Download - Weekly equity-report by epic research 8 april 2013

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Page 1: Weekly equity-report by epic research 8 april 2013

WEEKLY NEWS

India can grow by 6.5% this fiscal: Montek

India can grow by 6.5 percent in the current fiscal during

which big projects are likely to get clearances from CCI,

Planning Commission Deputy Chairman Montek Singh

Ahluwalia said today.Do you believe in one year (2013-

14) that it (growth rate can go up by 1.5 percentage

points, the short answer is absolutely yes," he said

addressing Hero Mindmine summit here. According to

the Central Statistical Organisation's (CSO) advance

estimates, Indian economy is projected to grow by 5

percent in 2012-13.The Budget has projected an

economic growth rate of 6.5 percent in 2013-14, 1.5

percentage point higher than the estimated growth in

the last financial year."This year should be better

primarily because on these implementation front, we

would see moves. There is no sign at the moment of

strong recovery but I think there is sign of bottoming up

(of decline in economy).

"CIL to continue 50% supply; NTPC says

generation to pick up

The Coal Ministry today assured that half of fuel supply

to NTPC would continue for the time being while the

power producer said generation will pick up

gradually.The development comes amidst feud between

Coal India and NTPC over quality of fuel being supplied.

The situation got aggravated after NTPC lowered

generation saying supply from CIL was of poor quality

and inadequate, stoking fears of power cuts ahead of

peak summer.

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WEEKLY EQUITY NEWSLETTER

8TH APRIL 2013

MARKET UPDATE:-

Nifty down by 130 pts

and settle at 5553.25

Bank Nifty down by 260 pts at 11098.95

Page 2: Weekly equity-report by epic research 8 april 2013

NIFTY WEEKLY PIVOTS

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MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY, 5 APRIL 2013 AFTER A PRIVATE

SURVEY SHOWED GROWTH IN THE SERVICES SECTOR HIT 17-MONTH LOW IN MARCH 2013. MARKET

DECLINED IN THREE OF FIVE TRADING SESSIONS IN THE WEEK. THE S&P BSE MID-CAP AND THE S&P

BSE SMALL-CAP INDICES OUTPERFORMED THE SENSEX DURING THE WEEK. IN THE WEEK ENDED FRIDAY, 5 APRIL 2013, THE 30-SHARE S&P BSE SENSEX FELL 385.54 POINTS OR

2.05% TO 18,450.23. THE 50-UNIT CNX NIFTY DECLINED 129.30 POINTS OR 2.27% TO 5,553.25. THE S&P BSE MID-CAP INDEX ROSE 0.04% AND THE S&P BSE SMALL-CAP INDEX ADVANCED 1.89%.

BOTH THESE INDICES OUTPERFORMED THE SENSEX. FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT SHARES WORTH RS 639.30 CRORE IN APRIL 2013 SO

FAR (TILL 4 APRIL 2013). FIIS HAD PURCHASED SHARES WORTH RS 9124.30 CRORE IN MARCH 2013. FIIS HAVE PURCHASED SHARES WORTH NET RS 56261.70 CRORE IN 2013 SO FAR (TILL 4 APRIL 2013). FIIS BOUGHT SHARES WORTH NET RS 128359.80 CRORE IN CALENDAR 2012.

FROM 30-SHARE SENSEX PACK, 21 STOCKS DECLINED AND REST OF THEM GAINED THE WEEK ENDED

FRIDAY, 5 APRIL 2013. METAL SHARES EDGED LOWER. TATA STEEL (DOWN 1.22%), HINDALCO INDUSTRIES (DOWN 1.86%), AND

JINDAL STEEL & POWER (DOWN 3.86%) DECLINED.

.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Bearish Bank Nifty looks Bearish

Strategy: Sell on rise Strategy: Sell on rise

Support:5500 Support: 11000

Resistance: 5600 Resistance: 11200

NIFTY WEEKLY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6273 6053 5833 5693 5613 5473 5393 5173 4953

Page 3: Weekly equity-report by epic research 8 april 2013

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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

Page 4: Weekly equity-report by epic research 8 april 2013

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GAINERS AND LOOSERS

WEEKLY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

Maruti Suzuki

1406.30 280.42 1283.80 122.50 9.54

Sun Pharma 859.35 264.82 812.65 46.70 5.75

Dr Reddys 1911.55 379.44 1825.90 85.65 4.69

ONGC 314.30 1487.10 308.85 5.45 1.76

Coal India 309.25 989.91 305.10 4.15 1.36

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

DLF 232.8 13591.99 253.2 -20.4 -8.06

Bharti Airtel 270.25 1452.02 293.65 -23.4 -7.97

NMDC 124.85 2095.18 135.15 -10.3 -7.62

HDFC 770.8 1514.57 825.2 -54.4 -6.59

Axis Bank 1229.55 981.34 1314.9 -85.35 -6.49

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