ECONOMY ANALYSIS
Sensex closes above 29000, up 290 pts post SBI, M&M Q3 nos
SBI Q3 profit rises 30%, provisions up 26%, asset quality
improves
BPCL reports Q3 profit Rs 551 cr, inventory loss Rs 1600 cr
M&M Q3 net up 5.7% to Rs 967 cr, operating profit down 25%
After Jan CPI, March rate cut won't be surprising
MARKET ANALYSIS
The S&P BSE Sensex extended its pull-back rally for third consecutive
session on hopes of a reformist budget this month. Some stability in global
markets is also providing support to the indices. According to analysts, the
market may go on to touch all-time by month end.
The 30-share index ended at 29,094.93, up 289.83 points or 1.01 per cent. It
touched a high of 29,154.67 and a low of 28835.70 in trade today.
The Nifty closed at 8,805.50, up 1.08 per cent. It touched a high of 8,822.10
and a low of 8,729.65 in trade today.
SBI (up 7.96 per cent), M&M (up 4.94 per cent), TCS (up 3.18 per cent),
Coal India (up 2.37 per cent) and WiproBSE 2.15 % (up 2.10 per cent)
were among the top Sensex gainers.
GAIL (4.08 per cent), BHELBSE -3.12 % (3.12 per cent), ONGC (1.96 per
cent), HDFC BankBSE -1.09 % (1.19 per cent) and InfosysBSE -0.82 %
(0.88 per cent) were among the index losers.
The market breadth was flat on the BSE with 1,453 gainers against 1,420
losers.
Sensex closes above 29000, up 290 pts post SBI, M&M Q3 nos
SBI Q3 profit rises 30%, provisions up 26%, asset quality
improves
BPCL reports Q3 profit Rs 551 cr, inventory loss Rs 1600 cr
M&M Q3 net up 5.7% to Rs 967 cr, operating profit down 25%
After Jan CPI, March rate cut won't be surprising
MARKET ANALYSIS
The S&P BSE Sensex extended its pull-back rally for third consecutive
session on hopes of a reformist budget this month. Some stability in global
markets is also providing support to the indices. According to analysts, the
market may go on to touch all-time by month end.
The 30-share index ended at 29,094.93, up 289.83 points or 1.01 per cent. It
touched a high of 29,154.67 and a low of 28835.70 in trade today.
The Nifty closed at 8,805.50, up 1.08 per cent. It touched a high of 8,822.10
and a low of 8,729.65 in trade today.
SBI (up 7.96 per cent), M&M (up 4.94 per cent), TCS (up 3.18 per cent),
Coal India (up 2.37 per cent) and WiproBSE 2.15 % (up 2.10 per cent)
were among the top Sensex gainers.
GAIL (4.08 per cent), BHELBSE -3.12 % (3.12 per cent), ONGC (1.96 per
cent), HDFC BankBSE -1.09 % (1.19 per cent) and InfosysBSE -0.82 %
(0.88 per cent) were among the index losers.
The market breadth was flat on the BSE with 1,453 gainers against 1,420
losers.
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