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Equity Research
The indices ended below the 17K and 5K mark in the second half of the session as huge sell-off was witnessed in the banking, reality, capital good and metal stocks which dragged the markets lower. Negative Asian and European cues also weighted on the Indian market sentiments. The Sensex made an intraday low of 16,721, before closing at 16,789 down 219 points. The Nifty was down 75 points or 1.48% to settle at 4,988 and touched a day's low of 4968. The market breadth was quite weak and the total traded turnover stood at Rs 1,09,430 cr. The Oct nifty future ended with 13 points premium and the Nov future ended with 24 point premium at 5,014.
Inflation for the week-ended Oct 10 came in slightly higher than expectations at 1.21% as against 0.92% week-on-week.
http://www.nirmalbang.com/Upload/Morning_Call_231009.pdf
Inflation for the week-ended Oct 10 came in slightly higher than expectations at 1.21% as against 0.92% week-on-week.
http://www.nirmalbang.com/Upload/Morning_Call_231009.pdf