Friday, 31 October 2014

Equity Trading Tips for 31 October 2014

ECONOMY ANALYSIS
 Sensex at new closing high, Nifty ends Oct expiry at 8169
 Maruti Suzuki Q2 net up 29%, board raises FII limit to 40%
 ICICI Bank Q2 profit, NII climb 15.2%; asset quality hit
 YES Bank Q2 profit up 30% on lower provision, strong NII
 Sadbhav's infra arm likely to file IPO papers by December
 Realty stocks rally as govt eases FDI norms


MARKET ANALYSIS
 The S&P BSE Sensex rallied about 300 points in intraday trade on Thursday
     to hit its fresh record high of 27390.60, at a time when other Asian markets
     were trading mixed after the Federal Reserve overnight ended its monthly
     bond-buying program that quadrupled its balance sheet to $4.4 trillion.
 The S&P BSE Sensex hit its all-time high after a flat start, led by gains in
     realty stocks, InfosysBSE 1.72 %, TCS, HDFC and Dr Reddy's Laboratories.
 The Sensex closed the day at 27,346.33; up 248.16 points. The 50-share Nifty
     shut shop at 8,169.20; up 78.75 points.
 The previous all-time high for Sensex was 27,354.99.
 The US Federal Reserve has ended its quantitative easing program, which it
     began five years ago, to keep economy afloat in the wake of a huge financial
     crisis.
 he US has ended its quantitative easing program, but inflows in Indian
     markets are likely to continue as other countries such as Japan and Europe are
     extending their easing monetary policy.

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