Wednesday, 3 September 2014

Equity Trading Tips for 03/09/2014

ECONOMY ANALYSIS
 Record closing high again: Sensex above 27000, Nifty at 8089
 Cipla at new high, up 8%; respiratory drug launch in UK key
 Lanco Infra in talks to sell Rs 3500cr worth Babandh plant
 Oil Minister hints at deregulation of diesel rates
 ONGC says needs $6-7.15 gas price to break-even
 Tata bags order for 2,700 buses under JNNURM scheme


MARKET ANALYSIS
 As the Modi government completed 100 days today, the Indian markets were
     on a roll with benchmark indices hitting fresh record highs on the Street.
 In a first, the BSE Sensex crossed the 27,000-mark, rallying over 215 points;
     while the 50-share index Nifty breached 8,100 levels.
 The Sensex has jumped 1,100 points in just 12 trading sessions. The rally in
     the index today was led by gains in Cipla, Bharti Airtel, Sun Pharma and
     HDFC Bank.
 The S&P BSE Sensex closed at 27,019.39, up 151.84 points or 0.57 per cent.
     It touched all-time high of 27,082.85 and a low of 26,886.22 in trade.
 The 50-share index ended at 8,083.05, up 55.35 points or 0.69 per cent. It
     touched all-time high of 8,101.95 and a low of 8,036.55 in trade.
 Besides, BSE metal index and BSE cap goods index, all sectoral indices
     closed in green.
 The market capitalisation of the BSE hit an all time of Rs 94,43,734.



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