This weekly equity report from Ways2Capital provides technical analysis on equity indexes and pivot point reports. It also summarizes recent news in the equity markets, including company-specific news and developments in Asian and US markets. Ways2Capital prepares the report using its own analysis to inform investors, though it does not guarantee the accuracy of the information or accept liability for any resulting losses.
4. Industries jumped 4.07% to Rs 159.70. The stock topped the gainers in the BSE's
'A' group.
3. Gold loan company Muthoot Finance galloped 3.76% to Rs 186.20. The stock was
second biggest gainer in 'A' group.
4. Nonbanking financial company Shriram City Union Finance spurted 3.15% to Rs
1,635. The stock was third biggest gainer in 'A' group.
5. Private sector lender Karnataka Bank climbed 3.12% to Rs 137.15. The stock was fourth
biggest gainer in 'A' group.
6. Infrastructure financing firm IDFC rose 2.85% to Rs 163.95. The stock was fifth biggest
gainer in 'A' group.
7. Adani Enterprises rose 1.34% to Rs 457.70 at 14:52 IST on BSE after the company said
that Adani Mining Pty and POSCO E&C entered into a binding agreement to develop a
rail line in Galilee Basin, Queensland.
8. Market volatile Some buying activity is seen in IT and teck sectors, while banking,
capital goods, power, realty and oil & gas sectors are losing sheen on BSE.
9. At 11:38AM: S&P BSE Sensex is trading at 25,558 down 3 points, while NSE Nifty is
trading at 7,636 down 4 points. BSE Midcap is down 0.15% at 9,277, while BSE Small
cap is up 0.2% at 10,213.
10. State Bank of India may raise about Rs 200 billion by selling shares over two years to
fund capital requirements and expansion plans, according to a media report. The scrip
is trading down 1.3% on BSE.
11. Axis Bank said that it has fixed July 30, 2014 as the Record Date for the purpose of
ascertaining the eligible shareholders who would be entitled to receive five equity
shares of nominal value of Rs. 2 each in lieu of one equity share of nominal value of Rs.
10 each of the Bank on Subdivision. Axis is down 0.33% on BSE.
12. Asian markets in red: Asian markets are also in the red with Nikkei down 1.3% and
Hong Kong's Hang Seng lower by 0.5%.
13. The Dow and S&P 500 dropped over a percent while Nasdaq lost 1.4%.
14. Asian markets are also in the red with Nikkei down 1.3% and Hong Kong's Hang Seng
lower by 0.5%.
15. South Korea's Kospi is down 0.4% while China's Shanghai index was trading 0.10%
higher at 2,057.
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