Monday, 7 July 2014

Equity Trading Tips for July 07,2014

ECONOMY ANALYSIS
 Sensex, Nifty at record closing high; RIL, HDFC Bank lead
 Bharti Airtel rises over 2%; FIIs can invest upto 74% in co
 Prestige Estates rises 5% on Rs 345cr land purchase
 Glenmark up 2%, autoimmune drug GBR 830 enters human trials
 Videocon rises 9% as DTH arm firms up IPO plans
 Hindalco slips 1%, Morgan Stanley underweight


MARKET ANALYSIS
 The benchmark Sensex today jumped over 138 points to end at new
     closing peak of 25,962.06, led by oil & gas shares, on buying by overseas
     investors on hopes of continued economic reforms and a growth-oriented
     Budget.
 The BSE benchmark opened higher at 25,844.80 and firmed up further to
     a high of 25,981.51, It settled at new closing high of 25,962.06 -- a gain of
     138.31 points or 0.54 per cent.
 The NSE 50-share Nifty also moved up 36.80 points, or 0.48 per cent, to
      end at its all-time closing high of 7,751.60 after hitting 7,758.00. It
      previous closing peak of 7,725.15 was also reached on July 2.
 US stocks rose yesterday with the Dow Jones Industrial Average hitting
     17,000 for the first time and the S&P 500 index also scaling records after
     June jobs report.
 Most Asian stocks ended higher today as US jobs growth bolstered the
     outlook for the world's largest economy. Key benchmark indices in Hong
     Kong and Japan moved up by 0.06-0.58 per cent while indices in China,
     Singapore, South Korea and Taiwan moved down by 0.03-0.19 percent.



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