Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets were down 0.10% Nifty down by 5.65 pts and settle at 5897.85 Sensex down by 27.49 pts at 19457.28 Bank Nifty up by 52.85 pts at 12333.00
Global Market
European markets were up with FTSE up by 27.84 closed at 6291 ,CAC up by 21.14 closed at 3670 and DAX up by 19.81 closed at 7671. Dow future was up 35.00 closed at 13961.00
HEADLINES
Tata Power Q3 loss at Rs 329cr on provision for impairment Indraprastha Gas to buy 50% in Central UP gas, shares rise Punj Lloyd Q3 profit likely to drop 85% YoY to Rs 11 cr Confident of double digit revenue growth in 2013: Hexaware
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MARKET ANALYSIS:
Key benchmark indices edged lower after hawkish comments on inflation from Reserve Bank of India Governor D. Subbarao. BSE Sensex was down 27.49 points or 0.14% to 19,457.28. S&P CNX Nifty was down 6.40 points or 0.11% to 5,897.10. Among the 30-share Sensex pack, 16 stocks fell while the rest of them rose. ONGC fell 1.52% ahead of its Q3 results today, 11 February 2013. Oil India rose 0.82%. Capital goods stocks edged lower. Bhel, BEML, L&T, Siemens and Thermax dropped by 0.18% to 3.36%. Tata Power Company rose 0.82% Realty stocks gained on renewed buying. HDIL, Sobha Developers and Phoenix Mills gained by 0.94% to 1.76%. Unitech fell 0.57%. Pharma stocks rose on renewed buying. Cipla, Dr Reddy's Laboratories and Wockhardt rose by 0.28% to 3.86%. Some PSU shares surged after strong investor response to the divestment of government's 9.5% stake in NTPC last week. MMTC, State Trading Corporation of India, Hindustan Copper, Dredging Corporation of India, Neyveli Lignite, NMDC and Engineers India rose 0.3% to 20%. Index heavyweight and cigarette maker ITC fell 0.71% to Rs 299.50.
FII DII
11-Feb-13 11-Feb-13
3630.49 668.09
2634.66 1608.99
995.83 -940.9
5765
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EXPERT OPINION
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5850 Resistance: 5940
BANK NIFTY
3.77 2.98
Bank Nifty looks Bearish Strategy: Sell on rise Support: 12260 Resistance: 12400 .0
2.37
1898.85
1059.85
1855.40
43.45
2.34
290.90
5157.39
285.40
5.50
1.93
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
S S S S
ACC IDFC Jindal Steel & Power Maruti Suzuki Bharti Airtel
UPCOMING RESULTS
CESC SAIL OIL INDIA IFCI
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MARKET CALLS
CASH
SCRIPS PUNJ LLYOD ONGC ACTION BUY SELL LEVEL 52.50 307.05 1ST TARGET 52.75 305.05 2ND TARGET 53.00 302.05 STOP LOSS 52.25 309.05
FUTURE
SCRIPS . IDFC SELL 157.50 156.50 155.00 158.50 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
INDUSIND BANK
BUY
431.00
433.00
436.00
429.00
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