Tuesday 30 September 2014

EQUITY REPORT ANALYSIS FOR 30 SEPTEMBER 2014

DAILY MARKET ANALYSIS

ECONOMY ANALYSIS 

  • Sensex, Nifty end down; Strides Arcolab up 6%, IT gains
  • MTNL up 5% on revival hopes; Prasad says 'no privatisation'
  • Anant Raj jumps 8.5%, sells subsidiary for Rs 304 cr
  • Patel Logistics up 20% on cargo alliance with Amazon
  • Top five blue-chip companies lose Rs 45,887.6 cr in market cap
  •  Alibaba to venture into banking space in China


MARKET ANALYSIS

  • The S&P BSE Sensex ended on a flat-to-negative note as bulls lacked charge after a sharp rise in previous session. 
  • The 30-share index ended at 26,616.36, down 9.96 points or 0.04 per cent. It touched a high of 26,715.77 and a low of 26,518.01 in trade today. 
  • The Nifty closed at 7,958.90, down 9.95 points or 0.12 per cent. It touched a high of 7,991.75 and a low of 7,934.70 in trade today. 
  • Buying action was seen in stocks from broader markets which were beaten down recently. The S&P BSE Midcap Index was up 1 per cent and the S&P  BSE Smallcap Index gained 1.49 per cent. 
  • The market breadth was positive on the NSE with 763 gainers against 344 losers. 
  •  The foreign institutional investors were net sellers worth Rs 1,133.64 crore and domestic institutional investors were net buyers worth Rs 1335.33 crore on Friday as per the provisional data from the National Stock Exchange.

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