Market Outlook for the day – Nifty is wisely placed at current levels, intraday day dips up to 7650 mark can be utilized to create fresh long positions.
Bajaj Auto motorcycle sales stood at 2.62 lakh units against 2.54 lakh units, a gain of 3 per cent. Commercial vehicle sales rose 5 per cent to 43,263 units. Its total sales stood at 3.05 lakh units during June 2014 against 2.96 lakh units in June 2013, representing a rise 3 per cent rise year-on-year.
MphasiS promoter company Hewlett-Packard has revived plans to sell its stake in the Indian company.
Castrol India jumped 8.9% on BSE on a media report that the company's promoter Castrol Plc is exploring options to delist Castrol India from the Indian stock market.
Key benchmark indices surged on expectations of a growth oriented Budget, on decline in crude oil prices and on signs of pick up in monsoon rains. The barometer index, the S&P BSE Sensex, and the CNX Nifty, both, scaled fresh record high. Domestic sentiment was buoyed on sustained foreign fund inflows and buying by retail investors after Finance Minister said the Government would take bold decisions in the forthcoming Budget to revive the economy. The market breadth indicating the overall health of the market was strong.