MARKET ANALYSIS FOR 06/May/2013

ECONOMY ANALYSIS

Credit policy: RBI cuts repo rate by 25 bps, holds CRR

Heidelberg's Q1 net down 81% on higher depreciation cost 

FinMin says 2013-14 GDP growth to be over 6% 

JSW Energy Q4 profit seen up 38% to Rs 311 cr 

SUV tax will compel modifying products to meet norm: M&M 

Bharti Airtel to sell 5% stake to Qatar Foundation; shrs up

MARKET ANALYSIS


The Sensex couldn't sustain intraday pull-back on Friday and closed near day's low as traders booked profits in rate sensitive sectors after the Reserve Bank of India cut the repo rate by 25 bps to 7.25 per cent and left the CRR unchanged at 4 per cent.

The 30-share index ended at 19,575.85, down 159.92 points or 0.81 per cent. It touched a high of 19,744.85 and a low of 19,542.63 in trade today. 

The Nifty closed at 5,943.45, down 55.90 points or 0.93 per cent. It touched a high of 6,000.30 and a low of 5,930.15 in trade today.

The S&P BSE Midcap Index was down 0.26 per cent and the S&P BSE Smallcap Index was 0.40 per cent lower.

Among the sectoral indices, the S&P BSE Bankex fell 2.43 per cent, the S&P BSE Realty Index was  1.53 per cent lower and the S&P BSE Auto Index declined 1.51 per cent. The S&P BSE Metal Index was up 1.48 per cent and the S&P BSE Capital Goods Index gained 0.88 per cent.
                                                             MAJOR INDICES
                                                            INDIAN MARKETS

                  INDEX                     CLOSE               CHANGE %             CHANGE
                  SENSEX                 19575.64             -160.13                        -0.81
                  NIFTY                       5944.00               -55.35                         0.92
                  BANK NIFTY           12393.60              -316.35                        -2.49



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