ECONOMY ANALYSIS
Sensex strong, Midcap & Smallcap outperform; JSPL up 8%
JP Associates falls 3% as loss widens in Q3; analysts wary 6
Bank of India Q3 profit seen up 40% to Rs 818.6 cr: Poll
Deepak Fertilizers Q3 PAT slips 98% to Rs 1.2 cr
Godrej Industries Q3 profit rises 39% to Rs 90.7 cr
Essar Oil Q3 profit falls 78% to Rs 52 cr on inventory loss
MARKET ANALYSIS
The domestic markets extended gains for second straight session as value-
buying picked in beaten down stocks after the recent correction. All the
sectoral indices closed in the green with capital goods, metals and pharma
stocks leading the rally.
The 50-share index ended at 8,627.40, up 61.85 points or 0.72 per cent. It
touched a high of 8,651.95 and a low of 8,593.65 in trade today.
The S&P BSE Sensex closed at 28,533.97, up 178.35 points or 0.63 per
cent. It touched a high of 28,618.91 and a low of 28,424.39 in trade today.
Jindal SteelBSE 5.96 % & Power (up 6.48 per cent), Tech MahindraBSE
3.06 % (up 3 per cent), Axis BankBSE 2.99 % (up 2.78 per cent), Asian
Paint (up 2.53 per cent) and NTPCBSE 2.44 % (up 2.52 per cent) were
among the top Nifty gainers.
ONGC (2.72 per cent), BHEL (2.29 per cent), Zee Entertainment (1.41 per
cent), Cairn India (1.10 per cent) and M&M (0.72 per cent) were among the
index losers.
The market breadth was positive on the NSE with 774 gainers against 321
loser
Sensex strong, Midcap & Smallcap outperform; JSPL up 8%
JP Associates falls 3% as loss widens in Q3; analysts wary 6
Bank of India Q3 profit seen up 40% to Rs 818.6 cr: Poll
Deepak Fertilizers Q3 PAT slips 98% to Rs 1.2 cr
Godrej Industries Q3 profit rises 39% to Rs 90.7 cr
Essar Oil Q3 profit falls 78% to Rs 52 cr on inventory loss
MARKET ANALYSIS
The domestic markets extended gains for second straight session as value-
buying picked in beaten down stocks after the recent correction. All the
sectoral indices closed in the green with capital goods, metals and pharma
stocks leading the rally.
The 50-share index ended at 8,627.40, up 61.85 points or 0.72 per cent. It
touched a high of 8,651.95 and a low of 8,593.65 in trade today.
The S&P BSE Sensex closed at 28,533.97, up 178.35 points or 0.63 per
cent. It touched a high of 28,618.91 and a low of 28,424.39 in trade today.
Jindal SteelBSE 5.96 % & Power (up 6.48 per cent), Tech MahindraBSE
3.06 % (up 3 per cent), Axis BankBSE 2.99 % (up 2.78 per cent), Asian
Paint (up 2.53 per cent) and NTPCBSE 2.44 % (up 2.52 per cent) were
among the top Nifty gainers.
ONGC (2.72 per cent), BHEL (2.29 per cent), Zee Entertainment (1.41 per
cent), Cairn India (1.10 per cent) and M&M (0.72 per cent) were among the
index losers.
The market breadth was positive on the NSE with 774 gainers against 321
loser
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