Equity Trading Tips for February 24,2014

ECONOMY ANALYSIS

• Tata Power, Adani Power in focus ahead of CERC tariff order

• UIDAI to lose Nandan Nilekani's aadhaar next month

• NPA-laden United Bank's CMD Archana Bhargava opts for VRS

• Telecom M&A norms issued; market share limit hiked to 50%

• Steel capacity to touch 8 mt by FY14-end: JSPL

• Autos seeing stress, controlling quality now: Bajaj Finserv

• Expect Rs 600-700cr sales from overseas biz: Elder Pharma

MARKET ANALYSIS

• The Nifty resumed its uptrend after a profit booking session and closed above 6,150 level led by gains in capital goods, technology and FMCG sectors on the back of positive cues from global peers.

• The 50 -share index closed at 6,152.15, up 60.70 points or 1 per cent. It touched a high of 6,159.65 and a low of 6,108 in trade today.

• The S&P BSE Sensex ended at 20,690.23, up 153.59 points or 0.75 per cent. It touched a high of 20,725.04 and a low of 20,599.91 in trade today.

• Among the sectoral indices, the S&P BSE Capital goods Index was up 1.29 per cent, the S&P BSE IT Index gained 1.18 per cent, the S&P BSE FMCG Index was 1.14 per cent higher and the S&P BSE Bankex was 0.97 per cent higher.

• The foreign institutional investors bought shares worth Rs 206.46 crore while domestic institutional investors were net sellers worth Rs 600.71 crore on Thursday as per the provisional data from the National Stock Exchange. 

MAJOR INDICES

INDIAN MARKET

INDEX	CLOSE	CHANGE	% CHANGE
SENSEX	20700.75	164.11	0.80
NIFTY	6155.45	64.00	1.05
BANK NIFTY	10554.35	126.05	1.21

Research Via provides stock cash tips, Free equity tips, free share tips, stock futures tips, Free Stock Future tips , MCX commodity tips, NCDEX tips, commodity updates ,MCX silver tips, I Forex tips, forex tips , Bullions tips, bullion tips, comex gold trading tips, nifty updates, Nifty futures tips, Nifty Future tips, equity trading tips