Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

BSE Sensex jumps over 245 pts ahead of second quarter data release

Nov 29 2013, 15:50 IST
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The Sensex had gained 114.65 points in the previous session. PTI The Sensex had gained 114.65 points in the previous session. PTI
SummaryBSE Sensex jumped as investors made fresh buying ahead of Q2 economic growth data.

The benchmark BSE Sensex today soared over 245 points in early trade as funds and investors made fresh buying ahead of second quarter economic growth data amid a mixed trend on other Asian bourses.

The 30-share BSE Sensex index rose by 245.15 points, or 1.19 per cent, to 20,780.06, led by gains in stocks of banking, metal, power and PSU sectors. The BSE Sensex had gained 114.65 points in the previous session.

Markets Top Gainers, Markets Top Losers

Similarly, the wide-based National Stock Exchange index Nifty moved up by 75.25 points, or 1.24 per cent, to 6,167.10.

Brokers said fresh commitments by participants before the release of the second quarter economic growth data later in the day and a mixed trend on other Asian bourses mainly buoyed the trading sentiment here.

In the Asian region, Hong Kong's Hang Seng index gained 0.35 per cent, while Japan's Nikkei Index lost 0.07 per cent in early trade today.

The US markets remained closed yesterday for Thanksgiving day holiday.

SGX Nifty higher; GDP, fiscal deficit data on radar

Nifty futures on the Singapore Exchange are 0.16 percent higher, while the MSCI-Asia Pacific excluding Japan index is unchanged.

Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled.

U.S. markets were closed on Thursday for Thanksgiving day holiday.

Foreign investors bought shares worth 1.02 billion rupees ($16.35 million) on Thursday, exchange data shows, while domestic institutional investors bought shares worth 3.30 billion rupees.

On watch, India to release April-October fiscal deficit data at 0630 GMT and September-quarter GDP data at 1200 GMT.

India's economic growth likely picked up slightly in the July-September quarter as improved manufacturing activity steered it from a four-year low in the previous three months, a poll showed on Tuesday.

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