ECONOMY ANALYSIS
- Nifty conquers 6700 led by PSU banks; rupee gains past 60/$
- Indian market has run ahead of itself: Credit Suisse
- Ministry of Power extends tenure on NHPC's directors
- Mindtree to consider third interim dividend & final dividend
- RBI Policy: Brokerages expect extended pause on key rates
- CIMB busts rural growth myth; sees FMCG revival in FY16
- Approved CDR cases worth Rs 90k cr so far: IDBI Bank
- RBI Policy: Brokerages expect extended pause on key rates
MARKET ANALYSIS
- NEW DELHI: The S&P BSE Sensex rallied nearly 150 points in trade on Friday to hit its fresh record high of 22,363.97, supported by strong buying seen in banks, power and metal stocks.
- Tracking the momentum as much as 159 stocks hit fresh 52-week high on the Bombay Stock Exchange, which includes stocks like ACCBSE 0.09 %, Hero MotoCorpBSE 0.09 %, Hindalco IndustriesBSE 4.07 %, Siemens, UltraTechBSE 3.94 % Cements, Siemens etc
- The Indian rupee also edged higher tracking gains in equity markets. The currency rose to its fresh eight month high and breached important resistance of 60 per dollar. The partially convertible rupee was at 59.98, up 33 paise or 0.54 per cent, against its previous close.
- The 50-share index ended at all-time closing high of 6,695.90, up 54.15 points or 0.82 per cent. It touched an all-time high of 6,702.60 and a low of 6,643.80 in trade today.
- "The broader market will keep doing well. We have been constructive on India for a while and we think that the earnings growth for the broader index will stay at 7-8 per cent," he added.
MAJOR INDICES
INDIAN MARKET
|
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
|
SENSEX
|
22339.97
|
125.60
|
0.57
|
|
NIFTY
|
6695.90
|
54.15
|
0.82
|
|
BANK NIFTY
|
12754.70
|
149.75
|
1.19
|
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