Firmness continued on the bourses in mid-morning trade!

Firmness continued on the bourses in mid-morning trade. The barometer index, the S&P BSE Sensex, was up 224.38 points or 1.11%. The market breadth, indicating the overall health of the market, was strong. The market sentiment was boosted by upward revision in revenue guidance from IT major Infosys, gains in rupee against the dollar, firm Asian stocks and provisional data showing that foreign funds remained net buyers of Indian stocks on Thursday, 10 October 2013. Asian stocks edged higher amid hopes US lawmakers will lift the debt limit and avoid a default

Infosys Mcity,Building number 5

Infosys Mcity,Building number 5 (Photo credit: Wikipedia)

Who Moved and Why

1) Madras High Court stops SBI’s move to withdraw check-off facility.
2) RBI governor Raghuram Rajan’s initiatives may see public banks close valuation gap with private peers.
3) BTI payments to sell 30% to ICICI Venture.
4) After Walmart setback, government pins hope on Tesco to open shop in India.
5) Infosys hits 52-week high after raising FY 2014 revenue guidance.

Read detail analysis Report: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/11th_Oct_Mid%20Session%20Update.pdf

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