Tuesday, 29 July 2014

Today Equity Trading Tips for July 30,2014

ECONOMY ANALYSIS
 Sensex closes below 26000; HUL gains 3.5% on Q1 nos
 Vijaya Bank Q1 profit up 21% at Rs 161.5 cr
 Dabur India Q1 net profit up 13% at Rs 211 cr
 Godrej Consumer Products Q1 misses estimates, profit up 8%
 L&T Q1 PAT seen up 11.4%, order inflow may remain strong
 Havells Q1 profit rises 13%, Sylvania net at euro 0.3 mn


MARKET ANALYSIS
 The benchmark Sensex today fell for second straight day and ended 135.52
     points down at a one-week low of 25,991.23 as investors booked profits in
     metal, oil & gas and realty shares after the recent rally.
 Stock markets opened on a better note with the 30-scrip Sensex touching
     the day's high of 26,181.83 points in early trade. It later slipped below the
     26,000- -mark on across the board profit booking by participants and
     closed 135.52 points, or 0.52 per cent, down at 25,991.23. Intra-day, it had
     touched a low of 25.900.25.
 Today's Sensex closing is the weakest since 25,715.17 on July 21, 2014.
     On Friday, it had shed 145.10 points, snapping a record 8-day upmove in
     which the Sensex rose over 5 percent.
 Meanwhile, the 50-share Nifty of the National Stock Exchange lost 41.75
     points, or 0.54 per cent, to settle at a one-week low of 7,748.70 in its
     second day of declines. During the session, Nifty shuttled between
     7,799.90 and 7,722.65.



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