Trading for the week began on an upbeat note as key benchmark indices surged as crude oil prices dropped after the US and five other world powers agreed with Iran on Sunday, 24 November 2013, to ease part of an economic stranglehold in exchange for steps aimed at capping Iran’s nuclear program and ensuring the country’s Islamist government doesn’t rush to develop atomic weapons The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed at 20605.08 and 387.69 point up.
Who Moved and Why
1) Shares of state-run upstream oil firms rise.
2) Offshore oil services providers in demand.
3) Valecha Engineering jumps after winning order.
4) NHPC gains as share buyback to begin from Friday.
5) Volumes jump at Hatsun Agro Product counter.
6) DIC India hits the roof on delisting plan.
7) Cairn India gains over 4% in two sessions.
8) Tata Power gains after inking MoU with Vietnam govt.
9) Pfizer, Wyeth in demand.
10) PSU OMCs jump after brent crude declines.
Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/25th_Nov_equity_closing_update.pdf
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