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Tuesday, January 20, 2015

Indian stock markets rise as build-up till Union Finance Budget starts

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(20-1-2015 - LiveBombayStockExchange) - Bull run continues for Indian stock markets as the build-up for the union finance budget gained some momentum. Benchmark Indian stock indices including the 30 component SENSEX and National Stock Exchange's NIFTY 50 reached all time high's during the day's trade today. Nearly 200 components of
Bombay Stock Exchange touched all time high today.

Bombay Stock Exchange's SENSEX touched an all time high of 28829.29 points today while NIFTY 50 also crossed 8700 mark during intraday trade today. Nifty50 index ended the day at 8,695.60, up 144.90 points today, while BSE's SENSEX closed higher by 522.66 points at 28784.67. Almost all of the banking stocks including Yes Bank, Axis Bank, ICICI bank, HDFC touched their all time high today. Investor mood also got a boost from expected rate cut from Reserve Bank of India in coming month probably before the budget session of this year.

Thus stock market shall remain in upbeat mood till the Union budget is presented in february 2015.

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