Daily Equity Report By www.epicresearch.co -23 AUGUST 2012

Indian Market * Indian equity markets down 0.15% . * Nifty down 8.15 pts and settle at 5412 * Sensex down 38.40 pts at 17846.86 * Bank Nifty up 2.70 pts at 10472.20

indore, India (prHWY.com) August 23, 2012 - Daily Equity Report by www.epicresearch.co -23 August 2012
Indian Market
* Indian equity markets down 0.15% .
* Nifty down 8.15 pts and settle at 5412
* Sensex down 38.40 pts at 17846.86
* Bank Nifty up 2.70 pts at 10472.20
Global Market
* European markets were down with FTSE down by 65.53 pts at 5791.99,CAC down by 25.13pts at 3448.15 and DAX down by 56.62 pts at 7032.70
* Dow future down by 24.00 pts at 13203.58
Market Analysis
* Key benchmark indices snapped two day winning streak as global shares slipped on Wednesday as investors weighed up whether signs of progress in the euro zone debt crisis
* The BSE Sensex was down 38.40 points or 0.21% to 17,846.86. The index rose 26.82 points at the day's high of 17,912.08 in mid-afternoon trade, its highest level since 15 March 2012. The index declined 84 97 points at the day's low of 17,800.29 in early trade.
* The S&P CNX Nifty was down 8.15 points or 0.15% to 5,412.85. The Nifty hit high of 5,433.35, its highest level since 16 March 2012. The index hit a low of 5,394.80 in intraday trade.
* The BSE Mid-Cap index declined 0.21%, matching the performance of Sensex. The BSE Small-Cap index dropped 0.22% and underperformed the Sensex.BSE clocked turnover of Rs 2032 crore, higher than Rs 1926 crore on Tuesday, 21 August 2012
* Bharti Airtel tumbled 3.85% to Rs 248.70 and was the top loser from the Sensex pack.
* Bank stocks were mostly lower in choppy trade. India's largest bank by branch network State Bank of India declined 0.06%.
HEADLINE
* Fin Min approves 49% FDI in insurance& pension
* KKR plans up to $1 bn India specific debt fund
* Tata Sons looking to hike stake in groupcompanies
* Citi venture fund to invest USD 138m in Cox & Kings
UPCOMING QUARTELY RESULT
* A2Z Maintenance
* HCL Info
* UB Engineering
* Navneet
Factors to watch
NIFTY
* Nifty looks Range bound
* Strategy: Buy on dips
* Support:5375
* Resistance:5450
BANK NIFTY
* Bank Nifty looks bearish
* Strategy: Sell on rise
* Support: 10410
* Resistance:10535
STOCKS TO WATCH
* CENTURY TEXTILE
* DENA BANK
* BF UTILITIES
* OIL
* HAVELLS
SCRIPS IN BAN PERIOD
* COREEDUTEC
* JETAIRWAYS
* SUZLON
* MCDOWELL-N

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