Gold, silver shine in Diwali trade on jewellers buying
The Bombay Stock Exchange 30-share index resumed better at 21,278.08
After lifting the Sensex 60 points to 18,732.71 at the outset, the momentum evaporated.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the $73-mark to quote at a seven-month low of $72.65
The company will have 9 mn sq ft of property for sale in the second half of 2012-13, which is three times what it sold in the first half.
Further downside seen amid high commodity prices, tight liquidity.
The Sensex finally closed with a gain of 52 points at 7,944 on the first day of the Samvat year 2062.\n
The index opened with a positive gap of 447 points at 8,957 on the back of positive cues from the global markets. The Sensex moved in a range of 9,057 to 8,909, and finally ended with a gain of 499 points at 9,008.
Gold prices rose further to touch an all-time high during early trade on the bullion market in Mumbai on Tuesday, with standard gold being quoted at Rs 6,495 per ounce and pure gold at Rs 6,530.
The Sensex opened with a positive gap of 74 points.
The Sensex finished in red for the first time in the last ten years on Muhurat trading day.
Global trends, the last batch of Q2 earnings and domestic macroeconomic data will dictate terms in the equity market, which had an extended weekend last week, analysts said. "FIIs' behaviour along with inflation numbers from US and China will remain key factors for this week. After an extended weekend, Indian markets are likely to start a fresh week with a positive note on the global backdrop. "However, there is a risk of selling pressure at higher levels as we are underperforming the global peers where the near-term texture has changed to 'sell on rise' from 'buy on dip'," Santosh Meena, head (research) at Swastika Investmart Ltd, said.
Gold plunged sharply to hit a three-month low.
Mid-cap and small-cap stocks on the BSE were on the buyers' radar on Tuesday as investors booked profits in large-cap shares and the benchmark Sensex fell 264.57 points from a record close.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
The total market valuation of the BSE-listed companies is nearing the Rs 100 lakh crore-mark following the continued dream run of the bourse.
Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in the new year Samvat 2071 on a firm note post the slew of reforms announced by the government over the past few days.
Leading bourse Bombay Stock Exchange on Tuesday favoured more stock markets in the country saying it will help in channelising the household savings into productive capital.
The broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06 per cent, to end at 10,530.
The stock market historically exhibits volatility on Budget day.
Indian stock markets are likely to remain bullish during the current Hindu calendar year (Samvat 2071) and investors would continue to reap rich gains, say experts.
Prayers were offered and sweets distributed though people mostly took the virtual route to extend wishes. People also visited temples, observing social distancing norms.
Putting Indian markets on fire, the foreign investors have pumped in over Rs 1-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.
Uncertainty lingers in the minds of retail investors due to scams.
The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.
Price up on weak dollar and strong demand
Investors were seen in a cheerful mood and widened their positions in frontliners as well as midcap and smallcap stocks to mark the beginning of their new accounts
Sensex,Nifty to remain under pressure through the week.
Decorated lights decked up buildings and earthen lamps dotted houses as people across the country celebrated Diwali.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
The exchange moved through many ups and downs through the years.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
Ashish Chauhan is generous in his praise for his former bosses and doesn't flinch in pointing out the reasons why the BSE lost out in the initial years of the NSE.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
You cannot sow today and reap tomorrow.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
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