Daily Equity Report by www.epicresearch.co – 30 January 2013

Key benchmark indices extended intraday losses to hit fresh intraday low in late trade. The barometer index, BSE Sensex, fell below the psychological 20,000 level.

ListFree.org (Press Release) - Wednesday, January 30th, 2013

Indian Market
• Indian equity markets were flat (-0.41%)
• Nifty down by 24.90 pts and settle at 6049.90
• Sensex down by 114.47 pts at 19988.88
• Bank Nifty down by 53.05 pts at 12728.00

Global Market
• European markets were down with FTSE up by 9.76 closed at 6304 ,CAC down by 5.53 closed at 3775 and DAX down by 6.33 closed at 7826.
• Dow future was up 4.00 closed at 13828.00

Market Analysis

 Key benchmark indices extended intraday losses to hit fresh intraday low in late trade. The barometer index, BSE Sensex, fell below the psychological 20,000 level.
 The BSE Sensex was down 116.23 points or 0.58% to 19,987.12.
 S&P CNX Nifty was down 27.85 points or 0.46% to 6,046.95.
 Among the 30-share Sensex pack, 23 declined while the rest of them rose
 Sterlite Industries (India) fell 0.79%. Sterlite Industries (India) during market hours today, 29 January 2013, reported 30% growth in consolidated net profit to Rs 1191 crore on 4% growth in net sales to Rs 10692 crore in Q3 December 2012 over Q3 December 2011. Realty shares dropped in volatile trade. Godrej Properties (down 0.39%), Oberoi Realty (down 1.29%), Orbit Corporation (down 1.32%), Indiabulls Real Estate (down 4.61%) and Unitech (down 6.31%) edged lower. Realty major DLF fell 1.59% to Rs 262.70, with the stock reversing direction after striking a 52-week high of Rs 272.80 in intraday trade today, 29 January 2013. Shares of two-wheeler makers were mixed. Hero MotoCorp rose 0.74%. Bajaj Auto shed 2.85%. TVS Motor Company was unchanged at Rs 43.85. Yes Bank (down 2.16%), Punjab National Bank (down 1.49%), Canara Bank (down 2.23%), Bank of India (down 4.01%) and Bank of Baroda (down 2.64%) declined. India’s largest private sector bank by net profit ICICI Bank rose 0.87% to Rs 1,201. Axis Bank surged 4.1% to Rs 1,473 after striking a 52-week high of Rs 1,503 in intraday trade today, 29 January 2013.
HEADLINE

• Crompton Q3: Analysts expect profit to
fall 1% at Rs 76 cr
• Idea Cellular Q3 PAT seen up 2.25% to
Rs 245 cr
• Axis Bank shares gain; stake sale
attracts strong demand
• Govt extends date of coal mines
• allocation to PSUs buy

STOCKS TO WATCH

• KARNATAKA BANK

• AUROBINDO PHARMA

• ITC

• AXIS BANK

SCRIPS IN BAN PERIOD

• RENUKA

• IFCI

• PUNJLLOYD

• IRB

• SUZLON

• RCOM

• HDIL

• WELCORP

EXPERT OPINION
NIFTY

• Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 6010
• Resistance: 6090
BANK NIFTY

• Bank Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 12660
• Resistance: 12800

UPCOMING RESULTS

• ARVIND
• INDIAINFOLINE
• CHAMBAL FERT
• IOB
• DENA BANK
• NALO
• GODREJ PROP
• PVR

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