MARKET SUMMARY FOR 27 MAY 2015

Sensex, Nifty end  flat because ahead of F&O expiry ,banks lead gainers Banking majors like HDFC Bank, Axis Bank, ICICI Bank and State Bank of India rallied 1-2 percent ahead of RBI policy meet (on June 2). Reuter’s poll indicated that the RBI may cut repo rate by 25 basis points to 7.25 percent. It was a consolidation day for the market on Wednesday ahead of expiry of May derivative contracts (on Thursday) and after seeing sell-off in previous two sessions. Banks were the lead gainers today followed by FMCG, capital goods and oil stocks. The 30-share BSE Sensex gained 33.25 points at 27564 while the Nifty declined 4.75 points to 8334 after hitting an intraday low of 8277. And Wockhardt rose over 11 percent intraday on Wednesday. US Food and Drug Administration (FDA) has completed inspection of the drug manufacture’s Waluj facility yesterday.  and  Tata Motors  fell 7 percent intraday on Wednesday after its March quarter earnings. Its Q4 profit plunged 56.2 percent year-on-year to Rs 1,716.5 crore, impacted by higher depreciation and marked-to-market un-matured hedges. Shares of  Tech Mahindra tanked 14 percent intraday on Wednesday after its disappointing March quarter earnings was announced.
TODAY RESULTS

GAIL falls by 1.6%. and Q4 profit falls 16% to Rs 510.75 cr GAIL India missed street expectations on Wednesday with the fourth quarter net profit declining 16 percent sequentially to Rs 510.75 crore, impacted by higher other expenses and loss at petrochemicals division. Total income from operations slipped 4.7 percent to Rs 14,270.62 crore during January-March quarter compared to Rs 14,969.41 crore in December quarter, said the country's largest gas transmission and marketing company in its filing. Profit was estimated at Rs 667.7 crore on revenue of Rs 14,154.8 crore for the quarter. Top gainers and losers are:

Sectors	Change %	Top Gainer Company
Capital Goods - Electrical Equipment	3.48 %	B H E L
Telecomm-Service	2.14 %	Idea Cellular
Crude Oil & Natural Gas	1.56 %	O N G C
Mining & Mineral products	1.07 %	NMDC
Banks	0.82 %	Axis Bank
IT - Software	-1.93 %	Tech Mahindra
Gas Distribution	-1.89 %	GAIL (India)
Steel	-1.41 %	Tata Steel
Cement	-0.85 %	ACC
Automobile	-0.84 %	Tata Motors