Money on the markets

A maturing market amid the mayhem

Market jumps over 250 points before budget

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INDIA-BUDGETThe Sensex jumped 254 points on Friday as investors covered short positions ahead of the full year’s budget which is to be announced on Monday.

The rally in the benchmark, which closed at 14,913, was led by HDFC (up  7.7 percent). Gains in Tata Steel, M&M and Reliance Infrastructure also helped.

Banking stocks were the top performers, with PNB, Oriental Bank, Union Bank and ICICI gaining over 3 percent each. All sectoral indices closed positive.

Reliance Natural was the top traded counter on the BSE, gaining nearly 7 percent. Suzlon Energy, Ispat Industries and Satyam were among the other top traded stocks.

Market ends flat, no cues from economic survey

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MARKETS SOUTHASIA STOCKSThe Sensex ended just 13 points higher at 14,658 after a volatile session as investors awaited budget announcements next week.

The government released the economic survey report on Thursday which said India could see growth of around 7 percent this year if it makes sweeping reforms and speeds infrastructure development. (Click here for complete coverage)

Markets gain 1 pct in volatile trade

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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

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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.

Market ends weak, Sensex slips over 1 pct

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INDIAThe Sensex ended the week on a negative note, slipping over 1 percent, but still managed to post its 14th consecutive weekly rise.

Profit-booking continued in a market that has risen sharply since early March, dragging the benchmark down by 174 points to 15,274.

Sensex slips 55 points in choppy trade

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INDIA-BUDGETInvestors today booked profits in a market that had touched a 10-month high on Wednesday, bringing the benchmark down by 55 points.

The Sensex closed at 15,411 after recovering over 150 points from the day’s low. The index was led lower by losses in Infosys, ONGC and SBI.

Good run continues for Sensex

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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

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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

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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 at 9-mth high; investors cheer econ data

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The BSE Sensex traded firm on Monday as investors cheered improved manufacturing data at home and signs of recovery in the global economy.

The benchmark stayed mostly in positive territory, touching an intra-day high of 14,906 and finally closing 215 points higher at 14,840 – its highest close in almost nine months. The fifty-share Nifty ended 1.8 percent higher at 4529.

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