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Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
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Morning Notes 28 July
On Tuesday July 27, 2010,
Bank stocks lead rally in European equities
Asian markets were trading mixed today, 27 July 2010.
US stocks extended gains on Monday, 26 July 2010,
On Tuesday 27 July 2010, the Reserve Bank of India (RBI) at its Q1 monetary
policy raised its key interest rates
the Key benchmark indices ended a tad
higher as firm European stocks and higher US index futures helped the market shrug off a
rate hike from the Reserve Bank of India (RBI) at a quarterly monetary policy review. The
BSE 30-share Sensex closed at 18077.61 up 57.56 points or 0.32% and NSE 50-share Nifty
ended at 5430.60 up 12 points or 0.22% from previous day's close. The market breadth was
negative. Auto stocks saw an across the board rally with Bajaj Auto striking a record high.
Banking stocks edged higher, rebounding from the days' lows. IT pivotals gained following
upbeat new home sales data in US. Index heavy weight Reliance Industries was almost
unchanged ahead of its Q1 June 2010 results later in the day.
after the Basel Committee on Banking
Supervision, late on Monday, 26 July 2010, reached an agreement to amend some of its
capital and funding reform proposals for the banking sector. The key benchmark
indices in France, Germany and UK rose by between 0.38% to 0.86%.
The key benchmark indices in
Singapore, Hong Kong, and Indonesia were up by between 0.42% to 0.64%. The key
benchmark indices in Japan, China, South Korea and Taiwan were down by between
0.04% and 0.51%.