Daily Equity Report by www.epicresearch.co - 21th 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, Equity Tips,

Indian Market
* Indian equity markets were down 0.90%
* Nifty down by 51.55 pts and settle at
5694.40
* Sensex down by 123.91 pts at 18884.19
* Bank Nifty down by 253.15 pts at
11254.90
Global Market
* European markets were up with FTSE
up by 1.12 closed at 6442 ,CAC up by
21.36 closed at 3797 and DAX up by
42.43 closed at 7990.
* Dow future was up 41.00 closed at
14429.00
Market Analysis
* Political worries caused by DMK's withdrawal of support to the Congress led UPA government at the Centre on Tuesday, 19 March 2013 and a statement from the Reserve Bank of India (RBI) after a midquarter policy review on Tuesday, 19 March 2013, that the headroom for further monetary easing remains quite limited, pulled the market lower for the second day in a row today, 20 March 2013. The barometer index, the 30-share S&P BSE Sensex, fell below the psychological 19,000 mark. The Sensex reached its lowest closing level in more than two weeks. The 50-unit CNX Nifty reached its lowest closing level in almost three weeks. The Sensex lost 123.91 points or 0.65%, off close to 145 points from the day's high and up about 50 points from the day's low. The market breadth was weak. The BSE Small-Cap index was off more than 2% and the BSE Mid-Cap index was off almost 2%.
* Indian stocks fell for the fourth straight day today, 20 March 2013. From a recent high 19570.44 on 14 March 2013, the Sensex has declined 686.25 points or 3.5% in four trading sessions. The Sensex has advanced 22.65 points or 0.12% in this month so far (till 20 March 2013). The Sensex has declined 542.52 points or 2.79% in calendar 2013 so far (till 20 March 2013). From a 52-week high of 20,203.66 on 29 January 2013, the Sensex has declined 1319.47 points or 6.53%. From a 52-week low of 15,748.98 on 4 June 2012, the Sensex has surged 3,135.21 points or 19.9%.
* Metal stocks declined as LMEX, a gauge of six metals traded on the London Metal Exchange dropped 0.44% on Tuesday, 19 March 2013. Jindal Steel & Power, Hindalco Industries, Sterlite Industries, Bhushan Steel, Tata Steel, JSW Steel, and Hindustan Zinc shed by 0.1% to 3.14%.
HEADLINE
* HDIL dismisses CARE ratings, stk at
52-wk low, down 50% YTD
* Sugar stocks sour after CCEA defers
decision on decontrol
* Deal pipeline stronger; see more orders
from US, UK: HCL
* Bharti shares technically vulnerable:
Analyst
STOCKS TO WATCH
* DISH TV
* AUROBINDO
* SUN PHARMA
* ITC
SCRIPS IN BAN PERIOD
* PUNJLLYOD
* HDIL
FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5650
* Resistance: 5750
BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 11200
* Resistance: 11320
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