Highlights for Today
Market Outlook for the day –We reiterate our view, Nifty is wisely placed at current level indicating higher chances of continuation of the ongoing uptrend thus traders must avoid taking short positions.
Reliance Industries reported that Export Development Canada has announced $500 million in financing for the company.
Bajaj Auto sold 3.87 million units during FY'14 versus 4.23 million units in the previous fiscal, translating into a decline in sales of 9% YoY.
Key benchmark indices edged higher as gains in European and Asian stocks boosted sentiment on the domestic bourses. BSE Sensex, and CNX Nifty, both, hit record high on intraday basis as well as on closing basis. PSU banks rose across the board. IT stocks rose on positive economic data in US. The BSE Small-Cap and BSE Mid-Cap indices were up more than 1.5% each. The market breadth, indicating the overall health of the market, was strong.