Equity Trading Tips for April 29,2014

ECONOMY ANALYSIS

• Hero Moto & HUL weak, Wipro gains 2%; Sensex, Nifty drag

• HUL Q4 net profit rises to Rs 872 cr, volume growth at 3% 

• Godrej Consumer Q4 net down 29.28% at Rs 236.28cr

• Rural Electrification Corporation to raise up to Rs 30,000 cr via debentures

• Axis Bank hits fresh 52-week high post Q4 results

MARKET ANALYSIS

• After a sluggish trade, the market ended on a flat note as Ukraine crisis looms large once again. The Sensex ended down 56.46 points at 22631.61, and the Nifty close at 6761.25, down 21.50 points. 

• About 1424 shares advanced, 1327 shares declined, and 147 shares were unchanged. Midcap and pharmas outperformed when most stocks struggled to be in green today. 

• Cipla, Sun Pharma and Dr Reddy's Labs were up 2-3 percent each. Wipro and SBI were other gainers in the Sensex. Among the laggards were GAIL, BHEL, Hero Motocorp, Tata Motors and L&T.

• HUL posted a net profit of Rs 872 crore, almost inline with CNBC-TV18 poll of Rs 855 crore, in the quarter ending March 31, 2014. It had reported a net profit of Rs 787.2 crore in the corresponding quarter last fiscal. During the period, net sales grew by 8.9 percent. According to CNBC-TV18 estimates, the FMCG major’s income was seen growing 8.3 percent to Rs 7000 crore from Rs 6466 crore on a yearly basis.

                                          MAJOR INDICES

                                         INDIAN MARKET

INDEX	CLOSE	CHANGE	% CHANGE
SENSEX	22631.61	-56.45	-0.25
NIFTY	6761.25	-21.50	-0.32
BANK NIFTY	1309.40	56.90	0.44

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