Tuesday 20 January 2015

HUL Q3 profit jumps to 18 percent Equity Report

ECONOMY ANALYSIS
  • HUL Q3 profit jumps to 18 percent to Rs 1252 Cr, volume growth at 3 percent 
  • Nifty closed at 8551, Sensex upward 140 pts; HUL tanks 5 percent post Q3 
  • Reliance key projects to double EBITDA
  • Earnings key to market gains profit even if macro improves: Vetri 
  • Won't contribute to the government's subsidy burden in Q3, Q4: GAIL 
  • PM, Modi promises reforms 'at top speed' -0.28 percent

MARKET ANALYSIS
  • Earnings by blue chips such as ITCBSE -0.25 percent on Wednesday and ECB's decision on its widely anticipated quantitative easing program on Thursday are seen as the next key triggers. 
  • NSE index increased for a third consecutive session on Monday to mark its biggest level in nearly 1-1/2 months as WiproBSE 5.26 percent burst on strong earnings while lenders gained profit on constantly optimism the central bank's surprise rate cut last week would revive credit growth. 
  • NSE index ended 0.5 %higher, after earlier touching its biggest intraday level since Dec. 5. 
  • NSE bank index increased as much as 1.1 percent to a record max of 19,434.20 after the Reserve Bank of India cut interest rates by 25 basis points on Thursday.

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