DAILY MARKET ANALYSIS ON NIFTY FOR 28 APRIL 2014

ECONOMY ANALYSIS
 Sensex ends 188 pts lower; 180 stks hit 52-wk high 
 Maruti Suzuki Q4 net profit falls 35.5% at Rs 800 crore, misses estimate 
 UPL up over 8% post Q4 results; hits 52-week high 
 ICICI Bank Q4 profit up 15% to Rs 2652 crore, beats estimates 
 Cairn India slips over 5% post Q4 results 

MARKET ANALYSIS 
 Even though the S&P BSE Sensex ended on a weak note on Friday, but as much as 184 stocks rose to their fresh 52-week high on the Bombay Stock Exchange. 

 The real action was seen in the small and midcap segment, even though benchmark indices continued to reel under pressure. The BSE Sensex cracked as much as 219 points in trade, while 50-share Nifty index slipped below its crucial psychological level of 6800. 

 The BSE Sensex finally ended 188.47 points lower or 0.82 per cent at 22,688.07. It hit a low of 22656.64 and a lifetime high of 22939.31 in trade today. 

 Tracking the momentum, the 50-share Nifty index closed 58.05 points lower or 0.85 per cent at 6782.75. It hit a low of 6772.85 and a high of 6869.85 in trade today. 

READ MORE :  Nifty FuturesNifty Future

RESEARCH VIA NIFTY REPORT FOR 23 APRIL 2014

ECONOMY ANALYSIS 
 HDFC Bank Q4 net up 23%, NIM strong, asset quality stable 
 Don't see significant impact of mining data on IIP: SBI 
 Novartis transforms drug biz via deals with GSK and Lilly 
 Believe margins bottomed out in Q3FY14: TD Power 
 Pfizer agrees to $190 m settlement over generic versions of its epilepsy drug 
 Uttam Galva expects stable prices, margin pressures in FY15See IT

MARKET ANALYSIS 
The Sensex ended the day at 22,758.37; down 6.46 points, or 0.03%; while the Nifty closed the day at 6,815.35; down 2.30 points, or 0.03%. 

 Election results on May 16 will decide the course of the market, and till thentraders can carry their long positions, say experts. The Nifty is getting support from banks and both the indices are near important levels, say analysts. 

 "The Nifty is quoting at 6,800, at about 15 times one year forward multiples which are the average valuation at which the market has quoted in last 10 years. 
From the valuation perspective, it is not that the market is expensive neither it is cheap," said Sanjay Dongre, Fund Manager, UTI Asset Company. 

 "FIIs are expecting that post election, we are going to get the stable and reformist government which is going to increase the pace of recovery of growth in the economy going forward in FY15 and FY16. That is what people are trying to factor in the valuations of the market," he told ET Now. 

 April was a choppy month for the market. Still, given the FIIs inflows, the benchmarks may take out the resistance levels of 6,840 next month. 

RESEARCH VIA EQUITY REPORT FOR 21 APRIL 2014

ECONOMY ANALYSIS
 Sensex surges over 300 points in pull-back rally, banks, IT gain
 HCL Technologies Q3 beats street, net up 8.5% to Rs 1624 cr
 Wipro Q4 revenue seen up 2%, Q1FY15 guidance likely at 2-4%
 Reliance Industries: Expect a flat earnings growth
 TCS slips 2%, recovers; Nomura cuts target price
 Rate cuts unlikely before March next: Bofa-ML

MARKET ANALYSIS
 The much talked about El Nino, which may affect India's South-West monsoon, may hit the FY15 GDP growth rate, push inflation higher and has the potential to slow down the bull party, say analysts.

 Although the current market euphoria is largely on account of growing prospects of NDA-led BJP forming the next government, a stable macro situation will be something which will keep the momentum going, they say.

 After a slow start, the S&P BSE Sensex managed to rally over 300 points in afternoon trade on Thursday, led by gains in ICICI BankBSE 3.25 %, Tata MotorsBSE 4.24 %, RILBSE 1.88 %, ITCBSE 2.11 % and InfosysBSE 1.06 %.

 Tracking the momentum, the 50-share Nifty index also managed to regain its crucial psychological level of 6700, supported by gains in IT, autos, metal, realty and banking stocks.

 The BSE Sensex closed the day at 22,628.84; up 351.61, or 1.58%.

 The 50-share Nifty index ended th day at 6,779.40; up 104.10 points, or 1.56%.

RESEARCH VIA DAILY MARKET ANALYSIS ON NIFTY REPORT 15 APRIL 2014

ECONOMY ANALYSIS 

 Sensex, Nifty end in red; Infosys up 1% ahead of Q4 results 
 Exports up 3.98% to USD 312.35bn in 2013-14 
 Nomura sees March CPI at 8.4%; trade deficit at 3-year low 
 IndusInd Bank down 2.5%, FII investment reaches upper limit 
 High on Modi, Gujarat-based stocks return upto 170% 
 First in FY14: RBI didn't buy dlrs in Feb; sold $530 mn 

MARKET ANALYSIS 

 After remaining under pressure for the whole day, the market ended on a negative note. The Sensex was down 86.37 points at 22628.96, and the Nifty was down 20.10 points at 6776.30. About 1473 shares have advanced, 1227 shares declined, and 171 shares are unchanged. Sun Pharma, TCS and Wipro were up over 1 percent each. Cipla and Infosys were other gainers in the Sensex. Among the laggards are M&M, Tata Motors, Reliance, SBI and GAIL. 

 The market continued to trade lower weighed down by profit booking in index heavyweights HDFC and Reliance Industries. However, the buying in HDFC Bank and ITC capped the downside. The Sensex went down 147.63 points to 22567.70 and the Nifty fell 40.35 points to 6756.05. 

About 1347 shares have advanced, 1216 shares declined, and 183 shares are unchanged. Housing finance company HDFC and petrochemical major Reliance Industries dropped nearly 2 percent. Top private sector lender ICICI Bank and engineering & construction major L&T slipped over a percent. 

WEEKLY MARKET ANALYSIS ON NIFTY 15 APRIL 2014

NEWS INSIGHT 
 India's trade deficit widens in March, touches $139bn in FY14 
 KV Kamath dubs Infosys CEO Shibulal's early exit 'routine' 
 Car sales expected to rise marginally in FY15: SIAM 
 Vodafone takes full control of Indian unit 
 KV Kamath dubs Infosys CEO Shibulal's early exit 'routine' 

NIFTY ANALYSIS 
 Positional Support for NIFTY 6700. 
 Immediate resistance for NIFTY is 6820. 
 Intraday Resistance of NIFTY are 6790: 6820 
 Intraday Support of NIFTY are 6740: 6700 
 Oscillator Analysis - The oscillator is showing BUY signal 
 Short Term Oscillator Analysis- The signal is BUY signal. 

MAJOR INDICES 
INDIAN MARKETS
INDEX                  CLOSE       CHANGE      % CHANGE 
SENSEX               22628.96        -86.37                 -0.38 
NIFTY                    6776.30        -20.10                 -0.30 
BANK NIFTY     12840.20      -109.20                 -0.84


DAILY MARKET ANALYSIS ON NIFTY 11 APRIL 2014

ECONOMY ANALYSIS
 Nifty ends below 6800; Tata Power up 4%, Dr Reddy falls 3%
 Sensex in red, midcap outshines; Adani group stocks rally
 Tata Motors hits all-time high, Citi ups target to Rs 486
 Seen 19% annual return on Vodafone investment: Piramal
 Geosphere sees 10-15% drop in market if no Modi-led govt
 Expect Nifty to touch 7000; IT to underperform: Barclays

MARKET ANALYSIS
 The market ended with marginal gains as the Nifty slipped below 6800. The Nifty was flat to end at 6796.40 while the Sensex was up 12.99 points at 22715.33. About 1476 shares advanced, 1221 shares declined, and 189 shares were unchanged. Tata Power ended up 4 percent followed by NTPC, SBI, Tata Motors and BHEL. Laggards in the Sensex were Dr Reddy's Labs, Sun Pharma, Infosys, Hero Motocorp and ICICI Bank.

 Ajay Piramal, Chairman, Piramal Enterprises, said the money raised after selling 11 percent stake in Vodafone, will be used for business expansion. 
He said the company will be looking at creating long-term value for its shareholders. Piramal Enterprises has over Rs 10,000 crore cash in books. 
The company has seen a 19 percent annual return on Vodafone investment, said Piramal, adding that it is now looking at opportunities to buy stake in financial services space. Piramal Enterprises has sold back its 11 percent stake in Vodafone India to parent company Vodafone Plc for Rs 8900 crore. The company had acquired the stake for Rs 5,864 crore in two tranches in FY12.

NIFTY FUTURES CALL & TARGET

REVIA FUTURE: BUY APOLLO TYRE ABOVE 168.40 TGTS 168.80/169.65/170.50 SL 167.90 (9977785000) WWW.RESEARCHVIA.COM  
REVIA FUTURE: APOLLO TYRE HIT 1ST TGT 168.80 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY AURO PHARMA ABOVE 563.80 TGTS 565.05/566.80 SL 562.55 (9977785000) WWW.RESEARCHVIA.COM  
REVIA ULTRA FUTURE: AURO PHARMA HIT 1ST TGT 565.05 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: AURO PHARMA HIT FINAL TGT 566.80 HIGH OF 572.50 BOOK FULL PROFIT (9977785000)WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL APOLLO TYRE BELOW 167.30 TGTS 166.90/166.25/165.40 SL 167.45 (9977785000) WWW.RESEARCHVIA.COM    
REVIA FUTURE: APOLLO TYRE HIT 1ST TGT 166.90 LOW OF 166.80 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY ADANI PORTS ABOVE 180.90 TGTS 182.15/183.90 SL 179.65 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: ADANI PORTS HIT 1ST TGT 182.15 HIGH OF 182.25 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA NIFTY: BUY BANK NIFTY ABOVE 12670 TGTS 12720/12790/12890 SL 12620 (9977785000) WWW.RESEARCHVIA.COM
REVIA NIFTY: BANK NIFTY HIT 1ST TGT 12720 HIGH OF 12739 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

DAILY MARKET ANALYSIS ON NIFTY 09 APRIL 2014

ECONOMY ANALYSIS
 Markets on a weak footing; Nifty below 6,700
 RCom, Reliance Jio sign intra-city infra sharing pact
 Ranbaxy buyout to fortify presence in many mkts: Sun Pharma
 Sun-Ranbaxy combine will have m-cap of Rs 80k cr
 GMR Infra up 7% on getting airport project in Philippines
 SBI to offload up to Rs 4,000 cr bad loans to ARCs

MARKET ANALYSIS
 After some heavy losses, the market ended flat but Nifty was below the 6700. The Nifty ended at 6695.05, up 0.70 points while the Sensex was down 16.05 points at 22343.45. Sun Pharma did not lose its grip even though the market was weak.

 The stock wrapped up today's trade with a 3 percent gain. Sesa Sterlite, M&M, Tata Steel and SBI are other gainers in the Sensex. BHEL remained on sellers' radar with a loss of over 3 percent. Cipla, ICICI Bank, Dr Reddy's Labs and Maruti Suzuki were among the laggards.

 BHEL topped the selling list, losing 4 percent on weak provisional numbers for the year ended FY14.

 Shares of ICICI Bank, Dr Reddy's Labs, Cipla and Hindalco Industries lost 2 percent each. Reliance Industries, HDFC, Tata Motors, L&T and HUL declined 0.5-1 percent. 

RESEARCH VIA NIFTY FUTURES CALL & TARGET

REVIA FUTURE: BUY BANK OF BARODA ABOVE 757 TGTS 760/765/772 SL 753 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: BANK OF BARODA HIT 1ST TGT 760 HIGH OF 760.15 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL APOLLO TYRE BELOW 167 TGTS 167.60/166.95/166.10 SL 167.10 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: APOLLO TYRE HIT 1ST TGT 166.60 CMP 166.55 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY ARVIND ABOVE 184.50 TGTS 184.90/185.55/186.40 SL 184.00 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: ARVIND HIT 1ST TGT 184.90 HIGH OF 185.20 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL ARVIND BELOW 182.45 TGTS 182.05/181.30/180.45 SL 182.95 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: ARVIND HIT 1ST TGT 182.05 LOW OF 181.80 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: ARVIND HIT 2ND TGT 181.30 LOW OF 181.25 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: SELL ANDHRA BANK BELOW 65.00 TGTS 64.35/63.50 SL 65.65 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: ANDHRA BANK HIT 1ST TGT 64.35 LOW OF 64.30 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: SELL BANK OF BARODA BELOW 751 TGTS 746/739 SL 756 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: BANK OF BARODA HIT 1ST TGT 746 LOW OF 743 (9977785000) WWW.RESEARCHVIA.COM

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

DAILY MARKET ANALYSIS ON NIFTY FOR 07 APRIL 2014

ECONOMY ANALYSIS
 Edelweiss up 6%, RBI allows increase in FII investment cap
 Pharma cos may see healthy earnings growth in Q4FY14: CLSA
 Forget $8 proposed by RIL, ONGC asks for nearly $13 for deepsea gas 
 Nelco jumps 8% as board nods for restructuring security biz

MARKET ANALYSIS
 Equity benchmarks fell for the second consecutive session on Friday with the Nifty closing below the 6700-mark for the first time in last five sessions after hitting record high. 

 The index was down 41.75 points to 6694.35 while the Sensex fell 149.57 points to 22359.50 but the broader markets beat benchmarks. 

 The BSE Midcap and Smallcap indices gained 0.4 percent and 0.8 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1639 to 1120 on the BSE. For the week, the Sensex and Nifty closed flat while Bank Nifty plummeted 1.6 percent. But CNX Midcap Index was up 1.5 percent and BSE Smallcap gained nearly 4 percent.

 The profit booking was seen in private banks, capital goods, technology, FMCG, auto and power stocks. Public sector undertakings like BHEL, NTPC and GAIL were down 1.5-2 percent. 

 Top telecom operator Bharti Airtel lost 2 percent too. Shares of TCS, Tata Motors, Reliance Industries, HDFC, Infosys, L&T and Sun Pharma declined 0.8-1.5 percent.

WEEKLY MARKET ANALYSIS ON NIFTY 07 APRIL 2014

NEWS INSIGHT
 Weather risk partly behind sugar price rise: Shree
 Patel Engg, Kanakia to co-develop 16-acre Mumbai property
 Post-election showdown looms for Raghuram Rajan
 Debt burden hobbles Indian infra on road to recovery
 Relief for Natco: US rejects Teva's Copaxone patent reissue application
 Banking on Bangalore mkt, Sobha Dev expects strong

NIFTY ANALYSIS
 Positional Support for NIFTY 6580.
 Immediate resistance for NIFTY is 6780.
 Intraday Resistance of NIFTY are 6730: 6780
 Intraday Support of NIFTY are 6660: 6620
 Oscillator Analysis - The oscillator is showing BUY signal
 Short Term Oscillator Analysis- The signal is BUY signal.

NIFTY WEEKLY PIVOTS
INDEX                     S1           S2          PP          R1        R2
NIFTY                    6644        6596       6710       6758     6824
BANK NIFTY        12372      12181     12620      12811   13059

RESEARCH VIA NIFTY FUTURES CALL & TARGET

REVIA FUTURE: BUY ADANI ENTERPRISE ABOVE 356 TGTS 356.75/358/359.75 SL 355.25 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: ADANI HIT 1ST TGT 356.75 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY HDIL ABOVE 60.75 TGTS 61.00/61.35/61.90 SL 60.45 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: HDIL HIT 1ST TGT 61.00 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: HDIL HIT 2ND TGT 61.35 HIGH OF 61.40 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY JUBILANT FOOD ABOVE 1042 TGTS 1052/1066 SL 1032 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: JUBILANT FOOD HIT 1ST TGT 1052 HIGH OF 1052.10 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

MARKET ANALYSIS ON NIFTY MARKET 04 APRIL 2014

ECONOMY ANALYSIS
 Nifty above 6700; SBI loses 2%, pharma outperforms
 Pharma cos may see healthy earnings growth in Q4FY14: CLSA
 Will meet FY14 guidance; bank licence miss disappoints: L&T
 ADB data not the best indicator of US growth: NAB
 Expect FY15 volume growth at lower end of 8-12%: Dabur
 In-principle nod to IDFC, Bandhan for bank licences: RBI

MARKET ANALYSIS
 The Sensex ended the day in the red today, but made a fresh intraday high of 22,620. The 30-stock index closed the day at 22,509.07; down 42.42 points, or 0.19%.

 The broader 50-share Nifty ended the day at 6,736.10; down 16.45 points, or 0.24%.

 The S&P BSE midcap index closed at 7,170.75; down 28.17 points, or 0.39%. The S&P BSE small cap index closed at 7,207.45; down 12.91 points, or 0.18%.

 IDFCBSE -2.38 % was the show-stealer of the day. It had a gap-up start after the Reserve Bank of India granted it nod in principle for a bank license that would be valid for 18 months.

 The 50-share Nifty index has rallied a little over 6 per cent, while Sensex has surged a little over 1,300 points so far in 2014, ahead of the most awaited event, that is elections.

 India's goes to the polls from April 7 to May 12, and the results would be announced on May 16.

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

RESEARCH VIA NIFTY FUTURES CALL

REVIA FUTURE: BUY KTK BANK ABOVE 120 TGTS 120.40/121.05/121.90 SL 119.50 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: KTK BANK HIT 1ST TGT 120.40 HIGH OF 120.60 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL ARVIND BELOW 179.50 TGTS 179.10/178.45/177.60 SL 180.00
REVIA FUTURE: ARVIND HIT 1ST TGT 179.10
REVIA FUTURE: ARVIND HIT 2ND TGT 178.45 LOW OF 178.40

REVIA FUTURE: SELL JUBILANT FOOD BELOW 1057 TGTS 1051/1041/1027 SL 1065
REVIA FUTURE: JUBILANT FOOD HIT 1ST TGT 1051 CMP 1048

REVIA ULTRA FUTURE: BUY AURO PHARMA ABOVE 565.70 TGTS 567.00/568.75 SL 564.45
REVIA ULTRA FUTURE: AURO PHARMA HIT 1ST TGT 567
REVIA ULTRA FUTURE: AURO PHARMA HIT FINAL TGT 568.75 HIGH OF 569.30

REVIA ULTRA FUTURE: BUY AURO PHARMA ABOVE 568.30 TGTS 569.55/571.30 SL 567.05 (9977785000)
REVIA ULTRA FUTURE: AURO PHARMA HIT 1ST TGT 569.55 HIGH OF 570.30

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

DAILY MARKET ANALYSIS ON NIFTY UPDATES 03 APRIL 2014

ECONOMY ANALYSIS
 Nifty closes above 6750; BSE Midcap, Smallcap rally 1.6%
 Not worried about rupee overvaluation right now: Raghuram Rajan
 Cautious on public banks; IT to sustain earnings growth momentum: HSBC
 Axis Bank slips 2% post RBI limits share purchases by FIIs
 Bharti rises 4% on CLSA report, data revenue may increase
 More money flowing into India-dedicated funds: EPFR Global
 World's largest bond fund sees $3.1bn in outflows in March
 IDFC, L&T Fin, IFCI up 3-6% as bank licence process firm up 5

MARKET ANALYSIS

 MUMBAI: The Indian markets are at all-time highs and political parties are trying hard to take credit for all the good that is happening in the Indian economy and on Dalal Street.

 Today, the 30-stock Sensex made a new high of 22,592.10 in intraday trade. The index ended the day at 22,551.49; up 105.05 points, or 0.47% The broader 50-share Nifty ended the day at 6,752.55; up 31.50 points, or 0.47%.Aviation stocks hogged the limelight, with SpiceJetBSE 19.19 % surging as much as 20% and Jet AirwaysBSE 14.14 % soaring more than 13%. This rally was largely due to ATF price cut by 4%.

 Another pack that was on a roll was pharma, which saw WockhardtBSE 20.00 % getting locked in upper circuit of 20% and RanbaxyBSE 9.01 % gaining 10%.

 BSE midcap index closed the day at 7,198.92; up 112.92 points, or 1.59%. The smallcap index ended at 7,220.36; up 113.64 points, or 1.60%.

 The government expects FY14 fiscal deficit at 4.6 per cent

RESEARCH VIA NIFTY FUTURES CALLS

REVIA FUTURE: BUY ADANI ENETRPRISE ABOVE 359.20 TGTS 359.95/361.20/362.95 SL 358.40 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: ADANI HIT 1ST TGT 359.95 CMP 360.00 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY HDIL ABOVE 57.50 TGTS 57.75/58.10/58.65 SL 57.20 (9977785000)WWW.RESEARCHVIA.COM
REVIA FUTURE: HDIL HIT OUR 1ST TGT 57.75 HIGH OF 57.95 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY HIND PETRO ABOVE 307.85 TGTS 308.60/309.85/311.60 SL 307.10 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: HIND PETRO HIT 1ST TGT 308.60 CMP 309.15 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY APOLLO TYRE ABOVE 163.30 TGTS 163.70/164.35/165.20 SL 162.80 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: APOLLO TYRE HIT 1ST T GT 163.70 HIGH OF 164.30 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY ADANI PORTS ABOVE 189.15 TGTS 190.40/192.15 SL 187.90 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: ADANI PORTS HIT 1ST TGT 190.40 HIGH OF 190.65 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

RESEARCH VIA NIFTY REPORT 02 APRIL 2014

ECONOMY ANALYSIS


  • Nifty gains for 9th day; BSE Bankex down 1% post RBI policy
  • Buy IT, pharma on dips; avoid stocks that rise 10% daily: Raamdeo Agarwal
  • RBI to maintain status quo ; see Mar CPI at 8.2%: ICRA
  • Monetary Policy: RBI keeps policy rates, CRR unchanged
  • RBI Credit Policy: Here's what brokerages expect to hear
  • India an absolute star among EMs: Credit Suisse
  • FTIL defies MCX's decision to consider a pref allotment
  • AM Naik sells his L&T shares worth Rs 72 cr in 20 days                                       


MARKET ANALYSIS

  • MUMBAI: The S&P BSE Sensex pared intraday losses and closed at a fresh all-time closing high on the back of gains in technology, oil & gas and pharmaceuticals. Rate sensitives ended in the red even as the Reserve Bank of India maintained status quo on interest rates. However, its hawkish guidance has raised concerns of a possible rate hike post general elections.
  • The RBI has left repo rate at 8 per cent, reverse repo rate at 7 per cent and CRR at 4 per cent."The Reserve Bank's stance will be firmly focused on keeping the economy on a disinflationary glide path that is intended to hit 8 per cent CPI inflation by January 2015 and 6 per cent by January 2016," the RBI policy statement said.
  • Following the policy statements, analysts are of the view that there will be no rate cuts in the near term as the governor sees the risk of retail inflation. In fact they are of the view that once elections are out of the way, the central bank may in fact hike interest rates.
  • Goldman Sachs believes that RBI's overall tone on inflation is hawkish and sees upside risks to the RBI's inflation trajectory for FY15. It expects the central bank to hike interest rates by another 50 bps in 2H 2014.


      RESEARCH VIA NIFTY REPORT REPORT 01 APRIL 2014

      ECONOMY ANALYSIS
       ONGC falls 3%, ITC & Tata Power drag; Nifty, Sensex ends flat
       India an absolute star among EMs: Credit Suisse
       Suzlon Energy up 15% on fund raising & debt trimming plans
       Avonmore Capital & Management Services: Outcome of board meeting
       GMR Energy plans to raise Rs 1,450 via its maiden IPO
       Technology the backbone of world's best airport
       RCom may partially exit foreign unit: Globalcom CEO
       Suzlon Energy up 15% on fund raising & debt trimming plans

      MARKET ANALYSIS
       MUMBAI: The markets didn't make much gains today, but they did hit new highs. The Sensex closed the day at 22,386.27; up 46.30 points, or 0.21%. It is the new closing high for the 30-stock index. The broader 50-share Nifty ended the day at 6,704.20; up 8.30 points, or 0.12%.

       The Sensex made a fresh intraday high of 22,467; while the Nifty hit 6,730. BSE midcap index closed the dat at 7,082.86; up 72.57 points, or 1.04%.
      The smallcap index closed at 7,071.96; up 72.90 points, or 1.04%.

       BSE midcap index closed the dat at 7,082.86; up 72.57 points, or 1.04%. The smallcap index closed at 7,071.96; up 72.90 points, or 1.04%.

       BSE IT index made a smart recovery towards the end of the session after trading in the red through the day. The index closed the day at 8,789.38; up 14.97 points, or 0.17%.

       FIIs were net buyers worth $1,728 million in Indian equities between March 21 and March 27. With this, their net investments for March stand at $3.3 billion. Their net inflows into Indian shares for 2013 crossed $20 billion versus $24 billion in 2012.

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