Indian equity markets up 1.03%
Nifty up 54.15 pts and settle at 5336.70
Sensex up 188.82 pts at 17601.78
Bank Nifty up 129.55 pts at 10591.95
European markets were up with FTSE up
by 7.35 pts at 5816.12, CAC up by 38.39
pts at 3439.95 and DAX up 43.33 pts at
08TH AUGUST 2012
Dow future up 43.00 pts at 13063
* Reliance Communications approaches
SBI for Rs 4,000 crores loan
* CRISIL Research cuts 2012-13 GDP
growth forecast to 5.5%
* Indian firms' overseas investment
declines to $1.24 bn in July
* SAIL's Q1 net falls 18% on forex
losses, lower other income
Indian equity benchmarks rallied 1% for the second consecutive session on Tuesday as traders
continued to add long positions ahead of monsoon parliament session. The market's rally was also on
account of stability in global peers. The 30-share BSE Sensex rose 188.82 points or 1.08% to close at
17,601.78 led by banks, technology, FMCG and auto stocks. Meanwhile, the 50-share NSE Nifty went
up 54.15 points to 5,336.70.
Country's largest lenders State Bank of India and ICICI Bank rose 2% each while housing finance
company HDFC went up 1.5%. Top commercial vehicle maker Tata Motors topped the buying list with
4.42% gains on value buying. Shares of IDFC, GAIL and Ambuja Cements rallied 3%-4%.
TCS, India's largest software services exporter surged 2.86% and its rival Infosys was up 1.9%. FMCG
majors ITC and HUL were up 1% and 0.8%, respectively. Engineering and construction major Larsen
& Toubro rose 0.75% and state-owned power equipment manufacturer BHEL moved up 1.4%.
Shares of Bajaj Auto, Jindal Steel, Tata Power, NTPC and Maruti Suzuki climbed 1-2%.Two-wheeler
major Hero Motocorp fell 1.4% due to adjustment for dividend of Rs 45 a share. Top telecom operator
Bharti Airtel declined 0.8%.
Index heavyweight Reliance Industries was down 0.7% in morning trade, then rebounded in second half
of trade to 0.7%. But it failed to hold gains and closed with marginal losses. The broader markets
gained 0.35% as advancing shares outnumbered declining by 1495 to 1277 on the BSE.
FII's and DII's
STOCKS TO WATCH
NIFTY DAILY PIVOTS
SCRIPS IN BAN PERIOD
NIFTY 5548 5477
5375 5335 5304 5264
GAINERS AND LOOSERS
DAILY NIFTY GAINERS
Nifty looks bullish
Strategy: Buy on dips
Bank Nifty looks bullish
Strategy: Buy on dips
DAILY NIFTY LOOSERS
KOTAK BANK B
www.epic research.co 09993959693
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