Friday 28 November 2014

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.

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