ECONOMY ANALYSIS
Sensex, Nifty end in green but flat; IT gains most, BHEL &
ONGC drag
Bharti up 3%, CLSA reiterates it as high conviction buy
Euronext launches IPO, values itself at $2.5 bn
SpiceJet announces special monsoon fare, gains 6%
Gold prices remain steady amid negative outlook
MARKET ANALYSIS
The benchmark Sensex today hit a new lifetime high but pared gains on
profit-booking to end with a slim 3.48-point rise at a fresh closing peak of
25,583.69.
Stock markets had opened on a strong note with the 30-scrip BSE Sensex
touching a new high of 25,711.11 points in early trade on heavy buying by
funds and retail investors.
This was its fourth successive positive closing. The gauge had gained
nearly 775 points in the previous three days.
Yesterday, the 30-share benchmark index had hit previous lifetime high of
25,644.77 and ended at record closing high of 25,580.21 on optimism over
government's agenda for reforms.
The broad-based NSE Nifty, after soaring to a new intra-day high of
7,683.20, succumbed to selling pressure to close just 1.80 points, or 0.02
per cent, up at 7,656.40 -- also a new record closing. It surpassed previous
intra-day record of 7,673.70 reached yesterday.
Sensex, Nifty end in green but flat; IT gains most, BHEL &
ONGC drag
Bharti up 3%, CLSA reiterates it as high conviction buy
Euronext launches IPO, values itself at $2.5 bn
SpiceJet announces special monsoon fare, gains 6%
Gold prices remain steady amid negative outlook
MARKET ANALYSIS
The benchmark Sensex today hit a new lifetime high but pared gains on
profit-booking to end with a slim 3.48-point rise at a fresh closing peak of
25,583.69.
Stock markets had opened on a strong note with the 30-scrip BSE Sensex
touching a new high of 25,711.11 points in early trade on heavy buying by
funds and retail investors.
This was its fourth successive positive closing. The gauge had gained
nearly 775 points in the previous three days.
Yesterday, the 30-share benchmark index had hit previous lifetime high of
25,644.77 and ended at record closing high of 25,580.21 on optimism over
government's agenda for reforms.
The broad-based NSE Nifty, after soaring to a new intra-day high of
7,683.20, succumbed to selling pressure to close just 1.80 points, or 0.02
per cent, up at 7,656.40 -- also a new record closing. It surpassed previous
intra-day record of 7,673.70 reached yesterday.
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