|
Indian markets started its day in positive nod with a gain of 72.67 points, at 8,768.20 . Indian markets rallied smartly today, outperforming most of the Asian markets.Sensex ended the day with a gain of 331.19 points, or 3.81% at 9,026.72 after touching a high of 9,061.72 and a low of 8,658.53. The broad-based NSE Nifty gained 98.25 points, or 3.70% at 2,752.25 after hitting a high of 2,762.60 and a low of 2,643.35. China cut CRR by 100 bps to 16% from 17% and also lowered lending rates to 5.58% from 6.66%, the sharpest cut in 11 years. This has increased hopes of RBI cutting rates in near future. All the European markets were trading in red along with US stock futures.All the BSE sectoral indices closed in green. Bankex and Oil & Gas indices were the top gainers, up 6% and 4.4% respectively. Sterlite Ind. and ICICI bank were the top gainers among the sensex stocks, surging 12.9% and 9.6% respectively, while M & M and Maruti were the sole losers, down 2.5% and 0.5% respectively
Hopes that other central banks will follow suit after a surprise steep rate cut announced by Chinas central bank propelled the market sharply higher in late trade.
Subscribe to:
Post Comments (Atom)
1 comments for this post
We really condemn the terrorist attack by terror Group Deccan Mujhadin.
Indian Govt should deploy forces to Kill those basterd and punishment should be given to their relatives also to solve this terror problem as America made in 11/09 attack.
But as we know there will nothing going to happen and the Congress will remain silent and issue a statement for this. They have nothing to do with 80lives that killed in this attack and 274 person who injured. nor they are responsible for lives of 5 Police Officals and 11 Constables.
This is India ppl will forget each and every thing and will vote for Congree in next General Election. This is the time to wake upp and Vote for any party except Congress even CPI(M) is better than Congress. Congress ki Sarkar pari Bhari.
forward this for India.