22nd January 2015 Equity Analysis

 

MARKET ANALYSIS

 

The market closed higher for the fourth consecutive session on Wednesday.
The 30-share BSE Sensex rose 104.19 points to 28888.86 while the 50-share NSE Nifty closed above the 8700 level for the first time, up 33.90 points or 0.39 percent at 8729.50.

About 1236 shares have advanced, 1710 shares declined, and 261 shares are unchanged on the BSE. HUL topped the buying list on Sensex, up 5.09 percent whereas ITC was the biggest loser, down 5 percent post disappointing volume growth in cigarettes business.

 

Bharti Airtel, Bank of Baroda, HDFC, PNB, Coal India, SBI and Infosys gained 2-4 percent whereas Cipla, Sesa Sterlite, Tata Steel, ONGC, Zee Entertainment and NMDC fell 1-3 percent
 

ECONOMY ANALYSIS

 Nifty ends above 8700 for 1st time; HDFC leads, ITC trips

 ITC Q3 profit up 10.5%, slow cigarette growth hurts revenue
 

 SpiceJet shares slump nearly 8% on fresh financial worries