MARKET ANALYSIS
The Nifty witnessed a roller-coaster ride on the Delhi election verdict day and finally closed on positive terrain for the first time after seven days of decline. All major sectoral indices, barring IT and pharmaceuticals, ended in positive terrain, with banks, metals and auto leading the decline.
The next major event for the market is the Union Budget on February 28.
The 50-share index ended at 8,565.55, up 39.20 points or 0.46 percent. It touched a high of 8,646.25 and a low of 8,470.50 in trade today.
The S&P BSE Sensex ended at 28,350.56, up 123.17 points or 0.44 percent. It touched a high of 28,633.72 and a low of 28,044.49 in trade today.
Tata Motors (up 3.88 percent), ACC (up 3.85 percent), ICICI Bank (up 3.70 percent), SBI (up 3.67 percent) and Tata Steel (up 3.18 percent) were among the Nifty gainers.
TCS (2.68 percent), HCL Tech (2.64 percent), HDFC (2.40 percent), Sun Pharma (1.96 percent) and Tech Mahindra (1.96 percent) were among the index losers. The market breadth was negative on the NSE with 549 gainers against 551 losers.
ECONOMY ANALYSIS
Nifty ends at 8565, Sensex strong; Tata Motors, ICICI up 4%
Delhi Polls: Bedi apologises for losing, Kejriwal to take oath on Feb 14
NASSCOM pegs FY15 IT sector growth at 13%
Hindalco up 5% as subsidiary Novelis Q3 profit grows 250%
ABB Q4 net rises 42% on strong execution, operating profit
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