Tuesday, 25 August 2015

Indian Stock and Equity Market News and Analysis

Indian shares rose more than 1 percent in on Tuesday, rebounding from the multi-month lows hit in the previous session as regional markets rebounded despite continued fears that China's economy was risking a hard landing.The broader NSE index gained 1.11 percent after slumping nearly 6 percent and hitting its lowest intraday level since October 2014 on Monday.The benchmark BSE index rose 1.2 percent after hitting its lowest intraday level since August 2014 on Monday.

The 50-share Nifty index rallied over 100 points to reclaim its crucial psychological level of 7900, supported by gains in Pharma, IT, auto, consumer durable and metal stocks. Nikkei is trading at day's high, up 100 points. China's Shanghai Composite is down 4%.

Equity benchmarks rebounded quite strongly, majorly led by short coverying after previous day's rout. The Sensex climbed 308.79 points or 1.20 percent to 26050.35 and the Nifty rose 94.30 points or 1.21 percent to 7903.30. About 488 shares have advanced, 371 shares declined, and 33 shares are unchanged on the BSE.

Domestic sentiments can get a boost if selling momentum by foreign investors wanes, analysts said. Over the last three sessions, foreign investors have sold shares worth nearly Rs 9,000 crore in the cash segment.

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