Tuesday, 15 July 2014

Equity Trading Tips for July 15,2014

ECONOMY ANALYSIS
 Sensex, Nifty fall for 5th day; Infosys, HUL slip 3%
 June WPI at 5.43% vs 6.01% in May
 Unichem Labs Q1 profit falls 16% on lower OPM, other income
 Govt slaps $579 million additional penalty on RIL; total stands at
     $2.376 bn
 Home Ministry to clear FDI proposals within 3 months


MARKET ANALYSIS
 The S&P BSE Sensex provisionally ended marginally above 25000 on
     Monday, led by losses in Infosys, HUL, HDFC, ICICI Bank and
     WiproBSE -2.19 %.
 Tracking the momentum, the 50-share Nifty index also managed to
     recover most of its intraday losses and closed above its crucial
     psychological support level of 7,450.
 The BSE Sensex closed 0.07 per cent lower or 17 points at 25006.98. It hit
     a low of 24,892.00 and a high of 25,095.76 in trade today.
 The 50-share Nifty index ended 0.07 per cent lower or 5.45 points at
     7454. It hit a low of 7422.15 and a high of 7478.45 in trade today.
 Infosys led the fall in IT stocks on profit-taking after gaining 1 per cent in
     the previous session. The stock ended 2.97 per cent lower at Rs 3,227.
 Losses in shares of HULBSE -2.64 % (down 2.64 per cent), ICICI Bank
     (down 0.83 per cent) and HDFC (down 0.71 per cent) also dragged down
     the Sensex lower.
 

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