Wednesday 11 February 2015

12/02/2015 -EQUITY-DAILY-MARKET-ANALYSIS

MARKET ANALYSIS
The domestic markets extended gains for second straight session as value- buying picked in beaten down stocks after the recent correction. All the sectoral indices closed in the green with capital goods, metals and pharma stocks leading the rally.

The 50-share index ended at 8,627.40, up 61.85 points or 0.72 percent. It touched a high of 8,651.95 and a low of 8,593.65 in trade today.

The S&P BSE Sensex closed at 28,533.97, up 178.35 points or 0.63 per cent. It touched a high of 28,618.91 and a low of 28,424.39 in trade today.

Jindal Steel BSE 5.96 % & Power (up 6.48 percent), Tech Mahindra BSE 3.06 % (up 3 percent), Axis Bank BSE 2.99 % (up 2.78 percent), Asian Paint (up 2.53 percent) and NTPCBSE 2.44 % (up 2.52 percent) were among the top Nifty gainers.

ONGC (2.72 percent), BHEL (2.29 percent), Zee Entertainment (1.41 per cent), Cairn India (1.10 percent) and M&M (0.72 percent) were among the index losers.

The market breadth was positive on the NSE with 774 gainers against 321 loser 

ECONOMY ANALYSIS
 Sensex strong, Midcap & Smallcap outperform; JSPL up 8%
 JP Associates falls 3% as loss widens in Q3; analysts wary 6
 Bank of India Q3 profit seen up 40% to Rs 818.6 cr: Poll
 Deepak Fertilizers Q3 PAT slips 98% to Rs 1.2 cr
 Godrej Industries Q3 profit rises 39% to Rs 90.7 cr
 Essar Oil Q3 profit falls 78% to Rs 52 cr on inventory loss

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