Tuesday, 27 January 2015

Key indices retain positive zone

After a range bound movement in moring trade, key benchmark indices trimmed gains in mid-morning trade. The barometer index, the S&P Sensex, was currently up 76.95 points or 0.26% at 29,355.79. The market breadth indicating the overall health of the market was positive. Most IT stocks edged lower.
Telecom stocks edged higher on renewed buying. Among FMCG stocks, shares of Nestle India scaled record high.
India and the US on Sunday, 25 January 2015, reached an understanding on resolving the logjam in implementing the historic 2006 India-US nuclear deal besides deciding to jointly produce military hardware including advanced unmanned aerial vehicles (UAVs) during talks between Prime Minister Narendra Modi and US President Barack Obama.

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