Saturday, 23 August 2014

Equity Trading Tips for August 25, 2014

ECONOMY ANALYSIS
 Record high: Nifty ends above 7900, banks soar, IT rallies
 L&T shares gain further, wins 3 water project orders
 Sugar stocks rally after govt ups import duty to 25%
 Realtors won't offer more discounts; launching 2 projects in NCR
 Axis Bank to raise Rs 6,000 crore through bonds
 Arvind at new high, up for 6th day; arm to open Gap stores


MARKET ANALYSIS
 The benchmark indices made fresh closing highs today. The 50-share Nifty
      index ended the day at record 7,913.20 after hitting a new life high of 7,929.05
      in intraday trade on Friday. The gains in the index were led by PNB,
      HindalcoBSE 2.36 %, SBI, BoB and Tech Mahindra.
 Tracking the momentum, the S&P BSE Sensex also closed at record high of
      26419.55 after posting an impressive rally of 148 points intraday, supported
      by gains in banks, capital goods, oil & gas and metal stocks.
 The 50-share index closed at 7913.20, up 22.10 points or 0.28 per cent. It
      touched an all-time high of 7,929.05 and a low of 7,900.45 in trade today.
 The S&P BSE Sensex ended at 26419.55, up 59.44 points or 0.23 per cent. It
      touched a high of 26,508.27 and a low of 26,383.16 in trade today.


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