Daily market tips updates
06/22/2013

May WPI inflation eases to 4.7%
No cartel on rate cut, but have to answer shareholders: SBI
Sensex soars 351 pts, Bank Nifty up 2% ahead of RBI policy

Online PR News – 22-June-2013 – indore – ECONOMY ANALYSIS

May WPI inflation eases to 4.7%
No cartel on rate cut, but have to answer shareholders: SBI
Sensex soars 351 pts, Bank Nifty up 2% ahead of RBI policy
RIL-Sebi case: SAT adjourns final hearing to July 22
Indian cos directly invested $1.8bn overseas in May

FIPB defers decision on Jet-Etihad deal

MARKET ANALYSIS

Rising for the first time in four days, the BSE benchmark Sensex today gained a massive 350.77 points to close above the 19,000 level on allround buying by funds as lower headline inflation revived hopes of a rate cut by RBI next week, amid smart recovery in global markets.

The 30-share index started the day strong at 19,022.68 and increased further to settle 350.77 points, or 1.86 per cent, higher at 19,177.93. Sensex had slipped below the 19,000-level to 18,827.16 yesterday, losing 613.91 points, or 3.16 per cent in last three sessions.

Similarly, broad-based National Stock Exchange Nifty rose by 109.30 points, or 1.92 per cent, to close at 5,808.40.

The market heavy Reliance IndustriesBSE 3.15 % surged by 3.15 per cent to Rs 814, and second most heavy Infosys by 0.88 per cent to Rs 2,400. The most heavy ITC shot up by 1.41 per cent to Rs 331.40. The three stocks carry nearly 25 per cent weightage on the Sensex.

Sectorally, the consumer durable sector index gained the most, rising 3.52 per cent to 6,592.76 followed by auto sector by 3.01 per cent to 10,697.47