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Equity Research Report: Religare Morning Digest

Market Outlook for the day –The overall bias is in favor of the bulls, thus any dip from the current levels can be utilized to create fresh long positions in Nifty.
26 Mar 2014 | 07:00 AM

Highlights for Today

Market Outlook for the day The overall bias is in favor of the bulls, thus any dip from the current levels can be utilized to create fresh long positions in Nifty.

 

Corporate News:

Power Grid Corporation of India has acquired Unchahar Transmission pursuant to the company's selection as the successful bidder under Tariff based competitive bidding.

Arvind Ltd. surged 5.77% on BSE after the company said that it has joined Indian joint venture with PVH Corp for operation of Calvin Klein business in India.

TCS has won a multi-million, multi-year deal from GDF Suez, a global leader in the energy sector. 

 

Market Roundup 

The key benchmark indices closed flat in a volatile trading day. Volatility ruled the roost in early trade as the key benchmark indices cut initial losses triggered by mostly lower Asian stocks. It reversed intraday losses in mid-afternoon trade as European markets edged higher in early trade there. The Sensex, and the 50-unit CNX Nifty, both, hit record high in intraday trade. The market breadth, indicating the overall health of the market, was negative.

 
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