Weekly equity-report by epic research 10 dec 2012
Click here to load reader
Embed Size (px)
Transcript of Weekly equity-report by epic research 10 dec 2012
- 1. WEEKLY NEWS Infosys may lower FY13 dollar guidanceInfosys has sounded the warning bell. The IT bellwetherhas prompted fears that it could revise its guidancelower. Its top management has told analysts that itexpects challenges in meeting its whole year dollarrevenue guidance. The company has already revised itguidance once during the year to five percent. Nowthere are fears that it might revise it below 5 percent. CARE IPO gets 4% subscription on first dayRating agency CAREs initial public offer (IPO) received4 per cent subscription on the first day of the publicissue today. The IPO attracted bids for 2.56 lakh shares WEEKLY EQUITYagainst 71.99 lakh shares on offer by 1700 hrs, as perNEWSLETTERdata available with the National Stock Exchange. TH10 DECEMBER 2012 EGoM decides to cut base reserve price by 30%in 4 circlesAfter the 2G auction turned out to be a failure, thegovernment has decided to cut spectrum reserve price MARKET UPDATE:-by 30% in four circles. The Empowered group ofMinisters (EGoM) met today as Telecom Minister KapilNifty up by 29 pts andsettle at 5907.85 Sibal laid out the auction roadmap. He said that theministry will conduct fresh auctions in four circles forBank Nifty up by 237 pts1800 mhz band. These includeMumbai, Delhi,at 12363.70 Karnataka and Rajasthan. Sibal also informed that threecircles (Mumbai, Kolkata and Delhi) will see auction for900 mhz band. http://www.epicresearch.co09752199966 09993959693
2. MARKET ANALYSIS KEY BENCHMARK INDICES EDGED HIGHER AFTER THE UPA GOVERNMENT WON THE VOTE ON FOREIGNDIRECT INVESTMENT (FDI) IN MULTI -BRAND RETAIL IN BOTH THE HOUSES OF PARLIAMENT. THE MARKETGAINED IN 3 OUT OF 5 TRADING SESSIONS IN THE WEEK JUST GONE BY. DATA SHOWING THAT FOREIGNINSTITUTIONAL INVESTORS (FIIS) REMAINED NET BUYERS OF INDIAN STOCKS BOOSTED SENTIMENT. THE BSE SENSEX ROSE 84.20 POINTS OR 0.44% TO 19424.10 THE 50-UNIT S&P CNX NIFTY GAINED 27.55 POINTS OR 0.46% TO 5907.40 FROM THE 30-SHARE SENSEX PACK, 17 STOCKS ROSE AND REST OF THEM FELL. BANK STOCKS WERE MOSTLY HIGHER. ICICI BANK HIT 52-WEEK HIGH OF RS 1,144 IN INTRADAY TRADEFRIDAY, 7 DECEMBER 2012. ICICI BANK CLARIFIED ON 30 NOVEMBER 2012 THAT THE BANK ISCURRENTLY NOT CONSIDERING MERGER OR ACQUISITION OF ANY BANK. SMALL CAR MAKER M ARUTISUZUKI INDIA STRUCK A 52-WEEK HIGH OF RS 1,537 IN INTRADAY TRADE FRIDAY, 7 DECEMBER 2012.THE CAR MAJOR WILL REPORTEDLY RAISE PRICES OF CARS BY UP TO RS 20,000 FROM JANUARY 2013 TOCOUNTER CURRENCY FLUCTUATIONS. JAPAN ACCOUNTS FOR UP TO A FOURTH OF PARTS SOURCED BYMARUTI FROM OVERSEAS. TATA MOTORS EDGED HIGHER. THE COMPANY EARLY THIS MONTH SAID ITSTOTAL SALES (INCLUDING EXPORTS ) OF TATA COMMERCIAL AND PASSENGER VEHICLES IN NOVEMBER2012 STOOD AT 66,500 VEHICLES.. EXPERT OPINION NIFTY WEEKLY PIVOTS NIFTYBANK NIFTY Nifty looks ConsolidateBank Nifty looks Consolidate Strategy: Sell on rise Strategy: Sell on rise Support:5820 Support: 12160 Resistance: 5980 Resistance: 12560 NIFTY WEELY PIVOTSPIVOTSR4 R3R2R1 PP S1S2S3S4NIFTY6231 612060095958 5898 584757875676 5565 http://www.epicresearch.co09752199966 3. NIFTY WEEKLY CHART WEEKLY BANK NIFTY CHARThttp://www.epicresearch.co 09752199966 4. GAINERS AND LOOSERSWEEKLY NIFTY GAINERSSCRIPSRATEVOL. (000) PR. NET % CHANGE CLOSECHANGE Maruti 1509.95 1272.131482.5527.40 1.85 M&M 939.20 1317.30 928.8510.35 1.11 Tata Power109.80 3767.00 108.75 1.05 0.97Bank Of 798.20 608.87791.30 6.90 0.87BarodaHindalco 123.80 6208.97 122.90 0.90 0.73 WEEKLY NIFTY LOOSERS. SCRIPS RATE VOL.PR. CLOSE NET % CHANGE (000) CHANGE HCL Tech.614.05 10377.78 656.50-42.45-6.47Infosys2321.15881.34 2436.85 -115.70-4.75 Bharti Airtel322.45 9948.24337.00-14.55-4.32 TCS 1264.15 1789.65 1314.00-49.85-3.79 Grasim3248.2571.403360.40 -112.15-3.34DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept anyresponsibility (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 onsources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provide individuallytailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, andencourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based onthe 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, togethe r with allestimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocksrecommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any viewsexpressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading ofthe 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 anyfinancial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer tobuy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our callsor SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.