Wednesday 3 December 2014

4TH DECEMBER 2014 EQUITY REPORT



ECONOMY ANALYSIS:

  •  Sensex ends flat; CNX Midcap Index at record closing high.
  •  Pratibha tanks 5.1% after CRISIL downgrades credit rating.
  •  Nov services activity grows at fastest pace in 5 months.
  •  Sebi's new ODI rules may not be a dampener for fund flows.
  •  China HSBC services PMI edges up to 53 in November.
  •  Rel Cap, Bajaj Finserv, Max soar 4-8% on FDI insurance hope.



MARKET ANALYSIS:

  • Even though the S&P BSE Sensex moved in a narrow range throughoutthe trading session on Wednesday, but over 200 stocks managed to hit their fresh 52-week highs on the exchange.
  • The S&P BSE Sensex closed 1.3 points lower at 28442.71. It hit a low of 28370.73 and a high of 28504.65 in trade today.
  • The action was seen more in realty, power, banking and banking sector as 217 stocks rose to their fresh 52-week high on the BSE with small and midcap stocks stealing the limelight.
  • The stocks which rose to fresh 52-week highs include names like Axis BankBSE 1.35 %, Yes Bank, ICICI BankBSE 1.27 %, HUL, United Spirits etc.
  • The BSE Mid-cap index closed 1.39 per cent higher at 10,499.86 with as    much ass 27 stocks hitting fresh 52-week highs, which include names like
  • MRF, EIH, Bajaj Corp, Godrej Properties, ING Vysya Bank, Pfizer, Raymond, Tata ChemicalsBSE 1.90 % etc.

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