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Friday 27 February 2015

Sensex surges 197 points, Nifty up 50 points on hopes of growth-oriented Budget

Equity Trading Tips , Stock Cash Premium Tips, India General Budget 2015

The S&P BSE Sensex was trading higher by over 190 points on continued capital inflows and increased buying by retail investors ahead of Budget 2015-16 slated to be announced later in the day.
Bulls are hoping "Budget 2015" to be a game changer for the economy and market. All eyes are on the fiscal deficit number. Finance Minister "Arun Jaitley" is expected to remain committed to the path of fiscal consolidation.
At 10.45 am, the S&P BSE Sensex was trading higher by 197.03 points or 0.67 per cent at 29,417.15 and the CNX Nifty was trading up by 49.9 points or 0.56 per cent at 8,894.50.​
Top BSE gainers were Tata Steel, BHEL, HDFC, L&T and GAIL, while the major losers were Hero MotoCorp, Cipla, Wipro, Coal India and Hindalco.
Bank of Baroda, Tata Steel, BHEL, DLF and GAIL were the top five Nifty gainers, while the major losers were HCL Tech, Lupin, BHEL, Hero MotoCorp and Cipla.
Barring auto and healthcare, all other BSE sectoral indices were trading in the green. Among them, realty index was up 2.53 per cent, followed by capital goods 2.01 per cent, power 1.24 per cent and banking 1.22 per cent, while auto index was down 0.11 per cent and healthcare 0.09 per cent.
The Nifty opened 58 points up at 8,903, while the Sensex opened 191 points up at 29,411.

Oil and gas shares are gaining. ONGC is up 1.2%, RIL and GAIL are up 0.4%. 
Metal stocks are trading mixed. While Sesa Sterlite and Tata Steel have gained 1.5% and 1% each, Hindalco is down 
Capital Goods stocks are trading firm. BHEL and L&T have gained around 3% and 2% each. Defence Ministry shortlisted a consortium of Tata Power-Strategic Electronics Division (SED) and L&T for the battlefield management project.  Tata Power is up 1.4%.
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