Market Watch

Wednesday 16 July 2014

Today’s Stock Market Updates -Indian Shares Surge Over 1%


The S&P BSE Sensex rallied as much as 374 points in trade on Wednesday to hit its intraday high of 25,602.78, supported by gains in banks, realty, autos and power stocks. 
176 stocks rose to their fresh 52-week high on the Bombay Stock Exchange, which include names like Bharat ForgeBSE 2.90 %, Bajaj FinservBSE 2.57 %, Eicher MotorsBSE -0.22 %, MCX, Sun PharmaBSE 0.67 %, Ranbaxy LaboratoriesBSE 0.60 %, ZEE EntertainmentBSE 1.49 % Ltd etc.
Indian shares rose over 1 percent on Wednesday, gaining for the second consecutive session, as lenders and infrastructure-related companies such as IDFC Ltd surged after the central bank exempted long-term bonds raised for the sector from reserve requirements.
The gains on Wednesday allowed the NSE index to recover all of its falls after the budget was unveiled on July 10 when Finance Minister first announced the country's measures to boost the infrastructure sector.

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