Daily Equity Report by www.epicresearch.co - 28th February 2013

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indore, India (prHWY.com) February 28, 2013 - Indian Market
* Indian equity markets were up 0.62%
* Nifty up by 35.55 pts and settle at
5796.90
* Sensex up by 137.27 pts at 19152.41
* Bank Nifty up by 85.90 pts at 11934.00
Global Market
* European markets were up with FTSE up by 9.45 closed at 6279 ,CAC up by
11.84 closed at 3633 and DAX up by13.20 closed at 7610.
* Dow future was up 4.00 closed at 13863.00
Market Analysis
* Key benchmark indices edged higher after the Economic Survey 2012-13, presented by Finance Minister Mr. P. Chidambaram in the Lok Sabha today, 27 February 2013, stated that Indian economy is likely to grow between 6.1% to 6.7% in 2013-14 as the downturn is more or less over and the economy is looking up. The market breadth, indicating the overall health of the market, was positive.
* S&P BSE Sensex was up 135.66 points or 0.71% to 19,150.80.
* CNX Nifty was up 34.45 points or 0.6% to 5,795.80, as per provisional figures.
* Among the 30-share Sensex pack, 21 stocks rose while the rest of them fell.
* Construction shares rose after the Economic Survey 2012-13 presented by the Union Finance Minister, Mr. P. Chidambaram in the Lok Sabha today, 27 February 2013, noted that the government has taken several initiatives to expedite highway projects under the National Highway Development Project (NHDP). The market edged higher in early trade on firm Asian stocks. The market trimmed initial gains to hit fresh intraday low in morning trade. Key benchmark indices regained positive zone soon after slipping into the red in mid-morning trade. The barometer index, the S&P BSE Sensex, regained the psychological 19,000 mark after briefly falling below that level. Key benchmark indices extended intraday gains in early afternoon trade after the Economic Survey 2012-13, presented by Finance Minister Mr. P. Chidambaram in the Lok Sabha today, 27 February 2013, stated that the economic downturn is more or less over and the economy is looking up.
HEADLINE
* 'Need to plug 'leakages'; growth revival
will contain NPAs'
* Jet Air up 17% on likely deal with Etihad
* SBI raises fixed deposit rates by 0.25%
* Budget 2013: Indian firms raise Rs 2.81
lakh cr in Apr-Dec 2012: Survey
STOCKS TO WATCH
* POWER GRID
* CANARA BANK
* IDFC
* IDBI BANK
SCRIPS IN BAN PERIOD
* HDIL
* PUNJLYOD
* RENUKA
FACTORS TO WATCH
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 5750
* Resistance: 5840
BANK NIFTY
* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 11870
* Resistance: 12000

UPCOMING RESULTS
* DION GLOBAL

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. We provide services in equity, commodity and Forex market.

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