Weekly-equity-report by EPIC RESEARCH 11.02.13

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  • 7/29/2019 Weekly-equity-report by EPIC RESEARCH 11.02.13

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    WEEKLYNEWS

    Fragile economy may reduce risk appetite

    funds: Hindalco

    Hindalco Industries' December quarter net profit f

    percent to Rs 434 crore, year-on-year on higher fina

    cost . The company's finance cost rose to Rs 169 c

    from Rs 79 crore, YoY on account of greater ave

    borrowings. D Bhattacharya, MD Hindalco spok

    CNBC-TV18 regarding the result, market expectat

    strategies and the challenges ahead.

    GIC of Singapore picks up NTPC shares w

    Rs 1,000 cr

    Sovereign wealth fund GIC of Singapore has cornshares worth Rs 1,000 crore in NTPC divestme

    which foreign funds bought almost 45 per cent of sh

    put on sale."Foreign institutional investors have b

    allocated 44.92 per cent of shares, while banks

    insurance companies got allotment of 11.05 per

    and 24.87 per cent, respectively," an official so

    said.

    Sun Pharma, Taro terminates merger deal

    Taro Pharmaceutical and Sun Pharma have mut

    agreed to terminate their merger agreement, announ

    in August 2012, reports CNBC-TV18's Arch

    Shukla.Both the companies have agreed that they

    mutually terminate the merger agreement. Dispute

    valuing the 33.3 percent stake remaining in Taro

    minority shareholders has been the reason fo

    termination of this agreement.

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    WEEKLY EQUITY

    NEWSLETTER11

    THFEBRUARY 2013

    MARKET UPDATE:-

    Nifty down by 120 pts

    and settle at 5903.50

    Bank Nifty down by 376pts at 12280.00

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    NIFTY WEEKLY PIVOTS

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    MARKETANALYSIS KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY,8FEBRUARY2013 ON

    MACROECONOMIC WORRIES AFTER THE CENTRAL STATISTICS OFFICE (CSO) PROJECTED INDIA'S GDPGROWTH AT 5% FOR2012-13, THE LOWEST IN A DECADE, AND SIGNIFICANTLY LOWER THAN THE GROWRATE OF 6.2% IN 2011-12.CONCERNS THAT PSU DISINVESTMENT AND REDUCTION OF PROMOTER STAKTO MEET THE SECURITIES &EXCHANGE BOARD OF INDIA(SEBI) MANDATED MINIMUM PUBLIC

    SHAREHOLDING OF 25% FOR PRIVATE COMPANIES AND 10% FOR STATE-RUN FIRMS WILL RESULT INSUPPLY OF EQUITY IN THE MARKET OVER THE NEXT FEW MONTHS ALSO WEIGHED ON THE SENTIMENT .

    BSESENSEX DECLINED 296.42 POINTS OR1.5% TO 19,484.77 THE 50-UNIT S&PCNXNIFTY FELL 95.40 POINTS OR1.59% TO 5,903.50 IN THE WEEK. FROM THE 30-SHARE SENSEX PACK,23 STOCKS DECLINED . TCS ADVANCED 5.71%.TCS ON 22JANUARY2013 SAID ITS FLAGSHIP PRODUCT TCSBANCS HAS GON

    LIVE IN THE UNITED STATES AT BNPPARIBAS FOR ITS CUSTODY OPERATIONS.M&M FELL 0.36%.THECOMBINED NET PROFIT OF MAHINDRA&MAHINDRA(M&M) AND ITS 100% SUBSIDIARY--MAHINDRAVEHICLE MANUFACTURERS (MVML)-- JUMPED 29.6% TO RS 915 CRORE ON 27.5% GROWTH IN GROSREVENUE PLUS OTHER INCOME TO RS 11522.30 CRORE IN Q3DECEMBER2012 OVERQ2DECEMBER2011.BHARAT HEAVYELECTRICALS (BHEL) DROPPED 7.48%.BHEL REPORTED 17.5% FALL IN NET

    PROFIT TO RS 1181.85 CRORE ON 3.2%.

    EXPERT OPINION

    NIFTY BANK NIFTY

    Nifty looks Bearish Bank Nifty looks Bearish

    Strategy: Sell on rise Strategy: Sell on rise

    Support:5850 Support: 12160

    Resistance: 5950 Resistance: 12500

    NIFTY WEEKLY PIVOTS

    PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

    NIFTY 6406 6251 6096 5999 5941 5844 5786 5631 5476

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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 1422.60 3486.81 1387.15 35.45 2.56

    Wipro 412.40 1064.71 405.70 6.70 1.65BHEL 208.75 3394.24 206.00 2.75 1.33

    HDFC Bank 650.05 4706.66 641.50 8.55 1.33

    L & T 1511.10 894.21 1496.40 14.70 0.98

    WEEKLY NIFTY LOOSERS

    SCRIPS RATE VOL.

    (000)

    PR. CLOSE NET

    CHANGE

    % CHANGE

    Ambuja189.55 6564.25 199.95 -10.40

    -5.20

    Cipla 380.65 4826.51 394.10 -13.45 -3.41

    Hindalco 109.70 15775.97 113.35 -3.65 -3.22

    ACC 1303.75 651.48 1344.30 -40.55 -3.02

    Sesa Goa 169.85 1613.89 174.40 -4.55 -2.61

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