Highlights for Today
Market Outlook for the day – Nifty is wisely placed on the long and short term charts thus any dip from the current levels can be utilized to build fresh long positions.
Lupin has received final approval from the USFDA to market a generic version of Takeda Pharmaceuticals USA, Inc.'s (Takeda) Actos.
Reliance Power said that boiler lightup has been achieved for its fourth 660 megawatt unit at the 3,960 megawatt Sasan Ultra Mega Power Plant.
Hindalco Industries jumped 4% on NSE after Alcoa Inc reported quarterly earnings that beat analysts' expectations on Tuesday, 8 April 2014.
Key benchmark indices extended gains and Nifty hit fresh intraday high above 6800 mark in late hour trade to close at record highest level. CNX Nifty tested the psychological 6800 level in day trade. Strong buying support was witnessed in banking stocks and BSE Bankex ended after adding nearly 3.5% to its previous value. Among other sectorial indices BSE Metal and Pharma gained more than 2% each. Profit booking was seen in IT stocks and IT index closed more than 1% down. The market breadth, indicating the overall health of the market, was strong.