All decisions on 2G spectrum auction finalised:
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
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
company is getting good orders from civil construction
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.
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
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%.
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
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR. NET % 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
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
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