WEEKLY NEWS

Reliance asks govt to end logjam on KGD6

capex plan

Reliance Industries has asked the oil ministry to break

the logjam and approval for its KGD6 capex plans of

USD 1.6 bn for FY12 and FY13.According to sources

the government had verbally agreed to the capex plan

on August 7 but still has to given written approval. The

government wants to give approval once RIL agrees to

the CAG undertaking a finance and performance audit.

India Inc asks RBI to cut interest rate

Expressing disappointment over slow growth of the

industrial production, India Inc today asked the Reserve

Bank to cut interest rate at which the central bank lends

to banks to help boost investments."The IIP figures are

disappointing. What is of serious concern is the sharp

drop in electricity production even as the manufacturing

sector continues to stagnate due to faltering

investments," CII Director General Chandrajit

Banerjee said in a statement.

Domestic aviation sector may see recovery in

Q3: Report

The struggling domestic aviation sector is likely to see a

recovery in the third quarter on the back of a stronger

domestic currency and temporary shutdown of

Kingfisher Airlines , among others, according to a

report.

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WEEKLY EQUITY NEWSLETTER

15TH OCTOBER 2012

MARKET UPDATE:-

Nifty down 75 pts at

5676.05

Bank Nifty down 142 pts

at 11388.45

NIFTY WEEKLY PIVOTS

http://www.epicresearch.co 09752199966

MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER, WITH THE MARKET SENTIMENT WAS HIT ADVERSELY AFTER

GLOBAL CREDIT RATING AGENCY STANDARD & POOR'S (S&P) ON WEDNESDAY, 10 OCTOBER 2012,

WARNED THAT INDIA STILL FACED A ONE-IN-THREE CHANCE OF A CREDIT RATING DOWNGRADE TO JUNK

STATUS WITHIN THE NEXT 24 MONTHS DESPITE A NEW DRIVE FOR ECONOMIC REFORM THAT WAS

LAUNCHED IN SEPTEMBER 2012. THE BAROMETER INDEX, BSE SENSEX, FELL 263.28 POINTS OR 1.39% TO 18,675.18 THE S&P CNX NIFTY DECLINED 70.90 POINTS OR 1.23% TO 5676.05. FROM 30 SHARE SENSEX PACK, 22 STOCKS FELL AND ONLY EIGHT OF THEM ROSE. IT MAJOR INFOSYS LOST 5.23% TO RS 2395.65. AMONG OTHER IT SHARES, WIPRO (DOWN 5.93%) AND

TCS (DOWN 0.43%), EDGED LOWER. INDIA'S SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT

HDFC BANK ROSE 1.36%.INDIA'S LARGEST BANK BY BRANCH NETWORK STATE BANK OF INDIA (SBI)

DECLINED 3.79%.TATA STEEL ROSE 2.49%.INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SHED

4.49%.INDEX HEAVYWEIGHT AND CIGARETTE MAKER ITC ROSE 2.65% TO RS 283. AUTO STOCKS FELL

ACROSS THE BOARD. MAHINDRA & MAHINDRA (M&M) SHED 1.58%.INDIA'S LARGEST COMMERCIAL

VEHICLE MAKER BY SALES TATA MOTORS FELL 3.5%.

.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Consolidate Bank Nifty looks Consolidate

Strategy: Sell on Rise Strategy: Sell on Rise

Support: 5570 Support: 11190

Resistance: 5740 Resistance:11590

NIFTY WEELY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6032 5917 5802 5739 5687 5642 5572 5457 5342

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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

Sun Pharma 713.25 1509.58 682.55 30.7 4.5

JP Associate 92.65 23142.53 88.7 3.95 4.45

Ultratech C 2044.7 344.64 1971.1 73.6 3.73

ITC 283.5 8159.73 275.65 7.85 2.85

ACC 1498.05 355.68 1457.65 40.4 2.77

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

DLF 218.75 9274 241.9 -23.15 -9.57

Siemens 686.75 379.65 744.35 -57.6 -7.74

BHEL 245.4 10830.24 263.9 -18.5 -7.01

Wipro 352.05 1934.96 373.25 -21.2 -5.68

Hindalco 118.05 10894.78 125 -6.95 -5.56

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