Equity Trading Tips for June 10,2014

ECONOMY ANALYSIS
 Nifty ends above 7600, Sensex strong; Bajaj Auto up 5%
 L&T hits record high, up 5%; Barclays overweight on stock
 Rel Infra to gain from Mumbai Metro's Rs 400cr ticket sales
 President's speech: Stocks on fire as govt promises reforms
 Lowering food prices top priority, focus on Rail: Pranab Mukherjee
 
MARKET ANALYSIS
 The Nifty extended gains and ended at record closing-high above 7,600
     led by gains in realty, capital goods, power and metals. After President
     Pranab Mukherjee's address to the joint house of parliament, analysts are
     expecting a reformist and growth oriented budget with subsidy cuts from
     Finance Minister Arun Jaitley next month.
 The 50-share index ended at record-closing high of 7,645.80, up 62.40
     points or 0.82 per cent. It touched an all-time intraday high of 7,673.70
     and a low of 7,580.25 in trade today.
 The S&P BSE Sensex ended at record closing high of 25,549.97, up
     153.51 points or 0.60 per cent. It touched an all-time intraday high of
     25,644.77 and a low of 25,496.84 in trade today.
 The market breadth was positive on the NSE with 1126 gainers against
     434 losers.
 The foreign institutional investors bought shares worth Rs 1,283.04 crore
     while domestic institutional investors were net sellers worth Rs 315.15
     crore on Friday as per the provisional data from the National Stock
     Exchange.

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