Sensex closes above 29000 (+290) and Nifty above 8800 (+93.95)

The market showed very good performance on Friday, rose over a percent led by earnings from SBI and M&M. Positive global news also supported stock market. The Bombay stock exchange Sensex closed above the 29000 level for the first time since February 3, continuing upside for the fourth trading session.

The NSE Nifty also climbed over 8800 in late trade, up 93.95 points. Banks, FMCG, auto, healthcare and some infrastructure stocks helped the market rally.

State Bank of India (SBI) rose 8% t after posting a stellar set of earnings. Another strong earnings came in from Mahindra & Mahindra. The stock rallied 5% after its earnings beat estimates. An exceptional gain of Rs 299 crore aided profit. BPCL turned profitable with the net profit at Rs 551 cr against loss of Rs 1,089 crore  in same quarter last fiscal. The stock gained 2.4 %.

Some other shares like TCS, ITC, ICICI Bank, HDFC, Wipro, Maruti Suzuki and Hero Motocorp were prominent gainers, up 1-3%. Global cues were strong today as major indices gained with Shanghai and Hang Seng rose 1%. Brent crude climbed over USD 60 a barrel, up 1.25% today

Stock Market Update 10th April 2014.

BSE & SENSEX continues their bull rally,Markets (Nifty) opened at 6803,  up 6.85 points and BSE-Sensex is up 50.97 points at 22753.31. 365 shares have advanced, 111 shares declined, and 23 shares are unchanged.

Some of the major Gainers are - Federal Bank, Suzlon, Max.

Some of the major looser are  Tech Mahinddra, MCX, BEL, Grasim Inds.

Rupee opened higher by 9 paise at 60.04 per dollar versus 60.13 yesterday close.

Stock Market Morning Update 09th April 2014.

BSE Sensex gains; Sun Pharma up 3%, Maruti down by 1%

After a Ram nawami holiday the stock market opened positive. BSE-Sensex is up 93.01 points at 22436.46, NSE-Nifty is up 29.55 points at 6724.60.

189 shares advanced & 67 shares declined, and 25 shares are unchanged. Sun Pharma up by 3%. Hindalco, Tata Motors, TATA STEEL, SBI JET Airways are top gainers in the Sensex. Maruti Suzuki and Cipla are on down side.

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Stock Market closing update for 07th April 2014.

After heavy selling since morning, the Indian stock market ended flat but SGX Nifty closes below the 6700.(CLOSED-6695.05), while BSE-Sensex down 16.05 points closed at 22343.45

Major Gainers- STAR, GMR INFRA, JP ASSOCIATES, IDEA, RELIANCE COMM

Major Looser- JINDAL STEEL, JUST DIAL, CROMPTON GREAVES, TATA COMM, BHEL

Most Active (Volume)- HDIL, DLF, UNITEH, JP ASSOCIATES, L&T FIN.

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Stock market Update: 12:00 pm 07th April 2014.

BSE - Sensex falls over 100 points Ranbaxy falls 5%


Stock Market news:  Sensex and Nifty down nearly 0.5 per cent. BSE-Sensex down 110 points
(22248) while NSE Nifty is off 30 points (6,660).

Financial Advisor described the weakness to profit-taking and says 6640 is strong support. for more update visit our blog daily

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