Tuesday, June 30, 2015

Live: Sensex Jumps Over 150 Points, Nifty Above 8,350 in Late Trades

Sharemasterindia.com 3:30 p.m.: The Sensex provisionally closed 136 points higher at 27,781 and the Nifty jumped 52 points to provisionally settle at 8,370.

3:25 p.m.: The European markets were trading with a negative bias. Gemany's DAX was down 0.3 per cent, French CAC 40 Index slipped 0.2 per cent and Britain's FTSE 100 fell 0.6 per cent.

3:23 p.m.: Idea Cellular, Coal India, Zee Entertainment, Lupin, Sun Pharma, Tata Steel, HUL, ACC, Kotak Mahindra Bank, ITC, IndusInd Bank and Bharti Airtel were among the top gainers on the Nifty.

3:14 p.m.: Buying resumed across the sectors. Banking stocks which were trading with a negative bias rebounded from the intraday lows and the Bank Nifty was up 0.5 per cent. FMCG, pharma, metal, auto and auto stocks were also witnessing buying interest.

3:09 p.m.: Jeremy Cook, chief economist with World First told NDTV that yes vote in referendum would mean that PM Alexis Tsipras resigns and a technocratic government will come into power just like what happened in Italy and no vote would mean that Greece would exit from the Eurozone.

3:00 p.m.: The markets jumped in the late trade after reports surfaced which suggested that the Greek PM Alexis Tsipras will be considering some of the EU proposals.

The Sensex advanced 140 points to 27,785 and the Nifty advanced 52 points to 8,370.

2:55 p.m.: CNX FMCG index has jumped 1.8 per cent. United Breweries, Emami, Godrej Consumer Products, Marico, Tata Global Beverages, Colgate Palmolive, Britannia Industries, ITC, Dabur and HUL were among the top gainers, up 1-6 per cent each.

2:48 p.m.: Lakshmi Vilas Bank cuts base rate by 15 basis points to 10.95 per cent, stock down 0.5 per cent at Rs 91.95.

2:40 p.m.: Eurozone stocks, low-rated bonds and the euro weakened on Tuesday as Greece looked set to default on a repayment due to the International Monetary Fund and to plunge deeper into financial crisis.

There was little evidence of panic, however, with investors pointing to Europe's improved ability to fight financial contagion since the height of the euro debt crisis in 2011.

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