Daily Equity Tips

ECONOMY ANALYSIS:

 Sensex ends near day’s high; Nifty hits 5,900

 Hero MotoCorp to buy 49% stake in Erik Buell Racing for $25m

 Rate cut not likely in July; HDFC margins seen unaffected this year

 FIIs pull out $7.5 bn from Indian capital mkts in June

 Maruti's total sales down 12.6 per cent in June

MARKET ANALYSIS:

 The Sensex extended intraday rally and closed near the day's high on Monday, led by gains in realty, power and capital goods sectors as institutional investors turned buyers.

 The 30-share index ended at 19,577.39, up 181.58 points or 0.94 per cent. It touched a high of 19,598.43 and a low of 19,347.57 in trade today.

 The Nifty closed at 5,898.85, up 56.65 points or 0.97 per cent. It touched a high of 5,904.35 and a low of 5,822.20 in trade today.

 IT stocks such as TCS, HCL TechnologiesBSE -2.20 % and Infosys came under pressure in the morning trade on Monday, weighed down by continued concerns of immigration bill as well as job cuts.

 The market breadth was positive on the BSE with 1,611 gainers against 767 losers.

 Foreign institutional investors bought shares worth Rs 1,124.31 crore and domestic institutional investors sold equities worth Rs 581.28 crore on Friday as per the provisional data from the National Stock Exchange.