Daily Nifty Report and Equity Report | Nifty Outlook

ECONOMY ANALYSIS

• Unitech plunges 9%; LIC likely to declare co defaulter
• Have hiked home loan rates; see lower rates in 2014
• Sebi seeks clarification on Great Eastern Energy’s IPO
• Eicher Motors to invest Rs 700cr in next 12-18 months
• UCO Bank looks to life after Iran sanctions windfall
• Debt-free Jyothy Labs reveals its acquisition plans

MARKET ANALYSIS

The S&P BSE Sensex witnessed sharp selling in the last hour of trade as traders chose to keep their positions light ahead of the state assembly results on Sunday.
The S&P BSE Realty Index fell 2.67 per cent, the S&P BSE FMCG Index was 1.34 per cent lower and the S&P BSE Auto Index declined 1.04 per cent.
The Nifty closed at 6160.95, down 40.90 points or 0.66 per cent. It touched a high of 6,209.15 and a low of 6,149.90 in trade today.
The market breadth was negative on the BSE with 1136 gainers against 1342 losers
The foreign institutional investors bought shares worth Rs 516.59 crore while domestic institutional investors were net sellers worth Rs 671.26 crore on Tuesday as per the provisional data from the National Stock Exchange.

DAILY PIVOTS

INDEX                   S1      S2       PP          R1     R2
NIFTY                6142   6116   6176   6202   6236
BANK NIFTY  11199 11127 11253 11327 11381

Daily Nifty Report and Equity Report | Nifty Outlook