Equitytipsproviders Blog gives You Equity Tips, Stock Market Tips, Intraday Trading Tips, Stock Cash Tips, Stock Premium Tips with High Accuracy. We also provide Stock Market Recommendation for Today, Mcx Commodity Market Tips, Nifty Future Tips with intense analysis done by our Team of Analysts. We have been providing valuable advice to our clients through various methods. Missed Call @ 78-79-88-11-22
Sensex crosses 25000, gains more than 1100 points. The Nifty up 301.90 points or 4.24 percent at 7425.05. About 977 shares have advanced, 352 shares declined, and 44 shares are unchanged.
NSE index futures traded on the Singapore Exchange turn positive, surging 0.8 percent after earlier falling 0.6 percent, predicting a near-record-high start for India's NSE index as vote counting begins.
Banking stocks lead gains. Bank Nifty surges nearly 7 per cent. PNB, ICICI Bank, SBI, Kotak Mahindra Bank and IndusInd Bank each up over 7 per cent. ICICI Bank is up 6.7 per cent.
The market opens on a flat note but Nifty still holds 7100. The Nifty is up 2.55 points at 7111.30. The Sensex is down 5.70 points at 23809.42. About 396 shares have advanced, 142 shares declined, and 35 shares are unchanged. Tata Steel is up over 1 percent post its March quarter results.
Shares in India's Tata Steel Ltd gained as much as 2.6 percent on Thursday to its highest since May 2012 after posting January-March net profit that easily beat analyst estimates as better economic growth in Europe supported steel demand.
Tata Steel was up 2.1 percent at 0354 GMT, outperforming a 0.6 percent gain in the NSE index.Tata Steel is up over 1 percent post its March quarter results.
Overseas investors have bought Indian cash shares and index futures worth 63.39 billion rupees ($1.06 billion) in the three sessions from Friday to Tuesday.
Foreign investors bought Indian cash shares worth 45 billion rupees ($752.76 million) and index futures worth 18.4 billion rupees in the previous three sessions.
It seems the NDA may form the next government at the Centre... The Nifty around 7100 levels suggests a lot of good news is already factored in.
India’s main stock indexes could shoot up or slide 5% to 10% depending on whether the early predictions point to a solid or unstable coalition taking over in New Delhi. Stocks have already been rising in anticipation of the exit polls results, with the benchmark S&P BSE Sensex up 1.3% early Monday.
After strengthening to a 10-month high in intra-day trading on Monday, the Indian rupee erased all its gain and ended marginally lower, ahead of the release of industrial output, consumer inflation data and exit poll predictions.
However, projections for a majority reinforce market expectations. The benchmark BSE index rose as much as 1.57 percent to a record high of 23,921.91 while the broader NSE index surged 1.45 percent to record high of 7116.20.
Indian shares surged to its second consecutive record high on Monday as blue-chips including ICICI Bank rallied on hopes that exit pulls due after the close of markets would show opposition Bharatiya Janata Party winning a majority in ongoing elections.
If Modi just does initial few things right after coming to power, then further expectations will help markets rally. So the expectations could be a game-changer for the markets.
Reliance Industries Ltd gained as much as 4.2 percent to its highest since April 2011 after the company and its partners in a gas block said on Saturday they were taking the Indian government to arbitration seeking implementation of higher gas prices.