Friday, 12 September 2014

Today Equity Trading Tips for 12 September 2014

ECONOMY ANALYSIS
 Sensex, Nifty end in red; Sun Pharma, ONGC major losers
 Sun Pharma down 6% on surprise audit by USFDA at Halol unit
 Berger Paints eyes 11-12% margin growth aided by crude fall
 Post BP, Infy in race for another large deal worth $800 mn
 India Inc invests $1.25 bn overseas in Aug, down 49%
 TVS expects break even of its Indonesian arm in FY 15


MARKET ANALYSIS
 The Sensex and the Nifty closed on Thursday below the crucial psychological
     levels of 27,000 and 8,100, respectively, on the back of selling pressure
     witnessed by heavyweights like Sun Pharma, ONGC, TCS, ICICI Bank and
     Tata Motors.
 The S&P BSE Sensex ended at 26,995.87, down 61 points or 0.2 per cent. In
      intra-day deals it touched the high of 27,150 and a low of 26,904.
 The 50-share Nifty ended at 8,085.70, down 8 points or 0.1 per cent. In intra-
     day deals it touched the high of 8,128 and a low of 8,057.
 The broader markets outperformed the benchmark indices with the BSE mid-
     cap index closing at 9,956, up 105 points or 1 per cent, and the small-cap
     index advanced 1.4 per cent or 152 points to shut shop at 11,103 levels.
 State Bank of India, BHEL, Hero MotoCorp and HUL were among the top
     gainers of the Sensex pack.
 The overall market breadth was positive as 2007 stocks advanced while 1058
     declined.


 

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