Equity Trading Tips February 4, 2014

ECONOMY ANALYSIS:

•  Gillette Oct-Dec net declines 40.96% to Rs 11.04 cr
•  Hold HCL Technologies; target of Rs 1525: Way2Wealth
•  Lupin Q3 net at record high, co buys Netherlands' Nanomi
•  Price cut to help boost demand for CNG, PNG: GAIL
•  Zee Ent Q3 net up 10.5%, advertising revenues jump 34%
•  Price cut to help boost demand for CNG, PNG: GAIL
•  See credit growth in rural markets: Shriram Transport Fin

MARKET ANALYSIS:

• The benchmark Sensex tanked about 305 points to its lowest close in over 10 weeks today on across-the-board selling in bluechips, amid weak global cues and worries after the US Federal Reserve's stimulus cut.
• The Sensex dropped 304.59 points, or 1.48 per cent to end at 20,209.26, the weakest level since 20,217.39 on November 22, 2013. This was the sixth drop in seven sessions.
• Infosys BSE -1.91 %, ICICI Bank BSE -2.51 % and Tata Motors BSE -3.79 % led the 25 losers in the 30-share Sensex today. The biggest laggards were Hindalco BSE -5.48 % and Tata Steel BSE -3.58 %. Sun Pharma BSE 1.22 %, Dr Reddy's and Cipla BSE 0.44 % gained.
• The 50-share NSE index Nifty intra-day dipped below 6,000 level. It ended at 6,001.80, down 87.70 points, or 1.44 per cent. On Friday, it gained 15.60 points while in the previous 5 days the index plunged 875.41 points.

                                            MAJOR INDICES 

                                           INDIAN MARKETS

INDEX                    CLOSE                        CHANGE                %CHANGE

      

SENSEX                           20209.60                                -304.59                              -1.48

   

NIFTY                                 6001.80                                  -87.70                              -1.44

BANK NIFTY                   10102.10                                  -135.65                              -1.32

   

                                                                          

                                               US MARKET

INDEX                       CLOSE                      CHANGE

 DOW                       15698.85                     -149.76

FUTURES  

  
 NASDAQ                 4103.88                        -19.25

 FUTURES                           

         

                                                     

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