ECONOMY ANALYSIS
- Nifty ends above 8330; HUL & Infosys up, Coal India drags 4%
- Nov IIP may rise to 2.2%, Dec CPI seen at 5.2%
- Coal India falls 5% on likely divestment by govt in FY15
- Govt clears FDI proposals worth Rs 1,827.24 cr
- Govt clears 30 oil & gas discoveries for production
MARKET ANALYSIS
- The benchmark Sensex today extended its gains for the third straight session, rising 127 points to end at one-week high on fag-end buying in capital goods, FMCG and IT shares ahead of retail inflation and IIP data releases.
- The NSE Nifty index reclaimed the 8,300-mark by rising 38.50 points, or 0.46 percent, to end at 8,323.
- The BSE Sensex resumed higher at 27,523.86 on initial buying but fell to a low of 27,323.74 on profit-booking.
- However, the index recovered during the afternoon session session to 27,620.66 on fag-end buying before concluding at 27,585.27, logging a gain of 126.89 points or 0.46 percent from its last weekend's level. This is its strongest close since 27,842.32 on January 5. In three successive days, Sensex has gained over 676 points.
- Total market breadth continued to remain positive as 1,651 stocks ended with gainers while 1,253 finished with losses and 120 ruled steady
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