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Sensex extends rise above 14,500

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INDIAThe Sensex ended the month with a flourish, closing 2.3 percent higher on Friday which helped it post the biggest monthly rise in 17 years as positive economic data lifted investor sentiments.

Helping the rally was better-than-expected GDP figure for the March quarter.

The top Sensex gainers included ACC, DLF and JP Associates, all gaining over 8 percent each.

Oil firms were in focus today, with the government indicating that it was likely to allow market pricing of fuels. HPCL shares surged 8.3 percent, IOC gained nearly 7 percent and BPCL ended 3.75 percent up.

Some oil marketing companies also announced their results. BPCL’s Jan-March net profit stood at 36.28 billion rupees, and IOC’s profit was 66.2 billion rupees.

Market rises on short covering

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INDIA-BUDGETThe good times continue for the market. The benchmark extended its rally on Thursday and ended 186 points up as investors covered short positions on the last date of derivatives expiry.

Engineering firm L&T beat forecast with strong quarterly numbers. Its shares closed 2.3 percent up.

Sensex gains over 500 points

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INDIAThe Sensex jumped over 500 points today to close above the 14,100 mark, recovering all of Tuesday’s losses, on investor optimism about a recovery in the global economy.

The rally was led by heavyweight counters like ICICI, ONGC and Reliance Industries.

Sensex falls 324 points on profit booking

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MARKETS-SOUTHASIA STOCKS-The Sensex dropped 2.3 percent in trade to close at 13,589 points as investors resorted to profit booking to reap benefits of the surge over the past few weeks.

Weak Asian and European markets also weighed on sentiments.

Losses in heavyweight stocks like ICICI Bank, Reliance Industries and Bharti Airtel dragged the benchmark lower by over 300 points.

Sensex gains 26 points, Bharti falls

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INDIA-BUDGETThe Sensex seesawed through the day to end marginally higher at 13,913 points, after a historic last week when it had surged over 14 percent.

Bharti Airtel was in the limelight after it announced the restart of merger talks with South Africa’s MTN. The news saw Bharti’s shares closing 5.4 percent down on fears that its earnings would initially be diluted after the deal. The counter had risen by over 8 percent earlier in the day.

Sensex extends gains, up 14 pct over 5 sessions

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INDIA-MARKETS/The stock market ended 1.1 percent higher on Friday at 13,887, on account of buying by some funds, taking its gains for the week to 14 percent.

The election result has helped in restoring battered investor confidence.

Heavyweight stocks like Reliance Industries, ICICI Bank and L&T led the benchmark rise.

Sensex falls as post-poll euphoria begins to fade

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The stock market was volatile today as profit taking continued for the second day after a two-day post election rally. Weak Asian markets too weighed on investor sentiments.

The Sensex moved mostly in negative territory throughout trade, turning positive briefly after touching an intra-day low of 13,704.43 points and then shifted back to the red. The benchmark closed 324.12 points down at 13,736.54, while the Nifty ended 59.40 points lower at 4,210.90.
INDIAThe main contributors to the benchmark’s fall were L&T, ICICI Bank, HDFC and Reliance Industries.

Reliance Industries lead Sensex fall

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The stock market was choppy today amid mixed cues from global markets. The benchmark opened 0.5 pct down and slipped further in the day as heavy volumes and sINDIA-MARKETS/igns of resistance saw investors booking profits instead of buying.

The Sensex touched an intra-day low of 13,976.49points and finally closed 241.37 points down at 14,060.66 The Nifty ended 48.15 points lower at 4,270.30.

Sensex gains in choppy trade

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The Sensex fell more than 3 percent early on Tuesday paring yesterday’s gains, but got right back into action on strong domestic buying and closed 0.1 percent up with support from positive global cues.

The benchmark swung from 13,840 in early trade to an intra-day high of 14,930 and then closed at 14,302 on profit taking. The index had gained more than 17 percent on Monday. The Nifty declined to 4,318.45, down 4.7 points.

Sensex soars as bulls cheer poll verdict

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The Sensex created history today, jumping more than 17 percent for its biggest single-day gain in almost two decades as investors cheered the ruling coalition’s election victory.

The benchmark hit the first circuit breaker a few seconds after opening. The second breaker came at 11:55 am and trade was finally halted for the day, with the Sensex closing 2110.79 points up at 14, 284.21.

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