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Sensex recovers another 400 pts


INDIA-BUDGETIt was another good day on Dalal Street with the benchmark gaining 400 points to close at 14,253, as investor confidence was boosted by strong results by two U.S firms.

The Nifty index rallied 122 points to close above the 4,200 mark.

Reliance Industries led the benchmark’s rise with a 3.5 percent jump. L&T’s rise of 4.1 percent also gave support.

The top Sensex gainers were Hindalco Industries (up 8.2 percent) and JP Associates (up 7.7 percent). Infosys (down 0.8 percent) was the only index component to close in the red.

All sectors ended with decent gains on BSE, with the realty index adding 8 percent and the metal index gaining 5.6 percent.

Sensex rises over 450 points, DLF jumps


INDIA-STOCKS/JUMPInvestors breathed a sigh of relief on Tuesday as the Sensex jumped 453 points to 13,854, regaining some ground after losing over 1500 points in the past six sessions.

The stock market took cues from strong global markets and upbeat economic data from some regions.

Sensex drops over 1400 pts over the week


INDIA-BUDGET/After the stock market’s thumbs down to the budget on Monday, the weakness continued all week with the Sensex registering a drop of over 1400 points in five sessions.

On Friday the benchmark closed 253 points lower at 13,504 on worries over the monsoon and global economy.

Markets gain 1 pct in volatile trade


INDIA-STOCKS/20KThe benchmark managed to close 1 percent up in volatile trade as investors awaited cues from the approaching budget.

Reliance Industries, Bharti Airtel and SBI led the rise, whereas DLF, M&M and Reliance Infra ended as the top index gainers.

Markets jump over 400 points


MARKETS-SOUTHASIA-STOCKS/The Sensex ended the week on a strong note, gaining 2.9 percent on Friday to close at 14,765 as investors bought shares after a recent fall in markets.

ICICI Bank was the star performer with its stock jumping 9 percent to 754 rupees. Other Sensex heavyweights like Reliance Industries and Infosys gained nearly 4 percent each.

Sensex ends lower after volatile session


INDIA-BUDGETThe Sensex remained volatile in trade and ended 77 points lower at 14,346 on fears that below normal monsoon rains can hurt the economy.

Reliance Industries, which has an over 14 percent weight in the benchmark, led the fall, slipping over 2 percent to 1,959 rupees. ITC, ONGC and BHEL were the other contributors.

Good run continues for Sensex


MARKETS SOUTHASIA STOCKSThe stock market rally continued today with the benchmark climbing 340 points to 15,467, taking cues form strong global markets.

The 50-share Nifty gained over 100 points to close at 4,655.

Leading the rally were L&T, Reliance Industries, HDFC Bank and BHEL.

Satyam shares hit a 10 percent upper circuit for the second day in a row and closed at 73.5 rupees. Tech Mahindra rose over 5 percent after an over 25 percent rally on Tuesday.

Sensex bounces back, ends 461 pts higher


INDIASensex gained 461 points on Tuesday to close well above the 15,000 mark as long-term investors saw an opportunity to enter the market after the previous day’s fall.

The benchmark index managed to recover all of Monday’s losses.

Satyam remained in focus after it posted a consolidated net profit of 1.6 billion rupees in the December quarter. Its shares jumped on this news and hit an upper circuit of 10 percent.

Sensex drops 438 pts on profit-booking


INDIA-BUDGETThe benchmark index slumped 438 points to below 15,000 as investors booked profits after a sharp rally over the past three months.

Weak global cues also dampened sentiments and the Sensex ended 2.9 percent down at 14, 666. The Nifty closed 3.4 percent lower.

Sensex gains on signs of easing recession


The BSE Sensex rose on Friday on positive global cues amid profit taking by cautious investors, posting its 13th consecutive weekly gain in four years. INDIA

The 30-share sensitive index swung from an intra-day high of 15,257 to an intra-day low of 14,994, and finally closed 94 points higher at 15,103. The fifty-share Nifty ended 0.3 percent higher at 4586.