ECONOMY ANALYSIS
Sensex ends up 331 pts, Nifty above 7600; infra, banks support
Idea Cellular up 5% as MSCI raises weightage to 0.8%
Rupee nears 2-month low against US dollar on Iraq conflict
Primary mkt to absorb 50% of FII flows: Kotak Investment
Indian IT cos can manage rupee volatility: Ex HCL CEO Nayar
Sebi board to mull primary market reforms on June 19
MARKET ANALYSIS
The Indian equities markets and other commodities such as gold and crude
oil have temporarily stopped reacting to on-going violence in Iraq. The
market is not perturbed as the insurgency may not last long and oil supply
will not be disrupted, say analysts.
The stunning emergence of ISIS and violence has forced the US
government to deploy several hundred armed troops in and around Iraq.
Upto 275 troops, who are equipped for 'direct fighting' are being sent to
the US embassy, say reports.
Equities: Indian equities are likely to tide over Iraq crisis and the
consolidation is expected to be a brief one, say analysts. The crisis will
force the government to come out with an aggressive budget and that will
be good for the market, they say
The S&P BSE Sensex ended at 25,521.19, up 330.71 points or 1.31 per
cent. It touched a high of 25,545.88 and a low of 25,104.50 in trade today.
Sensex ends up 331 pts, Nifty above 7600; infra, banks support
Idea Cellular up 5% as MSCI raises weightage to 0.8%
Rupee nears 2-month low against US dollar on Iraq conflict
Primary mkt to absorb 50% of FII flows: Kotak Investment
Indian IT cos can manage rupee volatility: Ex HCL CEO Nayar
Sebi board to mull primary market reforms on June 19
MARKET ANALYSIS
The Indian equities markets and other commodities such as gold and crude
oil have temporarily stopped reacting to on-going violence in Iraq. The
market is not perturbed as the insurgency may not last long and oil supply
will not be disrupted, say analysts.
The stunning emergence of ISIS and violence has forced the US
government to deploy several hundred armed troops in and around Iraq.
Upto 275 troops, who are equipped for 'direct fighting' are being sent to
the US embassy, say reports.
Equities: Indian equities are likely to tide over Iraq crisis and the
consolidation is expected to be a brief one, say analysts. The crisis will
force the government to come out with an aggressive budget and that will
be good for the market, they say
The S&P BSE Sensex ended at 25,521.19, up 330.71 points or 1.31 per
cent. It touched a high of 25,545.88 and a low of 25,104.50 in trade today.
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