DAILY MARKET ANALYSIS FOR 25/04/2013

ECONOMY ANALYSIS


HDFC Bank Q4 net up 30% at Rs 1890 cr, meets forecast

RCom ties up with Twitter to launch prepaid plan

Indiabulls Housing Finance FY13 net up 26% to Rs 1,266 cr

Yes Bank estimates FY14 GDP at 5.9%, sees 50bps cut by RBI 

Wipro sinks as Q4 revenue growth, Q1 guidance disappoint 

Airtel deal day: Buys Warid Uganda; inks pact with RIL

MARKET ANALYSIS


The Nifty pared intraday losses and closed flat on Tuesday ahead of April series F&O expiry as buying activity picked up in defensives like pharmaceuticals and technology sectors. 

The 50-share index closed at 5,835.30, up 0.90 points or 0.02 per cent. It touched a high of 5,844.30 and a low of 5,791.55 in trade today.

The S&P BSE Healthcare Index was up 0.65 per cent, the S&P BSE IT Index was 0.53 per cent higher and the S&P BSE Oil & Gas Index moved up 0.53 per cent. The S&P BSE Capital Goods Index was down 1.20 per cent, the S&P BSE Realty Index fell 0.86 per cent and the S&P Metal Index declined 0.42 per cent. 

Bajaj AutoBSE 2.40 % (2.93 per cent), Hero MotoCorpBSE 2.87 % (2.66 per cent), Sun PharmaBSE 2.51 % (2.58 per cent), Kotak BankBSE 2.11 % (2.14 per cent) and Grasim (1.76 per cent) were among the top Nifty gainers.

MAJOR INDICES 

                                                               INDIAN MARKETS
                            INDEX               CLOSE             CHANGE %          CHANGE
                            SENSEX            19179.36                9.53                   0.05
                            NIFTY                   5836.90                 2.50                  0.04
                            BANK NIFTY       12543.40            -32.80                 -0.26

  
                                                                ASIAN MARKETS

                          INDEX                         CLOSE             CHANGE
                          NIKKEI                        13529.65            38.72
                         STRAITS TIMES         3284.35               24.57
                         HANG SENG               21806.61            237.76
                         TAIWAN INDEX          7942.77               27.61
                         KOSPI                          1918.63               7.68




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