Weekly equity-report by epic research 7 jan 2013
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Transcript of Weekly equity-report by epic research 7 jan 2013
DoT looking to start 2G spectrum auction from
The second round of auction for selling unsold telecom
spectrum is likely to start from March 11 with a lower
base price. According to sources, "stiff timeline has
been drawn taking into account the EGoM decision
dated December 7, 2012 that all effort should be made
to complete the process during the current financial
year."The timeline of the second auction is likely to be
discussed by the Empowered Group of Ministers on
telecom in its scheduled meet on January 7. Sources
said that auction is proposed to start from March 11 for
unsold spectrum in 1800 Mhz and airwaves in 900 Mhz
band held by telecom companies whose licences are
coming up for renewal in 2014.
Govt eyes to meet disinvestment target via PSU
In a bid to meet its disinvestment target; the government
is pulling out all the stops including the introduction of a
Exchange Traded Fund for PSUs, report Sajeet
Manghat and Sandeep Srikanth of CNBC-TV18.The
finance ministry is forging ahead to introduce an
exchange traded fund for PSU's. Designed on the lines
of the Hong Kong Tracker, in consultation with ICICI
Securities, the PSU ETF will allow the government to
monetise its shareholdings in the public sector
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WEEKLY EQUITY NEWSLETTER
7TH JANUARY 2012
Nifty up by 115 pts and
settle at 6016.15
Bank Nifty up by 345 pts at 12787.35
NIFTY WEEKLY PIVOTS
MARKET ANALYSIS KEY BENCHMARK INDICES SURGED TO ATTAIN THEIR HIGHEST LEVEL IN NEARLY TWO YEARS AFTER A
SURVEY SHOWED STRONG GROWTH IN BOTH THE SERVICES AND MANUFACTURING SECTORS IN DECEMBER
2012. THE MARKET SENTIMENT WAS ALSO BOOSTED AFTER US LAWMAKERS REACHING A LAST-MINUTE
DEAL TO AVERT THE SO-CALLED FISCAL CLIFF. BSE SENSEX, JUMPED 339.24 POINTS OR 1.74% TO 19,784.08 THE S&P CNX NIFTY ROSE 107.80 POINTS OR 1.82% TO SETTLE AT 6,016.15 FROM THE 30-SHARE SENSEX PACK, 26 STOCKS ROSE AND ONLY FOUR OF THEM FELL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) ROSE 2.43%INDEX HEAVYWEIGHT AND CIGARETTE
MAKER ITC SHED 2.33% TO RS 282.40. FMCG MAJOR, HINDUSTAN UNILEVER GAINED 2.51%.IT
PIVOTALS ROSE AS US LAWMAKERS EARLY THIS WEEK REACHED A LAST-MINUTE DEAL TO AVERT THE
FISCAL CLIFF. US IS THE BIGGEST OUTSOURCING MARKET FOR THE INDIAN IT FIRMS. IT MAJOR TATA
CONSULTANCY SERVICES (TCS) ROSE 2.54%.INFOSYS ANNOUNCES Q3 RESULTS ON 11 JANUARY
2013BANK STOCKS ROSE ACROSS THE BOARD. SHARES OF BANKING GIANT STATE BANK OF INDIA (SBI)
ROSE 4.5% TO RS 2,484.80INDIA'S LARGEST PRIVATE SECTOR BANK BY NET PROFIT ICICI BANK ROSE
3.5% TO RS 1,182.20. THE STOCK STRUCK A 52-WEEK HIGH OF RS 1,184.75 IN INTRADAY TRADE FRIDAY, 4 JANUARY 2013.
NIFTY BANK NIFTY
Nifty looks Consolidate Bank Nifty looks Consolidate
Strategy: Sell on rise Strategy: Sell on rise
Support:5960 Support: 12590
Resistance: 6080 Resistance: 12790
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6346 6223 6100 6058 5977 5935 5854 5731 5608
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
Cairn India 337.15 4098.72 327.50 9.65 2.95
GAIL India 371.15 1861.66 363.35 7.80 2.15
BPCL 374.00 1782.49 366.25 7.75 2.12
ONGC 284.80 7743.59 279.80 5.00 1.79
BHEL 242.80 3206.30 238.80 4.00 1.68
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
PR. CLOSE NET
Tata Steel 433.50 3645.03 442.30 -8.80 -1.99
Jindal Steel & Power
457.80 2923.99 466.35 -8.55 -1.83
Hindalco 132.55 5798.69 134.40 -1.85 -1.38
Sesa Goa 201.70 1375.96 204.40 -2.70 -1.32
HDFC 837.70 2043.11 845.50 -7.80 -0.92
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