Monday 1 June 2015

Nifty closes above 8,400; M&M surges over 4%

Equity trading tips : Nifty closes above 8,400; M&M surges over 4%

Mahindra Q4 profit down 39%, misses estimates

Vodafone sells its 4.2 % stake in Bharti Airtel for $200 mn 5

FIPB defers Kotak Bank's proposal to hike FDI limit

BoI to sell 18% stake in life insurance JV to Dai-ichi

Nikkei ends @ 20,563, hits fresh 15-yr closing high

The 30-stock benchmark Sensex ended the day at 27,828.44; up 321.73 points.

The broader 50-share Nifty closed above the crucial mark of 8,400 @ 8,433.65; up 114.65 points.

26 of the Sensex stocks ended the day in green. Sectorally, auto index was the top gainer, up 1.8%. Airtel and M&M were the top gainers on Sensex, closing with gains of about 4%. Value buying, hopes of a rate cut from RBI on June 2 are said to the top reasons why Indian markets were on a roll today.

Spicejet rallied 12 per cent intraday after reporting net profit of Rs 22.5 crore for the Q4 of the current fiscal year.

Adani Enterprises dropped by 7 per cent intraday, extends losses. Read Here

Airtel surged over 6 per cent intraday on Vodafone stake sale.

Rupa gained another 10 per cent, up 90 per cent in 7 days.

Wockhardt recoverd after losing as much as 7.3 per cent intraday.

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