equityresearch
Equity Research
The benchmark indices erased their early gains and closed with modest gain of 21 points at 16,810 after RIL plunged 4 % to close at Rs 2,047 after Hardy Oil said it has not found any hydrocarbon in D9 block exploration well of KG basin. RIL owns 90 % interest in D9 block while Hardy oil has 10 %. Hardy Oil, the stock was down 36% in London Stock Exchange.
Nifty closed below 5K at 4,997 up just 8 points after touching an intraday high of 5,054 and low of 4,983. The market breadth was flat at the end of the session and total traded turnover was at Rs 1,01,491 cr. The Oct nifty future ended with 8 points premium and the Nov nifty future ended with 11 points premium.
For the week the Sensex ended nearly 3 % lower as global cues and worries about valuations dragged Indian markets down despite good corporate earnings.
http://www.nirmalbang.com/Upload/After_Market_231009.pdf
Nifty closed below 5K at 4,997 up just 8 points after touching an intraday high of 5,054 and low of 4,983. The market breadth was flat at the end of the session and total traded turnover was at Rs 1,01,491 cr. The Oct nifty future ended with 8 points premium and the Nov nifty future ended with 11 points premium.
For the week the Sensex ended nearly 3 % lower as global cues and worries about valuations dragged Indian markets down despite good corporate earnings.
http://www.nirmalbang.com/Upload/After_Market_231009.pdf