Equity Trading Tips for April 17,2014

ECONOMY ANALYSIS

• Sensex cracks over 200 pts, Nifty below 6700; IT bleeds 

• China GDP beats street, grows at 7.4% in Q1 

• IndusInd Bank Q4 beats forecast, net up 29% on other income 

• TCS Q4 profit may fall by 1.2% to Rs 5,251.6 cr 

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

• Rate cuts unlikely before March next: Bofa-ML 

MARKET ANALYSIS

• The Sensex ended Wednesday in the red. The 30-stock benchmark index shut shop at 22,277.23; down 207.70 points, or 0.92%. 

• The broader 50-share Nifty ended the day at 6,675.30; down 57.80 points, or 0.86%. 

• IT pack was the biggest loser. TCS, Infosys and Wipro slipped about 3% in intraday trade today. The BSE IT index closed at 8,800.81; down 224.83 points, or 2.49%. 

• Banking was another big loser. The index closed at 14,370.22; down 16.23 points or 0.11%. 

• The benchmark Sensex, after hitting its all-time high of 22,792 on April 10, is finding it difficult to move higher. 

• Analysts say after the sharp surge the market is expected to remain choppy with negative bias due to overbought positions; and other fundamental factors are also likely playing spoilsport. 

                                        MAJOR INDICES 

                                       INDIAN MARKET

INDEX	CLOSE	CHANGE	% CHANGE
SENSEX	22277.3	-207.70	-0.92
NIFTY	6675.30	-57.80	-0.86
BANK NIFTY	12563.15	-16.75	-0.13

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