Tuesday, 1 July 2014

Equity Trading Tips for July 01,2014

ECONOMY ANALYSIS
 Nifty ends above 7600, Sensex up 314 pts; banks, oil lead
 BSE moves 300 stocks to trade-to-trade segment
 Sun Pharma at record high as Taro gains 17% post price hike
 Union Bank surges 6%, shareholders' approval for QIP
 NBFCs should not be seen as shadow banking: Muthoot
 FDI hike key for core defence technology: BEL


MARKET ANALYSIS
 After a higher start, the 30-share BSE index rallied to to touch intra-day
     high of 25,460.96 before settling at nearly two-week high of 25,413.78,
     clocking a rise of 313.86 points, or 1.25 per cent. Of 30 Sensex scrips, 24
     scrips rose.
 The gauge had gained 37.25 points on Friday. For the quarter ended June
     30, the Sensex rose 3,027.51 points or 13.5 per cent on the
 The BSE index gained about 1,196 points in June month. Brokers said
     besides easing global crude oil prices as fears of supply disruption from
     Iraq receded, expectations that the reform measures in the next week's
     Union Budget will boost the country's economic growth, bolstered
     sentiments.
 "Volatility and profit booking is visible ahead of upcoming Budget for
     2014-15," said Rakesh Goyal,Senior Vice President,Bonanza Portfolio.
 The 50-share Nifty of the National Stock Exchange reclaimed the crucial
     7,600 mark by rising 102.55 points, or 1.37 per cent, to close at 7,611.35.
     It touched a high of 7,623.65 and a low of 7,531.60.



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