Saturday, 20 September 2014

Equity Trading Tips for 22/09/2014

ECONOMY ANALYSIS
 Sensex, Nifty close flat; TCS, Zee Ent rally; JSPL, L&T dip
 HCL Tech hits new high, to invest $ 9 mn in North Carolina
 ONGC invests Rs 81,890 cr to raise output & boost discoveries
 Opple forays into Indian mkt, aims Rs 450 cr sales in 3 yrs
 Moody's upgrades ratings of Tata Group firms
 Infosys inks largest office lease deal in Poland
 

MARKET ANALYSIS
 The Sensex today erased early gains to end 21.79 points down on losses in
     capital goods, oil & gas, and realty shares but recent gains helped the
     benchmark log its sixth week of gains, the longest in over two years.
 After opening in the positive zone at 27,139.39, the Sensex surged to touch
     the day's high of 27,247.17 on continued buying by foreign funds and retail
     investors on positive domestic and global cues.
 The gauge rallied 619.70 points in previous two sessions on the back of rising
     optimism over trade ties with China and Fed's continued pledge to retain rates
     at low levels.
 On a weekly basis, the Sensex gained 29.37 points as it registered its sixth
     straight week of rise.
 The 50-share NSE Nifty index managed to close in positive zone with a
     marginal gain of 6.70 points, or 0.08 per cent, at 8,121.45 as TCS, LupinBSE
     1.76 %, Maruti SuzukiBSE 1.29 %, Tata Steel, Axis BankBSE 0.57 % and
     CiplaBSE 1.22 % stocks gained.


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