Buoyed by forecast of a normal monsoon and shrugging off weak trend in global markets, the benchmark BSE Sensex rose over 54 points in opening trade on Wednesday after investors took to select stock-picking. The 30-share barometer was trading higher by 54.45 points, or 0.18%, at 29,373.55 with IT, power, technology, healthcare and FMCG sector stocks leading the recovery.

India stock bulls, beware. A stronger currency could spoil the party. A further advance in the rupee to 62 per dollar in the year to March 2018 could shave four percent off the NSE Nifty 50 Index’s earnings growth, according to Edelweiss Securities Ltd.

Nifty companies are vulnerable to foreign currency swings because nearly half the index’s profits are linked to the global economy through exports, overseas subsidiaries and commodity prices, the brokerage said in a note dated April 17.

NSE Nifty reclaims the psychological 9,200-mark and BSE benchmark Sensex soared about 267 points in early trade, triggered by across-the-board buying amid mixed overseas cues.

Investors appeared optimistic ahead of quarterly earnings of some key companies, including IT major TCS which is scheduled to release its results later in the day.

Geo-political issues continued to dominate the scene as the Sensex slipped over 88 points in early part on Monday, mirroring global losses.

The weakness remained for the third session as the 30-share index fell 88.32 points, or 0.30%, to 29,373.13. Much of the softness came from metal, IT, FMCG, technology and auto.

Mumbai: Top stock exchanges National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will discontinue equity as well as equity derivative trading in the security of Cairn India from 26 April, as the cash-rich oil producer has merged into its debt-ridden parent Vedanta.

Under the merger deal, shareholders of Cairn India will get one equity share of Vedanta and four redeemable preference shares of face value Rs10 and coupon 7.5%.

The benchmark BSE Sensex fell over 73 points and the NSE Nifty dipped below the 9,200-mark in early trade today as investors indulged in cutting down their bets on disappointing macroeconomic data and weak trend in Asian markets.

Moreover, lower-than-expected January-March earnings posted by the country's second-largest software services company Infosys also dampened trading sentiment.

Indian shares fell on Wednesday, heading for the fourth session of fall in five, as investors exercised caution ahead of the start of the earnings season, while sentiment was also hit by geopolitical concerns. After hitting a record high of 9,273.90 points last week, the broader NSE index has fallen about 0.9 percent as investors wait for corporate results, with Infosys Ltd due to report on Thursday.

Global markets have also been under pressure over North Korea and Syria tensions, further sapping sentiment.

The BSE benchmark Sensex recovered 155 points to quote at 29,787 in post noon trade as fresh buying by investors led to widespread gains ahead of the earnings season.

Domestic bourses bucked the weak trend witnessed in most of the Asian markets.

The quarterly earnings due to start this week provided markets a crucial leg-up today as the Sensex recouped 125 points and the Nifty topped 9,200 again amid a mixed Asian scenario.

However, a sense of caution ahead of key economic data kept mood tempered. The 30-share index traded up by 124.71 points, or 0.41%, at 29,831.32, as all indices led by oil and gas, PSU and capital goods came good, rising by up to 1.34%.

Stocks: The S&P BSE benchmark sensex failed to maintain 30K level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria. In this week, major indices trimmed their gains due to weak global cues. The Sensex and the Nifty gave up majority of the week’s gains after the news of U.S. striking Syria came out on Friday. Heavy distribution was observed in the final trading session of the week which shrunk the gains accumulated from the first two sessions.

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