<p> Bombay Stock Exchange 30-share barometer gained 1,176 points or 8.0 per cent in July quarterly earning season.<br /><br />The major trigger was the better-than-expected financial results by majority of companies.<br /><br />Extending weekly gains to third straight week to August 1, the BSE bellwether concluded at levels not seen since June 17, 2008, netting a rise of 291.35 points or 1.89 per cent over its last weekend's close.<br /><br />Similarly, the National Stock Exchange broader 50-shar</p>.<p>e Nifty jumped 67.90 points or 1.49 per cent to end the week at 4,636.45 from its previous weekend's close.<br /><br />Even as the market was influence by a flow of encouraging corporate earnings, the Reserve Bank's quarterly monetary policy review announced on July 28 also impacted the market.<br /><br />The RBI left the key rates unchanged and increased the inflation forecast to 5 per cent in this fiscal. It also raised the growth projections at 6.0 per cent in 2009-10.<br /><br />Meantime, Finance Minister Pranab Mukherjee on the same day announced tax breaks, mainly beneficial to infrastructure sector in a bid to stimulate the economy. <br /><br /></p>
<p> Bombay Stock Exchange 30-share barometer gained 1,176 points or 8.0 per cent in July quarterly earning season.<br /><br />The major trigger was the better-than-expected financial results by majority of companies.<br /><br />Extending weekly gains to third straight week to August 1, the BSE bellwether concluded at levels not seen since June 17, 2008, netting a rise of 291.35 points or 1.89 per cent over its last weekend's close.<br /><br />Similarly, the National Stock Exchange broader 50-shar</p>.<p>e Nifty jumped 67.90 points or 1.49 per cent to end the week at 4,636.45 from its previous weekend's close.<br /><br />Even as the market was influence by a flow of encouraging corporate earnings, the Reserve Bank's quarterly monetary policy review announced on July 28 also impacted the market.<br /><br />The RBI left the key rates unchanged and increased the inflation forecast to 5 per cent in this fiscal. It also raised the growth projections at 6.0 per cent in 2009-10.<br /><br />Meantime, Finance Minister Pranab Mukherjee on the same day announced tax breaks, mainly beneficial to infrastructure sector in a bid to stimulate the economy. <br /><br /></p>
