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Wednesday, June 25, 2014

TODAY'S EQUITY MARKET REPORT AND UPDATE 25/june/2014


ECONOMY ANALYSIS

  • Sensex ends up over 300 points; Nifty holds 7550
  • Reliance Communications likely to launch up to Rs 2,985 crore share sale
  • Power Grid up 1%, to invest Rs 5500 cr for upgradation
  • Bajaj Hindusthan up 10% on FCCB repayment, sugar sops
  • GAIL, IGL climb 5% on hopes of natural price hike

    MARKET ANALYSIS

  • The S&P BSE Sensex snapped four-day losing streak and closed 337 points up on back of easing crude oil prices and as sentiment turned bullish on hopes of strong reforms in the Union Budget.
  • The crude oil prices registered its biggest decline in the last seven weeks as oil supply concerns from Iraq eased.
  • The 30-share index ended at 25,368.90, up 337.58 points or 1.35 per cent. It touched intraday high of 25,414.69 and a low of 25,115.83 in trade today.
The Nifty closed at 7,580.20, up 86.85 points or 1.16 per cent. It touched intraday high of 7,593.35 and a low of 7,515.20 in trade today.
The market breadth was positive on the BSE with 2,042 gainers against 9,85 losers.

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  2. HDFC Bank seeks shareholder approval in order to raise Rs 10,000 crore in the AGM meet to be held later during the day. Reliance Communication plans to raise Rs 4,300 crore by way of a qualified institutional placement of shares and a preferential offer to promoters.
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