The stubbornly high global crude oil prices are opening up a can of worms to heightened inflation risks and likely to disrupt government's fiscal maths along with deteriorating global financial conditions.
The Nifty gained 47 points to close at 3,605.\n\n
Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14698 level.
market sentiment remains positive on the back of fresh long positions and short covering seen in specific stocks
The Mid-Year Review on Monday lowered growth projections at 6 per cent-plus this fiscal but maintained India would continue to be one of the fastest growing economies of the world.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
The markets opened strong on the back of positive Asian cues
'It could take 12 months or more for hiring to get back on track.' 'New opportunities would come up and there will be demand for skillsets that can help dealing with the current situation.'
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
The FM has not only resolved this entire turnover tax issue, it has also arrived as a win-win situation for all the market participants.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
The BSE Sensex opened on a positive note, hit the day's high of 7175.15 in early morning trades and gradually started paring its gains.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
The Sensex opened with a positive gap of 14 points at 6,729. Healthy buying in most of the old economy stocks propelled the gains of the index to an intra-day high of 6,763 in mid-morning trades.
The Sensex opened with a positive gap of 33 points at 12,393. The index has zoomed past the 12,500-mark, and is now up 142 points at 12,502.
The Nifty gained 16 points to close at 3,664.
The Sensex opened lower at 6,457 - down nine points over its last close. An across-the-board selling pressure dragged the index below the 6,400-mark to an early low of 6,381.
Silver coins dropped by Rs 2,000 to Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
RCom and Aircel will hold 50 per cent each in the new company
Union Divestment Minister Arun Shourie on Friday said the initial public offering to pare the government's stake in five companies - VSNL, Balco, IPCL, CMC and IBP would be done within the next six months.
The Sensex opened with a small positive gap of seven points at 6,886, but soon eased on selective selling pressure to touch an early low of 6,873.
The markets opened firm with tech, bank and pharma scrips making steady gains.
Continuing from yesterday's sharp slide, the Sensex on Thursday opened nine points lower at 6,598.77.
ACC, Infosys, Ranbaxy, Tata Motors up. HLL, ONGC, Wipro, Satyam dips. Nifty down 7 points at 2063.
'While all would agree on the need to be ready to launch cross-border strikes on terror camps, there is sharp disagreement on how best to do it.' 'Through IAF fighters, or surface-to-surface missiles?' 'Or should army Special Forces be created to do the job?' 'If air strikes are the agreed priority, additional funding must be made available for the purchase of fighters and missiles.' 'If it is to be Special Forces, the army must be facilitated in raising a Special Forces Command,' notes Ajai Shukla.
The exchange also asked traders to square off their trading positions in three contracts -- gold February 2015, kapas March 2015 and kapas April 2015.
Month-end dollar demand affected the rupee
The market breadth, indicating the overall health of the market, turned negative from positive
The Nifty moved in a range of 2632 to 2595, before settling with gains of 17 points at 2620.
Airlines are of the view that the cut in prices is too little for them to pass on to consumers, especially after a series of price increases over the last six months.
