DIIs asked to become 'buyers' in the equity market
Stocks rose for the first time in three days amid gains in European equities and US equity-index futures as Britons voted on whether to remain or leave the European Union. Tata Motors, owner of Jaguar Land Rover that gets about a quarter of its revenue from Europe, was the top gainer on the S&P BSE Sensex. Sun Pharmaceutical Industries and Dr Reddy's Laboratories both advanced for a second day. State Bank of India and HDFC Bank paced gains among lenders. ITC rallied to a two-week high. The Sensex stood at 27,002, a rise of 0.9 per cent, or 236.5 points, at the close in Mumbai, with the gauge erasing an intra-day loss of 0.1 per cent after European markets opened. The Stoxx Europe 600 Index jumped 1.8 per cent and Britain's benchmark FTSE 100 Index advanced 1.6 per cent. The India VIX Index, a measure of protection against stock-market swings, erased earlier gain of 3.5 per cent.
The S&P BSE Sensex advanced 0.4 per cent to 26,625.91 at the close in Mumbai
Still, analysts said markets would stabilise as investors await word on who will be appointed as the next RBI Governor
The benchmark index up by 129 points; Coal India & Tata Steel among the biggest gainers
In the past five sessions, FIIs bought in shares worth less than Rs 1,100 cr in cash segment
The Sensex added 0.3 per cent at the close in Mumbai, extending last week's 5.3 per cent rally, the steepest since March
Auto stocks will also take centre-stage as monthly sales figures roll in, experts say
L&T, Tech Mahindra, BPCL, and ITC were up more than 8% each after reported a better-than-expected Q4 results.
Sensex closes 486 points higher, Nifty above 8,050
Lupin slumps over 9%
This is part of the exchange's semi-annual reconstitution for S&P BSE indices and the changes will be effective June 20
Interview with Chief executive, institutional equities, Ambit Capital
Sun Pharma, HDFC, HUL, CIL and ONGC suffered losses
Among key earnings to be announced this week include Punjab National Bank, Lupin and ITC
The Sensex index increased 0.8 per cent to the highest since April 27
The 30-share Sensex slipped by 75 points in early trade on profit-booking in winners from Monday's 460-point rally
Markets edged higher in late trades led by Hindustan Unilever and Dr Reddy's Labs.
The movement of the Indian equity market can remain highly dependent on global cues in the near term
Housing Development Finance was the biggest gainer on the Sensex after the lender picked banks to arrange an Initial Public Offering of its life insurance venture