Daily Equity Report by www.epicresearch.co - 4th February 2013

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 , mcx gold tips

indore, India (prHWY.com) February 4, 2013 - Indian Market
* Indian equity markets were down -0.85%
* Nifty down by 35.85 pts and settle at
5998.90
* Sensex down by 105.73 pts at 19789.25
* Bank Nifty down by 91.35 pts at
12683.75
Global Market
* European markets were up with FTSE
up by 39.06 closed at 6315 ,CAC up by
* 36.46 closed at 3769 and DAX up by
* 56.45 closed at 7832.
* Dow future was up 68.00 closed at
13840.00
Market Analysis
* Key benchmark dropped to almost three week low on first trading session of February 2013 as the results of a private survey showed that manufacturing output expanded at its slowest pace in three months in January 2013 as new orders grew at a weak pace and as power outages continued to hurt industrial activity.
* BSE Sensex was down 105.73 points or 0.53% to 19,789.25.
* S&P CNX Nifty was down 35.85 points or 0.59% to 5,998.90.
* 30-share Sensex pack, 18 stocks declined while the rest of them rose.
* Oil India dropped 2.9% to Rs 523.55. Bids were received for a total of 14.15 crore shares till 15:25 IST at an indicative price of Rs 517.80 per share for the government's Offer for Sale of Oil India shares. The Government of India (GoI) is selling 6.01 crore shares constituting 10% of the total paid up capital of the company via Offer for Sale (OFS) through the stock exchanges mechanism today, 1 February 2013 between 9:15 IST and 15:30 IST. GoI currently holds 78.43% stake in Oil India. The GoI's stake
would come down to 68.43% after the stake sale. Auto stocks were mixed. Mahindra & Mahindra (M&M) shed 0.53% after the company said its total tractor sales declined 9.75% at 17,473 units in January 2013 over January 2012 Maruti Suzuki India rose 1.19%. Maruti Suzuki India said during market hours today, 1 February 2013, its total sales fell 1.1% to 1.14 lakh units in January 2013 over January 2012.
HEADLINE
* Bharti Airtel Q3 net plunges; Mittal says
worst of price war may be over
* BHEL Q3 disappoints, net slips 18% to
Rs 1182 cr; shrs fall
* Mahindra Jan auto sales up 11% at
49,503 units
* Maruti total sales fall 1% in Janaury
STOCKS TO WATCH
* IDFC
* BHARTI
* ITC
* LUPIN
SCRIPS IN BAN PERIOD
* WELCORP
FACTORS TO WATCH
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 5960
* Resistance: 6040
BANK NIFTY

* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12600
* Resistance: 12750

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