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Market summary.pptx  04.06.2014
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Market summary.pptx 04.06.2014

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  • 1. India-GlobalMarket Summary 04.06.2014 • The Sensex and Nifty were trading marginally in the red dragged down by IT, TECk and oil & gas sector stocks amid weak global cues. • The 30-share Sensex ended down 53 points or 0.2% at 24,806 and the 50-share Nifty ended down 14 points or 0.2% at 7,402. • Hero MotoCorp, Hindalco, HUL, Tata Steel and Bajaj Auto were the top five Sensex gainers, while the top five losers were TCS, Bharti Airtel, RIL, Coal India and Infosys. • Welspun Corp jumped 12.37% to Rs 96.75 after the Welspun Group acquired 3.124% equity shareholding in the company from MÜLHEIM PIPECOATINGS GmbH, a co-promoter of Welspun Corp, at a per share price of Rs 85.25 per share.
  • 2. • Market breadth ended positive with 2,125 gainers and 922 losers on the BSE. • Maruti Suzuki rose 1.3% to end Rs 2373 on the BSE after recording a hike in total production. The total production for May 2014 stood at 121,746 units as compared to 101,360 units for May 2013, representing a jump of 20% • National Fertilizers Limited (NFL) has zoomed 9.9% to end at Rs 44.90 on the BSE after posting a decline in net loss for the quarter ended March 31. The company posted a net loss of Rs 9.8 crore in the quarter ended March 2014 as against Rs 107.04 crore in the year-ago period. • Tata Steel and Steel Authority of India have extended their gains after receiving clearance from the Odisha government on renewal of mining leases. Tata Steel gained 2% at Rs 537 and SAIL ended up 5% at 100. • International food prices increased by 4% between January and April 2014, mainly because of growing weather concerns and import demand, says the World Bank’s.
  • 3. • Bharat Electronics rose 1.28% to Rs 1,734 on BSE after the company said its order book stood at Rs 23200 crore as on 1 April 2014. • Orbit Corporation jumped 4.09% to Rs 24.15 IST on BSE after Morgan Stanley Asia Singapore PTE acquired 1.09% stake in the company through block deal on Tuesday, 4 June 2014. • Trent rose 1.61% to Rs 1,060 on BSE after the company said that UK-based Tesco has completed purchase of part of the equity shares held by Trent in its wholly-owned subsidiary Trent Hypermarkets. • Most European stocks fell as investors awaited data on US jobs and the euro zone economy before tomorrow’s European Central Bank meeting. Asian shares were down.
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