Saturday, 6 December 2014

Equity Trading Tips for 08 December 2014

ECONOMY ANALYSIS
 Sensex ends 105 pts down; SAIL slips 2%, ITC gains 2%
 SAIL slips as OFS kicks off, Macquarie maintains underperform
 JSPL may raise $1 bn via bond issue
 Ashiana Housing at life high, enters Chennai realty market
 Selan Exploration up, RBI allows NRI/PIO to buy shares
 BSE changes circuit filter for Gati, Gammon, Radico, others

http://www.researchvia.com/free-trials/
MARKET ANALYSIS
 The benchmark Sensex today closed nearly 105 points down at 28,458.10
     buckling under fag-end profit booking in IT, oil & gas and healthcare
     shares, logging its first weekly loss in seven weeks.
 After opening in the positive zone at 28,604.50, the BSE Sensex surged to
     the day's high of 28,651.75 on continued overseas inflows and buying by
      retail investors.
 Soon after, however, it met with resistance at higher levels and fell back to
     settle at 28,458.10, a fall of 104.72 points or 0.37 per cent. Intra-day, it
     had touched a low of 28,409.05.
 On a weekly basis, the Sensex fell by about 236 points. This is its first
     weekly drop in seven weeks.
 On similar lines, the 50-share Nifty index ended 26.10 points, or 0.30 per
     cent, lower at 8,538.30. Fall in shares of Wipro, Tech Mahindra, Dr
     Reddys, BPCL, TCS, Sun Pharma, Infosys and CiplaBSE -1.75 % stocks
     weighed on the NSE barometer.
 It moved between 8,523.90 and 8,588.35 during the session on alternate
     bouts of buying and selling.


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