Wednesday, 7 January 2015

DAILY MARKET ANALYSIS 07/01/2015

ECONOMY ANALYSIS
 Sensex crashes 855 pts; Nifty cracks 251 pts; ONGC bleeds
 Speciality centres 'way of the future': Apollo on Nova deal
 Good level to enter India-centric bluechip cos: Dipan Mehta
 Gold prices firm above $1,200 on safe-haven bids
 Eveready hikes battery prices; to grow 10-15% in FY15: ED
 CLSA bullish investment cycle; lists 9 favourites for 2015


http://www.researchvia.com/free-trials/
MARKET ANALYSIS
 Shares slumped more than 3 per cent on Tuesday, posting their biggest daily
     loss since the rupee crisis in 2013 as a continued slide in oil prices hit
     emerging markets, sending blue-chips such as State Bank of IndiaBSE -4.05
     % sharply lower.
 The BSE index declined 3.07 per cent and the broader NSE index 3 per
     cent, their biggest daily per centage fall since Sept. 3, 2013, when the rupee
     was still reeling from its worst market turmoil since the 1991 balance of
     payment crisis.
 Blue-chips led losses as global shares sank on the back of a continued slide
     in oil prices that is raising concerns about the health of the global economy.
     ICICI BankBSE -4.20 % lost 4.2 per cent, State Bank of India fell 4.1 per
     cent while InfosysBSE -1.99 % fell 2.1 per cent.
 Oil explorers declined, tracking the fall in US crude oil prices. Reliance
     IndustriesBSE -4.67 % fell 4.5 per cent, while Oil and Natural GasBSE -
     5.89 % Corp slumped 5.7 per cent.



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