ECONOMY ANALYSIS
- Sensex ends up 184 pts, Nifty firm; HUL, Infosys gain 5-6%.
- Educomp up 9%, to mull restructuring options soon.
- Videocon Industries up 15% on oil discovery in Brazil.
- MFs invest Rs 6 trillion in debt markets in 2014.
MARKET ANALYSIS
- In a volatile trade, the stock market benchmark Sensex today soared higher by 183 points, led by gains in IT stocks as InfosysBSE 5.02 % beat market expectations with a robust set of quarterly results.
- After opening on a strong note, the 30-scrip BSE index touched a high of
27,507.67 points in early trade amid firm global trends, but the markets saw heavy profit booking in late afternoon session in realty, infrastructure, power, banking capital goods and metal stocks. This pulled down the index to the day's low of 27,119.63 points.
- The BSE barometer finally closed with a rise of 183.67 points, or 0.67 percent to 27,458.38. The gauge had gained 365.89 points yesterday on the back of encouraging US data and recovery in crude oil price.
- The broad-based Nifty of the National Stock Exchange also regained the psychological 8,300-mark in early trade, but succumbed to profit-booking later and dipped to a low of 8,190.80, before finally ending the day 49.90 points, or 0.61 percent higher at 8,284.50.
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