Wednesday, 25 June 2014

Equity Trading Tips for June 25,2014

ECONOMY ANALYSIS
 Sensex ends up over 300 points; Nifty holds 7550
 Reliance Communications likely to launch up to Rs 2,985 crore
     share sale
 Power Grid up 1%, to invest Rs 5500 cr for upgradation
 Bajaj Hindusthan up 10% on FCCB repayment, sugar sops
 GAIL, IGL climb 5% on hopes of natural price hike
 

MARKET ANALYSIS
 The S&P BSE Sensex snapped four-day losing streak and closed 337
     points up on back of easing crude oil prices and as sentiment turned
     bullish on hopes of strong reforms in the Union Budget.
 The crude oil prices registered its biggest decline in the last seven weeks
     as oil supply concerns from Iraq eased.
 The 30-share index ended at 25,368.90, up 337.58 points or 1.35 per cent.
     It touched intraday high of 25,414.69 and a low of 25,115.83 in trade
     today.
     The Nifty closed at 7,580.20, up 86.85 points or 1.16 per cent. It touched
     intraday high of 7,593.35 and a low of 7,515.20 in trade today.
     The market breadth was positive on the BSE with 2,042 gainers against
     9,85 losers.
 The foreign institutional investors sold shares worth Rs 214.49 crore while
     domestic institutional investors were net buyers worth Rs 117.43 crore on
     Monday as per the provisional data from the National Stock Exchange.



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