16/02/2015 EQUITY REPORT

DAILY MARKET ANALYSIS 

ECONOMY ANALYSIS

 Sensex closes above 29000, up 290 pts post SBI, M&M Q3 nos

 SBI Q3 profit rises 30%, provisions up 26%, asset quality improves

 BPCL reports Q3 profit Rs 551 cr, inventory loss Rs 1600 cr

 M&M Q3 net up 5.7% to Rs 967 cr, operating profit down 25%

 After Jan CPI, March rate cut won't be surprising

MARKET ANALYSIS

 The S&P BSE Sensex extended its pull-back rally for third consecutive session on hopes of a reformist budget this month. Some stability in global markets is also providing support to the indices. According to analysts, the market may go on to touch all-time by month end.

 The 30-share index ended at 29,094.93, up 289.83 points or 1.01 percent. It touched a high of 29,154.67 and a low of 28835.70 in trade today.

 The Nifty closed at 8,805.50, up 1.08 percent. It touched a high of 8,822.10 and a low of 8,729.65 in trade today.

 SBI (up 7.96 percent), M&M (up 4.94 percent), TCS (up 3.18 percent), Coal India (up 2.37 percent) and WiproBSE 2.15 % (up 2.10 percent) were among the top Sensex gainers.

 GAIL (4.08 percent), BHELBSE -3.12 % (3.12 percent), ONGC (1.96 per cent), HDFC Bank BSE -1.09 % (1.19 percent) and Infosys BSE -0.82 % (0.88 percent) were among the index losers.

 The market breadth was flat on the BSE with 1,453 gainers against 1,420 losers.