ECONOMY ANALYSIS
Tata Steel's Borivali land deal to fetch Rs 1,000 cr.
Draft CCEA note on NELP-X incentivises cos w/tax holiday
Aadhaar is a number, not an ID card: Montek
Cairn India to invest Rs 3k cr to improve oilfield recovery
Bank of India - Fixes Record Date for Interim Dividend.
MARKET ANALYSIS
Ahead of retail inflation, the benchmark Sensex today climbed over 375 points clocking its best gain in seven weeks, buoyed by across-the-board buying on expectations the RBI will keep interest rates on hold after industrial output in November contracted.
Besides, a firming overseas trend boosted trading sentiments here as soft US jobs related data cemented hopes that the Federal Reserve would not again trim its economic stimulus anytime soon, traders said
After losing 93 points last week, stocks were off to a flying start and the BSE Sensex consolidated gains as the day progressed to end higher by 375.72 points, or 1.81 per cent, at 21,134.21. This is the best gain since 387.69-point rise on November 25, 2013.
Investor wealth rose Rs 1 lakh crore today across market. Infosys, TCS and RIL led 21 Sensex gainers higher while Sun Pharma, HUL and Tata Power were among the nine losers.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 21134.21 375.72 1.81
NIFTY 6272.75 101.30 1.64
BANK NIFTY 11021.60 -216.30 2.00
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 16437.05 -7.71
NASDAQ FUTURES 4174.66 18.47
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