Sensex rises for 8th straight session; Nifty reclaims 10500

Sensex stages recovery after falling 300 points in early trade

The 30-share index fell by 293.31 points, or 0.85 per cent, to 33,899.34 in opening trade.

The key Indian equity markets traded marginally lower on Monday afternoon weighed on by heightened geo-political tensions in the Middle East, along with broadly negative cues from the Asian markets.

The broader Nifty was trading above 10,400-level at 10,467.90, down 12.70 points, or 0.12 per cent. Intra-day, it hovered between 10,396.35 and 10,540.15.

Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,487.82 crore during the week, as per Sebi's record including the provisional figure of April 13, 2018.

In the Sensex kitty, Hero MotoCorp emerged best performer by surging 2.02 per cent, followed by Kotak Bank 1.88 per cent.

Other major losers in the Nifty50 pack were Tata Motors, Wipro, Axis Bank, ONGC, NTPC, RIL, Dr Reddy's SBI, Bharti Airtel, ICICI Bank, Maruti Suzuki, Asian Paint and Tata Steel, falling by up to 1.54 per cent.

Furthermore, Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19, reported Moneycontrol.

CJ Anderson released by Broncos, should Dolphins sign RB?
Anderson is coming off the best volume season of his career, during which he ran for over 1,000 yards and totaled four touchdowns. As ESPN's Bill Barnwell noted, the path the Broncos took to get to this point with Anderson was rather interesting.

India to get normal monsoon rains in 2018: IMD
Forecast suggests maximum probability for normal rainfall and a low probability for deficient rainfall during the season. As per historical data, the long-period average (LPA) rainfall - between June and September - is 89cm.

Safdar terms firing at Justice Ijazul Ahsan's residence 'cheap tactic'
Initial investigation says one bullet hit the main gate of the house while another bullet spot has been found on kitchen's wall. The TV channel reported that Chief Justice of Pakistan Mian Saqib Nisar has reached the residence of the Supreme Court judge.

Tata Motors Ltd shares declined over 2% after a news report said that Jaguar Land Rover is planning to cut almost 1,000 jobs as it scales back production at some of its United Kingdom sites.

Losses in the market were led by IT stocks which fell tracking selloff in Infosys shares.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 0.88%.

The broader markets too continued to rule firm as investors were seen enlarging their bets, lifting the small-cap index by 0.56 per cent and mid-cap index by 0.34 per cent.

In the Eurozone, Frankfuirt's DAX rose 0.08 per cent but Paris CAC shed 0.03 per cent in their early session.

This is published unedited from the PTI feed.

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