DAILY MARKET ANALYSIS UPDATES FOR AUGUST 17, 2015

ECONOMY ANALYSIS 

 Sensex soars 518pts, Nifty ends at 8518; SBI, Reliance up 3%

 July WPI worsens to -4.05%, rate cut hopes up

 BPCL Q1 net rises 95% to Rs 2376 cr; GRMs grow to $8.55/bbl

 Tatas to increase AirAsia India stake to 41%

 Jet Q1 net at Rs 222 cr on exceptional gain; income up 11%

 Oriental Bank of Commerce cuts lending rate by 0.1% EQUITY TRADING TIPS

MARKET ANALYSIS

 Braving against all odds, domestic markets today broke free from the bear grip after a long lull. The S&P BSE Sensex rose 517.78 points, or 1.88 per cent, to settle the session at 28,067.31.

 The broader 50-share Nifty barometer added 162.70 points, or 1.95 per cent, to close the day at 8,518.55.

 28 of the 30 Sensex stocks ended in the positive territory.

 Vedanta, ICICI Bank, HDFC, SBI and Reliance Industries were the top Sensex gainers, up over 3 per cent.

 Deflationary trends continued for the ninth month in a row in July with wholesale inflation plunging to a historic low of (-)4.05 per cent on cheaper vegetable and fuel, which may prompt RB I to cut interest rate ahead of the September 29 policy meet.

 The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 per cent in July.

Major European markets were trading with a positive bias. Britain's FTSE 100 wasup about 0.2 per cent, France's CAC 40 added rose with modest gains of 0.1 per cent, while German DAX also gained about 0.2 per cent. 

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