Equity updates for 25 september 2014

MARKET ANALYSIS

ECONOMY ANALYSIS

• Nifty ends flat, F&O expiry eyed; JSPL dives 10%, Coal India up 5%

• Coal scam: JSPL dives 14%, Coal India & Rel Power up 4-6%

• Sasken Communication skids 20% post CEO Anjan Lahiri exit

• SC quashes 214 coal blocks allocation; fines cos Rs 295/tn 

• HCL Tech appoints Preschern as Chief Marketing Officer

MARKET ANALYSIS

• The S&P BSE Sensex ended in the negative terrain for second straight session in the absence of supportive cues from European peers. Shares of metal companies came under selling pressure after the Supreme Court cancelled 214 coal blocks allocated to companies since 1993. 

• The 30-share ended at 26,744.69, down 31 points or 0.12 per cent. It touched a high of 26,844.70 and a low of 26,560 in trade today. 

• The 30-share ended at 26,744.69, down 31 points or 0.12 per cent. It touched a high of 26,844.70 and a low of 26,560 in trade today. 

• The Nifty closed at 8,002.15, down 15.40 points or 0.19 per cent. It touched a high of 8,042.05 and a low of 7,950.05 in trade today. 

• The S&P BSE Midcap Index fell 1.19 per cent and the S&P BSE Smallcap Index was down 1.62 per cent. 

• Among the sectoral indices, The S&P BSE Capital goods Index fell 1.69 percent, the S&P BSE Bankex was down 1.08 per cent and the S&P BSE Auto Index was 0.51 per cent lower.