Daily Equity Report By www.epicresearch.co - 30 JULY 2012

Daily Equity Report by www.epicresearch.co - 24 JULY 2012 Daily Market * Indian equity markets up 1.13% * Nifty up 56.85 pts and settle at 5099.85 * Sensex up 199.37 pts at 16839.19 * Bank Nifty up 56.75 pts at 10140.55

indore, India (prHWY.com) July 30, 2012 - Daily Equity Report by www.epicresearch.co - 24 JULY 2012

Daily Market
* Indian equity markets up 1.13%
* Nifty up 56.85 pts and settle at 5099.85
* Sensex up 199.37 pts at 16839.19
* Bank Nifty up 56.75 pts at 10140.55
Global Market
* European markets were up with FTSE up by 11.61 pts at 5584.77, CAC up by 41.52pts at 3248.64 and DAX up 24.54 pts at 6607.50
* Dow future up 42.00 pts at 12867.
Market Analysis
The BSE Sensex ended nearly 130 points off the day's high after a string of public sector lenders reported rising stressed assets in the June quarter. The Nifty index closed just below the 5,100 mark. The Sensex had earlier jumped over 300 points tracking strength in global markets, which rallied after the European Central Bank's chief vowed to save the euro currency union from the continent's debt crisis.
The Sensex closed 199 points or 1.2 per cent higher at 16,839 while the Nifty index advanced 57 points to 5,099.85. The rupee traded higher at 55.45 to the dollar at 03.40 p.m. PSU banking stocks were the top Nifty losers. SBI dropped 3.8 per cent, while Bank of Baroda declined 2.4 per cent.
Metal stocks outperformed the broader markets. Commodity stocks gain when global markets look up. Tata Steel gained nearly 4 per cent and was the top Nifty gainer. Sterlite Industries, Aluminium maker Hindalco, and iron ore miner Sesa Goa also advanced 2.5-4 per cent.On the Nifty, 37 of the 50 stocks closed higher. However, the market breadth turned negative by close with 64 per cent stocks declining on the broader BSE 500 index.
News you can use
* ICICI Bank Q1 net up 36% to Rs 1,815 crores, stock gains
* SBI overseas bond subscribed 5.4 times, raises $1.25 bn
* TVSMotor Q1 net slips lower-than-expected 13%toRs 51 cr
* Moody's changes Germany, Netherlands outlooks to negative
Factors to watch:
NIFTY
* Nifty looks bullish
* Strategy: Buy on dips
* Support:5055
* Resistance:5145
BANK NIFTY
* Bank Nifty looks bullish
* Strategy: Buy on dips
* Support: 10060
* Resistance:10215
STOCKS TO WATCH
* BOMBAY DYING
* TATA POWER
* MARUTI
* ABAN OFFSHORE
* YES BANK
SCRIPS IN BAN PERIOD
* ALOK TEXT
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: stock tips, forex tips, share tips, mcx tips, stock features tips, ncdex tips, commodity tips

Categories: Finance

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

Link To This Press Release:

URL HTML Code