Wednesday, 10 December 2014

Equity Trading Tips for December 10, 2014

ECONOMY ANALYSIS
 Sensex tanks 322 pts, Nifty ends at 8341; midcaps & metals bleed
 Cairn, ONGC slump; Macquarie cuts target on oil price fall
 SAT to hear DLF plea against Sebi order on Wednesday
 Co registrations decline by half in Apr-Aug 2014
 Duty hike on petrol, diesel to fetch Rs 10,500 cr
 Rs 11,488 cr utilised under NHRM till Oct: Govt
 
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MARKET ANALYSIS
 The S&P BSE Sensex plunged as much as 356 points in trade on Tuesday,
     after a sudden sell-off in Chinese markets led to a correction in other
     Asian markets, including India.
 The Nifty slipped below its crucial psychological support level 8,350 and
     was trading at its November 20 lows. The S&P BSE Sensex also slipped
     below its crucial support level of 28000 in trade today, led by losses in
     ONGC, L&T, ITC and ICICI Bank.
 The S&P BSE Sensex finally closed at 27,797.01; down 322.39 points or
     1.15 per cent. It hit a low of 27,763.82 and a high of 28,157.53 in trade
     today.
 The 50-share Nifty index ended at 8,340.70, down 97.55 points or 1.16
     per cent. It hit a low of 8330.50 and a high of 8444.50 in trade today.
 The S&P BSE Midcap Index closed 1.57 per cent lower and the S&P BSE
     Smallcap Index declined 1.59 per cent.
 Sesa Sterlite (5.1 per cent), Bharti Airtel (4.2 per cent), Tata Power (4.1
     per cent), ONGC (4.4 per cent) and NTPC (3.5 per cent) were among the
     major Nifty losers.



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