LIVE MARKET UPDATE

Monday 12 May 2014

Free Stock Market Intraday Tips on Mobile

Indian shares surged to its second consecutive record high on Monday as blue-chips including ICICI Bank rallied on hopes that exit pulls due after the close of markets would show opposition Bharatiya Janata Party winning a majority in ongoing elections.


If Modi just does initial few things right after coming to power, then further expectations will help markets rally. So the expectations could be a game-changer for the markets.

 
 Reliance Industries Ltd gained as much as 4.2 percent to its highest since April 2011 after the company and its partners in a gas block said on Saturday they were taking the Indian government to arbitration seeking implementation of higher gas prices.


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