DAILY MARKET ANALYSIS AS ON 09 OCTOBER 2014

ECONOMY ANALYSIS
 Sensex ends in red on weak global cues; tech, pharma down
 India to raise Rs 50 bn by selling stakes in ITC, L&T, Axis Bank
 RBI to cut rates by 75 bps in 2015: BofA-ML
 Infosys, Tech Mahindra, Mindtree dip on Citi downgrade
 KEC Int up 5% on new orders in T&D, cable, solar businesses
 India plans to raise near 50 billion rupees through ETF by March

MARKET ANALYSIS
 The S&P BSE Sensex ended a volatile session on flat-to-negative note as
     global markets remained under pressure on concerns of global economic
     growth. Outflows of dollars from emerging markets including India also
     added to the woes.
 The International Monetary Fund has cut global growth forecast and that for
     emerging market economies as a whole. The IMF expects global economy to
     grow by 3.8 per cent next year, lower than its July forecast of 4 per cent.
 The 30-share index ended at 26,246.79, down 25.18 points or 0.10 per cent. It
     touched a high of 26,338.31 and a low of 26,150.09 in trade today.
 The Nifty closed at 7,842.70, down 9.70 points or 0.12 per cent. It touched a
     high of 7,869.90 and a low of 7,815.75 in trade today.
 The market breadth was negative on the BSE with 1343 gainers against 1562
     losers.