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PSU stocks advance in firm markets

  • rajesh_sangvi
  • June 2, 2009

The key benchmark indices surged in early trade led by gains in PSU, realty, capital goods and metal stocks.
The benchmark index Sensex rose 178 points to 14,474 levels and the Nifty was up 1.1 per cent at 4,388.
On Thursday, Anand Sharma was made the new Commerce and Industry Minister as Prime Minister Manmohan Singh expanded [...]

Nifty makes highest ever gain in May

  • rajesh_sangvi
  • June 2, 2009

The benchmark index rose 186 points to 14,296 on the expiry day of the May F&O series as traders covered their short positions. In the May series, the Nifty was up 25 per cent—its highest-ever gain in F&O series.In the May series, smallcaps and midcaps outshined their largecap peers. BSE Smallcap index was up 47 [...]

Sensex slips after early gains

  • rajesh_sangvi
  • June 2, 2009

After rising to 14,994 in early trade, the benchmark Sensex slipped into negative territory mostly on profit-booking at existing higher levels and traders reducing positions. Asian markets are mostly up though they lag the gains of Wall Street, which jumped 2.6 per cent on encouraging data.
The Sensex was trading at 14,675, down 165 points.
Among the [...]

Rupee high as stocks rise, dlr falls

  • rajesh_sangvi
  • June 2, 2009

The rupee strengthened to its highest in seven months on Wednesday as the U.S. unit continued its southward journey against major
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currencies. Gains in the stock market also boosted sentiment. At 10:15 a.m., the partially convertible rupee was at 46.76/77 per dollar, its strongest since Nov. 5 last year and 0.5 percent above its [...]

Equity funds beat sensex,

  • rajesh_sangvi
  • June 2, 2009

Even as average assets under management (AUM) crossed the Rs 6 lakhcrore mark in May, diversified equity mutual funds
(MFs), which
remained laggards in the initial stages of the threemonth old rally, have outperformed the sensex and nifty.
Equity MFs gained an average 31% in May—the best performance recorded in the last 17 years. Almost six of [...]

Sensex positive on global cues

  • rajesh_sangvi
  • June 1, 2009

The key benchmark indices were trading higher in early deals following overnight gains in US markets. The benchmark index Sensex rose 138 points to 14,979 levels and the Nifty was up 0.7 per cent at 4,564.
The markets are likely to follow global cues and the rally may continue till the announcement of the budget,
Buying interest [...]

Sensex follows Asia higher,

  • rajesh_sangvi
  • June 1, 2009

The key benchmark indices surged in early trade led by gains in realty, PSU, metals and technology stocks. The benchmark index Sensex rose 234 points to 14,859 levels and the Nifty was up 1.8 per cent at 4,530.
Buying is likely to continue for some more time now. The action would now shift from specific sectors [...]

FIIs likely to keep market buoyant

  • rajesh_sangvi
  • June 1, 2009

Dalal Street is likely to witness a positive trend this week as foreign fund flows are expected to continue in the domestic market, amid
favourable global cues, analysts say.
The activity of the foreign institutional investors is not likely to dry up in a hurry in the Indian equity market. FII flow is likely to keep the [...]

Equities extend gains.

  • rajesh_sangvi
  • June 1, 2009

Stocks moved higher on Tuesday, extending gains from the previous session, buoyed by gains across Asia and US. All sectoral indices were
trading in the positive terrain led by realty and auto stocks. Metals were in demand given the rally in commodity prices.
Bombay Stock Exchange’s Sensex was at 14942, up 101 points while National Stock Exchange’s [...]

rupee drops on dollar.

  • rajesh_sangvi
  • June 1, 2009

The Indian rupee backed away on Tuesday from a more than five-month peak reached in the previous session, as the dollar recovered some of
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its steep losses versus major currencies.
At 9:40 a.m. (0410 GMT), the partially convertible rupee was at 47.16/17 per dollar, 0.5 percent weaker than its close of 46.94/95 on Monday when [...]