<div style="float: left;">
		<img align="" alt="Mutual funds drive markets to lifetime highs" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-10/18/full/1508350647-5061.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="trading, market, broker," width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		Shares of Nestle India surged 3.5 per cent and hit a new high of Rs 17,925 on the BSE during the day.</div></div>

Mutual funds drive markets to lifetime highs

trading, market, broker,

<div>
	The benchmark indices pared gains but still managed to settle in the positive territory on Thursday amid buying in financial stocks such as ICICI Bank, HDFC Bank, HDFC, and SBI.</div>
<br />
<div>
	The S&P BSE Sensex gained 223 points or 0.73 per cent to end at 30,602.61 while NSE&#39;s benchmark index Nifty settled just shy of 9,000 level - at 8,992.80, up 67.5 points or 0.76 per cent. During the day, however, the index reclaimed the crucial level.&nbsp; Volatility index, India VIX, declined&nbsp;7.65 per cent to&nbsp;45.9275 levels.&nbsp;<br />
	<br />
	In the broader market, the&nbsp;S&P BSE MidCap gained 1.42 per cent to end at&nbsp;11,578.31, thus outperforming the benchmark indices. The S&P BSE SmallCap index rose 1.71 per cent to 10,543.65 levels.&nbsp;<br />
	<br />
	Sectorally, barring Nifty IT and Nifty FMCG, all the sectoral indices on the NSE ended in the green. IT stocks tumbled after Wipro posted muted numbers for the <strong><a href="https://www.business-standard.com/article/markets/it-stocks-slide-post-wipro-s-weak-q4-show-tcs-slips-2-ahead-of-results-120041600285_1.html" target="_blank">quarter ended March 31, 2020</a></strong>. The Nifty IT index settled around 2 per cent lower at&nbsp;12,463.60 levels.&nbsp;<br />
	<br />
	<strong>BUZZING STOCKS</strong><br />
	<br />
	Shares of Nestle India surged 3.5 per cent and hit a new high of Rs 17,925 on the BSE with its market capitalisation crossing Rs 1.7 trillion-mark on the BSE. The fast moving consumer goods (FMCG) company surpassed its previous high of Rs 17,521 hit on April 8, 2020. The stock settled at Rs&nbsp;17,873.45, up over 3 per cent. <a href="https://www.business-standard.com/article/markets/nestle-india-hits-new-high-stock-rallies-38-in-4-weeks-120041600615_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	Shares of Biocon jumped 5 per cent to Rs 353 on the BSE after the company&rsquo;s biologics manufacturing facilities in Bengaluru received the Establishment Inspection Report (EIR) from the US health regulator. It ended the day at Rs&nbsp;349.85, up nearly 4 per cent. <a href="https://www.business-standard.com/article/markets/biocon-gains-5-as-two-bengaluru-facilities-gets-eir-from-usfda-120041600263_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	Shares of Larsen & Toubro (L&T) continued their northward march for the seventh straight day, up 4.5 per cent at Rs 920 on the BSE after the company said its heavy engineering arm has won &lsquo;significant&rsquo; contracts in the January-March quarter (Q4FY20). <a href="https://www.business-standard.com/article/markets/larsen-toubro-gains-for-seventh-straight-day-stock-up-19-in-2-weeks-120041600440_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	<div>
		<strong>Global Markets&nbsp;</strong></div>
	<br />
	<div>
		Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers.&nbsp;</div>
	<br />
	<div>
		The International Monetary Fund is predicting zero growth in Asia this year for the first time in 60 years, as exporters are pounded by slumping demand and anti-virus measures force consumers to stay home and shops to shut down. Benchmark indexes in Australia, Hong Kong and Shanghai also posted falls between 0.4% and 1.3% and some emerging markets fell harder.</div>
	<br />
	<div>
		In the commodity market, oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in US inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.</div>
	<br />
	<div>
		Brent crude was down 19 cents, or 0.7 per cent, at $27.50 a barrel while WTI was up 7 cents, or 0.4 per cent, at $19.94.</div>
	<br />
	<div>
		<strong><em>(With inputs from Reuters)</em></strong></div>
</div>
<br />

MARKET WRAP: Sensex gains 223 pts as banks rally; Nifty settles at 8,993

Business Standard

MARKET WRAP: Sensex gains 223 pts as banks rally; Nifty settles at 8,993 | News on Markets - Business Standard

<div>
	<strong>Market witnessed sharp profit booking at higher level; Nifty facing stiff resistance at 9,200</strong></div>
<div>
	&nbsp;</div>
<div>
	Indian market traded with negative sentiments in second half of Wednesday&#39;s session due to weaker global cues, which triggered selling pressure in broader indices. Nifty managed to close at 8,925.30, slashing 68.55 points. FMCG, realty and media sectors traded with positive sentiments whereas financial services and private banks closed in the red. Nifty bank closed at 19,057, slashing 431 points from the previous day&rsquo;s closing. <a href="https://www.business-standard.com/article/markets/nifty-strength-only-above-9-000-level-capitalvia-global-research-120041600174_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-03/02/full/1583089916-6051.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
</div>
<div>
	&nbsp;</div>

<a href="https://www1.nseindia.com/products/content/equities/equities/bulk.htm" target="_blank"><em><strong>Click here for full list</strong></em></a><br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15870065444962.jpg

<a href="https://www.bseindia.com/markets/equity/EQReports/bulk_deals.aspx" target="_blank"><em><strong>Click here for complete list</strong></em></a><br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1587006406805.jpg

FII/FPI & DII trading activity on NSE, BSE and MSEI

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15870062366068.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15870059699402.jpg

Oil bounces back as rising stockpiles seen pointing to lower output amid coronavirus

&gt;&gt;&nbsp;Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.<br />
<br />
&gt;&gt; Brent crude was up 69 cents, or 2.5%, at $28.38 a barrel. US West Texas Intermediate (WTI) was up 56 cents, or 2.8%, at $20.43.
<div>
	&nbsp;</div>
<div>
	Alert: With official data showing US inventories surging the most on record, WTI fell on Wednesday to its lowest since February 2002, with Brent slumping more than 6%.<br />
	<br />
	<em>(Via Reuters)</em><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-01/10/full/1578600560-9477.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
</div>
<br />

SGX Nifty indicates at weak start for markets

&gt;&gt; At 8:21 am, the index was at&nbsp;8,872.75 level, down 0.64 per cent.<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" height="446" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-02/12/full/1518432183-1644.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
<br />

Asian Stocks slide as dire economic outlook weighs

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15870054134373.jpg

Wall Street falls on dour economic data, corporate earnings

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15870052712023.jpg

Good morning!<br />
<br />
Welcome to the Business Standard live blog.<br />
<br />
Catch all the live market updates here.

MARKET WRAP: Sensex gains 223 pts as banks rally; Nifty settles at 8,993

All that happened in the markets today

'Nifty strength only above 9,000 level'

Bulk deals on NSE as on Wednesday

Bulk deals on BSE as on Wednesday

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee check

Oil bounces back as rising stockpiles seen pointing to lower output amid coronavirus

SGX Nifty indicates at weak start for markets

Asian Stocks slide as dire economic outlook weighs

Wall Street falls on dour economic data, corporate earnings