DAILY MARKET ANALYSIS 27 NOV 2015

ECONOMY ANALYSIS
 Sensex ends 182 pts higher, Nifty50 above 7,850
 

 Trai floats paper to fix 2G, 3G, 4G reserve price
 

 Sunil Mittal will take pay cut for undertrials
 

 Nitish Kumar announces liquor ban in Bihar from April 1 | Liquor stocks fall
 

 USFDA gives Dr Reddy's more time to reply

MARKET ANALYSIS
 The market rebounded after a fall in previous two consecutive sessions, closing the November F&O expiry above 7850 level on hopes of passage of Goods & Services Tax (GST) Bill in Winter Session of Parliament. Positive global cues and short covering on expiry day also pushed market higher today but November series was disastrous for the market. Equity benchmarks closed near to their psychological levels (7900 on the Nifty and 26000 on the Sensex). The 30-share BSE Sensex was up 182.89 points or 0.71 percent at 25958.63 and the Nifty rose 52.20 points or 0.67 percent to
7883.80.
 

 Sun Pharma gained 4 percent after the company and its subsidiary dropped their plan to invest in wind energy business. Brokerages upgraded the stock after a sharp fall in November. With upgrading stock to buy and revising price target to Rs 815, JM Financial believes that current stock price largely factors in negatives like Halol warning letter. Barclays has upgraded Sun Pharma to overweight from equalweight, given the favorable rise reward following the 40 percent share price decline from its peak in April 2015.

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