FIIs were net buyers with the tune of Rs.414.35 cr (prov. cash market fig).
At the close, the benchmark 30-share index, BSE Sensex added 265.39 or 1.46% at 18,439.48 with 25 risencomponents and the broad based NSE Nifty went up by 86.05 or 1.58% at 5,531.50 with 44 components rise.
At the close, the benchmark 30-share index, BSE Sensex added 265.39 or 1.46% at 18,439.48 with 25 risencomponents and the broad based NSE Nifty went up by 86.05 or 1.58% at 5,531.50 with 44 components rise.
Union Cabinet is likely consider a Constitution Amendment Bill tomorrow, to pave the way for implementation of Goods and Services Tax (GST), also boosted sentiments.
As per reports, the Union Cabinet is likely consider a Constitution Amendment Bill tomorrow, 15 March 2011, to pave the way for implementation of Goods and Services Tax (GST), a major indirect tax reform proposal. The GST will subsume indirect taxes like exciseduty and service tax at the central level and VAT on the states front, besides local levies.
Meanwhile, the fourth advance tax payment installment due 15 March 2011 will provide a cue on Q4 results of individual firms. Indian Corporates are required to pay advance tax in four installments based on estimated tax liability for the year under review.
FOR TODAY: EU as well as US markets closed in RED. Earlier, US markets were trading down 1%; However, it has tried to cover and ended nearly 0.5% down. All Asian markets are trading in DEEP RED. Nikkei (Japan) is BLOCKED at 8999.73 (- nearly 8%), Shanghai (China) is trading down more than 4%. SGX Nifty is trading at 5382, down 173.50 at 8.45am. NIFTY WILL OPEN A BIG BIG GAP-DOWN, NEARLY 5380-5400 AREA.
NOTE: HOLDING RIL 1000PE @14 TAKEN YESTERDAY.
NOTE: HOLDING RIL 1000PE @14 TAKEN YESTERDAY.
