Sensex up by 465 points on march 25th 2011

Sensex has been raised by 465, the same kind of rise happened before July 2009.
A normal optimized state across Asian markets on Friday helped Indian equity indices register significant gains. The upward rally, led by information technology (IT), banking and infrastructure sectors, took the NSE Nifty above the mark of 5,600.
The BSE Sensex was up by 5.2% i.e 934 points, Foreign Institutional Investors (FIIs), started buying large number of front-line stocks after the recent correction. FIIs were net buyers of Rs 1,446 cr on Friday. They have bought Indian shares worth over Rs 2,000 cr this month.
The Sensex gained 464.90 points, or 2.53%, and closed at 18,815.64. More than 1,700 stocks gained and 1,199 fell. The Nifty closed the day at 5,654.25, up 131.85 points, or 2.39 %. Elsewhere in Asia, Hang Seng gained 243 points (1.06%), while the Shanghai Composite and Nikkei rose more than 1% each.The gains were led by the IT companies such as Accenture, Oracle and Infosys. The BSE IT index was the best performer of the day, gaining over four per cent, or 245 points. Infosys Technologies rose 5.23% to Rs 3,162.TCS and Wipro gained 2.26% and 3.68%, respectively. Banks were also in the limelight with State Bank of India gaining 2.18% to Rs 2,709.45.


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Indian stock market is losing its shine now a days but its still not over for our NSE and BSE. Current market correction will urge many new investors to join the Indian stock market
Its wrong to consider correction as bad for the stock market. Stock market correction is rather healthy for genuine investors.

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Prachi Dubey said...

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 334.60,-1.86%), ITC Ltd. (Rs. 317.30,-0.97%), ICICI Bank Ltd. (Rs. 1425.95,-0.88%), Axis Bank Ltd. (Rs. 1912.50,-0.63%), Reliance Industries Ltd. (Rs. 1054.40,-0.50%), among others.
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