Thursday, 18 December 2014

Equity Trading Tips for December 18, 2014

ECONOMY ANALYSIS
 Sensex ends 71 pts down, Nifty below 8050; ITC falls 3%
 M&M slips 2%, production halt likely for 7 days in a month
 NMDC up 4%; govt asks co to ramp up production to 100 mtpa
 Govt receives 4,896 queries on 'Make in India' portal
 ONGC to use RIL payments to clear Venezuela dues
 Coal imports rise 7% to three-month high in Nov


http://www.researchvia.com/free-trials/
MARKET ANALYSIS
 The S&P BSE Sensex which cracked 312 points in trade on Wednesday,
     managed to recoup losses as media reports suggested that the state-run Life
     Insurance Corporation of India started buying shares to stem market fall.
 Life Insurance Corporation of India started buying shares, Reuters said in a
     report quoting three dealers handling trades for institutional clients.
 The S&P BSE Sensex finally closed 71.31 points lower or 0.27 per cent at
     26,710.13. It hit a low of 26,469.42 and a high of 26,871.91 in trade today.
 Tracking the momentum, the 50-share Nifty index also managed to reclaim
     its crucial psychological level of 8,000 supported by gains in banks, metal
     and oil & gas stocks.
 The Nifty index finally ended 37.80 points lower or 0.47 per cent at
     8029.80. It hit a low of 7,961.35 and a high of 8,082 in trade today.
 The partially convertible rupee was trading at 63.63 per dollar at 03:40 pm,
     after weakening to as much as 63.89, its lowest since November 13, 2013. It
     had closed at 63.53/54 on Tuesday.



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