ECONOMY ANALYSIS
- Bulls on rampage: Nifty ends at 8494, Sensex soars 729 pts
- Bajaj Auto Q3 net profit falls 4.8% to Rs 861.2 cr
- TCS Q3 profit seen up 4%, FY16 outlook key: CNBC-TV18 poll
- UBI cuts base rate by 25 bps, says move will push credit
- DB Corp Q3 profit rises 11% to Rs 105.2 cr, meets forecast
MARKET ANALYSIS
- The S&P BSE Sensex closed 78.91 points lower on Wednesday, led by losses in ITC, ICICI Bank, Sesa Sterlite and Hindalco
- The index managed to bounce back after falling as much as 222 points in trade, after the government reported Wholesale Price Index (WPI) inflation data for the month of December which rose marginally to 0.11% versus 0% in November.
- Earlier this week CPI inflation moved up marginally to 5 percent in December as prices of some food items, including fruits and vegetables, increased.
- Tracking the momentum, the 50-share Nifty index also managed to bounce back from its intraday low, but closed below its crucial psychological level of 8300.
- The 30-share index closed at 27346.82, down 78 points or 0.29 percent. It touched a high of 27512.80 and a low of 27203.25 in trade today.
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