Friday, 6 December 2013

Sensex, Nifty rally continues

At 2:24 pm (IST), the BSE Sensex was trading at 20,965, up 8 points over the previous close, while NSE Nifty was quoting at 6,249, up 8 points over the previous close.

The BSE Small-Cap index and BSE Mid- Cap index was trading flat.
RIL, Infosys, ONGC, Coal India,  Tata Motors,  Hero MotoCorp, Maruti,  Jindal Steel, Tata Steel, Mahindra & Mahindra, are among gainers in Sensex and Nifty.
Infosys, Wipro, Bharti Airtel, Tata Steel, ICICI Bank, Tata Power, HDFC, Hindalco Inds  are among losers in Sensex and Nifty.
Teck, FMCG, Metal,  IT, PSU, Capital Goods, Consumer Durables, FMCG , Realty, Oil and gas, Power indices are the gainers.

The US government revised its initial report on third-quarter economic growth to 3.6% (earlier 2.8%). This again cropped up fears that the Fed may decide to taper its stimulus.

The Foreign Investment Promotion Board will take up 11 foreign investment proposals, including Vodafone Group Plc's proposal to acquire remaining stake in its Indian arm.
Standard & Poor's Ratings Services said that it had revised its outlook on Bharti Airtel Ltd. to positive from stable. S&P affirmed 'BB+' long-term corporate credit rating on the India-based telecommunication services provider, and our 'BB+' long-term issue rating on the company's guaranteed US$1.5 billion senior unsecured notes.
The International Air Transport Association (IATA) announced global passenger traffic results for October showing amoderate acceleration of the robust demand trend of the last few months. Total revenue passenger kilometers (RPKs) rose 6.6% compared to October 2012, an improvement over the September increase of 5.2%. A capacity increase of 6.5% meant that load factor was virtually flat at 78.9%.
Gross direct tax collections during April-November of the Financial Year 2013-14 is up by 13.18 percent and stood at Rs. 3,68,655 crore as against Rs. 3,25,736 crore in the same period last year.

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