ECONOMY ANALYSIS
Nifty ends above 7600, Sensex up 314 pts; banks, oil lead
BSE moves 300 stocks to trade-to-trade segment
Sun Pharma at record high as Taro gains 17% post price hike
Union Bank surges 6%, shareholders' approval for QIP
NBFCs should not be seen as shadow banking: Muthoot
FDI hike key for core defence technology: BEL
MARKET ANALYSIS
After a higher start, the 30-share BSE index rallied to to touch intra-day
high of 25,460.96 before settling at nearly two-week high of 25,413.78,
clocking a rise of 313.86 points, or 1.25 per cent. Of 30 Sensex scrips, 24
scrips rose.
The gauge had gained 37.25 points on Friday. For the quarter ended June
30, the Sensex rose 3,027.51 points or 13.5 per cent on the
The BSE index gained about 1,196 points in June month. Brokers said
besides easing global crude oil prices as fears of supply disruption from
Iraq receded, expectations that the reform measures in the next week's
Union Budget will boost the country's economic growth, bolstered
sentiments.
"Volatility and profit booking is visible ahead of upcoming Budget for
2014-15," said Rakesh Goyal,Senior Vice President,Bonanza Portfolio.
The 50-share Nifty of the National Stock Exchange reclaimed the crucial
7,600 mark by rising 102.55 points, or 1.37 per cent, to close at 7,611.35.
It touched a high of 7,623.65 and a low of 7,531.60.
Nifty ends above 7600, Sensex up 314 pts; banks, oil lead
BSE moves 300 stocks to trade-to-trade segment
Sun Pharma at record high as Taro gains 17% post price hike
Union Bank surges 6%, shareholders' approval for QIP
NBFCs should not be seen as shadow banking: Muthoot
FDI hike key for core defence technology: BEL
MARKET ANALYSIS
After a higher start, the 30-share BSE index rallied to to touch intra-day
high of 25,460.96 before settling at nearly two-week high of 25,413.78,
clocking a rise of 313.86 points, or 1.25 per cent. Of 30 Sensex scrips, 24
scrips rose.
The gauge had gained 37.25 points on Friday. For the quarter ended June
30, the Sensex rose 3,027.51 points or 13.5 per cent on the
The BSE index gained about 1,196 points in June month. Brokers said
besides easing global crude oil prices as fears of supply disruption from
Iraq receded, expectations that the reform measures in the next week's
Union Budget will boost the country's economic growth, bolstered
sentiments.
"Volatility and profit booking is visible ahead of upcoming Budget for
2014-15," said Rakesh Goyal,Senior Vice President,Bonanza Portfolio.
The 50-share Nifty of the National Stock Exchange reclaimed the crucial
7,600 mark by rising 102.55 points, or 1.37 per cent, to close at 7,611.35.
It touched a high of 7,623.65 and a low of 7,531.60.
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