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Wednesday, February 11, 2015

Indian Stock Markets rise for second consecutive day

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(11/2/2015 StockInvestingTips Bureau: Upward trend for benchmark Indian Stock indices continued for second consecutive day as investors did value stock market investing
today. After 7 days of rout due to inevitable correction of stock indices many of the stocks are currently in value pricing range, Investors remained cautious and picked up banking stocks today.

National Stock Exchange's NIFTY50 index gained 61.85 points to close at 8627.40 pts. India's most watched large-cap index SENSEX ended the day at 28533.97, a gain of 178.35 points from yesterday's close. The blue chip index touched high of 28618.91 today. All the major Indices at BSE remained in green today, BSE Midcap Index gained 1.55 percent today while Smallcap Index closed higher by 1.47 percent.

BSE's Capital Goods index led the list of gainers as it closed up by 2 percent, followed by Metal index which gained 1.68 percent followed by Healthcare index at BSE. Market breadth remained positive at both Bombay Stock Exchange and National Stock Exchange with 774 gainers and 321 loser at NSE.

Top 5 SENSEX gainers for today:
1)AXIS BANK
2)Larsen and Toubro
3)Maruti Suzuki
4)Tata Steel
5)Reliance Industries

Top 5 SENSEX losers for today:
1)ONGC
2)Bharat Heavy Electricals
3)Tata Motors
4)Mahindra and Mahindra ltd
5)Cipla Ltd

Other stocks which remained in limelight today included State bank of India as it has appointed 9 merchant bankers for 15000 crore stake sale. Rakesh Jhunjhunwala raised his stake in Fortis Healthcare as stock rallied 20 percent today. SEBI bars Sukhchain Hire and Hoogly agrotech from raising any further money through any means. JSPL stock prices rise on coal block news.

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