Sensex moves up after Economic Survey focuses on growth

At 12.14 PM, the Sensex was up 88.28 points or 0.46% at 19103.42, and the Nifty moved up 19.50 points or 0.34% at 5780.85.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Tech Control
moneycontrol.com

Home » News » Markets » Local Markets

Feb 27, 2013, 12.44 PM | Source: Moneycontrol.com

Sensex moves up after Economic Survey focuses on growth

At 12.14 PM, the Sensex was up 88.28 points or 0.46% at 19103.42, and the Nifty moved up 19.50 points or 0.34% at 5780.85.

Like this story, share it with millions of investors on M3

Sensex moves up after Economic Survey focuses on growth

At 12.14 PM, the Sensex was up 88.28 points or 0.46% at 19103.42, and the Nifty moved up 19.50 points or 0.34% at 5780.85.

Post Your Comments

Share Cancel

12:24
Moneycontrol Bureau

The market has recovered from the low point of the day after the economic Survey pointed out that Indian economy is likely to grow at 6.1-6.7% in FY14. It hints at monetary easing that will pushpedal growth.

At 12.14 PM, the Sensex was up 88.28 points or 0.46% at 19103.42, and the Nifty moved up 19.50 points or 0.34% at 5780.85.

Bharti, ONGC, ICICI Bank, BHEL, Larsen and JP Associates were the top gainers on the indices. These stocks were up between 1.5-2.9 percent with Bharti seeing the biggest rise.

ALthough Economic Survey has shown concern on economic slowdown and current account deficit, it has pegged growth at 6.2 and 6.7 percent and believes inflation can be brought down to 6.2-6.6 percent in March. But Sajid Chinoy of JP Morgan finds it a tall expectation. Samiran Chakraborty of StanChart says there is no specific plan that will drive growth. Although the suirey hints at monetary easing, it may not be sizeable to kick-start capex cycle.

11:19
The sell-off in midcap shares intensified on Wednesday, with rumours swirling that the promoters of some of these companies could be teetering on the edge of bankruptcy.

Read More »

10:42
Serious damages have begun to unfold in the broader markets, serving as a grim reminder to bloody Tuesday and threatening to spill over to largecaps. At 10.36 AM, the Sensex was down 2.61 points at 19012.53, and the Nifty fell 6.30 points to 5755.05.

Read More »

09:30
At 09.17 AM, the Sensex was up 89.13 points at 19104.27, and the Nifty gained up 32.65 points at 5794.00. Top largecap gainers on the indices were Bhart, Sterlite, BHEL, Jindal Steel, HDFC, DLF, JP Associates and Sesa Goa.

Read More »

Buy, Hold, Sell ? Hear it first on M3
Sensex moves up after Economic Survey focuses on growth

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login