Friday, 6 June 2014

Equity Trading Tips for June 06,2014

ECONOMY ANALYSIS
 Sensex ends above 25000, up 214 pts; Infosys, Sesa major gainers
 ONGC, BPCL hit record high; LPG, kerosene price hike likely
 Piramal acquires stake in Shriram City for Rs 790 cr
 IFCI looking to divest stakes in non-core assets: CEO
 Reliance Capital rallies 3% on fund raising plans
 Rupee gains in range-bound trade against US dollar


MARKET ANALYSIS
 The benchmark Sensex created history today by closing above the 25,000
     mark for the first time on heavy buying in metal, power and oil & gas
     shares by overseas investors, amid expectations the European Central
     Bank will unveil an economic stimulus shortly.
 The 30-share BSE index after commencing higher, surged further to
     breach the 25,000 mark once more. It hit the day's high of 25,044.06,
     before settling 213.68 points, or 0.86 per cent higher, at all-time closing
     high of 25,019.51.
 The rally was powered by shares of metal, oil and gas, power, PSUs,
     FMCG and IT.
 The gauge has now surpassed its previous closing high of 24,858.59 on
     Tuesday. Its intra-day all-time high remains 25,375.63 hit on May 16.
 The 50-share NSE Nifty climbed 71.85 points, or 0.97 per cent, to close at
     a new peak of 7,474.10, breaching previous record closing high of
     7,415.85 on Tuesday. Yesterday, both the Sensex and the Nifty fell.



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