Friday, 4 September 2015

DAILY MARKET ANALYSIS FOR SEPTEMBER 04, 2015

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ECONOMY ANALYSIS

 Sensex surges 311 pts, Nifty ends above 7800; banks lead

 SEBI to retain 23 members from FMC

 Tata Sons in SC: Faces Rs 300-cr sales tax demand

 Corp bond private placement hits 4-mth high at Rs46,000 cr

 IRB Infra up 2.5%; executes concession agreement with NHAI

 CBDT directs officials not to pursue pending MAT cases  EQUITY TRADING TIPS

 
MARKET ANALYSIS

 Snapping a three-day losing streak, the 30-share BSE Sensex surged 311.22 points, or 1.22 per cent, to close at 25,764.78 on Thursday.

 The broader market barometer, 50-share Nifty, gained 106 points, or 1.37 per cent, to settle the day at 7,823.

 27 of the 30 Sensex stocks ended in the positive territory. Tata Steel, HDFC and Axis Bank were the top Sensex gainers, up 4 per cent each.

 Major European stocks extended their intraday gains, tracking cues from overnight trade on Wall Street. Absence of any bad news from China, where the stock market was closed for a public holiday, also helped. The market was closed in Hong Kong too. London's FTSE100 index jumped 1.45 per cent, while France's CAC 40 index was up 1.50 per cent and DAX 30 advanced 1.67 per cent in Frankfurt.

 Earlier in the day, most Asian markets ended on a positive note. Japan's Nikkei added 86.99 points, or 0.48 per cent, to close at 18,182. South Korean Kospi closed higher by 0.02 per cent, or 0.31 points, at 1915.5. Singapore Straits Times settled 0.98 %, or 28.3 points higher, at 2906.4. 

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