Wednesday, 20 November 2013

INDIAN MARKET OUTLOOK - 20 NOVEMBER 2013

INDIAN EQUITY BENCHMARK rose for a third consecutive session to their highest closing levels in nearly two weeks, as a rally in debt markets boosted banks, the biggest holders of bonds. Metal stocks extended Monday's gain triggered by China unveiling its boldest set of economic and social reforms in nearly three decades late last week. 

Further, Jet Airways ended higher by over 3% on reports that the board of directors will meet tomorrow to finalize the preferential allotment of 24% equity to Etihad Airways. 

Aban Offshore has soared 20% to Rs 302, after reporting 58% year-on-year (yoy) growth in the quarter ended September 30, on back of good operational performance and higher revenues.


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