Weekly equity-report by epic research 4 march 2013
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Budget 2013: Mauritius shouldn't be preferred
route of investment: FM
Clarifying the government's stance on the Double
Taxation Avoidance Agreements (DTAA), the Finance
Minister P Chidambaram said that Mauritius should not
be the preferred route of investment."Investment comes
from over a 100 countries, so I don't think Mauritius can
or should be the preferred route for investment. There
are other routes for investment but Mauritius does give
a certain advantage to the investor today. If the
advantage is enjoyed by genuine Mauritius resident or
businessmen, then we have no complaint," he
IOC hikes petrol price by Rs 1.40 per litre
Petrol price was today hiked by Rs 1.40 per litre, the
second big increase in rates in as many weeks. A rise in
international oil prices and depreciation in
rupee have necessitated a Rs 1.40 per litre increase in
price of petrol with effect from midnight tonight, said a
statement by Indian Oil Corporation
Hero MotoCorp reports 4% fall in February
ountry's largest two-wheeler maker Hero MotoCorp
today reported a decrease of 4.24 per centin its sales at
5,01,271 units in February 2013. The company had sold
5,23,465 units in February 2012, Hero MotoCorp said in
a statement.Also read: Labour pangs for Hero
Motocorp; 5 workers on hunger strikeHero MotoCorp
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WEEKLY EQUITY NEWSLETTER
4TH MARCH 2013
Nifty down by 151 pts
and settle at 5719.70
Bank Nifty down by 579 pts at 11540.05
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY, 1 MARCH 2013 AFTER THE
FINANCE MINISTER P CHIDAMBARAM ANNOUNCED HIKE IN SURCHARGE ON CORPORATE TAX FOR
DOMESTIC COMPANIES AND DIVIDEND DISTRIBUTION TAX IN BUDGET 2013-14. THE S&P BSE SENSEX
DROPPED BELOW THE PSYCHOLOGICAL 19,000 MARK DURING THE WEEK. INDIAN STOCKS FELL IN TWO
OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY, 1 MARCH 2013. THE BSE MID-CAP AND
THE BSE SMALL-CAP INDICES WITNESSED MAJOR SELLING PRESSURE DURING THE WEEK IN THE WEEK ENDED FRIDAY, 1 MARCH 2013, THE 30-SHARE S&P BSE SENSEX FELL 398.49 POINTS OR
2.06% TO 18,918.52. THE 50-UNIT CNX NIFTY FELL 130.60 POINTS OR 2.23% TO 5,719.70. THE S&P BSE MID-CAP INDEX DECLINED 4.36% AND THE S&P BSE SMALL-CAP INDEX FELL 5.63%.
BOTH THESE INDICES UNDERPERFORMED THE SENSEX.FROM 30-SHARE SENSEX PACK, 19 STOCKS
DECLINED AND REST OF THEM ROSE. COAL INDIA (DOWN 5.46%), HDFC (DOWN 3.23%) AND DR REDDY'S LABORATORIES (DOWN 4.35%)
EDGED LOWER FROM THE SENSEX PACK. BANKS STOCKS DECLINED. ICICI BANK FELL 3.23%. HDFC BANK DECLINED 5.79%. METAL STOCKS WERE MOSTLY LOWER. HINDALCO INDUSTRIES (DOWN
7.65%), STERLITE INDUSTRIES (INDIA) (DOWN 4.31%) AND TATA STEEL (DOWN 6.27%) DECLINED. JINDAL STEEL & POWER ROSE 0.39%.IT STOCKS ROSE ON WEAK RUPEE. A WEAK RUPEE BOOSTS REVENUE
OF IT FIRMS IN RUPEE TERMS AS THE SECTOR DERIVES A LION'S SHARE OF REVENUE FROM EXPORTS.
NIFTY BANK NIFTY
Nifty looks Bearish Bank Nifty looks Bearish
Strategy: Sell on rise Strategy: Sell on rise
Support:5660 Support: 12440
Resistance: 5780 Resistance: 11640
NIFTY WEEKLY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6643 6336 6029 5874 5722 5567 5415 5108 4801
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
TCS 1501.85 655.35 1455.10 46.75 3.21
JP Associate 72.25 35866.74 70.25 2.00 2.85
Infosys 2913.80 1087.94 2840.55 73.25 2.58
Bajaj Auto 2028.30 219.11 1993.65 34.65 1.74
Wipro 421.70 2171.76 415.95 5.75 1.38
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
Siemens 495.20 152.46 547.20 -52.00 -9.50
Reliance Infra 433.25 1431.93 476.50 -43.25 -9.08
DLF 259.35 13577.50 281.45 -22.10 -7.85
Hindalco 98.95 8026.44 107.05 -8.10 -7.57
PNB 788.65 396.94 853.05 -64.40 -7.55
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