Wednesday 7 January 2015

EQUITY MARKET ANALYSIS FOR 7 January 2015

  • BSE index reduces 3.07 percent and the broader NSE index 3 per cent, their largest daily percentage falldown since Sept. 3, 2013, when the rupee was still stagger from its least market turmoil since the 1991 balance of payment crisis. 

  • Shares sink more than 3 percent on Tuesday, posting their largest daily loss since the rupee crisis in 2013 as a continued fall in oil prices hit emerging markets, sending blue-chips such as State Bank of India BSE -4.05 % sharply downward. 

  • Oil explorers reduce, tracking the falldown in US crude oil prices. Reliance Industries BSE -4.67 % slide 4.5 percent, while Oil and Natural Gas BSE - 5.89 % Corp sinked 5.7 percent. 

  • Blue-chips led losses as global shares sank on the back of a extended glide in oil prices that is increasing concerns about the health of the global economy. ICICI Bank BSE -4.20 % stray 4.2 percent, State Bank of India demolish 4.1 per cent while Infosys BSE -1.99 % fell 2.1 percent.

DAILY GAINERS AND LOSERS

GAINERS 
Maruti Suzuki 


LOSERS
Jindal Steel
HDFC
Sesa Sterlite
ONGC
Tata Steel



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