Live Afternoon Indian Stock Market Tips Updates

The Indian stock market surges ahead. The Sensex is up 483.16 points or 1.9 percent at 25801.03 and the Nifty is up 150.95 points or 1.9 percent at 7839.20. About 1861 shares have advanced, 582 shares declined, and 83 shares are unchanged. Vedanta, Hindalco, Tata Steel, NTPC and Tata Motors are top gainers in the Sensex. Telecom stocks like Bharti Airtel, Idea and Reliance Communications are up as the government has approved spectrum trading norms.

TODAY INDIAN SHARE MARKET WRAP

• ·         Indian markets ended on bullish note. Nifty & Sensex up by 1.71% and 1.70%.

• ·         Asia Pacific mkt. mixed. Nikkei down by 2.49% & KOSPI down by 0.24%.
• ·         Wall St. Flat.USD ISM Manufacturing PMI down to 52.7.Dow fut. up by 230 pts. 

Indian broad indices showed upside movement and closed on positive note. On sectorial front PSU Bank, PSE and Metal were up while FMCG sector traded downside with 0.94%. Sensex was up by 424 points at 25317 & Nifty declined by 129 points to settle at 7688 level. European markets traded upside.
The mood remains quite bullish on the Indian bourses amid hopes the government will soon come out with some positive announcements on the reforms front. A firm trend in global markets thanks to some encouraging data out of Europe is also contributing to the buoyancy in the market.
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