WEEKLY NEWS
India can grow by 6.5% this fiscal: Montek
India can grow by 6.5 percent in the current fiscal during which big projects are likely to get clearances from CCI, Planning Commission Deputy Chairman Montek Singh Ahluwalia said [Link] you believe in one year (201314) that it (growth rate can go up by 1.5 percentage points, the short answer is absolutely yes," he said addressing Hero Mindmine summit here. According to the Central Statistical Organisation's (CSO) advance estimates, Indian economy is projected to grow by 5 percent in [Link] Budget has projected an economic growth rate of 6.5 percent in 2013-14, 1.5
WEEKLY EQUITY NEWSLETTER
8TH APRIL 2013
percentage point higher than the estimated growth in the last financial year."This year should be better primarily because on these implementation front, we would see moves. There is no sign at the moment of strong recovery but I think there is sign of bottoming up (of decline in economy). "CIL to continue 50% supply; NTPC says
MARKET UPDATE: Nifty down by 130 pts and settle at 5553.25 Bank Nifty down by 260 pts at 11098.95
generation to pick up
The Coal Ministry today assured that half of fuel supply to NTPC would continue for the time being while the power producer said generation will pick up
[Link] development comes amidst feud between Coal India and NTPC over quality of fuel being supplied. The situation got aggravated after NTPC lowered generation saying supply from CIL was of poor quality and inadequate, stoking fears of power cuts ahead of peak summer.
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MARKET ANALYSIS
KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY, 5 APRIL 2013 AFTER A PRIVATE SURVEY SHOWED GROWTH IN THE SERVICES SECTOR HIT 17-MONTH LOW IN MARCH 2013. MARKET DECLINED IN THREE OF FIVE TRADING SESSIONS IN THE WEEK. THE S&P BSE MID-CAP AND THE S&P BSE SMALL-CAP INDICES OUTPERFORMED THE SENSEX DURING THE WEEK. IN THE WEEK ENDED FRIDAY, 5 APRIL 2013, THE 30-SHARE S&P BSE SENSEX FELL 385.54 POINTS OR 2.05% TO 18,450.23. THE 50-UNIT CNX NIFTY DECLINED 129.30 POINTS OR 2.27% TO 5,553.25. THE S&P BSE MID-CAP INDEX ROSE 0.04% AND THE S&P BSE SMALL-CAP INDEX ADVANCED 1.89%. BOTH THESE INDICES OUTPERFORMED THE SENSEX. FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT SHARES WORTH RS 639.30 CRORE IN APRIL 2013 SO FAR (TILL 4 APRIL 2013). FIIS HAD PURCHASED SHARES WORTH RS 9124.30 CRORE IN MARCH 2013. FIIS HAVE PURCHASED SHARES WORTH NET RS 56261.70 CRORE IN 2013 SO FAR (TILL 4 APRIL 2013). FIIS BOUGHT SHARES WORTH NET RS 128359.80 CRORE IN CALENDAR 2012. FROM 30-SHARE SENSEX PACK, 21 STOCKS DECLINED AND REST OF THEM GAINED THE WEEK ENDED FRIDAY, 5 APRIL 2013. METAL SHARES EDGED LOWER. TATA STEEL (DOWN 1.22%), HINDALCO INDUSTRIES (DOWN 1.86%), AND JINDAL STEEL & POWER (DOWN 3.86%) DECLINED.
EXPERT OPINION
NIFTY WEEKLY PIVOTS
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support:5500 Resistance: 5600
BANK NIFTY
Bank Nifty looks Bearish Strategy: Sell on rise Support: 11000 Resistance: 11200
NIFTY WEEKLY PIVOTS
PIVOTS NIFTY R4 6273 R3 6053 R2 5833 R1 5693 PP 5613 S1 5473 S2 5393 S3 5173 S4 4953
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NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
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GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR. CLOSE NET CHANGE % CHANGE
Maruti Suzuki Sun Pharma Dr Reddys ONGC Coal India
1406.30 859.35 1911.55 314.30 309.25
280.42 264.82 379.44 1487.10 989.91
1283.80 812.65 1825.90 308.85 305.10
122.50 46.70 85.65 5.45 4.15
9.54 5.75 4.69 1.76 1.36
WEEKLY NIFTY LOOSERS
. SCRIPS RATE VOL. (000) PR. CLOSE NET CHANGE % CHANGE
DLF Bharti Airtel NMDC HDFC Axis Bank
232.8 270.25 124.85 770.8 1229.55
13591.99 1452.02 2095.18 1514.57 981.34
253.2 293.65 135.15 825.2 1314.9
-20.4 -23.4 -10.3 -54.4 -85.35
-8.06 -7.97 -7.62 -6.59 -6.49
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