Friday, 27 June 2014

Equity Trading Tips for June 27,2014

ECONOMY ANALYSIS
 Sensex ends at 25,062, down 251 pts; Nifty below 7500
 ONGC tanks 7% on deferment of natural gas price revision
 Crompton up 3%, FICG consortium bags offshore wind project
 Bajaj Hindusthan up 10% on FCCB repayment, sugar sops
 Essar Oil rises 5%, EEHL sets floor price for delisting
 Policy clarity must to up investment in infra: GVK Power


MARKET ANALYSIS
 The Nifty ended the last day of June series near 7,500 levels as traders
     squared off long positions in oil & gas, metals and banks. According to
     analysts, the market is expected to consolidate till the budget is announced
     in the parliament.
 The 50-share index closed at 7,493.20, down 76.05 points or 1 per cent. It
     touched intraday high of 7,570.20 and a low of 7,481.30 in trade today.
 The S&P BSE Sensex ended at 25,062.67, down 251.07 points or 0.99 per
     cent. It touched intraday high of 25,309.33 and a low of 25,021.23 in trade
     today.
 WiproBSE 1.37 % (up 1.69 per cent), Tech MahindraBSE 1.37 % (up
     1.53 per cent), L&T (up 1.21 per cent), HCL TechBSE 1.18 % (up 1.13
     per cent) and Dr Reddy's Laboratories (up 1.12 per cent) were among the
     top index gainers.

 The market breadth was negative on the NSE with 706 gainers against 831
     losers.



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