Daily Equity Report by www.epicresearch.co - 29 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, Intraday Tips,

Indore, IN (prHWY.com) January 29, 2013 - Indian Market
* Indian equity markets were flat.
* Nifty up by 0.15 pts and settle at
6074.80
* Sensex down by 0.18 pts at 20103.35
* Bank Nifty up by 88.10 pts at 12781.35
Global Market
* European markets were up with FTSE
up by 0.84 closed at 6285 ,CAC up by
1.80 closed at 3779 and DAX down by 2.00 closed at 7855.
* Dow future was up 4.00 closed at
13816.00
Market Analysis
 Key benchmark indices settled flat ahead of the Reserve Bank of India (RBI)'s Third Quarter Review of Monetary Policy 2012-13 tomorrow, 29 January 2013
 BSE Sensex settled almost unchanged for the day at 20,103.35. The index gained 68.92 points at the day's high of 20,172.45 in early trade, its highest level since 7 January 2011.
 S&P CNX Nifty also settled flat at 6,074.80. The index hit a high of 6,088.40 in intraday trade, its highest level since 22 January 2013. The index hit a low of 6,061.40 in intraday trade.
 Among the 30-share Sensex pack, 15 rose while the rest of them fell.
 Metal stocks were mixed. Tata Steel, Jindal Steel & Power and Hindustan Zinc fell by 0.2% to 0.97%.Sail, Bhushan Steel and Hindalco Industries rose by 0.72% to 1.72%. JSW Steel rose 0.85%. The company's profit after tax fell 19% to Rs 137 crore on 5% increase in net sales to Rs 8275 crore in Q3 December 2012 over Q3 December 2011. IT stocks gained on renewed buying. TCS gained 0.44%. TCS on 22 January 2013 said its flagship product TCS BaNCS has gone live in the United States at BNP Paribas for its custody operations. Wipro expects revenues from IT Services business at $1.585 billion to $1.625 billion in Q4 March 2013. Shares of two-wheeler makers rose on expectations of pick up in sales during the ongoing wedding season. Typically, the wedding season runs from November to February in India every year. TVS Motor Company (up 1.74%), Bajaj Auto (up 0.33%) and Hero MotoCorp (up 2.03%) edged higher

HEADLINE
* Bharti, Idea get relief from HC in one -time fee case
* RIL hits overseas debt mkts, launches over $500m issue
* State Bank of Travancore Q3 profit up 30% to Rs 132 cr
* ONGC gets partners' nod for $5bn Kashagan stake buy

STOCKS TO WATCH
* HINDUSTAN ZINC
* CANARA BANK
* PFC
* 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: 12710
* Resistance: 12850

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

Categories: Business

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