Tuesday, 8 July 2014

Equity Trading Tips for July 08,2014

ECONOMY ANALYSIS
 Sensex ends above 26000; Sun Pharma, TCS up; banks & oil
     stocks fall
 Hero MotorCorp sets up $70-mn Colombian unit
 Lafarge & Holcim: Asset sales to affect 10k workers
 China Q2 GDP seen steady at 7.4%
 Tata Power up 3% on stake sale reports in coal firm


MARKET ANALYSIS
 The Nifty extended gains for second straight session and closed at record
     closing high in the pre-budget rally.
 Defensives such as IT and pharmaceuticals led the gains while banks and
     oil & gas ended lower. Shares of railways related stocks were in action
     ahead of the railway budget.
 The 50-share index ended at record closing high of 7,787.15, up 35.55
     points or 0.46 per cent. It touched an all-time high of 7,792 and a low of
     7,755.10 in trade today.
 The S&P BSE Sensex closed at record closing high of 26,100.08, up
     138.02 points or 0.53 per cent. It touched an all-time high of 26,123.55
     and a low of 25,992.73 in trade today.
 The market breadth was flat on the NSE with 518 gainers against 504
     losers.
 The foreign institutional investors bought shares worth Rs 943.19 crore
     while domestic institutional investors were net sellers worth Rs 853.1
     crore on Friday as per the provisional data from the National Stock
     Exchange.



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