ECONOMY ANALYSIS
Sensex up 100 pts, Nifty ends tad below 8500; SBI down 2%
Sun Pharma rises 5%; BoAML upgrades to buy, weak rupee to aid
Majesco shares list at Rs 316, lower than street forecast
RCom in talk with CITIC to sell cable biz; aims to cut debt
Glenmark at record high on USFDA nod for oral contraceptive
Rupee sinks to 2-year low at 65.40 against dollar EQUITY TRADING TIPS
Sensex up 100 pts, Nifty ends tad below 8500; SBI down 2%
Sun Pharma rises 5%; BoAML upgrades to buy, weak rupee to aid
Majesco shares list at Rs 316, lower than street forecast
RCom in talk with CITIC to sell cable biz; aims to cut debt
Glenmark at record high on USFDA nod for oral contraceptive
Rupee sinks to 2-year low at 65.40 against dollar EQUITY TRADING TIPS
MARKET ANALYSIS
Snapping a two-day losing streak, the S&P BSE Sensex rose 100 points, or 0.36 per cent, to settle the day at 27931.64.
The 50 - share Nifty barometer closed at 8495.15, up 28.60 points, or 0.34 per cent.
19 of the 30 Sensex stocks ended the day in the green.
Sun Pharma was the top Sensex gainer. The stock advanced over 4 per cent for the day.
Shares of Amtek Auto saw a dramatic fall of 40 per cent in late afternoon trade today. The stock closed 36.36 per cent down.
Major European markets were quoting in the negative terrain. Britain's FTSE 100 was down about a per cent, while France's CAC 40 and German DAX were down over 1per cent each.
Earlier in the day, most Asian markets closed in the red. Japan's Nikkei lost 1.61 per cent, or 331.84 points to settle at five-week low of 20,222.63. Hong Kong's Hang Sengshed 1.31 per cent, or 307.12 points, to close the session at 23,167.85.
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