DAILY EQUITY REPORT BY EPIC RESEARCH-03 AUGUST 2012

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Transcript of DAILY EQUITY REPORT BY EPIC RESEARCH-03 AUGUST 2012

  • 1. HEADLINES Indian market Indian equity markets down .08% Nifty down 4.05 pts and settle at 5252.25 Sensex down 33 pts at 17224. Bank Nifty down 32.55 pts at 10433 Global marketDAILY EQUITY European markets were up with FTSE up by 26.53 pts at 5739.35, CAC up by 15.62NEWSLETTER pts at 3337.18 and DAX up 40.95 pts at 03RD AUGUST 20126795.41 Dow future up 48.00 pts at 12971 HEADLINESSensex ends range bound session flat Upcoming QuarterlyNTPC spikes 4% results Ashok Leyland july sales up 25% atAsian hotels(w) 9,785 unitsSKS microfinance Markets next move depends onSUN TV networkECB decision; United bankICRAWWW.EPICRESEARCH.CO 09993959693

2. MARKET ANALYSIS: Key benchmark indices snapped four day winning streak as investors nervously awaited the latest policy decision from the European Central Bank. The barometer index, BSE Sensex, was provisionally down 35.69 points or 0.21%, up about 65 points from the days low and off close to 25 points from the days high. The market breadth was positive. Index heavyweight and cigarette maker ITC hit record high. Index heavyweight Reliance Industries (RIL) trimmed intraday losses in volatile trade. Ashok Leyland surged after strong sales in the month just gone by. Shares of companies whose fortunes are linked to orders from Indian Railways and construction shares surged after Prime Minister Dr. Manmohan Singh today, 2 August 2012, approved relaxation in the land transfer policy of the government for government owned land so that infrastructure projects are not held up because of procedural delays. Airline stocks were mostly lower as state-owned oil companies on Wednesday raised jet fuel or ATF rates by a steep 4.5% on firming international crude oil prices. Power generation major NTPC surged after block deals on BSE. Capital goods stocks extended recent gains. Interest rate sensitive banking stocks were mostly lower as the Reserve Bank of India (RBI) kept repo rate unchanged at its first quarter review of the Monetary Policy 2012-13 early this week. Lube oil major Castrol India hit record high. The market edged lower in early trade on weak Asian stocks. The market trimmed losses in morning trade. Intraday recovery witnessed in morning trade proved short lived, with key benchmark indices hitting fresh intraday lows in mid- morning trade. The market extended losses to hit fresh intraday low in early afternoon trade. Key benchmark indices pared losses in afternoon trade as European market opened higher. Intraday recovery witnessed in afternoon trade proved short lived as key benchmark indices weakened again in mid - afternoon trade. The market trimmed intraday losses in late trade. As per provisional figures, the BSE Sensex was down 35.69 points or 0.21% to 17,221.69. The index fell 100.10 points at the days low of 17,157.28 in early afternoon trade, its lowest level since 31 July 2012. The index declined 11.37 points at the days high of 17,246.01 in early trade. The S&P CNX Nifty was down 12.60 points or 0.24% to 5,227.90, as per provisional TO WATCH index hit a FIIs and DIIsSTOCKS figures. The low of 5,209.95 in intraday trade, its lowest level since 31 July 2012. The NiftyHOLDING 5,236.90 in UB hit high of intraday trade. CATEGORY BSE Mid-Cap index was up 0.21% and the NET Small-Cap index was up 0.45%. Both these indices The DATE BUYSELLBSE DLF outperformed the Sensex. FII BSE clocked turnover 1653.63 02-AUG-121513.5 140.13 OPTO 1 Augustof Rs 1750 crore, lower than Rs 1910 crore on Wednesday, CIRCUIT 2012. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,487 shares rose and DII02-AUG-12 838.34 904.82 -66.48 UNITED SPIRITS 1,188 shares fell. A total of 142 shares were unchanged. From the 30-share Sensex pack, 18 stocks fell and the rest of them rose. Bajaj Auto, Jindal Steel & Bharti Airtel rose by between 0.72% to 0.94%. TITAN Asian Paints gained 0.96% after company said that it has received the certified Copy of the order passed by the High NIFTY DAILY PIVOTS of Merger and Demerger which envisages merger of PPG Court Mumbai approving the Scheme SCRIPS IN BAN PERIOD Coatings India (a subsidiary of PPG in India) and AP Coatings (a wholly owned subsidiary of Asian Paints)PIVOT R4 with Asian PPG IndustriesPP R3R2R1S1 S2 S3 S4 suzlon(APPG) (existing Joint Venture between Asian Paints Group and PPG Group).NIFTY 5330 Scheme5270 provides for demerger of the Liquid Industrial Paints, Powder Coatings and Protective The 5300 then 5258 5240 5228 5210 5180 5150 Coatings businesses from APPG into Asian Paints PPG (second Joint Venture company). The appointed date under the Scheme was April 01, 2012. NTPC gained 3.84% to Rs 163.40 after 0.08% equity changed hands in multiple bulk deals on the BSE today, 2 August 2012. Several bulk deals aggregating to 71.41 lakh shares were executed on the NTPC counter at an average price of Rs 159.45 per share on the BSE today, 2 August 2012. On BSE, 76.67 lakh shares were traded in the counter as against average daily volume of 2.44 lakh shares in the past one quarter. Castrol India jumped 5.29% to Rs 587.80. The stock hit a record high of Rs 589.90 in intraday trade today, 2 August 2012. The companys board last month announced a liberal 1:1 bonus. Capital goods stocks extended recent gains. L&T gained 0.51%. The companys recurring profit after tax rose 19% to Rs 890 crore on 26% growth in gross revenue to Rs 12078 crore in Q1 June 2012 over Q1 June 2011. The company announced the first quarter results last month. L&T said the healthy revenue growth in Q1 June WWW.EPICRESEARCH.CO 09993959693 2012 was on the back of a strong order book and good progress in execution of various jobs. International sales constituted 17% of the total revenue in Q1 June 2012, L&T said in a statement. 3. . GAINERS AND LOOSERS EXPERT OPINIONNIFTYDAILY NIFTY GAINERSNifty looks bullishSCRIPSRATE VOL. PR.NET%Strategy: Buy on dips (000)CLOS E CHANGE CHANGESupport:5180 NTPC163.508059566 157.5063.81Resistance:5280 BHEL223.703130116 220.40 3.051.38 BANK NIFTYAXIS1059.101447167104612.50 1.20Bank Nifty looks bullish BANKSAIL 86.70 498503 85.85.70.82 Strategy: Buy on dipsJINDALST 403.70010661 400 3.701.29Support: 10345ELResistance:10490DAILY NIFTY LOOSERS PREVIOUS PERFORMANCE TYPE SCRIP B/S RESULTSCRIPS RATE VOL.PR.NET%(000) CLOS ECHANGEUNITED CASH B NT EXECUTEDSPIRITCAIRN 330.752445642 338.90 8.55 2.52 CASH MARUTIB NT EXECUTEDTATAMOTOR 222.505747058 227.35 4.65 2.05TGT FUTURE VOLTASSACHIEVED BPCL 353.70640755360.15 5.60 1.55TGT FUTURE REC B TATA ACHIEVED 98.25108578299.85 1.85 1.85POWER CIPLA348.601268257 3544.85 1.37 www.epic research.co09993959693 4. MARKET CALLSCASH ST ND RDSCRIPSACTIONLEVEL 1TARGET 2TARGET 3TARGET STOP LOSSCENTURY BUY 308 311314 317 305BATABUY 900 910920 930 890 FUTURESTNDRDSCRIPS ACTIONLEVEL1TARGET 2TARGET 3TARGETSTOP LOSS.AMBUJABUY 186 187 188 189 185JPASSOCIATE BUY76.50 77.20 77.90 78.80 75.50DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept anyresponsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up onsources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provide individuallytailor-made investment advice. 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