DEC 8TH 2014 EQUITY REPORT

ECONOMY ANALYSIS:

• Sensex ends 105 pts down; SAIL slips 2%, ITC gains 2%.
• SAIL slips as OFS kicks off, Macquarie maintains underperform.
• JSPL may raise $1 bn via bond issue.
• Ashiana Housing at life high, enters Chennai realty market.
• Selan Exploration up, RBI allows NRI/PIO to buy shares.
• BSE changes circuit filter for Gati, Gammon, Radico, others.

MARKET ANALYSIS:

• The benchmark Sensex today closed nearly 105 points down at 28,458.10 buckling under fag-end profit booking in IT, oil & gas and healthcare shares, logging its first weekly loss in seven weeks.
• After opening in the positive zone at 28,604.50, the BSE Sensex surged to the day's high of 28,651.75 on continued overseas inflows and buying by retail investors.
• Soon after, however, it met with resistance at higher levels and fell back to settle at 28,458.10, a fall of 104.72 points or 0.37 per cent. Intra-day, it had touched a low of 28,409.05.
• On a weekly basis, the Sensex fell by about 236 points. This is its first weekly drop in seven weeks.
• On similar lines, the 50-share Nifty index ended 26.10 points, or 0.30 percent, lower at 8,538.30. Fall in shares of Wipro, Tech Mahindra, Dr Reddys, BPCL, TCS, Sun Pharma, Infosys and CiplaBSE -1.75 % stocks weighed on the NSE barometer.
• It moved between 8,523.90 and 8,588.35 during the session on alternate bouts of buying and selling.