weekly-equity-report BY EPIC RESEARCH 4 MARCH 2013

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

  • WEEKLY NEWS

    Budget 2013: Mauritius shouldn't be preferred

    route of investment: FM

    Clarifying the government's stance on the Double

    Taxation Avoidance Agreements (DTAA), the Finance

    Minister P Chidambaram said that Mauritius should not

    be the preferred route of investment."Investment comes

    from over a 100 countries, so I don't think Mauritius can

    or should be the preferred route for investment. There

    are other routes for investment but Mauritius does give

    a certain advantage to the investor today. If the

    advantage is enjoyed by genuine Mauritius resident or

    businessmen, then we have no complaint," he

    elaborated

    IOC hikes petrol price by Rs 1.40 per litre

    Petrol price was today hiked by Rs 1.40 per litre, the

    second big increase in rates in as many weeks. A rise in

    international oil prices and depreciation in

    rupee have necessitated a Rs 1.40 per litre increase in

    price of petrol with effect from midnight tonight, said a

    statement by Indian Oil Corporation

    Hero MotoCorp reports 4% fall in February

    sales

    ountry's largest two-wheeler maker Hero MotoCorp

    today reported a decrease of 4.24 per centin its sales at

    5,01,271 units in February 2013. The company had sold

    5,23,465 units in February 2012, Hero MotoCorp said in

    a statement.Also read: Labour pangs for Hero

    Motocorp; 5 workers on hunger strikeHero MotoCorp

    http://www.epicresearch.co 09752199966 09993959693

    WEEKLY EQUITY NEWSLETTER

    4TH MARCH 2013

    MARKET UPDATE:-

    Nifty down by 151 pts

    and settle at 5719.70

    Bank Nifty down by 579 pts at 11540.05

  • NIFTY WEEKLY PIVOTS

    http://www.epicresearch.co 09752199966

    MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY, 1 MARCH 2013 AFTER THE

    FINANCE MINISTER P CHIDAMBARAM ANNOUNCED HIKE IN SURCHARGE ON CORPORATE TAX FOR DOMESTIC COMPANIES AND DIVIDEND DISTRIBUTION TAX IN BUDGET 2013-14. THE S&P BSE SENSEX DROPPED BELOW THE PSYCHOLOGICAL 19,000 MARK DURING THE WEEK. INDIAN STOCKS FELL IN TWO OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY, 1 MARCH 2013. THE BSE MID-CAP AND THE BSE SMALL-CAP INDICES WITNESSED MAJOR SELLING PRESSURE DURING THE WEEK

    IN THE WEEK ENDED FRIDAY, 1 MARCH 2013, THE 30-SHARE S&P BSE SENSEX FELL 398.49 POINTS OR 2.06% TO 18,918.52. THE 50-UNIT CNX NIFTY FELL 130.60 POINTS OR 2.23% TO 5,719.70.

    THE S&P BSE MID-CAP INDEX DECLINED 4.36% AND THE S&P BSE SMALL-CAP INDEX FELL 5.63%. BOTH THESE INDICES UNDERPERFORMED THE SENSEX.FROM 30-SHARE SENSEX PACK, 19 STOCKS DECLINED AND REST OF THEM ROSE.

    COAL INDIA (DOWN 5.46%), HDFC (DOWN 3.23%) AND DR REDDY'S LABORATORIES (DOWN 4.35%) EDGED LOWER FROM THE SENSEX PACK. BANKS STOCKS DECLINED. ICICI BANK FELL 3.23%. HDFC BANK DECLINED 5.79%. METAL STOCKS WERE MOSTLY LOWER. HINDALCO INDUSTRIES (DOWN 7.65%), STERLITE INDUSTRIES (INDIA) (DOWN 4.31%) AND TATA STEEL (DOWN 6.27%) DECLINED. JINDAL STEEL & POWER ROSE 0.39%.IT STOCKS ROSE ON WEAK RUPEE. A WEAK RUPEE BOOSTS REVENUE OF IT FIRMS IN RUPEE TERMS AS THE SECTOR DERIVES A LION'S SHARE OF REVENUE FROM EXPORTS.

    .

    EXPERT OPINION

    NIFTY BANK NIFTY

    Nifty looks Bearish Bank Nifty looks Bearish

    Strategy: Sell on rise Strategy: Sell on rise

    Support:5660 Support: 12440

    Resistance: 5780 Resistance: 11640

    NIFTY WEEKLY PIVOTS

    PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

    NIFTY 6643 6336 6029 5874 5722 5567 5415 5108 4801

  • 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

    TCS 1501.85 655.35 1455.10 46.75 3.21

    JP Associate 72.25 35866.74 70.25 2.00 2.85

    Infosys 2913.80 1087.94 2840.55 73.25 2.58

    Bajaj Auto 2028.30 219.11 1993.65 34.65 1.74

    Wipro 421.70 2171.76 415.95 5.75 1.38

    WEEKLY NIFTY LOOSERS

    SCRIPS RATE VOL.

    (000)

    PR. CLOSE NET

    CHANGE

    % CHANGE

    Siemens 495.20 152.46 547.20 -52.00 -9.50

    Reliance Infra 433.25 1431.93 476.50 -43.25 -9.08

    DLF 259.35 13577.50 281.45 -22.10 -7.85

    Hindalco 98.95 8026.44 107.05 -8.10 -7.57

    PNB 788.65 396.94 853.05 -64.40 -7.55

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