Thursday 21 August 2014

Equity Trading Tips for August 21, 2014

ECONOMY ANALYSIS
Sensex, Nifty end low on profit booking; Reliance falls 1%

Glenmark Pharma at new high, up 4% on foray into oncology

MCF up 6%, Deepak Fert gets CCI nod to buy more stake in co

Nipped FD scam in bud; recovered Rs 110 cr: OBC

GAIL told to cut gas from non-priority sectors

Govt plans to stop RIL from selling crude to Jamnagar


MARKET ANALYSIS
The 50-share Nifty witnessed a choppy session today after hitting fresh record highs in morning trade on Wednesday, led by losses in ONGC, PNBBSE - 0.68 %, Bank of BarodaBSE -0.82 %, IDFC and GAIL.

Tracking the momentum, the S&P BSE Sensex also closed in red, led by losses in FMCG, auto, realty and capital goods stocks.

The 50-share index closed at 7,875.30, down 22.20 points or 0.28 per cent. It touched an all-time high of 7,922.70 and a low of 7,864.05 in trade today.

The S&P BSE Sensex ended at 26,314.29, down 106.38 points or 0.40 per cent. It touched a high of 26,504.52 and a low of 26,277.61 in trade today.



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