HEADLINES
ECONOMY ANALYSIS
- Sensex at new closing high, Nifty ends Oct expiry at 8169
- Maruti Suzuki Q2 net up 29%, board raises FII limit to 40%
- ICICI Bank Q2 profit, NII climb 15.2%; asset quality hit
- YES Bank Q2 profit up 30% on lower provision, strong NII
- Sadbhav's infra arm likely to file IPO papers by December
- Realty stocks rally as govt eases FDI norms
MARKET ANALYSIS
- The S&P BSE Sensex rallied about 300 points in intraday trade on Thursday to hit its fresh record high of 27390.60, at a time when other Asian markets were trading mixed after the Federal Reserve overnight ended its monthly bond-buying program that quadrupled its balance sheet to $4.4 trillion.
- The S&P BSE Sensex hit its all-time high after a flat start, led by gains in realty stocks, InfosysBSE 1.72 %, TCS, HDFC and Dr Reddy's Laboratories.
- The Sensex closed the day at 27,346.33; up 248.16 points. The 50-share Nifty shut shop at 8,169.20; up 78.75 points.
- The previous all-time high for Sensex was 27,354.99.
- The US Federal Reserve has ended its quantitative easing program, which it began five years ago, to keep economy afloat in the wake of a huge financial crisis.
- US has ended its quantitative easing program, but inflows in Indian markets are likely to continue as other countries such as Japan and Europe are extending their easing monetary policy.
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