Daily Market Update(1/7/2013)

                                                   ECONOMY ANALYSIS
BSE Sensex rallies 520 pts, Nifty ends nearly 160 pts up as CCEA
approves gas price hike

 Aurobindo Pharma gets tentative nod for HIV treatment drug

 Govt clears YES Bank's proposal to raise Rs 2,650 cr

 IT shares drop on US immigration bill, Accenture outlook cut

ONGC, Oil India, RIL up after CCEA approves gas price hike

                                                  MARKET ANALYSIS
The Nifty began the first day of July series with a bang and closed nearly
150 points up as sentiment turned bullish following government's approval
for gas price hike.

 The 50-share index ended at 5,842.2, up 159.85 points or 2.81%. It
touched a high of 5,852.95 and a low of 5,749.50 in trade today.

 The S&P BSE Sensex closed at 19,395.81, up 519.86 points or 2.75%. It
touched a high of 19,432.94 and a low of 19,093.18 in trade today.

 Jindal Steel (7.40 per cent), BHELBSE 6.90 % (7.33 per cent), Reliance
Infrastructure (6.53 per cent), BPCLBSE 5.74 % (6.32 per cent), Tata
PowerBSE 5.71 % (6.20 per cent) and Reliance IndustriesBSE 3.78 %
(3.67 per cent) were among the top Nifty gainers.

HCL Tech (2.81 per cent), Ranbaxy LaboratoriesBSE -2.41 % (2.39 per
cent) and Hindustan UnileverBSE -0.67 % (0.54 per cent) were the only
index losers.
 The market breadth was positive on the NSE with 693 gainers against 190
losers.