Showing posts with label Equity Tips. Show all posts
INDIAN BENCHMARKS surges…Nifty past 8,000 to record high
INDIAN EQUITY BENCHMARKS
surged with nifty past the psychologically important 8,000 level for
the first time gained after better-than-expected quarterly GDP data.
• Voltas gained 2 percent as Bank of America Merrill Lynch reiterates buy rating on the stock with an increased target price of Rs 305 per share.
• Further, Bharti Airtel climbed 1.7 percent after Airtel Network Kenya has acquired 2.7 million subscribers of Essar telecommunications Kenya.
The crucial resistance for Nifty is now seen at 8035 and above this 8070. Support for the immediate term is now placed at 7980 and next support will be 7920.
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MORNING MAIL 27 August 2014
INDIAN BENCHMARK open on a bullish note tracking a
firm trend across markets in Asia after reports from US indicated that the
world’s largest economy is strengthening.
FURTHER, Shares of defence equipment
makers rose after the government notifies increase in FDI limit to 49% through
approval route in the defence sector. ONGC rose over 2%, on hopes of reforms on subsidies
and gas prices ahead of ONGC's share sale.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs
were net sellers of Rs. 259cr, as per the provisional figures released by
the NSE.
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INDIAN BENCHMARKS closes marginally higher… PSU banks gains
INDIAN EQUITY
BENCHMARKS
ended marginally higher led by gains in bank shares after Finance
Minister Arun Jaitley today said that the government was working towards
bringing in more professionalism in the functioning of banks and improving risk
management, amid the backdrop of the recent scams in some public sector banks.
·
Shares of Dr. Reddy's Laboratories ended
lower by 1.5% after report stated that the company was in talks with a US
regulator over allegations it violated packaging rules for some prescription
drugs sold there between 2008 and 2012.
·
Further, Zee Entertainment rose over a
percent as it is all set to replace United Spirits in CNX Nifty with effect
from the September 19.
The crucial resistance for Nifty is now seen at 7920
and above this 7945. Support for the immediate term is now placed at
7855 and next support will be 7780.
