Daily Equity Report by www.epicresearch.co - 28 January 2013

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips,

indore, India (prHWY.com) January 28, 2013 - Indian Market
* Indian equity markets up by 0.92%
* Nifty up by 55.30 pts and settle at 6074.65
* Sensex up by 179.75 pts at 20103.53
* Bank Nifty up by 167.45 pts at 12731.70
Global Market
* European markets were up with FTSE up by 8.14 closed at 6273 ,CAC up by
20.86 closed at 3773 and DAX up by77.62 closed at 7825.
* Dow future was down 33.00 closed at 13814.00
Market Analysis
Key benchmark indices surged as the Reserve Bank of India (RBI) is seen cutting its key policy rate viz. the repo rate by 25 basis points (bsp) at Third Quarter Review of Monetary Policy 2012-13 on Tuesday, 29 January 2013. Gains in European stocks also boosted sentiment. The barometer index, BSE Sensex, regained the psychological 20,000 mark. The market breadth was positive. BSE Sensex was up 192.21 points or 0.96% to 20,115.99. S&P CNX Nifty was up 58.45 points or 0.97% to 6,077.80. Among the 30-share Sensex pack, 24 rose while the rest of them fell. Car major Maruti Suzuki India jumped 4.2% to Rs 1,601 on strong Q3 results. Shares of banking giant State Bank of India (SBI) rose 2.33% to Rs 2,515.70. Bank of India, Bank of Baroda and Punjab National Bank gained by 2.62% to 4.55%. India's second largest private sector bank by net profit HDFC Bank rose 1.01% to Rs 665.50. Metal stocks rose as manufacturing surveys out from China, Europe and the US on Thursday pointed to an improvement in the global economy. Tata Steel, Bhushan Steel, JSW Steel, Jindal Steel & Power, Sail, Hindustan Zinc, Sterlite Industries (India) and Hindalco Industries rose by 0.44% to 3.65%. Sesa Goa jumped 3.27% after Q3 results

HEADLINE
* Maruti Q3 profit rises 2.4 times to Rs 501
* cr, shares up 4%
* Rel Power Q3 beats forecast, profit up
* 30%; shares gain 4%
* See 25 bps rate cut in RBI monetary
* policy: JP Morgan
* Aban Offshore Q3 PAT seen down 35%
to Rs 48 cr
STOCKS TO WATCH
* IDEA
* CANARA BANK
* BHEL
* DLF

SCRIPS IN BAN PERIOD
* RENUKA
* IFCI
* PUNJLLOYD
* IRB
* IVRCLINFRA SUZLON
* HDIL
* KTKBANK



Factors to watch
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 6030
* Resistance: 6110
BANK NIFTY

* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12660
* Resistance: 12800

Epic Research is a leading financial services provider with presence in Indian and other global c0apital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.
Our research is based around these services:

Stock Tips
Share Tips
Forex Tips
Commodity Tips
Stock Futures Tips
NCDEX Tips

MCX Tips

Business Analyst Jobs

GET FREE TRIAL +91 731 6642300

Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
or
http://www.epicresearch.co/images/past_performance/DAILY-EQUITY-REPORT.pdf
###

Tag Words: business analyst jobs, mcx tips, commodity tips, forex tips, share tips

Categories: Finance

Press Release Contact
411 Milinda Manor (Suites 409 - 417)
2 RNT Marg Opp Central Mall
Indore (M.P.)

Link To This Press Release:

URL HTML Code