Thursday, 11 September 2014

Equity Trading Tips for 11 September 2014

ECONOMY ANALYSIS
 Sensex plunges 208 pts, Nifty below 8100; ITC, Infosys fall 2%
 United Spirits slips 2% post 3 independent directors' exit
 ABG Shipyard up 17% on initial CDR infusion of Rs 650 cr
 ICICI Bank gains 1% on board's approval of stock split
 Domestic car sales up 15.16%, bikes 14.45% in Aug
 ITC slips 2%, govt may impose tighter norms on smoking


MARKET ANALYSIS
 The benchmark Sensex today logged its worst single-day fall in over a month
     as it slipped about 208 points to end at 27,057.41 hit by losses in bluechips,
     including RIL, Infosys and ITC, on sustained profit-booking after the recent
     rally and weak global cues.
 The 30-share BSE index remained in negative territory during the session on
     widespread selling. It slumped to a low of 27,018.11, before ending at
     27,057.41 -- a net loss of 207.91 points, or 0.76 per cent. This is its second
     straight session of declines after it slipped by 54.53 points Tuesday.
 Today's nearly 208-point drop is the biggest fall for Sensex since it lost 259.87
     points on August 8, 2014.
 On similar lines, the National Stock Exchange index Nifty fell below the
     crucial 8,100 mark and closed 58.85 points, or 0.72 per cent, down at 8,094.10
     today. It had lost 20.95 points in the previous session.


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