Daily Equity Report by www.epicresearch.co - 7th March 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 ,mcx gold tips

indore, India (prHWY.com) March 7, 2013 - Indian Market
* Indian equity markets were up 0.59%
* Nifty down by 34.35 pts and settle at
5818.60
* Sensex up by 109.44 pts at 19252.61
* Bank Nifty up by 84.15 pts at 11876.20
Global Market
* European markets were up with FTSE
up by 5.14 closed at 6437 ,CAC up by
11.34 closed at 3798 and DAX up by
81.33 closed at 7951.
* Dow future was up 45.00 closed at
14278.00
Market Analysis
* Key benchmark indices edged higher as world stocks rose as a bullish survey on the US service sector fed on Tuesday, 5 March 2013, into indications that the US economy is gradually improving. United States is the world's biggest economy. The barometer index, the 30-share S&P BSE Sensex, was provisionally up 128.18 points or 0.67%, off close to 20 points from the day's high and up about 80 points from the day's low. The market breadth was strong. The BSE Small-Cap index surged 1.5%. The BSE Mid-Cap index was up more than 1%. Indian stocks gained for the second straight trading session today, 6 March 2013.

* Key benchmark indices edged higher in early trade on firm Asian stocks. The barometer index, the 30-share S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in almost one week. The market trimmed initial gains in morning trade. The market regained strength in mid-morning trade. The Sensex trimmed gains after hitting fresh intraday high in early afternoon trade. A bout of volatility was witnessed as key benchmark regained strength after trimming intraday gains in mid-afternoon trade.
* S&P BSE Sensex was up 128.18 points or 0.67% to 19,271.35.
* CNX Nifty was up 38.45 points or 0.66% to 5,822.70
* Among the 30-share Sensex pack, 20 stocks gained while rest of them fell.
* Realty stocks surged. HDIL, Sobha Developers, Unitech and D B Realty rose by 3.23% to 12.23%
HEADLINE
* Govt gives nod to Tata-AirAsia's airline
plan: Sources
* Investors need not worry, fundamentals
of co intact: NHPC
* Focus is on yields, not market share:
SpiceJet's CEO
* To focus on Europe, won't stop yearly
rev guidance: Infosys
STOCKS TO WATCH
* BANK OF INDIA
* TITAN
* ADANI
* AMBUJA

FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5780
* Resistance: 5860
BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 11800
* Resistance: 11920
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