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.

WEEKLY EQUITY NEWSLETTER

15 OCTOBER 2012
TH

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

MARKET UPDATE:Nifty down 75 pts at 5676.05 Bank Nifty down 142 pts at 11388.45

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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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 B ANK 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%.I NDIA'S LARGEST COMMERCIAL VEHICLE MAKER BY SALES TATA M OTORS FELL 3.5%.

EXPERT OPINION
NIFTY WEEKLY PIVOTS

NIFTY
Nifty looks Consolidate Strategy: Sell on Rise Support: 5570 Resistance: 5740

BANK NIFTY
Bank Nifty looks Consolidate Strategy: Sell on Rise Support: 11190 Resistance:11590

NIFTY WEELY PIVOTS

PIVOTS NIFTY R4 6032 R3 5917 R2 5802 R1 5739 PP 5687 S1 5642 S2 5572 S3 5457 S4 5342

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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

Sun Pharma JP Associate Ultratech C ITC ACC

713.25 92.65 2044.7 283.5 1498.05

1509.58 23142.53 344.64 8159.73 355.68

682.55 88.7 1971.1 275.65 1457.65

30.7 3.95 73.6 7.85 40.4

4.5 4.45 3.73 2.85 2.77

WEEKLY NIFTY LOOSERS

. SCRIPS RATE VOL. (000) PR. CLOSE NET CHANGE % CHANGE

DLF Siemens BHEL Wipro Hindalco

218.75 686.75 245.4 352.05 118.05

9274 379.65 10830.24 1934.96 10894.78

241.9 744.35 263.9 373.25 125

-23.15 -57.6 -18.5 -21.2 -6.95

-9.57 -7.74 -7.01 -5.68 -5.56

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