Equity Trading Tips for February 7,2014

ECONOMY ANALYSIS

• ACC Q4 profit rises 10% to Rs 275.7 cr on tax write back
• Central Bank turns profitable with Q3 net Rs 61.5 cr QoQ
• Krypton Industries: Board meeting on Feb 12, 2014
• Nifty to trade around 6500 over next 12 months: Barclays
• Ambuja Cements Q4 PAT seen down 8% to Rs 195 cr: Pol
• BHEL falls 4% on order book woes; brokerages raise concern
• Bank of Baroda Q3 net beats forecast, asset quality weakens

MARKET ANALYSIS

• In volatile trade, the benchmark Sensex today rose by 50 points to mark its highest closing in about a week helped by gains in bluechips including ITC, HDFC Bank and HUL as investors continued to buy select bluechips after the recent sell-off.
• After opening in the positive zone, the BSE index shuttled between 20,358.19 and 20,079.82 on alternate bouts of buying and selling. It closed at 20,310.74, a gain of 49.71 points, or 0.25 per cent. In 30-scrip barometer, 16 stocks gained while 14 ended down. 
• Tata Power and Coal India logged best gains while BHEL and Cipla were the biggest laggards.
• Sensex has gained 101.48 points in 3 days. Before that, it shed 1,100 points as the index fell for six days in seven. Today’s closing value is the highest for Sensex since 20,513.85 on January 31.
• The 50-share NSE index Nifty rose by 13.90 points, or 0.23 per cent, to end at 6,036.30, after touching a low of 5,965.40. This was also the barometer's highest close since 6,089.50 on January 31.

INDIAN MARKETS

INDEX	CLOSE	CHANGE	% CHANGE
SENSEX	20310.74	49.71	0.25
NIFTY	6036.30	0.23	13.90
BANK NIFTY	10205.20	26.45	0.26

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