weekly-equity-report BY EPIC RESEARCH 4 FEB 2013

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Transcript of weekly-equity-report BY EPIC RESEARCH 4 FEB 2013

  • WEEKLY NEWS

    All decisions on 2G spectrum auction finalised:

    Kapil Sibal

    The Empowered Group of Ministers met today to

    discuss the 2G auction. Speaking after the meeting,

    telecom minister, Kapil Sibal said all decisions regarding

    the auction have been finalised. He also added that

    there will be no cap on the maximum number of blocks

    any company can bid for. Kapil Sibal, telecom minister,

    said, "The EGoM met today to approve the notice for

    the invitation of the auction and the whole agenda has

    been approved. We are now going ahead with the

    auction as proposed. Whatever are the other procedural

    decisions that had to be taken, have been taken. You

    can find out all the details from us."

    Govt spend in infra space to pick up: L&T's

    Raman

    Heavy engineering and construction major Larsen &

    Toubro expects government spend on infra

    development to pick up soon. R Shankar Raman, CFO,

    L&T in an interview with CNBC-TV18 said that the

    company is getting good orders from civil construction

    space

    Budget 2013-14: FM will get a bigger bank

    recap bill, courtesy RBI

    The finance minister is not going to get his free lunch

    from Duvvuri Subbaro, despite the fact that the latter cut

    both repo and cash reserve ratio on 29 January to

    please him.The obverse side of easier money and credit

    is always a higher complement of bad loans. And more

    bad loans means more capital.

    http://www.epicresearch.co 09752199966 09993959693

    WEEKLY EQUITY NEWSLETTER

    4TH FEBRUARY 2013

    MARKET UPDATE:-

    Nifty down by 84 pts and

    settle at 5998.90

    Bank Nifty down by 99 pts at 12606.00

  • NIFTY WEEKLY PIVOTS

    http://www.epicresearch.co 09752199966

    MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER AFTER THE RESERVE BANK OF INDIA WHILE ANNOUNCING A

    REDUCTION OF ITS KEY POLICY LENDING RATE BY 25 BASIS POINTS (BPS) AFTER A MONETARY POLICY REVIEW ON 29 JANUARY 2013 SIGNALED THAT THERE IS LESS ROOM FOR AGGRESSIVE POLICY RATE CUTS AMID ANY NEGATIVE SURPRISE EMANATING FROM INFLATION AND THE TWIN DEFICITS. THE BAROMETER INDEX, BSE SENSEX, SLIPPED BELOW THE PSYCHOLOGICAL 20,000 MARK

    THE BSE SENSEX DECLINED 322.34 POINTS OR 1.6% TO 19718.19 IN THE WEEK ENDED 1 FEBRUARY 2013.

    THE S&P CNX NIFTY DECLINED 75.75 POINTS OR 1.24% TO 5998.90. FROM THE 30-SHARE SENSEX PACK, 23 STOCKS FELL AND ONLY 7 OF THEM ROSE. AUTO STOCKS WERE MIXED. MAHINDRA & MAHINDRA (M&M) SHED 1.52%.MARUTI SUZUKI INDIA ROSE

    0.53%. MARUTI SUZUKI INDIA SAID DURING MARKET HOURS FRIDAY, 1 FEBRUARY 2013, ITS TOTAL SALES FELL 1.1% TO 1.14 LAKH UNITS IN JANUARY 2013 OVER JANUARY 2012. TATA MOTORS TUMBLED 5.33%.SHARES OF TWO-WHEELER MAKERS WERE MIXED. BAJAJ AUTO DECLINED 1.24% AND HERO MOTOCORP ROSE 2.79%.L&T DROPPED 4.5%.BANKING STOCKS SLIPPED ON PROFIT BOOKING. STATE BANK OF INDIA (SBI) SHED 4.11%.ICICI BANK FELL 0.15% TO RS 1171. INDIA'S SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT HDFC BANK DROPPED 3.66%.

    .

    EXPERT OPINION

    NIFTY BANK NIFTY

    Nifty looks Bearish Bank Nifty looks Bearish

    Strategy: Sell on rise Strategy: Sell on rise

    Support:5950 Support: 12510

    Resistance: 6050 Resistance: 12690

    NIFTY WEEKLY PIVOTS

    PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

    NIFTY 6414 6286 6158 6078 6030 5950 5902 5774 5646

  • http://www.epicresearch.co 09752199966

    NIFTY WEEKLY CHART

    WEEKLY BANK NIFTY CHART

  • .

    GAINERS AND LOOSERS

    WEEKLY NIFTY GAINERS

    SCRIPS RATE VOL. (000) PR.

    CLOSE

    NET

    CHANGE

    % CHANGE

    Axis Bank 1509.65 1656.66 1386.25 123.40 8.90

    Coal India 356.70 2178.50 341.05 15.65 4.59

    Cipla 414.40 1752.02 397.90 16.50 4.15

    ITC 309.40 13767.52 299.75 9.65 3.22

    DLF 267.90 9173.12 259.75 8.15 3.14

    WEEKLY NIFTY LOOSERS

    SCRIPS RATE VOL.

    (000)

    PR. CLOSE NET

    CHANGE

    % CHANGE

    Bharti Airtel 329.4 4734.76 360.5 -31.1 -8.63

    Tata Motors 281.65 15381.9 301 -19.35 -6.43

    L & T 1533.35 2335.11 1611.3 -77.95 -4.84

    Reliance Infra 516.75 1758.1 540.15 -23.4 -4.33

    Ultratech 1837.75 106.55 1916.65 -78.9 -4.12

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