Wednesday, 18 June 2014

Equity Trading Tips for June 18,2014

ECONOMY ANALYSIS
 Sensex ends up 331 pts, Nifty above 7600; infra, banks support
 Idea Cellular up 5% as MSCI raises weightage to 0.8%
 Rupee nears 2-month low against US dollar on Iraq conflict
 Primary mkt to absorb 50% of FII flows: Kotak Investment
 Indian IT cos can manage rupee volatility: Ex HCL CEO Nayar
 Sebi board to mull primary market reforms on June 19
 

MARKET ANALYSIS
 The Indian equities markets and other commodities such as gold and crude
     oil have temporarily stopped reacting to on-going violence in Iraq. The
     market is not perturbed as the insurgency may not last long and oil supply
     will not be disrupted, say analysts.
 The stunning emergence of ISIS and violence has forced the US
     government to deploy several hundred armed troops in and around Iraq.
     Upto 275 troops, who are equipped for 'direct fighting' are being sent to
     the US embassy, say reports.
 Equities: Indian equities are likely to tide over Iraq crisis and the
     consolidation is expected to be a brief one, say analysts. The crisis will
     force the government to come out with an aggressive budget and that will
     be good for the market, they say
 The S&P BSE Sensex ended at 25,521.19, up 330.71 points or 1.31 per
     cent. It touched a high of 25,545.88 and a low of 25,104.50 in trade today.



No comments:

Post a Comment