GetPaidIndia.com

Global positive news drives markets back to green

July 22nd, 2011

Thanks to the second bailout package approval for Greece, there is positive news in the equity markets round the world. It all started yesterday evening with the European and the US markets ending in the green. The positive feeling continued in the Australian and the Asian markets and India joined the group with a positive close at the end of the trading session.

The Sensex closed the day up 286 points at 18722.30. The Nifty closed the day at 5633.95 up 92.35 points.

Bharti Airtel announced today that it is increasing the prices of its on-net calls across four circles in Delhi, Andhra Pradesh, and Rajasthan. Airtel is a strong leader in these circles and this would translate to some positive inflows. This pushed the stock upward with the script having opened at 398, touched an intraday high of 412.80 to finally close at 410.95 on the BSE. This translates to around 4.06% upward change in the share price which is great news, particularly from the bleeding telecom sector.

Axis Bank announced its quarterly results today which came out to be in positive and the markets took the opportunity to react to it in positive. The script was flat till post lunch after which it zoomed to reach to Rs. 1296.95.The stock gained Rs. 57.55 in today’s session and is up 4.65%.

Entry Filed under: Equity Markets, Telecom, Banks & NBFC, Closing Bell