Sensex provisionally up 2.25%

A recovery in the battered rupee, a slide in oil prices triggered by US President Barack Obama’s comments on Wednesday, 28 August 2013, that he hasn’t yet decided whether to launch an attack on Syria and weaker-than-expected report on US durable-goods orders which raised expectations that the Federal Reserve may delay plans to reduce its monetary stimulus to the US economy, aided a rally in Indian stocks. The BSE Sensex closed 404.49 points up at 18401.04 & The CNX Nifty closed 124.05 points up at 5409.05.

The graph of SENSEX from July 1997 to March 2011 (Photo credit: Wikipedia)

Who Moved and Why

1) L&T gains as consortium wins order from ONGC
2) Tata Motors gains on upgrade by foreign bank
3) ONGC recovers after 3-day 11.8% slide.
4) Volumes jump at Muthoot Finance counter
5) Axis Bank gains on bargain hunting
6) Concor gains as board to consider bonus issue
7) Sesa Goa extends recent gains
8) JSPL extends Wednesday’s gains on buyback proposal
9) Asian Paints recovers on bargain hunting
10) HDFC spurts on bargain hunting

For detail analysis report please visit:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/29th_Aug_equity_closing_update.pdf

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Market Outlook – Tracking the muted momentum!

See on Scoop.it – Share Brokers in India

The 50-share Nifty index is expected to open lower on Wednesday tracking muted Asian markets. Tracking the muted momentum, the index is expected to test its key psychological support level of 5800 in trade today. Stocks in news are ACC, Ambuja Cements, Hindustan Copper, Bharti Airtel, Idea, RComm, Tata Power, OIL India, Voltas, ONGC, Reliance Ind, TCS and Wipro.

RR Financial Consultants‘s insight:

1- PSBs like SBI, Bank of Baroda, and Bank of India reward staff to recover small loans.

2- HDFC with a balance sheet size of 71,000 crore embraces EP standards.

3- Holcim rejigs Indian operations, Ambuja cements and ACC to merge.

4- AirAsia India aims to launch operation by October.

5- Ranbaxy drugs safe says Australian drug regulator.

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

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