Daily Equity Report by www.epicresearch.co - 25th March 2013

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Indore, India (prHWY.com) March 25, 2013 - Indian Market
* Indian equity markets were down 0.13%
* Nifty down by 7.40 pts and settle at
5651.35
* Sensex down by 57.27 pts at 18735.60
* Bank Nifty down by 34.30 pts at
* 1204.05
Global Market
* European markets were down with FTSE
down by 4.18 closed at 6384 ,CAC down
by 19.69 closed at 3755 and DAX down
by 24.10 closed at 7908.
* Dow future was up 11.00 closed at
14358.00
Market Analysis
* Immense volatility was witnessed on the bourses in late trade as key benchmark indices once again slipped into the red soon after moving into positive zone from negative zone. The barometer index, the S&P BSE Sensex, was provisionally down 55.12 points or 0.29%, off 122.07 points from the day's high and up 68.55 points from the day's low. The market breadth was weak. The BSE Small-Cap index was off almost 1%. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Another index heavyweight and cigarette major ITC edged higher in choppy trade.
* Realty stocks extended recent losses. IT stocks edged lower as Oracle Corp's third quarter revenue fell short of analysts' expectations.
* The market edged higher in early trade on firm Asian stocks. Key benchmark indices reversed initial gains and hit their lowest level in almost 2-1/2 weeks in morning trade. Volatility ruled the roost as key benchmark indices regained positive zone in mid-morning trade. Key benchmark indices held firm in early afternoon trade. The Sensex extended gains to hit fresh intraday high in afternoon trade. Volatility ruled the roost as key benchmark indices reversed direction and slipped into the red in midafternoon trade as European stocks dropped after the European Central Bank warned that it will cut off emergency funding for Cyprus's troubled banks if Cyprus doesn't seal a bailout deal by Monday, 25 March 2013. The market extended losses to hit fresh intraday low in late trade.A bout of initial volatility was witnessed as key benchmark alternately swung between positive and negative zone. The Sensex continued to move alternately between gains and losses in morning trade.
HEADLINE
* SBI Q3 net up 4% to Rs 3,396 cr on
lower interest income, provisions fall
* Jan WPI inflation at 6.62%; experts say
too early to cheer
* Biocon shares rise on insulin products
deal with Mylan
* Tata Motors Q3 net may slip 34% on
likely domestic biz loss
STOCKS TO WATCH
* IDBI
* IDEA CELLULAR
* ITC
* ICICI BANK
SCRIPS IN BAN PERIOD
* PUNJLLYOD
* HDIL
* IVRCLINFRA
FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5600
* Resistance: 5700
BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 11150
* Resistance: 11260
UPCOMING RESULTS
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