• 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
• 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
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.
• 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
• AXIS BANK
SCRIPS IN BAN PERIOD
• Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 6010
• Resistance: 6090
• Bank Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 12660
• Resistance: 12800
• CHAMBAL FERT
• DENA BANK
• GODREJ PROP
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