Key benchmark indices edged lower after the Central Statistics Office (CSO) projected India's GDP growth at 5% for 2012-13, the lowest in a decade, and significantly lower than the growth rate of 6.2% in 2011-12
• Indian equity markets were up 0.04%
Nifty down by 21.00 pts and settle at
• Sensex down by 59.10 pts at 19580.32
• Bank Nifty down by 49.05 pts at
• European markets were down with FTSE
down by 66.92 closed at 6228 ,CAC
down by 41.85 closed at 3601 and DAX
up by 9.67 closed at 7590.
• Dow future was up 18.00 closed at
• Key benchmark indices edged lower after the Central Statistics Office (CSO) projected India’s GDP growth at 5% for 2012-13, the lowest in a decade, and significantly lower than the growth rate of 6.2% in 2011-12.
• BSE Sensex lost 59.40 points or 0.3% to settle at 19,580.32
• S&P CNX Nifty lost 20.40 points or 0.34% to 5,938.80,
• Among the 30-share Sensex pack, 20 stocks fell while the rest of them rose.
• GAIL (India) lost 2.47%. The Union Cabinet today, 7 February 2013, gave its approval for formation of the Special Purpose Vehicle (SPV) for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project and to permit GAIL (India) to join the SPV. PSU OMCs edged lower. HPCL (down 3.73%), BPCL (down 1.73%) and Indian Oil Corporation (down 2.19%) dropped. Indian Oil Corporation (IOC) hiked diesel prices by 45 paise a liter from 18 January 2013 after the government on 17 January 2013 allowed PSU OMCs to increase diesel prices by a small margin from time to time. Godrej Industries rose 2.4%. The company after trading hours on Wednesday, 6 February 2013, said its consolidated net profit jumped 112% to Rs 179 crore on 22% growth in total income to Rs 1854 crore in Q3 December 2012 over Q3 December 2011. Tata Chemicals rose 3.3% to Rs 362.65. Hindalco Industries declined 1% ahead of its Q3 results tomorrow,8February 2013.
• Sun Pharma Q3 net seen up 25% to Rs
838cr on Taro, Lipodox
• Tata Steel investing in high-strength
steel for automobiles
• GMR Infra Q3: Analysts expect net loss
to rise at Rs 120cr
• NTPC OFS oversubscribed: Govt likely
to garner Rs 11,469 cr
STOCKS TO WATCH
• ALLAHBAD BANK
• ARBINDO PHARMA
• APOLLO TYRE
SCRIPS IN BAN PERIOD
FACTORS TO WATCH
• Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 5890
• Resistance: 5990
• Bank Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 12360
• Resistance: 12490
• ANJANI CEMENT BEML
• CADILA HEALTH COX AND KINGS
• GMR INFRA HINDALCO
• HATHWAY SUN PHARMA
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