ECONOMY ANALYSIS
Sensex gains 242 pts, Nifty ends below 7700 ahead of RBI policy
Sikka's confidence, weak rupee drive Infosys up 4%
Marico Q1 profit rises 17.5% but operating performance weak
Suzlon surges 4.5% on hopes of turning profitable in Q4FY15
OBC Q1 net profit rises 3% on other income but NII drops 5%
TVS Motor rallies 7% as Jupiter drives July auto sales
MARKET ANALYSIS
Equity benchmarks surged one percent on Monday ahead of RBI policy tomorrow, recouping more than half of Friday’s losses. The rupee recovered too, up 25 paise to 60.93 a dollar compared to Friday's closing value. The 30-share Sensex rose 242.32 points to close at 25723.16 and the 50-share Nifty climbed 81.05 points to 7683.65 followed by broader markets.
The BSE Midcap and Smallcap indices gained 0.9 percent and 1.1 percent, respectively. All eyes are set on Reserve Bank of India's monetary policy scheduled on Tuesday. Economists expect no change in policy rates but they see some change in liquidity norms.
Technology stocks led today’s rally with the BSE IT Index gaining 2 percent aided by rupee's fall to 61 a dollar. Infosys was the top gainer in the Sensex, up 3.66 percent followed by Wipro with 2.4 percent.
Sensex gains 242 pts, Nifty ends below 7700 ahead of RBI policy
Sikka's confidence, weak rupee drive Infosys up 4%
Marico Q1 profit rises 17.5% but operating performance weak
Suzlon surges 4.5% on hopes of turning profitable in Q4FY15
OBC Q1 net profit rises 3% on other income but NII drops 5%
TVS Motor rallies 7% as Jupiter drives July auto sales
MARKET ANALYSIS
Equity benchmarks surged one percent on Monday ahead of RBI policy tomorrow, recouping more than half of Friday’s losses. The rupee recovered too, up 25 paise to 60.93 a dollar compared to Friday's closing value. The 30-share Sensex rose 242.32 points to close at 25723.16 and the 50-share Nifty climbed 81.05 points to 7683.65 followed by broader markets.
The BSE Midcap and Smallcap indices gained 0.9 percent and 1.1 percent, respectively. All eyes are set on Reserve Bank of India's monetary policy scheduled on Tuesday. Economists expect no change in policy rates but they see some change in liquidity norms.
Technology stocks led today’s rally with the BSE IT Index gaining 2 percent aided by rupee's fall to 61 a dollar. Infosys was the top gainer in the Sensex, up 3.66 percent followed by Wipro with 2.4 percent.
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