Equity Trading Tips for June 04,2014

ECONOMY ANALYSIS
 Nifty ends above 7400 for 1st time post RBI policy; BSE Metal surges 5%
 RBI Credit Policy: Rates intact, but lower SLR & dovish tone a bonus
 Sensex, Nifty flat; RBI cuts SLR by 50 bps, Re at 59.19/$
 RBI opts for status quo, promises rate cut if inflation drops
 Sensex, Nifty at new highs as RBI injects liquidity
 BSE shifts 213 stocks to restricted trading; NSE to move 117

MARKET ANALYSIS
 MUMBAI: The BSE benchmark Sensex rose by 173 points to close at all-time
     high level on buying in metal, oil & gas and power stocks as RBI injected
     liquidity into the markets while keeping key rates unchanged.
 The 30-share barometer spurted by 173.74 points, or 0.70 per cent, to close at
     record 24,858.59 points, surpassing previous all time high of 24,716.88
     reached on May 26.
 The 50-share Nifty of the National Stock Exchange also closed at record
     7,367.10 points, up by 53.35 points, or 0.72 per cent.
 As expected by market participants, RBI kept policy rates and CRR unchanged
     but cut the statutory liquidity ratio (SLR) for banks by 0.50 per cent.
 The central bank, in its second bi-monthly monetary policy statement for 2014-
     15, unlocked about Rs 40,000 crore of banking fund by reducing SLR to 22.5
     per cent. Metal stocks turned investors' fancy after surveys showed China's
     factory and services sectors had their best showings in months in May. Tata
     SteelBSE 6.69 % rose the most among Sensex scrips by 6.69 per cent, followed
     by SesaBSE 6.53 % Sterlite which jumped 6.53 per cent.

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