Nirmal Bang Securities Pvt. Ltd. - Daily Report 121109

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Equity Research
U.S. stocks extended a global advance, sending the Standard & Poor’s 500 Index to a 13-month high, as China’s industrial production surged and Federal Reserve policy makers signaled interest rates will remain at a record low. Eighty percent of S&P 500 companies that released results have exceeded the average analyst estimate for third quarter earnings, a record in Bloomberg data going back to 1993, even as profits slumped for a record ninth straight quarter.

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