Wednesday, 26 June 2013

Daily Market update(27/6/2013)

                                                   ECONOMY ANALYSIS
   
 Rupee breaches 60 versus US dollar, hits an all-time low

 Signing FSA with CIL possible as early as Friday

 Sebi eases entry norms for mkt entities for debt membership

 Reliance Capital shares rise 3.5% on report of stake sale

 Ranbaxy slumps on Mohali plant under USFDA watch report

Tata Motors' passenger unit eyes 3% growth in market share

                                                     MARKET ANALYSIS

The BSE benchmark Sensex today fell by 77.03 points led by decline in 
bluechips Bharti Airtel and Mahindra and Mahindra, as rupee breaching 
60-mark against the dollar triggered concerns of increased FII outflows.

 After making a marginally higher start at 18,642.43, the 30-share index 
settled lower by 77.03 points, or 0.41 per cent, at 18,552.12, after rupee hit 
all-time low of 60.62 against the US currency in mid-session on heavy 
dollar demand.

 Similarly, the wide-based National Stock Exchange index Nifty fell by 
20.40 points, or 0.36 per cent, to close at 5,588.70. Also, SX40 index, the 
flagship index of MCX-SX, closed 49.23 points, or 0.44 per cent lower at 
11,048.71
.
 Cautious investors offloaded their holdings before the monthly settlement 
in the derivatives segment tomorrow, they added.

 Out of the 30 BSE shares, 18 ended lower led by Bharti Airtel falling 5.74 
per cent to Rs 278.45, followed by Mahindra and Mahindra closing down 
by 4.63 per cent at Rs 912.15.

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