Daily Equity Report by www.epicresearch.co 19 JULY 2012
Daily Market
Indian equity markets up 0.52%
Nifty up 27.10 pts and settle at 5225.75
Sensex was up 79.71 pts at 17185.01
Bank Nifty up 74.55 pts at 10635.00
Global Market
European markets were up with FTSE up by 6.68 pts at 5635.77, CAC up by 24.74 pts at 3201.71 and DAX up 13.20 pts at 6590.84
Dow future up 47.00 pts at 12695.00.
USD Building permits 0.76m and previous was 0.78m
Market Analysis
The Nifty snapped its losing streak and closed in the positive terrain led by gains in Bajaj Auto, Tata Power, Sesa Goa and Jindal Steel. The 50-share NSE index closed at 5,217.25, up 24.40 points or 0.47 percent. It touched a high of 5,222.85 and a low of 5,169.05 in trade today.
The Sensex ended at 17,177.68, up 72.38 points or 0.42 percent. It touched a high of 17,205.26 and a low of 17,038.59 in trade today. The BSE Midcap Index was up 0.50 percent and the BSE Small cap Index moved 0.29 percent higher. Among sectoral indices, the BSE Metal Index was up 1.43 percent, the BSE Capital Goods Index gained 1.13 percent, the BSE Realty Index moved 0.68 percent higher and the BSE Power Index advanced 0.62 percent. The
BSE Oil Gas Index was 0.33 percent lower and the BSE Healthcare Index declined 0.22 percent.
News you can use
Consumer inflation dips to 10.02% in June
Decision on spectrum pricing, one-time fee for telcos likely by Friday.
Government looking at LPG subsidy cut, partial decontrol of diesel
RBI unlikely to cut rates in July policy review, say experts.
Factors to watch:
NIFTY
Nifty looks bearish
Strategy: Sell on rise
Support: 5150
Resistance: 5300
BANK NIFTY
Bank Nifty looks bearish
Strategy: Sell on rise
Support: 10565
Resistance: 10735
STOCKS TO WATCH
ICICI BANK
EDUCOMP
HCL TECH
SESA GOA
BGR ENERGY
SCRIPS IN BAN PERIOD
HDIL
JET AIRWAYS
SUZLON
ALOK TEXT
PUNJLLOYD
ONMOBILE
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