Friday, 13 February 2015

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ECONOMY ANALYSIS
 Nifty ends above 8700, Sensex up 271 pts; BHEL gains 5%
 Hindalco Q3 profit up 7.5% to Rs 359 cr, misses forecast
 ONGC to pay Rs 8.7K cr subsidy as FinMin gives only Rs 5,085cr
 Bank of India Q3 profit tanks 70.4%, provisions increase
 India Cements up 17%, transfers Chennai Super Kings to arm
 Nikkei closes at highest level in 7.5 years

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MARKET ANALYSIS
 Domestic shares rallied around 1 per cent, in a sharp turnaround from
     earlier mild losses after the leaders of Germany, France, Russia and
     Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in
     global markets.
 The developments helped overcome earlier falls by bank shares over
     concerns that the country's largest lender, State Bank of IndiaBSE -0.56 %
     may post lower-than-expected December-quarter earnings on Friday.
 The NSE's Nifty index rose 0.98 per cent to 8,711.55, marking its third
     consecutive daily gain, after earlier falling as much as 0.33 per cent.
 The BSE Sensex rose 271 points, or 0.95 per cent, to 28,805.10.
 Gains were led by drugmakers such as Dr Reddy's Laboratories Ltd and
     Cipla LtdBSE 4.07 %, which have a significant exposure to the Russian
     market.
 Dr. Reddy's gained 5.7 per cent, while Cipla ended 3.8 per cent higher.
 Lenders even reversed earlier falls, with ICICI BankBSE 1.39 % ending up
     1.3 per cent after earlier falling as much as 1.4 per cent. But State Bank of
     India fell 0.6 per cent.



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