points or 1.24 per cent to settle at 62,272.68, its record closing peak. During the day, it jumped 901.75 points or 1.46 per cent to its lifetime high of 62,412.33.he broader NSE Nifty gained 216.85 points or 1.19 per cent to end at 18,484.10.
Equity benchmarks ended higher on Wednesday amid buying in banking counters and a firm trend in global markets. Continuing its previous day rally, the 30-share BSE Sensex climbed 91.62 points or 0.15 per cent to settle at 61,510.58. During the day, it jumped 361.94 points or 0.58 per cent to 61,780.90. The broader NSE Nifty gained 23.05 points or 0.13 per cent to end at 18,267.25.
Equity indices staged a pullback on Tuesday after three days of declines as investors scooped up IT, metal and consumption stocks amid a largely positive trend overseas. A recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex climbed 274.12 points or 0.45 per cent to settle at 61,418.96.
Wang Guangfa, a respiratory expert from Peking University First Hospital, warned that Beijing may experience a spike in severe COVID-19 cases over the next fortnight.
It is certain that the Chinese government was 'under-prepared' as it decided to end its zero-COVID policy abruptly after people held protests across the country, The Hong Kong Post reported.
Market benchmarks fell for third day running on Monday and ended nearly 1 per cent lower amid weak trend in global equities. The 30-share BSE Sensex declined 518.64 points or 0.84 per cent to settle at 61,144.84. During the day, it tumbled 604.15 points or 0.97 per cent to 61,059.33.
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