Friday 5 December 2014

Sensex Ends 120 pts up, Nifty Below 8600

ECONOMY ANALYSIS


  • Sensex ends 120 pts up, Nifty below 8600; ITC gains 6%
  • NBCC gains 5%, signs MoU with Air India for developing land
  • Sadbhav Engineering hits new high as arm files DRHP for IPO
  • ICICI Bank rises 2% post split of shares from Rs 10 to Rs 2
  • ABB up 20%; global CEO says no plan to delist Indian arm
  • Coal India falls 2%, workers' union mulls going on strike

MARKET ANALYSIS


  • The S&P BSE Sensex ended a rangebound session over 100 points up led by gains in FMCG, capital goods and banks. The index had opened near all-time high level but pared some of the gains as the session progressed.
  • The 30-share index ended at 28,562.82, up 120.11 points or 0.42 per cent. It touched a high of 28,808.78 and a low of 28,448.95 in trade today.
  • The Nifty closed at 8,564.40, up 26.75 points or 0.31 per cent. It hit an all- time high of 8,626.95 and an intraday low of 8,526.40 in trade today.
  • ITC (up 5.44 per cent), Sesa Sterlite (up 2.80 per cent), CiplaBSE 2.61 % (up 2.61 per cent), ICICI BankBSE 0.90 % (up 0.90 per cent) and HULBSE 0.87 % (up 0.87 per cent) were among the major Sensex gainers.
  • Bharti AirtelBSE -2.08 % (2.08 per cent), Hindalco (1.84 per cent), BHELBSE -1.56 % (1.56 per cent), M&M (1.51 per cent) and Tata PowerBSE -1.44 % (1.44 per cent) were among the major Sensex losers.
  • The market breadth was negative on the BSE with 1501 gainers against 1454 losers.

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