Indian bourses rose to one-month highs as Reliance Industries leaped on its mega merger plan. The Bombay Stock Exchange (BSE) Sensitive Index today opened at 17,067.14 tracking positive global vibes.
The Bombay Stock Exchange (BSE) Sensitive Index, or Sensex, which had declined 524.01 points, or 3.29 per cent, in the past four trading sessions, recouped nearly half its losses today.
Stock market indices were volatile in inraday trading and closed flat on Thursday after the International Monetary Fund (IMF) revised India’s growth projection based on the likely positive impact of fiscal and monetary stimulus packages.
After a dull week, the first day of the July series on Friday saw the Bombay Stock Exchange (BSE) sensitive index, or Sensex, rise 419 points to 14,764.64 on the back of positive global cues, a report from Tokyo-based Nomura Holdings that Indian stocks were “fairly valued” and arrival of monsoon in some states.
After falling for three days, the Bombay Stock Exchange (BSE) Sensitive Index, or Sensex, rose on Wednesday on positive cues from Asian and European markets as well as short-covering by market players before the futures and options (F&O) expiry.
The sharp fall in key oil company stocks, led by refinery major Reliance Industries (RIL), saw the domestic benchmark indices close the day on a low note.
Banking stocks led the biggest drop in two weeks on Monday at Bombay Stock Exchanges Sensex as troubles in the US sub-prime housing markets triggered a fall in stock prices across the Asian markets.
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