Stocks See Fall and Rise

Stocks See Fall and RiseSensex gained over 356 points and has regained the 18,000 level after falling in crude prices from the past nine days. The Bombay Stock Exchange also climbed 356.08 points to 18,083.57 at 1145 hours. Crude oil prices have dropped by 4.6%, however, the largest oil explorer, Oil and Natural Gas Corp has surged by 3.18% while it was experiencing an all time low for the past month.

The bank industry is seeing a drive in stocks and goods and has gained 3.5-4%. Stocks are selling under pressure. European markets are trading 1.5% higher than normally. Athex Composite has jumped from 2% after Greece agreed to make a deal with EU and the IMF.

There was 46 stocks of 50 on the Nifty were on buyer’s radar. But not they have started to trade in the green. Financial, technology, infrastructure, FMCF and oil and gas companies are currently leading the rally.

Just overnight, the International Energy Agency was able to sell 60 million barrels of crude from strategic reverse in a bed to lower prices