Wednesday, 9 July 2014

Equity Trading Tips for July 09,2014

ECONOMY ANALYSIS
 Sensex cracks 518 pts on profit booking post Railway Budget
 Siemens bags order worth Rs 52 crore from NTPC
 Axis, Union Bank among 5 new entrants to UK banking space
 NFL likely to get Deepak Fert's share of gas from govt
 Sebi seeks clarification on Adlabs Entertainment's IPO
 Rail stocks plunge 5-13%, Gowda's Budget lacks clarity


MARKET ANALYSIS
 The Indian markets witnessed their biggest single-day fall in over 10
     months as traders "booked profits in long positions in futures" ahead of
     the Union Budget.
 The S&P BSE Sensex registered its biggest percentage fall since January
     27, 2014. It closed at 25,582.11, down 517.97 points or 1.98 per cent. It
     touched an all-time high of 26,190.44 and an intraday low of 25,495.05 in
     trade today.
 The NSE-benchmark Nifty witnessed biggest percentage fall since
     September 3, 2013. The index closed at 7,623.20, down 163.95 points or
     2.11 per cent. It touched an all-time high of 7,808.85 and an intraday low
     of 7,595.90 in trade today.
 The market breadth was negative on the NSE with 219 gainers against
     1,345 losers.
 The foreign institutional investors bought shares worth Rs 198.57 crore
     while domestic institutional investors were net sellers worth Rs 85.22
     crore on Monday as per the provisional data from the National Stock
     Exchange.



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