* Technology shares gain; Infosys up 3.5 pct (Adds details, updates closing prices)
MUMBAI, July 23 - India's NSE index marked its record closing high on Wednesday, led by gains in technology stocks on continued foreign-investor buying, while firm cues from Asian markets also aided sentiment.
* NSE equity futures trading at discounts to cash market worry traders that the broader index may see a decline in the near term. * The NSE index rose to its all-time high on Wednesday. * But NSE July futures contract failed to breach its all-time high of 7,817.85 hit on July 8. * Even SGX Nifty futures, which usually trade at a premium to the NSE index, are trading at discounts. * Also, the BSE Index failed to breach its all-time high hit on July 8. (email@example.com / ab
* Shares in India's KPIT Technologies Ltd fell as much as 8 percent, heading towards their biggest single day drop since January 2014. * KPIT Technologies on Tuesday reported April-June net profit fell 17 percent. * Analysts attributed the fall in profit to weak revenue growth, fall in margins due to wage hike, acquisition impact, visa costs and currency appreciation. * "The management was confident of strong improvement in revenue momentum from September ending quarter," Prabhudas Lilladher sa
(Corrects Reuters Instrument Code in first line) * India's ING Vysya Bank falls as much as 6.7 percent after April-June net profit declines 18 percent from year earlier. * Credit Suisse downgrades the stock to "neutral" from "outperform" and cuts price target to 573 rupees from 710 rupees. * "We expect NIMs (net interest margins) may come under further pressure as the bank is raising share of large corporates in the loan book," Credit Suisse said. * Shares in the company were down 3.5 percent t
* Shares of Indian carrier Jet Airways rise 4.5 percent ahead of a press event by Chairman Naresh Goyal and the chief executive officer of Etihad, which owns a stake in India's No. 2 airline, later in the day. * Jet rarely speaks to the media outside of the reporting season. * Traders expect a positive corporate announcement at the press event. (firstname.lastname@example.org / email@example.com)
* Shares in India's Bank of Baroda gain 3 percent * RBI removes Bank of Bardoa from caution list * Removal makes it eligible to be bought by foreign investors in primary and secondary markets (firstname.lastname@example.org / email@example.com)
* Goldman Sachs is "strategically bullish" on Indian equities, with a 12-month NSE index target of 8,600 points. * Goldman, however, adds further gains will be "less sharp, more earnings driven and contingent upon reform execution." * Adds demand/supply balance may turn less favourable given government's divestment targets and upcoming equity raisings. * Worries average stock valuations are highest across Asia, suggesting limited room for further expansion. * Remains overweight on banks, indust
MUMBAI, July 23 - India's NSE index rose to a record high on Wednesday, led by gains in blue-chips such as ICICI Bank on continued foreign-investor buying, while higher Asian shares also helped sentiment.
* India's NSE index may hit a record high as NSE index futures traded on the Singapore Exchange rise 0.5 percent, while the MSCI-Asia Pacific index excluding Japan gains 0.66 percent. * Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the euro languished near eight-month lows. * Overseas investors bought Indian shares worth 4.12 billion rupees ($68.6 million) on Tuesday, provisional exchange data shows. * Indian generics dr
Nifty Most Actives
MUMBAI - The Nifty rose to a record high on Wednesday, gaining for a seventh straight session, led by technology stocks on continued buying by foreign-investors on a positive earnings outlook, while firm Asian markets also helped sentiment.