RESEARCH VIA DAILY EQUITY REPORT 20/11/2013

ECONOMY ANALYSIS

• Sensex flat with positive bias; Europe weak, Sesa dips 3.5%
• Power Grid share sale likely to open on Dec 3: Sources
• FY14 CAD may be 4% of GDP; fisc deficit at 5%: Moody’s
• NTPC scraps Rs 700-crore turbine order with Ansaldo
• Expect EBIT margins around 20% for H2FY14: Infotech
• Stronger than H1FY14 growth seen in Q3: Prestige Estates

MARKET ANALYSIS 

It was a quiet session on Dalal Street as the market remained range bound. The Sensex ended up 40.08 points at 20890.82 and the Nifty closed gainign 14.35 points at 6203.35. About 1282 shares advanced, 1196 shares declined, and 159 shares were unchanged.

Jindal Steel and Hindalco gained over 4 percent each while Maruti and SBI ended with more than 3 percent gains. Other gainer in the Sensex was Bharti Airtel . Top losers in the Sensex are Sesa Sterlite, HDFC Bank, Coal India, TCS and Wipro. The rupee continued to strengthen, trading around 62 per dollar mark A Finance Ministry-RBI panel discussed a 49 percent cap for FII investment.

DAILY PIVOTS

INDEX                   S1       S2       PP      R1      R2
NIFTY                  6210   6191   6225   6244    6259
BANK NIFTY    11123 11065 11165  11223  11265

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