Economy Analysis
- Sensex takes breather; BHEL up 4%, IT slips on strong rupee
- Nifty to hit 6900 on favourable poll result; cyclicals to lead: UBS
- Promoters hike stake by 4-4.5%, may up further: Sintex
- See 20% growth in summer sales: Blue Star
- See incremental revenues from Parbati-III in FY15: NHPC
- 'Cannibalization between AirAsia, SIA Tata's problem'
- Tata Power's Rs 2,000 crore rights issue to open on Mar 31
- FTIL sells 5 pc stake in IEX for Rs 72.89 cr
Market Analysis
- MUMBAI: The BSE benchmark Sensex today ended flat, while NSE Nifty rose to a fresh high of 6,595.55 points with foreign funds buying banking stocks even as refinery shares plunged.
- The 30-share Sensex, which climbed to all-time high in the previous session, was volatile before ending 0.27 points lower at 22,055.21.
- The key index hit a record intra-day high of 22,079.96 with State Bank of IndiaBSE 0.90 % and ICICI BankBSE 0.82 % extending gains.
- The National Stock Exchange index, Nifty, surged to a fresh high of 6,589.75 by adding 6.25 points.
- Brokers said the market sentiment was low as stocks of oil producers, led by Reliance IndustriesBSE -2.87 %, slumped after the Election Commission asked the government to defer a planned hike in gas prices that was to come into effect from April 1.
- Reliance Industries, InfosysBSE -0.69 %, GAIL and ONGC were down, while were SBI, ICICI Bank, Housing Development Finace Corporation, BHELBSE 4.41 %, Coal India, Hero MotoCorpBSE 3.20 %, Hindustan UnileverBSE 1.73 and Tata Steel supported markets.
MAJOR INDICES
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
22055.21
|
-0.27
|
-
|
NIFTY
|
6589.75
|
0.09
|
6.25
|
BANK NIFTY
|
12450.00
|
41.85
|
0.34
|
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