Market Watch
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Sensex ends 364 points up, gains 1,605 points in 3 days; Tata Steel jumps 7.29 pct
03 March 2016 - 06:53 PM
The BSE Sensex and NSE Nifty surged for the third straight day in a row on Thursday as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows.Sensex closed 364 points up at 24606, while Nifty 50 index settled 106.75 points up at 7,475.60. The 30-share index zoomed 1,605 points in the past three trading sessions.The sentiments also remained upbeat after the International Monetary Fund (IMF) projected a robust growth rate of 7.3 per cent for the countryTop reasons why BSE Sensex jumps more than 1200 points in two days??
02 March 2016 - 02:07 PM
Domestic stock markets jumped over 1.9 per cent on Wednesday, with the BSE Sensex soaring over 400 points and the Nifty rising above the key 7,350 levels.
Reasons:1) The post Budget rally has now entered its second day. On Tuesday, the Sensex had notched up its biggest one-day gain in nearly seven years on hopes that the Reserve Bank will ease rates after the government stuck to its fiscalLast week told to buy VRL Logistics; From 310 to 377 giving 21 pct returns
01 March 2016 - 08:45 PM
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Sensex up 777 points on RBI rate cut hopes; Best gain in 2-years; ITC jumps 10 pct
01 March 2016 - 06:31 PM
Indian stock markets jumped 3.4 percent on Tuesday to post their best single-day gain in more than two years as gains throughout Asia and relief about the government's commitment to its fiscal deficit target for the next fiscal year boosted sentiment.The broader Nifty rose 3.37 percent to end at 7,222.30, marking its biggest daily gain since September 2013 when the country was in the midst of its worst currency crisis in more than two decades. It had earlier gained as much as 3.5 percent.Sentiment got a boost with the governmentSensex slumps 152 points; ONGC down 10 pct on tax woes
29 February 2016 - 06:32 PM
Indian stock markets fell on Monday in a volatile session, with energy companies such as Oil and Natural Gas Corp slumping after the government unveiled a higher-than-expected tax in its budget for 2016/17, offsetting hopes for rate cuts that had lifted bonds and the rupee.ONGC fell 10 percent after the government said it would change a tax called the Oil Industries Development Cess on locally produced crude oil from 4,500 rupees per tonne to a higher-than-expected 20 percent of the value of the commodity.
