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.bigprofitbuzz.com
Nifty futures were trading around 11,035-level on the Singaporean Exchange.
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