Finstreet Knowledge Power Stay Ahead (7

th
October 2014)
Market ends near 2-month lows; Sensex down 296 pts
Indian Indices
-Indian markets fell over 1% in trade today, to end near their two-month closing lows with metal
shares leading the decline amid growth concerns in China, the world's largest consumer of metals.
Key Indices slipped deeper in the red on account of sustained selling activity among the index
heavyweights.
-The market extended its southward journey for the second trading session of the October month.
-In the broader market, S&P BSE Mid cap were down by 0.90% and S&P BSE Small Cap slipped by
0.79% in today's trading session.
Events
-The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, rose to 51.6 in
September from 50.6 in August, reversing a slowdown seen in the previous two months.
Market sentiment:
-The market breadth stood in favour of declines. Of the 2991 stocks traded on the BSE, 1111
(37.14%) rose, 1767 (59.08%) fell and 113 (3.78%) stocks remained unchanged.
Sectoral & stock screening
-All the Sectors closed in red. Topmost losers are: S&P BSE Metal down 2.65%, S&P BSE Health Care
down 1.85%, S&P BSE Capital Goods down 1.78%, S&P BSE Consumer Durables down 1.72% and S&P
BSE Realty down 1.27%.
-Among 'A' group stocks, top three gainers were- GMR Infrastructure rose 11.24%, Apollo Tyres rose
5.86% and Shipping Corporation of India (SCI) rose 5.47%. Top three losers- Den Networks slipped
8.90%, Cyient down 6.68% and Polaris Financial Technology 5.91%.
Global Signals
-A second day of weak German data sent European markets into retreat on Tuesday with stocks, the
euro and periphery euro zone government debt all knocked by the mounting evidence of an abrupt
slowdown in the bloc's economic engine room.
-Asian shares rose on Tuesday, while the dollar languished after investors locked in some gains on its
recent rally.
Mint Street
-The rupee was trading at 61.70, 0.20 points down.