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.