Market Outlook for the day – Nifty settled at all-time highest levels led by banking counters, Bank Nifty is still looking positive and upside move in Nifty is more likely to continue.
Tata Motors is looking to launch 20-25 new platforms in the coming years. The Company sales of luxury brand Jaguar Land Rover rose 12.24 per cent to 39,467 units in July, compared to 35,162 units in the same month last year. In the passenger vehicles category, the global sales last month were at 49,001 units, as against 46,684 units in July 2013, up 4.96 per cent.
India's tea exports in the first half of 2014 rose 6.7 percent from a year earlier to 94.53 million kg due to higher purchases by the UK and Pakistan. In the January to June period, tea exports from the south Asian country to Iran, Egypt and United Arab Emirates eased.
Key benchmark indices surged to record high after Prime Minister Narendra Modi on Friday, 15 August 2014, in his first Independence Day address to the nation emphasized the need for better governance and stressed on the need to promote the manufacturing sector. Decline in crude oil prices and gains in European stocks on signs of easing geopolitical tensions in Ukraine aided the upmove on the domestic bourses. The market breadth indicating the overall health of the market was strong. The BSE Mid-Cap index was up 1.8%. The BSE Small-Cap index was up 2.27%.