Tuesday 24 February 2015

25/02/2015 EQUITY DAILY MARKET ANALYSIS

Equity Tips
ECONOMY ANALYSIS
  • Sensex, Nifty end flat; HUL & BHEL up 2-3%, ONGC falls
  • Maruti Suzuki up 1%; CLSA maintains buy, target of Rs 4400
  • Telcos in focus as call rates to fall on TRAI norms
  • Gold hovers near 7-week low ahead of Yellen's speech
  • 'FII holding in Sensex hits new high in Q3 at 23% of m-cap'
  • Oil up in Asia but US crude stays below USD 50 
MARKET ANALYSIS
  • The S&P BSE Sensex snapped its two-day decline and ended a choppy session on flat note. Losses in metals, oil & gas and auto were offset by gains in capital goods, FMCG and technology sectors.
  • According to Finance Ministry sources the Union Budget is likely to peg FY16 GDP around 7.8-8 percent. Eco Survey is likely to peg FY15 CAD at 1.3-1.4 percent due to fall in oil prices.
  • The 30-share index closed at 29,004.66, up 29.55 points or 0.10 percent. It touched a high of 29,130.67 and a low of 28,875.94 in trade today.
  • The Nifty closed at 8,762.10, up 7.15 points or 0.08 percent. It touched a high of 8,800.50 and a low of 8,726.75 in trade today.

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