RESEARCH VIA NIFTY REPORT FOR 25 MARCH 2014

ECONOMY ANALYSIS

 Sensex up 300 pts to end at life high of 22055; banks lead

 Focus on stocks than index; overweight on PSBs: Quantum Sec 

 See 2-3% more upside in Indian mkt: Richard Gibbs 

 Sensex up 300 pts to end at life high of 22055; banks lead

 Check out: Which business expenses are non-taxable

 Sanjay Dutt underweight on IT sector

 Nokia says now expects Devices sale to close in April

 BJP manifesto to release only after Congress' agenda

MARKET ANALYSIS

 MUMBAI: Continuing its record-setting spree, the benchmark Sensex today hit a new lifetime high and gained 300 points to end above 22,000-level for the first time as foreign funds bought bluechips led by interest-rate sensitive shares on hopes RBI will hold rates in its upcoming review. 

 The BSE Sensex climbed to hit a new intra-day peak of 22,074.34 on the back fo heavy buying. It also ended at a record closing of 22,055.48, up 300.16 points, or 1.38 per cent. Its previous closing peak was 21,934.83 on March 10 while its intra-day peak was 22,040.72 set on March 18, 2014. 

 GAILBSE 4.81 % and ONGCBSE 4.27 % with over 4 per cent gain each led the 24 losers in 30-share Sensex. Major supporters were RILBSE 1.83 %, ITCBSE 1.11 %, ICICI BankBSE 3.71 %, SBIBSE 1.35 %, Hero MotoCorpBSE 2.48 %, Hindustan UnileverBSE 1.62 % and TCSBSE 1.26 %. 

 Nine out of 12 BSE sectoral indices ended in the green. Banking, oil & gas, metal and auto shares notched up smart rise. Consumer durables, IT and healthcare, however, fell.