ECONOMY ANALYSIS
- Sensex up 300 pts to end at life high of 22055; banks lead
- Focus on stocks than index; overweight on PSBs: Quantum Sec
- See 2-3% more upside in Indian mkt: Richard Gibbs
- Sensex up 300 pts to end at life high of 22055; banks lead
- Check out: Which business expenses are non-taxable
- Sanjay Dutt underweight on IT sector
- Nokia says now expects Devices sale to close in April
- BJP manifesto to release only after Congress' agenda
MARKET ANALYSIS
- MUMBAI: Continuing its record-setting spree, the benchmark Sensex today hit a new lifetime high and gained 300 points to end above 22,000-level for the first time as foreign funds bought bluechips led by interest-rate sensitive shares on hopes RBI will hold rates in its upcoming review.
- The BSE Sensex climbed to hit a new intra-day peak of 22,074.34 on the back fo heavy buying. It also ended at a record closing of 22,055.48, up 300.16 points, or 1.38 per cent. Its previous closing peak was 21,934.83 on March 10 while its intra-day peak was 22,040.72 set on March 18, 2014.
- GAILBSE 4.81 % and ONGCBSE 4.27 % with over 4 per cent gain each led the 24 losers in 30-share Sensex. Major supporters were RILBSE 1.83 %, ITCBSE 1.11 %, ICICI BankBSE 3.71 %, SBIBSE 1.35 %, Hero MotoCorpBSE 2.48 %, Hindustan UnileverBSE 1.62 % and TCSBSE 1.26 %.
- Nine out of 12 BSE sectoral indices ended in the green. Banking, oil & gas, metal and auto shares notched up smart rise. Consumer durables, IT and healthcare, however, fell.
MAJOR INDICES
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
22055.48
|
300.16
|
1.38
|
NIFTY
|
6583.50
|
88.60
|
1.36
|
BANK NIFTY
|
12408.15
|
332.35
|
2.75
|
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