Thursday, 29 May 2014

RESEARCH VIA EQUITY REPORT 29 MAY 2014

ECONOMY ANALYSIS
 Sensex, Nifty end flat ahead of expiry; Coal India falls 3%
 ICRA at new-high, up 20% as Moody's hike open offer price
 Jet Airways crashes 9% on highest-ever annual loss
 Hero Motocorp Q4 PAT may fall 9% on margin contraction
 FinMin watchful of CAD, rupee as global mkts still volatile
 RBI likely to keep monetary policy steady in June
 

MARKET ANALYSIS
 The Nifty ended a sluggish session on a flat-to-positive note as traders
     offloaded F&O positions ahead of May series expiry. According to
     analysts, the market is expected to remain rangebound in the near-term
     after the stellar rally in run-up to elections.
 The 50-share index ended at 7,335.30, up 17.30 points or 0.24 per cent. It
     touched a high of 7,344.75 and a low of 7,302.60 in trade today.
 The S&P BSE Sensex closed at 24,556.09, up 6.58 points or 0.03 per cent.
     It touched a high of 24,643.33 and a low of 24,488.81 in trade today.
 Coal India (3.07 per cent), ONGC (3 per cent), Asian Paints (2.86 per
     cent), M&M (2.71 per cent) and Jindal Steel (2.51 per cent) were among
     the top index losers.
 The market breadth was negative on the NSE with 1045 gainers against
     499 losers.
 The foreign institutional investors were net sellers worth Rs 202.61 crore
     while domestic institutional investors were net sellers worth Rs 95.63
     crore on Tuesday as per the provisional data from the National Stock
     Exchange.



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