Thursday, 31 July 2014

Equity Trading Tips for July 31, 2014

ECONOMY ANALYSIS
 Sensex ends at 26,087; 5 stocks which hit 52-wk high
 SpiceJet shares plunge 18.5% on reports of financial stress
 Cadila Health Q1 profit up 23% to Rs 240 cr led by US sales
 Bharat Forge Q1 net up 60% at Rs 145 cr
 Kalindee Rail sees 15-20% revenue growth for FY15
 Dr Reddy's Q1 profit up 52% on strong North America sales


MARKET ANALYSIS
 The S&P BSE Sensex recouped its intraday losses of 141 points in trade on
     Wednesday and closed above its crucial psychological level of 26000, led
     by gains in ICICI BankBSE 2.62 %, ITCBSE 0.56 %, Bharti AirtelBSE
     5.26 % and HDFC BankBSE 1.08 %.
 Tracking the momentum, the 50-share Nifty index also managed to reclaim
     its crucial psychological level of 7750, supported by gains in consumer
     durable, banks, pharma and FMCG stocks.
 The BSE Sensex finally ended 0.37 per cent higher or 96 points at 26,087.
     It hit a low of 25,850.04 and a high of 26,113.48 in trade today.
 The 50-share Nifty index closed 0.55 per cent higher or 42 points at
     7,791.40. It hit a low of 7707.60 and a high of 7798.70 in trade today.



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