Tuesday, 24 December 2013

REVIA ~ EQUITY TRADING TIPS FOR TODAY 24/DEC/2013

ECONOMY ANALYSIS
  • Deal pipeline better; will do well in 2014: Tech Mahindra
  • Disappointed with deallocation of coal blocks by govt: JSPL
  • Corp bond mkt can reach 15% of GDP in 12th Plan: CII
  • Import duty on rubber hiked to check sliding domestic price
  • Equities may be best asset class over 3 years: DSP BlackRock
  • Intel using robots to help you with smart devices
MARKET ANALYSIS
  • The Nifty gave away most of the day’s gain to close on a flat-to-positive note in absence of cues from global peers and as traders booked profits after the recent rally. The trade is expected to remain rangebound in the near term as most of the global investors will be away on year-end vacation, say dealers.

  • The 50-share index closed at 6,284.50, up 10.25 points or 0.16 per cent. It touched a high of 6,317.50 and a low of 6,266.95 in trade today.

  • The Sensex ended at 21,101.03, up 21.31 points or 0.10 per cent. It touched a high of 21,207.89 and a low of 21,059.12 in trade today.

  • The foreign institutional investors bought shares worth Rs 990.19 crore while domestic institutional investors were net sellers worth Rs 247.95 crore on Friday as per the provisional data from the National Stock Exchange.

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