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Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets up by 0.27% Nifty up by 16.25 pts and settle at 6009.50 Sensex up by 50.54 pts at 19764.78 Bank Nifty down by 8.65 pts at 12778.20
Global Market
European markets were up with FTSE down by 9.43 closed at 6017,CAC down by 20.18 closed at 3713 and DAX down by 25.01 closed at 7753. Dow future was down 20.00 closed at 13311.00
HEADLINES
Offtake target bigger challenge than production: Coal India Govt may consider ordinance for Hindustan Zinc stake sale IGL keen to buy ADB stake in Petronet LNG Dr Reddy's Laboratories launches hair loss tablets in US
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MARKET ANALYSIS:
The 50-unit S&P CNX Nifty moved past the psychological 6,000 level as key benchmark indices eked out small gains. The barometer index, BSE Sensex, was provisionally up 38.66 points or 0.2%, up 59.61 points from the day's low and off 33.40 points from the day's high. The market breadth, indicating the overall health of the market, was positive. Index heavyweight Reliance Industries (RIL) extended intraday gains in late trade. The BSE Sensex was up 38.66 points or 0.2% to 19,752.90. The S&P CNX Nifty was up 12.15 points or 0.2% to 6,005.40. Among the 30-share Sensex pack, 17 declined while the rest of them gained. IT pivotals rose after US lawmakers early this week reached a last-minute deal to avert the fiscal cliff. US is the biggest outsourcing market for the Indian IT firmsIT major Tata Consultancy Services rose 1.5%.India's third largest software services exporter by revenues Wipro gained 0.83%.Shares of banking giant State Bank of India (SBI) gained 0.88% to Rs 2,469.75 after striking a 52-week high of Rs 2,482.20 in intraday today, 3 January 2013. Dr Reddy's Laboratories advanced 2.35% after the company said it has launched Finasteride Tablets 1 mg in the US market.
FII DII
3-Jan-13 3-Jan-13
3089.48 996.46
1692.11 1902.42
1397.37 -905.96
SUZLON
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09752199966
EXPERT OPINION
NIFTY
Nifty looks Consolidate Strategy: Buy on dips Support: 5970 Resistance: 6060
BANK NIFTY
1882.30
584.79
1837.70
44.60
2.43
2.34 2.16
Bank Nifty looks Consolidate Strategy: Buy on dips Support: 12700 Resistance: 12840 .0
1.89 1.57
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
S B B S
CASH FUTURE
09752199966
MARKET CALLS
CASH
SCRIPS BHARTI AIRTEL ICICI BANK ACTION BUY SELL LEVEL 328.90 1168.00 1ST TARGET 330.90 1158.00 2ND TARGET 333.90 1145.00 STOP LOSS 326.90 1178.00
FUTURE
SCRIPS . ALLAHBAD BANK ADANI ENETERPRISES BUY 181.30 182.30 183.80 180.30 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
SELL
282.00
281.00
279.50
283.00
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