Monday 2 June 2014

CapitalVia: Monday morning update

The BSE Sensex jumped over 150 points on Monday, while the broader Nifty advanced around 50 points amid firm Asian trade. The rupee, however, slipped to 59.27 per dollar in early trade.

Hero MotoCorp today reported a 8 per cent increase in its total sales at 6,02,481 units in May 2014.

Infosys's stock price has dropped from the Rs 3,500 levels to Rs 2,900 in the past 4 months. The way the markets have been reacting to the Modi factor, one should have seen the Infosys stock price at the Rs 4,000 level

In spite of a drop in the share price on Friday, L&T’s stock has outperformed the benchmark Sensex. It has returned 44% since January as the shares rallied in spite of the infrastructure firm watering down 2013-14 order intake guidance by five percentage points in December.

Toyota Kirloskar Motor today reported a nearly 6 per cent increase in total sales at 13,230 units in May 2014.

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