Friday, 3 January 2014

RESEARCHVIA ~ EQUITY TRADING TIPS FOR 3/1/2014

ECONOMY ANALYSIS

Trai imposed Rs 5 cr fine in 2013 for service, pesky calls

MCX gains for fourth day; gold body ponders stake

Fiat strikes $4.35 billion deal to buy rest of Chrysler

BJP set to win all 26 Gujarat Lok Sabha seats: BJP leader

Tata Power welcomes tariff cut, says audit issue sub-judice

Jobs up 5.7%, wages 16.9% in 2011-12: Survey

FMC allows NSEL to pay directly to IBMA members


MARKET ANALYSIS

Indian markets fell more than 1 per cent on Thursday, posting their biggest single-day percentage fall in nearly 1-1/2 months as profit- booking hit blue chips such as ICICI Bank for a second consecutive day.

The benchmark BSE index fell 1.19 per cent after earlier gaining as much as 0.9 per cent, while the NSE index ended 1.28 percent lower, marking their biggest single-day fall since November 21.

The Sensex closed at 20,888.33, down 252.15 points or 1.19 per cent. It hit a high of 21,331.32 and a low of 20,846.67 in trade today.

The 50-share Nifty ended at 6,221.15, down 80.50 points or 1.28 per cent. It hit a high of 6,358.30 and a low of 6,211.30 in trade today.

ICICI Bank Ltd fell 2.03 per cent after earlier rising as much as 1.8 per cent, while IDFC Ltd slumped 4.74 per cent erasing earlier gains of 1.5 per cent.

MAJOR INDICES
INDIAN MARKETS
INDEX                       CLOSE                   CHANGE %                     CHANGE
SENSEX                       21140.48                    27.67                                  0.13
NIFTY                            6304.75                     0.75                                  0.04
BANK NIFTY               11423.75                    32.45                                  0.21

US MARKET
INDEX                                            CLOSE                         CHANGE
DOW FUTURES                              16576.66                             72.37
NASDAQ FUTURES                          4176.59                              22.39






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