EQUITY REPORT FOR 29 September 2014

ECONOMY ANALYSIS

• S&P upgrades India's outlook to 'stable' Sensex gets S&P booster; metals, banks, capital goods lead 

• Sun shares up amid news FDA Halol audit findings not severe

• JP Power rises 13%, sells 3 plants to JSW Energy

• Hindalco up 5%, sees no major SC verdict impact on earnin

•  MCX board approves new pact with FTIL for tech support

MARKET ANALYSIS

• The S&P BSE Sensex staged a strong pull-back in the last hour of trade and closed nearly 150 points up after ratings agency S&P revised its outlook on  India to stable from negative. 

• The 30-share index ended at 26,616.93, up 157.96 points or 0.60 per cent. It touched a high of 26,721.03 and a low of 26,220.49 in trade today. 

•  The Nifty closed at 7,968.85, up 57 points or 0.72 per cent. It touched a high of 7,993.30 and a low of 7,841.80 in trade today. 

• The S&P BSE Midcap Index was up 0.85 per cent and the S&P BSE Smallcap Index gained 0.68 per cent. 

• Hindalco (up 5.25 per cent), Sun Pharma (up 4.30 per cent), M&M (up 3.16 per cent), ONGC (up 3.14 per cent) and Tata Steel (up 3.10 per cent) were among the Sensex gainers. 

• Dr Reddy's Laboratories (2.69 per cent), HDFC (1.90 per cent), Hero MotoCorp (1.30 per cent), GAIL (1.28 per cent) and ITC (1.22 per cent) were among the top losers.