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. 

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1 comments:

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