Nifty Ends at 8322, Sensex Soars 519 pts

ECONOMY ANALYSIS

• Record closing: Nifty ends at 8322, Sensex soars 519 pts
• ITC Q2 profit up 8.7% to Rs 2,425 cr, revenue disappoints
• See 7% GDP by 2017; like pvt banks, autos: Kotak's Prasad
• M&M Q2 profit falls 4.3%, revenue beats forecast, OPM dips
• Union Bank Q2 profit jumps 78%, asset quality weakens
• To open 150 Domino's, 30 Dunkin' Donuts in FY15: Jubilant

MARKET ANALYSIS

• Both S&P BSE Sensex and Nifty made fresh highs today, surging nearly 2 per cent each in trade on Friday. The 30-share index ended the day at 27,865.83, up 519.50 points, or 1.90 per cent. The Nifty shut shop at 8322.20, up 153 points, or 1.87 per cent.
• The Sensex hit its fresh lifetime high of 27,894.32 in intraday trade, while the 50- share Nifty index rose over 150 points to make its all-time high of 8,330.75.
• Strong macro environment, reform push by the new government and falling inflation have already boosted the Sensex by over 30 per cent so far in the year 2014. But analysts at Dalal Street see further upside in the index up to the levels of 30,000 by the December-end and over 35,000 in the next one year.
•  Analysts at top brokerage firms firmly believe that we are in a bull market and equities will remain the best asset class in the next couple of years, provided global markets remain stable.