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Indian Market
Indian equity markets were down 0.48% Nifty down by 40.05 pts and settle at 5987.25 Sensex down by 110.73 pts at 19751.25 Bank Nifty down by 160.35 pts at 12584.75
Global Market
European markets were down with FTSE down by 100.40 closed at 6246 ,CAC down by 113.62 closed at 3659 and DAX down by 195.16 closed at 7638. Dow future was up 17.00 closed at 13862.00
HEADLINES
Idle planes turn Q3 red for Kingfisher Air Zensar Tech eyeing acquisitions in USD 30-40m space NTPC disinvestment: EGoM to decide OFS price on Tuesday India commitments encouraging; delivery, growth key: Fitch
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MARKET ANALYSIS:
Key benchmark indices reversed intraday gains in late trade on concerns that PSU disinvestment and reduction of promoter stake to meet the Securities & Exchange Board of India (Sebi) mandated minimum public shareholding of 25% for private companies and 10% for state-run firms will result in supply of equity in the market over the next few months. The market breadth, indicating the overall health of the market, was negative. BSE Sensex lost 30 points or 0.15% to settle at 19,751.19, its lowest closing level since 11 January 2013. S&P CNX Nifty shed 11.65 points or 0.19% to 5,987.25. Among the 30-share Sensex pack, 19 stocks declined while the rest of them rose. PSU OMCs dropped. HPCL, BPCL and Indian Oil Corporation declined by 0.86% to 2.72%. The Ministry of Petroleum & Natural Gas after trading hours on Friday, 1 February 2013, said that supply diesel to the fishermen would be treated as retail supply and will be supplied at the price applicable for the other retail outlets of PSU OMCs with immediate effect. Shares of state-run banks dropped. State Bank of India (SBI) shed 0.98%. The bank has reduced the base rate by 5 basis points (bps) to 9.7% per annum (p.a.) from 9.75% per annum effective from 4 February 2013. The bank has also reduced the Benchmark Prime Lending Rate by 5 bps to 14.45% p.a. from 14.5% p.a. effective from 4 February 2013.
FII DII
4-Feb-13 4-Feb-13
3489.13 746.78
2632.19 1339.11
856.94 -592.33
WELCORP PUNJLYOD
5804
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EXPERT OPINION
NIFTY
Nifty looks Consolidate Strategy: Sell on rise Support: 5940 Resistance: 6020
BANK NIFTY
2.68 1.53
Bank Nifty looks Consolidate Strategy: Sell on rise Support: 12510 Resistance: 12650 .0
0.80 0.69
0.67
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
B S S B
UPCOMING RESULTS
ESCORTS ILFS JK CEMENT KINGFISHER AIR
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MARKET CALLS
CASH
SCRIPS ALLAHBAD BANK ARVIND ACTION SELL SELL LEVEL 154.00 91.00 1ST TARGET 153.00 90.50 2ND TARGET 152.00 90.00 STOP LOSS 155.00 91.50
FUTURE
SCRIPS . STERLITE SELL 110.00 109.00 108.00 111.00 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
BANK OF INDIA
SELL
340.00
338.00
336.00
342.00
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