Friday, 29 January 2016

Nifty end at 7563: Latest Stock Market Closing News By MarketMagnify

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The market has ended with big gains.

  • Sensex closed up 401.12 points or 1.6 percent at 24870.69 
  • Nifty was up 138.90 points or 1.9 percent at 7563.55. 
  • About 1561 shares have advanced, 1043 shares declined, and 183 shares are unchanged. 
  • Hero MotoCorp, Sun Pharma, Coal India, Bajaj Auto and Dr Reddy's Labs were top gainers while SBI, Tata Steel, ICICI Bank, NTPC and ITC were losers in the Sensex.

Share Market Tips: BSE seeks Sebi approval to launch IPO

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"Top stock exchange BSE has sought approval from capital markets regulator Sebi to launch initial public offer, saying it is in compliance with all the regulatory requirements for the listing."

BSE has been seeking to get listed for a long time and it had earlier filed an application with Sebi in this regard in 2013.

In a fresh communication, BSE has now written to the Securities and Exchange Board of India that it is in full compliance with the requirements of the new SECC (stock exchanges and clearing corporations) Regulations and therefore it can proceed with its IPO plans.

The exchange has requested Sebi to provide approval "permitting BSE to proceed with the IPO and listing of BSE's shares on a recognized stock exchange". 

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Nifty above 7450: Stock Cash Market Morning News Updates By MarketMagnify

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The market has opened volatile on first day of February series but immediately gained strength. 
  • Sensex rose 122.59 points to 24592.16 
  • Nifty climbed 45.50 points to 7470.15. 
  • ONGC, ITC, Coal India, HDFC, Bharti Airtel, Vedanta, Cairn India and Kotak Mahindra Bank rallied 1.8-4 percent while ICICI Bank tanked 5 percent. 
  • Maruti Suzuki, Axis Bank, Tata Motors and Dr Reddy's Labs lost ground. 
  • The Indian rupee gained in the early trade today. It has opened higher by 13 paise at 68.10 per dollar against previous close of 68.23.
Asian shares were trading higher with Shanghai and Hang Seng up 2 percent each. Nikkei gained 1 percent after Bank of Japan adopted negative interest rate policy. 
US equities closed higher as a rise in oil and gains in Facebook outweighed pressure from declines in biotech stocks and concerns about economic growth. The major indices ended off session highs but recovered from an intraday dip into negative territory.

Stock Cash Trading Tips with Stocks in News Updates by MarketMagnify

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ICICI Bank | Maruti Suzuki | L&T | Sun Pharma | Bharti Airtel | United Spirits | PC Jeweller | Cipla | Religare Enterprises | Majesco | Financial Technologies | Edelweiss Financial | Engineers India | Tide Water Oil | Muthoot Finance | SBBJ | Emami | Titan Company and Glenmark Pharma are stocks, which are in the news today.

Thursday, 28 January 2016

Stock Cash Market Closing News Updates by MarketMagnify

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The market has ended Janaury F&O series on flat note. 

  • Sensex was down 22.82 points at 24469.57 and the Nifty slipped 13.10 points at 7424.65. About 1248 shares have advanced, 1309 shares declined, and 179 shares are unchanged.
  • L&T, Bharti Airtel, Adani Ports, Hindalco and BHEL were losers in the Sensex. Among gainers were HUL, ITC, Reliance, Sun Pharma and M&M.