Wednesday, 24 September 2014

Equity Trading Tips for 24 September 2014

ECONOMY ANALYSIS
 Geopolitical tensions drag Sensex 431 pts; DLF, Cipla crash
 New listing: Sharda Cropchem up 76%, debuts at Rs 260
 NBCC at new high, up 400% YTD; Nomura still sees 49% upside
 Rashtriya Ispat files draft papers for IPO
 SAIL OFS deferred in September due to share price fall
 Tech Mahindra signs multi-year contract with Finnish co
 

MARKET ANALYSIS
 The S&P BSE Sensex posted its biggest single-day fall in two-and-a-half
     months on Tuesday tracking weak trend seen in other Asian markets.
 Global stocks saw some bit of profit booking on disappointment over
     European manufacturing data and concerns about an unemployment measure
     in a survey in China.
 The S&P BSE Sensex which bounced back in trade on Monday came under
     some intense selling pressure in trade on Tuesday. The index slipped as much
     as 462 points in trade to close below its crucial psychological level of 27000.
 The 30-share BSE Sensex closed at 26775.69, down 431 points or 1.58 per
     cent. It touched a high of 27256.87 and a low of 26744.07 in early trade.
 Tracking the momentum, the 50-share Nifty index slipped below its crucial
     psychological level of 8100 and is now trading near key support levels of
     8000.
 The 50-share Nifty index ended at 8017, down 128 point or 1.58 per cent. It
     touched a high of 8159.75 and a low of 8008.10 in early trade.


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