Monday, 2 June 2014

Equity Trading Tips for June 02,2014

ECONOMY ANALYSIS
 SBI & HDFC drag 2%, HUL soars 8%; Nifty, Sensex end flat
 Kotak Trustee Co sells 3.24% stake in Kotak Mahindra Bank
 Yes Bank raises USD 500 mn through QIP
 M&M posts Q4 profit at Rs 897 cr, tractor margin up 180 bps
 J&K Bank crashes 20% on report of undisclosed stressed loan
 Fortis Healthcare falls 3.5% post Q4 earnings


MARKET ANALYSIS
 Indian markets fell on Friday to mark their first weekly fall in four weeks,
     as blue-chips such as State Bank of IndiaBSE -2.24 % declined after
     foreign investors sold shares for a fourth consecutive session, while
     caution was also seen ahead of GDP data and the central bank's policy
     review.
 The Nifty ended the first day of June series on a flat-to-negative note in
     absence of buying support after the recent rally in the Indian markets.
 The 50-share index ended at 7,225, down 10.65 points or 0.15 per cent. It
     touched a high of 7,272.50 and a low of 7,118.45 in trade today.
 The S&P BSE Sensex closed at 24,217.34, down 16.81 points or 0.07 per
     cent. It touched a high of 24,353.59 and a low of 24,163.62 in trade today.
 The market breadth was positive on the NSE with 502 gainers against 537
     losers.
 The foreign institutional investors sold shares worth Rs 522.19 crore while
     domestic institutional investors were net buyers worth Rs 195.2 crore on
     Thursday as per the provisional data from the National Stock Exchange.



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