MARKET ANALYSIS FOR 16/may/2013

ECONOMY ANALYSIS

Jet gets extension to meet Sebi's public shareholding norm

United Bank of India plans to raise Rs 1,000 cr via QIP

Bajaj Finance Q4 net spikes 52%, shares hit 52-wk high

Reliance Power to generate 2,640 MW more at Sasan plant in FY14

Heineken takes 3.2% stake in United Breweries

MARKET ANALYSIS

The S&P BSE Sensex and the Nifty extended intraday gains towards the end of the session on Wednesday and closed nearly 500 and 150 points higher respectively as foreign institutional investors pumped in dollars on hopes of interest rate cuts by the Reserve Bank of India at its policy meet next month.

The 30-share index registered its biggest gain in terms of points in at least one year to close at 20,215.30, up 493.01 points or 2.50 per cent. It touched a high of 20,241.96 and a low of 19,798.18 in trade today.

The Nifty closed at 6,142.25, up 146.85 points or 2.45 per cent. It touched a high of 6,157.10 and a low of 6,018.85 in trade today.

The S&P BSE Midcap Index was up 1.59 per cent and the S&P BSE Smallcap Index was 0.96 per cent higher.

Among the sectoral indices, the S&P BSE Banker surged 4.04 per cent, the S&P BSE Realty Index rallied 4 per cent, the S&P BSE Capital Goods Index gained 3.17 per cent, the S&P BSE Oil & Gas Index was up 2.22 per cent and the S&P BSE Auto Index was 2.05 per cent higher.

                                                         MAJOR INDICES
                                                        INDIAN MARKETS
            INDEX                 CLOSE                      CHANGE               % CHANGE 
           SENSEX              20212.96                        490.67                         2.49    
               NIFTY               6146.75                          151.35                        2.52 
     BANK NIFTY             13077.90                         494.30                        3.93



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