Business Samachar

Stock market at new high,  Sensex scales 78,000 1st time posted by NILESH WAGHELA  Mumbai: Benchmark Sensex breached the historic 78,000 level for the first time while Nifty settled at a new record high on Tuesday on buying in blue-chip bank stocks and Reliance Industries amid firm trends in Asian markets.  Bank Nifty also closed above 52,000 first time. Nifty likely to climb towards 24,000. The 23,500-23,550 area is likely to act as strong support going forward, experts said. The 30-share BSE Sensex jumped 712.44 points or 0.92 per cent to settle at a new closing peak of 78,053.52. During the day, the benchmark soared 823.63 points or 1 per cent to hit a fresh lifetime high of 78,164.71. The Nifty went up by 183.45 points or 0.78 per cent to settle at a record closing peak of 23,721.30. During the day, it climbed 216.3 points or 0.91 per cent to hit a new all-time high of 23,754.15. Among the 30 Sensex companies, Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra, Larsen ...

Stock market: Nifty may cross 20,000 mark thi week Price band : RS.156- 164 per equity share posted by; NILESH WAGHELA Mumbai: Macroeconomic dats like India, US inflation, crude prices, trading activities of FII and other global factors will determine D-St dynamics next week Indian equity market logged its best week in the last two months, with the Nifty 50 and the Sensex rising 1.98 percent and 2.64 percent at the close on September 8. The Nifty 50 managed to close beyond the crucial 19,800 mark at 19,819.95, while Sensex closed at 66,598.91. Going ahead, as August inflation numbers trickle in, it is important to monitor if the market momentum can sustain. Among sectoral indices, metal, realty and media led gains in the week gone by. Broader markets also continued their rally, with the Nifty Midcap 100 index gaining more than the Nifty even as the advance decline ratio stayed high at 1.15:1. The Nifty Midcap and Smallcap indices have now posted substantial gains for the third consecut...