Daily Equity Report by www.epicresearch.co - 13th March 2013

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indore, India (prHWY.com) March 13, 2013 - Indian Market
* Indian equity markets were down 0.48%
* Nifty down by 28.25 pts and settle at
5914.10
* Sensex down by 81.29 pts at 19564.92
* Bank Nifty down by 110.90 pts at
12054.50
Global Market
* European markets were up with FTSE
up by 0.28 closed at 6503 ,CAC up by
2.32 closed at 3838 and DAX down by
3.63 closed at 7980.
* Dow future was down 27.00 closed at
14417.00
Market Analysis
* Key benchmark indices snapped four day winning streak after the Reserve Bank of India (RBI) governor Dr. D. Subbarao on Friday, 8 March 2013, said that RBI doesn't accept high inflation as normal and believes that stable prices are critical for sustained economic growth. Political worries also weighed on the bourses after the DMK on Saturday, 9 March 2013, warned the UPA government that it would not remain a mute spectator if the Centre continued to toe a soft line on the Sri Lanka issue. Weakness in European stocks also hit sentiment adversely on the domestic bourses. The barometer index, the 30-share S&P BSE Sensex, was provisionally down 74.47 points or 0.38%, off about 145 points from the day's high and up close to 5 points from the day's low. The market breadth was negative.
Key benchmark indices edged lower in choppy trade after the latest data showed that the consumer price inflation edged up further in February 2013. The barometer index, the 30-share S&P BSE Sensex, was provisionally down 110.53 points or 0.56%, up about 30 points from the day's low and off close to 160 points from the day's high. The market breadth was negative. Indian stocks declined for the second straight trading session today, 12 March 2013.
* BSE Sensex was down 110.53 points or 0.56% to 19,535.68.
* CNX Nifty was down 36.60 points or 0.62% to 5,905.55
* Among the 30-share Sensex pack, 23 stocks fell while rest of them rose.
HEADLINE
* JSustaining export growth in weak global
economy tough: RBSUpbeat Jan IIP,
dismal CPI: Where does this leave RBI?
* FY14 also likely to be difficult for auto
industry: SIAM
* Aim of $60-65m annual rev with EBITDA
at 22-25%: Subex
* IL&FS Engineering rises 8% on EPC
order of Rs 1,436 cr
STOCKS TO WATCH
* APOLLO TYRE
* RELIANCE POWER
* BATA INDIA
* HEXAWARE
SCRIPS IN BAN PERIOD
* HDIL
FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5880
* Resistance: 5960
BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 12000
* Resistance: 12140
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