Equity reports for 1 December 2014

ECONOMY ANALYSIS

• Sensex in unchartered territory, Nifty hits 8600
• 10x in 11 years: Indian stocks' mcap crosses Rs 100 lakh cr
• Trai recommends over 15 pc rise in CDMA spectrum reserve price
• India may extend tax breaks for auto firms beyond Dec 31
• Just Dial shares up nearly 4% on RBI move
• Gold extends losses to third day as oil slumps

MARKET ANALYSIS

• Equity benchmarks ended at new record closing high on Friday, the first day of December series, following further fall in crude oil prices after the OPEC decided not to cut output. Hopes of rate cut or indication of rate cut by RBI in monetary policy held on December 2 also pushed market higher in trade today.
• The 30-share BSE Sensex rallied as much as 383.5 points intraday to hit a life high of 28822.37, before closing at 28693.99, up 255.08 points or 0.90 percent compared to previous close.
• The 50-share NSE Nifty crossed another milestone 8600-mark, hitting an all-time high of 8617 but some profit booking in late trade dragged the benchmark index from the day’s highest point. The index closed at 8588.25, up 94.05 points or 1.11 percent.
• For the week, the Sensex and Nifty gained 1.3 percent each. CNX Midcap index rose 1.1 percent while BSE Small Cap index fell 0.5 percent.

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EQUITY REPORT FOR 28 NOVEMBER

ECONOMY ANALYSIS

• Nifty ends flat on F&O expiry day, gains 4% in Nov series
• JP Assoc falls 2.5%: ED reportedly probes money-laundering
• 8K Miles Software surges 10%, co acquires SERJ Solutions
• Monsanto up 2.7% after govt says no ban on GM field trials
• Cos garner Rs 7000 cr via NCDs in first 8 months of FY15
• Block deal: Crompton promoter sells 8.5% stake: stk down 5%

MARKET ANALYSIS

• Equity benchmarks gained marginal strength in late trade with the Nifty closing tad below the 8500-mark on Thursday, the expiry day for November series derivative contracts. Overall the market remained quiet for the second consecutive session today. The 50-share NSE Nifty climbed 18.45 points to 8494.20 and the 30-share BSE Sensex rose 52.72 points to close at 28438.91.T
• The broader markets outperformed benchmarks throughout the session. The BSE Midcap and Smallcap indices gained 0.5 percent each. For the November series, the Sensex and the Nifty rallied 4 percent each while the CNX Midcap Index was up 5 percent and BSE Small Cap Index climbed 4 percent. Bank Nifty surged 7.5 percent while BSE Auto, Capital Goods, FMCG, Pharma, IT and Realty were up 3-8.5 percent while Metals fell 2.8 percent.
• The market clocked the second highest ever (total) turnover of Rs 10.1 lakh crore on expiry day.

The S&P BSE Sensex pulled back in the afternoon

MARKET ANALYSIS

• The S&P BSE Sensex pulled back in the afternoon and closed nearly 50 points up led by gains in metals, FMCG and realty sectors.
• The 30-share index ended at 28,386.19, up 48.14 points or 0.17 per cent. It touched a high of 28,470.15 and a low of 28,261.31 in trade today.
• The Nifty closed at 8,475.75, up 12.65 points or 0.15 per cent. It hit a high of 8,500.0 and a low of 8,438.65 in trade today.
• The S&P BSE Midcap Index was up 0.62 per cent and the S&P BSE Smallcap Index gained 1.12 per cent.
• GAIL (up 2.75 per cent), Sesa Sterlite (up 2.34 per cent), ITC (up 2.33 per cent), BHELBSE 2.26 % (up 2.26 per cent) and Hindalco (up 2.21 per cent) were among the major Sensex gainers.
• Bharti Airtel (2.43 per cent), ICICI Bank (1.45 per cent), Bajaj Auto (0.90 per cent), Reliance (0.50 per cent) and L&T (0.46 per cent) were among the major Sensex losers.
• The market breadth was positive on the BSE with 703 gainers against 700 losers.

ECONOMY ANALYSIS

• Sensex ends in green; metals, FMCG, realty gain
• Market closes marginally up; DLF gains 7%, Zee Ent off 4.1%
• MRF rallies over 4.5% on strong Q4 results
• US court refuses Ranbaxy appeal to block ANDA nod for 2 drugs
• Nippon Life to increase stake in Reliance Capital to 49%
• July-September GDP likely slowed to 5.1% Y-o-Y

Sensex Ends 160 Points Lower amid Volatile Trade

ECONOMY ANALYSIS

• Sensex ends 160 points lower amid volatile trade; realty, utilities drag
• Health Min accepts panel's recos to ban loose cigarettes
• Bharti up 2% as it sells 4800 towers in Nigeria to cut debt
• Ricoh India up 11% on bagging big order from government
• Mara Raja jumps 6%; BoAML upgrades it, sees 75% upside

MARKET ANALYSIS

• The S&P BSE Sensex snapped three-day winning streak and slipped as much as 282 points in trade on Tuesday, led by losses in Tata SteelBSE - 2.56 %, JSW SteelBSE -2.63 %, NMDC and Sesa Sterlite. The 30-share index witnessed the biggest single-day drop in nearly 6 weeks.
• Tracking the momentum, the 50-share Nifty index also came under bit of pressure and closed the day below its crucial psychological level of 8500. The index hit a record high of 8535.35 earlier in trade today.
• The S&P BSE Sensex has rallied over 33 per cent so far in the year 2014 and some sort of profit booking cannot be ruled out after three straight days of gains, say analysts but the broader trend remains on the upside.
• The S&P BSE Sensex finally closed at 28,338.05, down 161.49 points or 0.57 per cent. It touched a high of 28,541.22 and a low of 28,217.50 in trade today.
• The 50-share index ended at 8,463.10, down 67.05 points or 0.79 per cent. It hit a record high of 8,535.35 and a low of 8,429.45 in trade today.

RESEARCH VIA EQUITY REPORT FOR 25 NOVEMBER

ECONOMY ANALYSIS

• Sensex, Nifty at record closing highs; Infosys hits new high
• Winter session begins today; eyes on Insurance Bill, GST
• FD scam: ED books PSU bank officials under PMLA
• Metal stocks rally post China's surprise rate cut
• Transgene GDR case: Sebi must call taxmen for deeper probe
• India attracting more than 50% of total EM flows: Quant Cap

MARKET ANALYSIS

• The Nifty extended its winning streak for third consecutive session and closed above 8,500 for the first time ever. Technology, metals and banks were the top sectoral gainers while oil & gas, pharmaceuticals and FMCG led the losers pack.
• The 50-share index ended at all-time closing high of 8,530.15, up 52.80 points or 0.62 per cent. It hit all-time high of 8,534.65 and intraday of 8,490.95 in trade today.
• The S&P BSE Sensex ended at 28,482.49, up 147.86 points or 0.52 per cent. It touched an all-time high of 28,541.96 and intraday low of 28,394.48 in trade today.
• DLF (up 5.59 per cent), Jindal Steel (up 4.44 per cent), Tata PowerBSE 4.14 % (up 4.31 per cent), InfosysBSE 3.08 % (up 3.13 per cent) and Tata SteelBSE 3.00 % (up 3.02 per cent) were among the major Nifty gainers.
• Power Grid CorporationBSE -2.90 % (2.46 per cent), CiplaBSE -1.46 % (1.59 per cent), Reliance (1.39 per cent), ACC (0.92 per cent) and Sun PharmaBSE -0.64 % (0.83 per cent) were among the major losers.
• The market breadth was positive on the NSE with 464 gainers against 595 losers.

WEEKLY MARKET ANALYSIS FOR EQUITY

NEWS INSIGHT

• Weekly Wrap: M&A nudge, global cues boost Sensex 1%; PSBs zoom
• Winter Session: Modi picks up economic reform pace, opposition remains
• Draghi throws door to QE wide open as recovery wanes
• China surprises with interest rate cut to spur growth
• FII limit in Power Grid hits trigger
• Forex reserves up by $ 419.4 million to $ 315.55 billion
• Astral Poly Tech acquires 76% in Resinova for Rs 213cr

NIFTY ANALYSIS

• Positional Support for NIFTY 8320
• Positional Resistance of NIFTY is 8493
• Immediate resistance for NIFTY is 8423
• Intraday Support of NIFTY is 8365
• Oscillator Analysis The oscillator is showing BUY signal
• Short Term Oscillator Analysis- The signal is BUY
• Trade above 8420 will result in formation of new support at 8410 and new high can be seen in Index.

ECONOMY ANALYSIS FOR MONDAY

• Nifty, Sensex end at record closing highs; banks sizzle
• Cipla soars 4%; BoAML ups target as PAT to jump five-fold
• YES Bank climbs 4%, RBI allows FIIs to buy shares
• Cipla ties up with Serum Inst to market vaccines in Europe
• Gammon India rises 4.4%, may sell subsidiary
• Dow, S&P 500 end at records after US data, Intel outlook

EQUITY REPORT FOR 21 NOVEMBER

ECONOMY ANALYSIS

• Nifty closes above 8400 amid M&A buzz
• Kotak Mahindra, ING Vysya rally 7% on acquisition buzz
• Bosch, Strides Arcolab, Amtek Auto up on NSE F&O inclusion
• CBI to probe RBI's role in Bank of Rajasthan merger case
• China Nov flash HSBC PMI falls to 50, output shrinks for first time in 6 months

MARKET ANALYSIS

• Equities held on to their late gains, with both the Sensex and Nifty closing above key 28,000 and 8,400 marks. At close, the Nifty rose 0.22 percent, or 19 points, to 8,401 while the Sensex gained 0.12 percent, or 34 points, to 28,067.
• Early in the day, high beta shares edged lower, but several sectors such as banks and oil & gas staged a smart recovery to close in the green. Metals and capital goods, though, closed 0.8 percent lower. But the best performers of the day were IT and pharma, both helped by a depreciation in the rupee. Cipla jumped 3.2 percent after announcing it had tied up with Serum Institute of India to launch vaccines in Europe.
• The IT pack got a further boost with Tech Mahindra rallying about 3 percent, amid speculation it would announce an acquisition at a press conference it has scheduled at 4 pm today.

Markets Sold off in Late Trade, with the Nifty Falling below 8,400

MARKET ANALYSIS

• Markets sold off in late trade, with the Nifty falling below 8,400 while the Sensex tested the 28,000 mark, before closing above it. At close, the Sensex was down 0.46 percent, or 130 points, to 28,032 while the Nifty was off 0.52 percent, or 44 points, to 8,382.
• The sell-off was largely broad-based but stocks that had run-up the most recently fell the most.
• High-beta shares such as metals and oil & gas witnessed 1 percent plus down move. Mid and small cap stocks have 0.6 percent. Logistics shares, which have risen manifold over the past one year saw ferocious selling, with stocks losing 6 to 10 percent. FMCG and IT were the only pockets that stood up in the decline.
• FMCG and IT were the only pockets that stood up in the decline.

ECONOMY ANALYSIS

• High-beta trade unwinds as Nifty ends below 8400
• Telcos in focus; DoT to split 2G, 3G, 4G spectrum auctions
• Franklin Templeton buys 3.34 lakh shares of Shakti Pumps
• Govt seeks suggestion on draft Mines & Mineral Bill
• Draft rules for coal block e-auctions likely today
• Hindalco up 3%; Goldman Sachs bullish on its Novelis biz

Sugar Stocks Rally On Exports Subsidy Hopes

ECONOMY ANALYSIS

• Nifty, Sensex end flat while broader mkt gains; sugar, logistics sizzle
• FTIL rises 7% as it decides to sell Mauritius-based bourse
• Sugar stocks rally on exports subsidy hopes
• Govt seeks suggestion on draft Mines & Mineral Bill
• Commodity slump threatens return to junk for top EM nations

MARKET ANALYSIS

• Blue-chips stocks drifted sideways Tuesday but most midcap and small caps continued their winning streaked and outperformed their large cap counterparts by a wide margin
• It was a choppy session that saw both Sensex and Nifty close flat with a negative bias after hitting fresh intra-day record levels in early trades. While banking and engineering stocks such as HDFC Bank, Larsen & Toubro cushioned the Nifty, defensive tech and pharma stocks such as TCS, Infosys and Sun Pharma dragged the benchmark back to where it closed yesterday.
• The BSE Sensex closed at 28,163 down 0.05 percent and the Nifty closed 0.06 percent lower at 8,426 levels.
• Foreign portfolio investors (FPIs) bought local shares worth Rs 656.37 crore yesterday, 17 November 2014, as per provisional data.

BSE Sensex Recoup Losses

MARKET ANALYSIS

• After falling over 100 points in trade on Monday tracking weak global cues, the S&P BSE Sensex managed to recoup losses and surged as much as 159 points in trade to hit its fresh record high of 28205.71.
• Trade deficit for October declined to $13.35 billion vs $14.3 billion, month-on-month MoM. India's exports in October slipped to $26.09 billion vs $28.9 billion, MoM while imports declined to $39.4 billion vs $43.2 billion, MoM.
• The S&P BSE Sensex which saw strong buying in the last one hour of trade pushed as much as 282 stocks to fresh 52-week highs on the BSE which include names like State Bank of India, HDFC Bank, Infosys, Tata MotorsBSE 4.07 %, Bajaj Auto, Asian Paints etc.
• The 30-share index finally closed at 28177.88, up 131.22 points or 0.47 per cent. It touched a record high of 28205.71 and a low of 27921.34 in trade today.

Record Close for Nifty

ECONOMY ANALYSIS

• Record close for Nifty; realty, metals jump, pharma drags
• October WPI hits multi-year low of 1.77%
• SBI Q2 net up at Rs 3100 cr, asset quality stable
• Brent edges above $78, near 4-yr low on glut, OPEC worries
• BHEL Q2 net slips 72% at Rs 125 cr; margins disappoint
• Fed on course for mid-2015 rate rise, job market to improve: Poll

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Tata Motors: Profit falls after domestic sales drop

NEWS PERCEPTION

• Sensex at fresh closing high, ends above 28K
• Tata Motors Q2 net falls 7% YoY to Rs 3291 cr
• India's GDP to grow at 6.3% in 2015: Morgan Stanley
• IEA sees new era, no quick rebound in oil prices
• DLF debt up 4% at Rs 19,944cr; to raise Rs 3,600cr
• Tata Motors says profit falls after domestic sales drop
• Tata Tele, NDMC to launch Wi-Fi service in CP
• DRDO to set up fund to support defence start-ups
• IAF hopes for early signing of MMRCA deal

NIFTY INCEPTIONS

• Positional Support for NIFTY 8290
• Positional Resistance of NIFTY is 8423
• Immediate resistance for NIFTY is 8400
• Intraday Support of NIFTY is 8320
• Oscillator Analysis The oscillator is showing BUY signal
• Short Term Oscillator Analysis- The signal is BUY
• Trade above 8420 will result in formation of new support at 8410 and new high can be seen in Index.

Whirlpool at Record High, Up 20%

ECONOMY ANALYSIS

• Sensex, Nifty falls; HPCL, BPCL slip 4-5% on excise hike
• Hindalco Q2 PAT slips 78% to Rs 78.7 cr on exceptional loss
• Whirlpool at record high, up 20% on ambitious growth plans
• Govt hikes excise on petrol, diesel by Rs 1.50 per litre
• Brent falls to around $80; OPEC expects lower demand in 2015
• MF invest Rs 32k cr in debt in Oct, total crosses Rs 5-tn mark

MARKET ANALYSIS

• Dalal Street ended the day flat with a negative bias. The market opened in the green but profit-booking crept in as the day wore on. The Sensex ended below 28000, down 68.26 points at 27940.64.
• The Nifty lost about 25 points after hitting the 8,400 mark for the second day in a row. The 50-share index closed at 8357.85. Banking, oil & gas and real estate stocks lost the most. Technology and pharma stocks were major gainers. Midcaps fared worse than the bluechips with the index losing nearly 80 points.
• Infosys, Dr Reddy's Labs, Bharti Airtel, Wipro and Bajaj Auto were top gainers while Tata Power, Sesa Sterlite, ONGC, GAIL and Hero MotoCorp were among the losers in the Sensex.
• Oil marketing stocks tumbled after the government hiked excise duty on petrol and diesel. According to CNBC-TV18, the govt may gain Rs 6,000 crore from the excise hike in rest of this fiscal.

Sensex Ends Above 28000

ECONOMY ANALYSIS

• Record high again: Sensex ends above 28000, Nifty at 8383
• October CPI seen at 5.63%, Sept IIP at 2%
• Oil India Q2 profit falls 33% to Rs 608 cr on lower revenue
• Tata Motors, M&M shares gain post price hike
• Tata Steel Q2 net seen down 35%, EBITDA may rise 10%

MARKET ANALYSIS

• After rallying over 200 points in intraday trade, the Sensex lost momentum in late trade, but enthused investors as it closed above the crucial 28,000-mark. 
• The Sensex closed the day at 28,008.9, up 98.84 points. The Nifty ended the day at 8,383.30, up 20.6 points.
• Benchmark indices, namely the Sensex & the Nifty, have rallied over 32 per cent so far in the year 2014, but a similar performance next year might be a little difficult as a lot of positives are already being factored in the price, say analysts.
• Most analysts expect the market to rally probably by 10 per cent to 15 per cent, while some even expect a negative or flat return for the year 2015.
• On Tuesday, global investment bank UBS recommended a target of 9,600 on the Nifty by end-2015, which presents an upside of nearly 15 per cent from current levels. That is half of what the markets delivered in the year 2014.
• They remain bullish on Indian equities for the year 2015 considering the fact that the economic growth recovery is underway, which will sustain current valuations.

Nifty Ends at New Closing High

ECONOMY ANALYSIS

• Nifty ends at new closing high; ITC falls 2%, M&M gains 3%
• HCC's Lavasa project gets Sebi nod for IPO, stock zooms
• Amara Raja Q2 profit up 6% to Rs 100 cr, revenue jumps 32%
• HPCL to take 8% stake in Petronet's Gangaravam LNG terminal
• Panel to meet today to mull coal auction price

MARKET ANALYSIS

• The S&P BSE Sensex to a fresh closing high in a volatile trade on Tuesday, led by gains in HDFC, ICICI BankBSE 1.02 %, RIL, Axis BankBSE 1.42 % and M&M.
• Tracking the momentum, the 50-share Nifty index also managed to recoup intraday losses and closed above its crucial psychological level of 8350 to a fresh closing high, supported by gains in banks, autos, realty and capital goods stocks.
• The 50-share index finally closed at 8,362.65, up 18.40 points or 0.22 per cent. It touched a high of 8,378.70 and a low of 8,321.85 in trade today.
• The S&P BSE Sensex closed at 27,910.06, up 35.33 points or 0.13 per cent. It touched a high of 27,996.92 and a low of 27,790.40 in trade today.
• M&M (up 2.3 per cent), Tata SteelBSE 1.84 % (up 1.8 per cent), GAIL (up 1.6 per cent), Axis Bank (up 1.4 per cent) and HDFC (up 1.09 per cent) were among the major Sensex gainers.
• BHELBSE -2.41 % (down 2.4 per cent), ITC (down 1.9 per cent), Bharti AirtelBSE -1.43 % (down 1.4 per cent), InfosysBSE -1.09 % (down 1.09 per cent) and Coal India (down 1.03 per cent) were the major index losers.

EQUITY REPORT FOR 11 NOVEMBER

ECONOMY ANALYSIS

• Nifty ends below 8350; ITC surges 4%, ONGC drags 3%
• Taro Q2 results boost Sun Pharma, stock hits record high
• China's key inflation gauge remains at 5-year low
• Bharat Forge Q2 profit up 81% on robust export growth
• Rail stocks up; Suresh Prabhu takes charges to head ministry

MARKET ANALYSIS

• The Nifty ended at all-time closing high even as it gave away most of the intraday gains in a rangebound session.
• The 50-share index closed at all-time closing high of 8,344.25, up 7.25 points or 0.09 per cent. It hit a record high of 8,383.05 and an intraday low of 8,304.45 in trade today.
• The S&P BSE Sensex ended at 27,855.69, down 12.94 points or 0.05 per cent. It hit a record high of 28,027.96 and an intraday low of 27,764.75 in trade today.
• ITC (up 4.08 per cent), Power Grid Corporation (up 2.76 per cent), Bank of BarodaBSE 2.32 % (up 2.36 per cent), Sun Pharma (up 2.23 per cent) and Tata PowerBSE 2.03 % (up 2.03 per cent) were among the Nifty gainers. 
• Jindal SteelBSE -3.56 % (3.93 per cent), ONGC (3.73 per cent), Hindalco (2.47 per cent), L&T (2.10 per cent) and Axis BankBSE -1.83 % (1.91 per cent) were among the major losers.
• The market breadth was positive on the NSE with 547 gainers against 600 losers.

ECONOMY AND MARKET ANALYSIS FOR MONDAY MARKET

ECONOMY ANALYSIS

• Sensex, Nifty end flat; HDFC Bank, Hero major laggards
• Dr Reddy's, Endo get FDA approval to launch generic Valcyte
• Bank of Baroda Q2 profit falls 5.5%, NII jumps 17.5%
• Seeing positive trends in car & 2-wheeler biz: Gulf Oil
• L&T Q2 profit seen up 12%, revenue may jump 11%: Poll

MARKET ANALYSIS

• The Nifty has turned weak in trade today as the bulls took a breather after an upward journey for six consecutive sessions.
• The S&P BSE Sensex closed at 27868.63, down 47.25 points or 0.17 per cent, while The 50-share Nifty index ended at 8,337.00, down 1.30 points or 0.02 per cent.
• Aggressive long positions by the foreign institutional investors in Indian equities reflect their bullishness on hopes of a recovery in economy in coming years.
• According to analysts, the Indian markets are in for a big bull run and there is huge potential for markets to move higher from current levels.
• Following are the five factors that are likely to keep foreign investors
• 'Overweight' on India.
• High on growth:
• Oil continues to fall:
• Expectations of rate cut by RBI:
• Dovish US Federal Reserve:
• Easy monetary inflows to continue:

EQUITY WEEKLY MARKET ANALYSIS

NEWS INSIGHT

• Choppy Sensex, Nifty end lower; auto, cap goods, auto drag
• Godrej Properties sees robust portfolio launches in H2FY15
• See H2 EBITDA margin at 13-14%; 20% FY15 profit growth: Jyothy Laboratories
• Financial Technologies gains 3% post IEX exit
• Jet Air surges 3%; Etihad not jittery on investment
• DLF surges 6%; SAT allows it to redeem MFs
• HeroMoto falls over 2% as Bain Cap sells shares
• Ranbaxy cracks 5%; FDA pulls nod on 2 drugs

NIFTY ANALYSIS

•  Positional Support for NIFTY 8198
•  Immediate resistance for NIFTY is 8365
•  Intraday Resistance of NIFTY is 8358
•  Intraday Support of NIFTY is 8290
•  Oscillator Analysis The oscillator is showing BUY signal
•  Short Term Oscillator Analysis- The signal is BUY

EQUITY REPORT FOR 7 NOVEMBER

ECONOMY ANALYSIS

•  Sensex up 55 pts, Nifty ends below 8350; Bharti falls 2%
•  Bharti Airtel calls off Rs 700 cr deal to buy Loop Mobile
•  Hero to enter Europe by end 2015 with hybrid scooter Leap
•  US factory activity back at 3-1/2-year high, auto sales rise
•  StanC boardstick: DRL, Infosys best, ITC weak, BPCL weakest

MARKET ANALYSIS

• The Nifty extended its winning streak for sixth consecutive session and closed at an all-time high as inflows continued on hopes of pick-up in economic growth in coming quarters.
• The 50-share index ended at an all-time closing high of 8,338.30, up 14.15 or 0.17 per cent. It touched an all-time high of 8,365.55 and an intraday low of 8,323.50.
• The S&P BSE Sensex ended at all-time closing high of 27,889.41, up 29.03 points or 0.10 per cent. It touched an all-time high of 28,006.60 and an intraday low of 27,886.50.
• Axis BankBSE 2.93 % (up 3.44 per cent), HCL Tech (up 2.42 per cent), Dr Reddy's Laboratories (up 2.41 per cent), BPCL (up 2.35 per cent) and SBI (up 2.08 per cent) were among the Nifty gainers.
• Jindal SteelBSE -4.55 % (5.17 per cent), Cairn India (4.85 per cent), Hindalco (4.49 per cent), Sesa Sterlite (4 per cent) and NMDC (3.83 per cent) were among the major losers.
• The market breadth was positive on the NSE with 636 gainers against 543 losers.

EQUITY UPDATES FOR 5 NOVEMBER

ECONOMY ANALYSIS

• Sensex, Nifty end flat; small & midcaps rally, autos drag
• Fiscal deficit target of 4.1% challenging but achievable: Citi
• SpiceJet, Jet Airways fly 6-7% high on fuel price cut
• Karnataka Bank up 7.5% on 3-fold jump in profit, stable NPA
• Apollo Hospital Q2 profit may rise 7% to Rs 92.87 cr: Poll
• Bank of India Q2 profit jumps 26.4%, asset quality worsens

MARKET ANALYSIS

• It was a lacklustre session for the market on Monday as equity benchmarks saw consolidation after hitting record highs in early trade but the Nifty held its 8300-mark. The index rose 1.95 points to end at record closing high of 8324.15 while the Sensex fell 5.45 points to 27860.38 on profit booking. Meanwhile, the BSE Midcap and Smallcap indices outperformed equity benchmarks, rising 1 percent each.
• Though it was a consolidation day due to lack of triggers, the market will remain in a positive trajectory, say experts, adding the Sensex may see 28000 level soon.
• The market will remain shut on Tuesday for Muharram. Meanwhile, Indian factory activity reported a moderate growth in October with the HSBC Manufacturing Purchasing Managers' Index (PMI) rising to 51.6 in October from 51.0 in September. The auto industry was in reverse gear as sales for the month of October missed expectations. percent drop in total sales year-on- year, respectively.

Nifty Ends at 8322, Sensex Soars 519 pts

ECONOMY ANALYSIS

• Record closing: Nifty ends at 8322, Sensex soars 519 pts
• ITC Q2 profit up 8.7% to Rs 2,425 cr, revenue disappoints
• See 7% GDP by 2017; like pvt banks, autos: Kotak's Prasad
• M&M Q2 profit falls 4.3%, revenue beats forecast, OPM dips
• Union Bank Q2 profit jumps 78%, asset quality weakens
• To open 150 Domino's, 30 Dunkin' Donuts in FY15: Jubilant

MARKET ANALYSIS

• Both S&P BSE Sensex and Nifty made fresh highs today, surging nearly 2 per cent each in trade on Friday. The 30-share index ended the day at 27,865.83, up 519.50 points, or 1.90 per cent. The Nifty shut shop at 8322.20, up 153 points, or 1.87 per cent.
• The Sensex hit its fresh lifetime high of 27,894.32 in intraday trade, while the 50- share Nifty index rose over 150 points to make its all-time high of 8,330.75.
• Strong macro environment, reform push by the new government and falling inflation have already boosted the Sensex by over 30 per cent so far in the year 2014. But analysts at Dalal Street see further upside in the index up to the levels of 30,000 by the December-end and over 35,000 in the next one year.
•  Analysts at top brokerage firms firmly believe that we are in a bull market and equities will remain the best asset class in the next couple of years, provided global markets remain stable.

WEEKLY MARKET ANALYSIS FOR EQUITY

MARKET ANALYSIS

• Record closing: Nifty ends at 8322, Sensex soars 519 pts

•  India set to grow 6.4% in FY16: World Bank

•  HUL Q2 meets estimates, profit up 8%; volume growth at 5%

•  Indian mkt to give 20% returns in 1 year; buy banks: JP Morgan

•  BJP may probe DLF-Vadra deal in Haryana; stock crashes 8%

NIFTY ANALYSIS

•  Positional Support for NIFTY 8180.
•  Immediate resistance for NIFTY is 8450.
•  Intraday Resistance of NIFTY are 8380:8450
•  Intraday Support of NIFTY are 8250: 8180
•  Oscillator Analysis - The oscillator is showing BUY signal
•  Short Term Oscillator Analysis- The signal is BUY signal.