ECONOMY ANALYSIS
Nifty closes above 6750; BSE Midcap, Smallcap rally 1.6%
Not worried about rupee overvaluation right now: Raghuram Rajan
Cautious on public banks; IT to sustain earnings growth momentum: HSBC
Axis Bank slips 2% post RBI limits share purchases by FIIs
Bharti rises 4% on CLSA report, data revenue may increase
More money flowing into India-dedicated funds: EPFR Global
World's largest bond fund sees $3.1bn in outflows in March
IDFC, L&T Fin, IFCI up 3-6% as bank licence process firm up 5
MARKET ANALYSIS
MUMBAI: The Indian markets are at all-time highs and political parties are trying hard to take credit for all the good that is happening in the Indian economy and on Dalal Street.
Today, the 30-stock Sensex made a new high of 22,592.10 in intraday trade. The index ended the day at 22,551.49; up 105.05 points, or 0.47% The broader 50-share Nifty ended the day at 6,752.55; up 31.50 points, or 0.47%.Aviation stocks hogged the limelight, with SpiceJetBSE 19.19 % surging as much as 20% and Jet AirwaysBSE 14.14 % soaring more than 13%. This rally was largely due to ATF price cut by 4%.
Another pack that was on a roll was pharma, which saw WockhardtBSE 20.00 % getting locked in upper circuit of 20% and RanbaxyBSE 9.01 % gaining 10%.
BSE midcap index closed the day at 7,198.92; up 112.92 points, or 1.59%. The smallcap index ended at 7,220.36; up 113.64 points, or 1.60%.
The government expects FY14 fiscal deficit at 4.6 per cent
Nifty closes above 6750; BSE Midcap, Smallcap rally 1.6%
Not worried about rupee overvaluation right now: Raghuram Rajan
Cautious on public banks; IT to sustain earnings growth momentum: HSBC
Axis Bank slips 2% post RBI limits share purchases by FIIs
Bharti rises 4% on CLSA report, data revenue may increase
More money flowing into India-dedicated funds: EPFR Global
World's largest bond fund sees $3.1bn in outflows in March
IDFC, L&T Fin, IFCI up 3-6% as bank licence process firm up 5
MARKET ANALYSIS
MUMBAI: The Indian markets are at all-time highs and political parties are trying hard to take credit for all the good that is happening in the Indian economy and on Dalal Street.
Today, the 30-stock Sensex made a new high of 22,592.10 in intraday trade. The index ended the day at 22,551.49; up 105.05 points, or 0.47% The broader 50-share Nifty ended the day at 6,752.55; up 31.50 points, or 0.47%.Aviation stocks hogged the limelight, with SpiceJetBSE 19.19 % surging as much as 20% and Jet AirwaysBSE 14.14 % soaring more than 13%. This rally was largely due to ATF price cut by 4%.
Another pack that was on a roll was pharma, which saw WockhardtBSE 20.00 % getting locked in upper circuit of 20% and RanbaxyBSE 9.01 % gaining 10%.
BSE midcap index closed the day at 7,198.92; up 112.92 points, or 1.59%. The smallcap index ended at 7,220.36; up 113.64 points, or 1.60%.
The government expects FY14 fiscal deficit at 4.6 per cent
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