Wednesday, 13 August 2014

Equity Trading Tips for August 13, 2014

ECONOMY ANALYSIS
 Modi slams Pakistan for proxy war against India
 See June IIP around 5.8%; July CPI ticking up to 7.6%: Poll
 US demands justice for 'unconscionable crime' of MH17
 India cuts 2014 monsoon rains forecast; says no evidence of drought
 Expect MIS revenue growth of 20% in FY15: Jain Irrigation
 Britannia plans up to Rs 200 cr capex over two years


MARKET ANALYSIS
 The S&P BSE Sensex rallied nearly 400 points in intraday trade on Tuesday
     led by gains in auto, capital goods and oil & gas sectors.
 Tracking the momentum, the 50-share Nifty index also surged over 100 points to
     close above its crucial psychological resistance level of 7700, supported by gains in
     Tata MotorsBSE 5.92 %, GAILBSE 6.02 %, HDFC, ONGCBSE 3.21 % and BPCL.
 The 30-share index closed at 25,880.77, up 361.53 points or 1.42 per cent. It
     touched intraday high of 25,904.98 and a low of 25,645.79 in trade today.
 The Nifty ended the trade at 7,727.05, up 101.10 points or 1.33 per cent. It touched
     an intraday high of 7,735.75 and a low of 7,654.80 in trade today.
 The foreign institutional investors were net sellers worth Rs 162.92 crore and
     domestic institutional investors were net buyers worth Rs 234.41 crore on Monday
     as per the provisional data from the National Stock Exchange.


http://www.researchvia.com/

No comments:

Post a Comment