ECONOMY ANALYSIS
- YES Bank Q3 net profit up 21% to Rs 415 cr, NPA doubles
- Dec WPI inflation eases to 5-month low 6.16%
- Is govt forcing Indian Oil sale down Oil India’s throat?
- Add high-beta stocks to portfolio, better times ahead: BNP
- Worst is behind, things to improve from April
- GST: India Inc wants implementation, BJP says it can
- Coal India jumps 5% on special dividend of Rs 29/sh
MARKET ANALYSIS
- The S&P BSE Sensex hit fresh intraday high and surged over 250 points led by rally in banks after the December WPI inflation eased to 6.16 per cent vs 7.52 per cent in November.
- The WPI inflation is at its lowest since July 2013 following sharp decline in primary articles inflation as food inflation eased. Manufactured inflation was stable on month-on-month basis.
- The easing inflation has raised market hopes that the Reserve Bank of India might continue to maintain its status quo on interest rates at its next meet.
- The foreign institutional investors sold shares worth Rs 260.88 crore while domestic institutional investors were net sellers worth Rs 97.93 crore on Tuesday as per the provisional data from the National Stock Exchange.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 21289.49 256.61 1.22
NIFTY 6320.90 79.05 1.27
BANK NIFTY 11125.40 176.50 1.61
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 16373.86 115.92
NASDAQ FUTURES 4183.02 69.72
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