Friday, 20 December 2013

12/20/2013 Up date on stock market



 The BSE Sensex gains 1.76 percent and Nifty is up nearly by 1.72 percent with BSE at 20,776.69 and NSE at 6,181.35. 
Software industries stocks gain after Accenture Plc said it expected its consulting business to orders rise orders
IT stock are also added in the portfolio after a stronger economic growth in US ,as it is a biggest outsource market in US
Tata Consultancy Services ltd gains 1.7 percent, Infosys Ltd up 1 percent, HCL Technologies Ltd rises 0.29 percent, Wipro Ltd adds 3.8 percent, while Tech Mahindra ltd surges 3.12 percent.
Reliance Industries Ltd gains 4.75 percent after the government allowed the company to charge higher prices for gas from April.
Rupee is down from last four days because of reduce inflows after the Fed tapering.
As yesterday rupee was 63.25 per dollar but as of today it has down sized to 62.14
With the coming event like x-mas and the year-end wil help the market to increase by 3% till December end

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