1. WEEKLY NEWS
 Infosys Q4 disappoints; downgrades loom on
weak guidance
Infosys shares plunged 21 percent to Friday close at a
near-four month low of Rs 2295.45, after its fourth
quarter numbers and FY14 guidance were way below
market expectations. This is the biggest single day fall
since April 10, 2003, when the stock tanked 26 percent
after missing its guidance.The IT major's fourth quarter
net profit rose slightly higher-than-expected 3 percent
year-on-year (1 percent quarter-on-quarter) to Rs 2,394
crore, helped by higher other income and lower income
tax expenses.
WEEKLY EQUITY
NEWSLETTER  FinMin pitches for ratings upgrade for economy
TH
15 APRIL 2013 with Fitch
The Finance Ministry today made a strong case for
rating upgrade of Indian economy by global agency
Fitch on the back of increasing investments, declining
import of gold and government's commitment to fiscal
 MARKET UPDATE:-
prudence.The issue of rating upgrade was raised by
Finance Ministry officials at a meeting with the
 Nifty down by 25 pts and
settle at 5528.55 representatives of Fitch here. The meeting was
attended by Department of Economic Affairs Secretary
 Bank Nifty up by 400 pts Arvind Mayaram, among others
at 11410.10
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2. MARKET ANALYSIS
 UNCERTAIN POLITICAL SITUATION IN INDIA AND SOME POOR MACRO NUMBERS IN THE RECENT PAST HAS
CAUSED THE INDIAN MARKETS TO UNDERPERFORM THE GLOBAL PEERS SINCE THE BEGINNING OF THE
CURRENT MONTH. RATHER THE FOREIGN INSTITUTIONAL INVESTORS (FII) WHICH TILL THE END OF THE
PREVIOUS MONTH WERE MOPPING UP INDIAN EQUITIES TURNED NET SELLERS IN THE EQUITY SEGMENT.
ON THE CONTRARY MOST OF THE GLOBAL MARKETS DURING THIS PERIOD RALLIED CONSIDERABLY. SO IT
APPEARS PERHAPS THAT THE INDIAN MARKET IS THE VICTIM OF PORTFOLIO REALIGNMENT BY THE GLOBAL
FUNDS IN FAVOR OF SAFER DEVELOPED ECONOMIES. ON THE OTHER HAND SOME OF THE MACRO
PARAMETERS HAVE BEEN DISAPPOINTING FOR SOME TIME AND PERHAPS THE INDIAN MARKET IS FINALLY
CATCHING UP TO MACRO REALITIES. ALL IN ALL THE MOOD APPEARS ABSOLUTELY BEARISH IN THE INDIAN
MARKETS AND THE DISAPPOINTING PROFITABILITY GUIDANCE GIVEN BY IT HEAVY WEIGHT INFOSYS FOR
FY14 AFTER DECLARING ITS Q4FY13 EARNINGS HAS ONLY ADDED FUEL TO THE FIRE. THE BENCHMARK
NIFTY TODAY FELL 65.45 POINTS TO CLOSE AT 5528.55 (MAINLY CONTRIBUTED BY INFOSYS BUTCHERING
WHICH FELL MORE THAN 21%). OVERALL FOR THE WEEK THE NIFTY FELL 24.70 POINTS.
 THE NIFTY FUTURE PREMIUM OF THE APRIL SERIES NARROWED DOWN TO JUST 6.65 POINTS (5535.20) AS
COMPARED TO 16.05 POINTS ON MONDAY, PERHAPS AN INDICATION OF FRESH SHORTS BEING CREATED IN
THE NIFTY FUTURE SEGMENT. NOT JUST THE INDEX FUTURES, BUT SOME OF THE MAJOR STOCK FUTURES
SEGMENTS ALSO WITNESSED ADDITION OF OPEN INTEREST (OI) ON THE SHORT SIDE.
.
 EXPERT OPINION
NIFTY WEEKLY PIVOTS
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support:5450 Support: 11300
Resistance: 5600 Resistance: 11500
 NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5937 5804 5671 5599 5538 5466 5406 5272 5139
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3.  NIFTY WEEKLY CHART
 WEEKLY BANK NIFTY CHART
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4.  GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR. NET % CHANGE
CLOSE CHANGE
JP Associate 70.80 17933.75 64.10 6.70 10.45
Tata
275.15 8703.29 255.20 19.95 7.82
Motors
Ambuja
175.95 2616.38 164.75 11.20 6.80
Cement
Lupin 659.80 409.35 618.20 41.60 6.73
DLF 247.40 10156.85 232.80 14.60 6.27
. WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL. PR. CLOSE NET % CHANGE
(000) CHANGE
Infosys 2296.65 546.62 2865.85 -569.2 -19.86
Tata Steel 299.5 3985.83 309.2 -9.7 -3.14
Coal India 299.9 2585.16 309.25 -9.35 -3.02
Jindal Steel 327.85 1631.55 335.55 -7.7 -2.29
Asian Paints 4662 73.49 4767.55 -105.55 -2.21
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