Market Watch

Wednesday 2 July 2014

Free Stock Tips: Sensex gains over 300 points



Indian shares surged more than 1 percent to hit record highs on Wednesday.
The benchmark BSE index provisionally rose 1.27 percent to 25,841.21 points for a record closing high. Earlier, it surged as much as 1.37 percent to a record high of 25,864.53, surpassing its previous life high of 25,735.87 hit on June 11.
The Sensex was up 307.74 points or 1.21%, up close to 165 points from the day's low. The market breadth indicating the overall health of the market was strong.
Expectations of a growth oriented Budget, decline in crude oil prices and signs of pick up in monsoon rains aided gains on the domestic bourse.
The foreign institutional investors are preferring Indian markets to other emerging markets on hopes that the new government at the centre will be able to take the economy back on growth trajectory. 

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