DAILY MARKET ANALYSIS FOR SEPTEMBER 22, 2015

ECONOMY ANALYSIS
 

 Sensex ends flat, Nifty at 7977; banks climb, FMCG weak
 

 Alexis Tsipras returns in unexpectedly decisive vote win
 

 L&T Finance Holdings to get Rs 708 cr from Bain Capital
 

 Strides Arcolab jumps 4%, acquires Sun Pharma's CNS biz
 

 Motherson tanks 7% on domestic biz, Volkswagen worries
 

 Prabhat Dairy gains 4% after initial fall, opens at Rs 113

MARKET ANALYSIS
 

 The domestic market made a smart recovery on Monday after trading weak throughout the day, taking cues from weak trading in most other Asian markets and the selloff on Wall Street on Friday.
 

The S&P BSE Sensex, which had slipped as much as 250 points during the day, saw a smart rebound to close flat, down 26 points, or 0.10 per cent, at 26,193 while the 50-stock NSE Nifty ended the day with mild losses of 5 points, or 0.10 per cent at7,977.10.
 

Shares of Maruti SuzukiBSE 2.00 % and Hindalco IndustriesBSE 2.43 % were the top gainers on the BSE benchmark index, climbing 2.65 and 2.45 per cent, respectively. The S&P BSE midcap index ended higher by 0.44 per cent, while the BSE smallcap index closed with gains of 1.21 per cent.
 

Among the sectoral indices the BSE Power index was the top gainer, ending 21 points, or 1.16 per cent higher at 1,846.33.
 

European markets traded with gains. At the time of writing of this report, the German DAX was up 0.7 per cent while the French CAC40 and the pan European Euro Stoxx 50 traded higher by a per cent, each. The FTSE100 index was up by 0.6 per cent. 

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