Thursday, 4 September 2014

DAILY FOREX REPORT FOR 05/09/2014

ECONOMY ANALYSIS
 Sensex, Nifty end slightly lower; BHEL loses 4%, autos zoom
 JP Asso down 20%; says promoters sold 1.4% for social cause
 Shapoorji Pallonji enters into Rs 200cr debt financing deal
 Fitch affirms 'BBB-' rating on 9 Indian banks
 DLF falls 9%, Haryana govt cancels 350-acre land allotment
 Power ministry floats CCEA note on pooling of coal prices


MARKET ANALYSIS
 The Sensex closed in the negative for the first time after nine consecutive
     sessions of gains as profit booking picked in realty, metals and capital goods
     sectors.
 Analysts remain bullish on the market as the benchmark recovered most of the
     intraday losses toward the end of session. Lower crude oil prices, improving
     CAD, hopes of pick-up in economy and continuous inflows are expected to
     provide support to the market.
 The 30-share index ended at 27,080.98, down 58.96 points or 0.22 per cent. It
      touched intraday high of 27,169.12 and a low of 26,972.39 today.
 The Nifty closed at 8,098.80, down 15.80 points or 0.19 per cent. It touched
      intraday high of 8,114.80 and an intraday low of 8,060.90 in trade today.
 The market breadth was negative on the BSE with 1242 gainers against 1718
      losers.


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