Latest propellant for Street: Hopes of higher gas price by month-end

Jun 07 2014, 09:58 IST
Comments 0
The BSE Sensex advanced 376.95 points or 1.51% to settle at 25,396.46 on Friday. The BSE Sensex advanced 376.95 points or 1.51% to settle at 25,396.46 on Friday.
SummaryBenchmark equity indices rose to yet another record high, with 1.5% gains on Friday.

spur demand for emerging-market assets.

The ECB lowered the deposit rate to minus 0.1% on Thursday and reduced the refinancing rate by 10 basis points to 0.15%. The MSCI Asia Pacific Index of shares rose to the highest level in more than seven months. Back home, nine out of 11 sectoral indices ended positive on Friday. BSE Realty and BSE Oil & Gas indices were top performers with 4.5-5.5% gains. However, metal and energy shares were in limelight this week driven by positive economic data and expectations of reforms measures by the new government.

Metal stocks rose about 15% in the last five trading sessions as Odisha state allowed eight iron-ore mines to reopen after the Supreme Courtís order.

Energy stocks gained 10.5% this week, bloomberg data showed.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...