FREE EQUITY TRADING TIPS OF 10/02/2015

DAILY MARKET ANALYSIS

Exit poll results pointing to an AAP win in Delhi and muted earnings knocked the S&P BSE Sensex down by as much as 490 points in trade on Monday. HDFC, ICICI Bank, L&T, ITC and ITC led the losses.

 

Tracking the momentum, the 50-share Nifty index also slipped below its crucial psychological level of 8550, weighed down by losses in capital goods, auto, power, realty and banking stocks.

 

The 30-share index finally closed at 28,227.39, down 490.52 points or 1.71 percent. It touched a high of 28566.50 and a low of 28183.32 in trade today.

 

The Nifty ended at 8,526.35 down 134.70 points or 1.56 percent. It touched a high of 8605.55 and a low of 8516.35 in trade today.

 

Dr Reddy's Laboratories (up 1.8 percent), Bajaj Auto (up 1.76 percent), ONGC (up 1.5 percent), and Sun Pharma (up 1.3 percent) were among the major Sensex gainers.

ECONOMY ANALYSIS

 Sensex tanks 490 pts; Delhi exit polls, L&T Q3 nos weigh
 Mowat fancies EMs due to falling rates, commodity prices
 Wockhardt rises 5% on Citi upgrade post firm Q3 results
 L&T Q3 profit slips 14.6%, cuts order flow guidance; stock tanks8%
 India Ratings pegs fertiliser subsidy for FY16 at Rs 71,000 cr