Monday, 4 August 2014

Equity Trading Tips for August 04, 2014

ECONOMY ANALYSIS
 Nifty ends at 7602, Sensex sheds 414 on global woes; Maruti up
 Union Bank Q1 profit up 18.5% on lower provision, NPA rises
 HSBC manufacturing PMI jumps to 17-month high in July
 Bharti, Idea rally 3-4% on hopes of tariff hike by 8-9%
 China July official PMI rises to 51.7 from 51 in June
 Hero MotoCorp sales up 8.67% in July
 

MARKET ANALYSIS
 The S&P BSE Sensex came under intense selling pressure in the last 1
     hour of trade on Friday, falling as much as 435 points, which also marked
     its biggest single-day fall since July 8.
 Tracking the momentum, the 50-share Nifty index also slipped below its
     crucial psychological level of 7600 in trade, marking its biggest fall in 3-
     1/2 weeks - weighed down by losses in realty, banks, pharma and auto
     stocks.
 The BSE Sensex finally ended 1.6 per cent or 414 points lower at 25,480.
     It hit a low of 25,459.13 and a high of 25,862.68 in trade today.
 The 50-share Nifty index closed 1.5per cent or 118.70 points lower at
     7,602.60. It hit a low of 7593.90 and a high of 7716.70 in trade today.



No comments:

Post a Comment