weekly-equity-report BY EPIC RESEARCH 25 FEB 2013
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RBI issues guidelines for new banking licence
The much-awaited norms for new banking licence are
finally out. The Reserve Bank of India (RBI) on Friday
issued the final guidelines for licensing of new private
sector banks wherein entities both from private and
public sector shall be eligible to set up a bank through a
wholly-owned non-operative financial holding company
(NOFHC).The NOFHC shall be wholly owned by the
promoter / promoter group. The NOFHC shall hold the
bank as well as all the other financial services entities of
Auto exports to Europe set to get more
Under the GSP scheme, exports from emerging
economies were levied lower duties as compared to
exports from developed economies. For instance, auto
exports from emerging economies to European Union
attracted a duty of 6.5 percent as compared to 10
percent from some of the other economie
Tata Comm to raise Rs 1000cr via asset sale
Tata Communications joins the bandwagon of top
corporates who are looking to raise funds through asset
sale. The company wants to raise Rs 1000 crore via the
sale of five properties. The company has hired two
consulting firms in Mumbai. Three of these land parcels
are located in Mumbai and are very much city centric
based in BKC, Chembur and Andheri.
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WEEKLY EQUITY NEWSLETTER 25TH FEBRUARY 2013
Nifty down by 38 pts
and settle at 5850.30
Bank Nifty down by 285 pts at 12068.95
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER AS MINUTES FROM THE US FEDERAL RESERVE RELEASED ON
WEDNESDAY, 20 FEBRUARY 2013, STOKED CONCERNS THAT POLICY MAKERS COULD PULL BACK ON THEIR
MASSIVE QUANTITATIVE-EASING PROGRAM AS THE US CENTRAL BANK SAID THAT IT WOULD REVIEW THE
PROGRAM IN MARCH 2013. INDIAN STOCKS ROSE IN THREE OUT OF FIVE TRADING SESSIONS IN THE WEEK
ENDED FRIDAY, 22 FEBRUARY 2013. THE 30-SHARE S&P BSE SENSEX FELL 151.14 POINTS OR 0.78% TO 19317.01, ITS LOWEST CLOSING
LEVEL SINCE 24 DECEMBER 2012. THE 50-UNIT CNX NIFTY FELL 37.10 POINTS OR 0.63% TO 5,850.30, ITS LOWEST CLOSING LEVEL SINCE
21 DECEMBER 2012. FROM 30-SHARE SENSEX PACK, 19 STOCKS DECLINED AND REST OF THEM ROSE. SUN PHARMACEUTICAL INDUSTRIES GAINED 3.21% TO RS 811.30. THE STOCK STRUCK A RECORD HIGH OF
RS 814.20 IN INTRADAY TRADE FRIDAY, 22 FEBRUARY 2012.AMONG OTHER PHARMA STOCKS, CIPLA
(DOWN 0.43%) AND DR REDDY'S LABORATORIES (DOWN 0.22%), EDGED LOWER. WIPRO JUMPED 4.19%
AND WAS THE TOP GAINER FROM THE SENSEX PACK. THE NATIONAL STOCK EXCHANGE ON 13 FEBRUARY
2013 SAID IT HAS DECIDED TO REPLACE TWO STOCKS -- SIEMENS AND WIPRO -- WITH INDUSIND BANK
AND NMDC IN THE 50 UNIT CNX NIFTY INDEX WITH EFFECT FROM 1 APRIL 2013. CAPITAL GOODS
STOCKS EDGED LOWER. L&T DROPPED 0.65%.
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support:5800 Support: 12140
Resistance: 5900 Resistance: 11980
NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6293 6157 6021 5935 5885 5799 5749 5613 5477
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
DLF 281.45 8699.35 248.70 32.75 13.17
Wipro 415.95 1543.95 399.25 16.70 4.18
ACC 1300.95 481.67 1258.85 42.10 3.34
HCL Tech. 720.25 1252.98 697.00 23.25 3.34
198.50 1480.42 192.15 6.35 3.30
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
Jindal Steel 357.50 1253.43 386.20 -28.70 -7.43
Coal India 331.70 2005.41 349.85 -18.15 -5.19
Tata Motors 292.90 12481.93 304.45 -11.55 -3.79
Siemens 547.20 307.63 567.70 -20.50 -3.61
Tata Steel 364.50 3595.80 376.10 -11.60 -3.08
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