Wednesday, 26 February 2014

Equity Trading Tips for February 26,2014

ECONOMY ANALYSIS

  • Coal India, Sesa Sterlite, Tata Power slip 2%; Nifty choppy
  • Wipro hits 14-yr high, bags IT & BPO contract from UK firm
  • See FY15 growth at 18-20%: Ipca Labs
  • Cadila Healthcare crosses Rs 1000-mark, Nomura ups target
  • Trading in VIX futures to kick off tomorrow
  • US market may fall 20%, see EMs breaking down: Asianomics

MARKET ANALYSIS

  • Equity benchmarks gained for the third consecutive session on Tuesday with the support from technology, capital goods and HDFC group stocks.Though it was a volatile session ahead of expiry of February derivative contracts on Wednesday, the 50-share NSE benchmark Nifty closed at 6200-mark, up 14 points.
  • The 30-share BSE Sensex climbed 41.03 points to 20852.47.Foreign institutional investors bought nearly Rs 3,000 crore worth of shares in the last eight consecutive sessions. Shares of Wipro jumped 3 percent, touching 14-year high at Rs 595.15 per share as it bagged a 10-year IT and BPO contract from UK's Carillion. It was the top gainer. Its rivals TCS and Infosys gained 0.5 percent and 0.8 percent, respectively.
  • State-run capital goods major BHEL was up 2 percent on top of a 4 percent upmove in previous session while its rival Larsen & Toubro rose 0.6 percent. Telecom operator Bharti Airtel rebounded with 1.6 percent gains after falling more than 4 percent in previous two sessions on losing Nigerian court case. 

MARKET INDICES

INDIAN MARKET

INDEX
CLOSE
CHANGE
% CHANGE
SENSEX
20852.47
41.03
0.20
NIFTY
6200.05
13.95
0.23
BANK NIFTY
10666.75
-16.75
-0.16

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