Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Markets continue their upward momentum
Wed, 2 Apr Closing

Indian equity markets started the day on a positive note and never looked back. However, the markets did pare some gains after hitting record highs for the eighth straight session. Heavy capital inflows coupled with firm global cues propped up the trading sentiment here. Realty and Pharma stocks were the biggest gainers. While the BSE-Sensex closed higher by 105 points, the NSE-Nifty closed higher by 31 points. BSE Mid Cap and the BSE Small Cap closed on a positive note.

As regards global markets, Asian indices closed in the green. European indices have also opened firm. The rupee was trading at Rs 59.75 to the dollar at the time of writing.

The Election Commission (EC) has allowed the Reserve Bank of India (RBI) to issue new bank licences. The EC letter was in response to the RBI's March 12 request for guidance on whether it would be appropriate for it to go ahead with the announcement of in-principle approvals for banking licences. This was in view of the model code of conduct for the Lok Sabha elections, which came into force on March 5. The RBI is expected to announce the new licensees shortly. The RBI governor, while unveiling the bi-monthly monetary policy on Tuesday, had said that the central bank would expedite the process and grant licences once it got the EC approval.

Reliance Industries (RIL) has received a US$ 500 m loan from the Export Development Canada (EDC), Canada's leading financier and insurer of Canadian exporting companies. EDC provided the financing in response to the increasing business that RIL has been undertaking with Canadian companies since 2004, when EDC first became one of their financiers. The transaction is among the largest financing packages that EDC has ever extended in Asia. Since 2010, RIL has been regularly doing business with approximately 50 Canadian companies. Of these companies, 33% were small to medium-sized companies. EDC has been actively engaged with RIL for making introduction to Canadian capabilities.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Markets continue their upward momentum". Click here!

1 Responses to "Markets continue their upward momentum"


Apr 2, 2014

The market is responding as per expection of stable goverement at center.

Equitymaster requests your view! Post a comment on "Markets continue their upward momentum". Click here!

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Mar 19, 2018 (Close)