Thursday, 5 June 2014

Equity Trading Tips for June 05,2014

ECONOMY ANALYSIS
 Nifty ends at 7,400; HCL Tech, ONGC, Bharti Airtel down
 Gammon India up 4.5%, to issue 3.7 cr shares to promoters
 Wockhardt slips 4%; Illinois subsidiary under FDA lens
 Welspun up 13% as promoters pick stake in Mulheim
 Fertiliser stocks rally 6%; govt to clear dues soon
 Rupee hits day's low of 59.48 against US $


MARKET ANALYSIS
 The Nifty closed in the red for the first time after two-day rally in absence
     of supportive cues and profit booking at higher levels. Gains in capital
     goods, realty and metals were offset by losses in technology, oil & gas and
     FMCG sectors.
 The 50-share index ended at 7,400.55, down 15.30 points or 0.21 per cent.
     It touched a high of 7,433.30 and a low of 7,391.35 in trade today.
 The S&P BSE Sensex closed at 24,805.83, down 52.76 points or 0.21 per
     cent. It touched a high of 24,925.90 and a low of 24,773.93 in trade today.
 HCL TechBSE -2.84 % (2.56 per cent), TCSBSE -1.92 % (1.91 per cent),
     ONGCBSE -1.30 % (1.86 per cent), Bharti AirtelBSE -1.59 % (1.80 per
     cent) and Kotak BankBSE -1.24 % (1.67 per cent) were among the top
     index losers.
 The market breadth was positive on the NSE with 735 gainers against 279
     losers.
 The foreign institutional investors bought shares worth Rs 575.09 crore
     while domestic institutional investors were net buyers worth Rs 99.81
     crore on Tuesday as per the provisional data from the NSE.



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