WEEKLY EQUITY REPORT BY EPIC RESEARCH-27 AUGUST 2012
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L&T to sell stake in infra unit in 60 days
Larsen & Toubro, India's biggest engineering
conglomerate, plans to sell a stake in its wholly-owned
infrastructure unit within the next two months, chairman
AM Naik said at the company's annual shareholder's
meeting on Friday.L&T Infrastructure Development
Projects (L&T IDPL) was in talks with private-equity
investors including Temasek Holdings to raise $250
million to $300 million.
Osamu Suzuki meets Modi; Maruti to set up skill
centre in Gujarat
The private equity arm of Citigroup is set to invest $125
Maruti Suzuki India will set up a skill development
centre in Gujarat, where it is investing Rs 4,000 crore to
set up a manufacturing facility, even as it is trying to
restore normalcy at its Manesar plant in Haryana..
Bharti Airtel shortlists StanChart, JPMorgan for
tower arm IPO
Bharti Airtel has shortlisted banks including Standard
Chartered and JPMorgan to manage a share sale in its
telecoms tower unit to raise more than $750 million, two
sources with direct knowledge of the matter said. Top
telecoms carrier Bharti has also shortlisted Bank of
America Merrill Lynch, HSBC, UBS and Kotak Mahindra
for the initial public offering, the sources said on Friday..
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WEEKLY EQUITY NEWSLETTER
27TH AUGUST 2012
Nifty up 20.40 at 5386
Bank Nifty down 82 pts
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS THE MARKET EDGED HIGHER FOR THE FOURTH CONSECUTIVE WEEK AS WORLD STOCKS ROSE ON
SPECULATION POLICY MAKERS IN THE US AND CHINA WILL EASE MONETARY POLICY TO BOOST GROWTH IN
THE WORLD'S TWO BIGGEST ECONOMIES
THE BSE SENSEX ROSE 92.13 POINTS OR 0.52% TO 17,783.21. THE 50-UNIT S&P CNX NIFTY ROSE
20.40 POINTS OR 0.38% TO SETTLE AT 5,386.70.
THE BSE MID-CAP INDEX FELL 0.63% AND THE BSE SMALL CAP INDEX FELL 0.61%. BOTH THESE
INDICES UNDERPERFORMED THE SENSEX. TRADING FOR WEEK BEGAN ON A STRONG NOTE ON TUESDAY, 21 AUGUST 2012. KEY BENCHMARK INDICES
SURGED ON TUESDAY, 21 AUGUST 2012, AS EUROPEAN STOCKS ROSE ON GROWING OPTIMISM THAT THE
EUROPEAN CENTRAL BANK (EBC) WILL TAKE STEPS TO BRING DOWN BORROWING COSTS FOR DEBT-LADEN EUROPEAN NATIONS. THE BSE SENSEX JUMPED 194.18 POINTS OR 1.1% TO SETTLE AT 17,885.26.
THE S&P CNX NIFTY JUMPED 54.70 POINTS OR 1.02% TO 5,421.
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support: 5240 Support: 10115
Resistance: 5560 Resistance: 10550
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5640 5560 5480 5433 5400 5353 5320 5240 5160
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
Ranbaxy 551.7 997.29 516.15 35.55 6.89
Coal India 367.05 3018.09 349.9 17.15 4.9
BPCL 354.55 964.75 340.6 13.95 4.1
Infosys 2444.8 1061.66 2351.05 93.75 3.99
TCS 1322.85 643.79 1278.6 44.25 3.46
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL. (000) PR. CLOSE NET
Bharti Airtel 247.95 8913.8 262.3 -14.35 -5.47
Reliance Infra 486.65 2687.37 510.5 -23.85 -4.67
RIL 782.1 3275.64 816.1 -34 -4.17
Axis Bank 1075.45 1604.16 1110.2 -34.75 -3.13
Hindalco 111 10128.87 113.7 -2.7 -2.37
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