RESEARCH VIA EQUITY ANALYSIS: Nifty breaks 8,750

DATE: 16/04/2015

 

 

DAILY MARKET ANALYSIS

• The Sensex closed the day below its crucial level of 29,000; thanks to hectic selling in the last 30 minutes of trade. The broader 50-share Nifty closed at 8,750.

Highlights:

• AirtelBSE -2.32 % cracked 4% intraday, may have to withdraw 'Airtel Zero'
• VRL Logistics' IPO subscribed 0.27 times on NSE, is quoting @ a premium of 38% in grey market
• Gujarat Gas gained 15% intraday; firm got authorisation from PNGRB to lay, build, operate, or expand city or local natural gas distribution network (CGD) for Thane, Maharashtra
• Gateway Distriparks rallied nearly 5% intraday on reports that it plans to list rail unit
• Torrent Pharma rallied 5% intraday on reports it is close to sealing a deal to acquire the dermatology business of Mumbai-headquartered Encore group
• DCB Bank surged over 9% intraday as Q4 results beat expectations; net profit surged over 60%
• ACC gained over 2% intraday as Q1 profits meet expectations.