IT stocks reboot on improving US economic data!

Key benchmark indices edged higher, with market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks on Thursday, 26 December 2013. Gains in Asian and European stocks also boosted sentiment on the domestic bourses as the barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in more than two weeks. The Sensex closed up 118.99 points or 0.56%, off close to 45 points from the day’s high and up about 75 points from the day’s low. The market breadth, indicating the overall health of the market, was positive.

Dena Bank

Dena Bank (Photo credit: Wikipedia)

Who Moved and Why

  • Dena Bank gains after preferential share allotment to government.
  • IT stocks reboot on improving US economic data.
  • Brigade Enterprises gains after purchase of land in Bangalore.
  • Apollo Hospitals, M&M Financial edge higher on inclusion in F&O segment
  • Sundaram Finance inches up after a block deal.

Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/27th_Dec_equity_closing_update.pdf

Related articles Sensex gains 127 points in late morning deals (thehindu.com)

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