ECONOMY ANALYSIS:
Infosys Q1 net profit seen down 3% QoQ at Rs 2,315cr
Govt okays proposal to replace DGCA with new regulator
Q1 net sales growth may fall below 5% for 1st time
Sebi to align private placement norms with Companies Bill
Subbarao says inflation still high; bond yields rise
Macquarie cuts Maruti Suzuki to 'neutral'
MARKET ANALYSIS:
The Nifty comfortably closed above the intermediate resistance level of 5,900 as sentiment turned bullish after the US Federal Reserve Chairman Ben Bernanke said the US Fed will continue with the stimulus programme.
He also suggested that policymakers could keep the bond-buying program at full throttle longer if the economy wobbles.
The 50-share index ended at 5,930.20, up 113.50 points or 1.95 per cent. It touched a high of 5,948.85 and a low of 5,887.95 in trade today.
The S&P BSE Sensex closed at 19,676.06, up 381.94 points or 1.98 per cent. It touched a high of 19,723.51 and a low of 19,468.46 in trade today.
The market breadth was positive on the NSE with 554 gainers against 254 losers.
Foreign institutional investors(FIIs) bought shares worth Rs 75.46 crore while domestic institutional investors were net buyers worth Rs 28.78 crore on Wednesday as per the provisional data from the National Stock Exchange.
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