Professional Documents
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Indian Market
Indian equity markets down by 0.03% Nifty up by 6.00 pts and settle at 6054.00 Sensex up by 54.00 pts at 20026.00 Bank Nifty up by 120.00 pts at 12728.00
Global Market
European markets were up with FTSE up by 18.47 closed at 6196 ,CAC down by 14.84 closed at 3726 and DAX up by 11.33 closed at 7707. Dow future was down 4.00 closed at 13715.00
HEADLINES
Bharti group to expand in Africa: Sunil Mittal Imported coal price, Barmer plant boost Q3: JSW Energy Tata Motors tumbles on JLR margin warning Bharti Airtel raises call prices, rivals seen following
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MARKET ANALYSIS:
Key benchmark indices eked out small gains in a volatile session of trade as European stocks edged higher ahead of a vote to increase the US debt ceiling. BSE Sensex advanced 45.04 points or 0.23% to settle at 20,026.61. S&P CNX Nifty advanced 5.80 points or 0.1% to 6,054.30. Among the 30-share Sensex pack, 16 rose while the rest of them fell. PSU OMCs fell as US crude oil futures rose on speculation that the United States will lift its debt limit. BPCL (down 1.87%), HPCL (down 1.54%) and Indian Oil Corporation (down 2.27%), edged lower. HUL's decision increase the rate of royalty to the parent firm weighed on other MNC FMCG stocks. Nestle India, Colgate-Palmolive (India) and Procter & Gamble Hygiene and Health Care dropped 2.8% to 4.2%.IT stocks were mixed. TCS declined 0.35%.Wipro expects revenues from IT Services business at $1.585 billion to $1.625 billion in Q4 March 2013. Polaris Financial Technology lost 6.85% after consolidated net profit fell 26.24% to Rs 40.66 crore on 4.37% decline in net sales to Rs 572.88 crore in Q3 December 2012 over Q2 September 2012. Metal stocks edged lower. Sterlite Industries (India) (down 0.09%), JSW Steel (down 0.41%), Jindal Steel & Power (down 0.52%), Sail (down 0.99%), Hindalco Industries (down 2.93%) and Hindustan Zinc (down 1.46%) declined. Larsen & Toubro rose 0.69% to Rs 1,562.95 ahead of its Q3 December 2012 results tomorrow, 24 January 2013.
FII DII
23-Jan-13 23-Jan-13
3525.59 952.28
2722.97 1804.61
802.62 -852.33
IBREALEST
5885
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EXPERT OPINION
NIFTY
Nifty looks Consolidate Strategy: Sell on rise Support: 6010 Resistance: 6090
BANK NIFTY
1.46 1.38
Bank Nifty looks Consolidate Strategy: Sell on rise Support: 12650 Resistance: 12790 .0
1.24 1.11
0.91
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
B B B B
UPCOMING RESULTS
ANDHRA BANK ASHOK LEYLAND BIOCON L&T
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MARKET CALLS
CASH
SCRIPS MCLEOD BHARTI AIRTEL ACTION BUY BUY LEVEL 349.00 368.00 1ST TARGET 352.00 371.00 2ND TARGET 355.00 374.00 STOP LOSS 346.00 365.00
FUTURE
SCRIPS . JP ASSOCIATE SELL 87.00 86.25 85.50 87.75 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
ADANI ENT
SELL
268.00
266.50
265.00
269.50
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