Equity News(13/03/2015): The Nifty ended in the positive

Equity Mutual Funds advanced as the market snapped three-day losing streak on Thursday, reacting to the Indian economy growth forecast by International Monetary Fund (IMF). The 30-share BSE Sensex rose 271.24 points or 0.95 percent to 28930.41 and the 50-share NSE Nifty climbed 76.05 points or 0.87 percent to 8776. The BSE Midcap and Smallcap indices gained 1.2 percent and 0.9 percent, respectively. IMF on Wednesday raised its growth forecast for the current fiscal to 7.2 percent, even as it called for steps to revitalise the investment cycle and accelerate structural reforms in the country. The Indian rupee opened flat at 62.49 per dollar on Friday against previous day's closing value of versus 62.50 a dollar. The US dollar fell about half a percent, pausing its recent rally. The euro edged higher to 1.06 levels, up from 12-year lows.

MARKET ANALYSIS

• The Nifty ended in the positive land for the first time after three-day downtrend with the International Monetary Fund (IMF) raising its growth forecast for the current monetary to 7.2 percent.

• The 50-share catalog ended at 8,776, up 76.05 points or 0.87 percent. In trade it touched a high of 8,787.20 and a low of 8,732.90 on Thursday.

• The S&P BSE Sensex closed at 28,930.41, up 271.24 points or 0.95 percent. It touched a high of 28,971.01 and a low of 28,772.71.

• Cairn India (up 4.96 per cent), SesaBSE 3.63 % Sterlite (up 4.72 percent), NTPCBSE 3.54 % (up 3.74 per cent), HindalcoBSE 3.37 % (up 3.15 percent) and Sun PharmaBSE 2.46 % (up 2.78 per cent) were the among the index gainers.

• Tech MahindraBSE -2.13 % (2.21 per cent), M&M (1.57 per cent), Bajaj AutoBSE -1.01 % (1.36 per cent), Dr Reddy's Laboratories (1.17 per cent) and Coal IndiaBSE -1.23 % (1.03 per cent) were among the major Nifty losers.

• The market width was positive on the NSE with 914 gainers against 573 losers

ECONOMY ANALYSIS

• Sensex ends 271 points up, Nifty above 8,770; Sesa gains over 4%
• Spicejet gains over 13%; foreign airlines eye stake
• Jindal Stainless surges 11%; up 27% in two trades
• Feb CPI may inch to 5.26%; Jan IIP slowdown to 0.5%
• Bank of Korea joins global policy easing with surprise rate cut
• Ranbaxy merger: Sun Pharma readies new leadership team