Wednesday 23 July 2014

Equity Trading Tips for July 23, 2014

ECONOMY ANALYSIS
 Sensex ends above 26k; Bharti up 5%, Maruti & Axis fall
 Asian Paints Q1 profit rises 23% on strong revenue, EBITDA
 Thermax disappoints, Q1 profit falls 18%, order book drops
 GDP growth at 5.5% in Q1 current FY expected: SBI
 Over Rs 5,840 cr loss for airline industry in 2012-13'
 Ultratech Cement falls 3%, brokerages downgrade post Q1 nos


MARKET ANALYSIS
 The S&P BSE Sensex rallied over 300 points in trade on Tuesday to end
     above its crucial psychological resistance level of 26,000.
 The rally in the index was was led by gains in Reliance IndustriesBSE
     3.35 %, HDFC BankBSE 1.43 %, Bharti AirtelBSE 4.81 % and ITCBSE
     0.80 %.
 The BSE Sensex has rallied 3% in over six days to become world's top
     performing index, ET Now reported.
 Tracking the momentum, the 50-share Nifty index also managed to
     reclaim its crucial psychological level of 7750, supported by gains in
     realty, power, oil & gas and realty stocks.
 The BSE Sensex closed at 26,025.80 up 310.63 points. It hit a day high of
     26,050.38 and low of 25,780.39 in trade today.
 The 50-share Nifty index closed at 7,767.85 up 83.65 points. It hit a day
     high of 7,773.85 and low of 7,704.80 in trade today.



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