Nifty ends above 12,000 for 1st time, Sensex surges 553 pts; autos lead

  Benchmark indices ended at record closing highs as the three-day Monetary Policy Committee meeting started. The fall in crude oil prices, stronger rupee and hope of rate cut after weak Q4 GDP data boosted sentiment.   The BSE Sensex rallied 553.42 points or 1.39 percent to 40,267.62 and the Nifty50 jumped 165.70 points or 1.39…

Nifty at fresh record high, Sensex jumps 500 pts; rupee strengthens

  Acquisition Quess Corp said its subsidiary acquired 53,87,155 equity shares of Allsec, representing 35.35 percent of the total share capital of Allsec by way of a block trade on the National Stock Exchange of India Limited. Accordingly, as on date, the subsidiary holds 93,49,095 equity shares of Allsec, representing 61.35 percent the total share…

Nifty eyes record high, Sensex jumps 300 pts despite Europe fall

  Acquisition Quess Corp said its subsidiary acquired 53,87,155 equity shares of Allsec, representing 35.35 percent of the total share capital of Allsec by way of a block trade on the National Stock Exchange of India Limited. Accordingly, as on date, the subsidiary holds 93,49,095 equity shares of Allsec, representing 61.35 percent the total share…

Sensex climbs 300 pts, Nifty inches towards record high; metals shine

<!– Market Opening: Benchmark indices opened marginally higher with Nifty reclaiming 11,950 levels despite correction in global markets. HPCL, BPCL, IOC, Hero Motocorp, Bharti Infratel, HDFC, GAIL and Wipro gained. Tata Motors, Yes Bank, Eicher Motors, M&M, Hindalco and Maruti are under pressure. –>     Benchmark indices opened marginally higher with Nifty reclaiming 11,950 levels despite…

Nifty above 11,950, Sensex gains 150 pts; Hero Moto extends rally

  On the fiscal front, the latest data shows that the Government has been able to meet the revised fiscal deficit estimate of 3.4 percent of GDP. However, there has been Rs 1.45 lakh crore reduction in expenditure with Rs 69,140 crore cut in subsidies (major cut in food subsidy of Rs 69,394 crore), covering for…

Nifty extends gains, Sensex up 200 pts; Asian Paints, Hero rally

<!– Fiscal Deficit On the fiscal front, the latest data shows that the Government has been able to meet the revised fiscal deficit estimate of 3.4 percent of GDP. However, there has been Rs 1.45 lakh crore reduction in expenditure with Rs 69,140 crore cut in subsidies (major cut in food subsidy of Rs 69,394 crore),…

SGX Nifty indicates higher opening despite global fall amid trade worries

<!– Fiscal Deficit On the fiscal front, the latest data shows that the Government has been able to meet the revised fiscal deficit estimate of 3.4 percent of GDP. However, there has been Rs 1.45 lakh crore reduction in expenditure with Rs 69,140 crore cut in subsidies (major cut in food subsidy of Rs 69,394 crore),…

Nifty makes history in May series, hits 12K; index ends 2.6% higher

The Nifty50 created history during May series when it surpassed Mount 12K to hit a fresh record high of 12,041 on May 23 after National Democratic Alliance (NDA) secured a majority and paved way to the second term for Prime Minister Narendra Modi. The index rose 2.6 percent in May series to close at 11,945,…

FO expiry, Arun Jaitley opting out of Modi govt hit sentiment

The S&P BSE Sensex and Nifty50 extended losses on May 29 after Finance Minister Arun Jaitley recused himself from the new cabinet, citing health reasons. Profit taking at higher levels and volatility caused by May F&O expiry on May 30 weighed on the market. In a letter to PM Modi, Jaitley requested for a reasonable time…