Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets were up 1.16% Nifty up by 63.60 pts and settle at 5558.70 Sensex up by 187.97 pts at 18414.45 Bank Nifty up by 193.10 pts at 11122.25
Global Market
European markets were up with FTSE up by 48.31 closed at 6361 ,CAC up by 46.21 closed at 3716 and DAX up 91.04 closed at 7728 Dow future was 14656.00 up by 46 closed at
HEADLINES
FY13 car sales drop 7%, 1st fall in decade: SIAM Heari ONGC's FY14 output target at 28.6 MT Shasun Pharma in licensing pact with Debiopharm Group Reliance Infrastructure to slash tariff by 37% in Goa
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MARKET ANALYSIS:
Key benchmark indices edged higher, snapping five-day losing steak, as gains in European stocks boosted sentiment. The barometer index, the S&P BSE Sensex, was provisionally up 168.94 points or 0.93%, up about 220 points from the day's low and off close to 65 points from the day's high. Index heavyweight and cigarette maker ITC edged lower in volatile trade. Another index heavyweight Reliance Industries (RIL) edged higher. IT stocks rose. Bank stocks also gained. The market breadth was negative. Except the BSE FMCG index, all the other sectoral indices on BSE were in the green. The market edged higher amid initial volatility. Key benchmark indices regained positive zone after slipping into the red for a brief period in morning trade. Key benchmark indices edged higher after swinging alternately between positive and negative terrain in mid-morning trade. The Sensex hovered in the positive terrain in early afternoon trade. Key benchmark indices firmed up in afternoon trade after European markets opened higher. The CNX Nifty was up 53.05 points or 0.97% to 5,548.15, as per provisional figures. The index hit a high of 5,569.25 in intraday trade. The index hit a low of 5,477.20 in intraday trade, its lowest level since 5 October 2012. Among the 30-share Sensex pack, 21 stocks rose while rest of them fell. PSU bank stocks, Bank of India, Canara Bank, Union Bank of India, Bank of Baroda and Punjab National Bank gained by 0.86% to 2.8%.
FII DII
10-Apr-13 10-Apr-13
2822.16 841.82
2781.94 644.53
40.22 197.29
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EXPERT OPINION
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5500 Resistance: 5600
BANK NIFTY
4.68 4.01
Bank Nifty looks Bearish Strategy: Sell on rise Support: 11080 Resistance: 11200 460
.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH CASH
S S S S
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MARKET CALLS
6
SCRIPS ONGC PANTALOON ACTION BUY BUY LEVEL 303.50 153.00
CASH
1ST TARGET 306.50 155.00 2ND TARGET 309.50 157.00 STOP LOSS 312.50 151.00
FUTURE
SCRIPS . TATA MOTORS BUY 269.00 271.00 273.00 267.00 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
ANDHRA BANK
BUY
92.60
93.10
93.60
92.10
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