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.