MARKET SUMMARY FOR 29 MAY 2015

Sensex, Nifty extend rally; Bharti Airtel, M&M top gainers Bharti Airtel topped the buying list up by 6 percent. Mahindra & Mahindra rallied 5 percent, reacting to Q4 earnings that matched street expectations. Equity benchmarks extended rally in last hour of trade with the Sensex rising 379 points or 1.8 percent to 27885 and the Nifty gaining 125 points or 1.8 percent at 8468. About 1405 shares have advanced, 1188 shares declined, and 161 shares are unchanged. Sensex ended the day at 27,828 up 321 points. The broader 50-share Nifty closed above the crucial mark of 8,400 @ 8,433 up by 114 points. 26 of the Sensex stocks ended the day in green. Sectorally, auto index was the top gainer, up 1.8%. Value buying, hopes of a rate cut from RBI on June 2 are said to the top reasons why Indian markets were on a roll today.

TODAY RESULTS

Sun Pharma up by 1.5 % and Q4 profit seen up 9.7%, sales rise 16%.Sun Pharmaceutical Industries's fourth quarter consolidated profit is likely to increase 9.7 percent year-on-year to Rs 1,659.85 crore, The numbers will be announced on May 29. Sun Pharmaceutical Industries  's fourth quarter consolidated profit is likely to increase 9.7 percent year-on-year to Rs 1,659.85crore,

IRB Infra up by 0.1% and the net profit at Rs 130 crore, up 18.7 percent in the January-March quarter compared to Rs 109 crore in year-ago period.the company's net sales may rise 19.9 percent at Rs 1,058 crore against Rs 883 crore in corresponding quarter last fiscal. IRB Infra will announce Q4FY15 results on May 29.top gainers and losers are:

Sectors	Change %	Top Gainer/losers Company
Textiles	3.87 %	Grasim Inds
Paints/Varnish	3.02 %	Asian Paints
Cement	2.80 %	Ambuja Cem.
Telecomm-Service	2.57 %	Idea Cellular
Tobacco Products	2.15 %	ITC
Refineries	2.10 %	B P C L
Non Ferrous Metals	-1.98 %	Hindalco Inds.