Daily Equity Report by www.epicresearch.co - 18 January 2013

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indore, India (prHWY.com) January 18, 2013 - Indian Market
* Indian equity markets up by 0.55%
* Nifty up by 48.00 pts and settle at
* 6050.00
* Sensex up by 150.00 pts at 19962.00
* Bank Nifty up by 60.00 pts at 12690.00
Global Market
* European markets were up with FTSE
* up by 28.00 closed at 6132 ,CAC up by
* 35.62 closed at 3744 and DAX up by
* 44.55 closed at 7735.
* Dow future was down 4.00 closed at
* 13538.00

Market Analysis
 Key benchmark indices edged higher in a volatile trading session on reports that the government has given authority to PSU OMCs to change diesel prices by a small margin from time to time. Comments by Finance Minister P. Chidambaram on Wednesday, 16 January 2013, that the immediate priority of the government is to keep the investment cycle going also boosted sentiments.
 BSE Sensex jumped 146.40 points or 0.74% to 19,964.03, its highest closing level since 15 January 2013.
 The S&P CNX Nifty rose 37.35 points or 0.62% to 6,039.20, its highest closing level since 15 January 2013.Among the 30-share Sensex pack, 19 rose while the rest of them fell.
 Shares of public sector oil marketing companies (PSU OMCs) surged on reports that the government has given authority to PSU OMCs to change diesel prices by a small margin from time to time. Indian Oil Corporation (up 6.60%), HPCL (up 6.06%) and BPCL (up 3.75%), edged higher. PSU OMCs suffer under recoveries on domestic sale of diesel, LPG and kerosene at controlled prices. The government has already freed pricing of petrol.

HEADLINE
* Expect another hike in a fortnight: IOC
* Q4 to be challenging, can't meet margin guidance: Exide
* Budget 2013-14: Govt committed to moderate tax-rates: Chidambaram
* Expect another hike in a fortnight: IOC

STOCKS TO WATCH
* RELIANCE CAPITAL
* SUN PHARMA
* AMBUJA
AXIS BANK
SCRIPS IN BAN PERIOD
* SUZLON
* KTKBANK
* PUNJLLOYD
* IVRCLINFRA
* HDIL

Factors to watch
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 6010
* Resistance: 6090
BANK NIFTY

* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12620
* Resistance: 12760


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