05:43
SHARE MARKET REVIEW
Nifty Updates On : 7-August-2012
Nifty Technical Levels :8-August-2012
Stocks to buy : 8-August-2012
BSE SENSEX and NIFTY benchmarks rose to their highest levels on hopes the RESERVE BANK OF INDIA will be pressured into lowering interest rates. Inflow of foreign money too aided the rally as foreign institutional investors have bought more than 4000crore worth of Indian equities in previous seven sessions. Country’s largest lenders State Bank Of India and ICICI Bank surged more than 2%. Even the technology players Infosys and TCS gained more than 2%. Top commercial vehicle maker TATA MOTORS continued to trade with more than 4% gains and India’s second largest two-wheeler maker Bajaj- Auto rallied 3%. On the other side two-wheeler major HEROMOTO CORP was down 1.4% due to the adjustment for dividend of Rs.45 per share.
