EQUITY REPORT FOR 14 OCTOBER

ECONOMY ANALYSIS

• Nifty ends above 7850; Tata Steel, Tata Power lead gainers

•  IndusInd Bank Q2 profit up 30% to Rs 430 cr on other income

•  Sintex Q2 beats estimates, profit up 47% to Rs 107 cr

•  BSE to remain shut on Oct 15 due to Maharashtra elections

•  AMFI mulls proposal to scrap upfront MF commissions

•  Infosys hits record high; brokerages up target post Q2 nos

 

 

MARKET ANALYSIS

• The S&P BSE Sensex pulled back over 350 points from intraday low to finally settle 78 points higher as sentiment improved in global markets.

•  The 30-share index ended at 26,384.07, up 86.69 points or 0.33 per cent. It touched a high of 26,443.16 and a low of 26,092.69 in trade today.

•  The Nifty closed at 7,884.25, up 24.30 points or 0.31 per cent. It touched a high of 7,901.15 and a low of 7,796 in trade today.

•  The S&P BSE Midcap Index was 0.46 per cent higher and the S&P BSE Smallcap Index gained 0.35 per cent.

•  Tata Power (up 2.90 per cent), Tata Steel (up 2.14 per cent), Coal India (up 1.91 per cent), Axis Bank (up 1.90 per cent) and TCS (up 1.54 per cent) were among the Sensex gainers.

•  M&M (3.66 per cent), Cipla (2.68 per cent), Sun PharmaBSE -1.86 % (1.86 per cent), Dr Reddy's Laboratories (1.76 per cent) and BHEL (1.29 per cent) were among the top losers.