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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Considering Friday's close, we expect index to remain under pressure on Monday as well.
23 Jun 2014 | 07:00 AM

Highlights for Today

Market Outlook for the day Considering Friday's close, we expect index to remain under pressure on Monday as well.


Corporate News:

IFCI proposes to engage the services of consultant to advise and manage the process of partial disinvestment of IFCI's stake in National Stock Exchange of India (NSE) and disinvestment of IFCI's entire stake in IFCI Financial Services


Market Roundup 

In a volatile trading day, key benchmark indices closed negative at the end of the session. BSE Sensex and the CNX Nifty, both, hit their lowest level in over two weeks. The recent increase in crude oil prices and weakness in Asian stocks weighed on sentiment. The BSE Mid-Cap index was off 35 points or 0.39%. The BSE Small-Cap index was down 82 points or 0.83%. Both these indices underperformed the Sensex. The market breadth indicating the overall health of the market was negative.