Thursday, 28 August 2014

Daily Equity Trading Tips for August 28, 2014

ECONOMY ANALYSIS
 Sensex closes 117 pts higher; ONGC, ICICI Bank lead
 Debt-reduction on RComm's agenda; may pare it by Rs 40k cr
 GVK MIAL inks property development deal worth Rs 580 cr
 BEL, BEML, Astra Micro up 5-8% on hike in defence FDI limit
 Supreme Court directs DLF to pay Rs 630 cr penalty
 Bajaj Auto up 2%, Deutsche Bank upgrades to hold from sell


MARKET ANALYSIS
 Indian stocks rose for the fifth day with benchmark Sensex today vaulting
     117.34 points to a new closing peak for the third session in a row on hopes of
     fresh stimulus in Eurozone and positive Asian cues after investors welcomed
     data indicating the US economy is back on track.
 The 30-share BSE Sensex touched intra-day high of 26,599.12 points on rise
      in ICICI Bank, ONGC, Tata Motors, Dr Reddy, Wipro, Infosys, Hindalco and
      HeroMotocorp shares.
 It surrendered some of gains later but managed to settle at new record high of
     26,560.15, logging a rise of 117.34 points, or 0.44 per cent. It surpassed
     previous record peaks of 26,442.81 hit yesterday and 26,437.02 on August 25.
 Similarly, the 50-share NSE Nifty gained 31.30 points, or 0.40 per cent, to
     settle at new closing peak of 7,936.05, surpassing earlier record closing high
     of 7,913.20 hit on August 22. Intra-day today, it touched high of 7,946.85.


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