ECONOMY ANALYSIS
- Sensex, Nifty end flat; small & midcaps rally, autos drag
- Fiscal deficit target of 4.1% challenging but achievable: Citi
- SpiceJet, Jet Airways fly 6-7% high on fuel price cut
- Karnataka Bank up 7.5% on 3-fold jump in profit, stable NPA
- Apollo Hospital Q2 profit may rise 7% to Rs 92.87 cr: Poll
- Bank of India Q2 profit jumps 26.4%, asset quality worsens
MARKET ANALYSIS
- It was a lacklustre session for the market on Monday as equity benchmarks saw consolidation after hitting record highs in early trade but the Nifty held its 8300-mark. The index rose 1.95 points to end at record closing high of 8324.15 while the Sensex fell 5.45 points to 27860.38 on profit booking. Meanwhile, the BSE Midcap and Smallcap indices outperformed equity benchmarks, rising 1 percent each.
- Though it was a consolidation day due to lack of triggers, the market will remain in a positive trajectory, say experts, adding the Sensex may see 28000 level soon.
- The market will remain shut on Tuesday for Muharram. Meanwhile, Indian factory activity reported a moderate growth in October with the HSBC Manufacturing Purchasing Managers' Index (PMI) rising to 51.6 in October from 51.0 in September. The auto industry was in reverse gear as sales for the month of October missed expectations. percent drop in total sales year-on- year, respectively.
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