Thursday, November 8, 2012

Fundamental Market view - 8-11-2012

Roundup - Indian markets welcomed the news of the re-election of Barrack Obama as the President of the Unit-ed States and closed positive at the end of the session.
Interest rate sensitive banking and realty stocks rose on expectation of rate cut from the central bank in the first quarter of 2013.Among sectoral indices other than Oil &Gas all indices closed positive. HDFC and HDFC Bank scaled a record high. Bharti Airtel fell on weak Q2 results. Tata Power Company declined after Q2 results. Indraprastha Gas rose on good Q2 September 2012 outcome. The market breadth was positive. On BSE, 1,667 shares rose and 1,207 shares fell.

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