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Daily Equity Newsletter: Indian Market

- The Indian equity markets declined with the Nifty down 65.45 points and Sensex down 299.64 points, while the Bank Nifty rose 103.60 points. European markets also declined with major indices closing lower. - Key benchmark indices declined as Infosys shares fell sharply after its weak revenue guidance, dragging other IT stocks lower. Weakness in global markets also weighed on sentiment. - The report provides analysis of key market movements and provides buy and sell recommendations for specific stocks.

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50 views

Daily Equity Newsletter: Indian Market

- The Indian equity markets declined with the Nifty down 65.45 points and Sensex down 299.64 points, while the Bank Nifty rose 103.60 points. European markets also declined with major indices closing lower. - Key benchmark indices declined as Infosys shares fell sharply after its weak revenue guidance, dragging other IT stocks lower. Weakness in global markets also weighed on sentiment. - The report provides analysis of key market movements and provides buy and sell recommendations for specific stocks.

Uploaded by

api-210648926
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© Attribution Non-Commercial (BY-NC)
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HEADLINES

-=6

Indian Market
Indian equity markets were down 1.62% Nifty down by 65.45 pts and settle at 5528.00 Sensex down by 299.64 pts at 18242.56 Bank Nifty up by 103.60 pts at 11410.10

DAILY EQUITY NEWSLETTER


15TH APRIL 2013

Global Market

European markets were down with FTSE down by 27.80 closed at 6388 ,CAC down by 28.32 closed at 3747 and DAX down 97.72 closed at 7773 Dow future was down by 32 closed at 14764.00

HEADLINES
Govt will sell $5.3bn in debt quotas to foreign investors Infosys Q4 net up 3% YoY; shrs sink on poor sales, guidance Retail inflation declines to 10.39% in March Wockhardt declines over 6%

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MARKET ANALYSIS:
Key benchmark indices snapped two day winning streak as Q4 earnings season started on a weak note, with shares of IT major Infosys tumbling a staggering 22% after the company's tepid revenue growth guidance for the year ending 31 March 2014 (FY 2014). Other IT pivotals also declined. Weakness in European and Asian stocks also weighed on sentiment. The barometer index, the S&P BSE Sensex, was provisionally down 317.73 points or 1.71%, off close to 115 points from the day's high and up about 40 points from the day's low. The market breadth was negative. Index heavyweight and cigarette maker ITC edged higher. Another index heavyweight Reliance Industries (RIL) also edged higher. FMCG stocks gained on reports of likely normal monsoon this year. JSW Steel jumped after Group Chief Financial Officer Seshagiri Rao said in an interview to a news agency that the company plans to refinance loan amounting to about Rs 5500 crore with dollar debt this year to lower interest costs Tata Consultancy Services (TCS) fell 1.58%. Wipro shed 4.8%. Wipro is now a company focused on the IT business following the demerger of nonIT businesses viz. consumer care products, the infrastructure engineering business and medical diagnostic product and services business. Following the demerger, which took effect on the bourses this week, the non-IT business of the company will be transferred to a separate company to be called Wipro Enterprises.

FIIs and DIIs


CATEGORY DATE BUY SELL NET

STOCKS TO WATCH WOCKHARDT BAJAJ FIN SERV UNION BANK OF INDIA SUN PHARMA

FII DII

12-Apr-13 12-Apr-13

2858.2 795.91

2886.79 1107.83

-28.59 -311.92

NIFTY DAILY PIVOTS


PIVOT NIFTY R4 5672 R3 5622 R2 5572 R1 5550 PP 5522 S1 5500 S2 5472 S3 5422 S4 5372

SCRIPS IN BAN PERIOD HDIL

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09752199966

GAINERS AND LOOSERS

EXPERT OPINION
NIFTY

DAILY NIFTY GAINERS


SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHANG E

Nifty looks Bearish Strategy: Sell on rise Support: 5480 Resistance: 5580
BANK NIFTY

JP Associate Ambuja Cement ITC Asian Paints BPCL

70.80 175.95 292.90 4662.00 374.35

26674.92 1314.86 8627.78 96.31 565.17

67.45 170.95 285.30 4554.65 366.30

3.35 5.00 7.60 107.35 8.05

4.97 2.92

Bank Nifty looks Bearish Strategy: Sell on rise Support: 11300 Resistance: 11500 460

2.66 2.36 2.20

.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT

DAILY NIFTY LOOSERS


SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHAN GE

CASH CASH

IOB OBC TCS TECH MAHINDRA

B B B B

SL TRIGERRED SL TRIGERRED NOT EXECUTED NOT EXECUTED

Infosys Coal India HCL Tech. TCS Larsen & Toubro

2296.65 299.90 776.10 1511.75 1359.75

12253.47 2308.93 2399.30 2516.03 823.63

2916.70 305.65 790.05 1536.90 1379.60

-21.26 -1.88 -1.77 -1.64 -1.44

-21.26 FUTURE -1.88 -1.77 -1.64 -1.44 FUTURE

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09752199966

MARKET CALLS
6
SCRIPS IOB OBC ACTION SELL SELL LEVEL 63.50 232.50

CASH
1ST TARGET 63.00 230.50 2ND TARGET 62.50 228.50 STOP LOSS 64.00 234.50

FUTURE
SCRIPS . TCS BUY 1538.00 1546.00 1554.00 1530.00 ACTION LEVEL 1
ST

TARGET

ND

TARGET

STOP LOSS

TECH MAHINDRA

BUY

1001.00

1009.00

1017.00

993.00

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