ECONOMY ANALYSIS
- Sensex, Nifty at highest closing levels; CAD lifts rupee
- Super Six: Top chart picks for February 06
- India is the most difficult country to do business: Study
- Nifty to reach 6500 on pre-election rally: Edelweiss
- Lok Sabha polls from Apr 7-May 12, result on May 16
- Karnataka miners to get interest on e-auction dues
- India economy to grow at 5.6% in 2014-15: India Ratings
MARKET ANALYSIS
- MUMBAI: The rally in the Indian markets in the last 10 days has taken most market men by a surprise. The Nifty has reclaimed its 6,400 levels for the time since December 9, 2013.
- FIIs, who had turned net sellers in Indian markets on concerns of tapering in the US and slow-down in China, are back with bang. They have been net buyers in cash segment as well as in index futures for the last 14 consecutive sessions. FIIs bought more than Rs 2,300 crore in Nifty Index futures and Rs 2,200 crore in the cash market in last four sessions alone.
- "India is moving into a very sweet spot where the export owners will still have a very good gearing in 2014 with the strengthening global economy and a competitive currency," said Adrian Mowat, Chief EM & Asian Equity Strategist, JPMorgan in an interview to ET Now.
- According to Prakash Diwan, Director, Altamount Capital Management, the market is ecstatic on hopes that the NDA government will come to power after elections as suggested by opinion polls.
MARKET INDICES
INDIAN MARKET
|
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
|
SENSEX
|
21513.87
|
237.01
|
1.11%
|
|
NIFTY
|
6401.15
|
72.50
|
1.15%
|
|
BANK NIFTY
|
11278.35
|
179.55
|
1.62%
|
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