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 market

European markets were up with FTSE up

by 26.53 pts at 5739.35, CAC up by 15.62

pts at 3337.18 and DAX up 40.95 pts at

6795.41

Dow future up 48.00 pts at 12971

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DAILY EQUITY NEWSLETTER

03RD AUGUST 2012

HEADLINES

• Sensex ends range bound session flat

• NTPC spikes 4%

• Ashok Leyland july sales up 25% at

9,785 units

• Markets next move depends on

ECB decision;

FII’s and DII’s

CATEGORY DATE BUY SELL NET

FII 02-AUG-12 1653.63 1513.5 140.13

DII 02-AUG-12 838.34 904.82 -66.48

NIFTY DAILY PIVOTS

PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 5330 5300 5270 5258 5240 5228 5210 5180 5150

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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 day's low and off close to 25 points from the day's 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 day's low of 17,157.28 in early afternoon trade, its lowest level since 31 July 2012. The index declined 11.37 points at the day's 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 figures. The index hit a

low of 5,209.95 in intraday trade, its lowest level since 31 July 2012. The Nifty hit high of 5,236.90 in intraday trade.

The BSE Mid-Cap index was up 0.21% and the BSE Small-Cap index was up 0.45%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 1750 crore, lower than Rs 1910 crore on Wednesday, 1 August 2012.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,487 shares rose and 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%.

Asian Paints gained 0.96% after company said that it has received the certified Copy of the order passed by

the High Court Mumbai approving the Scheme of Merger and Demerger which envisages merger of PPG Coatings India (a subsidiary of PPG in India) and AP Coatings (a wholly owned subsidiary of Asian Paints)

with Asian PPG Industries (APPG) (existing Joint Venture between Asian Paints Group and PPG Group). The Scheme then provides for demerger of the Liquid Industrial Paints, Powder Coatings and Protective 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 company's board last month announced a liberal 1:1 bonus.

Capital goods stocks extended recent gains. L&T gained 0.51%. The company's 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

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.

L&T's order inflow jumped 21% to Rs 19594 crore in Q1 June 2012 over Q1 June 2011 despite weak

STOCKS TO WATCH UB HOLDING

DLF

OPTO CIRCUIT

UNITED SPIRITS

TITAN

SCRIPS IN BAN PERIOD

suzlon

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.

EXPERT OPINION

NIFTY

Nifty looks bullish

Strategy: Buy on dips

Support:5180

Resistance:5280

BANK NIFTY

Bank Nifty looks bullish

Strategy: Buy on dips

Support: 10345

Resistance:10490

GAINERS AND LOOSERS

PREVIOUS PERFORMANCE

TYPE SCRIP B/S RESULT

CASH UNITED SPIRIT

B NT EXECUTED

CASH MARUTI B NT EXECUTED

FUTURE VOLTAS S TGT ACHIEVED

FUTURE REC B TGT ACHIEVED

DAILY NIFTY GAINERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHANGE

%

CHANGE

NTPC 163.50 8059566 157.50 6 3.81

BHEL 223.70 3130116 220.40 3.05 1.38

AXIS BANK

1059.10 1447167 1046 12.50 1.20

SAIL 86.70 498503 85.85 .70 .82

JINDALST

EL 403.70 010661 400 3.70 1.29

DAILY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET %

CHANGE

CAIRN 330.75 2445642 338.90 8.55 2.52

TATAMOTOR 222.50 5747058 227.35 4.65 2.05

BPCL 353.70 640755 360.15 5.60 1.55

TATA

POWER 98.25 1085782 99.85 1.85 1.85

CIPLA 348.60 1268257 354 4.85 1.37

.

MARKET CALLS

CASH

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET 3RD

TARGET STOP LOSS

CENTURY BUY 308 311 314 317 305

BATA BUY 900 910 920 930 890

FUTURE

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET 3RD

TARGET STOP LOSS

AMBUJA BUY 186 187 188 189 185

JPASSOCIATE BUY 76.50 77.20 77.90 78.80 75.50

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