TRADING-TIPS-ON-EQUITY-13/02/2015

Daily Market Analysis Describe As

• Economy Analysis And
• Market Analysis

ECONOMY ANALYSIS
 Nifty ends above 8700, Sensex up 271 pts; BHEL gains 5%
 Hindalco Q3 profit up 7.5% to Rs 359 cr, misses forecast
 ONGC to pay Rs 8.7K cr subsidy as FinMin gives only Rs 5,085cr
 Bank of India Q3 profit tanks 70.4%, provisions increase
 India Cements up 17%, transfers Chennai Super Kings to arm
 Nikkei closes at highest level in 7.5 years

MARKET ANALYSIS 

Domestic shares rallied around 1 per cent, in a sharp turnaround from earlier mild losses after the leaders of Germany, France, Russia and Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in global markets.

The developments helped overcome earlier falls by bank shares over concerns that the country's largest lender, State Bank of IndiaBSE -0.56 % may post lower-than-expected December-quarter earnings on Friday.

The NSE's Nifty index rose 0.98 per cent to 8,711.55, marking its third consecutive daily gain, after earlier falling as much as 0.33 percent.

The BSE Sensex rose 271 points, or 0.95 percent, to 28,805.10.

Gains were led by drugmakers such as Dr Reddy's Laboratories Ltd and Cipla LtdBSE 4.07 %, which have a significant exposure to the Russian market.

Dr. Reddy's gained 5.7 per cent, while Cipla ended 3.8 percent higher.

Lenders even reversed earlier falls, with ICICI BankBSE 1.39 % ending up 1.3 percent after earlier falling as much as 1.4 per cent. But State Bank of India fell 0.6 percent.