Equity Research Report By Ways2Capital 22 July 2014

July 22, 2014 - PRLog -- NSE WEEKLY NEWS UPDATE

DHL is constantly expanding its global Thermonet network of Certified Life Sciences Stations and plans to reach 65 by end of 2014 and 80 byend of 2015.

Exide Industries leads gainers in 'A' group - Lead acid storage battery maker Exide Industries jumped 4.07% to Rs 159.70. The stock topped the gainers in the BSE's 'A' group.

Gold loan company Muthoot Finance galloped 3.76% to Rs 186.20. The stock was second biggest gainer in 'A' group.

Non-banking financial company Shriram City Union Finance spurted 3.15% to Rs 1,635. The stock was third biggest gainer in 'A' group.

Privatesector lender Karnataka Bank climbed 3.12% to Rs 137.15. The stock was fourth biggest gainer in 'A' group.

Infrastructure financing firm IDFC rose 2.85% to Rs 163.95. The stock was fifth biggest gainer in 'A' group.

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.

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.

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 Mid-cap is down 0.15% at 9,277, while BSE Small-cap is up 0.2% at 10,213.

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.

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 Sub-division. Axis is down 0.33% on BSE.

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%.

The Dow and S&P 500 dropped over a percent while Nasdaq lost 1.4%.

Asian markets are also in the red with Nikkei down 1.3% and Hong Kong's Hang Seng lower by 0.5%.

South Korea's Kospi is down 0.4% while China's Shanghai index was trading 0.10% higher at 2,057.

This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only.

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