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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Nifty crossed another milestone, 6500 mark was crossed and sustained on a closing basis indicating bullish bias to continue.
10 Mar 2014 | 07:00 AM

Highlights for Today

Market Outlook for the day Nifty crossed another milestone, 6500 mark was crossed and sustained on a closing basis indicating bullish bias to continue.

 

Corporate News:

Sadbhav Engineering has secured an EPC road contract worth Rs 139.50 crore in Odisa.

Central Bank of India rose 1.54% on BSE after the bank said it has after due approval sold its entire stake in Credit Information Bureau of India to Transunion International Inc (FII).

Bajaj Auto Ltd announced the national launch of its all new 125 cc bike. Discover 125 comes with four-value DTS-i engine for better power and mileage.

Tata Motors will enter into an agreement with Bharatiya Mahila Bank to provide financing options for customers of its passenger vehicles.

 

Market Roundup 

Key benchmark indices surged to record high, driven by sharp gains in domestic-focused sectors viz. Banking, realty, construction and capital goods on speculation the National Democratic Alliance (NDA) will be able to form the next government at Centre. S&P BSE Sensex, hit record high near to 22,000 level and the CNX Nifty struck record high above 6,500. Trading for the day started on an upbeat note as the Sensex and the CNX Nifty, both, hit record high in early trade. The uptrend continued key indices hit fresh intraday high in mid-morning trade. It extended gains and hit fresh intraday high in late trade.

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