Thursday, 10 July 2014

Equity Trading Tips for July 10,2014

ECONOMY ANALYSIS
 Sensex loses 137 pts, Nifty ends below 7600 ahead of Budget
 Hindalco gains over 5% after Alcoa beats estimate
 MCX rallies over 5% as Jhunjhunwala picks stake
 SAT gives FTIL four weeks to divest stakes in all bourses, rejects
     plea against Sebi
 Railway stocks derail for second day in a row; Texmaco drops


MARKET ANALYSIS
 The S&P BSE Sensex extended losses for second straight session and
     closed below 25,500 as traders booked partial profits ahead of the Union
     Budget tomorrow.
 All the sectoral indices, barring oil & gas sector, closed in the red with
     auto, pharmaceuticals and capital goods leading the decline.
 The 30-share index closed at 25,444.81, down 137.50 points or 0.54 per
     cent. It touched intraday high of 25,683.97 and a low of 25,364.77 in trade
     today.
 The Nifty ended at 7,585, down 38.20 points or 0.50 per cent. It touched
     an intraday high of 7,650.10 and a low of 7,551.65 in trade today.
 Bajaj AutoBSE -3.12 % (3.20 per cent), Coal IndiaBSE -2.97 % (3 per
     cent), Tata PowerBSE -2.47 % (2.70 per cent), M&M (2.37 per cent) and
     Tata MotorsBSE -2.46 % (2.37 per cent) were among the top index losers.
 ONGCBSE 1.77 % (up 1.87 per cent), ITCBSE 1.67 % (up 1.53 per cent),
     GAILBSE 1.26 % (up 1.38 per cent), HindalcoBSE 1.21 % (up 1.13 per
     cent) and Tata SteelBSE 0.78 % (up 1.11 per cent) were among the
     Sensexgainers.



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