Government raises FII limit in G-Secs, corp
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
3RD DECEMBER 2012 Fund transfer to Swan appears to be signed by
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
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.
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.
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
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR. NET % CHANGE
403.05 4170.14 381.15 21.9 5.75
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
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
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