Wednesday, 11 February 2015

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ECONOMY ANALYSIS
 Nifty ends at 8565, Sensex strong; Tata Motors, ICICI up 4%
 Delhi Polls: Bedi apologises for losing, Kejriwal to take oath on Feb 14
 NASSCOM pegs FY15 IT sector growth at 13%
 Hindalco up 5% as subsidiary Novelis Q3 profit grows 250%
 ABB Q4 net rises 42% on strong execution, operating profit

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MARKET ANALYSIS
 The Nifty witnessed a roller-coaster ride on the Delhi election verdict day
     and finally closed on positive terrain for the first time after seven days of
     decline. All major sectoral indices, barring IT and pharmaceuticals, ended
     in positive terrain, with banks, metals and auto leading the decline.
 The next major event for the market is the Union Budget on February 28.
 The 50-share index ended at 8,565.55, up 39.20 points or 0.46 per cent. It
     touched a high of 8,646.25 and a low of 8,470.50 in trade today.
 The S&P BSE Sensex ended at 28,350.56, up 123.17 points or 0.44 per
     cent. It touched a high of 28,633.72 and a low of 28,044.49 in trade today.
 Tata Motors (up 3.88 per cent), ACC (up 3.85 per cent), ICICI Bank (up
     3.70 per cent), SBI (up 3.67 per cent) and Tata Steel (up 3.18 per cent) were
     among the Nifty gainers.
 TCS (2.68 per cent), HCL Tech (2.64 per cent), HDFC (2.40 per cent), Sun
     Pharma (1.96 per cent) and Tech Mahindra (1.96 per cent) were among the
     index losers. The market breadth was negative on the NSE with 549 gainers
     against 551 losers.


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