Wednesday, 11 June 2014

Equity Trading Tips for June 11,2014

ECONOMY ANALYSIS
 Sensex, Nifty end in green but flat; IT gains most, BHEL &
     ONGC drag
 Bharti up 3%, CLSA reiterates it as high conviction buy
 Euronext launches IPO, values itself at $2.5 bn
 SpiceJet announces special monsoon fare, gains 6%
 Gold prices remain steady amid negative outlook


MARKET ANALYSIS
 The benchmark Sensex today hit a new lifetime high but pared gains on
     profit-booking to end with a slim 3.48-point rise at a fresh closing peak of
     25,583.69.
 Stock markets had opened on a strong note with the 30-scrip BSE Sensex
     touching a new high of 25,711.11 points in early trade on heavy buying by
     funds and retail investors.
 This was its fourth successive positive closing. The gauge had gained
     nearly 775 points in the previous three days.
 Yesterday, the 30-share benchmark index had hit previous lifetime high of
     25,644.77 and ended at record closing high of 25,580.21 on optimism over
     government's agenda for reforms.
 The broad-based NSE Nifty, after soaring to a new intra-day high of
     7,683.20, succumbed to selling pressure to close just 1.80 points, or 0.02
     per cent, up at 7,656.40 -- also a new record closing. It surpassed previous
     intra-day record of 7,673.70 reached yesterday.



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