Thursday, 3 July 2014

Equity Trading Tips for July 03,2014

ECONOMY ANALYSIS
 Record closing: Nifty at 7725, Sensex up 325 pts on Budget hopes
 Castrol India hits 52-week high, up 8% on delisting buzz
 IFCI rises 2% on acquiring 49% in Rajasthan Consultancy
 ICVL likely to submit USD 200m bid for Rio Tinto Mozambique
 4.4-4.5% fiscal deficit more realistic target; like IT: Samir Arora
 GMR Infra launches share sale at 33.14/share


MARKET ANALYSIS
 The S&P BSE Sensex and Nifty extended rally for fourth consecutive
     session and ended at record closing high in pre-budget market rally. All
     the sectoral indices closed in the green with metals, capital goods and
     pharmaceuticals leading the upmove.
 The 30-share index ended at record closing high of 25,841.21, up 324.86
     points or 1.27 per cent. It hit an all-time high of 25,864.53 and a low of
     25,660.16 in trade today.
 The Nifty ended at record closing high of 7,719.85, up 85.15 points or
     1.12 per cent. It touched an all-time high of 7,732.40 and a low of
     7,677.30 in trade today.
 Sesa Sterlite (up 4.44 per cent), NTPCBSE 1.25 % (up 3 per cent),
     BHELBSE 1.90 % (up 2.75 per cent), HDFC (up 2.71 per cent) and
     Maruti (up 2.25 per cent) were among the top index gainers.
 GAILBSE 0.75 % (0.28 per cent) and InfosysBSE -0.87 % (0.10 per cent)
     were the only Sensex losers.
 The market breadth was positive on the BSE with 1905 gainers against
     1160 losers.



No comments:

Post a Comment