ECONOMY ANALYSIS:
- BSE Sensex, Nifty flat; bank & cap goods drag, IT strong
- HDFC Q1 net profit up 17% to Rs 1,173 cr, shrs fall 4%
- Reliance Industries Q1 PAT seen up 18% YoY: Poll
- Deutsche Bank cuts India GDP forecast to 5%
- Reliance Communications halves 3G data price
- Deal pipeline strong; see stable Q2FY14: TCS
MARKET ANALYSIS:
- The S&P BSE Sensex pared intraday gains and closed on a flat-to-positive note as traders booked profits after the index touched highest intraday level in nearly 2-months.
- According to analysts, the market is looking exhausted and it may consolidate in the near term and wait for cues from the Reserve Bank of India's policy meet for direction.
- The 30-share index ended at 20,128.41, up 4.92 points or 0.02 per cent. It touched a high of 20,256.60 and a low of 20,111.13 in trade today.
- The Nifty closed at 6,022.15, down 15.90 points or 0.26 per cent. It touched a high of 6,066.85 and a low of 6,020.80 in trade today.
- The market breadth was negative on the BSE with 1,038 gainers against 1,307 losers.
- The foreign institutional investors sold shares worth Rs 178.29 crore while domestic institutional investors were net sellers worth Rs 239.41 crore on Thursday as per the provisional data from the National Stock Exchange.
No comments:
Post a Comment