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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Traders are advised to hold long positions as both Nifty and Sensex closed at record high on Monday, this has further strengthened the uptrend.
25 Mar 2014 | 07:00 AM

Highlights for Today

Market Outlook for the day Traders are advised to hold long positions as both Nifty and Sensex closed at record high on Monday, this has further strengthened the uptrend.

 

Corporate News:

Tech Mahindra announced a global alliance with Box, a premier member of the Box Services Partner Program. The alliance enables enterprise customers to leverage Box's cloud based content collaboration solution as part of Tech Mahindra's Digital Enterprise Platform (DEP) for handling document centric processes. 

BHEL won a mega contract worth Rs 3000 crore from NTPC for supplying 2x800 megawatts supercritical boilers.

NHPC announced commercial operation of unit 1 and 2 of Parbati-III HE project in Himachal Pradesh.

 

Market Roundup 

Key benchmark indices held firm in late trade. Market edged higher in early trade on firm Asian stocks. It extended initial gains in morning trade and hit fresh intraday high in afternoon trade. The Sensex hit fresh record high above the psychological 22,000 level. CNX Nifty also scaled record high. Key benchmark indices held firm in late trade. The market breadth, indicating the overall health of the market was negative. 

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