Monday, 10 February 2014

Equity Trading Tips for February 10,2014

ECONOMY ANALYSIS

  • Positive on India; see next big move in rural mkt: Religare
  • Investors in Indian commodity exchanges flee as trade sinks
  • Rupee at one-week high ahead of US jobs report
  • Govt has no plans now to reduce import duty on gold
  • CSO sees FY14 GDP at 4.9% Vs CNBC-TV18 Poll of 4.72%
  • Tata Power posts Q3 loss at Rs 75 cr on forex woes
  • Govt has no plans now to reduce import duty on gold

MARKET ANALYSIS

  • Mumbai: The Sensex on Friday rose for the fourth straight day and ended 66 points up at one-week high levels led by gains in Tata Steel, Sun Pharma and Sesa Sterlite, amid volatility ahead of advance growth estimates for 2013/14.
  • The index, which had gained 101 points in the previous three days, rose further by 65.82 points, or 0.32 percent, to end at 20,376.56. Intra-day, the barometer touched a low of 20,282.30 and a high of 20,450.51. Today's close was the highest since 20,513.85 on January 31.
  • Twenty stocks gained in the 30-share BSE benchmark. Tata Steel (6.39 percent), Sesa Sterlite (3.66 percent) and Sun Pharma (2.80 percent) were among winners. The ten laggards included TCS, Hindustan Unilever, Wipro, BHEL and ITC.
  • The 50-scrip NSE index Nifty rose by 26.90 points, or 0.45 percent, to end at 6,063.20 -- the third day of rise. Intra-day, it touched a low of 6,030.90. Today was the highest close for Nifty since ending on 6,089.50 on January 31.

INDIAN MARKET


INDEX
CLOSE
CHANGE
% CHANGE
SENSEX
20376.56
65.82
0.32
NIFTY
6063.20
26.90
0.45
BANK NIFTY
10263.20
58.00
0.57




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