Thursday, 26 June 2014

Equity Trading Tips for June 26,2014

ECONOMY ANALYSIS
 Sensex, Nifty end flat; autos zoom on extension of lower tax
 Muthoot, SKS Fin, Manappuram up 4-8% on RBI's NBFC norms
 Sebi orders close scrutiny of AstraZeneca India delisting
 Govt to slap additional penalty of $578 mln on Reliance Industries
 Infosys addresses performance woes; to have dedicated US-team
 Jaitley extends excise cut for Auto, Cap Goods till Dec 31


MARKET ANALYSIS
 The S&P BSE Sensex ended a lackluster session in the red as traders
     squared off long positions ahead of the June series F&O expiry. Gains in
     auto, pharmaceuticals and IT were offset by losses in capital goods, banks
     and oil & gas sectors.
 The 30-share index ended at 25,313.74, down 55.16 points or 0.22 per
     cent. It touched intraday high of 25,427.80 and a low of 25,274.39 in trade
     today.
 The Nifty closed at 7,569.25, down 10.95 points or 0.14 per cent. It
     touched intraday high of 7,589.25 and a low of 7,557.05 in trade today.
 The market breadth was positive on the BSE with 1680 gainers against
     1341 losers.
 The foreign institutional investors bought shares worth Rs 284.61 crore
     while domestic institutional investors were net sellers worth Rs 216.17
     crore on Tuesday as per the provisional data from the National Stock
     Exchange.



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