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LORD JESUS CHRIST SAYS

and whoever wants to be first must be slave of all. For even the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many.”

18 Feb 2016

STOCK MARKET- LIVE:SENSEX RALLIES OVER 300 POINTS,NIFTY RECLAIMS 7,200.



9:40 a.m.Gaurang Shah of Geojit BNP Paribas says PSU banks will emerge stronger after clean up; SBI, Union Bank, Bank of Baroda can do well.

9:30 a.m.: Market analyst Sharmila Joshi says traders will look to exit at 7,200-7,250 to make small gains as there is no confidence about the pullback.

9:25 a.m.: Jindal Steel was the top gainer from the mid-cap space. The stock advanced 4.3 per cent to Rs 59.50. Crompton Greaves, Pidilite Industries, Union Bank of India, Oberoi Realty, Wockhardt, Glenmark and JSW Energy were also among the gainers, up 2.6-3.4 per cent each.

9:20 a.m.: The Sensex rallied over 300 points and Nifty moved closer to its crucial psychological level of 7,200 on the back of positive global cues.

Buying was visible across the sectors. Capital goods, oil & gas, banking, FMCG, realty, metal and pharma indices rose above over 1 per cent each.

The broader markets were also witnessing buying interest. The BSE mid-cap and small-cap indices advanced over a per cent each.

From the Nifty-50 basket of stocks, 47 stocks were gaining while only 3 were declining.

Bank of Baroda was the top Nifty gainer, up 4.6 per cent to Rs 145. Hindalco, Vedanta, Dr Reddy's Labs, Cairn India, Tata Motors, Larsen & Toubro, ICICI Bank, State Bank of India and ONGC also advanced 2.2-3.8 per cent each.

8:10 a.m.: The Sensex and Nifty are likely to open on a positive note in trades today tracking gains on Nifty futures traded on the Singapore Stock Exchange amid firm global cues.

The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was up 0.64 per cent or 45 points at 7,181.

Meanwhile, Asian stocks rose on Thursday and safe-haven government bond prices fell as crude oil prices extended gains on hopes that big producers will cap production, improving investors' appetite for riskier assets.

Crude remained the main market driver, with oil prices up as much as 3 percent in early Asian trade following a 7 percent jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.

Japan's Nikkei advanced 2.47 per cent, Hong Kong's Hang Seng rose 2.3 per cent and China's Shanghai Composite was up 0.5 per cent.

Overnight, US stocks rallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.

Nine of the 10 major S&P sectors closed higher, with energy rising 2.9 percent.

The S&P 500 posted its first three-day rally of 2016, and ended with its biggest three-day percentage rise since August. With Wednesday's performance, the Dow industrials had erased nearly all its losses for February.

The Dow Jones industrial average rose 257.42 points, or 1.59 percent, to 16,453.83, the S&P 500 gained 31.24 points, or 1.65 percent, to 1,926.82 and the Nasdaq Composite added 98.11 points, or 2.21 percent, to 4,534.07.

Back home, foreign institutional investors sold shares worth Rs 560 crore while domestic institutional investors bought shares worth Rs 384.53 crore on Wednesday.

(With inputs from Reuters)



 
9:30 a.m.: Market analyst Sharmila Joshi says traders will look to exit at 7,200-7,250 to make small gains as there is no confidence about the pullback.
9:25 a.m.: Jindal Steel was the top gainer from the mid-cap space. The stock advanced 4.3 per cent to Rs 59.50. Crompton Greaves, Pidilite Industries, Union Bank of India, Oberoi Realty, Wockhardt, Glenmark and JSW Energy were also among the gainers, up 2.6-3.4 per cent each.
9:20 a.m.: The Sensex rallied over 300 points and Nifty moved closer to its crucial psychological level of 7,200 on the back of positive global cues.
Buying was visible across the sectors. Capital goods, oil & gas, banking, FMCG, realty, metal and pharma indices rose above over 1 per cent each.
The broader markets were also witnessing buying interest. The BSE mid-cap and small-cap indices advanced over a per cent each.
From the Nifty-50 basket of stocks, 47 stocks were gaining while only 3 were declining.
Bank of Baroda was the top Nifty gainer, up 4.6 per cent to Rs 145. Hindalco, Vedanta, Dr Reddy's Labs, Cairn India, Tata Motors, Larsen & Toubro, ICICI Bank, State Bank of India and ONGC also advanced 2.2-3.8 per cent each.
8:10 a.m.: The Sensex and Nifty are likely to open on a positive note in trades today tracking gains on Nifty futures traded on the Singapore Stock Exchange amid firm global cues.
The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was up 0.64 per cent or 45 points at 7,181.
Meanwhile, Asian stocks rose on Thursday and safe-haven government bond prices fell as crude oil prices extended gains on hopes that big producers will cap production, improving investors' appetite for riskier assets.
Crude remained the main market driver, with oil prices up as much as 3 percent in early Asian trade following a 7 percent jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.
Japan's Nikkei advanced 2.47 per cent, Hong Kong's Hang Seng rose 2.3 per cent and China's Shanghai Composite was up 0.5 per cent.
Overnight, US stocks rallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.
Nine of the 10 major S&P sectors closed higher, with energy rising 2.9 percent.
The S&P 500 posted its first three-day rally of 2016, and ended with its biggest three-day percentage rise since August. With Wednesday's performance, the Dow industrials had erased nearly all its losses for February.
The Dow Jones industrial average rose 257.42 points, or 1.59 percent, to 16,453.83, the S&P 500 gained 31.24 points, or 1.65 percent, to 1,926.82 and the Nasdaq Composite added 98.11 points, or 2.21 percent, to 4,534.07.
Back home, foreign institutional investors sold shares worth Rs 560 crore while domestic institutional investors bought shares worth Rs 384.53 crore on Wednesday.
(With inputs from Reuters)


  

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