MARKET SUMMARY FOR 26 MAY 2015

FUTURE:

“SELL AMBUJACEM BELOW 227 TGT 220 SL 234”

“BUY TATASTEEL ABOVE 334 TGT 340 SL 328”

The market ended at lower levels. The Sensex was down 112 points or 0.4 percent at 27531 and the Nifty was down 30.90 points or 0.1 percent at 8352. About 1176 shares have advanced, 1482 shares declined, and 175 shares are unchanged.  After beating estimates by its March quarter results, BHEL ended with 5 percent gains. Coal India, Hero MotoCorp, Maruti and Bajaj Auto are top gainers in the Sensex. Among the losers are ONGC, Vedanta, Tata Motors, NTPC and Reliance. 8000 can be a great entry point on the downside. He is betting on banking and industrial stocks.
TODAY RESULTS

BHEL up by 5.1% and a net profit of Rs 888.4 crore in January-March quarter, down 52 percent from Rs 1,844.6 crore in year-ago period. Net sales, during the quarter, also slipped 16 percent to Rs 12,368.4 crore compared to Rs 14,755 crore year-on-year (Y-o-Y).
Tech Mahindra falls by 2.3% Q4 profit down 39%, the fourth quarter profit falling 39.2 percent sequentially to Rs 472 crore, dented by higher employee cost and other expenses. Tech Mahindra  missed street forecast on Tuesday with the fourth quarter consolidated profit falling 39.2 percent sequentially to Rs 472 crore.

Suven Life Sciences falls by 3.9%. Q4 profit dips 48% to Rs 17 crore .net profit of Rs 32.40 crore for the January-March period of the previous fiscal, 2013-14, net sales of the company stood at Rs 110.66 crore for the fourth quarter of last fiscal as against Rs 130.80 crore in the year-ago period.top gainers and losers are:

Sectors	Change %	Top Gainer and losers Company
Automobile	0.67 %	Hero Motocorp
Capital Goods - Electrical Equipment	3.12 %	Bhel
Gas Distribution	0.27 %	GAIL (India)
Banks	0.18 %	Bank of Baroda
Paints/Varnish	0.18 %	Asian Paints
Steel	0.06 %	Tata Steel
Capital Goods - Electrical Equipment	3.12 %	B H E L
Automobile	0.75 %	Hero Motocorp
Gas Distribution	0.37 %	GAIL (India)
FMCG	0.34 %	Hind. Unilever
Banks	0.32 %	Bank of Baroda