The BSE Midcap and Smallcap indices gained 0.5 percent each. About two shares advanced for every share declining on the Bombay Stock Exchange.

Kalpataru Power Transmission (KPTL) bagged new orders worth about Rs 560 crore. It got contracts valued at nearly Rs 237 crore related to two transmission lines from Power Grid Corporation, according to a filing to the BSE.

Saurabh Mukherjea, Ambit Capital says neither GDP growth nor earnings growth has any meaningful relationship with the investment returns generated by the Sensex. “Instead, these investment returns seem to respond to three very different sets of dynamics like reversion to the mean, the political-economic cycle in India and the US monetary policy cycle,??? he adds. “Seen against these three set of ‘stories’, the Sensex looks relatively well placed as we enter 2015. We reiterate our FY16-end Sensex target of 36,000,??? says Mukherjea.

The sharemarket continued to trade lower on mild profit booking on the very first day of the year 2015. The Sensex fell 47.59 points to 27451.83 and the Nifty declined 14.60 points to 8268.10 while the broader markets outperformed frontline indices. The BSE Midcap and Smallcap indices gained 0.5 percent each. About two shares advanced for every share declining on the Bombay Stock Exchange.

Coustery :  http://www.moneycontrol.com/news/local-markets/nifty-holds-8250-amid-pressure-midcap-smallcap-outperform_1264981.html

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