Indices consolidate ahead of RBI policy outcome on June 6

After a blockbuster day, Indian market took a breather on June 4 but held on to crucial support levels towards the close of the trade. The S&P BSE Sensex closed above 40,000 while Nifty50 also managed to hold 12,000. The final tally on D-Street – the S&P BSE Sensex fell 184 points to 40,083 while…

Sensex, Nifty climb wall of worries to hit record highs

It was a historic day as both Sensex and Nifty hit record highs despite weak global cues on June 3. The S&P BSE Sensex closed above 40,000 for the first time while the Nifty50 closed above 12,000 for the first time in history. The final tally on D-Street – the S&P BSE Sensex rose 553…

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),…