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

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