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WEEKLY NEWS

UPA unleashes big-ticket economic reforms:

India Inc cheers FDI in retail, aviation and power exchanges


A day after it signalled its willingness to take hard steps by raising diesel prices by 12%, the cabinet braved possible objections from allies and the Opposition by unleashing a wave of big-ticket economic reforms, most notably reviving an earlier decision allowing foreign supermarkets to open shop in India with majority ownership, in a bid to revive faltering economic growth

WEEKLY EQUITY NEWSLETTER


17 SEPTEMBER 2012
TH

and shed an image of lethargy and haplessness. Diesel price hike: Carmakers like Maruti Suzuki,

M&M & GM India hopeful festival sales will blunt impact


A 5 increase in diesel prices may have provided another

MARKET UPDATE:Nifty up 218.95 pts at 5575.65 Bank Nifty up 513 pts at 10642.90

telling blow on an already slowing down Indian passenger vehicle space, but industry players are still hopeful that the upcoming festive season will help soften that knock.

Bharti and Future Group may take lead in luring

FDI in retail
Big retailers Future Group and Bharti Enterprises are already looking to attract foreign investment after the government on Friday allowed up to 51% FDI in multibrand retail.

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MARKET ANALYSIS
THE
MARKET GAINED FOR THE SECOND STRAIGHT WEEK AS DIESEL PRICE HIKE BY THE I NDIAN GOVERNMENT TO HELP IMPROVE COUNTRY'S DETERIORATING FISCAL POSITION, US FEDERAL RESERVE'S QE3 PROGRAM AND GERMANY 'S FEDERAL CONSTITUTIONAL COURT REJECTING CALLS TO BLOCK THE EURO RESCUE FUND INCREASED INVESTORS' APPETITE FOR RISKIER ASSETS. THE BSE SENSEX JUMPED 714.62 POINTS OR 4.02% TO 18,464.27, ITS HIGHEST CLOSING LEVEL SINCE 26 JULY 2011. THE 50-UNIT S&P CNX NIFTY SURGED 218.95 POINTS OR 4.08% TO SETTLE AT 5,577.65, ITS HIGHEST CLOSING LEVEL SINCE 21 FEBRUARY 2012. THE MARKET GAINED IN ALL FIVE TRADING SESSIONS IN THE WEEK JUST GONE BY. F ROM THE 30-SHARE SENSEX PACK, 28 STOCKS ROSE AND ONLY TWO OF THEM FELL. CIPLA TUMBLED 5.54% AND WAS THE TOP LOSER FROM THE SENSEX PACK. INDEX HEAVYWEIGHT AND CIGARETTE MAKER, ITC GAINED 1.78% TO RS 268.10. FMCG MAJOR, HINDUSTAN UNILEVER (HUL) ROSE 1.37% TO RS 547.40. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) JUMPED 5.72%.ICICI BANK SURGED 6.95%.HDFC BANK GAINED 3.5%.INDIA'S LARGEST BANK BY BRANCH NETWORK SBI ROSE 3.96%.

EXPERT OPINION
NIFTY WEEKLY PIVOTS

NIFTY
Nifty looks Upwards Strategy: Buy on Dips Support: 5240 Resistance: 5750

BANK NIFTY
Bank Nifty looks Upwards Strategy: Buy on dips Support: 9780 Resistance:11095

NIFTY WEELY PIVOTS


PIVOTS NIFTY R4 6260 R3 6006 R2 5752 R1 5664 PP 5498 S1 5410 S2 5244 S3 4990 S4 4736

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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

Hindalco Tata Motors IDFC Tata Steel L&T

118.35 270.30 138.95 405.00 1490.00

4982.32 13269.04 8581.81 7130.70 1715.81

105.15 243.30 127.25 370.90 1368.20

13.20 27.00 11.70 34.10 121.80

12.55 11.10 9.19 9.19 8.90

WEEKLY NIFTY LOOSERS


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

Cipla NTPC Power Grid Ranbaxy Labs. Siemens

369.30 168.30 120.00 540.95 672.55

2121.09 1851.78 726.99 1222.67 76.01

381.30 172.25 121.90 546.95 678.95

-12.00 -3.95 -1.90 -6.00 -6.40

-3.15 -2.29 -1.56 -1.10 -0.94

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