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Friday, 23 October 2015
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The S&P BSE Sensex surged over 200 points in trade on Friday following positive trend seen in other Asian markets. The rally in the index was led by gains in RIL, ITC, ICICI Bank, HDFC, and HDFC Bank.
The Nifty50 surged over its crucial psychological level of 8300, supported by gains in pharma, auto, banks, metal, and realty stocks. India's HDB Financial Services Ltd. plans to raise funds selling bonds maturing in three years, three merchant bankers said. The company will pay an annual coupon of 8.50 percent to investors of this issue.India's Reliance Capital Ltd. has raised 200 million rupees through two bond issuances, data from National Securities Depository Ltd. showed.
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Wednesday, 21 October 2015
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The market has opened flat but the Nifty has managed to hold 8250 mark. The 50-share index is down 3.25 points at 8258.40. The Sensex is up 7.12 points or 0.03% at 27313.95. About 370 shares have advanced, 141 shares declined, and 31 shares are unchanged.
Nifty futures trading on the Singapore Exchange, or SGX Nifty, were down 6 points at 8,251, indicating a flat to negative start for domestic stock markets. Indian markets snapped a three-session winning streak yesterday, with the Nifty closing down 13 points at 8,261.65. 8,300 is likely to act as a major resistance for Nifty.
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The S&P BSE Sensex was trading in a narrow range on Wednesday but with a positive bias, led by gains in Infosys, ITC, Bharti Airtel, and Reliance Industries Ltd.
The Nifty50 was trading above its crucial support level of 8,250, supported by gain in IT, consumer durable, power, realty and FMCG stocks. Asian shares eked out cautious gains on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week.India's cenbank says repo bids fall to 97.09 bln rupees.Indian banks' refinancing with RBI falls to 16.28 bln rupees.India cenbank says banks' cash balances rise to 3.8 trln rupees.
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Tuesday, 20 October 2015
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The market has opened on a flat note following mixed global cues. The Sensex fell 16.03 points to 27348.89 and the Nifty declined 5.95 points to 8269.10. Lupin, Dr Reddy's Labs, TCS, Wipro, HDFC Bank, UltraTech Cement, BPCL and Asian Paints were early gainers, up 0.5-1.5 percent. ONGC, Vedanta, Bharti Airtel, Hero Motocorp, Tata Steel, ACC and Hindalco declined 0.6-1 percent.
Domestic investor continued to be net sellers of equities and on Monday they have sold shares worth Rs 246.26 crore.Second quarter earnings of major blue-chip companies like Hero MotoCorp and ACC are likely to dictate the direction of Sensex and Nifty.
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The S&P BSE Sensex started on a cautious note on Tuesday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in HDFC, ICICI Bank, ONGC, Bharti Airtel, and ITC.
The Nifty50 was able to hold on to its crucial support level of 8250, supported by gains in Pharma, IT, realty and consumer durable stocks.
India's cenbank says repo bids rise to 135.61 bln rupees.Indian banks' refinancing with RBI unchanged at 18.04 blnrupees.India cenbank says banks' cash balances rise to 3.72 trln rupees.
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Monday, 19 October 2015
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Reliance Industries rallied 4 percent after better than-expected earnings in the quarter ended September 2015. Infosys, Hindalco, Sun Pharma, SBI, Vedanta, Wipro and Lupin were other gainers in early trade.
Reliance Industries shares jumped around 5 per cent to top the 50-share Nifty index. The strong buying in the counter was triggered by RIL's Q2. The company had posted record profit in the September quarter after market hours on Friday.
IT major HCL Tech slipped over 3 per cent in morning trade.
India's fourth largest outsourcer reported a net profit of Rs 1,726 crore on sales of Rs 10,097 crore in Q1, meeting estimates. But, sequential revenue growth in constant currency was just 1.2 per cent, disappointing investors.
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For news on free stock tips on mobile,free equity tips,free share tips,free market tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100
The S&P BSE Sensex surged 100 points in trade on Monday, led by gains in Reliance IndustriesBSE 4.91 %, InfosysBSE 0.83 %, SBI, L&T, and WiproBSE -0.27 %.
The Nifty50 also managed to reclaim its crucial psychological level of 8250, supported by gains in IT, oil & gas, realty, and metal stocks.
India's cenbank says repo bids fall to 128.39 bln rupees.Indian banks' refinancing with RBI rises to 19.39 bln
rupees.India cenbank says banks' cash balances rise to 3.74 trln rupees.
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