Indian Equity Market Strategy News For Update

Equity Market

The broader indices ended in red; the BSE Mid cap index was down by 0.34% and Small cap index was down by 0.48%. (Provisional)

On the BSE Sectoral front, Health Care up by 0.02% was the only gainer while, IT down by 3.44%, TECK down by 2.92% , India Infrastructure Index down by 1.67%, Oil & Gas down by 1.64% and Capital Goods down by 1.49%, were the losers in the space. (Provisional)

India VIX, a gauge for markets short term expectation lost 4.94% at 16.69 from its previous close of 17.55 on Wednesday. (Provisional)

The CNX Nifty lost 82.95 points or 1.13% to settle at 7,246.70. The index touched high and low of 7,325.40 and 7,224.40 respectively. Out of 50 stocks in Nifty, 14 stocks ended in the green and 36 in red.

Tate & Lyle sales and profits down slightly

Food ingredients group Tate & Lyle said today that sales for the year to end-March were £3.147bn (2013: £3.256bn), 3% lower than the prior year, with adjusted profit before tax 2% lower at £322m (2013: £327m).
Sales in Speciality Food Ingredients were up 4% (4% in constant currency) to £983 million (2013 – £947 million) and 6% lower in Bulk Ingredients (6% in constant currency) at £2,164 million.
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