WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012
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Transcript of WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012
- 1. WEEKLY NEWSBanks will collectively take a view on KFAaccount: PNBEven as Kingfisher lifted its lockout, questions remainedover whether thelenderswill restructure thebeleaguered airlines over Rs 7,000 crore loans, with thePunjab National Bank (PNB) today saying that all bankswill have to take decision on it collectively. RPower Sasan project expansion hits greenhurdlesReliance Power s Sasan ultra mega project expansion WEEKLY EQUITYplans face hurdles as Ministry of Environment andNEWSLETTERForests (MoEF) has sought additional information fromthe company stating the proposal in the current form is 29TH OCTOBER 2012pre-mature.Sasan Power Ltd, which is implementing Rs9,805 crore-6x660 MW Sasan Ultra Mega Power Plant(UMPP), had approached the ministry seekingclearance for the expansion of the project by 3X660 MARKET UPDATE:- MW. Subbarao meets FM ahead of RBIs policyNifty down 3 pts at reviewAhead of second quarter review of credit policy,5664.30Reserve Bank governor D Subbarao today met FinanceBank Nifty up 87 pts at Minister P Chidambaram and discussed macro-economic situation."I met the finance minister and11509.15reviewed macro-economic situation with him," Subbaraotold reporters after the meeting here. The RBI willreview its monetary policy for the second quarter onOctober 30 http://www.epicresearch.co 09752199966 09993959693
2. MARKET ANALYSIS KEY BENCHMARK INDICES LOGGED SMALL DECLINES IN THE WEEK ENDED F RIDAY, 26 OCTOBER 2012WEIGHED BY GLOBAL GROWTH JITTERS. THE MARKET LOGGED GAINS IN TWO OF FOUR TRADING SESSIONSIN A TRUNCATED WEEK. THE BSE SENSEX FELL 56.97 POINTS OR 0.30% TO 18,625.34 IN THE WEEK ENDED FRIDAY, 26 OCTOBER 2012. THE 50-UNIT S&P CNX NIFTY DECLINED 19.95 POINTS OR 0.35% TO SETTLE AT 5,664.30 AMONG THE 30 SENSEX SHARES, 16 SHARES DECLINED AND THE REMAINING SHARES ROSE IN THE WEEK ENDED FRIDAY, 26 OCTOBER 2012. FMCG MAJOR HINDUSTAN LEVER (HUL) DROPPED 2.61%. DURING TRADING HOURS ON FRIDAY, 26 OCTOBER 2012, HUL SAID GROWTH IN Q2 SEPTEMBER 2012 WAS ADVERSELY IMPACTED BY THE BUDGET RATIONALIZATION IN THE CANTEEN STORES DEPARTMENT (CSD). INDIAS LARGEST BANK BY BRANCH NETWORK STATE B ANK OF INDIA (SBI) FELL 3.70%P RIVATE SECTOR BANKING GIANT ICICI B ANK GAINED 2.13% TO RS 1,078.25. INDIAS LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES L&T ADVANCED 4.48% TO RS 1,705.85.. EXPERT OPINION NIFTY WEEKLY PIVOTS NIFTYBANK NIFTY Nifty looks ConsolidateBank Nifty looks Consolidate Strategy: Sell on Rise Strategy: Sell on Rise Support: 5600Support: 11310 Resistance: 5720 Resistance: 11710 NIFTY WEELY PIVOTSPIVOTSR4 R3R2R1 PPS1 S2S3S4NIFTY5915 583557755709 567556295595 5515 5435 http://www.epicresearch.co09752199966 3. NIFTY WEEKLY CHART WEEKLY BANK NIFTY CHARThttp://www.epicresearch.co 09752199966 4. GAINERS AND LOOSERS WEEKLY NIFTY GAINERSSCRIPSRATEVOL. (000) PR.NET % CHANGE CLOSECHANGEM& M 880.90 956.90823.7557.15 6.94L&T 1709.30837.221633.0576.25 4.67IDFC 157.85 8941.96 152.10 5.75 3.78BPCL 348.00716.27 339.65 8.35 2.46Axis Bank 1231.65 2690.031202.2529.40 2.45WEEKLY NIFTY LOOSERS.SCRIPS RATE VOL.PR. CLOSENET % CHANGE(000)CHANGEPNB 749.45418.49822.8 -73.35-8.91Jindal Steel386.11025.86407.5 -21.4 -5.25Power Grid113.851773.6119.4 -5.55 -4.65 Bank Of763.45764.22 796.85 -33.4 -4.19 Baroda ITC285.85 13483.14 297.5 -11.65-3.92DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept anyresponsibility (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 onsources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provide individuallytailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, andencourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based onthe 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 allestimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocksrecommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any viewsexpressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading ofthe 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 anyfinancial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer tobuy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our callsor SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.