Key benchmark indices extended gains and hit fresh intraday high in late trade. The market breadth, indicating the overall health of the market was positive. The market sentiment was boosted by the Reserve Bank of India's announcement after trading hours on Tuesday, 18 February 2014, that it will conduct term repo auctions in March 2014 to address the liquidity tightness in the banking system. The market sentiment was also boosted by data showing that foreign funds remained buyers of Indian stocks on Tuesday, 18 February 2014. The BSE Sensex closed at 20722.97 and 88.76 point up.
Who Moved and Why
1) Greaves Cotton advances after bulk deal.
2) Bharti Airtel gains after crossing 200 million mobile subscriber marks.
3) HMT surges as government approves revival and restructuring plans.
4) Sun Pharma gains on buzz of USFDA approval for osteoporosis drug.
5) Tara Jewels hits the roof on mutual fund buying.
6) Ranbaxy Lab gains on buzz of settlement with Teva.
Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/19th_Jan_equity_closing_update.pdf
Who Moved and Why
1) Greaves Cotton advances after bulk deal.
2) Bharti Airtel gains after crossing 200 million mobile subscriber marks.
3) HMT surges as government approves revival and restructuring plans.
4) Sun Pharma gains on buzz of USFDA approval for osteoporosis drug.
5) Tara Jewels hits the roof on mutual fund buying.
6) Ranbaxy Lab gains on buzz of settlement with Teva.
Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/19th_Jan_equity_closing_update.pdf