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1. HEADLINES
Indian market
Indian equity markets up .46%
Nifty up 23.85 pts and settle at 5240.55
Sensex up 92.50 pts at 17236.18
Bank Nifty down 36.95 pts at 10435
Global market
DAILY EQUITY European markets were down with FTSE
down by 15.77 pts at 5677.86, CAC up by
NEWSLETTER 4.37 pts at 3325.08 and DAX up 34.70
01ST AUGUST 2012 pts at 6808.76
Dow future up 25.00 pts at 13026.
HEADLINES
• SLR cut will release rs.66000: Indian banks
association
Upcoming Quarterly
results
• RBI keeps policy rate unchanged, SLR PVR
Cut to 23% Archies
• Bharti Airtel drops; report says may sell Voltas
shares Federal bank
• Chidambaram set to be FM;3 portfolio Ceat
Changes likely
• GAIL net profit up 15% at Rs 1134 cr, stock
WWW.EPICRESEARCH.CO 09993959693
gains
2. MARKET ANALYSIS:
Key benchmark indices edged higher for the third straight session, with the market sentiment boosted by data
showing resumption of buying of Indian stocks by foreign funds. The barometer index, BSE Sensex and the
50-unit S&P CNX Nifty attained their highest closing levels in more than 1-1/2 week. The Sensex rose 92.50
points or 0.54%, up close to 232 points from the day's low and off about 17 points from the day's high. The
market breadth turned positive from negative in late trade. Bank stocks were mixed after the Reserve Bank of
India (RBI) kept repo rate unchanged after first quarter review of Monetary Policy 2012-13 today, 31 July
2012.
The BSE Sensex has risen 596.36 points, or 3.58% in the past three trading sessions from a recent low of
16,639.82 on 26 July 2012. The Sensex lost 193.80 points or 1.11% in July 2012. The Sensex has jumped
1781.26 points or 11.53% in calendar 2012 so far (till 31 July 2012). From a 52-week low of 15,135.86 on 20
December 2011, the Sensex has risen 2100.32 points or 13.88%. From a 52-week high of 18,523.78 on 22
February 2012, the Sensex has lost 1287.60 points or 6.95%.
Index heavyweight and cigarette maker ITC scaled reversed direction after hitting record high. Index
heavyweight Reliance Industries (RIL) surged in late trade. IT stocks rose after the Reser ve Bank of India
(RBI) withdrew, subject to certain conditions, a previous order that made it compulsory for exporters to
convert half of their foreign exchange earnings kept in local banks into rupees.
The market pared gains after hitting 1-1/2-week high at the onset of the trading session. Key benchmark
indices reversed initial gains in morning trade. Volatility was the order of the day as key benchmark indices
once again slipped into the red after moving into positive zone from negative zone in mid- morning trade after
the Reserve Bank of India (RBI) kept its key policy rate viz. the repo rate unchanged at 8% after first quarter
review of Monetary Policy 2012-13. The announcement hit the market at about 11:00 IST.
The market trimmed losses after tumbling to hit fresh intraday low in early afternoon trade. Key benchmark
indices reversed intraday losses and surged to hit fresh intraday highs in mid-afternoon trade. The market
extended gains in late trade.
The market sentiment was and DII’s showing resumption of buying of Indian stocks by foreign
FII’s boosted by data STOCKS TO WATCH
institutional investors (FIIs). FIIs bought shares worth Rs 928.95 crore on Monday, 30 July 2012, as per the
UB HOLDING
provisional data from the stock exchanges. FIIs had bought shares worth a net Rs 642.20 crore from the
CATEGORY DATE BUY SELL NET
MARUTI
secondary equity markets on Friday, 27 July 2012, according to data released by Securities & Exchange
Board of India (Sebi). FIIs have made substantial purchases of Indian stocks this month
FII The BSE Sensex rose 92.50 points or 0.54% to 17,236.18, its highest closing level since 19 July 2012. The
31-Jul-12 2940.75 2060.79 879.96 JET AIRWAYS
index jumped 109.99 points at the day's high of 17,253.67 in late trade. The index fell 139.59 points at the
DII 31-Jul-12 827.81 1321.29 493.48 UNITED SPIRITS
day's low of 17,004.09 in early afternoon trade.
The S&P CNX Nifty rose 29.20 points or 0.56% to 5,229, its highest closing level since 19 July 2012. The
TATA STEEL
Nifty hit high of 5,234.55 in intraday trade.The Nifty hit a low of 5,154.05 in intraday trade.
The BSE Mid-Cap index outperformed the Sensex, rising 0.58%. The BSE Small-Cap index underperformed
NIFTY DAILY PIVOTS
the Sensex, rising 0.13%.
SCRIPS IN BAN PERIOD
The market breadth, indicating the overall health of the market, tuned positive from negat ive in late trade. On
PIVOT R4 BSE, R31,435 shares rose and 1,296 shares fell. A totalS4 135 shares were NIL
R2 R1 PP S1 S2 S3 of unchanged.
NIFTY 5455 clocked turnover of Rs 2028 crore, higher than 4981
BSE 5376 5297 5268 5218 5189 5139 5060 Rs 1741 crore on Monday, 30 July 2012.
From the 30-share Sensex pack, 17 stocks rose and the rest of them fell.
Index heavyweight and cigarette maker ITC fell 0.08% to Rs 257.70 in volatile trade. The stock hit a record
high of Rs 260.90 in intraday trade today, 31 July 2012. The company last week reported 20.21% growth in
net profit to Rs 1602.14 crore on 15.34% growth in net sales to Rs 6652.21 crore in Q1 June 2012 over Q1
June 2011. Despite series of tax hikes, ITC's performance in cigarettes business remains robust and displays
pricing power for the company.
Index heavyweight Reliance Industries (RIL) rose 1.86% to Rs 742.85. The stock hit a high of Rs 745 and a
low of Rs 721.40. RIL has bought back 3.66 crore shares for about of Rs 2617.57 crore till 24 July 2012
under its ongoing share buyback program. RIL has set maximum buyback price of Rs 870 per share. The
company has set aside Rs 10440 crore for share buyback. The buyback program opened on 1 February 2012
and closes on 19 January 2013. Last month, RIL chairman Mukesh Ambani said at 09993959693 Annual
WWW.EPICRESEARCH.CO the company's
General Meeting in Mumbai that the company's buyback program represents a highly accretive use of cash by
the company and it will supplement earnings growth from operations, for higher EPS (earnings per share), in
3. .
GAINERS AND LOOSERS
EXPERT OPINION
NIFTY
DAILY NIFTY GAINERS
Nifty looks bullish
SCRIPS RATE VOL. PR. NET %
Strategy: Buy on dips
(000) CLOS E CHANGE CHANGE
Support:5180
Grasim 2870.25 244827 2768 102 3.68
Resistance:5280
ONGC 287.40 2751589 276.80 9.25 3.83
BANK NIFTY
DLF 209.05 8449198 201.70 7.35 3.64 Bank Nifty looks bullish
STER 107.50 5414023 104.20 2.85 2.74 Strategy: Buy on dips
ACC 1324.20 464226 1297.85 26.35 2.03 Support: 10345
Resistance:10490
DAILY NIFTY LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
SCRIPS RATE VOL. PR. NET %
(000) CLOS E CHANGE
BOMBAY TGT
CASH B
DYING ACHIEVED
BHARTI AIRTEL 300.80 7949097 309.15 9.10 2.94
CASH MARUTI B NT EXECUTED
BANKBARODA 656.10 1778835 672.40 16.30 2.42
TGT
FUTURE ABAN B
ACHIEVED
HEROMOTOCO 2005 250683 2031.50 26.50 1.30
TGT
FUTURE YES BANK B
ACHIEVED
JINDALSTEL 398.65 1464427 403.40 4.75 1.18
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4. MARKET CALLS
CASH
ST ND RD
SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS
UNITED SPIRIT BUY 810 818 826 834 802
ARCHIES BUY 25.60 26.20 27 27.50 24
FUTURE
ST ND RD
SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS
.
VOLTAS SELL 104.55 103 101.50 100 106
REC BUY 189 191 193 195 187
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