Saturday 11 October 2014

Equity Trading Tips for 13 October 2014

ECONOMY ANALYSIS
 Sensex plunges 340 pts; Tata Motors sinks 5%, Infosys up 7%
 Infosys Q2 net up 7%, $ revenue rises 3.1%, approves 1:1 bonus
 PNB cuts term deposit rates for up to 1 year to 8.5%
 Crude below $90/bbl; BPCL, Shalimar Paints, Apollo Tyres up
 See Aug IIP at 2.5%; Sept CPI may ease to 7%: JP Morgan
 FDI inflows to hit all-time high this fiscal: DIPP official
 

MARKET ANALYSIS
 The S&P BSE Sensex gave away almost all the gains of previous session as
     jittery investors pressed sales following sell-off in other global markets.
 The 30-share index ended at 26,297.38, down 339.9 points or 1.28 per cent. It
     touched a high of 26,555.92 and a low of 26,261.61 in trade today.
 The Nifty closed at 7,859.95, down 100.6 points or 1.26 per cent. It touched a
     high of 7,924.05 and a low of 7,848.45 in trade today.
 Tata Motors (4.80 per cent), Hindalco (4.53 per cent), Sesa Sterlite (4.13 per
     cent), Tata Steel (4.07 per cent) and M&M (3.44 per cent) were among the top
     losers.
 Infosys (up 6.49 per cent), BHEL (up 0.98 per cent), Hero MotoCorp (up 1
     per cent), Reliance (up 0.85 per cent) and Cipla (up 0.37 per cent) were
     among the Sensex gainers.
 The market breadth was negative on the BSE with 959 gainers against 1,925
     losers.

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