WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012
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Transcript of WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012
WEEKLY NEWS
Banks will collectively take a view on KFA
account: PNB
Even as Kingfisher lifted its lockout, questions remained
over whether the lenders will restructure the
beleaguered airline's over Rs 7,000 crore loans, with the
Punjab National Bank (PNB) today saying that all banks
will have to take decision on it collectively.
RPower' Sasan project expansion hits green
hurdles
Reliance Power 's Sasan ultra mega project expansion
plans face hurdles as Ministry of Environment and
Forests (MoEF) has sought additional information from
the company stating the proposal in the current form is
pre-mature.Sasan Power Ltd, which is implementing Rs
9,805 crore-6x660 MW Sasan Ultra Mega Power Plant
(UMPP), had approached the ministry seeking
clearance for the expansion of the project by 3X660
MW.
Subbarao meets FM ahead of RBI's policy
review
Ahead of second quarter review of credit policy,
Reserve Bank governor D Subbarao today met Finance
Minister P Chidambaram and discussed macro-
economic situation."I met the finance minister and
reviewed macro-economic situation with him," Subbarao
told reporters after the meeting here. The RBI will
review its monetary policy for the second quarter on
October 30
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WEEKLY EQUITY NEWSLETTER
29TH OCTOBER 2012
MARKET UPDATE:-
Nifty down 3 pts at
5664.30
Bank Nifty up 87 pts at
11509.15
NIFTY WEEKLY PIVOTS
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MARKET ANALYSIS KEY BENCHMARK INDICES LOGGED SMALL DECLINES IN THE WEEK ENDED FRIDAY, 26 OCTOBER 2012
WEIGHED BY GLOBAL GROWTH JITTERS. THE MARKET LOGGED GAINS IN TWO OF FOUR TRADING SESSIONS
IN 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). INDIA'S LARGEST BANK BY BRANCH
NETWORK STATE BANK OF INDIA (SBI) FELL 3.70%PRIVATE SECTOR BANKING GIANT ICICI BANK GAINED
2.13% TO RS 1,078.25. INDIA'S LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES L&T
ADVANCED 4.48% TO RS 1,705.85.
.
EXPERT OPINION
NIFTY BANK NIFTY
Nifty looks Consolidate Bank Nifty looks Consolidate
Strategy: Sell on Rise Strategy: Sell on Rise
Support: 5600 Support: 11310
Resistance: 5720 Resistance: 11710
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5915 5835 5775 5709 5675 5629 5595 5515 5435
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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
M& M 880.90 956.90 823.75 57.15 6.94
L & T 1709.30 837.22 1633.05 76.25 4.67
IDFC 157.85 8941.96 152.10 5.75 3.78
BPCL 348.00 716.27 339.65 8.35 2.46
Axis Bank 1231.65 2690.03 1202.25 29.40 2.45
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR. CLOSE NET
CHANGE
% CHANGE
PNB 749.45 418.49 822.8 -73.35 -8.91
Jindal Steel 386.1 1025.86 407.5 -21.4 -5.25
Power Grid 113.85 1773.6 119.4 -5.55 -4.65
Bank Of Baroda
763.45 764.22 796.85 -33.4 -4.19
ITC 285.85 13483.14 297.5 -11.65 -3.92
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