Oct 31 2014 4:57PM | Friday | By Abhijeet Gosavi
The Indian markets witnessed massive buying in the last week of October month. In today’s trading session, the market was pulled by Capital Goods as well as Bankex sectors. IT, Health Care, Metals and Auto also saw good up-moves of more than 200 points. As a result, the Nifty closed on record high in today’s session, up by 153 points at 8322 and Sensex was up by 519 points at 27865 in the closing bell.
Oct 31 2014 3:30PM | Friday | By Vivek Paratne
India’s largest telecom player Bharti Airtel declared its second quarter results. The company posted decent numbers during the quarter despite of seasonally weak quarter. The company showed 8.4 per cent increase in customer base to 303.7 million customers compared to corresponding quarter last year. Mobile data traffic too showed significant growth of 94.6 per cent to 78.1 billion MBs during the quarter compared to 40.1 billion MBs in same quarter last year.
Oct 31 2014 8:01AM | Friday | By Prasanna Bidkar
Sentiments on global Canvas have turned extremely bullish and there are many reasons behind the same. While a fortnight back there was a scenario of when the questions were raised about the growth prospects and recovery in US markets, the data points today are indicating towards a smart recovery in the region. We expect the Indian equities to open gap up and then sustain the gains throughout the session. Apart from the positives we have mentioned earlier, the FIIs which usually bring liquidity to the markets are coming back to Indian markets.
The Indian market managed to close October series at an all time high. Volumes were on a spin as turnover surpassed over 10 lakh crore on the back of short covering witnessed in the IT heavyweight like Infosys, TCS, HCL Tech. In our last write up we mentioned most of the momentum indicators have turned positive and market is likely to surge to new high and this was in line with our expectation. Now going forward the momentum is likely to continue along with some consolidation. Nifty seems its heading to levels of 8280-8330 in short term.
Oct 30 2014 6:09PM | Thursday | By Abhijeet Gosavi
The Indian markets witnessed superb rally in end of the F&O October series. All the sectoral indices closed in the positive territory. IT sector outperformed in today’s session and was up by 200 points. Oil & Gas and Consumer Durables were up more than 150 points. As a result the Nifty closed up by 78 points at 8169 and Sensex was up by 248 points at 27346 in the closing bell.