ECONOMY ANALYSIS
Nifty ends below 8000; Sun Pharma & ITC up, Bankex in red
Rajan keeps rates on hold, says 6% inflation target for 2016 at risk
HDIL up 5%, promoters revoke pledged shares in IL&FS Trust
PC Jeweller surges 9%; bets on e-tailing, joins Flipkart
Just Dial gets land for IT park in Karnataka
Sterlite Technologies rallies on JV with Japanese company
MARKET ANALYSIS
After a roller coaster ride, the equity benchmarks managed to close with
marginal gains on Tuesday amid announcement of RBI policy. Indices
climbed nearly a percent intraday before erasing gains in last couple of hours
of trade today.
The 30-share BSE Sensex rose 33.40 points to close at 26630.51 after hitting
an intraday high of 26851.33 and low of 26481.31. The 50-share NSE Nifty
reclaimed the 8000 level but failed to hold the same, up 5.90 points to end the
day at 7964.80.
The broader markets too saw cut in gains, ending with 0.1 percent upmove but
the market breadth was negative. About 1370 shares advanced while 1527
shares declined on the Bombay Stock Exchange. Experts believe the
consolidation may continue in near term due to lack of triggers. As the RBI
event is behind us, the market will closely watch July-September quarter
earnings that will kick off with Infosys’ numbers on October 10, say experts.
Nifty ends below 8000; Sun Pharma & ITC up, Bankex in red
Rajan keeps rates on hold, says 6% inflation target for 2016 at risk
HDIL up 5%, promoters revoke pledged shares in IL&FS Trust
PC Jeweller surges 9%; bets on e-tailing, joins Flipkart
Just Dial gets land for IT park in Karnataka
Sterlite Technologies rallies on JV with Japanese company
MARKET ANALYSIS
After a roller coaster ride, the equity benchmarks managed to close with
marginal gains on Tuesday amid announcement of RBI policy. Indices
climbed nearly a percent intraday before erasing gains in last couple of hours
of trade today.
The 30-share BSE Sensex rose 33.40 points to close at 26630.51 after hitting
an intraday high of 26851.33 and low of 26481.31. The 50-share NSE Nifty
reclaimed the 8000 level but failed to hold the same, up 5.90 points to end the
day at 7964.80.
The broader markets too saw cut in gains, ending with 0.1 percent upmove but
the market breadth was negative. About 1370 shares advanced while 1527
shares declined on the Bombay Stock Exchange. Experts believe the
consolidation may continue in near term due to lack of triggers. As the RBI
event is behind us, the market will closely watch July-September quarter
earnings that will kick off with Infosys’ numbers on October 10, say experts.
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