Market Watch

Tuesday, 24 June 2014

Watch Morning Stock Market Highlight for Profit Trading

The S&P BSE Sensex rallied over 200 points in morning trade on Tuesday led by gains in Power, FMCG, capital goods and banks on the back of positive cues from global peers.
•After rising 5 per cent in the last few sessions, the Brent crude registered its biggest decline in the last seven weeks on some concerns supply fears from Iraq eased.
The 30-share index was at 25,240.17, up 208 points or 0.83 per cent. It touched intraday high of 25,243.39 and a low of 25,115.83 in trade today.
•Shares in Bajaj Hindusthan Ltd gain 10 percent after the company said on Monday that it repaid foreign currency convertible bonds aggregating to $17.7 million.
The repayment, coupled with the government's move to raise the import duty on sugar, has created positive sentiment in the counter, dealers said.
•The food minister said on Monday that India will raise its import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion.
Bajaj Hindusthan up 9.39 percent at 32.05 rupees at 0359 GMT.

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