Friday, 1 August 2014

Daily Equity Trading Tips for August 01, 2014

ECONOMY ANALYSIS
 Nifty falls 70 points, most in 2-1/2 weeks on derivatives expiry
 Maruti Suzuki Q1 net up 21% on volume growth, other income
 HCC Q1 profit up 41% to Rs 27 cr, approves Rs 750 cr QIP
 HCL Tech Q4 net up 13% Q-o-Q, sales flat, margins dn 20 bps
 Eye Rs 300cr recoveries, 2.8% margins for FY15: K'taka Bank
 Tech Mahindra Q1 profit rises 2.7%, dollar revenue up 3.6%


MARKET ANALYSIS
 50-share Nifty fell nearly 1 per cent on Thursday, marking its biggest
     single-day fall in nearly 2-1/2 weeks as foreign investors sales and expiry
     of July derivatives weighed on blue-chips such as HDFC.
 HDFC provisionally fell 2.1 per cent while ITC ended down 0.6 per cent.
 The broader Nifty provisionally lost 0.9 per cent, marking its biggest
     single-day fall since July 11.
 The index, however, gained 1.4 per cent in July to notch up its third
     consecutive monthly gain.



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