WEEKLY EQUITY REPORT BY EPIC RESEARCH- 04 February 2013
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WEEKLY NEWS All decisions on 2G spectrum auction finalised: Kapil Sibal The Empowered Group of Ministers met today to discuss the 2G auction. Speaking after the meeting, telecom minister, Kapil Sibal said all decisions regarding the auction have been finalised. He also added that there will be no cap on the maximum number of blocks any company can bid for. Kapil Sibal, telecom minister, said, "The EGoM met today to approve the notice for the invitation of the auction and the whole agenda has been approved. We are now going ahead with the auction as proposed. Whatever are the other procedural decisions that had to be taken, have been taken. You WEEKLY EQUITY can find out all the details from us." NEWSLETTER Govt spend in infra space to pick up: L&T's TH 4 FEBRUARY 2013 Raman Heavy engineering and construction major Larsen & Toubro expects government spend on infra development to pick up soon. R Shankar Raman, CFO, L&T in an interview with CNBC-TV18 said that the MARKET UPDATE:- company is getting good orders from civil construction space Nifty down by 84 pts and settle at 5998.90 Budget 2013-14: FM will get a bigger bank recap bill, courtesy RBI Bank Nifty down by 99 The finance minister is not going to get his free lunch pts at 12606.00 from Duvvuri Subbaro, despite the fact that the latter cut both repo and cash reserve ratio on 29 January to please him.The obverse side of easier money and credit is always a higher complement of bad loans. And more bad loans means more capital. http://www.epicresearch.co 09752199966 09993959693 MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER AFTER THE RESERVE BANK OF INDIA WHILE ANNOUNCING A REDUCTION OF ITS KEY POLICY LENDING RATE BY 25 BASIS POINTS (BPS) AFTER A MONETARY POLICY REVIEW ON 29 JANUARY 2013 SIGNALED THAT THERE IS LESS ROOM FOR AGGRESSIVE POLICY RATE CUTS AMID ANY NEGATIVE SURPRISE EMANATING FROM INFLATION AND THE TWIN DEFICITS. THE BAROMETER INDEX, BSE SENSEX, SLIPPED BELOW THE PSYCHOLOGICAL 20,000 MARK THE BSE SENSEX DECLINED 322.34 POINTS OR 1.6% TO 19718.19 IN THE WEEK ENDED 1 FEBRUARY 2013. THE S&P CNX NIFTY DECLINED 75.75 POINTS OR 1.24% TO 5998.90. FROM THE 30-SHARE SENSEX PACK, 23 STOCKS FELL AND ONLY 7 OF THEM ROSE. AUTO STOCKS WERE MIXED. MAHINDRA & MAHINDRA (M&M) SHED 1.52%.MARUTI SUZUKI INDIA ROSE 0.53%. MARUTI SUZUKI INDIA SAID DURING MARKET HOURS FRIDAY, 1 FEBRUARY 2013, ITS TOTAL SALES FELL 1.1% TO 1.14 LAKH UNITS IN JANUARY 2013 OVER JANUARY 2012. TATA MOTORS TUMBLED 5.33%.SHARES OF TWO-WHEELER MAKERS WERE MIXED. BAJAJ AUTO DECLINED 1.24% AND HERO MOTOCORP ROSE 2.79%.L&T DROPPED 4.5%.BANKING STOCKS SLIPPED ON PROFIT BOOKING. STATE BANK OF INDIA (SBI) SHED 4.11%.ICICI BANK FELL 0.15% TO RS 1171. INDIA'S SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT HDFC BANK DROPPED 3.66%. . EXPERT OPINION NIFTY WEEKLY PIVOTS NIFTY BANK NIFTY Nifty looks Bearish Bank Nifty looks Bearish Strategy: Sell on rise Strategy: Sell on rise Support:5950 Support: 12510 Resistance: 6050 Resistance: 12690 NIFTY WEEKLY PIVOTS PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4 NIFTY 6414 6286 6158 6078 6030 5950 5902 5774 5646 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 Axis Bank 1509.65 1656.66 1386.25 123.40 8.90 Coal India 356.70 2178.50 341.05 15.65 4.59 Cipla 414.40 1752.02 397.90 16.50 4.15 ITC 309.40 13767.52 299.75 9.65 3.22 DLF 267.90 9173.12 259.75 8.15 3.14 WEEKLY NIFTY LOOSERS . SCRIPS RATE VOL. PR. CLOSE NET % CHANGE (000) CHANGE Bharti Airtel 329.4 4734.76 360.5 -31.1 -8.63 Tata Motors 281.65 15381.9 301 -19.35 -6.43 L&T 1533.35 2335.11 1611.3 -77.95 -4.84 Reliance Infra 516.75 1758.1 540.15 -23.4 -4.33 Ultratech 1837.75 106.55 1916.65 -78.9 -4.12 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. 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