ECONOMY ANALYSIS
Nifty ends above 6500; Maruti, M&M, SBI gain & TCS falls 4%
Bearish on FMCG, things improving for infra: Prashant Jain
Kuwait Petroleum eyes stake in IOC's Paradip refinery
Acrysil India: Board meeting on March 13, 2014
Shreyas Intermediates: Board meeting on March 14, 2014
Tata Coffee sees huge margin upside in instant coffee biz
Nifty, Sensex hit intraday highs; close on flat note
MARKET ANALYSIS
MUMBAI: The benchmark Sensex today hit a lifetime high of 22,023.98 and ended at yet another record close of 21,934.83 with a modest gain of 15 points, extending the winning run to the fifth day, aided by overseas investor interest in capital goods, realty and banking shares.
The NSE Nifty also closed at a new peak of 6,537.25 by adding 10.60 points, or 0.16 per cent. It hit all-time high of 6,562.20 during the day.
The BSE Sensex advanced 15.04 points, or 0.07 per cent to end at 21,934.83, surpassing the previous record of 21,919.79 set on last Friday. In five days, it has gained 988 points.
Intra day, the 30-share gauge hit 22,023.98 on solid buying in bluechips like HDFC BankBSE 3.23 %, L&T, MarutiBSE 3.74 % and M&M.
"Positive global cues, optimism ahead of upcoming elections and FIIs buying is leading to sustained momentum in the index," said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.
Index heavyweight Reliance IndustriesBSE 1.93 % spurted 1.93 per cent on expectations of higher production at gas fields.
Nifty ends above 6500; Maruti, M&M, SBI gain & TCS falls 4%
Bearish on FMCG, things improving for infra: Prashant Jain
Kuwait Petroleum eyes stake in IOC's Paradip refinery
Acrysil India: Board meeting on March 13, 2014
Shreyas Intermediates: Board meeting on March 14, 2014
Tata Coffee sees huge margin upside in instant coffee biz
Nifty, Sensex hit intraday highs; close on flat note
MARKET ANALYSIS
MUMBAI: The benchmark Sensex today hit a lifetime high of 22,023.98 and ended at yet another record close of 21,934.83 with a modest gain of 15 points, extending the winning run to the fifth day, aided by overseas investor interest in capital goods, realty and banking shares.
The NSE Nifty also closed at a new peak of 6,537.25 by adding 10.60 points, or 0.16 per cent. It hit all-time high of 6,562.20 during the day.
The BSE Sensex advanced 15.04 points, or 0.07 per cent to end at 21,934.83, surpassing the previous record of 21,919.79 set on last Friday. In five days, it has gained 988 points.
Intra day, the 30-share gauge hit 22,023.98 on solid buying in bluechips like HDFC BankBSE 3.23 %, L&T, MarutiBSE 3.74 % and M&M.
"Positive global cues, optimism ahead of upcoming elections and FIIs buying is leading to sustained momentum in the index," said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.
Index heavyweight Reliance IndustriesBSE 1.93 % spurted 1.93 per cent on expectations of higher production at gas fields.
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