Equity Trading Tips for April 07,2014

ECONOMY ANALYSIS

• Edelweiss up 6%, RBI allows increase in FII investment cap
• Pharma cos may see healthy earnings growth in Q4FY14: CLSA
• Forget $8 proposed by RIL, ONGC asks for nearly $13 for deep-sea gas
• Nelco jumps 8% as board nods for restructuring security biz

MARKET ANALYSIS

• Equity benchmarks fell for the second consecutive session on Friday with the Nifty closing below the 6700-mark for the first time in last five sessions after hitting record high.
• The index was down 41.75 points to 6694.35 while the Sensex fell 149.57 points to 22359.50 but the broader markets beat benchmarks.
• The BSE Midcap and Smallcap indices gained 0.4 percent and 0.8 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1639 to 1120 on the BSE. For the week, the Sensex and Nifty closed flat while Bank Nifty plummeted 1.6 percent. But CNX Midcap Index was up 1.5 percent and BSE Smallcap gained nearly 4 percent.
• The profit booking was seen in private banks, capital goods, technology, FMCG, auto and power stocks. Public sector undertakings like BHEL, NTPC and GAIL were down 1.5-2 percent.
• Top telecom operator Bharti Airtel lost 2 percent too. Shares of TCS, Tata Motors, Reliance Industries, HDFC, Infosys, L&T and Sun Pharma declined 0.8-1.5 percent.

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