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LORD JESUS CHRIST SAYS

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened. Matthew 7:7-8

2 Mar 2016

STOCK MARKET- LIVE SENSEX SURGES OVER 400 POINTS; BANK SARES RALLY.

 
9:26 a.m.: The Sensex rallied as much as 431 points and the Nifty-50 moved above its crucial psychological level of 7,300 on the back of strong buying interest in rate sensitive stocks on hopes of a rate cut from the RBI governor Raghuram Rajan amid strong global cues.

At 9:25 a.m., the Sensex advanced 306 points to 24,085 and Nifty surged 95 points to 7,317.

8:00 a.m.: The Sensex is likely to extend yesterday's 777 point rally and Nifty may go beyond its crucial psychological level of 7,300 tracking positive trading of Nifty futures on the Singapore Stock Exchange amid strong global cues.

The Nifty futures traded on the Singapore Exchange was up 1.44 per cent or 104 points at 7,340.

Meanwhile, other Asian markets were also trading on a strong note. China's Shanghai Composite advanced 1 per cent, Hong Kong's Hang Seng surged 2.6 per cent and Japan's Nikkei rallied 4 per cent.

Overnight, Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging US factory and construction data suggested the world's biggest economy was regaining momentum.

The S&P 500 closed 2.39 per cent higher, leaving the index down 3 per cent in 2016 after partly recovering in recent weeks from a steep selloff in January. A rally in Apple shares helped give the Nasdaq Composite its strongest day since August.

Back home, after being on a selling spree since quite some time the foreign institutional investors bought shares worth
At 9:25 a.m., the Sensex advanced 306 points to 24,085 and Nifty surged 95 points to 7,317.
8:00 a.m.: The Sensex is likely to extend yesterday's 777 point rally and Nifty may go beyond its crucial psychological level of 7,300 tracking positive trading of Nifty futures on the Singapore Stock Exchange amid strong global cues.
The Nifty futures traded on the Singapore Exchange was up 1.44 per cent or 104 points at 7,340.
Meanwhile, other Asian markets were also trading on a strong note. China's Shanghai Composite advanced 1 per cent, Hong Kong's Hang Seng surged 2.6 per cent and Japan's Nikkei rallied 4 per cent.
Overnight, Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging US factory and construction data suggested the world's biggest economy was regaining momentum.
The S&P 500 closed 2.39 per cent higher, leaving the index down 3 per cent in 2016 after partly recovering in recent weeks from a steep selloff in January. A rally in Apple shares helped give the Nasdaq Composite its strongest day since August.
Back home, after being on a selling spree since quite some time the foreign institutional investors bought shares worthRs. 1,760.98 crore and domestic institutional investors purchased shares worth Rs. 317 crore on Tuesday.


 

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