Dec 06, 2013 at 19:28 | Source: Moneycontrol.com
Slightly better-than-expected second quarter GDP and PMI data, too, boosted the market. The big support is still held by foreign money as foreign institutional investors bought more than Rs 3,600 crore worth of shares in the week gone by as against Rs 1,300 crore buying in earlier week.
Dec 06, 2013 at 16:38 | Source: Moneycontrol.com
After exit polls indication of BJP taking the lead in four out of five states elections, experts believe if that gets confirmed and the outcome is far better than exit polls then the market may see a fresh record high on the Nifty on Monday.
Dec 06, 2013 at 15:01 | Source: Moneycontrol.com
Global markets are under pressure as strong eco data from us reinforces view that taper may come earlier than expected. Asia ends with 0.5 percent cut on an average.
Dec 06, 2013 at 14:22 | Source: Moneycontrol.com
Power stocks are on buyers' radar with the Tata Power rising 4.3 percent and NTPC gaining 3 percent.
Dec 06, 2013 at 12:21 | Source: Moneycontrol.com
The rupee trades flat against the US dollar, tracking rise in euro and firm local shares. The currency eyes US jobs data and domestic state elections results, while gilts are trading down ahead of Rs 15,000 crore-rupee gilt auction and US non-farms payroll data today.
Dec 06, 2013 at 11:02 | Source: Moneycontrol.com
The rupee is higher for a third session, tracking euro gains after the ECB gave no indication of policy easing.
Dec 06, 2013 at 10:13 | Source: Moneycontrol.com
The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.3 percent each. About 733 shares have advanced while 452 shares declined on the BSE.
Dec 06, 2013 at 09:15 | Source: Moneycontrol.com
Pramit Brahmbhatt of Alpari feels the sudden euphoria in equity markets will help rupee strengthen further."However, concerns of early taper will keep a check on its positive momentum," he adds. According to him, the range for the day is seen between 61.12-62.02/dollar.
Dec 05, 2013 at 16:47 | Source: Firstpost.com
Even backward rabbits should know that the rise of AAP is not good news for the BJP, as it swallows a part of the urban vote which is the mainstay of the BJPs Lion, Narendra Modi. From a rag-tag skunkworks, AAP is a roaring tiger now at least in Delhi.
Dec 05, 2013 at 16:44 | Source: Moneycontrol.com
Though the Exit Poll, the survey conducted by CNN-IBN and The Week, suggested the 4-0 sweep for BJP in four state elections, the market is still waiting for the actual outcome of these elections that will be announced on December 08, say experts.