Equity trading tips: Sensex closes 192 pts up, Nifty above 8,400 mark
Rupee hits day's low of 63.87 against US dollar
Bharat Forge takes sudden plunge post Q4 show
Nikkei back to 15-year highs, above 20100 level
Libor rigging: UBS to settle probe, pay $545 mn
Gold slides to 1-week low | Brent crude @ $64
Value buying by investors and foreign funds, who had been selling Indian equities over the past several sessions, helped the markets close with handsome gains. After days of extreme volatility, markets finally appear to be consolidating.
Markets now await the monetary policy review of the RBI, which meets on June 2, for a definitive directional cue. The central bank is widely anticipated to ease rates on the back of weaker industrial output growth and benign inflation scenario.
The broader Nifty, too, gained over 70 points, but the key indices pared some gains as the trading session progressed. The gains were mostly led by technology and banking shares.
Sensex @ 27,837.21, up 191.68 points. Nifty @ 8,423.25, up 57.60 points.
BUZZING STOCKS:
Man Infra spiked nearly 4% after reports it may sell stake in realty project to Dilip Shanghvi.
Rupee hits day's low of 63.87 against US dollar
Bharat Forge takes sudden plunge post Q4 show
Nikkei back to 15-year highs, above 20100 level
Libor rigging: UBS to settle probe, pay $545 mn
Gold slides to 1-week low | Brent crude @ $64
Value buying by investors and foreign funds, who had been selling Indian equities over the past several sessions, helped the markets close with handsome gains. After days of extreme volatility, markets finally appear to be consolidating.
Markets now await the monetary policy review of the RBI, which meets on June 2, for a definitive directional cue. The central bank is widely anticipated to ease rates on the back of weaker industrial output growth and benign inflation scenario.
The broader Nifty, too, gained over 70 points, but the key indices pared some gains as the trading session progressed. The gains were mostly led by technology and banking shares.
Sensex @ 27,837.21, up 191.68 points. Nifty @ 8,423.25, up 57.60 points.
BUZZING STOCKS:
Man Infra spiked nearly 4% after reports it may sell stake in realty project to Dilip Shanghvi.
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