Friday, 14 August 2015

DAILY MARKET ANALYSIS FOR AUGUST 14, 2015

ECONOMY ANALYSIS

 Sensex, Nifty end higher; Midcap, Smallcap underperform

 ONGC Q1 profit misses estimates, rises 14% to Rs 5460 cr

 Tata Power turns black in Q1, net at Rs 241cr; beats street

 HC sets aside FSSAI ban on Maggi noodle variants; order subject to lab test

 IOC's Q1 profit doubles on higher refining margin

MARKET ANALYSIS

Snapping its four day losing streak, the S&P Sensex rose 37.27 points, or 0.14 per cent, to settle at 27,549.53 amid volatile trades today.

The broader 50-share Nifty index gained 6.40 points, or 0.08 per cent, to finish the day at 8,355.85.

16 of the 30 Sensex stocks closed the session in the positive terrain.
http://www.researchvia.com/free-trials/

M&M was the top Sensex gainer, up about 4 per cent. Vedanta was the top loser, down about 9%. Tata Steel cracked over 6 per cent.

Major European markets were quoting with a positive bias. Britain's FTSE 100 was up about one per cent, France's CAC 40 was up about 2 per cent, while Germany's DAX added about 1.5 per cent in trade.

Most Asian markets ended the session in green. China's Shanghai Composite settled 1.76 per cent, or 68.24 points, higher to close at 3,954.56. Japan's Nikkei added 0.99 per cent, or 202.78 points to settle at 20,595.55.

Extending the gains, Hong Kong's Hang Sengfinished the session up 0.43 per cent, or 102.78 points, at 24,018.80

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