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Thursday, August 21, 2014

Sensex ends on flat note; Nifty below 7900 levels - Economic Times

NEW DELHI: The S&P BSE Sensex pared most of its intraday gains to end on a flat note on Wednesday. The rally of about 150 points in intraday trade was led by gains in SBI, L&T, ICICI Bank, Tata Steel and RIL.

Tracking the momentum, the 50-share Nifty index also closed below its crucial psychological level of 7900, weighed down by losses in metal, IT, pharma and realty stocks.


The BSE Sensex closed 0.17 per cent higher or 45.82 points at 26,360.11. It hit a low of 26,262.52 and a high of 26,464.80 in trade today.


The 50-share Nifty index ended 0.20 per cent higher or 15.80 points at 7,891.10. It hit a low of 7,855.95 and a high of 7,919.65 in trade today.


D-Street highlights @ 3:30 pm


India Nivesh: Shilpa Medicare can be a multi-bagger in the next 2 years


India Nivesh: Bullish on Shilpa Medicare in the pharma sector


India Nivesh: Positive on Sharon Bio Med among mid-cap pharma stocks


India Nivesh: Expect Sharon Bio's Q1 PAT to be around Rs 60 cr


India Nivesh: Bullish on HIL, see potential upside of 100%


Finance Secretary: Tax-GDP ratio consistent with Govt's projections


RBI Deputy Governor: India's shadow banking problems are of a different kind


RBI Deputy Governor: Working with Govt to curb shadow banking further


Finance Secretary: Hope to exit diesel subsidy soon


Finance Secretary: Believe Govt's subsidy burden will come down in 2-3 years


Finance Secretary: Hope RBI has room to cut rates as inflation trends down


@ 2 pm


Sources Say: Oil Min for revising benchmark for ethanol pricing


Sources Say: Oil Min not for 10% ethanol blend in petrol to be mandatory


Finance Secretary: No proposal from RBI & SEBI on FII gilt investment cap hike


Finance Secretary: No proposal from RBI, SEBI on FII gilt investment cap hike


Wipro, CA Tech expand pact for application development


RBI Dy Guv To ET NOW: There is no ideal level of compensation for PSU bank chiefs


RBI Dy Guv To ET NOW: Splitting up Chairman, MD post will improve quality of bank board


RBI Dy Guv To ET NOW: RBI has already issued a detailed clarification on HR issues


RBI Dy Guv To ET NOW: Consolidation is the need of the hour, India needs a few big banks


RBI Dy Guv To ET NOW: Recent PSU bank scams don't pose any systemic risk


RBI Dy Guv To ET NOW: Asset quality issues have been matter of concern for a while


@ 1 pm


Germany Aug manufacturing PMI falls to 52 vs forecast of 51.5


Nifty retreats from day's high; Metals,Cement see profitbooking


SpiceJet overtakes Jet as 2nd largest passenger carrier in July


Strong gains for PSU Bank Index & Bank Nifty


Govt Sources: May send new bilateral investment pact to Cabinet in a month


Govt Sources: Fin Min to be involved in all free trade pact talks


LIC Says: Told PSU banks to get RBI nod before offering equity


LIC Says: Prior RBI nod to allay concerns about PSU banks' equity offer


Andhra Bank: Restructured portfolio unlikely to increase above Rs 10,000 cr


Andhra Bank: Bhushan Steel remains a standard account



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