Download - weekly-equity-report BY EPIC RESEARCH 4 MARCH 2013

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Page 1: 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

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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

Page 2: weekly-equity-report BY EPIC RESEARCH 4 MARCH 2013

NIFTY WEEKLY PIVOTS

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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

Page 3: weekly-equity-report BY EPIC RESEARCH 4 MARCH 2013

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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

Page 4: weekly-equity-report BY EPIC RESEARCH 4 MARCH 2013

.

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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