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A maturing market amid the mayhem

Sensex gains over 400 points, ICICI jumps

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INDIA-STOCKS/The stock market bounced back smartly today, gaining over 400 points to recover all of yesterday’s losses.

Short covering ahead of the derivatives expiry today helped the benchmark’s rise as it closed at 11,403.

ICICI Bank, India’s top private lender, gained nearly 9 percent and ended as the top Sensex gainer. It was followed by JP Associates (up 6.8 percent) and Sterlite Industries (up 6.7 percent).

Among sectors, IT led the pack. The info tech index gained nearly 5 percent helped by gains in Patni Computer and Infosys Techologies. The banking index ended with gains of 4.4 percent.

Sensex falls 3.25 pct, flu fears weigh

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MARKETS SOUTHASIA STOCKSIt was a bad day for the markets as the Sensex dropped 370 points to close at 11,001, taking cues form weakness in global markets.

Concerns about the financial sector and fears about a possible flu pandemic also weighed on sentiments.

Sensex ends marginally higher, ICICI jumps

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MARKETS-SOUTHASIA-STOCKS/The stock market seesawed throughout trade today and ended marginally higher at 11,372, as investors covered short positions ahead of the monthly derivatives expiry.

The benchmark had risen over 1 pct during trade, but was unable to sustain it and closed just 42 points higher.

Sensex gains 1.5 pct; Maruti net drops

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The Sensex ended the week on a positive note, closing 1.7 percent higher, as increased investor confidence helped boost sentiment.

The benchmark closed 194.06 points higher at 11,329.05 while the Nifty ended 1.6 percent higher at 3480.75.

Sensex gains 2.9 pct, led by Reliance

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The BSE Sensex closed 2.9 percent higher on Thursday as investors put aside worries about the world economy and returned to the market.

The benchmark closed 317.45 points higher at 11,134.99, while the Nifty ended 2.8 percent higher at 3423.70.MARKETS-SOUTHASIA-STOCKS/

Sensex choppy on mixed bag of results

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The BSE Sensex closed 0.74 percent lower on Wednesday as weak Asian markets dampened sentiments and investors booked profits for a third session.

The benchmark erased early gains and closed 80.57 points down at 10,817.54, while the Nifty ended 1.04 percent down at 3330.3.MARKETS-SOUTHASIA-STOCKS/

Sensex remains choppy despite rate cut

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The BSE Sensex closed 0.74 percent lower on Tuesday, tracking weak Asian markets and a downward bias of growth forecast by the RBI.

The benchmark closed 81.39 points lower at 10,898.11, while the Nifty ended 0.35 percent down at 3,365.30.
INDIA-ECONOMY/RATESThe Sensex fall was led by ICICI Bank, L&T, Infosys and SBI.

Sensex closes weak; RBI policy eyed

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The Sensex closed 0.40 percent lower on Monday, amid mixed Asian markets and profit booking by investors.

The benchmark closed 43.59 points lower at 10,979.50, while the Nifty ended 0.22 percent down at 3,377.10.

Sensex registers sixth weekly rise

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After rising over 3 percent by mid-day, the Sensex pared gains and closed just 0.69 percent higher at 11,023 as investors booked profit ahead of the weekend.

Infosys Technologies, L&T and ICICI shares led the gains in the benchmark.

INDIA-STOCKS/20KUnitech emerged as the star performer, surging over 20 percent. Unitech is looking to sell more stocks and assets, such as hotels and offices, to cut its high debt.

Profit-taking halts 8-day Sensex rally

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INDIAThe Sensex broke a long positive run today and closed below 11,000 as investors booked profits in a market that had gained over 18 percent in the eight-session rally. The benchmark close at 10947, registering a drop of almost 3 percent

The fall was led by heavyweights like Reliance Industries, which slipped 4.8 percent, L&T, which was down 5.3 percent, and ONGC, which fell 4.8 percent.

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