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Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets were up 0.04% Nifty up by 2.50 pts and settle at 5836.90 Sensex up by 9.53 pts at 19179.36 Bank Nifty up by 32.80 pts at 12543.40
Global Market
European markets were up with FTSE up by 125.50 closed at 6406 ,CAC up by 130.92 closed at 3783 and DAX up 180.10 closed at 7658 Dow future was 14661.00 up by 17 closed at
HEADLINES
Money laundering: HDFC Bk sings RBI's tune on systemic risk Listed cos must comply with Sebi's public-holding norms: FM SBI launches pre-paid card, expects to garner CASA deposits Coal scam: BJP demands PM's resignation, Sonia opposes
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MARKET ANALYSIS:
An intraday rebound in late trade helped key benchmark indices end a tad higher. The market reversed intraday losses as gains in European stocks boosted sentiment. The barometer index, the S&P BSE Sensex, advanced 9.53 points or 0.05%, up 137.28 points from the day's low and off 30.90 points from the day's high. The market breadth, indicating the overall health of the market, was negative. Index heavyweight Reliance Industries (RIL) edged higher after the company's telecom arm and Bharti Airtel signed an agreement for international data connectivity. Shares of Bharti Airtel edged lower in choppy trade. Indian stocks gained for the third straight day today, 23 April 2013. The Sensex has risen 448.20 points or 2.39% in three trading days from its close of 18,731.16 on 17 April 2013. The Sensex has risen 343.59 points or 1.82% in this month so far (till 23 April 2013). The Sensex has declined 247.35 points or 1.27% in calendar 2013 so far (till 23 April 2013). From a 52-week high of 20,203.66 on 29 January 2013, the Sensex has declined 1,024.30 points or 5.07%. From a 52-week low of 15,748.98 on 4 June 2012, the Sensex has surged 3,430.38 points or 21.78%. Index heavyweight and cigarette major ITC edged higher in choppy trade. Cairn India dropped after Q4 results. Capital goods pivotals edged lower. Shares of two-wheeler makers gained. Tyre stocks were mostly higher. HDFC Bank fell on profit booking after reporting strong Q4 results. Fertiliser shares rose on renewed buying.
STOCKS TO WATCH TATA MOTORS BANK OF INDIA AXIS BANK SUN PHARMA
FII DII
23-Apr-13 23-Apr-13
2375.76 587.25
2149.55 1115.54
226.21 -528.29
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EXPERT OPINION
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5800 Resistance: 5880
BANK NIFTY
Hero Moto Sun Pharma Inds. Bajaj Auto Kotak Mahindr a Bank JP Associate
2.70 2.47
Bank Nifty looks Bearish Strategy: Sell on rise Support: 12500 Resistance: 12600 460
.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
B S B B
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MARKET CALLS
6
SCRIPS ALLAHBAD BANK CAIR NINDIA ACTION BUY SELL LEVEL 137.80 288.00
CASH
1ST TARGET 138.80 286.00 2ND TARGET 139.80 284.00 STOP LOSS 136.80 290.00
FUTURE
SCRIPS . APOLLO TYRE BUY 92.50 93.00 93.50 92.00 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
AMBUJA
BUY
186.80
187.80
188.80
185.80
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