Wednesday, 2 July 2014

Equity Trading Tips for July 02,2014

ECONOMY ANALYSIS
 Sensex up 102 pts; Hindalco up 7%, Maruti soars 6%, IT weak
 LPG price hiked by Rs 16.50 per cylinder; ATF by 0.6%
 June factory activity grows at fastest pace since Feb
 Gartner cuts 2014 global IT spend growth forecast to 2.1%
 TV18 launches CNBC BAJAR, India's 1st Gujarati biz channel
 Emami rises 5%, may acquire 33% in AMRI hospital chain


MARKET ANALYSIS
 The S&P BSE Sensex ended a rangebound session over 100 points up led
     by gains in auto, metals and capital goods sectors.
 The 30-share index ended at 25,516.35, up 102.57 points or 0.40 per cent.
     It touched intraday high of 25,571.90 and a low of 25,466.77 in trade
     today.
 The Nifty closed at 7,638.70, up 27.35 points or 0.36 per cent. It touched
     intraday high of 7,649.50 and a low of 7,618.15 in trade today.
 HindalcoBSE 6.76 % (up 6.70 per cent), Maruti (up 5.93 per cent), Tata
     MotorsBSE 4.59 % (up 4.98 per cent), M&M (up 3.93 per cent) and Tata
     SteelBSE 2.47 % (up 2.57 per cent) were among the top index gainers.

 The market breadth was positive on the BSE with 1907 gainers against
     1141 losers.
 The foreign institutional investors bought shares worth Rs 1288.16 crore
     while domestic institutional investors were net sellers worth Rs 181.23
     crore on Monday as per the provisional data from the National Stock
     Exchange.



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