Daily Equity Report by www.epicresearch.co - 7th 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 7, 2013 - Indian Market
* Indian equity markets were up 0.04%
* Nifty up by 2.30 pts and settle at
5959.20
* Sensex down by 20.10 pts at 19639.72
* Bank Nifty down by 50.05 pts at
12417.70
Global Market
* European markets were up with FTSE
up by 26.85 closed at 6309 ,CAC down
by 7.89 closed at 3686 and DAX up by
0.98 closed at 7665.
* Dow future was up 21.00 closed at
13931.00
Market Analysis
* The barometer index, BSE Sensex, hit its lowest level in nearly four weeks in late trade as index Reliance Industries (RIL) edged lower in choppy trade. The Sensex was provisionally down 33.56 points or 0.17%, off close to 140 points from the day's high and up about 15 points from the day's low.
* BSE Sensex was down 33.56 points or 0.17% to 19,626.26.
* S&P CNX Nifty was almost unchanged for the day at 5,957.45
* Among the 30-share Sensex pack, 18 stocks fell while the rest of them rose.
* Corporation Bank declined 2.99%Most IT stocks rose on positive economic data in the US, the biggest outsourcing market for the Indian IT firms. TCS rose 0.64%. TCS on 22 January 2013, said its flagship product TCS BaNCS has gone live in the United States at BNP Paribas for its custody operations. Tech Mahindra, Mahindra Satyam and Hexaware Technologies rose by 0.22% to 3.64%.Capital goods stocks edged lower. BEML, Punj Lloyd, Bhel, L&T and Siemens shed by 0.17% to 1.91%.Wipro expects revenuesfrom IT Services business at $1.585 billion to $1.625 billion in Q4 March 2013. HCL Technologies fell 0.06%.Realty major DLF rose 0.32% to Rs 273.25. IT Services Revenue was $1.577 billion in Q3 December 2012, a sequential increase of 2.4% and year on year (YoY) increase of 4.8%, Wipro said. Non-GAAP constant currency IT Services Revenue in dollar terms was $1.571 billion in Q3 December 2012.
HEADLINE
* RBI panel favours gold-backed
investments, monitoring NBFCs
* IRB Infra Q3 above estimates, profit
rises 9% to Rs 143cr
* NTPC signs loan pact worth $250m with
SBI, Mizuho Corp Bank
* Apollo Tyres Q3 net jumps 85% to Rs
181cr, beats forecast
STOCKS TO WATCH
* ALLAHBAD BANK
* LIC HOUSING
* PFC
* ITC
SCRIPS IN BAN PERIOD
* WELCORP
* PUNJLYOD
* SUZLON
FACTORS TO WATCH
NIFTY


* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 5920
* Resistance: 6000
BANK NIFTY
* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12360
* Resistance: 12490
UPCOMING RESULTS
* ACC HOTEL LEELA
* APOLLO HOSPITAL JK TYRE
* AUROBINDO PHARMA MRF
* HATHWAY
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