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Wednesday, February 18, 2015

Indian Stock markets rise on Budget optimism

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(18/2/2015 StockInvestingTips Bureau) - Looks like good days for Indian stock indices are here to stay, atleast till Finance Minister Arun Jaitley present maiden full Union Finance Budget on
28th february 2015 in Parliament.

Benchmark Indian Stock indices including BSE's SENSEX and NAtional Stock Exchange's NIFTY witnessed bulk stock purchasing. 50 component NSE's NIFTY50 ended at 8,882.65, up by 59.75 points, while Bombay Stock Exchange's 30 component blue chip index SENSEX ended the day at 29320.26, up by 184 points.

Both BSE's MIDCAP index and Smallcap index also ended higher today. Sector-wise BSE's Capital goods index led the gainer list, it was followed by BSE IT index which ended the day with a gain of 1.04 percent today. BSE's Metal index, Realty index, Oil and Gas index were on the wrong side as these sectors saw heavy stock selling today.

Investors look towards budget 2015 with optimism as market breadth remained healthy with 1640 gainers against 1274 losers. Moserbaer remained the most popular stock as it gained 19.95 percent today.

Top 5 SENSEX gainers for today:
1)Housing Development finance corporation
2)Tata Power company
3)Tata Consultancy services
4)Tata Motors
5)Mahindra and Mahindra Ltd

Top 5 SENSEX losers for the day
1)Hero Motocorp
2)Sesa Sterlite
3)Bharti Airtel
4)ONGC
5)Bajaj Auto Ltd

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