MARKET ANALYSIS IN EQUITY FOR 16/AUG/2013

ECONOMY ANALYSIS
Veerappa Moily hints at 1 time diesel price hike
5% price hike soon, H2 looks good: Speciality Restaurants 
WPI inflation accelerates to 5.79% in July 
Escorts soars 20% on strong volume & margin growth in Q1 
No takers for Polaris's services biz: Sources 
Eurozone may exit from recession yet give little to cheer about



MARKET ANALYSIS
The Nifty extended its winning streak for the fourth consecutive session and closed at intermediate resistance level of 5,750, even as the WPI inflation rose to 5-month high. The July WPI inflation rose to 5.79 per cent in July 

The 50-share index ended at 5,750.70, up 51.40 points or 0.90 per cent. It touched a high of 5,754.55 and a low of 5,690.20 in trade today. 

The S&P BSE Sensex ended at 19,382.14, up 152.30 points or 0.79 per cent. It touched a high of 19,392.56 and a low of 19,203.63 in trade today.

The S&P BSE Capital goods Index was down 0.84 per cent, the S&P BSE IT Index was 0.26 per cent lower and the S&P BSE Healthcare Index slipped 0.06 per cent.

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