Equity markets extends previous session's losses - ShareTipsInfo

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SHARETIPSINFO.COM [email protected] sep 16 th ,2014 POST MARKET REPORT Major Headlines: Market Summary: Microeconomic Front: Corporate Front: Commodity Updates: Top Gainers & Losers: Global Signals: Sectoral & Stock Screening:

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Local equity markets extended previous session’s losses and ended down with sharp cut of over 1.20% on Tuesday, which dragged both Sensex and Nifty below the psychologically crucial 27,000 and 8,000 levels respectively.

Transcript of Equity markets extends previous session's losses - ShareTipsInfo

Page 1: Equity markets extends previous session's losses - ShareTipsInfo

SHARETIPSINFO.COM

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sep 16th,2014

POST MARKET REPORT

Major Headlines:

Market Summary:

Microeconomic Front:

Corporate Front:

Commodity Updates:

Top Gainers & Losers:

Global Signals:

Sectoral & Stock Screening:

Page 2: Equity markets extends previous session's losses - ShareTipsInfo

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nifty fall most in 1-1/2 months ahead of fed outcome

INDIAN EQUITY MARKET FELL OVER 1% ON TUESDAY POSTING ITS BIGGEST SINGLE DAY DECLINE IN

1-1/2 MONTHS AS BLUE CHIPS SLIPPED ON CAUTION AHEAD OF THE US FEDRAL RESERVE’S MEETING.

Major headlines:

Tata Motors Group global sales at 73,524 in August 2014

RBI chief Rajan says limiting reliance on foreign debt

India starts to develop yield curve as trading shifts from 10-

year bon

INDEX PERFORMANCE

Index Close % Chg

Sensex 26492.51 -1.21

Nifty 7932.90 -1.36

Indian Indices: Local equity markets extended previous session’s

losses and ended down with sharp cut of over 1.20% on Tuesday, which dragged both Sensex and Nifty below the psychologically crucial

27,000 and 8,000 levels respectively. Absence of any positive triggers

at home front combined with global anxiety as investors braced for a

possible hawkish shift in the U.S. Federal Reserve's policy stance in its two-day policy meeting, which begins later in the day, mainly took a

toll on buying activity. Sentiment at Dalal Street also took a hit to

some extent after RBI’s governor, underscored that there were no chances of RBI slashing rates at the month-end monetary policy

announcement, citing that Inflation in Asia's third-largest economy,

India, was still high and hence there was no point in slashing interest

rates since this would further build on to inflationary pressures.

The BSE Sensex ended lower by 324.05 points or 1.21% at 26492.51 after trading in a range of 26464.03 and 26861.29. There were 8 stocks

advancing against 22 stocks declining on the index. The broader

indices ended in red; the BSE Mid cap index was down by 3.42%,

while Small cap index down by 3.99%.

The CNX Nifty edged lower by 109.10 points or 1.36% at 7932.90 after

trading in a range of 7925.15 and 8044.90. There were 8 stocks

advancing against 42 stocks declining on the index. (Provisional)

MARKET INDICATORS

Top Movers (Group A)

Company Cmp % chg

Gainers

Castrol 438.45 4.23

Pel 767.15 3.59

Colpal 1648.60 2.90

FRL 127.45 1.31

Losers

Gmr Infra 22.30 -10.26

HDIL 86.50 -8.03

Jisljaleq 87.55 -7.89

Nationalum 60.55 -7.20

Market Statistics

BSE NSE

Advances 1733 193

Declines 1362 1294

On the global front:

Asian and European markets were in shambles as investors were reluctant to do much as they waited for fresh guidance on

interest rates from the Federal Reserve amidst speculation that

the Fed could raise interests sooner and faster than previously expected. Besides, US central bank policymakers will also

release fresh economic and interest-rate projections, extending

their forecast horizon through 2017.

Market Sentiment: The market breadth on the BSE remained

in the favour of decliners; advancing and

declining stocks were in a ratio of 801:2229, while 88 scrips remained

unchanged.

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Macroeconomic front:

Expressing concern over rising industrial and vehicular pollution in the country, Environment Minister

Prakash Javadekar today said he wanted to make green norms more stringent for the industry and

strengthen regulations for diesel vehicles. The minister, however, told the industry that the government would be "practical" in its approach and business leaders would be consulted before framing any rules in

this regard.

Corporate Front:

A new mutual fund scheme for NRI investors in Oman has been launched by an Indian asset

management company, reported PTI. The mutual fund, Select Micro Cap Series VI launched by

Sundaram Asset Management Company, is for a 42-month period and 75 per cent of the corpus fund will be invested in Indian growth stocks.

Commodity Updates:

Commodity Prices (MCX):

Commodity Rs % Chang

Gold-3 Oct 27082 0.31

Silver-5 Dec 41660 0.63

Crude oil-19 Sep 5676 0.16

Natural Gas-25 Sep 239.10 -0.46

Alluminium-30 Sep 120.65 0.08

Copper-28 Nov 423.30 0.24

Nickel-30 Sep 1102.00 -0.38

Global signals:

European Markets were trading mostly in the red; France’s CAC was down by 0.39%, Germany’s DAX

was down by 0.29% and UK’s FTSE 100 was up by

0.40%.

Asian markets ended mostly in red on Tuesday ahead

of the start of a Federal Reserve policy meeting. The Malaysian market was closed today on account of

‘Malaysia Day’ holiday. China’s stocks tumbled,

sending the benchmark index to the biggest drop since March after foreign direct investment sank to a four-

year low and investors speculated new share sales will

divert funds. China may join other emerging countries in boosting gold reserves as the precious metal makes

up a smaller share of its foreign-exchange holdings

compared with developed economies.

Top Nifty Movers:

The top gainers on Nifty were Dr. Reddys Lab up by 0.88%, United Spirits up by 0.44%, ITC up by

0.41%, Sun Pharma Industries up by 0.37% and Infosys up by 0.27%. On the flip side, Tata Power

down by 6.12%, BPCL down by 4.88%, Lupin

down by 3.88%, PNB down by 3.56% and Tata

Steel down by 3.46% were the top losers. (Provisional)

Top Sectoral & Stock Screening:

The losing sectoral indices on the BSE were Realty down by 3.42%, Power down by 3.26%, PSU down by

3.12%, Infrastructure down by 3.05%, Capital Goods down by 2.70%, while there were no gainers on the

index. (Provisional)