Daily Equity Report by www.epicresearch.co - 22 January 2013

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indore, India (prHWY.com) January 22, 2013 - Indian Market
* Indian equity markets up by 0.30%
* Nifty up by 17.90 pts and settle at
6082.30
* Sensex up by 62.78 pts at 20101.82
* Bank Nifty down by 26.60 pts at 12690
Global Market
* European markets were up with FTSE
up by 12.33 closed at 6166 ,CAC up by
9.56 closed at 3751 and DAX down by
28.80 closed at 7731.
* Dow future was up 1.00 closed at
13,577.00
Market Analysis
Key benchmark indices edged higher in choppy trade after the government on Thursday, 17 January 2013, allowed PSU OMCs to increase diesel prices by a small margin from time to time, a decision aimed at reducing the government's oil subsidy burden and fiscal deficit and improve the government's finances. Data showing recovery in China's economy in Q4 December 2012 also boosted sentiment as Indian stocks advanced for the second day in a row today, 18 January 2013. China is the world's second biggest economy after the United States. BSE Sensex was up 52.14 points or 0.26% to 20,016.17.S&P CNX Nifty was up 19.10 points or 0.32% to 6,058.30Among the 30-share Sensex pack, 16 gained while the rest of them fellHDFC Bank fell 0.44% to Rs 663.95 as the bank's gross NPA ratio rose on sequential basis. Wipro slumped 7.68%. Wipro expects revenues from IT Services business at $1.585 billion to $1.625 billion in Q4 March 2013. Metal stocks were mostly lower. Sterlite Industries, Jindal Steel & Power, Tata Steel and Sail shed by 1.03% to 2.47%. Hero MotoCorp slumped 2.67% on weak Q3 results. Mahindra & Mahindra Financial Services lost 1.53%. The company's consolidated net profit jumped 35.71% to Rs 216.20 crore on 37.83% growth in total income to Rs 1062.03 crore in Q3 December 2012 over Q3 December 2011

HEADLINE
* Reliance Communications surges on CLSA report on 'inevitability' of deal with RIL
* Led by RIL, Sensex scales fresh 2-year high
* Five reasons why SBI may outperform Bank Nifty in 2013
STOCKS TO WATCH
* APOLLO TYRE
* ADANI ENT
* IDEA
* TATA MOTORS
SCRIPS IN BAN PERIOD
* HDIL
* PANTALOON
* IVRCLINFRA
* PUNJLLOYD
* SUZLON
Factors to watch
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 6080
* Resistance: 6130
BANK NIFTY

* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 122630
* Resistance: 12820
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