Friday, 23 May 2014

Equity Trading Tips for May 23,2014

ECONOMY ANALYSIS
 Nifty ends below 7300; Coal India & Maruti gain 5%, IT drags
 Maruti jumps 5%, CLSA says stock may rise 107% in 3 yrs
 Bajaj Auto up 3% as Egypt lifts import ban, analysts upbeat
 Sebi bars Sumeet Industries, 14 others from capital markets
 Motherson Sumi Systems Q4 profit rises 54% to Rs 302.5 cr
 Coal India shares hit near-three-year high as Modi explores

MARKET ANALYSIS
 The S&P BSE Sensex closed on a positive note but nearly 145 points off
     day's high as institutional investors shifted focus from largecaps to
     broader markets. According to analysts, the benchmarks are likely to
     consolidate in the near term while midcaps and smallcap may continue to
     outperform.
 The 30-share index ended at 24,374.40, up 76.38 points. It touched a high
     of 24,524.76 and a low of 24,326.48 in trade today.
 The S&P BSE Midcap Index was up 2.15 per cent and the S&P BSE
     Smallcap Index gained 2.32 per cent.
 The market breadth was positive on the BSE with 2,262 gainers against
     747 losers.
 The foreign institutional investors sold shares worth Rs 266.22 crore while
     domestic institutional investors were net sellers worth Rs 439.03 crore on  
     Wednesday as per the provisional data from the National Stock Exchange.


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