Sensex rises for 8th straight session; Nifty reclaims 10500

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United States stocks fell last Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market. Its stock was one of the biggest contributors to the losses in the Sensex pack.

Key equity indices Nifty50 and Sensex extended their gains for the eighth consecutive session on Monday, the longest winning streak since November 2017, buoyed by gains in the select bank, financial, FMCG, IT and auto stocks.

Centre tells SC verdict on SC/ST Act resulted in 'great damage'
It held that a public servant can only be arrested after approval of the appointing authority. We hope the Supreme Court will take note of the fact that the SC/ST act is a special law.

Besides, reflecting further improvement in the economic situation, industrial production grew by a healthy 7.1% in February while the key retail inflation slipped to a five-month low of 4.28% in March, official data showed on Thursday.

The BSE market breadth was bearish with 1,445 declines and 982 advances. The broader Nifty too, opened below a milestone mark - that of 10,400 as it opened 80 points in the red, but had pared nearly the entire loss in morning trade. EMini futures for the S&P 500 nudged up 0.38 percent, while Japan's Nikkei added 0.2 percent.

Malaysia's IHH Healthcare tops Manipal Hospital's bid for Fortis
Shares of FORTIS HEALTHCARE LTD . was last trading in BSE at Rs.151.95 as compared to the previous close of Rs. 153.8. Intra-day, the stock rose by 4.63 per cent to Rs 154.50.

The BSE's Sensex ended 112.78 points higher at 34,305.43, while Nifty edged marginally above 10,500 to trade at 10,528.35.

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.

Russia: Syria chemical attack 'fabrication by foreign power'
A fact-finding mission from the Organization for the Prohibition of Chemical Weapons is expected to arrive in Douma on Saturday. Wednesday: Russia's Foreign Minister Sergei Lavrov said Russian military inspectors found no evidence of a chemical attack.

Infosys share price tanked sharply, slipping 6 per cent after the company reported 28.2 per cent fall in net profit at Rs 3,690 crore in Q4 on consolidated basis, in-line with expectations, as against Rs 5,129 crore reported in the December quarter of FY18.

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