Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets were up 1.36% Nifty up by 79.40 pts and settle at 5916.30 Sensex up by 227.49 pts at 19406.85 Bank Nifty up by 183.50 pts at 12726.90
Global Market
European markets were up with FTSE up by 7.84 closed at 6439 ,CAC up by 9.37 closed at 3852 and DAX up 51.71 closed at 7810 Dow future was 14626.00 up by 11 closed at
HEADLINES
Coal price pooling hard to put in practice: ex-CIL CMD Axis Bank appoints KPMG for money laundering inquiry AirAsia India files application to launch operations JSW Steel plans to bid for iron ore blocks in Karnataka
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MARKET ANALYSIS:
Key benchmark indices gained for fourth straight session of trade as the market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on Tuesday, 23 April 2013. The barometer index, the S&P BSE Sensex settled at almost six week high. The 50-unit CNX Nifty settled at over 6-1/2 week high. The Sensex was up 227.49 points or 1.19%, off 28 points from the day's high and up 214.74 points from the day's low. The market breadth, indicating the overall health of the market, was positive. Indian stocks gained for the fourth straight day today, 25 April 2013. The Sensex has risen 675.69 points or 3.61% in four trading days from its close of 18,731.16 on 17 April 2013. The Sensex has risen 571.08 points or 3.03% in this month so far (till 25 April 2013). The Sensex has declined 19.86 points or 0.1% in calendar 2013 so far (till 25 April 2013). From a 52-week high of 20,203.66 on 29 January 2013, the Sensex has declined 796.81 points or 3.94%. From a 52-week low of 15,748.98 on 4 June 2012, the Sensex has surged 3,657.87 points or 23.23% Coming back to today's trade, index heavyweight Reliance Industries (RIL) edged higher in choppy trade. Another index heavyweight and cigarette major ITC hit record high in volatile trade. Auto stocks rose as slowing wholesale price inflation has raised rate cut expectations. Aviation stocks were in demand. Jet Airways (India) surged nearly 10% after United Arab Emirates-based Etihad Airways on Wednesday, 24 April 2013, agreed to pick up a 24% strategic stake in the Indian carrier at a huge premium to the ruling market price.
STOCKS TO WATCH
FII DII
25-Apr-13 25-Apr-13
6226.62 1054.58
4776.92 2324.01
1449.7 -1269.43
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EXPERT OPINION
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5870 Resistance: 5960
BANK NIFTY
4.79 4.35
Bank Nifty looks Bearish Strategy: Sell on rise Support: 12660 Resistance: 12800 460
.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH CASH
S B B B
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MARKET CALLS
6
SCRIPS AUROBINDO PHARMA IDFC ACTION BUY BUY LEVEL 192.00 159.20
CASH
1ST TARGET 193.00 160.20 2ND TARGET 194.00 161.20 STOP LOSS 191.00 158.20
FUTURE
SCRIPS . HEXAWARE SELL 84.20 83.20 82.20 85.20 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
WIPRO
SELL
334.50
332.50
330.50
336.50
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