RESEARCH VIA NIFTY REPORT 03 JAN 2014

ECONOMY ANALYSIS

 Rajan calls LPG cap hike `misdirected subsidy'
 NPR, not Aadhaar, best tool for cash transfer: BJP's Sinha
 India will remain one of favourites among EMs: JP Morgan
 PNB Q3 net falls 42% to Rs 755 cr but asset quality better
 Nifty ends below 6100 on expiry; Fed move, China PMI weigh
 Industrial growth must not stay subdued: S Naren
 Marico Q3 net up 33% to Rs 135cr, volume growth slows to 3%

MARKET ANALYSIS

 The markets snapped their five-day losing streak and ended the last day of the week on a positive note, led by gains in PNB, BoB, ACC BSE -1.33 % and Tata Power.

 The S&P BSE Sensex closed at 20,513.85, up 15.60 points. It touched a high of 20,572.32 and a low of 20,448.43 in trade today.

 The S&P BSE Midcap Index was up 1.63 per cent and the S&P BSE Smallcap Index was 1.31 per cent higher.

 Among the sectoral indices, the S&P BSE Realty Index was up 1.56 per cent, the S&P BSE Metal Index gained 1.18 per cent and the S&P BSE Capital goods Index advanced 0.83 per cent.

 The S&P BSE Auto Index was down 0.27 per cent.

 PNB BSE 5.94 % (up 6.93 per cent), Bank of Baroda BSE 2.92 % (up 3.64 per cent), ACC (up 3.38 per cent), Tata Power BSE 2.71 % (up 3.20 per cent) and BPCLBSE 3.16 % (2.98 per cent) were among the index gainers.

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