Key benchmark indices logged strong gains led by ITC, ICICI
Bank and HDFC. The barometer index, the S&P BSE Sensex, rose 232.56 points
or 0.73% to settle at 32,037.38. The Nifty 50 index rose 75.60 points or 0.77%
to settle at 9,891.70. The Sensex settled above the psychological 32,000 mark
after moving above and below that level during the day. The Sensex and the
Nifty, both, hit record high on intraday as well as closing basis. Data showing
record low inflation data stoking hopes of an interest-rate cut bolstered
sentiment.
Overseas, Asian and European shares rose as dovish comments
from US Federal Reserve Chairwoman Janet Yellen improved risk-taking appetite.
ONGC was the top Sensex loser, slipping by 2.30 per cent.
Asian Paints was down by 0.75 per cent, Tata Motors dropped 0.55 per cent and
M&M closed down by 0.43 per cent.
ITC was the top Sensex gainer, closing at Rs 338.65 levels,
up by 3.03 per cent. ICICI Bank, Bharti Airtel, Sun Pharma, L&T and Maruti
were the lead gainers gaining up to 1.71 per cent per cent.
Stocks to look out for tomorrow:
Union Bank of India :- The bank gained on receiving
nod to raise Rs 500 crore through Basel III. The momentum is expected to
continue in coming session.
Goa carbon:- The company came out with impressive set
of numbers . The stocks will be in focus on Friday.
Chartered Logistics :- The company bagged order worth
Rs 24 crore. The stock closed on a positive note on Thursday and is expected to
trade with positive momentum on Friday.
ONGC/HPCL/BPCL :- These companies will be in focus on
Friday owing to the merger development.
Hudco:- The recently listed government owned entity
touched its upper circuit in today’s trade. The stock will trade volatile on
Friday.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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