Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets were down -0.51% Nifty down by 30.35 pts and settle at 5956.90 Sensex down by 91.37 pts at 19659.82 Bank Nifty down by 80.60 pts at 12467.75
Global Market
European markets were up with FTSE up by 24.36 closed at 6271 ,CAC up by 25.16 closed at 3685 and DAX up by 4.50 closed at 7642. Dow future was up 42.00 closed at 13862.00
HEADLINES
Bharti Airtel to buyout its joint venture with Alcatel Lucent NMDC keeps February iron ore prices unchanged BHEL wins Rs 2,854 cr contract from Bihar Focusing outside borders to widen portfolio: IL&FS
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MARKET ANALYSIS:
Key benchmark indices dropped for the fourth day in a row on concerns that PSU disinvestment and reduction of promoter stake to meet the Securities & Exchange Board of India (Sebi) mandated minimum public shareholding of 25% for private companies and 10% for state-run firms will result in supply of equity in the market over the next few months. BSE Sensex was down 83.29 points or 0.42% to 19,667.90. S&P CNX Nifty was down 28.15 points or 0.47% to 5,959.10. Among the 30-share Sensex pack, 16 stocks fell while the rest of them rose. FMCG stocks, Hindustan Unilever, Marico, Godrej Consumer Products and Tata Global Beverages shed by 0.54% to 2.52%. JSW Energy fell 1.1%. The company today, 5 February 2013, said that Unit V of 135 megawatts (MW) of the 8X135MW Power Project at Barmer, Rajasthan, has been successfully commissioned and has achieved Commercial Operation Date (COD) from 5 February 2013. Most metal stocks declined. Sterlite Industries (India), Bhushan Steel, JSW Steel, Sail, Hindustan Zinc Jindal Steel & Power and Bhushan Steel shed by 0.2% to 2.71%. Tata Steel and Hindalco Industries rose by 0.4% to 0.46%.Telecom stocks dropped. Tata Teleservices (Maharashtra), Reliance Communications and Idea Cellular dropped by 0.4% to 1.54%.
FII DII
5-Feb-13 5-Feb-13
3256.71 817.08
2767.44 1756
489.27 -938.92
WELCORP PUNJLYOD
5885
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EXPERT OPINION
NIFTY
Nifty looks Consolidate Strategy: Sell on rise Support: 5910 Resistance: 6000
BANK NIFTY
4.14 2.56
Bank Nifty looks Consolidate Strategy: Sell on rise Support: 12390 Resistance: 12530 .0
1.78
439.95
762.07
433.30
6.65
1.53
344.90
1558.85
339.80
5.10
1.50
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
S S S S
UPCOMING RESULTS
APOLLO TYRES IRB INFRA MOIL TECH MAHINDRA
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MARKET CALLS
CASH
SCRIPS CAIRN INDIA AMBUJA ACTION SELL BUY LEVEL 320.00 203.00 1ST TARGET 318.00 204.00 2ND TARGET 316.00 205.00 STOP LOSS 322.00 202.00
FUTURE
SCRIPS . ADANI ENT SELL 241.50 239.50 237.50 243.50 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
BUY
435.00
437.00
439.00
433.00
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