Monday 28 September 2015

DAILY MARKET ANALYSIS FOR SEP 28. 2015

ECONOMY ANALYSIS
 
 Nifty ends Sept F&O expiry higher at 7868; oil, metals fall
 
http://www.researchvia.com/free-trials/ Oberoi Realty up 3%, BoAML retains buy on multiple triggers
 
 Renault Kwid launched in India at Rs 2.56 lakh
 
 Lupin up 4%; Credit Suisse upgrades, bets on diabetes drugs
 
 Modi trip gives Facebook, Google chance to press on growth
 
 Flipkart founders debut on Forbes billionaire lis

MARKET ANALYSIS
 
 The domestic equity indices seesawed between minor gains and losses on Thursday before ending flat/marginally higher amid expiry of the September series futures and options contracts and churning of positions by traders.
 
 The S&P BSE Sensex ended 40.51 points, or 0.15 per cent, higher at 25,863.50 while the 50-share NSE Nifty index closed 22.55 points, or 0.29 per cent, up at 7,868.50. Lupin and Infosys were the top gainers on the 30-pack BSE benchmark, which ended with gains of 3.58 and 2.51 per cent, respectively.
 
 The sentiment on the Street remained positive with 16 of 30 Sensex stocks ending the day with gains. Among the sectoral indices on BSE, IT was the top gainer, ending 2.02 per cent up. NIIT Technologies and Cressenda contributed most to the gains in the index.
 
 Most European markets traded in the red. Germany's DAX slipped 0.4 per cent, while UK's FTSE100 and France's CAC40 were down 0.3 and 0.4 per cent, respectively

READ MORE : EQUITY TRADING TIPS

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