03:30 Market closing
The market has once again ended on a flat note. The Nifty ended at new
closing high, at 8362.65, up 18.40 points. The Sensex is up 35.33 points at
27910.06. M&M was up 3 percent while Tata Steel, Axis Bank, GAIL and HDFC
were other gainers in the Sensex. Among the losers were BHEL, ITC, Bharti,
Infosys and Sesa Sterlite.
02:50pm Bosch at record high post earnings
Bosch, a supplier of automotive components and technology to original
equipment
manufacturers (OEMs), posted 30.78 percent rise year-on-year in net profit at Rs 306.36 crore for the quarter ended September.
manufacturers (OEMs), posted 30.78 percent rise year-on-year in net profit at Rs 306.36 crore for the quarter ended September.
The company follows January-December fiscal. Its net income also increased
19.03 percent to Rs 2,555.76 crore during the quarter under review as against
Rs 2,147.09 crore during the corresponding quarter of previous fiscal.
02:35pm Brent crude near $ 81/bbl
Brent crude oil futures fell by more than USD 1 today to a four-year low of
USD 81.23, as a strong dollar and robust production from US shale oil fields
weighed on prices.
The US dollar hit a 7-year high against the yen and was up 0.2 percent on
the day against a basket of currencies.
Production from shale oil fields in the United States showed no signs of
slowing despite falling prices, the Energy Information Administration said in a
forecast on Monday.
US crude futures fell by 98 cents to an intraday low of USD 76.42, reports
Reuters.
02:25pm Market Expert
Investors have marginally increased their already
‘overweight’ position on India, says Suhas Hari of JM Financial.
He is bullish on auto, auto components, apparel
and agrochem sectors. Hari says the big surge in deep cyclical stocks is yet to
be seen even as the market has been making new highs.
02:00pm Market Check
Equity benchmarks remained directionless in afternoon trade due to lack of
triggers in near term. RBI policy on December 2 may be the next trigger.
The Sensex fell 3.56 points to 27871.17 and the Nifty declined 1.55 points
to 8342.70. About 1452 shares have advanced, 1418 shares declined, and 113
shares are unchanged on the BSE.
Shares of ITC, BHEL, Infosys, Bharti Airtel and Cipla dropped 1-2.5 percent
while Reliance Industries, HDFC, M&M, Axis Bank, Tata Steel and Gail India
gained 1-2 percent.
Opto Circuits surged over 8 percent as Department Of Industrial Policy &
Promotion has floated draft cabinet note on FDI in medical devices. DIPP
proposed 100 percent FDI through auto route for medical devices. More
information please visit this site www.bigprofitbuzz.com
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