Wednesday, 22 January 2014

REVIA ~ EQUITY TRADING TIPS FOR 22/Jan/2014

ECONOMY ANALYSIS

Kotak Mahindra Bank Q3 disappoints, net dips 6% to Rs 340cr
Unilever beats forecasts as emerging markets rebound
Suzlon to list REpower on LSE this year: Sources
Tarriff cut not in interest of sector: former MERC member
ONGC, OIL have to pay same dividend as FY13: Fin Min
New RBI rules to impact unorganised gold loan cos: Muthoot
Asian Paints slips 3% as Q3 margins decline to 15.6%


MARKET ANALYSIS


The BSE benchmark index Sensex rose further by 46 points on sustained buying by funds in blue chips led by banks ahead of the RBI monetary policy meet amid a firming global trend.

The 30-share index, which had gained 142 points in the previous session, advanced by 46.07 points, or 0.22 per cent, to close at 21,251.12 points. It touched a day's high of 21,302.52 points.

The broad-based National Stock Exchange index Nifty rose by 9.85 points, or 0.16 per cent, to 6,313.80 points.

 Brokers said market sentiment improved after government decided to sell stake in Hindustan Zinc which might narrow down budget deficit.

Shares of Hindustan Zinc rose 0.15 per cent to Rs 135.20 after the Cabinet Committee on Economic Affairs approved the sale of the government's residual stake.

A firming trend in global stock markets also influenced the market sentiment to some extent, they added.


MAJOR INDICES
INDIAN MARKETS 
INDEX                 CLOSE                 CHANGE %                       CHANGE
SENSEX               21251.20                     46.07                                      0.22
NIFTY                     6313.80                     9.85                                        0.16
BANK NIFTY         1171.50                    164                                          1.49


US MARKET
INDEX                                     CLOSE                              CHANGE
DOW FUTURES                     16458.56                                 41.55
NASDAQ  FUTURES              4197.58                                 -21.11


No comments:

Post a Comment