Friday, 20 December 2013

RESEARCHVIA ~ TODAY'S EQUITY TRADING TIPS 20/12/2013

ECONOMY ANALYSIS
  • India better prepared to deal with Fed tapering: Chidambaram
  • Cabinet to consider interest-free loan to sugar mills on Thursday
  • Making 20% profit margin in motorcycle biz: Eicher
  • JSW Steel’s main plant battling iron ore shortage
  • DLF completes 74% stake sale in life insurance JV to DHFL
  • World stocks rally on Fed decision to taper, bonds slip
MARKET ANALYSIS
  • The Nifty closed in the red but above the intermediate support level of 6,150 as traders booked profits in banks, capital goods, oil & gas and power stocks following the US Federal Reserve’s announcement on Quantitative Easing.

  • The 50-share index ended at 6,170.05, down 47.10 points or 0.76 per cent. It touched a high of 6,263.75 and a low of 6,150.70 in trade today.

  • The market breadth was negative on the NSE with 331 gainers against 464 losers.

  • The foreign institutional investors bought shares worth Rs 1198.6 crore while domestic institutional investors were net sellers worth Rs 413.01 crore on Wednesday as per the provisional data from the National Stock Exchange.
MAJOR INDICES

INDIAN MARKETS
INDEX                      CLOSE              CHANGE %                    CHANGE
SENSEX                  20708.62                -151.24                             -0.73
NIFTY                       6166.65                 -50.50                              -0.81
BANK NIFTY           11087.45               -270.45                             -2.38

US MARKET
INDEX                            CLOSE                          CHANGE
DOW FUTURES             16167.97                              292.71
NASDAQ FUTURES        4070.06                                46.38

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