Saturday, 1 March 2014

Equity Trading Tips for March 3 ,2014

ECONOMY ANALYSIS
    • BSE Sensex gains 133 pts, Nifty ends above 6250; Hindalco up 7%
    • IOC stake sale at 10% discount; govt to get Rs 5,300 cr
    • Q3 FY14 GDP seen flat at 4.8%; services may rise: CNBC-TV18 Poll
    • ITI soars 6% on hopes of getting another revival package
    MARKET ANALYSIS
    • The S&P BSE Sensex provisionally closed near its 5-week high on Friday, led by gains in TCS, Tata Motors, Sun Pharma and ONGC.
    • The index touched its highest intra-day level since Jan. 24 of 21,140.51. The Sensex last closed above 21k was last month, at 21,133.56 on January 24.
    • Gains supported by consistent foreign fund inflow as overseas investors have been net buyers of cash shares in each of the previous 10 sessions, with inflows totalling around $600 million, exchange and regulatory data show, said a Reuters report.
    • The 50-share index provisionally closed at 6276.95, up 38 point or 0.61 per cent. It touched a high of 6,282.70 and a low of 6,228.10 in trade today.
    • The S&P BSE Sensex ended at 21,076.27, up 89 points or 0.43 per cent. It touched a high of 21,140.51 and a low of 20,989.66 in trade today. 
    MARKET INDICES

    INDIAN MARKET

    INDEX
    CLOSE
    CHANGE
    % CHANGE
    SENSEX
    21120.12
    133.13
    0.63
    NIFTY
    6276.95
    38.15
    0.61
    BANK NIFTY
    10764.70
    34.30
    0.32

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