WEEKLY NEWS

Creditors ask KFA to shut shop or pay up Rs

300cr

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.

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WEEKLY EQUITY NEWSLETTER

29TH APRIL 2013

MARKET UPDATE:-

Nifty up by 88 pts and

settle at 5871.45

Bank Nifty up by 245 pts at 12533.15

NIFTY WEEKLY PIVOTS

http://www.epicresearch.co 09752199966

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.

.

EXPERT OPINION

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

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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

Axis Bank 1486.35 1498.10 1203.20 283.15 23.53

Maruti Suzuki

1673.15 682.01 1407.40 265.75 18.88

Indusind Bank

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.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

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

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