ECONOMY ANALYSIS
Record high again: Sensex ends above 28000, Nifty at 8383
October CPI seen at 5.63%, Sept IIP at 2%
Oil India Q2 profit falls 33% to Rs 608 cr on lower revenue
Tata Motors, M&M shares gain post price hike
Tata Steel Q2 net seen down 35%, EBITDA may rise 10%
MARKET ANALYSIS
After rallying over 200 points in intraday trade, the Sensex lost momentum in
late trade, but enthused investors as it closed above the crucial 28,000-mark.
The Sensex closed the day at 28,008.9, up 98.84 points. The Nifty ended the
day at 8,383.30, up 20.6 points.
Benchmark indices, namely the Sensex & the Nifty, have rallied over 32 per
cent so far in the year 2014, but a similar performance next year might be a
little difficult as a lot of positives are already being factored in the price, say
analysts.
Most analysts expect the market to rally probably by 10 per cent to 15 per
cent, while some even expect a negative or flat return for the year 2015.
On Tuesday, global investment bank UBS recommended a target of 9,600 on
the Nifty by end-2015, which presents an upside of nearly 15 per cent from
current levels. That is half of what the markets delivered in the year 2014.
They remain bullish on Indian equities for the year 2015 considering the fact
that the economic growth recovery is underway, which will sustain current
valuations.
Record high again: Sensex ends above 28000, Nifty at 8383
October CPI seen at 5.63%, Sept IIP at 2%
Oil India Q2 profit falls 33% to Rs 608 cr on lower revenue
Tata Motors, M&M shares gain post price hike
Tata Steel Q2 net seen down 35%, EBITDA may rise 10%
MARKET ANALYSIS
After rallying over 200 points in intraday trade, the Sensex lost momentum in
late trade, but enthused investors as it closed above the crucial 28,000-mark.
The Sensex closed the day at 28,008.9, up 98.84 points. The Nifty ended the
day at 8,383.30, up 20.6 points.
Benchmark indices, namely the Sensex & the Nifty, have rallied over 32 per
cent so far in the year 2014, but a similar performance next year might be a
little difficult as a lot of positives are already being factored in the price, say
analysts.
Most analysts expect the market to rally probably by 10 per cent to 15 per
cent, while some even expect a negative or flat return for the year 2015.
On Tuesday, global investment bank UBS recommended a target of 9,600 on
the Nifty by end-2015, which presents an upside of nearly 15 per cent from
current levels. That is half of what the markets delivered in the year 2014.
They remain bullish on Indian equities for the year 2015 considering the fact
that the economic growth recovery is underway, which will sustain current
valuations.
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