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Monday, July 28, 2014

INDIAN EQUITY MARKET OUTLOOK-29 JULY 2014

























Markets closed on account of Id-Ul-Fitr
Yesterday, the Nifty slipped and closed at its lowest level since July 21 at 7,749. The Sensex was off 0.5% to close at 25,991. On Wednesday, Bank of India, Bharat Forge, Dr Reddy’s Lab, IRB Infra,  Lupin are likely to announce their earnings.

Markets fall to 1-week closing low
The BSE Sensex and Nifty fell on Monday to their lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank for a consecutive session after the record highs of last week.

Moody's to upgrade ratings of Tata Steel, British arm
Moody's Investors Service today said it has put Tata Steel's corporate family rating of Ba3 and British arm's corporate family rating of B3 on review for upgrade, following the successful sale of unrated debt worth $1.5 billion last week.

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