WEEKLY EQUITY REPORT BY EPIC RESEARCH-17 SEPTEMBER 2012
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UPA unleashes big-ticket economic reforms:
India Inc cheers FDI in retail, aviation and power
A day after it signalled its willingness to take hard steps
by raising diesel prices by 12%, the cabinet braved
possible objections from allies and the Opposition by
unleashing a wave of big-ticket economic reforms, most
notably reviving an earlier decision allowing foreign
supermarkets to open shop in India with majority
ownership, in a bid to revive faltering economic growth
and shed an image of lethargy and haplessness.
Diesel price hike: Carmakers like Maruti Suzuki,
M&M & GM India hopeful festival sales will blunt
A 5 increase in diesel prices may have provided another
telling blow on an already slowing down Indian
passenger vehicle space, but industry players are still
hopeful that the upcoming festive season will help
soften that knock.
Bharti and Future Group may take lead in luring
FDI in retail
Big retailers Future Group and Bharti Enterprises are
already looking to attract foreign investment after the
government on Friday allowed up to 51% FDI in multi-
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WEEKLY EQUITY NEWSLETTER 17TH SEPTEMBER 2012
Nifty up 218.95 pts at
Bank Nifty up 513 pts at
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS THE MARKET GAINED FOR THE SECOND STRAIGHT WEEK AS DIESEL PRICE HIKE BY THE INDIAN
GOVERNMENT TO HELP IMPROVE COUNTRY'S DETERIORATING FISCAL POSITION, US FEDERAL RESERVE'S
QE3 PROGRAM AND GERMANY'S FEDERAL CONSTITUTIONAL COURT REJECTING CALLS TO BLOCK THE
EURO RESCUE FUND INCREASED INVESTORS' APPETITE FOR RISKIER ASSETS. THE BSE SENSEX JUMPED 714.62 POINTS OR 4.02% TO 18,464.27, ITS HIGHEST CLOSING LEVEL SINCE
26 JULY 2011. THE 50-UNIT S&P CNX NIFTY SURGED 218.95 POINTS OR 4.08% TO SETTLE AT 5,577.65, ITS HIGHEST
CLOSING LEVEL SINCE 21 FEBRUARY 2012. THE MARKET GAINED IN ALL FIVE TRADING SESSIONS IN THE WEEK JUST GONE BY. FROM THE 30-SHARE
SENSEX PACK, 28 STOCKS ROSE AND ONLY TWO OF THEM FELL. CIPLA TUMBLED 5.54% AND WAS THE TOP
LOSER FROM THE SENSEX PACK. INDEX HEAVYWEIGHT AND CIGARETTE MAKER, ITC GAINED 1.78% TO RS
268.10. FMCG MAJOR, HINDUSTAN UNILEVER (HUL) ROSE 1.37% TO RS 547.40. INDEX HEAVYWEIGHT
RELIANCE INDUSTRIES (RIL) JUMPED 5.72%.ICICI BANK SURGED 6.95%.HDFC BANK GAINED
3.5%.INDIA'S LARGEST BANK BY BRANCH NETWORK SBI ROSE 3.96%.
NIFTY BANK NIFTY
Nifty looks Upwards Bank Nifty looks Upwards
Strategy: Buy on Dips Strategy: Buy on dips
Support: 5240 Support: 9780
Resistance: 5750 Resistance:11095
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6260 6006 5752 5664 5498 5410 5244 4990 4736
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
Hindalco 118.35 4982.32 105.15 13.20 12.55
270.30 13269.04 243.30 27.00 11.10
IDFC 138.95 8581.81 127.25 11.70 9.19
Tata Steel 405.00 7130.70 370.90 34.10 9.19
L & T 1490.00 1715.81 1368.20 121.80 8.90
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL. (000) PR. CLOSE NET
Cipla 369.30 2121.09 381.30 -12.00 -3.15
NTPC 168.30 1851.78 172.25 -3.95 -2.29
Power Grid 120.00 726.99 121.90 -1.90 -1.56
Ranbaxy Labs. 540.95 1222.67 546.95 -6.00 -1.10
Siemens 672.55 76.01 678.95 -6.40 -0.94
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