Thursday, 19 June 2014

Equity Trading Tips for June 19,2014

ECONOMY ANALYSIS
 Sensex loses 275 pts, Nifty ends weak; Cipla, Maruti, Hindalco
     gainers
 Reliance to invest Rs 1.8 lakh crore in next 3 years
 Rail stocks zoom 5-10% on buzz of fare & freight hike
 Adani Group aims to raise $2.5bn via QIP route
 Political change in India, China news spurs spike in Q2 Asia


MARKET ANALYSIS
 The bulls faced stiff resistance in a pullback attempt after the Sensex
     corrected 495 points from day's high on concerns over the ongoing
     violence in Iraq.
 According to latest reports, the ISIS militants are pretty close to the capital
     city of Baghdad. Cautious traders didn't take any chances and sold rate-
     sensitives and oil & gas stocks at higher levels.
 The 30-share index ended at 25,246.25, down 274.94 points or 1.08 per
     cent. It touched intraday high of 25,609.28 and a low of 25,114.30 in trade
     today.
 The Nifty closed at 7,558.20, down 73.50 points or 0.96 per cent. It
     touched intraday high of 7,663 and a low of 7,515.50 in trade today.
 The market breadth was negative on the BSE with 1388 gainers against
     164 losers.
 Foreign institutional investors sold shares worth Rs 48.02 crore while
     domestic institutional investors were net sellers worth Rs 236.79 crore on
     Tuesday as per the provisional data from the National Stock Exchange.



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