weekly-equity-report by epicresearch 27 may 2013

7/30/2019 Weekly-equity-report by EPICRESEARCH 27 MAY 2013

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WEEKLYNEWS

RIL-BP make huge gas discovery in KG

block

Reliance Industries (RIL) on Friday announced a h

natural gas discovery, possibly the biggest find eve

the flagging eastern offshore KG-D6 block that wi

key to arresting falling output. RIL and its partner BP

of UK encountered 155 metres of gas pay zone in

first exploration well drilled on the block in more

five years. "The KGD6-MJ1 well was drilled in a w

depth of 1,024 metres - and to a total depth of 4

metres (4.5 kilometres below seabed)," RIL-BP said

statement.The well was drilled to explore

prospectivity of a Mesozoic synrift clastic reservoir

over 2,000 metres below the already produ

reservoirs in the Dhirubhai-1 and 3 (D1&D3) gas fiel

Crompton Greaves Q4 net plunges 75% to

25 cr

Engineering major Crompton Greaves ' fourth qu

consolidated net profit plunged 75 percent to Rs

crore from Rs 100 crore, a year ago on accoun

higher expenses. The company posted 10 per

growth in its net sales at Rs 3387 crore compared to

3087 crore in the same quarter last fiscal.T

expenses of the company also shot up by more tha

percent from Rs 2928.07 crore to Rs 3354.69 c

mainly on higher inventories which accounted fo

176.92 crore.

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WEEKLY EQUITY

NEWSLETTER27

THMAY 2013

MARKET UPDATE:-

Ni fty dow n by 204 pts

and set tle at 5983.00

Bank Ni f ty d own by 548pts at 12769.35
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NIFTY WEEKLY PIVOTS

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MARKETANALYSIS KEY BENCHMARK INDICES SNAPPED FIVE-WEEK RISING TREND AS PROFIT BOOKING EMERGED AT HIGHE

LEVELS.SENTIMENT WAS IMPACTED BY POOR EARNINGS FROM FRONTLINE COMPANIES L&T AND SBI.WEAK GLOBAL CUES AFTER DISAPPOINTING DATA FROM CHINA AND COMMENTS FROM THE USFEDERARESERVE ABOUT TAPERING ITS STIMULUS PROGRAM ALSO DAMPENED SENTIMENT.THE MARKETDECLINED IN FOUR OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY,24MAY2013.IN THE

WEEK ENDED FRIDAY,24MAY2013, THE 30-SHARE S&PBSESENSEX FELL 581.79 POINTS OR2.87%19,704.33.THE 50-UNIT CNXNIFTY DECLINED 203.75 POINTS OR3.29% TO 5,983.55.

THE BSEMID-CAP INDEX FELL 3.43% AND THE BSESMALL-CAP INDEX DECLINED 3.33%.BOTH THEINDICES UNDERPERFORMED THE SENSEX.

KEY BENCHMARK INDICES SNAPPED FOUR-DAY WINNING STREAK ON MONDAY,20MAY2013.THE S&PBSESENSEX WAS DOWN 62.14 POINTS OR0.31% TO 20,223.98, ITS LOWEST CLOSING LEVEL SINCE 15MAY2013.

KEY BENCHMARK INDICES DECLINED ON TUESDAY,21MAY2013 WEIGHED BY WEAKNESS IN EUROPEANANDASIAN EQUITIES AND LOWERUS INDEX FUTURES.THE S&PBSESENSEX WAS DOWN 112.37 POINTOR0.56% TO 20,111.61, ITS LOWEST CLOSING LEVEL SINCE 14MAY2013.

KEY BENCHMARK INDICES DROPPED ONWEDNESDAY,22MAY2013 AS WEAKNESS IN EUROPEAN

MARKETS WEIGHED ON SENTIMENT ADVERSELY.THE S&PBSESENSEX WAS DOWN 49.37 POINTS OR0.25% TO 20,062.24, ITS LOWEST CLOSING LEVEL SINCE 14MAY2013.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Bearish Bank Nifty looks Bearish

Strategy: Sell on rise Strategy: Sell on rise

Support: 5940 Support: 12700

Resistance: 6020 Resistance: 12850

NIFTY WEEKLY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6928 6635 6342 6162 6049 6869 5756 5463 5170
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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART
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GAINERS AND LOOSERS

WEEKLY NIFTY GA INERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

Coal India 310.15 1472.28 297.50 12.65 4.25

HCL Tech. 737.55 1600.90 719.95 17.60 2.44Tata Steel 313.00 3170.56 311.85 1.15 0.37

HDFC 906.05 2665.79 903.35 2.70 0.30

Sun Pharma 968.85 414.81 966.15 2.70 0.28

WEEKL Y NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

JP Associate 68.00 28984.10 82.30 -14.30 -17.38

Ranbaxy Labs. 389.70 684.91 471.50 -81.80 -17.35

DLF 211.90 6458.96 249.65 -37.75 -15.12

Reliance Infra 376.15 3363.19 426.65 -50.50 -11.84

SBI 2151.20 1689.33 2424.85 -273.65 -11.29

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weekly-equity-report by epicresearch 27 may 2013

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