ECONOMY ANALYSIS
Nifty ends above
8850, Sensex up 184 pts; Hero Moto falls 5%
Tata Motors up 2%
despite weak JLR Jan sales; MS overweight
BMW i8 hybrid
electric super car launched in India at Rs 2.29
crore
Indian stocks not
compelling; crude can jump 15-20%: Faber
A 25% rise in defence
output to create 1 lakh jobs: PM Modi
MARKET ANALYSIS
- The Nifty extended its winning streak for sixth straight session in a pull- back rally ahead of the Union Budget. Capital goods, IT and power led today's gains while oil & gas, metals and realty sectors showed resistance.
- The 30-share Sensex ended at 29,298.19, up 162.31 points or 0.56 percent. It touched a high of 29,411.32 and a low of 29,126.91 in trade today.
- The 50-share index ended at 8,866.30, up 56.95 points or 0.65 percent. It touched a high of 8,894.30 and a low of 8,808.90 in trade today.
- HDFC (up 2.74 percent), ACC (up 2.72 percent), HCL Tech (up 2.68 percent), Tata PowerBSE 2.50 % (up 2.38 percent) and TCS (up 2.14 percent) were among the top Nifty gainers.
- Hero MotoCorpBSE -5.09 % (4.90 percent), DLF (3.99 percent), Sesa Sterlite (3.38 percent), ONGC (2.36 percent) and Bharti AirtelBSE -2.43 % (2.31 percent) were among the index losers.
- The market breadth was positive on the NSE with 893 gainers against 598 losers.
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