Monday, 13 July 2015

BSE Sensex and NSE Nifty ended more than a per cent higher on Monday for 13 July 2015

 The BSE Sensex and NSE Nifty ended more than a per cent higher on Monday with blue-chips leading the gainers following across-the-board buying after Greece reached a deal with its European creditors that avoided an exit from the euro. Sensex rallied 299.79 points to settle at 27,961.19, a rally of , or 1.08 per cent, its biggest single-session gain since June 22 when it had rallied 414.04 points. Similarly, the 50-share Nifty recaptured the 8,400-level to hit a high of 8,471.65, before settling higher by 99.10 points, or 1.19 per cent, at 8,459.65. The stock markets surge was also influence by the hopes of a rate cut by the Reserve Bank in the wake of weak IIP numbers. A higher closing at other Asian markets and a better opening in European markets, which jumped up to 3 per cent, also had a positive impact on the stock markets. The 30-share index regained the psychological 28,000-mark - for the first time since July 8 - by surging 340.43 points, or 1.23 per cent, at 28,001.83 in afternoon trade. The Sensex had rallied 130 points in early trade on buying in healthcare, oil & gas, consumer durables, IT and technology sectors amid expectations of an RBI rate cut and firm Asian cues. Asian stocks ended higher after eurozone leaders reached an agreement over a third bailout for Greece. Key benchmark indices in Japan, Taiwan, Singapore and South Korea ended up by 0.96 per cent to 1.57 per cent. China shares were trading higher as Beijing's efforts to reverse a stock selloff appear to be holding up in mainland China, the Shanghai Composite rose by 2.39 per cent and Hong Kong index rose by 1.30 per cent. 

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