India stocks News

Tech Mahindra, Mahindra and Mahindra, Britannia, Infosys, and Adani Enterprises were the top five movers and Indusind Bank, ONGC, Asian Paints, Bajaj Auto, and Tata Steel were the top five losers among the Nifty 50 stocks, NSE data showed. 

Private sector lender Kotak Mahindra Bank on Thursday said it will raise up to Rs 5,000 crore by issuing bonds.

The 30-share index ended higher by 481.16 points or 1.91 per cent at 25,626.75 -- its highest closing since January 1.

The post-Budget rally in the stock market in March helped the BSE benchmark Sensex surge over 10 percent, making investors richer by more than Rs 8.91 lakh crore.

The benchmark BSE Sensex fell by over 188 points in early trade today due to profit-booking by investors after recent gains amid a lacklustre trade in Asia.

Key Indian equity indices opened lower on Wednesday and skid further on weak Asian cues.

The 30-share barometer was down by 156.11 points or 0.57 percent to 27,097.33 in early trade.

A late surge in frontline blue- chips including interest rate sensitive stocks steered the benchmark Nifty to retrace the significant 8,700-level on the National Stock Exchange (NSE).

The cumulative number of preferential issues stood at 293 for April-October 2014, 42 issues more than what was witnessed in the preceding period.

Some of the other factors that are likely to impact stock market movement include, trend in global equity markets and investment activity of foreign institutional investors.

The exchange had recorded trades amounting to about Rs 50 lakh crore, during the April-October period in fiscal 2013-14.

HSBC on Monday said it is "overweight" on India and the government's reform momentum is likely to drive positive news flow for the market.

Meanwhile, in the stock market the benchmark Sensex settled at 26,995.87, down 61.54 points.

HSBC sticks to its "neutral" weighting on India.