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BSE Sensex gains 1,241 points, logs biggest 2-day rally in 8 years; here is why

Thu March 03 2016, 7:12 am
  • BSE SENSEX, NSE NIFTY IT stocks brexit

    Stocks of IT majors such as Tata Consultancy Services, Infosys, Wipro were trading down by 2.91 per cent, 1.39 per cent and 0.66 per cent, respectively, in the morning trade (at 11.23 am). (Reuters)

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    Market sentiments remained upbeat in the past two trading sessions as talk of a rate cut by the Reserve Bank of India (RBI) gained momentum following the government’s commitment to the fiscal deficit roadmap as displayed in Budget 2016 while the Indian rupee rose against the US dollar, which supported the upbeat mood. (Reuters)

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    UBS has projected a year-end target of 7,500 for Nifty, with the investment bank expecting the Reserve Bank of India (RBI) to cut interest rates during 2016. The downside for Nifty has been set at 6,550. “We expect 50 basis points of policy rate cuts in 2016 (from 25 basis points) as the Budget should give the RBI sufficient space,” UBS said in a report released after the presentation of the Union Budget 2016-17 by Finance Minister Arun Jaitley. Indian rupee recovered by 0.67 per cent to 67.70 to a dollar on March 2 from 68.15 on March 1, according to the data available with the Reserve Bank of India. (Reuters)

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    9. BSE Sensex back at 30,000-mount? Morgan Stanley says so: Stating that the Indian equities will outperform their global peers for the next 18 months, American brokerage Morgan Stanley said it expects the BSE Sensex to regain its life time high of 30,000-mark in a best case scenario by next March. The brokerage has a 'bull case' target of 30,000 points for the benchmark Sensex and a 'base case' target of 27,500 by March next, Morgan Stanley India Equity Research Head Ridham Desai told reporters here. (Reuters)

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    (Reuters)

  • Sensex, bse sensex, stocks market, sensex today, sensex share price, sensex market, stocks today, budget 2016, budget announcements

    (Reuters)

  • Crompton greaves crompton greaves consumer electricals

    Crompton Greaves demerged consumer business, Crompton Greaves Consumer Electricals listed on BSE and NSE on Friday as a separate entity. (Photo: Reuters)

  1. G
    guru
    Mar 2, 2016 at 2:10 pm
    1241 points.wow where is that as BSE is concerned its over 463 points
    Reply
    1. G
      guru
      Mar 2, 2016 at 2:09 pm
      Reply

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