.: Sensex closes at record high, Don't lose hope in Biocon and more

Thursday, 23 January 2014

Sensex closes at record high, Don't lose hope in Biocon and more

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	Dated:23 January,2014

Top Headlines

Sensex makes new closing high: How to play the market

Sensex continued with its upward journey and ended at a fresh record-closing high, led by gains in cap goods and defensives such as pharma and FMCG.

Investors should not lose hope in Biocon despite weak Q3 show

Biocon plunged nearly 6% on Thursday, after its net profit rose 14% to Rs 105 crore for the quarter ended December 31 which was largely in line with estimates.

Sonia Gandhi seeks gold import duty cut, jewellery stocks soar

Congress president Sonia Gandhi is said to have pushed for the relaxation of 80:20 scheme on the import of the yellow metal.

Views on Stocks/Markets

L&T looks reasonably priced as of now: IIFL

Prefer Infosys over TCS in IT sector: Prashastha Seth

Dewan Housing a good portfolio pick: Avinnash Gorakssakar

IPO/Global Markets

China shares slip

Seoul shares fall

Japan shares weighed down

Rupee / Gold

Re weakened to two-week low

Gold falls on sluggish demand

Re wins as investors cherry-pick

More 'Market' News

Sensex at new high of 21,374: Why's euphoria missing
The Indian stock market made another record high today, but investors and experts seem to be not at all enthused about the same.

L&T surges even as management cuts guidance; a good buy?
L&T lowered its FY14 guidance by 5 percentage points, citing an unpromising investment climate and policy uncertainty ahead of 2014 elections.

Nifty ends at 6,346, just 18 pts short of record high
Sensex closed at fresh record high by gaining 35.99 points on funds buying driven by strong corporate earnings by L&T and housing finance major HDFC.

Market Round-up

SENSEX	21373.66	35.99
NIFTY	6345.65	6.70
S&P500	1,844.86	1.06
NASDAQ	4,243.00	.00
USD/INR	61.7927	.19
USD/INR	61.7927	.19

NSE Gainers
Scrip	Price(Rs.)	%Change
Tata Sponge Iron Ltd.	405.20	+ 15.67
Star Ferro and Cement Ltd	16.80	+ 10.53
Dr. Datsons Labs Ltd.	79.20	+ 10.00
Rai Saheb Rekhchand Mohot	96.90	+ 9.99
Shree Ganesh Jewellery Ho	28.95	+ 9.04

NSE Losers
Scrip	Price(Rs.)	%Change
KPIT Technologies Ltd.	158.85	-13.79
Sasken Communication Tech	179.60	-13.63
Archies Ltd.	21.10	-10.02
Sharyans Resources Ltd.	55.35	-9.93
Heidelberg Cement India L	38.60	-8.85