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Live Market Updates: Heavy buying in bank, pharma take Sensex, Nifty to green

Feb 28, 2015, 03.13 PM IST | Source: Moneycontrol.com

Bank Nifty is up 3 percent. Axis Bank is up 7 percent, while ICICI Bank and Sbi are other gainers in the index. HUL and Sun Pharma are among major gainers in the Sensex.

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Live Market Updates: Heavy buying in bank, pharma take Sensex, Nifty to green

Bank Nifty is up 3 percent. Axis Bank is up 7 percent, while ICICI Bank and Sbi are other gainers in the index. HUL and Sun Pharma are among major gainers in the Sensex.

14:50

The News International Team

Aggressive buying in pharma and banks pulled the market to green. The Sensex is up 17.61 points at 29237.73 and the Nifty is up 18.75 points at 8863.35. About 1064 shares have advanced, 1555 shares declined, and 240 shares are unchanged.

Bank Nifty is up 3 percent. Axis Bank is up 7 percent, while ICICI Bank and Sbi are other gainers in the index. HUL and Sun Pharma are among major gainers in the Sensex.

“We are now embarked on two more game changing reforms. GST and what the Economic Survey has called the JAM Trinity – Jan Dhan, Aadhar and Mobile – to implement direct transfer of benefits. GST will put in place a state-of-the-art indirect tax system by 1st April, 2016. The JAM Trinity will allow us to transfer benefits in a leakage-proof, well-targetted and cashless manner,” FM said in his Budget speech.

(Posted by Nasrin Sultana)

14:35

Live Market Updates: Sensex, Nifty sluggish; Rev estimates for FY16 set at 16%

The FM said that the government wants to raise savings rate to 36 percent of GDP. He said that revenue projections for FY16 is set at 16 percent.

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Live Market Updates: Sensex, Nifty weak; FMCG, Infra bleed on Budget proposalsRead More »

Capital goods, FMCG and Metal indices are under heavy selling pressure. ITC, BHEL, NTPC and Hindalco are major losers in the Sensex.

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14:00

Live Market Updates: Nifty reclaims 8800 but still in red; ITC plunges 9%Read More »

ITC is down 9 percent on excise duty hike on cigarettes. BHEL is down 5 percent, while NTPC, Hindalco and HDFC are losers in the Sensex.

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13:20

Live Market Updates: Sensex tanks over 250 pts, Nifty below 8800 post FM speechRead More »

Axis Bank is up 5 percent, follwoed by HUL, Dr Reddy’s Labs, GAIL and Tata Motors. Among the losers are ITC, BHEL, NTPC, Tata Power and HDFC.

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13:10

Live Market Updates: Sensex falls over 100 pts, Nifty weak; ITC drags, HUL upRead More »

ITC is down 8 percent as government has increased excise duty by 15 percent. FMCG index is down 4 percent from previous close. However, HUL is up 2 percent from the FMCG pack. Axis Bank, Tata Motors, Tata Steel and Dr Reddy’s Labs are gainers in the Sensex. Among the losers are ITC, NTPC, BHEL, Sesa Sterlite and HDFC.

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12:53

Live Market Updates: ITC drags 8%; Sensex & Nifty down post Budget speechRead More »

ITC is down 8 percent as government has increased excise duty by 15 percent. FMCG index is down 4 percent from previous close. NTPC, BHEL, L&T and Hindalco are major losers.

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12:44

Live Market Updates: Sensex, Nifty in red; investors snub FM Budget speechRead More »

Presenting the Budget for 2015, Arun Jaitley has promised to abolish wealth tax and 2 percent additional surcharge. He also promised to rationalise and remove exemptions for corporates. He has also said that basic rate of corporate tax to be 25 percent for next four years

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READ MORE ON  BSE, Sensex, Nifty, market, nse, Budget, Union Budget, Arun Jaitley, reforms, ITC, BHEL, L&T, HUL, Hero, Bajaj Auto
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