DAILY EQUITY REPORT- 4 December 2013
INDIAN FACE
INDIAN EQUITY BENCHMARK fell to snap a three-day winning streak due to profit-taking in stocks of blue chips such as Larsen and Toubro Ltd after upbeat U.S. data raised fears the Federal Reserve would reduce its monetary stimulus. L&T provisionally fell 1.3 percent, while HDFC Bank Ltd ended 0.7 percent lower.
Further, ITC along with HDFC Group shares HDFC and HDFC Bank contributed the most to the Sensex decline.
Reliance Industries was up 1% on reports that Reliance Industries-BP combine is leading the race for picking up 25% stake in Gujarat govt. planned LNG import terminal at Mundra.
GLOBAL FACE
Asian stock markets outside Japan were mostly lower, as traders reassessed their expectations regarding the duration of the Federal Reserve’s bond-buying program.
European stocks were lower, as speculation the Federal Reserve could soon begin tapering its monthly asset purchases continued to weigh on equity markets.
U.S. stocks fell on concerns shopping sales may disappoint, while investors also avoided equities to await the jobs report.
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INDIAN FACE
INDIAN EQUITY BENCHMARK fell to snap a three-day winning streak due to profit-taking in stocks of blue chips such as Larsen and Toubro Ltd after upbeat U.S. data raised fears the Federal Reserve would reduce its monetary stimulus. L&T provisionally fell 1.3 percent, while HDFC Bank Ltd ended 0.7 percent lower.
Further, ITC along with HDFC Group shares HDFC and HDFC Bank contributed the most to the Sensex decline.
Reliance Industries was up 1% on reports that Reliance Industries-BP combine is leading the race for picking up 25% stake in Gujarat govt. planned LNG import terminal at Mundra.
GLOBAL FACE
Asian stock markets outside Japan were mostly lower, as traders reassessed their expectations regarding the duration of the Federal Reserve’s bond-buying program.
European stocks were lower, as speculation the Federal Reserve could soon begin tapering its monthly asset purchases continued to weigh on equity markets.
U.S. stocks fell on concerns shopping sales may disappoint, while investors also avoided equities to await the jobs report.
equity tips stock cash calls agri commodity agri commodity tips
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