Daily Equity Report by www.epicresearch.co - 1st February 2013

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indore, India (prHWY.com) February 1, 2013 - Indian Market
* Indian equity markets were down -0.35%
* Nifty down by 21.00 pts and settle at
6034.75
* Sensex down by 110.02 pts at 19894.98
* Bank Nifty down by 74.25 pts at
12707.90
Global Market
* European markets were down with FTSE
down by 27.26 closed at 6295 ,CAC down
by 22.77 closed at 3742 and DAX down
by 22.85 closed at 7788.
* Dow future was up 2.00 closed at
13840.00
Market Analysis
Key benchmark indices edged lower in choppy trade after data released by the US Commerce Department on Wednesday, 30 January 2013, showed a surprise fourthquarter contraction in the US economy which is the world's biggest economy. The barometer index, BSE Sensex, hit two-week low.BSE Sensex was down 106.06 points or 0.53% to 19,898.94.S&P CNX Nifty was down 22.15 points or 0.37% to 6,033.60. Among the 30-share Sensex pack, 21 stocks fell while the rest of them rose.Index heavyweight and cigarette maker ITC rose 1.45% to Rs 308. The stock hit record high of Rs 308.75 in late trade today, 31 January 2013. Jet Airways (India) jumped 4.96% to Rs 625.80 after the Ministry of Commerce & Industry today, 31 January 2013, said that a delegation of Jet Airways and Etihad Airlines of UAE including Mr. Naresh Goyal, Chairman Jet Airways and James Hogan, President and CEO of Etihad AirwaysmetUnion Minister of Commerce Industry andTextiles Mr. Anand Sharma. Power Finance Corporation (PFC) gained 1.33%. PFC after market hours on Wednesday, 30 January 2013, reported 1% growth in net profit toRs1117croreon 36% growth in total income to Rs 4466 crore in Q3 December 2012 over Q3 December 2011. Punjab National Bank (PNB) jumped 9.92% on good Q3 results. The bank's net profit rose 13.52% Rs 1305.62 crore on 10.38% increase in total income Rs 11518.95 crore in Q3 December 2012 over Q3 December 2011.
HEADLINE
* ICICI Bank Q3 profit rises 30% on higher
NII & other income
* Hope to maintain NIM guidance of 3.52
% for FY13: PNB
* Allahabad Bank Q3 profit falls 45% to Rs
311cr, shares down
* PFC rises nearly 3% on UBS buy report
post Q3 earnings
STOCKS TO WATCH
* ALLAHBAD BANK
* HDFC
* PFC
* BHEL
SCRIPS IN BAN PERIOD
* WELCORP
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 5990
* Resistance: 6070
BANK NIFTY
* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12630
* Resistance: 12770



UPCOMING RESULTS
* IDFC TVS
* JET AIRWAYS BHEL
* ADANI
* MCX

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