The Sensex breached the 19,000 mark for the first time in 15 months ahead of the Cabinet meeting that is likely to consider big-ticket reforms.
If the government follows up on action which they have done recently and those actions convert into numbers, markets are set for a big bull run.
Analysts are still bullish on the rupee with OCBC predicting the currency to gain 5% to 49.70 & Credit Suisse putting Re to 50 vs USD.
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Rupee / Gold
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Shares of Indian drug makers and IT stocks extend fall on Thursday as investors continue to switch out of previously outperforming defensive sectors into cyclical.
Once we have the new Parliament session in winter, we will have to see that how many of the reforms go through the test of Parliament.
Software services provider MphasiS slipped over 3 per cent in trade on Thursday after its parent HP warned of an unexpectedly steep earnings slide in 2013.
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| Market Round-up |
| 19058.15 | 188.46 |
| 5787.60 | 56.35 |
| 2141.54 | 17.78 |
| 10060.06 | 19.61 |
| 46.79 | -0.14 |
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| NSE Gainers |
| Scrip | Price(Rs.) | %Change |
| 52.85 | + 19.98 |
| 3.65 | + 19.67 |
| 2.85 | + 18.75 |
| 14.55 | + 18.29 |
| 112.45 | + 18.18 |
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| NSE Losers |
| Scrip | Price(Rs.) | %Change |
| 24.40 | -47.47 |
| 56.50 | -9.31 |
| 308.05 | -8.32 |
| 5.05 | -8.18 |
| 39.55 | -8.02 |
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