ECONOMY ANALYSIS
- Global cues lift Sensex 85 pts; banks lead, Tata Steel slips 4%
- Still far away from a rate reduction cycle: ICICI Bank
- Tata Steel slips 3% on net debt woes; brokerages mixed
- Railway Minister to announce several new trains on Feb 12
- China is now cheaper than Turkey
- Piramal, Canada's CPPIB form $500m realty investment fund
- Tax case: Vodafone may move high court for interim stay
MARKET ANALYSIS
- MUMBAI: The benchmark Sensex today rose 85.12 points, logging its best gain in three weeks, to end at 20,448.49 buoyed by jump in bluechips like ICICI Bank, RIL and L&T ahead of industrial output and retail inflation data.
- After gaining 29.10 points in the previous session, the Sensex advanced for the second day. Intra-day, it traded in a narrow range of 20,427.23 and 20,516.60. Today's gain was the highest since the 86.55-point increase on January 22, 2014.
- ICICI Bank (3.11 per cent), GAIL (2.57 per cent) and ONGC (2.50 per cent) led the 17 gainers in 30-share BSE index.
- RIL rose 1.48 per cent after shedding about two per cent yesterday after Delhi government said police complaints would be filed against RIL, its Chairman Mukesh Ambani and Oil Minister Veerappa Moily for creating an artificial shortage of gas in the country and raising prices.
- Capital goods scrips, including L&T, also saw buying. The 50-share NSE Nifty rose 21.30 points, or 0.35 per cent, to end at 6,084.
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
20448.49
|
85.15
|
0.42
|
NIFTY
|
6084.00
|
21.30
|
0.35
|
BANK NIFTY
|
10348.80
|
103.35
|
1.01
|
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