Thursday, 4 September 2014

Equity Trading Tips for 04 september 2014

ECONOMY ANALYSIS
 Nifty closes above 8100 for 1st time; TCS, Infosys lead
 Tata Motors up 3%; Analysts bullish on JLR launch, CV sales
 HPCL, BPCL, IOC at multi-year high as Brent at 16-month low
 CCI gives green signal to L&T-CPP Investment deal
 MTNL surges over 7% on BSNL merger cut off date
 Tata bags order for 2,700 buses under JNNURM scheme


MARKET ANALYSIS
 The benchmark indices continued with their record-breaking rally for the ninth
     bstraight session on Wednesday, buoyed by media reports of Russia-Ukraine
     ceasefire.
 The S&P BSE Sensex rallied nearly 206 points in trade to hit its fresh record
     high of 27,225.85, while the Nifty rose nearly 59 points in trade to hit its fresh
     life high of 8,141.90.
 The 30-share index closed at 27,139.94, up 120.55 points or 0.45 per cent. It
     touched a fresh record high of 27,225.85 and a low of 27,067.02 in trade
     today.
 The Nifty ended at 8,111.50 up 28.45 points or 0.35 per cent. It touched an
     intraday high of 8,141.90 and a low of 8,092.25 in trade today.
 The rally in BSE Sensex was led by Coal IndiaBSE 3.40 %, InfosysBSE 3.41
     %, Bharti AirtelBSE 2.87 % and Wipro. Among the sectoral indices, BSE IT
     was the top gainer followed by BSE Realty and BSE Metal.


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