Equity Trading Tips for August 06, 2014

ECONOMY ANALYSIS
 Nifty ends tad below 7750, Sensex up; M&M, ONGC gain 3-4%
 Inflation wary RBI stays repo, CRR rates; cuts SLR by 50bps
 SRF surges 20%, robust sales drive Q1 net profit up 127%
 Petronet LNG slips 5%, JP Morgan downgrades on margin woes
 Hero Motocorp Q1 profit may rise 15.2% to Rs 632 cr: Poll
 Analysts buy Marico; stock hits record high, up 15% post Q1

MARKET ANALYSIS
 RBI Governor Raghuram Rajan assured investors in a press conference on
     Tuesday that there is still room to cut rates in the near future provided
     disinflations continues which pushed the Sensex by over 200 points higher.
 Reacting to the news, the market remained volatile with wild swings on
     either side. The Sensex fell as much as 161 points in trade today.
 The 30-share index closed at 25,908.01, up 184.85 points or 0.72 per cent.
     It touched intraday high of 25,928.32 and a low of 25,562.36 in trade
     today.
 The Nifty was at 7,746.55 up 62.90 points or 0.82 per cent. It touched an
     intraday high of 7,752.45 and a low of 7,638.05 in trade today.
 The RBI in its third bi-monthly monetary policy statement for 2014-15
     kept the repo rate unchanged at 8 per cent. The reverse repo rate was kept
     unchanged at 7 per cent and cash reserve ratio (CRR) was maintained at 4
     per cent. SLR, which is the portion of bank deposits that banks have to
     mandatorily invest in government bond, was slashed by 50 bps to 22%.

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