MARKET ANALYSIS
The
pull-back attempt on the S&P BSE Sensex, following media reports
that the government may defer GAAR by two years, didn't last long. The
benchmark closed in the red for second straight session led by losses in
FMCG, metals and oil & gas sectors.
The
30-share index closed at 29,133.43, down 49.52 points or 0.17 percent.
It touched a high of 29,268.13 and an intraday low of 28,958.52 in trade
today.
Axis
Bank (up 5.44 percent), Hindalco (up 3.83 percent), Wipro (up 3.18
percent), L&T (up 1.76 percent) and GAIL (up 1.70 percent) were
among the Sensex gainers.
Bharti
Airtel (3.42 percent), Dr Reddy's Laboratories (3.06 percent), HUL
(2.44 percent), ICICI Bank (2.40 percent) and ITC (1.97 percent) were
among the index losers.
The market breadth was positive on the BSE with 1,614 gainers against
1,300 losers.
1,300 losers.
ECONOMY ANALYSIS
- Nifty ends below 8800, Sensex weak; Axis up 5%, ITC & HUL fall 2%
- Bharat Forge Q3 profit more than doubles to Rs 196.3 cr
- Sun Pharma, Ranbaxy at new high on USFTC conditional nod
- CLSA begins coverage on Adani Ent with 'buy' on recast plan
- Maruti Jan sales rise 13.7%, Tata Motors posts 5% growth
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