Weekly equity-report by epic research 18 march 2013
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Transcript of Weekly equity-report by epic research 18 march 2013
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WEEKLY NEWS
SEBI asks SC to allow arrest of Sahara chief
Subrata Roy
Securities and Exchange Board of India (SEBI) today
appealed to Supreme Court for detention of Sahara
Group chairman Subrata Roy after two companies of
the group failed to comply with apex court's order to
refund Rs 24,000 crore to its investors. CNBC-TV18's
Payaswini Upadhyay reports. SEBI has also asked the
Supreme Court to detain passport of Roy and other
Sahara group director
India to have 225 billionaires by 2022, says
report
India, which is at the fifth spot in global ranking with 122
dollar-billionaires in 2012, is likely to see a whopping 84
percent growth in this number with 225 billionaires by
2022, real estate consultancy Knight Frank has said in a
report.Asia's third-largest economy, with 122 dollar-
billionaires last year, is expected to see an 84 percent
rise in this number to 225 by 2022, according to the
firm's `Wealth Report 2013' released here today
Wipro's promoter entity sells shares worth Rs
3,269 cr
A promoter entity of Wipro Ltd today offloaded over
seven crore shares of the IT company to two other
promoters in transactions worth Rs 3269.57 crore.As
per the block deal data available with the stock
exchanges, Hasham Traders sold 7.43 crore shares of
Azim Premji-led Wipro, which were purchased by two
other promoter entities - Prazim Traders and Zash
Traders.
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WEEKLY EQUITY NEWSLETTER
18TH MARCH 2013
MARKET UPDATE:-
Nifty down by 74 pts and
settle at 5872.60
Bank Nifty down by 405 pts at 11816.55
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NIFTY WEEKLY PIVOTS
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MARKET ANALYSIS THE MARKET DECLINED LAST WEEK ON FEARS THAT THE RESERVE BANK OF INDIA (RBI) MAY NOT CUT
INTEREST RATES AT ITS MID-QUARTER REVIEW OF MONETARY POLICY 2012-13 ON 19 MARCH 2013, AMID RISING RETAIL INFLATION. WEAKNESS IN GLOBAL MARKETS ALSO DENTED SENTIMENTS. MARKET FELL IN FOUR OUT OF FIVE TRADING SESSIONS.
IN THE WEEK ENDED FRIDAY, 15 MARCH 2013, THE BSE SENSEX FELL 255.67 POINTS OR 1.30% TO 19,427.56.
THE 50-UNIT CNX NIFTY FELL 73.10 POINTS OR 1.23% TO 5,872.60, ITS LOWEST CLOSING LEVEL SINCE 13 MARCH 2013.
AMONG THE 30 SENSEX SHARES, 21 DECLINED AND THE REMAINING ROSE. MOTORCYCLE MAKER BAJAJ AUTO WAS THE TOP LOSER IN THE SENSEX PACK LAST WEEK. THE STOCK FELL
7.95% TO RS 1852.50. THE COMPANY ON 4 MARCH 2013 SAID ITS TOTAL SALES FELL 3% TO 3.32 LAKH UNITS IN FEBRUARY 2013 OVER FEBRUARY 2012. MOTORCYCLES SALES FELL 4% TO 2.91 LAKH UNITS FEBRUARY 2013 OVER FEBRUARY 2012. SALES OF THREE WHEELERS DECLINED 2% TO 41,090 UNITS IN FEBRUARY 2013 OVER FEBRUARY 2012.
HERO MOTOCORP FELL 3.55% TO RS 1,681. THE COMPANY ON 1 MARCH 2013 SAID TOTAL SALES DECLINED 4.23% TO 5.01 LAKH UNITS IN FEBRUARY 2013 OVER FEBRUARY 2012.
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EXPERT OPINION
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support:5820 Support: 11750
Resistance: 5920 Resistance: 11900
NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6418 6238 6050 5965 5878 5785 5698 5518 5338
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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
Ranbaxy Labs.
438.75 533.05 403.05 35.70 8.86
Siemens 574.10 217.34 533.10 41.00 7.69
Asian Paints 5007.30 60.82 4666.60 340.70 7.30
HUL 458.60 3710.97 437.80 20.80 4.75
Tata Power 101.70 840.77 98.80 2.90 2.94
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR. CLOSE NET
CHANGE
% CHANGE
Bajaj Auto 1850.30 529.10 2013.45 -163.15 -8.10
ICICI Bank 1067.50 2870.18 1139.30 -71.80 -6.30
Hindalco 95.60 8498.92 101.30 -5.70 -5.63
GAIL India 323.30 1318.27 341.60 -18.30 -5.36
Axis Bank 1339.85 1180.69 1407.00 -67.15 -4.77
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