Thursday, 7 August 2014

Today Equity Trading Tips for August 07, 2014

ECONOMY ANALYSIS
 Spooky global cues: Sensex sheds 243 pts, Nifty ends below 7700
 LIC may invest Rs 60,000cr in Indian equities in FY15: Chmn
 HUL hits record high, jumps 4%; analysts bullish
 Adani Ports Q1 net profit jumps 36% at Rs 568cr
 Rupee falls to over 4-month low on global USD strength
 Analysts buy Marico; stock hits record high, up 15% post Q1


MARKET ANALYSIS
 In line with other global markets, the S&P BSE Sensex slipped as much as
     286 points in trade on Wednesday on escalating tensions over Ukraine
     which weighed on sentiments.
 Japanese shares dropped to a six-week closing low as tensions over
     Ukraine hit global equities. European stocks too fell as nervous investors
     took refuge in high-rated bonds on reports of a build-up of Russian troops
     near the border with Ukraine, Reuters reported.
 The partially convertible rupee was at 61.21/22 per dollar, after hitting
     61.2250, its lowest level since March 21.
 The Sensex closed at 25,665.27; down 242.74 points. It hit a day high of
     25,901.68 and a day low of 25,621.85.
 The Nifty ended at 7,672.05; down 74.50 points. It hit a day high of
     7,740.95 and a day low of 7,658.95.


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