Skip to main content

SenSex ......Kisses 20,000

The BSE benchmark Sensextoday regained 20,000 level for the first time in over three months on sustained capital inflows and better earnings, but slipped to close a tad lower.
After hitting 20,000 level, the Sensex closed 101.23 points, or 0.51 per cent, at 19,990.18, a level last seen on January 31. It had gained 313 points in last two sessions.
HDFC rose 3.7 per cent, closing at its all-time high, after it reported a 17.3 per cent rise in net profit for the Jan-March quarter.
The current upsurge was supported bystocks of FMCG, oil and gas and banking sectors, besides a rally in HDFC Ltd and Lupin Ltd on better earnings.
The broad-based National Stock Exchange index Nifty rose by 25.75 points, or 0.43 per cent, to 6,069.30.
MCX Stock Exchange (MCX-SX) flagship index SX40 rose 65.53 points, 0.56 per cent, to close at 11,796.74 points today.
Brokers said the market remained in bullish mode ever since the Reserve Bank of India cut key interest rate to bolster economic growth last week and heavy foreign funds inflows.
Foreign funds bought a net $171 million of Indian shares in the previous session, extending their net investment this year to $12 billion, a record for the period.
They said a firming global trend as China's exports topped estimates and European central bank cutting interest rates to revive economy, further fuelled the uptrend.
In 30-BSE index components, 14 stocks gained led by HDFC Ltd, HDFC Bank, ITC Ltd,Reliance IndustriesBSE 0.24 % and Infosys, Tata Consultancy Services.

The FMCG sector index gained the most by 1.43 per cent to 6,752.61 followed by oil and gas index by 0.11 per cent to 8,850.12. Banking index rose by 0.11 per cent to 14,453.21 and healthcare index by 0.08 per cent to 8,882.43.

Comments

Post a Comment

Popular posts from this blog

Wizard of Dalal Street: Govind Parikh's investment mantra

Wizard of Dalal Street: Govind Parikh's investment mantra Govind Parikh of Govind Parikh Securities says selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says I like to buy things in a bad market. Additionally, don't look current cash flow, concentrate on future cash flows — that is what  I look at," says Govind Parikh of Govind Parikh Securities. He advises investors to buy good quality stocks when the market crashes. While sharing his investment philosophy with ace investor Ramesh Damani, on the Wizards of Dalal Street, Parikh says management integrity is very important when deciding which stock to bet on. He tells investors not to buy stocks impulsively. According to him, selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says. He al...
2 comments
Read more

Market Crash -Nifty below 9000

Yesterday, the Indian benchmark was opened on a gap up note at 9,285.40 levels, witnessed some selling pressure that drifted it to a low near the psychological support of 9,000 levels. However, a pullback was witnessed and index made a high of 9,403 levels but index started erasing gains in last hour of the trading session and closed below the psychological support of 9,000 levels for the very first time since March, 2016. Most of the indices were closed on a negative note out of which media stocks eased 5.95%. Market breadth was negative as 621 stocks were advanced while 1,206 stocks were closed in the red.  Maximum Call open interest (OI) of 15.35 lakh contracts was seen at the 10000 strike price followed by a 10500-strike price which 13 Lakhs. Highest call writing was seen at the strike price of 9500, at which 4.61 lakh contracts traded. Call option suggests 9500 will be next hurdle. Maximum Put open interest of 10 -lakh contract was seen at the 8100-Strike price followed by ...
Post a Comment
Read more

How to increase your tax savings

How to increase your tax savings  Now that both houses of Parliament have passed the Finance Bill 2014, you can start taking advantage of the new tax proposals of Budget 2014-15. Revisit your tax-saving strategy for the year to maximise yo ur take-home pay. Reduce your tax outgo Most organisations have already asked their employees to send revised investment declarations for the year to reassess their tax liabilities following the changes in tax laws. The sooner you do so, the better it will be. "If you do not revise your earlier declaration, you will continue facing a higher tax outgo every month. Sending a revised declaration this month will allow you to fetch a higher takehome pay right away," says Kuldip Kumar, executive director, tax & regulatory services, PWC. For More Source :  http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/how-to-increase-your-tax-savings/articleshow/42394282.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cp...
Post a Comment
Read more