Thursday, 22 May 2014

RESEARCH VIA EQUITY REPORT 22 MAY 2014

ECONOMY ANALYSIS
 Profit booking drags Sensex 79 pts; L&T, SBI, Axis slip 2%
 Zee Entertainment Q4 net profit rises 21% to Rs 218 cr
 Five-fold rise in Q4 profit lift Essar Oil shares 19%
 Sun Pharma slips 2% on USFDA warning letter for Guj unit
 'Honeymoon period' for mkt will be over post Budget: Emkay
 Gati surges; Macquarie buys stake from open market


MARKET ANALYSIS
 Snapping the four-day rally on election euphoria, the BSE benchmark
     Sensex today fell from record highs to close 78 points lower at 24,298 on
     profit-booking amid weak global trends.
 The 30-share Sensex, which had surged 562 points in the past four
     sessions, ended the day at 24,298.02, down 78.86 points or 0.32 per cent
     from its previous close.
 Capital goods, banking, oil and gas and healthcare sector stocks recorded
     losses.
 The NSE Nifty eased by 22.60 points to close the day at 7,252.90. It
     touched a low of 7,206.70 during the day.
 The four-day rally before today's losses saw the BSE Sensex and NSE
     Nifty climbing to life-time high of 25,375.63 and 7,563.50 points on May
     16, when the BJP-led NDA swept the polls.

 Foreign institutional investors (FIIs) sold shares worth a net Rs 104.53
     crore yesterday as per provisional data from stock exchanges.




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