Stock Markets

Bulls rock the market: BSE gains 317 pts; Nifty surges 93 pts

Bulls rocks the market: BSE gains 317 pts; Nifty surges 93 pts The Indian market finally breaks its three days losing streak, and settled the day with handsome gains.

On Thursday, the domestic benchmark Index opened the day marginally up, but suddenly it turned volatile tracking mixed cues from the markets all over the world.

However, after touching intraday low, the benchmark indices bounced back on good buying interest. After that, the market didn't turn back and continued to extend its gains tracking recovery in the Asian markets.

Wall Street gains on company results that beat estimates

Wall Street gains on company results that beat estimatesWashington - US stocks gained Thursday after energy, technology and tourism firms posted smaller-than-expected losses despite the deep, ongoing US recession.

Marriott International Inc, the largest US hotel chain, posted a net loss of 25 million dollars in the first quarter, largely on one- time restructuring costs that signalled the company was on its way back to profits. Marriott shares jumped 12 per cent.

Indian Stock Market Roundup and Analysis for Friday: Nirmal Bang

Indian Stock Market Roundup and Analysis for Friday: Nirmal BangAfter volatile session, Indian Stock Markets bounced back smartly. Ending three days of consolidation and range-bound activity, NSE Nifty closed above its 200-day moving average of 3,392. The Sensex hit an intraday high of 11,203 before closing the day at 11,135 up 317 points or 2.93%. The Nifty ended up 2.8% or 93 points higher at 3,424 after hitting a high of 3,439 and low of 3310.

Market analysts want Congress to come back to power for stability

Market analysts want Congress to come back to power for stabilityLondon, Apr. 23: England ‘s cricket selectors are likely to show the door to Warwickshire batsman Ian Bell for the upcoming Test series against the West Indies, though as of now, there is nothing official about it.

Apart from Bell, three contenders are in the running for the number three spot in the England squad – Michael Vaughan of Yorkshire, Ravi Bopara of Essex and Owais Shah of Middlesex, The Independent reports.

Hong Kong shares rebound by 2 per cent after two-day losing streak

Hong KongHong Kong - Hong Kong shares climbed by more than 2 per cent Thursday, ending a two-d

See Growth Recovery During The Second Half Of FY10: Goldman Sachs

goldman sachsTushar Poddar of Goldman Sachs expects growth recovery by the second half of FY10 in spite of the overhang of election and the fiscal deficit as fundamentals and macros are getting better.

Poddar also said that that as compared to the first half of CY09, the second half of CY09 would have more opportunities.

Tushar agrees with the central bank's growth estimation, and sees India's FY10 growth at 5.8%.

He said that if the banking institutions carry on slashing lending as well as depository rates, investors should see an uptick by the second half.

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