Friday, 20 June 2014

Equity Trading Tips for June 20,2014

ECONOMY ANALYSIS
 Sensex, Nifty end flat; Oil & Gas slips 3%, IT gains 2%
 Sebi makes 25% public shareholding rule must for PSUs also
 ONGC, OIL slip 6-8%, investors cautious on gas price issue
 Just Dial jumps 4%, brokerages overweight on it
 Hanung Toys jumps 5%, CDR cell approves debt recast package
 Engineers India up 6%, gets consultancy contract in Nigeria
 

MARKET ANALYSIS
 The S&P BSE Sensex closed in the negative terrain for second straight
     session as rising crude oil prices due to violence in Iraq hurt investor
     sentiment. Oil & gas, capital goods and banks were the top sectoral losers
     while IT, pharma and auto closed higher.
 The 30-share index ended at 25,201.80, down 44.45 points or 0.18 per
     cent. It touched intraday high of 25,425.85 and a low of 25,069.66 in trade
     today.
 The Nifty closed at 7,540.70, down 17.50 points or 0.33 per cent. It
     touched intraday high of 7,606.45 and a low of 7,502.55 in trade today.
 The market breadth was negative on the BSE with 1402 gainers against
     1595 losers.
 The foreign institutional investors bought shares worth Rs 366.18 crore
     while domestic institutional investors were net buyers worth Rs 318.15
     crore on Wednesday as per the provisional data from the National Stock
     Exchange.



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