ECONOMY ANALYSIS
- Nifty above 6700; SBI loses 2%, pharma outperforms
- Pharma cos may see healthy earnings growth in Q4FY14: CLSA
- Will meet FY14 guidance; bank licence miss disappoints: L&T
- ADB data not the best indicator of US growth: NAB
- Expect FY15 volume growth at lower end of 8-12%: Dabur
- In-principle nod to IDFC, Bandhan for bank licences: RBI
MARKET ANALYSIS
- The Sensex ended the day in the red today, but made a fresh intraday high of 22,620. The 30-stock index closed the day at 22,509.07; down 42.42 points, or 0.19%.
- The broader 50-share Nifty ended the day at 6,736.10; down 16.45 points, or 0.24%.
- The S&P BSE midcap index closed at 7,170.75; down 28.17 points, or 0.39%. The S&P BSE small cap index closed at 7,207.45; down 12.91 points, or 0.18%.
- IDFCBSE -2.38 % was the show-stealer of the day. It had a gap-up start after the Reserve Bank of India granted it nod in principle for a bank license that would be valid for 18 months.
- The 50-share Nifty index has rallied a little over 6 per cent, while Sensex has surged a little over 1,300 points so far in 2014, ahead of the most awaited event, that is elections.
- India's goes to the polls from April 7 to May 12, and the results would be announced on May 16.
MAJOR INDICES
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
11509.07
|
-42.42
|
-0.19
|
NIFTY
|
6736.10
|
-16.45
|
-0.24
|
BANK NIFTY
|
12563.85
|
-151.45
|
-1.19
|
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