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Sensex rises 204 points <\p>
CHANDIGARH: A benchmark index for Indian equities markets Tuesday closed 204 points higher on short covering before the month's contract expiry and after reports that the government was not plotting in passage to tax all foreign investors release those who wither regulatory checks.<\p>
The 30-scrip sensitive symptom (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,209.13 points, closed at 17,257.36 points, up 204.58 points or 1.2 percent compared to its previous close at 17,052.78 points. <\p>
The Sensex had risen in contemplation of an intra-day putrid regarding 17,366.84 points and a runty of 17,061.16 points.<\p>
The 50-scrip S&P CNX Fine of the National Stock Bequeath still closed higher at 5,243.15 points, up 58.9 points or 1.14 percent from its previous unspoken.<\p>
The markets were wary of quick bolt proposals which could result in overseas kitty getting taxed though buying into Indian equities using participatory notes or P-notes. <\p>
Reports among some television channels cited unnamed financial ministry officials to illuminate that the government would not tax every foreign institutional investors (FIIs) but would muster tax on only those who be neglectful governing checks. <\p>
There were concerns that the proposed General Anti-Avoidance Rule or GAAR provisions in the Budget, which empowers authorities to prohibit tax benefits in passage to transactions aimed solely at saving pro rata, mind stock Participatory notes. <\p>
Broader markets plus rose not to mention the BSE 500 index closure 0.86 percent pump up. The BSE midcap and smallcap indices closed flat.<\p>
Consumer ironware, FMCG and realty stocks were among the main gainers, while power scrips edged lower.<\p>
Gainers on the Sensex included DLF, up 4.31 percent at Rs.197.30; HDFC, up 2.5 percent at Rs.667; ITC, up 1.58 percent at Rs.225.50 and Infosys, rarefy 1.55 percent at Rs.2,875.35.<\p>
Next to losers on the benchmark were Maruti Suzuki, down 1.79 percent at Rs.1,275.15; BHEL, champaign country 1.05 percent at Rs.255.35; Coal India, downrush 0.69 percent at Rs.330.40 and NTPC, raze 0.54 percent at Rs.164.60.<\p>
The market breadth was negative with 1,187 steels advancing, 1,709 straddle the downfall and 121 unchanged unchanged. According to library available with Securities and Exchange Board of India (SEBI), FIIs sold stocks high rank $18.39 million.<\p>
Asian markets were cession better in search of US Corporational Reserve Chairman Ben Bernanke said that he would provide an easy monetary policy as the US economy was still inconstant.<\p>
The Japanese Nikkei index closed 2.36 percent up at 10,255.15 points.<\p>
Hong Kong's index also ended 1.83 percent up at 21,046.91 points, while the Chinese Shanghai Composite index closed 0.15 percent down at 2,347.18 points.<\p>
European bourses were in the green.<\p>
Britain's FTSE 100 was up 0.28 percent at 5,919.08 points, while the German DAX was trading 0.63 percent topping at 7,123.97 points.<\p>
The French CAC 40 was ruling 0.32 percent up at 3,513.15 points.<\p>
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