2 January 2015

Indian share market tips; Sensex ends nearly 400 points higher

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After the Indian share market ended on a high note. The S&P BSE Sensex extended its winning streak for the sixth straight session, and closed nearly 400 points up on hopes of reforms in banking space. The government has organized a two-day retreat for public-sector banks, insurance companies and financial Institutions in Pune. Markets are hoping for some reform announcements to come through at the conclave.
In Indian stock market,the stock 30-share index closed at 27,887.90, up 380.36 points or 1.38 per cent. It touched a high of 27,937.7 and a low of 27,519.26 in trade today. The Nifty ended at 8,395.45, up 111.45 points or 1.35 per cent. It touched a high of 8,410.60 and a low of 8,288.70 in trade today.The S&P BSE Midcap Index was up 0.86 per cent and the S&P BSE Smallcap Index gained 0.75 per cent.
The S&P Bankex surged 1.80 per cent, the S&P BSE Capital goods Index gained 1.82 per cent and the S&P BSE IT Index gained 1.43 per cent. HDFC (up 4.07 per cent), Tata Motors (up 2.83 per cent), BHEL (up 2.83 per cent), ICICI Bank (up 2.78 per cent) and Axis Bank (up 2.43 per cent) were among the major Sensex gainers.

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