Thursday, 12 June 2014

Equity Trading Tips for June 12,2014

ECONOMY ANALYSIS
 Sensex loses 110 pts, Nifty ends below 7650; Infosys up 3%
 Idea gains 2%, to raise Rs 750 cr via preferential issue
 Post RBI nod, UBI lines up corporates for Rs 200cr loans
 Sesa plans $2b preferential warrants to Vedanta
 RCom extends 3G footprint in 5 circles via ICR ties
 India recovers 228m euros from Finmeccanica deal
 

MARKET ANALYSIS
 The Nifty retreated from its record high levels and closed near 7,600 level
     as the index snapped its four-day winning streak on account of profit
     booking. All the major sectoral indices, barring technology and
     healthcare, closed in the red with metals, oil & gas, power and realty
     sectors leading the decline.
 The 50-share index ended at 7,606.35, down 50.05 points or 0.65 per cent.
     It touched an all-time high of 7,700.05 and a low of 7,589.05 in trade
     today.
 The S&P BSE Sensex ended at 25,396.53, down 187.16 points, or 0.73
     per cent. It touched an all-time high of 25,735.87 and a low of 25,365.65
     in trade today.
 Infosys (up 3.21 per cent), Kotak Bank (up 2.78 per cent), TCS (up 2.39
     per cent), Hero MotoCorp (up 1.83 per cent) and Asian Paints (up 1.33 per
     cent) were among the major Nifty gainers.
 DLF (5.66 per cent), Tata Power (5.38 per cent), Hindalco (4.83 per cent),
     Coal India (4.16 per cent) and NMDC (3.98 per cent) were among the top
     index losers.



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