RESEARCH VIA NIFTY REPORT 24 SEPT 2013

DAILY MARKET ANALYSIS

ECONOMY ANALYSIS

 No revival till 2014 polls; rate hike to hit infra: Gammon

 Battery prices up by 3-10%, see FY14 margin at 8%: Eveready

 CCEA approves Rs 182.43 cr grant to HEC

 Auto cos meet Oscar Fernandes; discuss quadricycle norms

 NSEL, FinTech 'fit and proper' status under scanner: Srcs

 Tata Motors plans to raise prices by up to 1.5%

MARKET ANALYSIS

 The benchmark BSE S&P Sensex today slumped the most in almost three weeks, closing down 383 points after the RBI unexpectedly hiked the repo rate to check inflation.

 The Sensex fell as much as 595.21 points before ending 382.93 points lower, or 1.85 per cent, to 20,263.71. It was the biggest drop since a 651-point decline on September 3

 The realty sector index dropped the most, losing 6.53 per cent, followed by the banking index 4.18 per cent, the capital goods =index 3.04 per cent and the auto index 1.58 per cent.

MAJOR INDICES

INDIAN MARKETS

INDEX                  CLOSE              CHANGE         % CHANGE

SENSEX                20263.71            -382.93                 -1.85

NIFTY                      6012.10            -103.45                -1.69

BANK NIFTY       10686.80            -461.85                -4.14

ASIAN MARKETS

INDEX                         CLOSE              CHANGE 

NIKKEI                       14742.42            -23.76 

STRAITS TIMES         3237.53            -14.25 

HANG SENG            23502.51            385.06 

TAIWAN INDEX       8209.18             -40.60
KOSPI                          2005.58              -7.79 

SHANGHAI                2191.85               0.00

EUROPEAN MARKET
INDEX            CLOSE           CHANGE

FTSE                6611.93            -13.47
CAC                 4203.66             -2.38
DAX                 8680.33           -13.85