Tuesday, 2 September 2014

TODAY EQUITY REPORT FOR 02 SEPTEMBER 2014

ECONOMY ANALYSIS
 Nifty ends above 8000 for first time, Sensex at new high; banks
     rally
 Maruti at new high; Aug sales ride on Celerio, Dzire, Ritz
 IRB Infrastructure falls after Citi downgrade
 HSBC Manufacturing PMI slows to 52.4 in Aug
 Mahindra & Mahindra total sales down 7.18% in Aug


MARKET ANALYSIS
 The 50-share Nifty index closed past its crucial psychological level of 8,000
     for the first time on Monday.
 The BSE Sensex also logged a new peak of 26,900.30 on the back of positive
     economic growth data for the April-June quarter led by gains in Hero
     MotoCorpBSE 5.79 %, Maruti SuzukiBSE 4.71 %, Tata PowerBSE 3.62 %,
     L&T and GAIL.
 India's economy expanded at its fastest pace in more than two years in the
     April-June quarter. India's GDP grew at 5.7 per cent in the first quarter of
     2014-15, exceeding expectations.
 The BSE Sensex closed at 26,867.55 up 229.44 points or 0.86 per cent. It hit a
     fresh record high of 26,900.30 and a low of 26,732.39 in trade today.
 The Nifty was at 8,027.70 up 73.35 points or 0.92 per cent. It touched fresh
     record high of 8,035.00 and a low of 7,984.00 in trade today.


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