Tuesday, 3 February 2015

DAILY MARKET ANALYSIS FOR 03/02/2015

ECONOMY ANALYSIS
 Nifty ends below 8800, Sensex weak; Axis up 5%, ITC & HUL fall 2%
 Bharat Forge Q3 profit more than doubles to Rs 196.3 cr
 Sun Pharma, Ranbaxy at new high on USFTC conditional nod
 CLSA begins coverage on Adani Ent with 'buy' on recast plan
 Maruti Jan sales rise 13.7%, Tata Motors posts 5% growth

http://www.researchvia.com/free-trials/
MARKET ANALYSIS
 The pull-back attempt on the S&P BSE Sensex, following media reports
     that the government may defer GAAR by two years, didn't last long. The
     benchmark closed in the red for second straight session led by losses in
     FMCG, metals and oil & gas sectors.
 The 30-share index closed at 29,133.43, down 49.52 points or 0.17 per cent.
     It touched a high of 29,268.13 and an intraday low of 28,958.52 in trade
     today.
 Axis Bank (up 5.44 per cent), Hindalco (up 3.83 per cent), Wipro (up 3.18
     per cent), L&T (up 1.76 per cent) and GAIL (up 1.70 per cent) were among
     the Sensex gainers.
 Bharti Airtel (3.42 per cent), Dr Reddy's Laboratories (3.06 per cent), HUL
     (2.44 per cent), ICICI Bank (2.40 per cent) and ITC (1.97 per cent) were
     among the index losers.
 The market breadth was positive on the BSE with 1,614 gainers against
     1,300 losers.



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