Market Outlook for the day – Caution is advised as derivatives expiry is scheduled on 28th August, 2014 and Nifty is trading close to its psychological resistance mark – 8000 levels.
The Supreme Court (SC) directed realty major DLF to submit Rs 630 crore within three months. The company will be submitting undertaking of interest of 9 percent on Rs 630 crore fine.
UCO Bank fell 8.24% on BSE on reports the government has ordered limited forensic audit into some of the non-performing loan accounts of the bank.
Key benchmark indices moved up on sustained foreign capital inflows and firm overseas cues. Gains for Asian stocks and expectations of further stimulus from the European Central Bank (ECB) helped Indian markets to close positive. S&P BSE Sensex, and CNX Nifty, both, attained record closing high. High intraday volatility was witnessed in late trade. The advance-decline ratio was positive on BSE.