DAILY MARKET ANALYSIS
ECONOMY ANALYSIS
Sensex ends up 451 pts; Bank Nifty soars 3%, ITC gains 4%
ICICI hits overseas debt market with benchmark issue
Moody's maintains negative outlook on Indian banks
NTPC scraps Rs 700-crore turbine order with Ansaldo
Expect EBIT margins around 20% for H2FY14: Infotech
Stronger than H1FY14 growth seen in Q3: Prestige Estates
MARKET ANALYSIS
The Sensex records best single-day gain since Ocotober18, ends up 451.32 points or 2.21 percent at 20850.74. The Nifty closes up 132.85 points or 2.19 percent at 6189.00. About 1441 shares have advanced, 1069 shares declined, and 129 shares are unchanged. Shares in Shanghai and Hong Kong hit multiyear highs after China decides to leave its doors wide open for foreign investors. UBS upgraded China and downgrades India.
Bank Nifty gains most in percentage terms since October 29. The Sensex gains most in percentage terms since October 18.The Nifty traded at a week high.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20850.74 451.32 2.21
NIFTY 6189.00 132.85 2.19
BANK NIFTY 11142.30 331.10 3.06
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 15950.00 111.00
NASDAQ FUTURES 3413.75 3.25
ECONOMY ANALYSIS
Sensex ends up 451 pts; Bank Nifty soars 3%, ITC gains 4%
ICICI hits overseas debt market with benchmark issue
Moody's maintains negative outlook on Indian banks
NTPC scraps Rs 700-crore turbine order with Ansaldo
Expect EBIT margins around 20% for H2FY14: Infotech
Stronger than H1FY14 growth seen in Q3: Prestige Estates
MARKET ANALYSIS
The Sensex records best single-day gain since Ocotober18, ends up 451.32 points or 2.21 percent at 20850.74. The Nifty closes up 132.85 points or 2.19 percent at 6189.00. About 1441 shares have advanced, 1069 shares declined, and 129 shares are unchanged. Shares in Shanghai and Hong Kong hit multiyear highs after China decides to leave its doors wide open for foreign investors. UBS upgraded China and downgrades India.
Bank Nifty gains most in percentage terms since October 29. The Sensex gains most in percentage terms since October 18.The Nifty traded at a week high.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20850.74 451.32 2.21
NIFTY 6189.00 132.85 2.19
BANK NIFTY 11142.30 331.10 3.06
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 15950.00 111.00
NASDAQ FUTURES 3413.75 3.25
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