Monday, 1 September 2014

Equity Market Updates and Recommendations

India's NSE index surged past the psychologically important 8,000 level for the first time to mark its latest record high as blue-chips such as Larsen & Toubro gained after better than expected quarterly economic growth data.

The after-glow of Narendra Modi's election victory nearly four months ago helped India's lumbering economy register its fastest growth in two-and-a-half years for the quarter ending in June, according to data on Friday.

The 50-shares broader index rose as much as 0.67 percent to mark a record high of 8,007.95. Markets were closed on Friday for a holiday.L&T gained 1.7 percent, while ICICI Bank Ltd rose 1.2 percent. 

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