WEEKLY EQUITY REPORT BY EPIC RESEARCH- 3 DECEMBER 2012
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WEEKLY NEWS Government raises FII limit in G-Secs, corp bond The high level committee on external commercial borrowings met in Delhi today. In a bid to attract more foreign investors, the government has hiked the FII cap in debt limits by USD 10 billion to USD 75 billion. Also, two new windows of USD 5 billion have been created in government securities and corporate bonds, reports CNBC-TV18’s Aakansha Sethi.There are going to be two buckets created for Government Securities (G-Secs) and corporate bonds of USD 5 billion each. The only restriction is that only long-term investors like sovereign funds, insurance funds, pension funds, and WEEKLY EQUITY central banks can invest in these buckets NEWSLETTER 3RD DECEMBER 2012 Fund transfer to Swan appears to be signed by ADAG chmn The written instructions for transfer of over Rs.100 crore to Swan Consultants Private Limited, which later became Swan Telecom, an accused firm in the 2G MARKET UPDATE:- case, "appears" to have been signed by Reliance ADA Group Chairman Anil Ambani, a CBI witness today told Nifty up by 231.20 pts and settle at 5879.85 a Delhi court.According to the CBI charge sheet, Reliance Telecom (RTL) had allegedly used Swan Bank Nifty up by 624.70 Telecom, an ineligible firm, as its "front" company to get pts at 12158.90 the 2G spectrum licenses and the costly radio waves in 2008 during the tenure of former Telecom Minister A Raja, the key accused in the case. http://www.epicresearch.co 09752199966 09993959693 MARKET ANALYSIS THE MARKET SETTLED AT OVER 19-MONTH CLOSING HIGH ON HOPES THAT THE GOVERNMENT WOULD BE ABLE TO PUSH THROUGH A HOST OF REFORMS MEASURES DURING THE CURRENT SESSION OF PARLIAMENT. AFFIRMATIVE STATEMENT ABOUT THE INDIAN ECONOMY FROM RATINGS AGENCY M OODY 'S ALSO HELPED THE MARKET EDGE HIGHER. THE WEEK'S RALLY WAS ALSO SUPPORTED BY NEWS THAT GREECE WILL GET BAILOUT FUND FROM THE TROIKA OF INTERNATIONAL LENDERS COMPRISING THE EUROPEAN UNION, THE EUROPEAN CENTRAL B ANK AND THE INTERNATIONAL MONETARY FUND THE BSE SENSEX WAS UP 168.99 POINTS OR 0.88% TO 19,339.90. AMONG THE 30 SENSEX SHARES, 28 SHARES ROSE AND JUST TWO STOCKS DECLINED. TELECOM MAJOR BHARTI AIRTEL SPURTED 10.40% TO RS 337.15. THE COMPANY ANNOUNCED DURING MARKET HOURS ON FRIDAY, 30 NOVEMBER 2012, THAT THE R ED HERRING P ROSPECTUS FILED BY BHARTI INFRATEL, A SUBSIDIARY OF BHARTI AIRTEL, IN RELATION TO ITS INITIAL PUBLIC OFFER OF 18.89 CRORE SHARES OF A FACE VALUE OF RS 10 EACH, HAS BEEN APPROVED BY THE R EGISTRAR OF C OMPANIES ON 29 NOVEMBER 2012. THE ISSUE WILL BE OPENED FOR SUBSCRIPTION ON 11 DECEMBER 2012. THE PRICE BAND FOR THE IPO HAS BEEN FIXED AT BETWEEN RS 210 TO RS 240 PER SHARE. DRUG MAKER CIPLA JUMPED 8.53% TO RS 414. IT HIT A RECORD HIGH OF RS 415.90 ON 30 NOVEMBER 2012. ICICI BANK ROSE 7.14% TO RS 1,098.60. . EXPERT OPINION NIFTY WEEKLY PIVOTS NIFTY BANK NIFTY Nifty looks Consolidate Bank Nifty looks Consolidate Strategy: Buy on dips Strategy: Buy on dips Support:5820 Support: 11960 Resistance: 6030 Resistance: 12360 NIFTY WEELY PIVOTS PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4 NIFTY 6581 6319 6057 5968 5795 5706 5533 5271 5009 http://www.epicresearch.co 09752199966 NIFTY WEEKLY CHART WEEKLY BANK NIFTY CHART http://www.epicresearch.co 09752199966 GAINERS AND LOOSERS WEEKLY NIFTY GAINERS SCRIPS RATE VOL. (000) PR. NET % CHANGE CLOSE CHANGE Jindal Steel 403.05 4170.14 381.15 21.9 5.75 & Power BHEL 234.35 7268.64 222.15 12.2 5.49 ONGC 264.95 4403.04 253.8 11.15 4.39 IDFC 173.2 12012.85 167.25 5.95 3.56 BPCL 347.50 909.60 336.60 10.90 3.24 WEEKLY NIFTY LOOSERS . SCRIPS RATE VOL. PR. CLOSE NET % CHANGE (000) CHANGE Power Grid 117.90 1580.49 119.75 -1.85 -1.54 Maruti Suzuki 1473.85 223.81 1493.30 -19.45 -1.30 M&M 947.00 630.59 954.05 -7.05 -0.74 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (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 on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. 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