Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: empanelment :: ACCOUNTING STANDARD :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

Markets continue upward movement
April, 25th 2009

Indian equities markets continued their gaining streak this week, with a key index settling at a six-month high of 11,329.05 points on Friday. But questions on the sustainability of this uptrend remained unanswered.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended Friday at 11,329.05 points - a gain of 305.96 points or 2.78 percent over the previous week's close of 11,023.09 points.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) gained 2.8 percent from its last close to end at 3,480.7 points.

The Sensex hit an intra-week high of 11,362.8 points and a low of 10,715, while the Nifty hit an intra-week high of 3,491 points and a low of 3,296.9.

Broader market indices also continued to progress with the BSE midcap index going up 3.67 percent from its previous weekly close, while the BSE smallcap index gained 2.95 percent.

The markets closed on a volatile note Monday, with the Sensex falling 230 points from the day's high to close at 10,979.5 points - a decrease of 43.59 points or 0.4 percent from the previous close.

The key index touched an intra-day high of 11,209.66 points.

Similarly the Nifty lost 0.22 percent to end trade at 3,377.1 points.

In its annual review of the monetary policy, the Reserve Bank of India (RBI) slashed key policy rates Tuesday by 25 basis points to boost liquidity in the system and encourage banks to lend more.

That, however, failed to enthuse the bourses, which were more affected by the weakening cues at markets the world over.

The Sensex fell 81.39 points or 0.74 percent to close at 10,898.11 points, while the Nifty lost 0.35 percent from its previous close to end trade at 3,365.3 points.

Wednesday saw markets rebounding from the day's lows as investors sought to sell amid unclear conditions as to where the bourses were headed. The Sensex closed at 10,817.54 points - lower by 80.57 points or 0.74 percent.

The Nifty shed 1.04 percent from its previous close to end trade at 3,330.3 points.

Markets made gains Thursday, with the Sensex moving up more than 300 points to close the day at 11,134.99 points. This was an increase of 317.45 points or 2.93 percent from its last closing figure.

The Nifty gained 2.8 percent to close at 3,423.7 points.

Weak Asian cues failed to discourage Indian markets Friday with the Sensex moving up 194 points or 1.74 percent to end trade at 11,329.05 points.

The Nifty gained 1.67 percent to close at 3,480.75 points.

The top gainers in the Sensex were Reliance Power (up 14.8 percent), Wipro (up 13.6 percent), Reliance Infra (up 12.4 percent), ACC (up 11.5 percent) and Grasim (up 10.3 percent).

Losers included Ranbaxy (down 5.1 percent), Maruti (down 4 percent), ICICI Bank (down 1.5 percent), NTPC (down 1.2 percent) and ONGC (down 0.9 percent).

Data with market watchdog Securities and Exchange Board of India (SEBI) for the week ending Friday showed foreign funds were net buyers, lapping up scrips worth $275.31 million.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions