Stock market special report by epic research 7th august 2014
DAILY REPORT 07 th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian share markets got off to a cautious start on Thursday, with Japanese stocks pulling further away from six-week lows as a Russian troop build-up on the border with Ukraine sapped risk-appetite and pushed global bond prices higher. Japan's Nikkei average fell 0.3%, retreating further from a six-week closing low hit the previous day. MSCI's broadest index of Asia-Pacific shares outside Ja- pan .MIAPJ0000PUS was flat. A ratcheting up of tensions in Ukraine and concerns about the strength of Europe's economic recovery knocked Euro- pean shares back onto a downward path on Wednesday. The FTSEurofirst 300 fell 0.8 percent to 1,323.65 points, its lowest close since April 16, on angst around a build-up of Russian troops near the Ukraine border. The German DAX, which is dominated by companies heavily dependent on Russian energy, fell 0.7 percent. The DAX is now down some 9 percent since early July. Wall Street Major U.S. stock indexes ended little changed on Wednes- day, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer sta- ples shares. The Dow Jones industrial average .DJI rose 13.87 pts, or 0.08%, to 16,443.34. The S&P 500 .SPX was up 0.03 point, or 0 percent, to 1,920.24, and the Nasdaq Composite added 2.22 points, or 0.05 percent, to 4,355.05. Previous day Roundup Global markets weighed on Indian investors' sentiments. The Sensex was down 242.74 points or 0.9 percent at 25665.27 and the Nifty slipped 74.50 points or 0.96 percent at 7672.05. About 1496 shares have advanced, 1479 shares declined, and 116 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 34.51pts], Capital Goods [down 17.10pts], PSU [down 93.46pts], FMCG [down 89.50pts], Auto [down 113.58 pts], Healthcare [down 95.96pts], IT [up 65.63Pts], Metals [down 250.92pts], TECK [up 5.55pts], Oil& Gas [down 71.06pts], Power [down 3.64pts], Realty [down 24.23pts]. World Indices Index Value % Change D J l 16443.34 +0.08 S&P 500 1920.24 0.00 NASDAQ 4355.05 +0.05 EURO STO 3050.37 -0.71 FTSE 100 6636.16 -0.69 Nikkei 225 15128.05 -0.21 Hong Kong 24473.99 -0.45 Top Gainers Company CMP Change % Chg INFY 3,560.00 47.00 1.34 POWERGRID 134.15 1.70 1.28 ASIANPAINT 640.00 6.60 1.04 M&M 1,240.00 9.90 0.80 RELIANCE 990.05 6.20 0.63 Top Losers Company CMP Change % Chg ITC 345.35 10.65 -2.99 PNB 950.00 26.50 -2.71 ICICIBANK 1,446.80 39.75 -2.67 SSLT 287.70 7.20 -2.44 AXISBANK 383.70 9.25 -2.35 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ASIANPAINT 640.00 6.60 +1.04 DABUR 204.90 2.05 +1.01 HINDUNILVR 707.00 2.15 +0.31 TATACHEM 374.35 2.15 +0.57 TECHM 2187.70 12.30 +0.56 Indian Indices Company CMP Change % Chg NIFTY 7672.05 -74.50 -0.96 SENSEX 25665.27 -242.74 -0.94 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg BHUSANSTL 305.00 76.20 -19.99
Stock market special report by epic research 7th august 2014
PNB FUTURE is looking week on charts, short build up has been seen, we may see more downside, if it sustains below 960 levels. We advise selling around 960-970 levels with strict stop loss of 985 for the targets of 950-935 levels.
2. ICICI BANK FUTURE
ICICI BANK is looking week on charts, short build up has been seen, we may see more downside, if it sustains below 1440 levels. We advise selling around 1440 levels with strict stop loss of 1480 for the targets of 1400-1360 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. PATEL ENGG.
PATEL ENG strong on daily chart. We advise buying around
115 level with strict stop loss 113 for the targets of 117-119
Power Ministry mulls fund to finance hydro projects.
Indian tax agencies have unearthed more than Rs 10,000
crore of tax evasion due to issuance of fake bills as a part
of its ongoing investigations. The department which was
investigating for the last two years is expected to submit
its report by September.
Public sector lender IDBI Bank 's net profit in April-June
(Q1FY15) quarter plunged 66 percent to Rs 105 crore on
account of lower other income and net interest income
but supported by lower provisions. Profit in the year-ago
period was Rs 307 crore.
Cabinet approves 100 percent FDI in railways infra.
FDI beyond 49 percent permitted for exceptional cases in
DLF -Company's plea against Rs 630 crore fine -SC to hear
plea against penalty today.
Adani in talks with IOC for refinery JV in Mundra.
Bata India to merge arms Bata Properties, Coastal Com-
mercial and Exim with company.
JSPL Q1 net profit down 15% at Rs 418 cr .
ECB set to hold fire on rates, eyes risks from Ukraine con-
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (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 on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making invest-ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-
ments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the
information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-
pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We
are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be
an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.