Wednesday, 28 May 2014

RESEARCH VIA EQUITY REPORT 28 MAY 2014

ECONOMY ANALYSIS
 Sensex ends 167 pts down, Nifty above 7300; SBI falls 3%, IT firm
 BEL, BEML, BHEL, L&T up 5-17% as Modi may retain Defence
 TV18 continues to log record profits, FY14 PAT at Rs 104cr
 GAIL falls 8% on dismal performance in March quarter
 FinMin watchful of CAD, rupee as global mkts still volatile


MARKET ANALYSIS
 The Nifty extended losses for second straight session and closed near
     7,300 as traders booked profits after the recent run-up. Oil & gas, auto and
     power were the top sectoral losers while IT, pharma and metals showed
     some strength.
 The 50-share index closed at 7,308.45, down 50.60 points or 0.69 per cent.
     It touched a high of 7,372.95 and a low of 7,274.75 in trade today.
 The S&P BSE Sensex ended at 24,549.51, down 167.37 points or 0.68 per
     cent. It touched a high of 24,777.31 and a low of 24,422.33 in trade today.
 GAIL (7.47 per cent), BHEL (5.27 per cent), PNB (3.15 per cent), IDFC
     (3.04 per cent) and Bank of Baroda (3.01 per cent) were among the top
     index losers.
 Jindal Steel (up 5.64 per cent), Tech Mahindra (up 2.74 per cent), Tata
     Steel (up 2.21 per cent), Infosys (up 1.33 per cent) and UltraTech Cement
     (up 1.27 per cent) were among the major Nifty gainers.
 The market breadth was negative on the NSE with 592 gainers against 963

     losers.

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