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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.

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.

Sensex gains nearly 3 pct, Infosys slips

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BC INDIA EXCHANGEAfter a weak start in the morning, the BSE Sensex erased its losses and closed nearly 3 percent higher at 11,285.

This was the benchmark’s eighth successive rise — its longest winning streak in 18 months.

Sensex rises 1.3 pct, Reliance gains

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INDIAThe BSE Sensex ended 1.3 percent higher on Wednesday as a rally in global markets boosted investor sentiments.

After mid day, the benchmark touched an intra-day high of 9,120 – a rise of over 2 percent – but pared gains later to close at 8,976. It was the index’s highest close in a month.

Sensex snaps 3-day rise, ends 0.9 pct lower

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The Sensex seesawed and ended down 0.9 percent on Tuesday, snapping a three-day rising streak as investors booked profits and weak European markets dampened sentiments.

INDIAIndex heavyweight Reliance Industries ended nealry 2 percent lower and SBI slipped 3.8 percent.

Sensex upswing continues, ends 2 pct higher

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INDIAAfter a healthy rise on Friday, the Sensex continued its upswing and ended 2.1 percent higher, helped by a rise in markets across Asia and Europe.

Reliance Industries, ICICI Bank and ITC led the gains in the benchmark index as it traded firm almost throughout the session.

Market downslide continues, Sensex slips 2 pct

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After a relatively lacklustre morning session, the stock market slipped during the last few hours of trade on Tuesday. The benchmark index closed at 8427, down 2.09 percent.

MARKETS-SOUTHASIA-STOCKS/Heavy falls in foreign markets and concerns about the global outlook continue to weigh on investor sentiment.

Sensex drops 2.2 pct tailing global rout

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INDIA-BUDGETTaking cues from weak global markets, our benchmark index ended the last trading session of the week with losses of 2.2 percent, its lowest close in a month.

The Sensex closed at 8843, pulled down by over 3 percent losses in Reliance Industries and a 7 percent slide in ICICI Bank.

Sensex ends flat after seesaw trade

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INDIA-BUDGETThe benchmark index seesawed all through the day and closed 20 points lower at 9015, pulled down by banks that slipped on concerns about their profit margins. The Sensex had dropped below the 9,000 mark in early trade.

Index heavyweight Reliance Industries gained 2.1 percent while Bharti Airtel was up 1.3 percent.

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