DAILY MARKET ANALYSIS ON EQUITY MARKET BY REVIA 30 DEC 2013

ECONOMY ANALYSIS
  
 CNG rate increase due to court orders: IGL
 January inflation data to be lower; rupee stable now: Subir Gokarn
 Difficult to sustain margins at 13% going ahead
 JSW Steel hikes prices by 2%; eyes better volumes in FY15
 Steady NRI deposits boost Federal Bank's liquidity
 MCX orders FTIL to cut stake from 26% to 2% in a month
 L&T developing Oman facilities as regional hub

MARKET ANALYSIS

 The Nifty closed near day's high led by gains in sector, were in the green with IT, pharma, FMCG and banks taking cues from global peers.

 The 50-share index ended at 6,313.80, up 34.90 points or 0.56 per cent. It touched a high of 6,324.90 and a low of 6,289.40 in trade today.

 The S&P BSE Sensex closed the day at 21,193.98, up 118.99 points or 0.56 per cent. It touched a high of 21,235.14 and a low of 21,113.25 in trade today.

 The foreign institutional investors bought shares worth Rs 743.7 crore while domestic institutional investors were net sellers worth Rs 203.44 crore on Thursday as per the provisional data from the
National Stock Exchange.