7 OCTOBER EQUITY REPORT

ECONOMY ANALYSIS

• Choppy Sensex closes lower; heavyweights drag, IT shines

•  HOV Services spikes 20%, co to sell stake in SourceHOV

•  Jet Airways, SpiceJet soar 5-6% on fuel price cut

•  Videocon D2H files for IPO to raise up to Rs 700 cr

•  Hero Moto up 3%, co logs bumper Sep sales on festive spark

•  Infosys, TCS up on dollar gains & strong Q2 earnings hope 

MARKET ANALYSIS

• The S&P BSE Sensex ended in the negative territory as investors chose to stay light ahead of the long week-end. All the sectoral indices, barring the IT space, closed in the red with oil & gas, capital goods and power leading the decline. 

•  The 30-share index closed at 26,549.74, down 80.77 points or 0.30 per cent. It touched a high of 26,683.70 and a low of 26,548.22 in trade today. 

•  The Nifty ended at 7,945.55, down 19.25 points or 0.24 per cent. It touched a high of 7,977.50 and a low of 7,936.70 in trade today. 

•  Power (2.29 per cent), GAIL (2.26 per cent) and Reliance Industries (2.05 percent) were among the top losers. 

•  Wipro (up 3.13 per cent), Infosys (up 2.62 per cent), M&M (up 2.25 per cent), TCS (up 1.34 per cent) and Hero MotoCorp (up 1.15 per cent) were among the Sensex gainers. 

•  The market breadth was positive on the BSE with 1282 gainers against 1635 losers.