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India's NSE index surges past 8,000 to record high

* NSE ends 0.92 pct higher; BSE index gains 0.86 pct * Maruti gains; August exports beat expectations * Mid-cap state-run banks gain on unwinding of short positions By Abhishek Vishnoi MUMBAI, Sept 1 - India's NSE index surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. Data showing India's economy grew a faster-than-expected 5.7 percen

India's NSE index surges past 8,000 to record high; blue-chips gain

MUMBAI, Sept 1 - India's NSE index surged past the psychologically important 8,000 level for the first time on Monday to mark its latest record high as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data.

01 Sep 2014

MARKET EYE -India's mid-cap state-run banks gain on unwinding of short positions

* Mid-cap state-run banks gain as investors unwind short positions. * Traders cite better-than-expected GDP data. * RBI Chief Rajan's comments noting bad loan are not "scary" also cited as a reason. * Below is a list of mid-cap banks witnessing short covering. * Sept futures Open Interest Change (shares) Canara Bank -124,000 Federal Bank -48,000 Indian Overseas Bank -392,000 Oriental Bank Of Commerce

01 Sep 2014

MARKET EYE -India's Maruti gains; August exports beat expectations

* Shares in Maruti Suzuki India rise as much as 3.03 percent to a record high of 2,869 rupees. * Auto maker's August vehicle sales rose 26.9 percent from a year earlier, beating some expectations. * Domestic sales were in line with expectations but exports were higher than expectations, dealers say. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

01 Sep 2014

MARKET EYE -India's Hindalco gains; investigators drop coal scam case

* Shares of India's Hindalco Industries Ltd gain 2.5 percent. * Indian investigators drop coal scam case against promoter Kumar Mangalam Birla. * The Central Bureau of Investigation filed the case against Birla in relation to a block allocated in 2005 to Hindalco. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

01 Sep 2014

MARKET EYE-Indian shares headed for correction, but outlook strong-BofA Merrill

* Indian shares could fall to correct about 5 percent over the next two months, Bank of America-Merrill Lynch says in a note. * BofA-Merrill says pace of reforms "slower" than expected. * But adds it still expects India's earnings to double over the next 4-5 years. * Says view supported by mean reversion of corporate profits to GDP among other indicators. * Adds auto, cement and energy sectors will drive earnings rebound * Top buys that fit its theme are: ICICI Bank, State Bank of India, Maruti

01 Sep 2014

MARKET EYE -India's IRB Infrastructure falls after Citi downgrade

* Shares of IRB Infrastructure Developers Ltd fall 2 percent. * Citigroup downgrades to "sell" from "buy" * Cites "expensive valuation, moderate return ratios and high leverage." * Says prefers Adani Port and Special Economic Zone Ltd and Gujarat Pipavav Port Ltd. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

01 Sep 2014

India's NSE index surges past 8,000 to mark record high

MUMBAI, Sept 1 - 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.

01 Sep 2014

MARKET EYE -Indian shares seen starting flat ahead of coal hearing

* NSE index futures on the Singapore Exchange down 0.03 percent. * Top court's hearing of coal allocation case, monthly auto sales, manufacturing PMI in focus. * Asian shares wobble in early trade, euro sinks. * The MSCI-Asia Pacific excluding Japan index is up 0.17 percent. * Overseas investors sold shares worth of 7.11 billion rupees ($117.7 million) on Thursday, provisional exchange data showed. * India's finance minister sees economic growth speeding up; more confident of achieving fiscal

01 Sep 2014

RPT-ADVISORY-Indian markets closed on Friday for local holiday

MUMBAI, Aug 29 - Indian stock, bond and currency markets will be closed on Friday for a local holiday. Trading will resume on Monday.

29 Aug 2014
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AVTC.BO 0.40 +2.56 52,767,774
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Data as of Tue Sep 2, 2014 7:05am IST.

Nifty Most Actives

Symb Last Chg % Volume
UNTE.NS 23.75 +9.45 75,761,771
JAIA.NS 48.15 +3.55 42,483,589
ASOK.NS 38.80 +6.45 20,441,620
JNSP.NS 248.00 +6.44 18,509,443
HDIL.NS 92.90 +2.77 15,867,140
Data as of Tue Sep 2, 2014 6:06am IST.

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VSKI.NS 3.00 to 1.00 Buy
JKPA.NS 3.50 to 2.00 Outperform
SHAS.NS 2.50 to 1.00 Buy

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JMCP.NS 2.00 to 4.00 Underperform
HUHT.NS 1.33 to 2.67 Hold
LKMC.NS 1.50 to 2.50 Outperform
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Japan and India vow to boost defence ties during summit

TOKYO - Japan and India agreed on Monday to strengthen defence ties as Asia's second and third biggest economies keep a wary eye on a rising China, with Prime Minister Narendra Modi lashing out at the "expansionism" of some nations.