Monday, 9 June 2014

Equity Trading Tips for June 09,2014

ECONOMY ANALYSIS
 Sensex, Nifty hit record high; Oil & Gas, Realty gain 5%
 ONGC at record high, up 9.5% on natural gas price hike hope
 Sugar stocks rally 5-17% on hopes of import tax hike
 Infosys falls 2.5%, senior VP Prasad Thrikutam resigns
 Signals, roadmaps to be watched in Jaitley's maiden Budget
 Tea prices set to climb as poor weather hurting output


MARKET ANALYSIS
 The S&P BSE Sensex rallied 400 points to touch its fresh lifetime high of
     25,419.14 in trade on Friday. Tracking the momentum, as much as 773
     stocks rose to their fresh 52-week high on the Bombay Stock Exchange.
 The 50-share Nifty index also rose over 100 points to touch its fresh
     record high of 7592.70 and as much as 449 stocks rose to their fresh 52-
     week high on the National Stock Exchange.
 Following the momentum, as much as 13 stocks out of 50 rose to their
     fresh 52-week high on the NSE index which include names like Axis
     BankBSE 1.39 %, Cairn India LtdBSE 2.31 %, HindalcoBSE -0.32 %,
     DLF, Jindal Steel & Power, NMDCBSE -1.45 %, NTPCBSE 0.70 %,
     SesaBSE -2.53 % Sterlite etc.
 The S&P BSE Sensex finally closed 376.95 points higher or 1.51 per cent
     at 25,396.46 to a fresh closing high. Following the momentum as much as
     8 stocks rose to their fresh 52-week high on the BSE Sensex which
     includes names like Axis Bank, Hindalco, L&T, NTPC, ONGCBSE 10.57
     %, Sesa Sterlite, Tata PowerBSE 1.00 % and Tata Steel LtdBSE 0.93 %.



No comments:

Post a Comment