PROFIT SUMMARY FOR 2 JUNE 2015

“FUTURE: BUY ZEEL ABOVE 328 TGT 333 SL 324”

Sensex ends day 661 points down or 2.37 percent at 27188.Nifty fell 196.95 points or 2.34 percent at 8,221, Bank Nifty at 17920. About 828 shares have advanced, 1860 shares declined, and 145 shares are unchanged. State Bank of India, Axis Bank, Hindalco Industries, ITC, Hero Motocorp and IndusInd Bank topped the selling list on Nifty, down 4 percent. Lupin and Bharti Airtel bucked the trend, up marginally.
RBI POLICY

The market has fallen sharply after RBI has kept cash reserve ratio (CRR) unchanged. RBI cuts repo rate by 25 bps; no change in CRR, SLR With retail inflation easing to a four-month low of 4.87 percent accompanied by a slowdown in industrial output to 2.1 percent, most economists and bankers were betting on a 25 bps rate cut. Governor Rajan said "Banks have started passing through some of the past rate cuts into their lending rates, headline inflation has evolved along the projected path, the impact of unseasonal rains has been moderate so far, administered price increases remain muted, and the timing of normalisation of US monetary policy seems to have been pushed back. With low domestic capacity utilization, still mixed indicators of recovery, and subdued investment and credit growth, there is a case for a cut in the policy rate today."
TOP GAINERS AND LOSERS ARE:

Sectors	Change %	Top Gainer/ Loser Company
Non Ferrous Metals	-3.78 %	Hindalco Inds.
Finance	-3.66 %	H D F C
Tobacco Products	-3.51 %	ITC
Paints/Varnish	-3.44 %	Asian Paints
Banks	-2.97 %	St Bk of India
FMCG	-2.72 %	Hind. Unilever
Textiles	-2.72 %	Grasim Inds
Entertainment	2.11 %	Zee Entertainmen
Telecomm-Service	0.09 %	Bharti Airtel