Friday 27 February 2015

28/02/2015 DAILY MARKET ANALYSIS ON EQUITY

ECONOMY ANALYSIS
 Bulls super charged for Budget: Banks lift Sensex 473 pts
 Rolta & BEL up 12-19% on BMS project from defence ministry
 ONGC most profitable CPSE, BSNL biggest loss-making
 Sebi, exchanges tighten vigil for Budget day trading
 Union Budget 2015: ITC slips 3%, fear of excise duty hike spook investors

MARKET ANALYSIS
  • It was a super run up to the Budget as bulls seem excited ahead of FM arun Jaitley's speech tomorrow. The Sensex was up 473.47 points or 1.6 percent at 29220.12,and the Nifty ended 160.75 points or 1.8 percent at 8844.60. About 1817 shares have advanced, 1065 shares declined, and 204 shares are unchanged. PSU banks lead the upmove while HDFC Bank twins, ICICI Bank and Axis Bank were top gainers in the Sensex. Among the losers were ITC, GAIL, Wipro and HUL.
  • The Sensex settled the day at 29,220.12, up 473.47 points. The broader 50- share Nifty closed at 8,844.60, up 160.75 points.
  • Realty and PSU banks led the market upmove today with the BSE Realty Index rising over 4 percent. All sectoral indices except FMCG are trading in green. ICICI Bank and L&T are top contributors to Nifty's gain.

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