ECONOMY ANALYSIS
- Sensex surges over 300 points in pull-back rally, banks, IT gain
- HCL Technologies Q3 beats street, net up 8.5% to Rs 1624 cr
- Wipro Q4 revenue seen up 2%, Q1FY15 guidance likely at 2-4%
- Reliance Industries: Expect a flat earnings growth
- TCS slips 2%, recovers; Nomura cuts target price
- Rate cuts unlikely before March next: Bofa-ML
MARKET ANALYSIS
- The much talked about El Nino, which may affect India's South-West monsoon, may hit the FY15 GDP growth rate, push inflation higher and has the potential to slow down the bull party, say analysts.
- Although the current market euphoria is largely on account of growing prospects of NDA-led BJP forming the next government, a stable macro situation will be something which will keep the momentum going, they say.
- After a slow start, the S&P BSE Sensex managed to rally over 300 points in afternoon trade on Thursday, led by gains in ICICI BankBSE 3.25 %, Tata MotorsBSE 4.24 %, RILBSE 1.88 %, ITCBSE 2.11 % and InfosysBSE 1.06 %.
- Tracking the momentum, the 50-share Nifty index also managed to regain its crucial psychological level of 6700, supported by gains in IT, autos, metal, realty and banking stocks.
- The BSE Sensex closed the day at 22,628.84; up 351.61, or 1.58%.
- The 50-share Nifty index ended th day at 6,779.40; up 104.10 points, or 1.56%.
MAJOR INDICES
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
6779.40
|
351.61
|
1.58
|
NIFTY
|
6779.40
|
104.10
|
1.56
|
BANK NIFTY
|
12787.25
|
224.10
|
1.78
|
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