Tuesday, 2 December 2014

DAILY MARKET ANALYSIS FOR 02/12/2014

ECONOMY ANALYSIS
 Sensex closes day 134 pts down, Nifty ends in red
 Sun Pharma and Ranbaxy deal gets FIPB nod
 Maruti sales up 19.5% in Nov, TVS Motor clocks 36% growth
 Jewellery stocks jump after govt scraps 80:20 rule
 India's factory growth in Nov fastest in nearly two years
 China Nov HSBC manufacturing activity falls to 6-month low
http://www.researchvia.com/free-trials/
 MARKET ANALYSIS
 Indian markets cracked in second half of the trading session on Monday,
     as traders preferred to book profits ahead of Reserve Bank of India's
     policy meet on Tuesday and a downgrade by Moody's of Japan's sovereign
     debt rating and weak european PMI data also dented sentiment.
 The S&P BSE Sensex snapped three-day rally and slipped as much as 155
     points in trade, led by losses in power, oil & gas, metal and realty stocks.
     Tracking the momentum, the 50-share Nifty index which hit a record high
     of 8623 earlier in the session also closed in negative.
 The 50-share Nifty index ended at 8,555.90, down 32.35 points or 0.38 per
     cent. It hit all-time high of 8,623 and a low of 8,545.15 in trade today.
 The S&P BSE Sensex closed at 28,559.62, down 134.37 points or 0.47 per
     cent. It touched a high of 28,809.64 and a low of 28,538.44 in trade today.


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