REVIA DAILY NIFTY MARKET ANALYSIS 28 NOV 2013

ECONOMY ANALYSIS
 Gas price hike to add Rs 4,400 crore to profit
 US expands China hiring probe to Morgan Stanley 
 Nasdaq closes above 4,000 for first time in 13 years 
 Wockhardt hit by FDA alert on Chikalthana plant
 Dec flows to weaken; mkt in buy-on-dips mode: Pramerica 
 China's reform drive threatens to derail yuan
 India emerges most attractive investment destination: EY

MARKET ANALYSIS
 The benchmark Sensex today ended flat with a marginal 4.76-point drop as caution prevailed ahead of the expiry of November derivatives contracts on Thursday and GDP and fiscal deficit data due on Friday.

 The rupee was trading stronger at 62.2 levels against the US dollar. The American unit fell following a disappointing report on US consumer confidence in November.

 In Europe, the UK's FTSE, France's CAC and Germany's DAX were trading higher in early trades. Asian indices including Hong Kong's Hang Seng, Taiwan's TAIEX and China's Shanghai Composite 
closed in green. However, Nikkei of Japan ended down. 

MAJOR INDICES
                                  INDIAN MARKETS
INDEX                  CLOSE           CHANGE      % CHANGE
SENSEX              20420.26               -4.76              -0.02
NIFTY                    6057.10               -2.00              -0.03
BANK NIFTY         10899.30             -10.05             -0.09

US MARKET
INDEX                 CLOSE            CHANGE
DOW 
FUTURES           16072.80                  0.26
NASDAQ 
FUTURES             4017.75                23.18

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