EQUITY DAILY MARKET ANALYSIS 18/03/2015

ECONOMY ANALYSIS

1. Sensex ends up 299 pts, Nifty at 8723 ahead of Fed meet
2. Just Dial to spend Rs 100cr on Search Plus mktg in FY16
3. FACT surges 20% on revival hopes; co says need Rs 2000 cr
4. IRB Infra up 2% on financial closure for Aurangabad project 6
5. Oil prices mixed in Asia, US crude near six-year lows
6. ECB's Draghi calls for quantum leap in European integration

MARKET ANALYSIS

• The S&P BSE Sensex snapped a two-day decline and closed nearly 300 points higher in a pullback rally on Tuesday led by gains in stocks of capital goods, FMCG and healthcare sectors. In the near term, the market will take cues from the comments of the US Federal Reserve on interest rate hike in the US.

• The 30-share index closed at 28,735.33, up 297.62 points or 1.05 percent. It touched a high of 28,784.35 and a low of 28,435.45 in trade today.

• The Nifty ended at 8,723.30, up 90.15 points or 1.04 percent. It touched a high of 8,742.55 and a low of 8,630.80 in trade today.

• Hindalco (up 5.75 per cent), Sesa Sterlite (up 4.02 per cent), Dr Reddy's Laboratories (up 3.53 per cent), HDFC (up 2.62 per cent) and Axis BankBSE 1.93 % (up 2.58 per cent) were the among the Sensex gainers.

• Infosys (1.10 per cent), Coal India (0.78 per cent), Tata Power (0.62 per cent), Bharti AirtelBSE -0.60 % (0.60 per cent) and Wipro (0.60 per cent) were among the index losers.

• The market breadth was positive on the BSE with 1374 gainers against 1437 losers.