Equity Trading Tips for April 09,2014

ECONOMY ANALYSIS

• Markets on a weak footing; Nifty below 6,700 

• RCom, Reliance Jio sign intra-city infra sharing pact

• Ranbaxy buyout to fortify presence in many mkts: Sun Pharma

• Sun-Ranbaxy combine will have m-cap of Rs 80k cr

• GMR Infra up 7% on getting airport project in Philippines

• SBI to offload up to Rs 4,000 cr bad loans to ARCs

MARKET ANALYSIS

• After some heavy losses, the market ended flat but Nifty was below the 6700. The Nifty ended at 6695.05, up 0.70 points while the Sensex was down 16.05 points at 22343.45. Sun Pharma did not lose its grip even though the market was weak. 

• The stock wrapped up today's trade with a 3 percent gain. Sesa Sterlite, M&M, Tata Steel and SBI are other gainers in the Sensex. BHEL remained on sellers' radar with a loss of over 3 percent. Cipla, ICICI Bank, Dr Reddy's Labs and Maruti Suzuki were among the laggards.

• BHEL topped the selling list, losing 4 percent on weak provisional  numbers for the year ended FY14. 

• Shares of ICICI Bank, Dr Reddy's Labs, Cipla and Hindalco Industries lost  2 percent each. Reliance Industries, HDFC, Tata Motors, L&T and HUL  declined 0.5-1 percent.

MAJOR INDICES

INDIAN MARKE

INDEX           CLOSE       CHANGE      % CHANGE

SENSEX        22343.45        -16.05               -0.07

NIFTY            6695.05         0.70                   0.01

BANK           12488.70       -63.00                 -0.50

                                    NIFTY 

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