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A maturing market amid the mayhem

Sensex jumps before election results

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INDIA-STOCKS/The Sensex rose 301 points to 12,173 on investor optimism about the formation of a stable government.

Index heavyweight and top private lender ICICI Bank gained over 7 percent to close at 574 rupees. Its shares have gained 28 percent this year.

Stalwarts Reliance Industries and Bharti Airtel too made impressive gains, adding 2 percent and 4.6 percent respectively.

Among sectors, the Bankex led the pack with gains of 3.8 percent. Other than ICICI, Oriental Bank of Commerce also registered smart gains of over 7 percent.

Sensex closes lower, DLF gains

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INDIA-STOCKS/6PCTThe Sensex closed 1.2 percent lower at 11,873, recovering close to 200 points from the day’s low of 11,695 as investors remained jittery about the final outcome of the general election.

The benchmark was dragged lower by heavyweights Bharti Airtel, Reliance Industries and ICICI Bank.

Sensex slips over 1 pct after volatile trade

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MARKETS-SOUTHASIA-STOCKS/The Sensex managed to close a tad above the 12,000 mark after a choppy session as wary investors booked profits after yesterday’s rally and awaited exit polls for cues.

An over 1 percent loss in Reliance Industries and a 3.4 percent loss in ONGC led the benchmark lower to close at 12,020 points.

Sensex jumps 475 points led by Reliance

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INDIA-BUDGETAfter a relatively quiet start in the morning, the benchmark stock index rallied and closed 475 points higher even as factory output data disappointed.

There was speculation that the BJP-led alliance, perceived as market friendly, was gaining momentum in the elections.

Sensex slips 193 pts, political uncertainty weighs

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INDIA-STOCKS/6PCTThe outcome of the elections this weekend weighed on investors’ minds as the benchmark slipped nearly 200 points to close at 11,683.

Some index heavyweights took a beating – Reliance Industries slipped 1.98 percent, SBI ended 4.8 pct lower and L&T dropped 2.8 percent.

Sensex closes lower on profit booking

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The BSE Sensex closed 1.9 percent lower on Friday but posted ninth consecutive weekly rise as investors turned net sellers from net buyers. MARKETS-SOUTHASIA-STOCKS/

The benchmark closed down 240.51 points at 11,876.43, while the Nifty ended 1.7 percent down at 3,620.70.

Sensex gains in choppy trade; stress test results eyed

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The BSE Sensex closed 1.37 percent higher on Thursday, tracking a rally in global markets on ebbing concerns about the health of the financial sector and the global economy.

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Trade was volatile and the benchmark closed 164.19 points higher at 12,116.94, while the Nifty ended 1.62 percent higher at 3,683.90.

Sensex falls 1.4 percent, led by ICICI

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The BSE Sensex closed 1.4 percent lower on Wednesday as investors booked profits ahead of the fourth phase of India’s general elections on Thursday.

The benchmark closed 178.33 points down at 11,952.75 while the Nifty ended 1.01 percent lower at 3625.05.
INDIA-STOCKS/6PCTThe Sensex fall was led by ICICI Bank, HDFC, ITC and Tata Steel.

Market choppy on profit booking

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The Sensex closed marginally lower after a choppy session on Tuesday, as investors booked profits after the market rose over 10 percent in the previous two sessions.INDIA-STOCKS/6PCT

The benchmark closed 3.6 points down at 12,131.08, while the Nifty ended 0.2 percent higher at 3,661.90.

Sensex tops 12,000 on Reliance, Infosys

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The BSE Sensex closed 6.4 percent higher on Monday, its biggest one-day gain in six months, boosted by encouraging manufacturing data at home and renewed investor activity across Asia.
INDIA-STOCKS/The benchmark closed 731.5 points higher at 12,134.75, while the Nifty ended 5.1 percent higher at 3654.

The rise in the Sensex was led by Reliance Industries, Infosys and ICICI Bank.

On the sectoral front, the BSE Metal Index gained nearly 8.7 percent. This was followed by the IT Index which ended up 8.4 percent. All sectoral indices closed the day in the green.

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