Thursday, 17 July 2014

Equity Trading Tips for July 17,2014

ECONOMY ANALYSIS
 Sensex gains 321 pts, Nifty closes above 7600; ICICI up 5%,
     Bajaj Auto drags
 June trade deficit touches 11-month high at $11.76 bn
 Kotak Mahindra Bank Q1 net up 11%, asset quality improves
 Adani Ports' special economic zone gets environment clearance
 Sun Pharma acquires US-based firm | Hits 52-wk high


MARKET ANALYSIS
 The S&P BSE Sensex surged over 350 points or over 1 per cent in trade
     on Wednesday and was Asia's top performing index. The rally in the
     index was led by gains in ICICI BankBSE 4.70 %, RILBSE 1.73 %, Axis
     BankBSE 3.57 % and State Bank of IndiaBSE 2.26 %.
 Tracking the momentum, the 50-share Nifty index also managed to
     surpass its crucial psychological level of 7600 in trade today, supported by
     gains in banks, realty, power and metal stocks.
 The BSE Sensex was trading 1.14 per cent higher or 321 points at 25550.
     It hit a low of 25,246.75 and a high of 2,5602.78 in trade today.
 The 50-share Nifty index was trading 1.20 per cent higher or 98 points at
     7,624. It hit a low of 7,532.45 and a high of 7,640.10 in trade today..
     /38423690.





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