Tuesday, 3 June 2014

Equity Trading Tips for June 03,2014

ECONOMY ANALYSIS
Nifty ends above 7350, Sensex up 468 pts; ONGC, L&T, SBI stars
 Indian equities to see record inflows in 2014: Quant Cap
 Insurance cos up 5-10% on hopes of FDI limit hike to 49%
 UPA spent Rs 187 cr on Bharat Nirman ads in 2013-14
 Maruti sales up 19% in May
 GM sales decline 43%.


MARKET ANALYSIS
 After a two-day pause, the Nifty extended its intraday rally on Monday
     and touched the 7,350 level as sentiment turned positive ahead of the RBI
     policy meeting tomorrow. All the major sectoral indices, barring
     defensives like FMCG and healthcare, were in the green with capital
     goods, banks and oil & gas leading the upmove.
 At 01.24 pm, the 50-share Nifty index was at 7,345.45, up 115.50 points
     or 1.60 per cent. It touched a high of 7,351.35 and a low of 7,239.50 in
     trade today.
 The S&P BSE Sensex was at 24,613.85, up 396.51 points or 1.64 per cent.
     It touched a high of 24,631.58 and a low of 24,270.20 in trade today.
 L&T (up 6.30 per cent), BPCLBSE 6.50 % (up 5.53 per cent),
     NMDCBSE 3.38 % (up 4.18 per cent), SBI (up 3.60 per cent) and Jindal
     SteelBSE 4.60 % (up 3.39 per cent) were among the major Nifty gainers.
 HCL TechBSE -2.49 % (2.79 per cent), HULBSE 0.02 % (1.96 per cent),
     Sun PharmaBSE -1.34 % (1.74 per cent), Dr Reddy's Laboratories (1.58
     per cent) and WiproBSE -1.17 % (1.22 per cent) were among the top
     index.



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