10:50am Market Update: The Sensex jumped 320.59 points or
1.19 percent to 27331.90, and the Nifty rallied 94.90 points or 1.16
percent to 8276.40.
About 1642 shares have advanced, 486 shares declined, and 113 shares are
unchanged on the BSE.
10:20am FII View: Chris Wood, CLSA said Greed & Fear is
going to make some small adjustments in the Asia Pacific (ex-Japan)
relative-return portfolio this week.
The weightings in India and Vietnam will be increased by 1 percentage point
each, with the money being raised by shaving 1 percent point each from Hong
Kong and Indonesia, he added.
10:00am Market Check
The market remained strong in morning trade, rising over a percent led by
short covering in banking & financials, FMCG, healthcare, select auto and
oil stocks.
The Sensex climbed 284.54 points to 27295.85 and the Nifty jumped 79.45
points to 8260.95. Nearly four shares advanced for every share declining on the
Bombay Stock Exchange. The BSE Midcap and Smallcap indices gained 0.5 percent
and 1.2 percent, respectively.
ONGC and Oil India gained 3.5-4 percent after finance ministry official said
the government will bear entire fuel subsidy from now and upstream oil
companies will not have to share fuel subsidies anymore. They see fuel subsidy
for entire fiscal at Rs 40,000 crore. For more information please visit this
site www.sharemarket259.blogspot.in
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