Nifty Update For 09/july/2013

ECONOMY ANALYSIS

BSE Sensex soars 180 pts, Nifty climbs 65 pts; Bankex up 2%

Axis Bank Q1 beats street, net up 22% to Rs 1409 cr

Economy to recover slowly as RBI defends rupee: Poll

Macquarie cuts India GDP outlook; sees INR at 61/$ by Dec

Reliance Communications halves 3G data price

TCS hits record high ahead of Q1 results

MARKET ANALYSIS

The S&P BSE Sensex surged in the afternoon to close 200 points following a sharp pull-back rally in beaten down banking stocks on the back of short-coverings.

The 30-share index ended at 20,151.53, up 202.80 points or 0.47 per cent. It touched a high of 20,176.90 and a low of 19,956.20 in trade today.

The Nifty closed at 6,040.20, up 66.90 points or 1.12 per cent. It touched a high of 6,051.10 and a low of 5,974.55 in trade today.

The Bank Nifty surged 400 points from day's low to close at 11,195.60, up 224 points or 2.04 per cent.

ONGC (4.74 per cent), HDFC Bank (3.19 per cent), BHELBSE 3.14 % (2.92 per cent), Hero MotoCorpBSE 2.34 % (2.70 per cent) and Tata PowerBSE 2.25 % (2.47 per cent) were among the major Sensex gainers.

The market breadth was positive on the BSE with 966 gainers against 1,174 losers.

                                                       MAJOR INDICES

                                                     INDIAN MARKETS

                 INDEX            CLOSE               CHANGE %              CHANGE

             SENSEX           20128.41                179.68                            0.90

             NIFTY                6038.05                  64.75                            1.08

             BANK NIFTY     11187.70                216.10                            1.97

                                                       US MARKETS

                    INDEX                        CLOSE                    CHANGE

             DOW FUTURES              15440.00                      0.00

      NASDAQ FUTURES                3078.75                     -0.50

Nifty Updates For 16/july/2013

ECONOMY ANALYSIS
June WPI inflation at 4.86%; food inflation up

RBI fines 22 banks, warns 7 for KYC violations

Suzlon arm sets up 325 MW capacity wind farm in Belgium

Infosys jumps 15%, leaves FY14 $ rev guidance unchanged

Petrol prices almost back to all-time high: IOC

Macquarie cuts Maruti Suzuki to 'neutral'

MARKET ANALYSIS
Indian markets rose for a third consecutive session on Monday to mark their highest close in 1-1/2 months as optimism about upcoming earnings results and wholesale inflation data that was in line with expectations
boosted blue chips.

The S&P BSE Sensex closed at 20,038.77, up 80.30 points or 0.40 per cent. It touched a high of 20,072.44 and a low of 19,883.19 in trade today.

The 50-share index ended at 6,030.15, up 21.15 points or 0.35 per cent. It touched a high of 6,038.20 and a low of 5,980.95 in trade today.

The better than expected June WPI inflation, which came at 4.86 per cent, a tad higher than 4.7 per cent and lower than ET Now estimate of 5 per cent helped the benchmarks to break out of narrow intraday range.

The market breadth was positive on the NSE with 550 gainers against 311 losers.

                                                           MAJOR INDICES
                                                          INDIAN MARKETS
              INDEX                 CLOSE                  CHANGE %                 CHANGE
            SENSEX               20034.48                     76.01                             0.38
               NIFTY                 6030.08                     21.80                             0.36
    BANK NIFTY              11790.25                     67.45                             0.58

                                                        EUROPEAN MARKET
              INDEX                 CLOSE                  CHANGE
                FTSE                   6565.08                      20.14
                 CAC                   3871.79                      16.70
                 DAX                   8228.32                      15.55

                                                              US MARKETS
              INDEX                CLOSE                    CHANGE
  DOW FUTURES            15388.00                        19.00
NASDAQ FUTURES         3072.25                        10.25