Daily Equity Report by www.epicresearch.co - 5th March 2013

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indore, India (prHWY.com) March 5, 2013 - Indian Market
* Indian equity markets were down 0.37%
* Nifty down by 21.20 pts and settle at
5698.50
* Sensex down by 40.56 pts at 18877.96
* Bank Nifty up by 61.55 pts at 11640.00
Global Market
* European markets were down with FTSE
down by 36.10 closed at 6342 ,CAC down
by 12.11 closed at 3687 and DAX down by
48.76 closed at 7659.
* Dow future was down 46.00 closed at
14028.00
Market Analysis
* Key benchmark indices edged lower in choppy trade as weakness in global stocks dampened investor sentiment. The barometer index, the 30-share S&P BSE Sensex, was provisionally down 26.83 points or 0.14%, up about 135 points from the day's low and off close to 40 points from the day's high. The market breadth was weak. The BSE Small-Cap index was off more than 1.5%. The BSE Mid-Cap index was off over 1%.
* The market edged lower in early trade on weak Asian stocks. The market extended initial losses to hit fresh intraday low in morning trade. The Sensex, and the 50-unit CNX Nifty, both, hit their lowest level in nearly 14 weeks. The market trimmed intraday losses in mid-morning trade. Weakness continued on the bourses in early afternoon trade. Key benchmark indices cut intraday losses in afternoon trade. The Sensex further trimmed intraday losses in mid-afternoon trade.
* S&P BSE Sensex was down 26.83 points or 0.14% to 18,891.69.
* CNX Nifty was down 18.55 points or 0.32% to 5,701.15.
* Among the 30-share Sensex pack, 18 stocks fell while rest of them rose.
* Bank stocks rose. ICICI Bank rose 0.13%.State Bank of India gained 0.37%.Other PSU bank stocks declined. Bank of Baroda, Bank of India, Punjab National Bank, Canara Bank, Union Bank of India shed by 0.1% to 2.76%.Capital goods stocks fell on worries a slowing economy will crimp new orders. Punj Lloyd, BEML, Bhel, Siemens, Crompton Greaves and L&T shed by 0.7% to 5.16%.
HEADLINE
* SBI to maintain its NIM at 3.75% in
FY13, says Chairman
* Bajaj Auto Feb sales fall 3%; FY14
targets hazy says co
* Budget Reactions: Duty hikes to up cost
by 3-4 paise/unit, says JSW Energy
* PBA Infrastructure bags Rs 780cr order,
but stock falls
STOCKS TO WATCH
* RELAINCE INFRA
* HDIL
* COLGATE
* ITC
FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5650
* Resistance: 5750
BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 11560
* Resistance: 11720

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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, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. We provide services in equity, commodity and Forex market.

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