Equity Trading Tips
Key standard indices edged higher in early trade as firmness in Asian stocks raised sentiment. The barometer index, the S&P BSE Sensex was contemporary up 112.02 points or 0.39 per cent at 28,558.14. The market breadth indicating the overall health of the market was strong.

Cement major ACC declined ahead of its Q2 June 2015 effects today, 17 July 2015. Capital goods and power stocks gained.

In overseas markets, Asian stocks rose helped by a rise in Chinese shares. US stocks obtained yesterday, 16 July 2015, with the Nasdaq Composite Index striking a record high after earnings reports from eBay and Netflix boosted optimism.

At 9:27 IST, the S&P BSE Sen-sex was up 112.02 points or 0.39% at 28,558.14. The index gained 130.20 points at the day's high of 28,576.32 in early trade. The index rose 22.70 points at the day's low of 28,468.82 in early trade.

The CNX Nifty was up 24.35 points or 0.28% at 8,632.40. The index hit a high of 8,635.75 in intraday trade. The index hit a low of 8,613.95 in intraday trade.

The market breadth indicating the overall health of the market was strong. On BSE, 1,048 shares gained and 379 shares fell. A total of 47 shares were unchanged.

The BSE Mid-Cap index was up 26.01 points or 0.23% at 11,224.25, carrying out the Sen-sex. The BSE Small-Cap index was up 78.58 points or 0.67% at 11,744.01, outperforming the Sen-sex.

Cement major ACC declined 1.52% ahead of its Q2 June 2015 results today, 17 July 2015.

Tata Motors declined 0.48%. The company after market hours yesterday, 16 July 2015, announced that its global wholesales, including Jaguar Land Rover (JLR), remained flat on year-on-year basis at 76,602 units in June 2015. Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range remained flat on year-on-year basis at 31,083 units in June 2015. Global wholesales of all passenger vehicles rose 3% to 45,519 units in June 2015 over June 2014. Global wholesales of Tata Motors passenger vehicles rose 29% to 10,611 units in June 2015 over June 2014.

Global wholesales for Jaguar Land Rover (JLR) stood at 34,908 vehicles (including CJLR wholesales) in June 2015. Jaguar wholesales were 7,087 vehicles while Land Rover wholesales were 27,821 vehicles in June 2015. CJLR is a joint venture between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.

The quantum of and the spatial distribution of rainfall this month holds key, with July being a crucial month for the sowing of Kharif crops. The June-September southwest monsoon is critical for the country's agriculture because a considerable part of the country's farmland is dependent on the rains for irrigation.

In overseas markets, Asian stocks rose today, 17 July 2015, helped by a rise in Chinese shares. Key benchmark indices in Taiwan, Singapore, and Japan rose 0.03% to 0.44%. South Korea's Kospi fell 0.6%.

China's Shanghai Composite rose 1.39%. In Hong Kong, the Hang Seng index rose 0.98%.

In Europe, Europe moved to re-open funding to Greece's stricken economy yesterday, 16 July 2015, after the parliament in Athens approved a new bailout program in a fractious vote that left the government without a plurality. The European Central Bank increased emergency funding for Greek lenders, although capital commands will have to remain in place to avoid a run on the banks when they re-begin Monday, 20 July 2015.

European Union finance ministers also approved 7 billion euros ($7.6 billion) in bridge loans to Greece, admitting it to make a bond payment to the ECB on Monday, 20 July 2015, and clear its money with the International Monetary Fund.