Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Most Asian stock markets steadied on Wednesday.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
'The better developers are seeing good demand (for their housing projects). There are consumers who are buying houses.'
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
There are already some signs of stress in this market.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
Investors accumulated quality stocks at valuable and attractive levels.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
The new norms provide an operational framework for FPIs, a new class of overseas investors that club all existing class of investors like foreign institutional investors and Qualified Foreign Investors.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Currency depreciation also hits earnings of all domestic carriers
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The best way to curb gold demand is by reducing black money in circulation.
Total subsidy bill could come down to around Rs 2 trillion.
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Banks, real estate and metal scrips among the top losers.
Most Asian markets ended with gains.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Markets closed in the red on domestic worries.
The Sensex ended lower on unfavourable cues.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Group still far from coordinating monetary/forex policy
'Policy was more in line with the expectations.'
Bullion may settle with limited upside potential
For the seven months since February 2014, the benchmark index surged nearly 27%.
With a rise of around 30 per cent in the benchmark index S&P BSE Sensex, 2014 has been the best year for Indian equity markets since 2009, when the benchmark index surged 81 per cent.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
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