Tuesday, 22 July 2014

Today Equity Trading Tips for July 22,2014

ECONOMY ANALYSIS
 Sensex, Nifty end flat; HDFC up 3%, Reliance & ITC gain
 Canara Bank Q1 profit rises 1.9%, asset quality weakens
 HDFC Bank Q1 net misses forecast, rises 21% to Rs 2,233 cr
 Tata Metaliks turn profitable with Q1 net at Rs 34.3 cr
 FTIL to sell 15% in MCX to Kotak Mahindra for Rs 459 cr
 Ultratech Cement falls 3%, brokerages downgrade post Q1 nos
 

MARKET ANALYSIS
 The S&P BSE Sensex pared its morning gains of over 200 points and
     ended the trade in green on Monday, led by gains in RILBSE 2.11 %,
     HDFC, HDFC BankBSE -0.53 % and ITCBSE 1.42 %.
 Tracking the momentum, the 50-share Nifty index also reclaimed its
     crucial psychological level of 7700, supported by gains in oil & gas,
     consumer durable, realty, banks and power stocks.
 The BSE Sensex ended 0.29 per cent higher or 73.61 points at 25715.17.
     It hit a low of 25,677.71 and a high of 25,861.15 in trade today.
 The 50-share Nifty index closed 0.26 per cent higher or 26.10 points at
     7,684.20. It hit a low of 7,674 and a high of 7,722.10 in trade today.



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