Nifty Outlook ~ Intraday Stock Tips for Today

ECONOMY ANALYSIS:

 Nifty ends on flat note;capital goods, oil & gas down
 L&T Q1 misses forecast, net falls 12.5% to Rs 756 cr
 FY14 GDP growth risk at 5%; mid-term eco ‘stable’: Moody’s
 Deutsche Bank cuts India GDP forecast to 5%
 Reliance Communications halves 3G data price
 Deal pipeline strong; see stable Q2FY14: TCS

MARKET ANALYSIS:

 The Nifty gave away intraday gains and closed on a flat-to-positive note as investors booked profits in heavy weights like Reliance Industries, L&T and BHEL.
 The 50-share index ended at 6,030.65, up 1.45 points or 0.02 per cent. It touched a high of 6,064.15 and a low of 6,004.25 in trade today.
 The S&P BSE Sensex closed at 20,154.26, up 4.41 points or 0.02 per cent. It touched a high of 20,264.90 and a low of 20,065.69 in trade today.
 L&T (7.60 per cent), BHELBSE -7.05 % (6.97 per cent), Ambuja Cements (4.49 per cent), ONGC (3.31 per cent), Asian Paints (1.92 per cent) and Reliance IndustriesBSE -1.59 % (1.75 per cent) were among the major losers.
 L&T plunged most in a year after the engineering and construction major disappointed in its quarterly results. The company’s net profit fell to Rs 756 crore down 12.5 per cent as compared to a net profit of Rs 864 crore in the corresponding quarter last fiscal.
 The market breadth was negative on NSE with 517 gainers and 651 losers.