Indian services companies maintained their positive outlook

Key benchmark indices edged higher in choppy trade after a survey showed that private sector output across India rose for the first time in eight months during February and that Indian services companies maintained their positive outlook for output growth over the coming year in February 2014. The services sector accounts for about 60% of India's gross domestic product. The market breadth, indicating the overall health of the market, was positive. Receding geopolitical worries over Ukraine aided the upmove on the domestic bourses. The BSE Sensex closed at 21276.86 and 67.13 point up.

Who Moved and Why

1) PNB jumps after of floating entire stake in CIBIL.
2) JBF Industries surges on board's proposal for redemption of preference shares.
3) Construction stocks rise on buzz FM OKs rescheduling premium for roads.
4) Cairn India drops along with crude oil price.
5) Autoline Industries spurts on fund raising plans.
6) Jaiprakash Power Ventures slumps nearly 19% in three days.
7) UPL gains after hiking stake in Brazilian firm.

Read detail analysis report here: - http://www.scoop.it/t/fixed-deposit-schemes

Market Wrap-Up: Asian and European stocks rose after US employment!

High volatility was witnessed as key benchmark indices regained strength soon after trimming intraday gains in mid-afternoon trade. The market was volatile as traders rolled over positions in the futures & options (F&O) segment from the near month November 2013 series to December 2013 series. The market breadth, indicating the overall health of the market, was positive. Gains in Asian and European stocks underpinned sentiment on the domestic bourses. Asian and European stocks rose after US employment and consumer confidence reports boosted optimism in the world's largest economy. The BSE Sensex closed at 6091.85 and 34.75 point up.

Who Moved and Why

1) Gujarat NRE Coke spurts after multiple block deals.
2) Bank of Baroda turns volatile as board to consider preferential share allotment.
3) Dr Reddy's Labs gains on likely boost in Toprol sales.
4) Nestle India drops as overseas parent says no plan to hike stake.
5) Godrej Consumer Products surges after block deals.
6) M&M gains ahead of press conference.
7) Edelweiss Financial gains over 4% in two sessions.
8) Eicher Motors spurts nearly 11% in three sessions.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Asian-and-European-stocks-rose-after-US-employment

Market Outlook - Tracking the momentum!

The 50-share Nifty index is expected to open flat on Thursday tracking muted trend seen in other Asian markets ahead of October F&O expiry. Tracking the momentum, the index is expected to retest its crucial psychological level of 6200-6250 in trade today. Stock in news are Adani Enterprises, ALBK, Alstom T&D India, Bank of Baroda, Cadila Healthcare, DRL, EIH Associated Hotels, GTL, Jindal Saw, Muthoot Finance, Sesa Sterlite, Tube Investments and UBI.

Today’s Headlines

1) Tata to instal 15,000 ATMs in the next 3 years.
2) Banks' loans, deposits grow slower vs RBI's FY14 estimate.
3) No fresh investments unless all approvals in writing: JSPL.
4) Liberal M&A policy in telecom sector likely soon: Kapil Sibal.
5) India wants more FDI from US for aviation sector: Ajit Singh

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-Tracking-the-momentum

Tata Capital to invest Rs 40 crore in Mitra biotech!

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets, while investors will keep a close eye on Ambuja Cements which declared its results for the July-September quarter on Wednesday. Stocks in news are Ambuja Cements, SBI, IDBI, Central Bank, Idea, Biocon, Indiabulls Housing, SKS Microfinance, Piramal Enter, Jet Airways, Escorts and Raymond.

Today’s Headlines

1) SBI transfers 70 execs, move seen as an attempt by new chief to stamp her authority.
2) Former MD & Chairman of Indian Bank, four others sentenced.
3) ONGC writes to DGH about possibility of RIL drawing gas from blocks allocated to it.
4) Tata Capital to invest Rs 40 crore in Mitra biotech.

For detail news please visit here: - http://www.quora.com/Rahul-Prasad-12/Posts/Tata-Capital-to-invest-Rs-40-crore-in-Mitra-biotech

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