- The Indian stock market had a rollercoaster week, with indices falling 2% after recent modest gains, due to disappointing earnings from Infosys and concerns about slowdowns in China and Europe. - Infosys shares fell sharply after its Q4 earnings and guidance missed expectations. Industrial output grew 4.1% in February but downward revisions raised hopes the RBI will cut rates. - The market outlook remains uncertain due to concerns over economic growth in major regions and a lack of significant policy reforms in India, though a RBI rate cut may provide some support.

1. Weekly Equity Report (16 APR 2012)
Weekly News Hitting Indian Market
 Friday the 13th spooks Sensex...Infosys plunges.
 Industrial output grows 4.1% in Feb.
 Infosys Q4 Cons PAT at `23.16bn.
 Chinese economy slows in Q1...Grows 8.1% YOY.
 India's trade deficit in the fiscal year ended March 2012 is seen at US$185bn.
 Infosys tumbles on poor Q4 earnings, disappointing outlook.
Weekly trend of the Market
The roller-coaster ride continues on Dalal Street, with the main indices falling 2% each after rising
modestly in the past couple of weeks. While the dismal IIP numbers and shocking revision lifted hope of a
repo rate cut on April 17, worries about slowdown in China and fiscal woes in Europe dampened the
mood on Friday. IT shares were hit hard after Infosys announced disappointing Q4 earnings and muted
guidance.
Concerns persist over economic growth in key regions like the US, China and the euro zone. Back home
too, the macroeconomic conditions are not conducive. While the Government continues to dither on
important policy reforms, some of the announcements like GAAR have spooked foreign investors. Data
quality and reliability are also in doubt following the IIP fiasco. Therefore, there is an urgent need for the
Centre to prevent the situation from spiraling out of control.
The RBI could help by cutting the repo rate by at least 25 bps. But, given the high fiscal deficit, elevated
crude oil prices and sticky inflation it will be a tough call for Governor D. Subbarao.

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Weekly Nifty Gainers
COMPANY CURR.RATE VOL PREV.CL CHANGE NET CHG
Kotak Bank 581.50 383.37 534.00 47.50 8.90
ITC 236.25 3459.73 224.05 12.20 5.45
SBI 2212.30 1389.60 2100.45 111.85 5.33
HUL 425.15 1463.76 404.50 20.65 5.11
Tata Motors 289.30 3938.41 275.60 13.70 4.97
Weekly Nifty Losers
COMPANY CURR.RATE VOL PREV.CL CHANGE NET CHG
Infosys 2402.55 817.70 2822.75 -420.20 -14.89
TCS 1068.35 788.31 1164.10 -95.75 -8.23
JP Asso 77.35 20426.36 82.30 -4.95 -6.01
R Infra 546.00 1441.27 580.40 -34.40 -5.93
Wipro 419.30 609.57 439.05 -19.75 -4.50
Weekly Nifty pivots
Pivot R4 R3 R2 R1 PP S1 S2 S3 S4
Nifty 5596 5475 5354 5280 5233 5159 5112 4991 4870
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Weekly Nifty chart
Weekly BANK Nifty chart
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