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WEEKLY EQUITY REPORT BY EPIC RESEARCH- 15 OCTOBER 2012
1. WEEKLY NEWS
Reliance asks govt to end logjam on KGD6
capex plan
Reliance Industries has asked the oil ministry to break
the logjam and approval for its KGD6 capex plans of
USD 1.6 bn for FY12 and FY13.According to sources
the government had verbally agreed to the capex plan
on August 7 but still has to given written approval. The
government wants to give approval once RIL agrees to
the CAG undertaking a finance and performance audit.
India Inc asks RBI to cut interest rate
WEEKLY EQUITY Expressing disappointment over slow growth of the
NEWSLETTER industrial production, India Inc today asked the Reserve
TH
15 OCTOBER 2012 Bank to cut interest rate at which the central bank lends
to banks to help boost investments."The IIP figures are
disappointing. What is of serious concern is the sharp
drop in electricity production even as the manufacturing
sector continues to stagnate due to faltering
MARKET UPDATE:- investments," CII Director General Chandrajit
Banerjee said in a statement.
Nifty down 75 pts at
5676.05 Domestic aviation sector may see recovery in
Q3: Report
Bank Nifty down 142 pts
The struggling domestic aviation sector is likely to see a
at 11388.45 recovery in the third quarter on the back of a stronger
domestic currency and temporary shutdown of
Kingfisher Airlines , among others, according to a
report.
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2. MARKET ANALYSIS
KEY BENCHMARK INDICES EDGED LOWER, WITH THE MARKET SENTIMENT WAS HIT ADVERSELY AFTER
GLOBAL CREDIT RATING AGENCY STANDARD & POOR'S (S&P) ON WEDNESDAY, 10 OCTOBER 2012,
WARNED THAT INDIA STILL FACED A ONE -IN -THREE CHANCE OF A CREDIT RATING DOWNGRADE TO JUNK
STATUS WITHIN THE NEXT 24 MONTHS DESPITE A NEW DRIVE FOR ECONOMIC REFORM THAT WAS
LAUNCHED IN SEPTEMBER 2012.
THE BAROMETER INDEX, BSE SENSEX, FELL 263.28 POINTS OR 1.39% TO 18,675.18
THE S&P CNX NIFTY DECLINED 70.90 POINTS OR 1.23% TO 5676.05.
FROM 30 SHARE SENSEX PACK, 22 STOCKS FELL AND ONLY EIGHT OF THEM ROSE.
IT MAJOR INFOSYS LOST 5.23% TO RS 2395.65. AMONG OTHER IT SHARES, WIPRO (DOWN 5.93%) AND
TCS (DOWN 0.43%), EDGED LOWER. INDIA'S SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT
HDFC BANK ROSE 1.36%.INDIA'S LARGEST BANK BY BRANCH NETWORK STATE B ANK OF INDIA (SBI)
DECLINED 3.79%.TATA STEEL ROSE 2.49%.INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SHED
4.49%.INDEX HEAVYWEIGHT AND CIGARETTE MAKER ITC ROSE 2.65% TO RS 283. AUTO STOCKS FELL
ACROSS THE BOARD. MAHINDRA & MAHINDRA (M&M) SHED 1.58%.I NDIA'S LARGEST COMMERCIAL
VEHICLE MAKER BY SALES TATA M OTORS FELL 3.5%.
.
EXPERT OPINION
NIFTY WEEKLY PIVOTS
NIFTY BANK NIFTY
Nifty looks Consolidate Bank Nifty looks Consolidate
Strategy: Sell on Rise Strategy: Sell on Rise
Support: 5570 Support: 11190
Resistance: 5740 Resistance:11590
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6032 5917 5802 5739 5687 5642 5572 5457 5342
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4. GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR. NET % CHANGE
CLOSE CHANGE
Sun Pharma 713.25 1509.58 682.55 30.7 4.5
JP Associate 92.65 23142.53 88.7 3.95 4.45
Ultratech C 2044.7 344.64 1971.1 73.6 3.73
ITC 283.5 8159.73 275.65 7.85 2.85
ACC 1498.05 355.68 1457.65 40.4 2.77
WEEKLY NIFTY LOOSERS
.
SCRIPS RATE VOL. PR. CLOSE NET % CHANGE
(000) CHANGE
DLF 218.75 9274 241.9 -23.15 -9.57
Siemens 686.75 379.65 744.35 -57.6 -7.74
BHEL 245.4 10830.24 263.9 -18.5 -7.01
Wipro 352.05 1934.96 373.25 -21.2 -5.68
Hindalco 118.05 10894.78 125 -6.95 -5.56
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