EQUITY REPORT FOR 28 COTOBER

DAILY MARKET ANALYSIS

ECONOMY ANALYSIS

•  Indian markets get cold feet ahead of crucial 2-day FOMC meet
•  Sobha Q2 sales bookings drop 12% to Rs 559 cr
•  Kotak Mah Bank Q2 net profit up 26% at Rs 718 cr
•  Kansai Nerolac Paints Q2 net profit up by 40.62%
•  Unilever Q3 sales disappoint as EMs crimp growth
•  JSPL slips 8% as CBI investigates Vadra deal

MARKET ANALYSIS

• The S&P BSE Sensex ended its 5-day winning streak as traders booked profits after the benchmarks moved to higher end of trading range. Gains in capital goods, banks and power were offset by losses in oil & gas, auto and FMCG sectors.
•  The 30-share index ended at 26,752.90, down 98.15 points or 0.37 per cent. It touched a high of 26,994.96 and a low of 26,726.84 in trade today.
•  The S&P BSE Midcap Index fell 0.84 per cent and the S&P BSE Smallcap Index was 0.19 per cent higher.
•  Among the sectoral indices, the S&P BSE Capital goods Index was up 0.70 per cent, the S&P BSE Bankex was 0.48 per cent higher and the S&P BSE Power Index rose 0.47 per cent.
•  The S&P BSE Oil & gas Index was 1.45 per cent lower, the S&P BSE Auto Index slipped 0.79 per cent and the S&P BSE FMCG Index declined 1.06 per cent.
•  The market breadth was positive on the BSE with 769 gainers against 57 losers.