Indian Stock Market Closing News Update

The market tumbled on first day of crucial Budget week. The Sensex slumped 256.30 points or 0.9 percent at 28975.11, and the Nifty slipped 78.65 points or 0.9 percent at 8754.95. About 1201 shares advanced, 1707 shares declined and 209 shares were unchanged.

Reliance fell 3 percent while GAIL, SBI, Tata Steel and Axis Bank were among the laggards in the Sensex. Among the gainers were M&M, TCS, Sesa Sterlite and NTPC.
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Today’s Accurate Stock Trading Tips with Market Trends

Sensex, Nifty firm; Hindalco up 3%, Reliance & ITC drag

The market has opened the most crucial Budget week on a firm note. The Sensex is up 65.28 points at 29296.69 and the Nifty is up 23.25 points at 8856.85. About 500 shares have advanced, 126 shares declined, and 119 shares are unchanged.

 Hindalco, Tata Power, BHEL, Infosys and Tata Steel are top gainers in the Sensex. Among the losers are Reliance, ITC, Bajaj Auto and Dr Reddy's Labs.

The Indian rupee opened flat at 62.20 per dollar versus 62.22 Friday.

The euro held steady, rising initially in relief following a conditional loan extension deal for Greece, but losing steam as caution towards the debt saga persisted.
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Indian Stock Market Closing News

The market snapped 7th day winning streak today by closing with major loss. The Sensex ended down 230.86 points or 0.8 percent at 29231.41 and the Nifty slipped 61.70 points or 0.7 percent  at 8833.60. About 1490 shares have advanced, 1436 shares declined, and 204 shares are unchanged.

BHEL was up 5 percent while ITC, Hindalco, M&M and Dr Reddy's Labs were big gainers in the Sensex. Reliance lost 3 percent. ICICI Bank, Tata Power, Infosys and Bharti Airtel were major laggards in the Sensex.

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Indian Equity Market Tips and Strategy

Sensex falls 100 pts; ICICI & RIL drag, sugar stocks rally

The market has opened lower on last day of the week. The Sensex lost 114.78 points to 29347.49 and the Nifty fell 26.10 points to 8869.20. About 574 shares have advanced, 302 shares declined, and 127 shares are unchanged on the BSE.

Reliance Industries, ICICI Bank and Coal India declined 1.5-2 percent. HDFC, SBI, TCS, ITC, Axis Bank and HUL were down 0.3-0.8 percent while Tata Motors, Cipla, Hindalco, Maruti, M&M, Hero Motocorp and BHEL gained 0.3-1 percent.

 Sugar stocks rallied 6-10 percent after cabinet cleared subsidy for raw sugar exports and fixed subsidy at Rs 4000/tonne for sugar season FY15.

The competition watchdog waved the green flag to Ajay Singh's plans to acquire majority stake in SpiceJet. Speaking exclusively to CNBC-TV18 Singh says first tranche of Rs 400 crore will come in next week and the second tranche by the end of March.

The Indian rupee gained in the early trade. It has opened higher by 13 paise at 62.21 per dollar versus 62.34 Wednesday.

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Stock Market Closing News— Nifty ends tad below 8900, Sensex up

After a heady swing, the market ended wirth some smart gains. The Sensex was up 142.01 points at 29462.27 and the Nifty gained 26.20 points at 8895.30. About 1374 shares have advanced, 1514 shares declined, and 198 shares are unchanged.

Sesa Sterlite was up 7 percent, Hindalco gained 3 percent. Tata Power and M&M are other top gainers in the Sensex. Heavyweights like Infosys, SBI, Tata Motors and ICICI Bank were losers in the Sensex.
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@ Equity Tips  or call at 0731-6615050, 9993066624.