Sharemasterindia.com 3:30 p.m.: The Sensex provisionally closed 398 points higher 27,714 and the Nifty provisionally ended at 8,351, up 126 points.
3:28 p.m.: Shrikant Chouhan of Kotak Securities told NDTV that, Bharti Airtel is out of the breakout of falling range and the stock can cross Rs 500 in the couple of months. Stock has good support at Rs 410-420.
3:22 p.m.: Bharti Airtel was among the notable losers on the Nifty. The stock fell 2 per cent to Rs 425. Reliance Industries, Lupin, UltraTech Cement, ONGC and Idea Cellular were also among the laggards.
3:10 p.m.: "Progress on monsoon and stance of U.S. Fed by September end would determine whether or not RBI would cut rates in October," Aneesh Srivastava, chief investment officer at IDBI Federal Life Insurance told Reuters.
2:55 p.m.: Vineet Singh Hukmani, managing director at Radio One, told NDTV that the company will raise Rs 115 crore through debt and equity to prepare itself for the phase 3 of FM auction. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala will invest Rs 25 crore in the company, added Mr Hukmani.
2:50 p.m.: Valuations wise large private sector banks have become attractive after 10-12 per cent correction they faced some time back and people are adding private sector banking stocks to their portfolios, says Diljeet Kohli of IndiaNivesh.
2:45 p.m.: ICICI Bank has contributed 68 points to the rally on the Sensex. HDFC, HDFC Bank, Infosys, ITCS and Axis Bank collectively contribute 226 points to the over 450 points rally.
2:40 p.m.: Mid-cap stocks witness buying. The BSE mid-cap index was up 1.4 per cent at 10,634. IndiaBulls Real Estate was the top gainers from this space, up 27 per cent at Rs 53.5. J P Power Ventures, HDIL, GMR Infra, Unitech, Karanataka Bank, Peninsula Land, IVRCL, J P Associates and Bombay Rayon Fashions were also among the gainers, up 6.5-11.5 per cent each.
2:28 p.m.: Next Mediaworks shares have jumped 50 per cent over the last week on the company's proposal to raise capital. Next Mediaworks, the holding company of Next Radio that operates FM channels under the brand name of "Radio One", is planning to raise Rs 115 crore through debt and equity for phase 3 of FM auction.
3:28 p.m.: Shrikant Chouhan of Kotak Securities told NDTV that, Bharti Airtel is out of the breakout of falling range and the stock can cross Rs 500 in the couple of months. Stock has good support at Rs 410-420.
3:22 p.m.: Bharti Airtel was among the notable losers on the Nifty. The stock fell 2 per cent to Rs 425. Reliance Industries, Lupin, UltraTech Cement, ONGC and Idea Cellular were also among the laggards.
3:10 p.m.: "Progress on monsoon and stance of U.S. Fed by September end would determine whether or not RBI would cut rates in October," Aneesh Srivastava, chief investment officer at IDBI Federal Life Insurance told Reuters.
2:55 p.m.: Vineet Singh Hukmani, managing director at Radio One, told NDTV that the company will raise Rs 115 crore through debt and equity to prepare itself for the phase 3 of FM auction. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala will invest Rs 25 crore in the company, added Mr Hukmani.
2:50 p.m.: Valuations wise large private sector banks have become attractive after 10-12 per cent correction they faced some time back and people are adding private sector banking stocks to their portfolios, says Diljeet Kohli of IndiaNivesh.
2:45 p.m.: ICICI Bank has contributed 68 points to the rally on the Sensex. HDFC, HDFC Bank, Infosys, ITCS and Axis Bank collectively contribute 226 points to the over 450 points rally.
2:40 p.m.: Mid-cap stocks witness buying. The BSE mid-cap index was up 1.4 per cent at 10,634. IndiaBulls Real Estate was the top gainers from this space, up 27 per cent at Rs 53.5. J P Power Ventures, HDIL, GMR Infra, Unitech, Karanataka Bank, Peninsula Land, IVRCL, J P Associates and Bombay Rayon Fashions were also among the gainers, up 6.5-11.5 per cent each.
2:28 p.m.: Next Mediaworks shares have jumped 50 per cent over the last week on the company's proposal to raise capital. Next Mediaworks, the holding company of Next Radio that operates FM channels under the brand name of "Radio One", is planning to raise Rs 115 crore through debt and equity for phase 3 of FM auction.
