ECONOMY ANALYSIS
Sensex ends up over 300 points; Nifty holds 7550
Reliance Communications likely to launch up to Rs 2,985 crore
share sale
Power Grid up 1%, to invest Rs 5500 cr for upgradation
Bajaj Hindusthan up 10% on FCCB repayment, sugar sops
GAIL, IGL climb 5% on hopes of natural price hike
MARKET ANALYSIS
The S&P BSE Sensex snapped four-day losing streak and closed 337
points up on back of easing crude oil prices and as sentiment turned
bullish on hopes of strong reforms in the Union Budget.
The crude oil prices registered its biggest decline in the last seven weeks
as oil supply concerns from Iraq eased.
The 30-share index ended at 25,368.90, up 337.58 points or 1.35 per cent.
It touched intraday high of 25,414.69 and a low of 25,115.83 in trade
today.
The Nifty closed at 7,580.20, up 86.85 points or 1.16 per cent. It touched
intraday high of 7,593.35 and a low of 7,515.20 in trade today.
The market breadth was positive on the BSE with 2,042 gainers against
9,85 losers.
The foreign institutional investors sold shares worth Rs 214.49 crore while
domestic institutional investors were net buyers worth Rs 117.43 crore on
Monday as per the provisional data from the National Stock Exchange.
Sensex ends up over 300 points; Nifty holds 7550
Reliance Communications likely to launch up to Rs 2,985 crore
share sale
Power Grid up 1%, to invest Rs 5500 cr for upgradation
Bajaj Hindusthan up 10% on FCCB repayment, sugar sops
GAIL, IGL climb 5% on hopes of natural price hike
MARKET ANALYSIS
The S&P BSE Sensex snapped four-day losing streak and closed 337
points up on back of easing crude oil prices and as sentiment turned
bullish on hopes of strong reforms in the Union Budget.
The crude oil prices registered its biggest decline in the last seven weeks
as oil supply concerns from Iraq eased.
The 30-share index ended at 25,368.90, up 337.58 points or 1.35 per cent.
It touched intraday high of 25,414.69 and a low of 25,115.83 in trade
today.
The Nifty closed at 7,580.20, up 86.85 points or 1.16 per cent. It touched
intraday high of 7,593.35 and a low of 7,515.20 in trade today.
The market breadth was positive on the BSE with 2,042 gainers against
9,85 losers.
The foreign institutional investors sold shares worth Rs 214.49 crore while
domestic institutional investors were net buyers worth Rs 117.43 crore on
Monday as per the provisional data from the National Stock Exchange.
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