MARKET SUMMARY FOR 22 MAY 2015

CALLS GIVEN ON 21 MAY 2015

IDEA CALL ROCKS..!!!!! ACHIEVED TGT 166 AND MADE A LOW OF 165.50 TOTAL PROFIT 10000 IN JUST ONE LOT

FUTURE:

“BUY SUNPHARMA ABOVE 1000 TGT 1025 SL 975”

“BUY MINDTREE ABOVE 1450 TGT 1500 SL 1400”

The Sensex rallying 148 points on Friday to 27957.50, and the Nifty up 38 points to 8459. Sensex ends 148 points higher; Nifty above 8450; SBI loses steam on higher restructured loans. The stock markets closed at their 4-week highs, with the benchmark Sensex ending the day with gains of 148 points. The broader Nifty added 38 points to finish off at 8,459, as investors appear to be buying equities on comfort that the RBI may ease rates in June, while the US Federal Reserve may not raise rates any time soon.Top Gainers are Sun Pharma(2.3%); HDFC(1.9%); TCS(1.7%) and Top Losers are Wipro (-1.2%); Hindalco (-1.1%); Vedanta (-0.9%)
TODAY RESULTS

ITC falls by 0.2% and  Q4 net seen up 10%, Cigarette volumes are expected to decline by 9-10 percent, similar to what was seen in last quarter. ITC March quarter results on May 22. the FMCG major is likely to post a net profit of Rs 2,507 crore, up 10.1 percent from Rs 2,278 crore in corresponding quarter last fiscal. Total income, during the quarter is likely to rise 5.3 percent at Rs 9,730 crore compared to Rs 9,239 crore year-on-year. EBITDA is seen up 8.1 percent at Rs 3,462 crore versus Rs 3,203 crore year-on-year. while operating profit margins may jump 90 basis points at 35.6 percent against 34.7 percent on yearly basis.

SBI falls by 2.6% and Q4 net rises 23% to Rs 3742 cr, asset quality improves Gross non-performing assets (NPA) was at 4.25 percent versus 4.90 percent quarter-on-quarter while net NPA stood at 2.1 percent against 2.8 percent sequentially. State Bank of India 's March quarter earnings have beaten estimates with net profit rising 23.1 percent to Rs 3742 crore from Rs 3040.7 crore in corresponding quarter last quarter. Net interest income during the quarter rose 14 percent to Rs 14,712 crore compared to Rs 12,903 crore year-on-year. 

TOP GAINERS AND LOSERS ARE:

Sectors		Change %		Top Gainer/losers Company
Finance		2.33 %		H D F C
IT - Software		1.21 %		TCS
Gas Distribution		1.18 %		GAIL (India)
Pharmaceuticals		1.03 %		Sun Pharma.Inds.
Infrastructure Developers & Operators		0.92 %		Larsen & Toubro
Crude Oil & Natural Gas		0.82 %		O N G C
Cement		-2.01 %		UltraTech Cem.
Non Ferrous Metals		-1.58 %		Hindalco Inds.
Telecomm-Service		-1.05 %		Idea Cellular
Textiles		-0.95 %		Grasim Inds
Mining & Mineral products		-0.40 %		Vedanta
Steel		-0.28 %		Tata Steel