Nifty likely to move in 5200-5400 range, auto stocks eyed: Sharekhan


01/07/2012 07:53 AST  The Economic Times

Key Indian indices skyrocketed last week, after trading in a narrow range of 5100-5200 for nearly a fortnight aided by strong global cues, supportive domestic news flows and a sharp drop in crude prices.

Indian shares climbed to their highest in 10 weeks, the biggest jump of the year 2012, as the government moved closer to soothe foreign investors' concerns over tax rules.

Markets registered the biggest jump of 2012 as European leaders, on the first day of the European Union summit, agreed to take emergency action to bring down Italy's and Spain's spiraling borrowing costs.

Markets also gave a thumbs-up to the announcements made by the new Finance Minister, Dr Manmohan Singh. Hopes of some reforms or a policy decision in the near term as Prime Minister Singh took charge of the finance ministry rose.

For more on this Click Here
Global News
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | News Archive

JAN | FEB | MAR | APR | MAY | JUN
Most Viewed News
Most Viewed Companies
Ticker Price Volume
RIBL 24.6 395,609
ALKHODARI 31.3 686,730
EMAAR 5.73 2,080,173
WATANIYA 98.75 555,761
SAGRINSURANCE 24.15 1,496,002
BAHRI 19.55 862,939
NBAD 12.35
Recent News

BisB appoints Abdul Razak Al-Qassim as Board Chairman
Abdul Razak Abdulla Hasan Al Qassim has been appointed the new Board of Directors Chairman in place of Khalid Abdulla Al Bassam, who resigned after eight years in the post.

Bahrain Islami

Qatar Diar to take Sama Dubai’s stake in Salam Yiti
Qatar Diar Real Estate Investment Company (Qatar Diar) is planning to take a 70 per cent stake of Sama Dubai in Salam Yiti intergrated tourism comlex project, which was halted in the second half of 2

Taiba Holding Co. announces the distribution of dividend
The Board of Directors of Taiba Holding Co. has recommended the distribution of dividend to the shareholders for the period second quarter 2013 as following:

1.Total amount of distribution

German Government Bonds Little Changed Before 10-Year Debt Sale
Germany’s government bonds were little changed as the nation prepared to sell 5 billion euros ($6.7 billion) of 10-year securities.

The benchmark 10-year yield was about six basis points f

Yen Gains First Time in Three Days Versus Dollar Before Bernanke
The yen strengthened for the first time in three days versus the dollar before Federal Reserve Chairman Ben S. Bernanke holds a press conference in Washington.

Japan’s currency advanced ag

Research Reports
Saudi Arabian Mining Co. -Equity Report -18-06-2013 GCC Stock Markets - Daily Bank Al Bilad -Equity Report -18-06-2013 The Saudi Investment Bank -Equity Report -18-06-2013 Daily Market Review - Saudi Stock Exchange more..
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?