Thursday, 18 September 2014

Daily Equity Trading Tips for 18 September 2014

ECONOMY ANALYSIS
 Sensex up 139 pts, Nifty firm ahead of FOMC meet outcome
 Jubilant Food falls 3%; Citi cautious on growth concerns
 Kotak's new arbitrage fund aims 8-10% post-tax returns
 Regulatory uncertainty may delay RPower-Jaypee deal
 Diesel prices will not be touched till October 15
 Cairn makes 3 more oil discoveries in Rajasthan
 

MARKET ANALYSIS
 The Nifty closed in the positive terrain after two-day decline, even as
     concerns over US Federal Reserve's statement on interest rates remain.
 The 50-share index ended at 7,974.75, up 41.85 points or 0.53 per cent. It
     touched a high of 7,990.65 and a low of 7,936.95 in trade today.
 The S&P BSE Sensex closed at 26,631.29, up 138.78 points or 0.52 per cent.
     It touched a high of 26,682.64 and a low of 26,511.71 in trade today.
 The S&P BSE Midcap Index was up 0.25 per cent and the S&P BSE
    Smallcap Index gained 0.31 per cent.
 Among the sectoral indices, the S&P BSE IT Index was up 1.52 per cent, the
     S&P BSE Power Index moved 1.35 per cent higher and the S&P BSE Auto
     Index gained 1.02 per cent.
 The market breadth was positive on the NSE with 536 gainers against 526
     losers.

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