WEEKLY EQUITY REPORT BY EPIC RESEARCH- 15 OCTOBER 2012
Embed Size (px)
Transcript of WEEKLY EQUITY REPORT BY EPIC RESEARCH- 15 OCTOBER 2012
Reliance asks govt to end logjam on KGD6
Reliance Industries has asked the oil ministry to break
the logjam and approval for its KGD6 capex plans of
USD 1.6 bn for FY12 and FY13.According to sources
the government had verbally agreed to the capex plan
on August 7 but still has to given written approval. The
government wants to give approval once RIL agrees to
the CAG undertaking a finance and performance audit.
India Inc asks RBI to cut interest rate
Expressing disappointment over slow growth of the
industrial production, India Inc today asked the Reserve
Bank to cut interest rate at which the central bank lends
to banks to help boost investments."The IIP figures are
disappointing. What is of serious concern is the sharp
drop in electricity production even as the manufacturing
sector continues to stagnate due to faltering
investments," CII Director General Chandrajit
Banerjee said in a statement.
Domestic aviation sector may see recovery in
The struggling domestic aviation sector is likely to see a
recovery in the third quarter on the back of a stronger
domestic currency and temporary shutdown of
Kingfisher Airlines , among others, according to a
http://www.epicresearch.co 09752199966 09993959693
WEEKLY EQUITY NEWSLETTER
15TH OCTOBER 2012
Nifty down 75 pts at
Bank Nifty down 142 pts
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER, WITH THE MARKET SENTIMENT WAS HIT ADVERSELY AFTER
GLOBAL CREDIT RATING AGENCY STANDARD & POOR'S (S&P) ON WEDNESDAY, 10 OCTOBER 2012,
WARNED THAT INDIA STILL FACED A ONE-IN-THREE CHANCE OF A CREDIT RATING DOWNGRADE TO JUNK
STATUS WITHIN THE NEXT 24 MONTHS DESPITE A NEW DRIVE FOR ECONOMIC REFORM THAT WAS
LAUNCHED IN SEPTEMBER 2012. THE BAROMETER INDEX, BSE SENSEX, FELL 263.28 POINTS OR 1.39% TO 18,675.18 THE S&P CNX NIFTY DECLINED 70.90 POINTS OR 1.23% TO 5676.05. FROM 30 SHARE SENSEX PACK, 22 STOCKS FELL AND ONLY EIGHT OF THEM ROSE. IT MAJOR INFOSYS LOST 5.23% TO RS 2395.65. AMONG OTHER IT SHARES, WIPRO (DOWN 5.93%) AND
TCS (DOWN 0.43%), EDGED LOWER. INDIA'S SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT
HDFC BANK ROSE 1.36%.INDIA'S LARGEST BANK BY BRANCH NETWORK STATE BANK OF INDIA (SBI)
DECLINED 3.79%.TATA STEEL ROSE 2.49%.INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SHED
4.49%.INDEX HEAVYWEIGHT AND CIGARETTE MAKER ITC ROSE 2.65% TO RS 283. AUTO STOCKS FELL
ACROSS THE BOARD. MAHINDRA & MAHINDRA (M&M) SHED 1.58%.INDIA'S LARGEST COMMERCIAL
VEHICLE MAKER BY SALES TATA MOTORS FELL 3.5%.
NIFTY BANK NIFTY
Nifty looks Consolidate Bank Nifty looks Consolidate
Strategy: Sell on Rise Strategy: Sell on Rise
Support: 5570 Support: 11190
Resistance: 5740 Resistance:11590
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6032 5917 5802 5739 5687 5642 5572 5457 5342
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
Sun Pharma 713.25 1509.58 682.55 30.7 4.5
JP Associate 92.65 23142.53 88.7 3.95 4.45
Ultratech C 2044.7 344.64 1971.1 73.6 3.73
ITC 283.5 8159.73 275.65 7.85 2.85
ACC 1498.05 355.68 1457.65 40.4 2.77
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
DLF 218.75 9274 241.9 -23.15 -9.57
Siemens 686.75 379.65 744.35 -57.6 -7.74
BHEL 245.4 10830.24 263.9 -18.5 -7.01
Wipro 352.05 1934.96 373.25 -21.2 -5.68
Hindalco 118.05 10894.78 125 -6.95 -5.56
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved. Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.