DAILY EQUITY REPORT & MARKET UPDATES OF RESEARCH VIA AS ON 10 JULY, 2015

ECONOMY ANALYSIS

• Sensex closes 114 pts down, Nifty fails to hold 8,350
• Bajaj Corp Q1 net up 19.94% at Rs 47.51 crore
• Bhushan Steel up 20%, lenders nod for Rs 30Kcr loan recast
• Manpasand Beverages debuts at Rs 300, falls 11 percentage on Day 1
• 8K Miles Software Services jumps 8% on strong Q1 earnings
• Essar Oil to sell 49% stake to Rosneft for $3.2 billion

  MARKET ANALYSIS

• After endure in a thin range for most of the session, the S & P BSE Sensex eventually resolve 114.06 points down as investors turned cautious ahead of the kickstart of the earnings season, with the TCS' Q1 no. scheduled later in the day.
• The 30 pack index shed 0.41 % to fix at 27,573.66. Nifty fell 34.50 points, or 0.41 % to ended at 8,328.55. Selling in IT majors of TCS and Infosys weighed heavy on indices. Weakness in index heavy-weights such as Reliance Industries and ITC added to the sentiment.
• Market range was mixed, with one of all two BSE stocks ending lower. BPCL and Vedanta were the top losers on Nifty, down about of 5 %
• TCS dropped 2.52 % to close at 2,528.65 for the day.
• Spain's IBEX was up 2.42% ; DAX and CAC 40 get 1.50 % each, while FTSE 100 was up 0.80 per cent.
• Earlier in the day, most Asian markets settled toper after the Chinese regulators lainch more curbs to tame falling markets. Nikkei closed the day 118 points of higher at 19,855.