ECONOMY ANALYSIS
Sensex, Nifty close flat; TCS, Zee Ent rally; JSPL, L&T dip
HCL Tech hits new high, to invest $ 9 mn in North Carolina
ONGC invests Rs 81,890 cr to raise output & boost discoveries
Opple forays into Indian mkt, aims Rs 450 cr sales in 3 yrs
Moody's upgrades ratings of Tata Group firms
Infosys inks largest office lease deal in Poland
MARKET ANALYSIS
The Sensex today erased early gains to end 21.79 points down on losses in
capital goods, oil & gas, and realty shares but recent gains helped the
benchmark log its sixth week of gains, the longest in over two years.
After opening in the positive zone at 27,139.39, the Sensex surged to touch
the day's high of 27,247.17 on continued buying by foreign funds and retail
investors on positive domestic and global cues.
The gauge rallied 619.70 points in previous two sessions on the back of rising
optimism over trade ties with China and Fed's continued pledge to retain rates
at low levels.
On a weekly basis, the Sensex gained 29.37 points as it registered its sixth
straight week of rise.
The 50-share NSE Nifty index managed to close in positive zone with a
marginal gain of 6.70 points, or 0.08 per cent, at 8,121.45 as TCS, LupinBSE
1.76 %, Maruti SuzukiBSE 1.29 %, Tata Steel, Axis BankBSE 0.57 % and
CiplaBSE 1.22 % stocks gained.
Sensex, Nifty close flat; TCS, Zee Ent rally; JSPL, L&T dip
HCL Tech hits new high, to invest $ 9 mn in North Carolina
ONGC invests Rs 81,890 cr to raise output & boost discoveries
Opple forays into Indian mkt, aims Rs 450 cr sales in 3 yrs
Moody's upgrades ratings of Tata Group firms
Infosys inks largest office lease deal in Poland
MARKET ANALYSIS
The Sensex today erased early gains to end 21.79 points down on losses in
capital goods, oil & gas, and realty shares but recent gains helped the
benchmark log its sixth week of gains, the longest in over two years.
After opening in the positive zone at 27,139.39, the Sensex surged to touch
the day's high of 27,247.17 on continued buying by foreign funds and retail
investors on positive domestic and global cues.
The gauge rallied 619.70 points in previous two sessions on the back of rising
optimism over trade ties with China and Fed's continued pledge to retain rates
at low levels.
On a weekly basis, the Sensex gained 29.37 points as it registered its sixth
straight week of rise.
The 50-share NSE Nifty index managed to close in positive zone with a
marginal gain of 6.70 points, or 0.08 per cent, at 8,121.45 as TCS, LupinBSE
1.76 %, Maruti SuzukiBSE 1.29 %, Tata Steel, Axis BankBSE 0.57 % and
CiplaBSE 1.22 % stocks gained.
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