Key benchmark indices surged as a weaker-than-estimated US jobs report eased concern that the US Federal Reserve may accelerate the pace of stimulus cuts. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets in recent years. India has been one of the biggest beneficiaries of foreign capital flows. The barometer index, the, S&P BSE Sensex, reclaimed the psychological 21,000 mark. The Sensex and the 50-unit CNX Nifty, both, hit 1-1/2 week high. The Sensex close up by 375.72 points or 1.81%.
Who Moved and Why
1) Kotak Mahindra Bank gains after bulk deal.
2) NMDC gains on good production and dispatches of iron ore.
3) Pennar Industries jumps after securing new orders.
4) Nitin Spinners gains after achieving financial closure for an expansion project.
5) Ranbaxy Lab tumbles on FDA inspection of Toansa unit.
6) Gati hits 52-week high on twin bulk deals.
7) Tata Steel inches up amid volatility after reporting Q3 sales volume data.
Read detail analysis report here: - http://rrfinance.webs.com/apps/blog/show/40694998-market-wrap-up-kotak-mahindra-bank-gains-after-bulk-deal-
Who Moved and Why
1) Kotak Mahindra Bank gains after bulk deal.
2) NMDC gains on good production and dispatches of iron ore.
3) Pennar Industries jumps after securing new orders.
4) Nitin Spinners gains after achieving financial closure for an expansion project.
5) Ranbaxy Lab tumbles on FDA inspection of Toansa unit.
6) Gati hits 52-week high on twin bulk deals.
7) Tata Steel inches up amid volatility after reporting Q3 sales volume data.
Read detail analysis report here: - http://rrfinance.webs.com/apps/blog/show/40694998-market-wrap-up-kotak-mahindra-bank-gains-after-bulk-deal-