WEEKLY NEWS
CCI may take up 12 coal mining projects on Feb
20 meeting
The Cabinet Committee on Investment (CCI) may take
up the issue of clearances to 12 coal mining projects,
involving Rs 1,347 crore investment, in its meeting on
February 20.The meeting will also discuss measures to
expedite three critical rail projects, according to a
source. "Suitable decisions of CCI are sought for fast-
tracking the clearances for these 12 coal mining
projects," the source said.
India's services exports in Dec at $12.88 bn:
RBI
India's services-exports in December 2012 stood at
USD 12.88 billion, up 7.1 percent from a month ago,
Reserve Bank data showed on Friday. The total exports
from services in November 2012 was at USD 12.03
billion, as per RBI data.Imports of services also moved
up to USD 6.76 billion in December from USD 6.62
billion in the previous month. The services sector
contributes about 55 per cent to the country's gross
domestic product.
India's 2013/14 Budget to be most austere in
years
Finance Minister P Chidambaram is planning to cut the
public spending target for fiscal 2013/14 by up to 10
percent from this year's original target, in what would be
the most austere Budget unveiled in recent history as he
tries to avert a sovereign credit downgrade.
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WEEKLY EQUITY NEWSLETTER 18TH FEBRUARY 2013
MARKET UPDATE:-
Nifty down by 33 pts
and settle at 5887.40
Bank Nifty up by 37 pts at 12336.00
NIFTY WEEKLY PIVOTS
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MARKET ANALYSIS SHRUGGING OFF POSITIVE CUES FROM EASING INFLATION NUMBERS, THE MARKET DECLINED FOR THE
THIRD CONSECUTIVE WEEK. THE 50-UNIT CNX NIFTY FELL TO OVER 7-WEEK CLOSING LOW. THE BSE
MID-CAP AND THE BSE SMALL-CAP INDICES WITNESSED MAJOR SELLING PRESSURE DURING THE WEEK. THE MARKET FELL IN THREE OUT OF FIVE TRADING SESSIONS IN THE WEEK GONE BY. INVESTOR
SENTIMENT WEAKENED ON FRIDAY, 15 FEBRUARY 2013, AFTER GLOBAL CREDIT RATING AGENCY MOODY'S
INVESTOR SERVICE WARNED THAT INDIA'S EXPANDING CURRENT ACCOUNT DEFICIT AND EXTERNAL DEBT
WILL MAKE THE COUNTRY MORE VULNERABLE TO INTERNATIONAL FINANCIAL VOLATILITY AND HAVE
NEGATIVE IMPLICATIONS FOR ITS SOVEREIGN CREDIT PROFILE. BSE SENSEX FELL 16.62 POINTS OR 0.09% TO 19,468.15, ITS LOWEST CLOSING LEVEL SINCE 11
FEBRUARY 2013. THE 50-UNIT CNX NIFTY FELL 16.10 POINTS OR 0.27% TO 5887.40, ITS LOWEST CLOSING LEVEL SINCE
27 DECEMBER 2012 AMONG THE 30 SENSEX SHARES, 17 FELL AND 12 STOCKS ROSE. ONE STOCK WAS FLAT. INDIA'S LARGEST CAR MAKER BY SALES MARUTI SUZUKI INDIA WAS THE BIGGEST SENSEX LOSER LAST
WEEK. IT SHED 7.28% TO RS 1,472.75. INDIA'S SECOND LARGEST MOTORCYCLE MAKER BY SALES BAJAJ
AUTO DECLINED 3.42% TO RS 1,974. THE COMPANY'S TOTAL SALES ROSE 3% TO 3.47 LAKH UNITS IN
JANUARY 2013 OVER JANUARY 2012.
.
EXPERT OPINION
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support:5850 Support: 12260
Resistance: 5930 Resistance: 12390
NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6251 6135 6019 5953 5903 5837 5787 5671 5555
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NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
.
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
CLOSE
NET
CHANGE
% CHANGE
Tata Motors
304.45 9896.17 285.40 19.05 6.67
Sun Pharma 786.20 1665.14 746.10 40.10 5.37
HDFC Bank 676.75 4706.66 650.05 26.70 4.11
HCL Tech. 697.00 1552.18 670.20 26.80 4.00
Coal India 349.85 2935.77 338.75 11.10 3.28
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR. CLOSE NET
CHANGE
% CHANGE
Siemens 567.70 94.75 615.55 -47.85 -7.77
DLF 248.70 5180.00 268.80 -20.10 -7.48
Maruti Suzuki 1475.05 659.41 1587.70 -112.65 -7.10
Jindal Steel 386.20 1065.88 414.25 -28.05 -6.77
BPCL 379.50 739.02 401.40 -21.90 -5.46
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