Free Equity Tips Today 03 July 2013

ECONOMY ANALYSIS:-

 Sensex ends 120 pts down; Jindal Steel, ONGC, Maruti losers
 RBI cracks down on speculative forex trading: Sources
 Bajaj Auto June sales skid 14% to 2.96 lakh units
 No ceiling on number of new bank licences: Chidambaram
 Maruti’s total sales down 12.6 per cent in June
 Regulators addressing issues on Jet-Etihad deal

MARKET ANALYSIS:-

 The Nifty closed in the red near support of 5,850 as investors resorted to profit booking after three-day upmove led by institutional buying activity. Weak cues from European markets also hurt sentiment.
 The 50-share index ended at 5,857.25, down 41.60 points or 0.71 per cent. It touched a high of 5,898.80 and a low of 5,852.30 in trade today.
 The S&P BSE Sensex closed at 19,455.02, down 122.37 points or 0.63 per cent. It touched a high of 19,589.14 and a low of 19,442.75 in trade today.
 Jindal Steel (4.05 per cent), DLF (2.91 per cent), Axis Bank (2.72 per cent) Tata Power (2.54 per cent) and Reliance Infrastructure (2.36 per cent) were among top Nifty losers.
 Ranbaxy Laboratories (6.92 per cent), Lupin (3.06 per cent), GAIL (2.52 per cent) BHEL (2.37 per cent) and Bharti Airtel (1.98 per cent) were among the top gainers.
 The market breadth was negative on the NSE with 619 gainers against 673 losers.