Nifty closes above 5850 on FM's NIB proposal

Nifty closes above 5850 on FM's NIB proposalFinance ministers P Chidambaram's proposition in Parliament to set up National Investment Board (NIB) that monitor and advise ministries on expediting projects entailing investments in excess of  Rs 1,000 crore captivated market participants. The Sensex closed at 19339.90 up 168.99 points or 0.88% and the Nifty ended at 5876.20 up 51.20 points or 0.88%, About 1654 shares advanced, 1251 shares declined, and 560 shares remain unchanged. All the major sectoral indices ended in green, barring auto,...

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GDP slows down to 5.3% in Jul-Sept

GDP slows down to 5.3% in Jul-SeptGross domestic product (GDP) has slowed down to 5.3 percent in July- September versus 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. Poor performance of manufacturing and agriculture sectors pulled down growth in the second quarter.The manufacturing sector grew an annual 0.8 per cent during the quarter while agriculture output rose 1.2 per cent. However, growth gross fixed capital formation was up 4% year-on-year. Mining and quarrying sector, however, showed some improvement...

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SENSEX CLIMBS TO 19300

Sensex climbs to 19300; metals, realty lead early gainersBenchmark indices continued to build on the massive gains of the last couple of trading sessions, with the Sensex up nearly 150 points to 19316, and the Nifty up 35 points to 3860.Metals, capital goods and realty shares were the key gainers in early trade. Including the gains in the first half an hour of today’s trade, the Sensex has now gained over 750 points since Tuesdahttp://www.ways2capital.com/free-trial....

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Sensex crosses 19,000; up 24% YTD

The Sensex today breached the 19,000-mark for the first time in nearly two-months on persistent fund inflows on expectations that the government will be able to push through economic reforms.The 30-share barometer opened on a positive note and further picked up the momentum to to trade 192.13 points, or 1.02 per cent, higher at 19,034.21, a level last seen on October 5 (intra-day) this year.Stocks of consumer durables, FMCG, realty and auto sectors were in keen demand, helping Sensex to regain the 19,000 level. The BSE benchmarkSensex has rallied...

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