Daily Equity Report by www.epicresearch.co - 6th February 2013

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indore, India (prHWY.com) February 6, 2013 - Indian Market
* Indian equity markets were down -0.51%
* Nifty down by 30.35 pts and settle at
5956.90
* Sensex down by 91.37 pts at 19659.82
* Bank Nifty down by 80.60 pts at
12467.75
Global Market
* European markets were up with FTSE
up by 24.36 closed at 6271 ,CAC up by
25.16 closed at 3685 and DAX up by 4.50
closed at 7642.
* Dow future was up 42.00 closed at
13862.00
Market Analysis
* Key benchmark indices dropped for the fourth day in a row on concerns that PSU disinvestment and reduction of promoter stake to meet the Securities & Exchange Board of India (Sebi) mandated minimum public shareholding of 25% for private companies and 10% for state-run firms will result in supply of equity in the market over the next few months.
* BSE Sensex was down 83.29 points or 0.42% to 19,667.90.
* S&P CNX Nifty was down 28.15 points or 0.47% to 5,959.10.
* Among the 30-share Sensex pack, 16 stocks fell while the rest of them rose.
* FMCG stocks, Hindustan Unilever, Marico, Godrej Consumer Products and Tata Global Beverages shed by 0.54% to 2.52%. JSW Energy fell 1.1%. The company today, 5 February 2013, said that Unit V of 135 megawatts (MW) of the 8X135MW Power Project at Barmer, Rajasthan, has been successfully commissioned and has achieved Commercial Operation Date (COD) from 5 February 2013. Most metal stocks declined. Sterlite Industries (India), Bhushan Steel, JSW Steel, Sail, Hindustan Zinc Jindal Steel & Power and Bhushan Steel shed by 0.2% to 2.71%. Tata Steel and Hindalco Industries rose by 0.4% to 0.46%.Telecom stocks dropped. Tata Teleservices (Maharashtra), Reliance Communications and Idea Cellular dropped by 0.4% to 1.54%.
HEADLINE
* Bharti Airtel to buyout its joint venture
with Alcatel Lucent
* NMDC keeps February iron ore prices
unchanged
* BHEL wins Rs 2,854 cr contract from
Bihar
* Focusing outside borders to widen
portfolio: IL&FS
STOCKS TO WATCH
* CAIRN
* ADANI
* INDUSIND
* AMBUJA
SCRIPS IN BAN PERIOD
* WELCORP
* PUNJLYOD
FACTORS TO WATCH
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 5910
* Resistance: 6000
BANK NIFTY

* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12390
* Resistance: 12530
UPCOMING RESULTS
* APOLLO TYRES
* IRB INFRA
* MOIL
* TECH MAHINDRA


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