Daily Equity Report By www.epicresearch.co - 10 JULY 2012

Daily Equity Report by www.epicresearch.co - 10 JULY 2012 Daily Market * Indian equity markets down 0.29%. * Nifty down 15.40 pts and settle at 5329.10. * Sensex down 17.55 pts at 17521.12. * Bank Nifty up 11.75 pts at 10650.00.

INDORE, India (prHWY.com) July 10, 2012 - Daily Equity Report by www.epicresearch.co - 10 JULY 2012

Daily Market
* Indian equity markets down 0.29%.
* Nifty down 15.40 pts and settle at 5329.10.
* Sensex down 17.55 pts at 17521.12.
* Bank Nifty up 11.75 pts at 10650.00.
Global Market
* European markets were down with FTSE down 1.28 pts at 5691.35, CAC down 12.76 pts at 3216.60 and DAX down 20.67 pts at 6514.89.
* Dow future down 12.00 pts at 12820.00.
* USD Non- Farm Employment Change is 80k and previous was 77k.
Market Analysis
Indian markets ended a lackluster week with modest losses Friday. The BSE Sensex declined 17.55 points or 0.1% to 17,521, while the broader Nifty index shed 10 points to 5,317. This was the fifth straight day of range bound trade on the Street since the huge rally last Friday, when markets saw the biggest gains of 2012.For the week, the Sensex gained 0.5%, while the Nifty advanced 0.7%. The Nifty index managed to close above the 5,300 level after nearly two months, but 5,350 is a big resistance going forward. High beta metal and realty stocks saw the biggest cuts, falling over 1%. On the Nifty index, 36 of the 50 stocks ended lower. Commodity stocks like JSPL (-3.2%), Sesa Goa (-2%), and Sterlite Industries (-1.8%) were among the top losers on the Nifty. IT stocks fell ahead of reporting earning next week. Infosys (-1.4%) was the biggest drag on the Sensex. India's second biggest IT firm will report earnings Thursday and analysts have predicted the company to revise its dollar revenue guidance lower.
The BSE IT index was the worst performed for the week, falling nearly 2%. Banks and FMCG stocks saw some buying interest. Private lender ICICI Bank (1.5%) was the top Nifty gainer, followed by auto maker M&M (1.3%), and FMCG major HUL (1.2%).The market breadth was negative with only 31% stocks managing to advance on the broader BSE 500 index.


News you can use
* IT growth this quarter will come from currency swings, not fundamentals.
* Metal, IT stocks fallinrangeboundtrade; Niftyholds5300.
* Gold demand stays subdued on weak rupee.
* European shares, euro flat ahead of ECB decision.
Factors to watch:
* Prime Focus eyes Rs. 380 crore in U.S. share sale
* India's crucial monsoon rain fell 31 per cent below average up to 2 July 2012.
* Low Bond yields expecting out of turn action by RBI?
* Tribunal rules against telcos in 3G roaming case
* Government Reign: Who will be the FM?
Epic Research is a leading financial services provider with presence in Indian and other global c0apital 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. Share Tips We provide services in equity, commodity and Forex market.
Our research is based around these services:


Stock Tips
Share Tips
Forex Tips
Commodity Tips
Stock Futures Tips
NCDEX Tips
MCX Tips

GET FREE TRIAL +91 731 664 2333

Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
http://www.epicresearch.co/images/past_performance/DAILY-EQUITY-REPORT.pdf
###

Tag Words: forex tips, stock tips, commodity tips, ncdex tips, stock features tips, mcx tips, share tips

Categories: Finance

Press Release Contact
137 Saify Nagar, Behind Punjab Sweets, Indore (M.P.),

Link To This Press Release:

URL HTML Code