Equity Trading Tips for April 28,2014

ECONOMY ANALYSIS

• Sensex ends 188 pts lower; 180 stks hit 52-wk high 

• Maruti Suzuki Q4 net profit falls 35.5% at Rs 800 crore, misses estimate 

• UPL up over 8% post Q4 results; hits 52-week high 

• ICICI Bank Q4 profit up 15% to Rs 2652 crore, beats estimates 

• Cairn India slips over 5% post Q4 results 

MARKET ANALYSIS

• Even though the S&P BSE Sensex ended on a weak note on Friday, but as much as 184 stocks rose to their fresh 52-week high on the Bombay Stock Exchange. 

• The real action was seen in the small and midcap segment, even though benchmark indices continued to reel under pressure. 

• The BSE Sensex cracked as much as 219 points in trade, while 50-share Nifty index slipped below its crucial psychological level of 6800. 

• The BSE Sensex finally ended 188.47 points lower or 0.82 per cent at 22,688.07.

• It hit a low of 22656.64 and a lifetime high of 22939.31 in trade today. 

• Tracking the momentum, the 50-share Nifty index closed 58.05 points lower or 0.85 per cent at 6782.75. 

• It hit a low of 6772.85 and a high of 6869.85 in trade today. 

                                          MAJOR INDICES

                                          INDIAN MARKET

INDEX	CLOSE	CHANGE	% CHANGE
SENSEX	22688.07	-188.47	-0.82
NIFTY	6782.75	-58.05	-0.85
BANK NIFTY	13034.50	-87.60	-0.67

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