It's a firm Friday as the Nifty rallies to 5800 on day one of the July series. Commodities and capital goods lead the upmove. The BSE Sensex is up 501.42 points or 2.66 percent at 19377.37, and the Nifty is up 147.15 points or 2.59 percent at 5829.50., gaining 123.65 points. About 1331 shares have advanced, 752 shares declined, and 132 shares are unchanged.
Jindal Steel (up 6.2 percent), BHEL (up 6 percent), Coal India (up 4.5 percent), Tata Motors and HDFC are lead gainers in the Sensex.
The FM clarifies that the government has only fixed output prices for gas and input prices for power and fertiliser will be fixed later. ONGC and Oil India come off highs due to fear of higher subsidy burden. Power and fertiliser companies get excited on the news.
Indian equity benchmarks extended gains in afternoon trade, rising more than 2.25 percent on further buying in index heavyweights like Reliance Industries and HDFC that gained 3.3 percent and 4 percent, respectively
Indian rupee rose above the 59.50 level, gaining 77 paise to 59.42 per dollar as against previous day's closing of 60.18 per dollar.
The appreciation seen in the Indian currency today is on the back of upbeat equity market, global risk-on sentiment and recent gas price hike
Jindal Steel (up 6.2 percent), BHEL (up 6 percent), Coal India (up 4.5 percent), Tata Motors and HDFC are lead gainers in the Sensex.
The FM clarifies that the government has only fixed output prices for gas and input prices for power and fertiliser will be fixed later. ONGC and Oil India come off highs due to fear of higher subsidy burden. Power and fertiliser companies get excited on the news.
Indian equity benchmarks extended gains in afternoon trade, rising more than 2.25 percent on further buying in index heavyweights like Reliance Industries and HDFC that gained 3.3 percent and 4 percent, respectively
Indian rupee rose above the 59.50 level, gaining 77 paise to 59.42 per dollar as against previous day's closing of 60.18 per dollar.
The appreciation seen in the Indian currency today is on the back of upbeat equity market, global risk-on sentiment and recent gas price hike
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