EQUITY REPORT FOR 30 OCTOBER

MARKET ANALYSIS

• The S&P BSE Sensex, after being rangebound for most part of the session, gained momentum in the last one hour of trade to finish near day's high.
• According to analysts, sentiment on global markets turned bullish on hopes that the US Federal Reserve may not signal earlier-than-expected rate hike at the FOMC meeting.
• The Sensex is only 257 points away from its all-time high of 27,354.99 and 222 from all time closing high of 27,319, recorded on September 8.
• If the global markets remain supportive and the rally continues, the benchmarks may hit fresh highs in next couple of sessions.
• The 30-share index ended at 27,098.17, up 217.35 points or 0.81 per cent. It touched a high of 27,126.30 and a low of 26,971.16 in trade today.
•  The Nifty closed at 8,090.45, up 62.85 points or 0.78 per cent. It touched a high of 8,097.95 and a low of 8,052.25 in trade today.
•  The market breadth was positive on the BSE with 1,604 gainers against 1,362 losers.

ECONOMY ANALYSIS

• Sensex surges 217 pts, Nifty ends at 8090 ahead of expiry; SBI weak
• Tech Mahindra Q2 profit jumps 14%, $ revenue rises 5.2%
• Sesa Sterlite Q2 profit slips 32% to Rs 1,658 cr
• OBC Q2 profit rises 16% to Rs 291 cr, asset quality weakens
• Govt submits list of 627 black money a/c holders to SC