WEEKLY NEWS

FinMin cuts tax on foreign borrowings, clears

RGESS

Continuing the slew of reforms initiated by the UPA

government, Finance Minister P Chidambaram today

cut the withholding tax on overseas borrowings to 5 per

cent from 20 per cent and approved the Rajiv Gandhi

Equity Scheme to attract more investment and supress

demand for gold.

RBI notifies government's decision on FDI

The Reserve Bank today notified the government's

decision to allow FDI in multi-brand retail, civil aviation,

broadcasting and power exchanges.Yesterday, the

Department of Industrial Policy and Promotion (DIPP) in

a notification had said, "51 per cent FDI in multi-brand

retailing, in all products, will be permitted.

Confidence in reforms driving Indian stocks

Indian stock investors head to a new week on a roll after

a slew of big ticket reforms has sent indexes to their

highest since July 2011.India is set to announce

additional measures, with investors hoping most for a

hike in foreign direct investment limits in the insurance

sector, reforms in the goods and services tax, and a

debt restructuring for state electricity boards.

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WEEKLY EQUITY NEWSLETTER 24TH SEPTEMBER 2012

MARKET UPDATE:-

Nifty up 113.50 pts at

5691.20

Bank Nifty up 716 pts at

11358.50

NIFTY WEEKLY PIVOTS

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MARKET ANALYSIS THE MARKET LOGGED GAINS FOR THIRD STRAIGHT WEEK ON A SLEW OF ECONOMIC REFORMS ANNOUNCED

BY THE GOVERNMENT RECENTLY. THE BAROMETER INDEX, BSE SENSEX, REACHED ITS HIGHEST CLOSING

LEVEL IN NEARLY 14 MONTHS. THE S&P CNX NIFTY ATTAINED ITS HIGHEST CLOSING LEVEL IN ALMOST

14-1/2 MONTHS. THE BSE SENSEX GAINED 288.56 POINTS OR 1.56% TO 18,752.83 IN THE WEEK ENDED 21 SEPTEMBER

2012, ITS HIGHEST CLOSING LEVEL SINCE 25 JULY 2011. THE 50-UNIT S&P CNX NIFTY SURGED 113.50 POINTS OR 2.03% TO SETTLE AT 5,691.15, ITS HIGHEST

CLOSING LEVEL SINCE 7 JULY 2011.

KEY BENCHMARK INDICES EDGED LOWER ON TUESDAY, 18 SEPTEMBER 2012, AS EURO ZONE DEBT

WORRIES RESURFACED FOLLOWING FURTHER RISE IN SPANISH GOVERNMENT BOND YIELDS ON MONDAY,

17 SEPTEMBER 2012. THE BSE SENSEX LOST 46.30 POINTS OR 0.25% TO 18,496.01. THE MARKET

EDGED LOWER FOR THE SECOND STRAIGHT DAY ON THURSDAY, 20 SEPTEMBER 2012

.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Upwards Bank Nifty looks Upwards

Strategy: Buy on Dips Strategy: Buy on dips

Support: 5570 Support: 11000

Resistance: 5830 Resistance:11700

NIFTY WEELY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6206 6020 5834 5762 5648 5576 5462 5276 5090

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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

PNB 837.25 1070.81 709.05 128.20 18.08

Reliance Infra

544.05 1890.83 471.05 73.00 15.50

Bank Of Baroda

780.30 1434.20 680.80 99.50 14.62

Jindal Steel 426.90 8390.12 373.20 53.70 14.39

BHEL 232.40 5053.10 204.80 27.60 13.48

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

TCS 1304.05 1407.42 1413.10 -109.05 -7.72

Dr Reddys Lab 1643.70 467.25 1747.50 -103.80 -5.94

Wipro 378.00 2101.15 391.55 -13.55 -3.46

HUL 529.70 3526.28 548.05 -18.35 -3.35

Coal India 372.60 2034.57 383.20 -10.60 -2.77

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