The market snapped a 5 day rally but ended positively. The Sensex rose 112 points and the Nifty rose 35 points, supported by gains in index heavyweights like Infosys, SBI, L&T and ICICI Bank. L&T surged 5.5% after forecasting higher growth. Most sectors ended higher with the exceptions of FMCG. Infosys gained over 3% to boost the technology index. Eurozone GDP was flat at 0.0% while Italy declined 0.8%. Asian markets ended mixed and gold futures were flat.

1. India-Global Market Summary 15-05-12
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Market snapped 5 day rally and ended on positive region.
Sensex was up 112.41 points to 16,328.25 points and Nifty up
surged 35 points to 4,942.80 points on market close
The rally was supported by the strong demand for index weight
stocks such as Infosys, SBI, L&T and ICICI bank.
L&T surged 5.5% after the company forecasted 15-20% growth
in its operational income for FY13
All the indices were ended on positive note except FMCG, which
was slightly ended lower. Capital Goods index was up 3% and
Metal was up 2.27%

2. • Technology index rallied above 1% with the support of
Infosys, which gained more than 3% on BSE and lined up
among the top gainers list today.
• Healthcare and Realty index rallied nearly 1%. Sun pharma
gained 3.20% and Sterlite Industries surged 3.16%
• Maruti Suzuki slipped 2.6% after the company reduced its
investment plans in Gujarat and Mehasana
• Everonn Education has posted a net loss of Rs.63.03 crore
for the March 2012 quarter as compared to the net profit of
Rs.26.2 crore in the corresponding period of the previous
financial year.
• Ashok Leyland has decided to invest Rs.4,150 crore in Tamil
Nadu to set up new facility to manufacture Light
Commercial Vehicle

3. • BPCL has hit 17 month high of Rs.739.60 per share after the
company said yet another well in the natural gas discovery block
located at offshore Mozambique has struck good quality
reservoir.
• IVRCL has secured an order worth Rs.652.65 crore from Andhra
Pradesh Government and various firms such as NBCC, Power
Grid Corporation and ONGC Petro Additions Limited.
• Mid cap and small cap indices were up 0.63% and 0.33% each
respectively on BSE.
• The overall market breadth was flat with 1,620 shares advanced
and 1,612 shares advanced on BSE.
• Indian rupee appreciated 17 paise to Rs.53.79 per dollar on
market close, supported selling off American dollar by public
sector banks

4. Global News
• Gross domestic product in the euro zone remained stable at
0.0% in the first quarter of 2012, compared to the prior
quarter
• Italy GDP declined by 0.8% QoQ while French GDP remained
flat at 0.00%.
• The data geared up recession fears amid investors. European
shares were seen on negative terrain during the last trade.
• Asian shares ended on mixed note. Hang seng rallied 0.81%
while Nikkei dipped 0.81% on market close.
• In the International market, investors were left with no idea
about the Greece political situation. The country, which has
failed in the last attempt to form a coalition Government, is
proposed to form a Technocrat Government- made up of
technical experts rather than politicians

5. Gold futures were trading on flat note at $1,561 an ounce after
the dollar value slipped in the overseas market.
Crude futures were down 6 cents to $94.70 per barrel in New
York.
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