ECONOMY ANALYSIS
Sensex ends above 25000, up 214 pts; Infosys, Sesa major gainers
ONGC, BPCL hit record high; LPG, kerosene price hike likely
Piramal acquires stake in Shriram City for Rs 790 cr
IFCI looking to divest stakes in non-core assets: CEO
Reliance Capital rallies 3% on fund raising plans
Rupee gains in range-bound trade against US dollar
MARKET ANALYSIS
The benchmark Sensex created history today by closing above the 25,000
mark for the first time on heavy buying in metal, power and oil & gas
shares by overseas investors, amid expectations the European Central
Bank will unveil an economic stimulus shortly.
The 30-share BSE index after commencing higher, surged further to
breach the 25,000 mark once more. It hit the day's high of 25,044.06,
before settling 213.68 points, or 0.86 per cent higher, at all-time closing
high of 25,019.51.
The rally was powered by shares of metal, oil and gas, power, PSUs,
FMCG and IT.
The gauge has now surpassed its previous closing high of 24,858.59 on
Tuesday. Its intra-day all-time high remains 25,375.63 hit on May 16.
The 50-share NSE Nifty climbed 71.85 points, or 0.97 per cent, to close at
a new peak of 7,474.10, breaching previous record closing high of
7,415.85 on Tuesday. Yesterday, both the Sensex and the Nifty fell.
Sensex ends above 25000, up 214 pts; Infosys, Sesa major gainers
ONGC, BPCL hit record high; LPG, kerosene price hike likely
Piramal acquires stake in Shriram City for Rs 790 cr
IFCI looking to divest stakes in non-core assets: CEO
Reliance Capital rallies 3% on fund raising plans
Rupee gains in range-bound trade against US dollar
MARKET ANALYSIS
The benchmark Sensex created history today by closing above the 25,000
mark for the first time on heavy buying in metal, power and oil & gas
shares by overseas investors, amid expectations the European Central
Bank will unveil an economic stimulus shortly.
The 30-share BSE index after commencing higher, surged further to
breach the 25,000 mark once more. It hit the day's high of 25,044.06,
before settling 213.68 points, or 0.86 per cent higher, at all-time closing
high of 25,019.51.
The rally was powered by shares of metal, oil and gas, power, PSUs,
FMCG and IT.
The gauge has now surpassed its previous closing high of 24,858.59 on
Tuesday. Its intra-day all-time high remains 25,375.63 hit on May 16.
The 50-share NSE Nifty climbed 71.85 points, or 0.97 per cent, to close at
a new peak of 7,474.10, breaching previous record closing high of
7,415.85 on Tuesday. Yesterday, both the Sensex and the Nifty fell.
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