Monday, 30 June 2014

Equity Trading Tips for June 30,2014

ECONOMY ANALYSIS
 Sensex ends flat, Nifty above 7500; TCS, Sun Pharma up 4%
 IT stocks up 1-4%, brokerages upbeat post Accenture Q3 nos
 Ashok Leyland falls 5%, launches 18.52 cr shares QIP
 Blast at a GAIL gas pipeline in Andhra Pradesh, 14 dead
 Midcap crash: Orders against 8 entities revoked
 Ranbaxy, Sun Pharma up 6-8% on US FDA nod; analysts bullish
 

MARKET ANALYSIS
 The nifty ended the first day of July series on a positive note led by gains
     in IT, healthcare and power sectors.
 The 50-share index ended at 7,508.80, up 15.60 points or 0.21 per cent. It
     touched intraday high of 7,538.75 and a low of 7,482.30 in trade today.
 The S&P BSE Sensex closed at 25,099.92, up 37.25 points or 0.15 per
     cent. It touched intraday high of 25,209.61 and a low of 25,032.94 in trade
     today.
 Tech MahindraBSE 4.14 % (up 4.09 per cent), TCSBSE 3.85 % (up 4.01
     per cent), Sun PharmaBSE 3.97 % (up 3.87 per cent), Power Grid
     CorporationBSE 3.13 % (up 3.39 per cent) and CiplaBSE 2.59 % (up 3.22
     per cent) were among the top index gainers.
 United SpiritsBSE -3.03 % (3.77 per cent), UltraTech CementBSE -3.21
     % (3.76 per cent), BHELBSE -2.57 % (2.73 per cent), HindalcoBSE -2.63
     % (2.66 per cent) and M&M (2.13 per cent) were among the Nifty losers.
 The market breadth was positive on the NSE with 842 gainers against 682
     losers.



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