ECONOMY ANALYSIS
October WPI inflation at 7%, stands at 8-month high
Won't resort to kitchen sinking; SME sector still under duress
Realisation to depend on subsidy, oil prices: ONGC
Expect to end FY14 with profit of Rs 25 cr: Kohinoor Foods
Bane of dynastic rule: Rahul-flation, Sonianomics
Psychological level for rupee at 64/$: HSBC
Google warns of 'splinter net' fallout from US spying
MARKET ANALYSIS
The nifty jump over 66 points, its first rise in eight trading days, buoyed by gains in intrest rate after RBI announced to take fresh to boost liquidity in the banking system and on hopes that US FED will maintain its economic stimulus.
According to brokers market was in oversold zone and recovered on buying amid RBI planning to undertake open market operation next week by injecting Rs 8000 cr to system.
In the US, Janet Yellen, nomited to be the next chairman of the FED, today indicated a strong economic recovery would enable the central bank to trim its USD 85-billion a month bond buying
programme.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20399.42 205.02 -0.43
NIFTY 6056.15 66.55 1.11
BANK NIFTY 10784.80 32.65 0.23
October WPI inflation at 7%, stands at 8-month high
Won't resort to kitchen sinking; SME sector still under duress
Realisation to depend on subsidy, oil prices: ONGC
Expect to end FY14 with profit of Rs 25 cr: Kohinoor Foods
Bane of dynastic rule: Rahul-flation, Sonianomics
Psychological level for rupee at 64/$: HSBC
Google warns of 'splinter net' fallout from US spying
MARKET ANALYSIS
The nifty jump over 66 points, its first rise in eight trading days, buoyed by gains in intrest rate after RBI announced to take fresh to boost liquidity in the banking system and on hopes that US FED will maintain its economic stimulus.
According to brokers market was in oversold zone and recovered on buying amid RBI planning to undertake open market operation next week by injecting Rs 8000 cr to system.
In the US, Janet Yellen, nomited to be the next chairman of the FED, today indicated a strong economic recovery would enable the central bank to trim its USD 85-billion a month bond buying
programme.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20399.42 205.02 -0.43
NIFTY 6056.15 66.55 1.11
BANK NIFTY 10784.80 32.65 0.23
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