Daily Equity Report by www.epicresearch.co - 18th 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 18, 2013 - Indian Market
* Indian equity markets were down 0.16%
Nifty down by 9.00 pts and settle at
5887.40
* Sensex down by 29.03 pts at 19468.15
* Bank Nifty up by 17.80 pts at 12359.00
Global Market
* European markets were down with FTSE
down by 1.75 closed at 6325 ,CAC up by
8.81 closed at 3678 and DAX down by
8.72 closed at 7622.
* Dow future was down 15.00 closed at
13935.00
Market Analysis
* Key benchmark indices edged lower in choppy trade after global credit rating agency Moody's Investor Service warned that India's expanding current account deficit and external debt will make the country more vulnerable to international financial volatility and have negative implications for its sovereign credit profile.
* BSE Sensex was down 61.97 points or 0.32% to 19,435.21.
* CNX Nifty was down 21.55 points or 0.37% to 5,875.40
* Among the 30-share Sensex pack, 15 stocks declined while the rest of them rose.
* Telecom stocks edged higher. Reliance Communications, Idea Cellular and Bharti Airtel rose by 0.82% to 4.76%.IT stocks edged lower. TCS declined 0.55%. Wipro rose 0.61%, with the stock reversing intraday losses. NTPC gained 0.3% .`Realty major DLF declined 2.34% on weak Q3 operational results. HCL Technologies fell 0.89%. Index heavyweight Reliance Industries (RIL) declined 1.34% to Rs 843.70. Index heavyweight and cigarette maker ITC fell 0.17% to Rs 300. ata Motors rose 2.39%, with the stock reversing initial loses triggered by weak Q3 results. The company's consolidated netprofit fell 52.2% to Rs 1628 crore on 1.8% growth in revenue (net of excise) to Rs 46090 crore in Q3 December 2012 over Q3 December 2011. Earnings before interest, taxation, depreciation and amortization (EBITDA) declined 14.93% to Rs 6144 crore in Q3 December 2012 over Q3 December 2011. EBITDA margin dropped to 13.3% in Q3 December 2012 from 16% in Q3 December 2011. The result was announced after market hours Thursday, 14 February 2013.
HEADLINE
* Unsuccessful bidders in Nov 2G auction
to stop ops: SC
* Mahindra Satyam acquires Brazil's
Complex IT
* Diesel price hike will reduce losses by
Rs 300 cr: BPCL
* UB Group, Kingfisher lenders in talks to
cut debt
STOCKS TO WATCH
* VOLTAS
* RANBAXY
* APOLLO TYRE
* INDUSIND BANK
SCRIPS IN BAN PERIOD
* WELCORP HDIL
* PUNJLYOD
* SUZLON
* IRB
* RENUKA
FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5840
* Resistance: 5920

BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 12290
* Resistance: 12420
UPCOMING RESULTS
* ESAB INDIA

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