Monday, 12 August 2013

Equity Cash Tips & Market Updates For Tomorrow 13 Aug 2013

ECONOMY ANALYSIS:

 SBI Q1 net falls 14% on higher provisions against bad loans 
 HDIL says lender withdraws default notice against promoters 
 Banking on Zumba, Reduce to boost performance: Talwalkars 
 Exide Industries standalone Jun '13 sales at Rs 1,627.47 crore 
 Nomura joins downgrade brigade, cuts Sensex target to 20K
 Exports grows by 11.6% to $25.83bn in JulySee

MARKET ANALYSIS:

 The S&P BSE Sensex extended for second straight session and closed at 18,900 on the back of gains in metals, healthcare and FMCG sectors.
 The S&P BSE Sensex ended at 18,900.24, up 110.90 points or 0.59 per cent. It touched a high of 19,066.97 and a low of 18,796.01 in trade today.
 The Nifty closed at 5,600.95, up 35.30 points or 0.63 per cent. It touched a high of 5,644.10 and a low of 5,557.10 in trade today.
 The S&P BSE Bankex was down 1.41 per cent and the S&P BSE Oil & gas Index slipped 0.76 per cent.
 SBI (3.41 per cent), Tata PowerBSE -3.28 % (3.28 per cent), Reliance IndustriesBSE -2.33 % (2.33 per cent), Dr Reddy's Laboratories (1.75 per cent).

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