Equity Trading Tips for April 16,2014

ECONOMY ANALYSIS

• Nifty holds 6700 amid pressure; TCS up 3.5%, HDFC down 3.5% 

• Costlier food pushes Mar inflation to 7-month high of 5.7% 

• Infosys Q4 net beats street, FY15 $ rev guidance at 7-9% 

• United Spirits at record high on Diageo's open offer 

• Clariant Chemicals up 12%, to sell Thane land at Rs 1154cr 

• Rate cuts unlikely before March next: Bofa-ML 

MARKET ANALYSIS

• The S&P BSE Sensex may have slipped over 140 points on Tuesday but the momentum was seen in the rest of the stocks on the Bombay Stock Exchange. This is evident from the fact that as much as 197 stocks rose to their fresh 52-week high. 

• Although there were no high flying stocks in the BSE Sensex, but as much as 19 stocks rose to their fresh 52-week high on the S&P BSE Mid-cap index and 39 stocks rose to their fresh 52-week highs on the S&P BSE Small-cap index. 

• The S&P BSE Sensex closed at 22,484.98, down 144.98 points or 0.64 per cent. It touched a high of 22,737.31 and a low of 22,416.24 in trade today. 

• Stocks which rose to their fresh 52-week high on the BSE Mid-cap index include names like VST IndustriesBSE 0.86 %, HDILBSE -3.01 %, Engineers IndiaBSE 1.28 %, CESCBSE -1.15 %, Gruh FinanceBSE 14.45 %, Hexaware TechnologiesBSE -1.56 %, Gujarat GasBSE -3.34 % etc. 

                                          MAJOR INDICES

                                          INDIAN MARKET

INDEX	CLOSE	CHANGE	% CHANGE
SENSEX	22484.93	-144.03	-0.64
NIFTY	6733.10	-43.20	-0.64
BANK NIFTY	12579.90	-260.30	-2.03

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