NIFTY MARKET REPORT AND ANALYSIS 15/JAN/2014

ECONOMY ANALYSIS

• Focusing on sustaining 16% margins ahead
• Indian pharma to revive by Apr; see better margins: Cadila
• With CPI easing, JP Morgan expects RBI to hold rates in Jan
• HC orders suspension of activity at 12 Adani SEZ units
• US no longer among top 10 for economic freedom
• ‘New’ GM has old problem: stagnant US market share
• See 20% rise in market if alliance gets 220+ seats: CS

MARKET ANALYSIS

The Nifty ended below 6,250 as sentiment in global markets turned bearish on concerns of economic growth and tapering of stimulus package in the US. Metals, realty and technology were among the top sectoral losers while pharmaceuticals and oil & gas sectors edged higher.

The 50-share index ended at 6,243, down 29.75 points or 0.47 per cent. It touched a high of 6,280.35 and a low of 6,234.15 in trade today.

The S&P BSE Sensex closed at 21,042.22, down 91.99 points or 0.44 per cent. It touched a high of 21,154.76 and a low of 21,009.05 in trade today.

The foreign institutional investors bought shares worth Rs 413.85 crore while domestic institutional investors were net sellers worth Rs 317.52 crore on Monday as per the provisional data from the National Stock Exchange.

The European markets continued to remain the red tracking losses from other global markets. The FTSE 100 was down 0.44 per cent, the CAC 40 slipped 0.37 per cent and the DAX fell 0.64 per cent.

DAILY PIVOTS

INDEX                  S1       S2       PP        R1       R2
NIFTY                6224    6206    6252    6270   6298
BANK NIFTY    10897  10838  10981  11040  11124

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