Free Equity Tips Today 19 July 2013

ECONOMY ANALYSIS:

 BSE Sensex soars 180 pts, Nifty climbs 65 pts; Bankex up 2%

 Axis Bank Q1 beats street, net up 22% to Rs 1409 cr

 Economy to recover slowly as RBI defends rupee: Poll

 Macquarie cuts India GDP outlook; sees INR at 61/$ by Dec

 Reliance Communications halves 3G data price

 TCS hits record high ahead of Q1 results

MARKET ANALYSIS:

 The S&P BSE Sensex surged in the afternoon to close 200 points following a sharp pull-back rally in beaten down banking stocks on the back of short-coverings.

 The 30-share index ended at 20,151.53, up 202.80 points or 0.47 per cent. It touched a high of 20,176.90 and a low of 19,956.20 in trade today.

 The Nifty closed at 6,040.20, up 66.90 points or 1.12 per cent. It touched a high of 6,051.10 and a low of 5,974.55 in trade today.

 The Bank Nifty surged 400 points from day's low to close at 11,195.60, up 224 points or 2.04 per cent.

 ONGC (4.74 per cent), HDFC Bank (3.19 per cent), BHELBSE 3.14 % (2.92 per cent), Hero MotoCorpBSE 2.34 % (2.70 per cent) and Tata PowerBSE 2.25 % (2.47 per cent) were among the major Sensex gainers.

 The market breadth was positive on the BSE with 966 gainers against 1,174 losers.