Weekly equity-report by epic research 22 april 2013
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Indian economy to grow at 6.4% rate in 2013:
Indian economy is likely togrow at 6.4 per cent rate in
2013, outpacing the 6 per centexpansion in developing
Asia-Pacific economies in the sameperiod, a United
Nations report today said. "India is expected to recover
from its relatively low5 per cent growth in 2012 to 6.4
per cent in 2013...Economicgrowth in the developing
countries of Asia and the Pacific isprojected to inch up
to 6 per cent in 2013," United Nations' Economic and
Social Survey of Asia and the Pacific 2013 said.
FY13 exports down to $300bn, trade deficit
widens to $191bn
In the FY14 annual supplement of Foreign Trade Policy
2009-2014 announced today, commerce minister Anand
Sharma said trade deficit had widened to USD 190.91
billion in the fiscal year 2013 versus 183.4 billion in the
previous year. Exports for the year fell to 1.76 percent to
USD 300.6 billion. However, Sharma stressed that
exports will play the lead role in stabilizing India’s
current account deficit. The April-February trade deficit
figure stands at USD 182 billion. Exports in March stood
at USD 30.8 billion compared to USD 28.8 billion in the
same month of previous year. Imports dipped by 2.87
per cent to USD 41.16 billion in March, leaving a trade
deficit of USD 10.31 billion from USD 13.5 billion in
March last year.
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WEEKLY EQUITY NEWSLETTER
22ND APRIL 2013
Nifty up by 255 pts and
settle at 5783.10
Bank Nifty up by 878 pts at 12288.25
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES JUMPED AS STEEP DROP IN GOLD AND OIL PRICES EASED CONCERNS OF HIGH
CURRENT ACCOUNT AND FISCAL DEFICIT AND DATA SHOWING EASING OF WHOLESALE PRICE INDEX
TRIGGERED EXPECTATIONS OF AN INTEREST-RATE CUT BY THE RESERVE BANK OF INDIA (RBI). INTEREST
RATE SENSITIVE AUTO, REALTY AND BANKING STOCKS LED THE RALLY. THE S&P BSE SENSEX HIT ITS
HIGHEST LEVEL IN OVER 2 WEEKS ABOVE THE PSYCHOLOGICAL 19,000 MARK. THE CNX NIFTY HIT ITS
HIGHEST LEVEL IN OVER 4 WEEKS. THE MARKET GAINED IN THREE OUT OF FOUR TRADING SESSIONS IN
THE WEEK JUST GONE BY. THE S&P BSE SENSEX JUMPED 773.90 POINTS OR 4.24% TO 19,016.46, ITS HIGHEST CLOSING LEVEL
SINCE 2 APRIL 2013. THE CNX NIFTY SURGED 254.55 POINTS OR 4.6% TO 5,783.10, ITS HIGHEST
CLOSING LEVEL SINCE 18 MARCH 2013. FROM THE 30-SHARE SENSEX PACK, 24 STOCKS GAINED, 5 STOCKS FELL AND ONE STOCK WAS
UNCHANGED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) GAINED 0.84%. RIL'S NET PROFIT JUMPED 31.9% TO
RS 5589 CRORE ON 1.4% FALL IN TURNOVER TO RS 86618 CRORE IN Q4 MARCH 2013 OVER Q4 MARCH
2012. ON SEQUENTIAL BASIS, RIL'S NET PROFIT ROSE 1.58% TO RS 5589 CRORE ON 10.06% DECLINE IN
TURNOVER TO RS 86618 CRORE IN Q4 MARCH 2013 OVER Q3 DECEMBER 2012. THE COMPANY
ANNOUNCED Q4 MARCH 2013 RESULTS AFTER TRADING HOURS ON TUESDAY, 16 APRIL 2013.
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support: 5700 Support: 12200
Resistance: 5850 Resistance: 12380
NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6559 6265 5971 5854 5677 5560 5383 5089 4795
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
JP Associate 76.10 13495.36 64.05 12.05 18.81
Axis Bank 1429.40 1498.10 1203.20 226.20 18.80
SBI 2299.65 1825.29 1988.25 311.40 15.66
450.35 1325.95 390.25 60.10 15.40
IDFC 161.25 7114.34 141.80 19.45 13.72
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
Infosys 2295.7 1355.08 2766.35 -470.65 -17.01
TCS 1452.75 836.18 1497.4 -44.65 -2.98
Coal India 299.6 1790.73 306.5 -6.9 -2.25
Tata Steel 299.8 3865.13 304.4 -4.6 -1.51
HCL Tech. 736.25 1126.89 740.5 -4.25 -0.57
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