Key benchmark indices trimmed intraday gains in mid-morning trade. The barometer index, the S&P BSE Sensex, was up 246.70 points or 1.222%, off about 70 points from the day's high and up close to 135 points from the day's low. The market breadth, indicating the overall health of the market, was strong. The market sentiment was boosted by a drop in crude oil prices after the US and five other world powers agreed with Iran on Sunday, 24 November 2013, to ease part of an economic stranglehold in exchange for steps aimed at capping Iran's nuclear program and ensuring the country's Islamist government doesn't rush to develop atomic weapons.
Who Moved and Why
1) Cairn India gains over 4% in two sessions.
2) Tata Power gains after inking MoU with Vietnam govt.
3) PSU OMCs jump after brent crude declines.
4) Siemens slips after weak FY 13 results.
5) Eyeing higher returns, NBFCs make a beeline to fund realtors.
6) FMCG major ITC sets up store locator to give sales a big push.
7) BSNL, Power Grid & RailTel to get Rs 2,700 crore for optic fibre rollout.
Read detail analysis report here: - http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/25th_Nov_MidSession%20Update.pdf
Who Moved and Why
1) Cairn India gains over 4% in two sessions.
2) Tata Power gains after inking MoU with Vietnam govt.
3) PSU OMCs jump after brent crude declines.
4) Siemens slips after weak FY 13 results.
5) Eyeing higher returns, NBFCs make a beeline to fund realtors.
6) FMCG major ITC sets up store locator to give sales a big push.
7) BSNL, Power Grid & RailTel to get Rs 2,700 crore for optic fibre rollout.
Read detail analysis report here: - http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/25th_Nov_MidSession%20Update.pdf