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 rises more than 300 points; ITC gains

Jun 24 2014, 11:05 IST
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BSE Sensex recovers nearly 155 points in early trade on emergence of buying by funds and retail investors. BSE Sensex recovers nearly 155 points in early trade on emergence of buying by funds and retail investors.
SummaryBSE Sensesx had lost nearly 490 points in the last four sessions.

The BSE Sensex rose more than 300 points on Tuesday as blue-ship stocks such as ITC Ltd gained on value buying.

The BSE Sensex was up 312 points while the Nifty rose 79 points as of 10:43 a.m. ITC rose 1.3 per cent after shares in India's largest cigarette maker closed 6.2 per cent lower in the previous session.

Among other heavyweights, Reliance Industries (RIL) was up 1.9 percent while State Bank of India (SBI) gained 2.1 per cent.

Asian shares clinched slender gains on Tuesday as improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone.

However, foreign institutional investors, who supported a 21 percent rally in the Nifty so far this year, sold Indian shares for the second straight day on Monday, with 2.15 billion rupees of stock offloaded.

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