Experts see rally post consolidation, advise stocks
The markets, on Wedneday witnessed another day of consolidation. While it latched onto the 4,800 mark, it turned out to be a flat day in low volume trade. Sectorally, it was a tug-of-war in the oil and gas space. Metals too continued their upmove from yesterday, while power and realty lagged. The broader indices too [...]
Sensex, Nifty strike fresh 15-month high in opening trade; breadth strong
Key benchmark indices opened on a firm note, extending two-day
strong gains, on firm Asian equities. The BSE 30-share Sensex was
up 73.13 points or 0.46%. Both the barometer indices – the BSE
Sensex and S&P CNX Nifty struck their highest level in more than
15-months.
The market breadth, indicating overall health of the market, was
strong. TCS gained around 3%, [...]
Sensex races past 16,000 mark
Strong response to the initial public offer of Oil India, an improvement in business confidence of India Inc and revival of monsoon rains bolstered bulls as the barometer index BSE Sensex surged past the psychological 16,000 mark. The Sensex and the 50-unit S&P CNX Nifty, both, struck their highest level in more than 15 months. [...]
Sensex jumps 7.5% in a week (world stocks rally)
The key benchmark indices gained for the straight seventh day but
volatility was high. The BSE 30-share Sensex rose 141.27 points or
0.9%, off close to 35 points from the day’s high and up close to
260 points from the day’s low. The 50-unit S&P CNX Nifty today, 28
August 2009, hit its highest closing level in nearly 15 [...]