Economy Analysis
- Wall Street ends lower as biotechs fall; indexes up for week
- Nifty at 7000 likely in 2014; bet on pharma: DSP BlackRock
- Axis Bank jumps 3%, govt sells 9% stake via block deals
- Indian cumin seed futures fell on rising supplies from the new season crop and on expectations of higher output
- Pro Fin Capital Services' EGM on April 07, 2014
- IIFL completes sale of its stake in Sri Lankan subsidiaries
- CCS Infotech: Outcome of board meeting
MARKET ANALYSIS
- MUMBAI: The benchmark Sensex today frittered away most of its early gains on profit-taking in bluechips, including RILBSE -2.20 % and ONGC, to end with a mere 14-point rise.
- After losing 93 points in the previous session, the BSE index Sensex shot up by 130 points at the outset before reducing gains to end 13.66 points higher, or 0.06 per cent, at 21,753.75. From last Friday, the index lost 56.05 points even though it hit lifetime high of 22,040.72 on March 18.
- Brokers said the market remained volatile as cautious investors and foreign fund managers were seen adjusting their portfolios before the ending of current fiscal year.
- "After the initial uptick, the benchmark indices were remained lacklustre for the ninth successive trade. However, considerable buying in metal and realty space alongside with rise in cash counters kept market breadth on advancing side," said Jayant Manglik, President-retail distribution, Religare Securities.
- ONGC BSE -2.68 % fell over 2.6 per cent, Sun PharmaBSE -1.68 % by 1.7 per cent and Bharti AirtelBSE -1.02 % by about one per cent.
MAJOR INDICES
INDIAN MARKET
|
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
|
SENSEX
|
21753.75
|
13.66
|
0.06%
|
|
NIFTY
|
6493.20
|
10.10
|
0.16%
|
|
BANK NIFTY
|
12092.35
|
75.10
|
0.62%
|
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