ECONOMY ANALYSIS
Record close for Nifty; realty, metals jump, pharma drags
October WPI hits multi-year low of 1.77%
SBI Q2 net up at Rs 3100 cr, asset quality stable
Brent edges above $78, near 4-yr low on glut, OPEC worries
BHEL Q2 net slips 72% at Rs 125 cr; margins disappoint
Fed on course for mid-2015 rate rise, job market to improve: Poll
MARKET ANALYSIS
Indian benchmarks surged to fresh record highs at Friday close with a 0.3
percent gain, with the Nifty rising 32 points to 8,389 while the Sensex
climbed 102 points to 28,046.
High-beta shares led the gains through the day, with stocks of real estate,
metals, chemicals and oil & gas rising 2.2 percent, 2.2 percent, 1.7 percent
and 1.1 percent, respectively. While defensive sectors such as
pharmaceuticals and consumer durables closing in the red (down 1.2
percent and 0.4 percent, respectively).
Among individual stocks, top gainers for the day included Hindalco,
GAIL, SBI and Tata Steel (up between 2.3 and 3.7 percent) while losers
were pharma firms Sun, Cipla and Dr Reddy's lost 1.2 to 2.5 percent.
Equities were boosted by gains in US and Asian markets earlier in the day,
even as wholesale inflation fell to a multi-year low to 1.77 percent, which
spawned further hopes the central bank may consider easing interest rates
sooner rather than later.
Record close for Nifty; realty, metals jump, pharma drags
October WPI hits multi-year low of 1.77%
SBI Q2 net up at Rs 3100 cr, asset quality stable
Brent edges above $78, near 4-yr low on glut, OPEC worries
BHEL Q2 net slips 72% at Rs 125 cr; margins disappoint
Fed on course for mid-2015 rate rise, job market to improve: Poll
MARKET ANALYSIS
Indian benchmarks surged to fresh record highs at Friday close with a 0.3
percent gain, with the Nifty rising 32 points to 8,389 while the Sensex
climbed 102 points to 28,046.
High-beta shares led the gains through the day, with stocks of real estate,
metals, chemicals and oil & gas rising 2.2 percent, 2.2 percent, 1.7 percent
and 1.1 percent, respectively. While defensive sectors such as
pharmaceuticals and consumer durables closing in the red (down 1.2
percent and 0.4 percent, respectively).
Among individual stocks, top gainers for the day included Hindalco,
GAIL, SBI and Tata Steel (up between 2.3 and 3.7 percent) while losers
were pharma firms Sun, Cipla and Dr Reddy's lost 1.2 to 2.5 percent.
Equities were boosted by gains in US and Asian markets earlier in the day,
even as wholesale inflation fell to a multi-year low to 1.77 percent, which
spawned further hopes the central bank may consider easing interest rates
sooner rather than later.
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