Government assurance - assurance of Chidambaram helped to some extent the market sentiments of the investors and brought confidence in the traders to return to the market. In addition, the increase in diesel prices and hope, which is likely to improve the government's fiscal position.
Especially Reliance Industries, State Bank of India (SBI) and ICICI Bank shares such luminaries as the best buy in the afternoon due to the Bombay Stock Exchange (BSE) Sensex gained 56.47 points to close at 17440.87 points. National Stock Exchange (NSE) Nifty rose by 20.25 points to 5274 points with it.
Finance Minister's statement Sentiment improved investors. The. R.Choksey Securities managing director Deven Choksey said Chidambaram assurance have helped somewhat the investors in returning back to the market.
In addition, the increase in diesel prices and hope, which is likely to improve the government's fiscal position. Meanwhile, Cabinet Secretary Ajit Kumar Sethi said on Tuesday that the global slowdown is having an impact on India, but the fundamentals of the economy are strong. He said that the growth rate of the economy in order to maintain a high level all the measures being taken by many.
Subbarao's statement was buying stocks from the banking sector.Goldman Sachs caution to the domestic banking sector, the category has moved from the neutral category. Mukesh Ambani's Reliance Industries at lower levels in the well was buying the company's shares jumped 1.87 percent.
In Asia, China, Hong Kong, Japan, Singapore and South Korea's main index declined by 0.75 per cent from 0.10 per cent to close. In all key markets in Europe, selling pressure was seen. 0.81 per cent at the time it was written news UK FTSE, Germany's DAX and France's CAC 0.30 per cent to 0.37 per cent in turnover was down.
Domestic level, 18 of the 30 Sensex stocks gained. RIL, SBI and ICICI Bank with 2.6 per cent in GAIL, Jindal Steel by 2.44 per cent, 1.71 per cent, Tata Motors, Tata Steel by 1.41 per cent, 1.18 per cent of HUL, Maruti Suzuki 1.18 percent, 1.13 percent and Bharti BHEL Airtel gained 1.09 percent. On the other hand HDFC 1.54 per cent, 1.47 per cent of Cipla, Tata Power 0.98 per cent to 1.28 per cent and Bajaj Auto fell.
Overall market sentiment was positive. Markets listed a total of 1,543 companies were gainers. While the decline in the number of shares was 1,209. However, the market turnover decreased from Rs 1634.59 crore to Rs 1644.47 Monday came. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 54.79 on Monday's. FIIs on Friday was removed from equity capital of Rs 146.30.
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