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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.

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 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 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 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.

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 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/

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