WEEKLY NEWS

UPA unleashes big-ticket economic reforms:

India Inc cheers FDI in retail, aviation and power

exchanges

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

impact

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-

brand retail.

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WEEKLY EQUITY NEWSLETTER 17TH SEPTEMBER 2012

MARKET UPDATE:-

Nifty up 218.95 pts at

5575.65

Bank Nifty up 513 pts at

10642.90

NIFTY WEEKLY PIVOTS

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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%.

.

EXPERT OPINION

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

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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

.

GAINERS AND LOOSERS

WEEKLY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

Hindalco 118.35 4982.32 105.15 13.20 12.55

Tata Motors

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

CHANGE

% CHANGE

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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