weekly-equity-report BY EPIC RESEARCH 29 APRIL 2013
Embed Size (px)
Transcript of weekly-equity-report BY EPIC RESEARCH 29 APRIL 2013
Creditors ask KFA to shut shop or pay up Rs
Kingfisher Airlines' promoter Vijay Mallya's woes seem
to see no end in sight. As United Spirits ' much-awaited
deal with Diageo is nearing fruition, one of the final
hurdles on the way is the winding up petition that eight
creditors have filed against the company. These
creditors, including BNP Paribas, Rolls Royce and Wells
Fargo Bank have filed the petition against UB Holdings
in the Karnataka High Court.The creditors are alleging
that the company owes them over Rs 300 crores while
UB Holdings has sought the court's permission for the
stake sale to Diageo.
RBI Credit Policy: Raghuram Rajan says there
is case for interest rate cut
Ahead of the annual monetary policy review of the RBI ,
chief economic advisor Raghuram Rajan on Friday said
there is a scope for interest rate cut as the core inflation
has come down and there is a need to push growth.The
RBI is slated to announce monetary policy for 2013-14
on May 3. "The Rabi crop is likely to be good one. That
will help bring inflation down. So as inflation comes
down, there is case for RBI to cut interest rate. I think,
we have a case for stronger growth," Rajan said at an
event here.Wholesale Price Index (WPI) for the month
ended March moderated to three-year low of 5.96
percent against Reserve Bank's projection of 6.8
percent.In its last policy review in March, RBI slashed
short-term lending rate by 0.25 per cent to 7.5 percent.
Accordingly, the short-term borrowing rate came down
to 6.5 percent.
http://www.epicresearch.co 09752199966 09993959693
WEEKLY EQUITY NEWSLETTER
29TH APRIL 2013
Nifty up by 88 pts and
settle at 5871.45
Bank Nifty up by 245 pts at 12533.15
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES EDGED HIGHER IN THE WEEK ENDED FRIDAY, 26 APRIL 2013 EDGED HIGHER
AS SLOWING WHOLESALE PRICE INFLATION HAS RAISED RATE CUT EXPECTATIONS. FIRM GLOBAL STOCKS
ALSO BOOSTED SENTIMENT. THE MARKET GAINED IN THREE OUT OF FOUR TRADING SESSIONS IN THE
WEEK JUST GONE BY. THE S&P BSE MID-CAP AND THE S&P BSE SMALL-CAP INDICES
UNDERPERFORMED THE SENSEX DURING THE WEEK. IT STOCKS WERE THE KEY LOSERS DURING THE WEEK
ON WEAK ECONOMIC DATA IN THE US, THE BIGGEST OUTSOURCING MARKET FOR THE INDIAN IT FIRMS. AMONG STOCK-SPECIFIC ACTIVITY, MARUTI SUZUKI INDIA SURGED AFTER THE COMPANY REPORTED
STRONG Q4 RESULTS DURING MARKET HOURS ON FRIDAY, 26 APRIL 2013. INDEX HEAVYWEIGHT AND
CIGARETTE MAJOR ITC HIT RECORD HIGH IN INTRADAY TRADE ON THURSDAY, 25 APRIL 2013. PHARMA
MAJOR SUN PHARMACEUTICAL INDUSTRIES HIT A RECORD HIGH IN INTRADAY TRADE ON THURSDAY, 25
APRIL 2013. ANOTHER PHARMA MAJOR DR REDDY'S LABORATORIES, TOO, SCALED A RECORD HIGH IN
INTRADAY TRADE ON FRIDAY, 26 APRIL 2013. JINDAL STEEL AND POWER (JSPL) SLUMPED ON WEAK Q4
RESULTS ANNOUNCED AFTER MARKET HOURS ON THURSDAY, 25 APRIL 2013. FOREIGN INSTITUTIONAL INVESTORS (FIIS) HAVE BOUGHT SHARES WORTH RS 2903.80 CRORE IN APRIL
2013 SO FAR (TILL 23 APRIL 2013). FIIS HAD PURCHASED SHARES WORTH RS 9124.30 CRORE IN MARCH
2013. FROM 30-SHARE SENSEX PACK, 21 STOCKS DECLINED AND REST OF THEM GAINED THE WEEK ENDED
FRIDAY, 26 APRIL 2013.
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support: 5800 Support: 12480
Resistance: 5920 Resistance: 12600
NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6266 6131 5966 5933 5861 5798 5726 5591 5456
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
Axis Bank 1486.35 1498.10 1203.20 283.15 23.53
1673.15 682.01 1407.40 265.75 18.88
458.15 1325.95 390.25 67.90 17.40
JP Associate 75.00 13495.36 64.05 10.95 17.10
L & T 1540.85 1658.28 1320.30 220.55 16.70
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
Infosys 2212.00 1355.08 2766.35 -554.35 -20.04
TCS 1369.35 836.18 1497.40 -128.05 -8.55
HCL Tech. 684.25 1126.89 740.50 -56.25 -7.60
Jindal Steel 314.95 2824.19 332.65 -17.70 -5.32
HUL 465.05 3098.31 472.15 -7.10 -1.50
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved. Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.