Tuesday 27 January 2015

EQUITY REPORT 28/01/2015

MARKET ANALYSIS
The Nifty extended its winning streak for eighth consecutive day and closed above 8,900 for the first time. It hit an all-time high earlier in the session on the back of dollar inflows on the hopes of economic recovery and improvement in earnings in the coming quarters.

The 50-share index ended at an all-time closing high of 8,910.50, up 74.90 points or 0.85 percent. It hit a record all-time intraday high of 8,925.05 and an intraday low of 8825.05 in trade today.

The S&P BSE Sensex ended at an all-time closing high of 29,571.04, up 292.20 points or 1 percent. It touched an all-time high of 29,618.59 and a low of 29,286.09 in trade today.

The market breadth was negative on the NSE with 706 gainers against 825
losers.

ECONOMY ANALYSIS
Nifty ends at 8910, Sensex up 292 pts; banks soar, ITC gains 3%
Union Bank Q3 net falls 8.1% on high provisions, NPA rises
Maruti Suzuki Q3 profit up 18% at Rs 802cr, misses forecast
Godrej Properties Q3 profit rises 26% on strong revenue

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