Daily Equity Report by www.epicresearch.co 21 August 2012
Daily Indian Market
Indian equity markets up 0.06%.
Nifty up 3.35 pts and settle at 5366.30
Sensex up 33.87 pts at 17691.08
Bank Nifty down 8.85 pts at 10417.90
Global Market
European markets were mixed withFTSE up by 7.42 pts at 5841.93,CAC down by 0.35 pts at 3480.14 and DAX up22.32 pts at 7018.61
Dow future down 1.00 pts at 13224.00
Market Analysis
Key benchmark indices eked out small gains in choppy trade as euro zone debt worries eased after German Chancellor Angela Merkel on Thursday, 16 August 2012, said Germany will do whatever it can to keep the euro. The market sentiment was also boosted by provisional data showing that foreign funds remained buyers of Indian stocks on Thursday, 16 August 2012.
The SP CNX Nifty was up 3.35 points or 0.06% to 5,366.30. The Nifty hit a high of 5,399.95 in intraday trade, its highest level since 16 March 2012. The Nifty hit a low of 5,341.70 in intraday trade, its lowest level since 14 August 2012.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,512 shares declined and 1,377 shares gained. A total of 141 shares were unchanged. The total turnover on the BSE amounted to Rs 2146 crores, lower than Rs 2188 crores on Thursday, 16 August 2012.
The BSE Sensex was up 24.23 points or 0.14% to 17,681.44. The index jumped 144.18 points at the day's high of 17,801.39 in afternoon trade, its highest level since 16 March 2012. The index fell 34.59 points at the day's low of 17,622.62 in mid-afternoon trade, its lowest level since 14 August 2012.From the 30-share Sensex pack, 16 stocks gained and rest of them declined.
FMCG major Hindustan Unilever (HUL) rose 1.31% to Rs 501.05. The stock had hit a record of Rs 504.35 in intraday on Friday, 10 August 2012. The company's net profit jumped 112.3% to Rs 1331.19 crores on 13.7% growth in net sales to Rs 6250.15 crore in Q1 June 2012 over Q1 June 2011.
News you can use
CAG reports hit Sensex, Nifty; JSPL,
Tata Power, Reliance Power fall
Tata Motors up on Land Rover hopes; Jaguar struggles
BHEL to set up new manufacturing facility in Maharashtra
PMEAC cuts FY13 GDP forecast to 6.7%, fisc deficit at 5.06%
Factors to watch:
NIFTY
Nifty looks Range bound
Strategy: Buy on dips
Support:5330
Resistance:5405
BANK NIFTY
Bank Nifty looks bearish
Strategy: Sell on rise
Support: 10355
Resistance:10475
STOCKS TO WATCH
RELIANCE
DENA BANK
BHARTI AIRTEL
VOLTAS
HAVELLS
SCRIPS IN BAN PERIOD
SUZLON
COREEDUTEC
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