06/02/2015 EQUITY DAILY MARKET ANALYSIS

ECONOMY ANALYSIS
 

Nifty ends at 8711, Sensex in red; IT gains, IOB tanks 10%

IOB posts Q3 loss at Rs 516 cr; provisions spike, NII dips

Jubilant Food Q3 net rises 4.2%, same-store-sales surprises

Godrej Consumer beats forecast, Q3 net up 35% to Rs 263 cr

Fix subsidy formula at $65/bbl for project completion: ONGC
 

MARKET ANALYSIS 

The Nifty extended losses for fifth straight session and closed at two-week low as Greece concerns hit global markets. The European markets fell after the European Central Bank stopped accepting Greece bonds.

The 50-share index ended at 8,711.70, down 12 points or 0.14 percent. It plunged after hitting an intraday high of 8,838.45. The index touched intraday low of 8,705.05 today.

The S&P BSE Sensex closed at 28,850.97, down 32.14 points or 0.11 percent. It swung 524.54 points from intraday high of 29,277.83 to slip to intraday low of 28,753.29 today.

Tata Power (7.98 percent), Sesa Sterlite (4.20 percent), BHEL (3.44 percent), ONGC (3.30 percent) and M&M (2.71 percent) were among the index losers.

Wipro (up 3.34 percent), Infosys (up 2.10 percent), TCS (up 1.83 percent), Axis Bank (up 1.69 percent) and HDFC (up 1.11 percent) were among the Sensex gainers.

The market breadth was negative on the BSE with 1,017 gainers against
1,886 losers.