ECONOMY ANALYSIS
- Nifty at higher-ever closing level on F&O expiry; SBI leads
- See 5-10% upside in Indian mkt in near-term: Credit Suisse
- ONGC falls 2%, stock quotes ex-dividend today
- India Cements falls 2% on SC proposals in IPL scam probe
- Lupin eyes Brazil after Mexico-Lab Grin acquisition: MD
- Deutsche Bank says rally in mid caps can last; picks 7 bets
- Companies Act 2013: 183 sections notified
- Economists not very optimistic about growth in 2014-15
MARKET ANALYSIS
- NEW DELHI: The S&P BSE Sensex has galloped a little over 5 per cent, or over 1,000 points, so far in the month of March, supported by strong buying by foreign institutional investors.
- Overseas investors - betting big on the BJP-led government, headed by Narendra Modi at the Centre - have purchased net Rs 11,716 crore worth of stocks so far in 2014 as per recent data.
- They had invested net Rs 1,404 crore in equities in February, and Rs 714 crore in stocks in January, PTI said in a report.
- Following the momentum, the BSE Sensex index rallied nearly 200 points to hit its fresh record intraday high of 22,307.74, while the Nifty rose 69 points to hit a fresh high of 6,673.95. The BSE Sensex finally ended the day at 22,214.37; up 119.07 points, or 0.54%.
- The S&P BSE mid cap index closed at 6,909.67; up 41.60 points, or 0.61%. The small cap index ended the day at 6,916.50; up 68.11 points, or 0.99%. IT index was a loser in today's rallying market. It shed 0.01%.
MARKET INDICES
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
22214.37
|
119.07
|
0.54
|
NIFTY
|
6641.75
|
40.35
|
0.61
|
BANK NIFTY
|
12604.95
|
86.60
|
0.69
|
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