Friday, 4 July 2014

Equity Trading Tips for July 04,2014

ECONOMY ANALYSIS
 Sensex, Nify end flat; Tata Motors up 3%, Hero & Bajaj Auto fall 3%
 Reliance Cap up 1% on plans to sell non-core assets
 Tata Global falls 3%, Morgan Stanley underweight
 SC order Rel Infra's BSES to pay Rs 257cr to state discoms
 Services growth hits 17-month high in June


MARKET ANALYSIS
 The Nifty closed in the negative terrain for the first time after four days of
     upmove as profit booking picked up in banks, metals and realty stocks.
 According to analysts, the nifty may hover around 7,700 level ahead of
     the Union Budget next week.
 The 50-share index ended at 7,710.15, down 15 points or 0.19 per cent. It
     touched all-time high of 7,754.65 and a low of 7,706.80 in trade today.
 The Bombay Stock Exchange, which had shut all trades due to technical
     glitch, resumed trading in the afternoon.
 The index ended at 25,823.75, down 17.46 points or 0.07 per cent. It
     touched all-time high of 25,999.08 and a low of 25,793.70 in trade today.
 The market breadth was negative on the NSE with 644 gainers against 909
     losers.
 The foreign institutional investors bought shares worth Rs 1,290.68 crore
     while domestic institutional investors were net sellers worth Rs 407.71
     crore on Wednesday as per provisional data from the National Stock
     Exchange.



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