DAILY EQUITY REPORT AND MARKET ANALYSIS 28/FEB/2014

ECONOMY ANALYSIS

 

• Nifty ends Feb F&O series at 6238, Sensex up 134 pts
• Sahara case: SC issues non-bailable warrant against Subrata Roy
• Mahindra CIE sees 50-250% returns for minority shareholders
• Expect FY15 revenue growth at 12-15%: VIP
• Suzlon seeks shareholders' nod for Rs 3-cr pay to Tanti
• Bullish on Sensex, Dow; long on gold, corn: Altaira

MARKET ANALYSIS

• The BSE benchmark index Sensex rose for the fourth day today ending 134.52 points higher at 20,986.99 on buying in bluechips led by GAIL, ITCBSE 2.07 % and InfosysBSE 0.56 %.
• Buying by investors to cover their pending positions on settlement in the derivatives segment helped the barometer touch 21,000 level in day trade after a gap of over one month. The index gained 316 points in the previous three sessions.
• The broad-based National Stock Exchange index Nifty rose by 38.75 points, or 0.62 per cent, to 6,238.80 led by FMCG and capital goods stocks.
• Among Sensex stocks, GailBSE 2.97 % was the biggest gainer rising by 2.97 per cent. FMCG major ITC jumped 2.07 per cent, HDFCBSE 0.99 % by about 1 per cent and Mahindra & Mahindra by 2 per cent. WiproBSE 1.38 % touched its 52-week high before closing up by 1.38 per cent.
• On the other hand, SesaBSE -2.62 % Sterlite and Tata SteelBSE -3.23 % were among the biggest losers with losses of up to 3.23 per cent.

 

DAILY PIVOTS

INDEX	S1	S2	PP	R1	R2
NIFTY	6215	6192	6229	6252	6266
BANK NIFTY	10670	10620	10714	10764	10808

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