Nifty ends above 8,800 on ECB stimulus

The market rallied for the seventh consecutive session on Friday, spiking nearly 2000 points on the Sensex (in seven days).

Benchmark share indices scaled record highs for the fourth straight session, amid a rallly in global stocks, after the European Central Bank announced higher-than-expected monetary stimulus measures to boost the economy in the euro zone.

The 30-share Sensex ended up 273 points at 29,279 and the 50-share Nifty surged 74 points at 8,836. The Sensex and the Nifty touched an intra-day high of 29,409 and 8,866 mark, respectively.

About 1140 shares have advanced, 1803 shares declined, and 253 shares are unchanged on the BSE.

 Cipla, L&T, HDFC Bank, HUL, M&M and Sesa Sterlite gained 2-3 percent whereas PNB, GAIL, BHEL, HCL Technologies and ONGC were down 1-2.7 percent. We provide all services through SMS and Instant Messenger.

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Stock Market Opening News & Tips

The market gained more than a percent in early trade on Friday following stimulus package announced by European Central Bank yesterday evening. The 50-share NSE Nifty surpassed 8800 level for the first time, up 93.30 points to 8854.70 and the 30-share BSE Sensex rallied 364.49 points to 29370.51. However, the broader markets underperformed benchmarks as the BSE Midcap and Smallcap indices gained 0.5 percent each. Nearly three shares advanced for every share declining on the Bombay Stock Exchange.
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Stock Market Closing Bell News by Money CapitalHeight

The market ended at record closing high ahead of European Central Bank meeting outcome later in the day. The 30-share BSE Sensex closed above 29000, up 117.16 points at 29006.02 and the 50-share NSE Nifty rose 31.90 points to 8761.40. About 1347 shares advanced while 1580 shares declined on the Bombay Stock Exchange. Axis Bank topped the buying list on Sensex, up 3.54 percent. Sun Pharma and DLF rallied 3.4 percent each. Tata Motors surged 2.65 percent after launching Bolt. ONGC and Cipla gained 1.5-2 percent.
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Live Morning Stock Market News & Trading Tips

The market opened higher on Thursday following positive global cues. The 30-share BSE Sensex touched 29000 level for the first time, up 108.24 points at 28997.10 while the 50-share NSE Nifty hit 8750, up 19.50 points at 8749.

About 721 shares have advanced, 263 shares declined, and 198 shares are unchanged on the Bombay Stock Exchange.

Suzlon Energy gained 8 percent in opening trade as the turbine maker sold its German arm Senvion for euro 1 billion to to US-based PE Centerbridge Partners for debt reduction. However, the stock could not sustain the upside.

Sesa Sterlite topped the buying list, up nearly 3 percent after the company received approval for renewal of all mining leases in Goa. It expects to resume mining in near future after regulatory nods.

ITC, Infosys, ONGC, Sun Pharma, Bajaj Auto, Hero Motocorp, Cipla and Tata Steel gained 0.7-1.3 percent. However, ICICI Bank, Reliance Industries, Bharti Airtel and NTPC fell 0.4-1 percent on profit taking.

The Indian rupee opened with marginal gains of 4 paise at 61.60 per dollar today versus 61.64 Wednesday.

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Indian Stock Market Closing Bell

The market closed higher for the fourth consecutive session on Wednesday. The 30-share BSE Sensex rose 104.19 points to 28888.86 while the 50-share NSE Nifty closed above the 8700 level for the first time, up 33.90 points or 0.39 percent at 8729.50.

About 1236 shares have advanced, 1710 shares declined, and 261 shares are unchanged on the BSE. HUL topped the buying list on Sensex, up 5.09 percent whereas ITC was the biggest loser, down 5 percent post disappointing volume growth in cigarettes business. For 2 Days Free Trial, please visit our site at http://www.capitalheight.com/ or Call at 0731-

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