EQUITY TIPS ~ INTRADAY NIFTY UPDATES TODAY 17 JULY 2013

ECONOMY ANALYSIS:

 Sensex ends nearly 150 pts down; bank stocks tank
 Ashok Leyland posts Rs 142cr loss in Q1; shares hit 4-year low
 6% growth possible in FY14, steps taken to revive economy
 RBI opens new attack to clamp rupee free fall
 Exide gains 3% on strong operational performance in Q1
 RBI fines 22 banks, warns 7 for KYC violations

MARKET ANALYSIS:

 The S&P BSE Sensex pared some of the intraday losses and closed near 19,900 as some buying activity picked up in the afternoon after a sharp intraday correction. Realty and banks continued to remain under pressure as the Reserve Bank of India’s steps to stem rupee fall lowered hopes of interest rate cut.
 The 30-share index ended at 19,887.18, down 147.30 points or 0.74 per cent. It touched a high of 19,890.63 and a low of 19,649.58 in trade today.
 The Nifty closed at 5,963 down 67.80 points or 1.12 per cent. It touched a high of 5,966.05 and a low of 5,910.95 in trade today.
 ICICI BankBSE -5.61 % (5.61 per cent), SBI (4.57 per cent), HDFC (3.88 per cent), Jindal Steel (3.62 per cent) and L&T (3.42 per cent) were among the major Sensex losers.
 ITC (2.74 per cent), Bharti AirtelBSE 2.08 % (2.08 per cent), HULBSE 1.55 % (1.55 per cent), ONGC (1.28 per cent) and NTPCBSE 0.63 % (1.09 per cent) were among the gainers.