Weekly-equity-report by EPIC RESEARCH 04 March 2013
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7/29/2019 Weekly-equity-report by EPIC RESEARCH 04 March 2013
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WEEKLYNEWS
Budget 2013: Mauritius shouldn't be prefe
route of investment: FM
Clarifying the government's stance on the Do
Taxation Avoidance Agreements (DTAA), the Fin
Minister P Chidambaram said that Mauritius should
be the preferred route of investment."Investment co
from over a 100 countries, so I don't think Mauritius
or should be the preferred route for investment. T
are other routes for investment but Mauritius does
a certain advantage to the investor today. If
advantage is enjoyed by genuine Mauritius reside
businessmen, then we have no complaint,"
elaborated
IOC hikes petrol price by Rs 1.40 per litre
Petrol price was today hiked by Rs 1.40 per litre
second big increase in rates in as many weeks. A ris
international oil prices and depreciation in
rupee have necessitated a Rs 1.40 per litre increas
price of petrol with effect from midnight tonight, sa
statement by Indian Oil Corporation
Hero MotoCorp reports 4% fall in Febru
sales
ountry's largest two-wheeler maker Hero Moto
today reported a decrease of 4.24 per centin its sale
5,01,271 units in February 2013. The company had
5,23,465 units in February 2012, Hero MotoCorp sa
a statement.Also read: Labour pangs for
Motocorp; 5 workers on hunger strikeHero MotoCorp
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WEEKLY EQUITY
NEWSLETTER4
THMARCH 2013
MARKET UPDATE:-
Nifty down by 151 pts
and settle at 5719.70
Bank Nifty down by 579pts at 11540.05
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7/29/2019 Weekly-equity-report by EPIC RESEARCH 04 March 2013
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NIFTY WEEKLY PIVOTS
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MARKETANALYSIS KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY,1MARCH 2013 AFTER THE
FINANCE MINISTERPCHIDAMBARAM ANNOUNCED HIKE IN SURCHARGE ON CORPORATE TAX FORDOMESTIC COMPANIES AND DIVIDEND DISTRIBUTION TAX IN BUDGET 2013-14.THE S&PBSESENSEXDROPPED BELOW THE PSYCHOLOGICAL 19,000 MARK DURING THE WEEK.INDIAN STOCKS FELL IN TWOOUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY,1MARCH 2013.THE BSEMID-CAP AND
THE BSESMALL-CAP INDICES WITNESSED MAJOR SELLING PRESSURE DURING THE WEEK IN THE WEEK ENDED FRIDAY,1MARCH 2013, THE 30-SHARE S&PBSESENSEX FELL 398.49 POINTS O
2.06% TO 18,918.52.THE 50-UNIT CNXNIFTY FELL 130.60 POINTS OR2.23% TO 5,719.70. THE S&PBSEMID-CAP INDEX DECLINED 4.36% AND THE S&PBSESMALL-CAP INDEX FELL 5.63%.
BOTH THESE INDICES UNDERPERFORMED THE SENSEX.FROM 30-SHARE SENSEX PACK,19 STOCKSDECLINED AND REST OF THEM ROSE.
COAL INDIA(DOWN 5.46%),HDFC(DOWN 3.23%) AND DRREDDY'S LABORATORIES (DOWN 4.35%)EDGED LOWER FROM THE SENSEX PACK.BANKS STOCKS DECLINED.ICICIBANK FELL 3.23%.HDFCBANK DECLINED 5.79%.METAL STOCKS WERE MOSTLY LOWER.HINDALCO INDUSTRIES (DOWN7.65%),STERLITE INDUSTRIES (INDIA)(DOWN 4.31%) AND TATASTEEL (DOWN 6.27%) DECLINED.JINDAL STEEL &POWER ROSE 0.39%.IT STOCKS ROSE ON WEAK RUPEE.AWEAK RUPEE BOOSTS REVEN
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
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NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
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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 2.85Infosys 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
Siemens495.20 152.46 547.20 -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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