ECONOMY ANALYSIS
Nifty at higher-ever closing level on F&O expiry; SBI leads
See 5-10% upside in Indian mkt in near-term: Credit Suisse
ONGC falls 2%, stock quotes ex-dividend today
India Cements falls 2% on SC proposals in IPL scam probe
Lupin eyes Brazil after Mexico-Lab Grin acquisition: MD
Deutsche Bank says rally in mid caps can last; picks 7 bets
Companies Act 2013: 183 sections notified
Economists not very optimistic about growth in 2014-15
MARKET ANALYSIS
NEW DELHI: The S&P BSE Sensex has galloped a little over 5 per cent, or over 1,000 points, so far in the month of March, supported by strong buying by foreign institutional investors.
Overseas investors - betting big on the BJP-led government, headed by Narendra Modi at the Centre - have purchased net Rs 11,716 crore worth of stocks so far in 2014 as per recent data.
They had invested net Rs 1,404 crore in equities in February, and Rs 714 crore in stocks in January, PTI said in a report.
Following the momentum, the BSE Sensex index rallied nearly 200 points to hit its fresh record intraday high of 22,307.74, while the Nifty rose 69 points to hit a fresh high of 6,673.95. The BSE Sensex finally ended the day at 22,214.37; up 119.07 points, or 0.54%.
The S&P BSE mid cap index closed at 6,909.67; up 41.60 points, or 0.61%. The small cap index ended the day at 6,916.50; up 68.11 points, or 0.99%. IT index was a loser in today's rallying market. It shed 0.01%.
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