Post Session-Sensex surges on firm global cues
29/12/2014 15:45
The key domestic benchmarks advanced for a second session on the trot on Monday as the Sensex rallied by more than 150 points led by gains in metal and auto stocks tracking a firm trend in Asia and a record finish at Wall Street on Friday. China’s Shanghai Composite rose while Hang Seng surged after reports suggested that China’s central bank eased rules for calculation of deposits and reserve requirements, allowing lenders to make more loans to boost credit growth and help spur a revival in the world’s second biggest economy. However, Japan’s Nikkei 225 fell as a stronger yen curbed the demand for exporter stocks. Back home, the Sensex may trade side-ways this week as investors stick to a cautious approach with the year approaching a close and ahead of the HSBC Manufacturing PMI to be released on Friday.
The BSE SENSEX closed at 27,395.73, up by 153.95 points or by 0.57 per cent, and then NSE Nifty ended at 8,245.85, up by 45.15 points or by 0.55 per cent.
29/12/2014 15:45
The key domestic benchmarks advanced for a second session on the trot on Monday as the Sensex rallied by more than 150 points led by gains in metal and auto stocks tracking a firm trend in Asia and a record finish at Wall Street on Friday. China’s Shanghai Composite rose while Hang Seng surged after reports suggested that China’s central bank eased rules for calculation of deposits and reserve requirements, allowing lenders to make more loans to boost credit growth and help spur a revival in the world’s second biggest economy. However, Japan’s Nikkei 225 fell as a stronger yen curbed the demand for exporter stocks. Back home, the Sensex may trade side-ways this week as investors stick to a cautious approach with the year approaching a close and ahead of the HSBC Manufacturing PMI to be released on Friday.
The BSE SENSEX closed at 27,395.73, up by 153.95 points or by 0.57 per cent, and then NSE Nifty ended at 8,245.85, up by 45.15 points or by 0.55 per cent.
