ECONOMY ANALYSIS
Sensex surges over 300 points in pull-back rally, banks, IT gain
HCL Technologies Q3 beats street, net up 8.5% to Rs 1624 cr
Wipro Q4 revenue seen up 2%, Q1FY15 guidance likely at 2-4%
Reliance Industries: Expect a flat earnings growth
TCS slips 2%, recovers; Nomura cuts target price
Rate cuts unlikely before March next: Bofa-ML
MARKET ANALYSIS
The much talked about El Nino, which may affect India's South-West monsoon, may hit the FY15 GDP growth rate, push inflation higher and has the potential to slow down the bull party, say analysts.
Although the current market euphoria is largely on account of growing prospects of NDA-led BJP forming the next government, a stable macro situation will be something which will keep the momentum going, they say.
After a slow start, the S&P BSE Sensex managed to rally over 300 points in afternoon trade on Thursday, led by gains in ICICI BankBSE 3.25 %, Tata MotorsBSE 4.24 %, RILBSE 1.88 %, ITCBSE 2.11 % and InfosysBSE 1.06 %.
Tracking the momentum, the 50-share Nifty index also managed to regain its crucial psychological level of 6700, supported by gains in IT, autos, metal, realty and banking stocks.
The BSE Sensex closed the day at 22,628.84; up 351.61, or 1.58%.
The 50-share Nifty index ended th day at 6,779.40; up 104.10 points, or 1.56%.
Sensex surges over 300 points in pull-back rally, banks, IT gain
HCL Technologies Q3 beats street, net up 8.5% to Rs 1624 cr
Wipro Q4 revenue seen up 2%, Q1FY15 guidance likely at 2-4%
Reliance Industries: Expect a flat earnings growth
TCS slips 2%, recovers; Nomura cuts target price
Rate cuts unlikely before March next: Bofa-ML
MARKET ANALYSIS
The much talked about El Nino, which may affect India's South-West monsoon, may hit the FY15 GDP growth rate, push inflation higher and has the potential to slow down the bull party, say analysts.
Although the current market euphoria is largely on account of growing prospects of NDA-led BJP forming the next government, a stable macro situation will be something which will keep the momentum going, they say.
After a slow start, the S&P BSE Sensex managed to rally over 300 points in afternoon trade on Thursday, led by gains in ICICI BankBSE 3.25 %, Tata MotorsBSE 4.24 %, RILBSE 1.88 %, ITCBSE 2.11 % and InfosysBSE 1.06 %.
Tracking the momentum, the 50-share Nifty index also managed to regain its crucial psychological level of 6700, supported by gains in IT, autos, metal, realty and banking stocks.
The BSE Sensex closed the day at 22,628.84; up 351.61, or 1.58%.
The 50-share Nifty index ended th day at 6,779.40; up 104.10 points, or 1.56%.
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