Weekly equity-report by epic research 10 dec 2012
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Transcript of Weekly equity-report by epic research 10 dec 2012
Infosys may lower FY13 dollar guidance
Infosys has sounded the warning bell. The IT bellwether
has prompted fears that it could revise its guidance
lower. Its top management has told analysts that it
expects challenges in meeting its whole year dollar
revenue guidance. The company has already revised it
guidance once during the year to five percent. Now
there are fears that it might revise it below 5 percent.
CARE IPO gets 4% subscription on first day
Rating agency CARE's initial public offer (IPO) received
4 per cent subscription on the first day of the public
issue today. The IPO attracted bids for 2.56 lakh shares
against 71.99 lakh shares on offer by 1700 hrs, as per
data available with the National Stock Exchange.
EGoM decides to cut base reserve price by 30%
in 4 circles
After the 2G auction turned out to be a failure, the
government has decided to cut spectrum reserve price
by 30% in four circles. The Empowered group of
Ministers (EGoM) met today as Telecom Minister Kapil
Sibal laid out the auction roadmap. He said that the
ministry will conduct fresh auctions in four circles for
1800 mhz band. These include Mumbai, Delhi,
Karnataka and Rajasthan. Sibal also informed that three
circles (Mumbai, Kolkata and Delhi) will see auction for
900 mhz band.
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WEEKLY EQUITY NEWSLETTER 10TH DECEMBER 2012
Nifty up by 29 pts and
settle at 5907.85
Bank Nifty up by 237 pts at 12363.70
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES EDGED HIGHER AFTER THE UPA GOVERNMENT WON THE VOTE ON FOREIGN
DIRECT INVESTMENT (FDI) IN MULTI-BRAND RETAIL IN BOTH THE HOUSES OF PARLIAMENT. THE MARKET
GAINED IN 3 OUT OF 5 TRADING SESSIONS IN THE WEEK JUST GONE BY. DATA SHOWING THAT FOREIGN
INSTITUTIONAL INVESTORS (FIIS) REMAINED NET BUYERS OF INDIAN STOCKS BOOSTED SENTIMENT. THE BSE SENSEX ROSE 84.20 POINTS OR 0.44% TO 19424.10 THE 50-UNIT S&P CNX NIFTY GAINED 27.55 POINTS OR 0.46% TO 5907.40 FROM THE 30-SHARE SENSEX PACK, 17 STOCKS ROSE AND REST OF THEM FELL. BANK STOCKS WERE MOSTLY HIGHER. ICICI BANK HIT 52-WEEK HIGH OF RS 1,144 IN INTRADAY TRADE
FRIDAY, 7 DECEMBER 2012. ICICI BANK CLARIFIED ON 30 NOVEMBER 2012 THAT THE BANK IS
CURRENTLY NOT CONSIDERING MERGER OR ACQUISITION OF ANY BANK. SMALL CAR MAKER MARUTI
SUZUKI INDIA STRUCK A 52-WEEK HIGH OF RS 1,537 IN INTRADAY TRADE FRIDAY, 7 DECEMBER 2012.
THE CAR MAJOR WILL REPORTEDLY RAISE PRICES OF CARS BY UP TO RS 20,000 FROM JANUARY 2013 TO
COUNTER CURRENCY FLUCTUATIONS. JAPAN ACCOUNTS FOR UP TO A FOURTH OF PARTS SOURCED BY
MARUTI FROM OVERSEAS. TATA MOTORS EDGED HIGHER. THE COMPANY EARLY THIS MONTH SAID ITS
TOTAL SALES (INCLUDING EXPORTS) OF TATA COMMERCIAL AND PASSENGER VEHICLES IN NOVEMBER
2012 STOOD AT 66,500 VEHICLES.
NIFTY BANK NIFTY
Nifty looks Consolidate Bank Nifty looks Consolidate
Strategy: Sell on rise Strategy: Sell on rise
Support:5820 Support: 12160
Resistance: 5980 Resistance: 12560
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6231 6120 6009 5958 5898 5847 5787 5676 5565
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
Maruti 1509.95 1272.13 1482.55 27.40 1.85
M & M 939.20 1317.30 928.85 10.35 1.11
Tata Power 109.80 3767.00 108.75 1.05 0.97
Bank Of Baroda
798.20 608.87 791.30 6.90 0.87
Hindalco 123.80 6208.97 122.90 0.90 0.73
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
HCL Tech. 614.05 10377.78 656.50 -42.45 -6.47
Infosys 2321.15 881.34 2436.85 -115.70 -4.75
Bharti Airtel 322.45 9948.24 337.00 -14.55 -4.32
TCS 1264.15 1789.65 1314.00 -49.85 -3.79 Grasim 3248.25 71.40 3360.40 -112.15 -3.34
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