The market extended rally in afternoon trade with the Sensex trading above 28000 and Nifty above 8500 led by banks, pharma and FMCG stocks. The BSE Midcap and Smallcap indices rallied 1.2 percent and 1.9 percent, respectively.
14:28
Moneycontrol Bureau The market extended rally in afternoon trade with the Sensex trading above 28000 and Nifty above 8500 led by banks, pharma and FMCG stocks. The BSE Midcap and Smallcap indices rallied 1.2 percent and 1.9 percent, respectively.The Sensex rallied 163.51 points to 28121 and the Nifty jumped 49.60 points to 8540.60. About 1829 shares have advanced, 723 shares declined, and 159 shares are unchanged on the BSE.
Adrian Mowat of JP Morgan told CNBC-TV18 that he maintained an overweight stance on the market, foreign investors positioning in India is still very low.
Banks led the rally with the Bank Nifty rising 250 points. ICICI Bank surged 1.8 percent and its rival HDFC Bank, SBI and Axis Bank climbed nearly 1 percent.
Global markets too were upbeat today, Shanghai and Hang Seng closed with gains of 0.5 percent to 1.5 percent while European markets were also in the green after a solid round of manufacturing data, euro zone PMI for March was revised upwards to 52.2 versus a reading of 51 in February.
13:00
The market gained some strength amid consolidation in afternoon trade. The Sensex climbed 88.75 points to 28046.24 and the Nifty reclaimed 8500, up 21.90 points at 8512.90.
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12:00
The market continued to be directionless in noon trade with the Nifty struggling below 8,500. Technology and oil stocks dragged while healthcare, FMCG, banks and telecom stocks gained.
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11:00
The market remained lacklustre in morning trade with the Nifty hovering around 8480 level while the broader markets extended gains. The BSE Midcap and Smallcap indices climbed 0.8 percent and 1.2 percent, respectively.
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10:00
The market remained in a consolidation mode for the second consecutive session today. The Sensex declined 11.71 points to 27945.78 and the Nifty slipped 9.20 points to 8481.80 while the broader markets outperformed benchmarks.
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09:15
The market has opened on a flat note. The Sensex fell 37.28 points to 27920.21 and the Nifty declined 21 points to 8470. About 380 shares have advanced, 249 shares declined, and 79 shares are unchanged on the BSE.
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Sensex up over 150 pts, Bank Nifty rises 250 pts; Europe up
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