Friday, 30 May 2014

Equity Trading Tips for May 30,2014

ECONOMY ANALYSIS
 Nifty ends May series at 7236, Sensex falls 322 pts; IT plunges
 IT index top sectoral loser on Dalal Street; slips 2%
 Hindalco Q4 net falls 48% but revenue, OPM beat forecast
 Tata Motors Q4 profit seen up 29%, OPM may expand 280 bps
 Coal India Q4 net slips 18% to Rs 4434 cr, OPM down 520 bps
 Hero MotoCorp falls 3% post Q4 nos


MARKET ANALYSIS
 The S&P BSE Sensex registered one of its worst performance in the
     month of May as it closed over 320 points down on the last day of May
     series. Selling pressure was seen across the sectors except healthcare
     which closed marginally in the green.
 The 50-share index ended at 7,246.70, down 82.95 points or 1.13 per cent.
     It touched a high of 7,325.40 and a low of 7,224.40 in trade today.
 The S&P BSE Sensex closed at 24,234.15, down 321.94 points or 1.31 per
     cent. It touched a high of 24,528.20 and a low of 24,206.50 in trade today.
 Infosys (3.43 per cent), Jindal Steel (3.37 per cent), Ambuja Cements
     (3.05 per cent), HCL Tech (2.92 per cent) and IDFC (2.89 per cent) were
     among the top Nifty losers.
 Hindalco (up 1.66 per cent), Dr Reddy's Laboratories (up 1.42 per cent),
     NTPC (up 0.99 per cent), M&M (up 0.98 per cent) and Sun Pharma (up
     0.76 per cent) were among the major gainers.
 The market breadth was negative on the NSE with 438 gainers against 640
     losers.



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