WEEKLY NEWS

Creditors ask KFA to shut shop or pay up Rs

300cr
Kingfisher Airlines' promoter Vijay Mallya's woes seem to see no end in sight. As United Spirits ' much-awaited deal with Diageo is nearing fruition, one of the final hurdles on the way is the winding up petition that eight creditors have filed against the company. These creditors, including BNP Paribas, Rolls Royce and Wells Fargo Bank have filed the petition against UB Holdings in the Karnataka High Court.The creditors are alleging that the company owes them over Rs 300 crores while UB Holdings has sought the court's permission for the

WEEKLY EQUITY NEWSLETTER

29 APRIL 2013
TH

stake sale to Diageo. RBI Credit Policy: Raghuram Rajan says there

is case for interest rate cut

Ahead of the annual monetary policy review of the RBI , chief economic advisor Raghuram Rajan on Friday said there is a scope for interest rate cut as the core inflation has come down and there is a need to push growth.The

MARKET UPDATE: Nifty up by 88 pts and settle at 5871.45 Bank Nifty up by 245 pts at 12533.15

RBI is slated to announce monetary policy for 2013-14 on May 3. "The Rabi crop is likely to be good one. That will help bring inflation down. So as inflation comes down, there is case for RBI to cut interest rate. I think, we have a case for stronger growth," Rajan said at an event here.Wholesale Price Index (WPI) for the month ended March moderated to three-year low of 5.96 percent against Reserve Bank's projection of 6.8 percent.In its last policy review in March, RBI slashed short-term lending rate by 0.25 per cent to 7.5 percent. Accordingly, the short-term borrowing rate came down to 6.5 percent.

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09752199966

MARKET ANALYSIS

KEY BENCHMARK INDICES EDGED HIGHER IN THE WEEK ENDED FRIDAY, 26 APRIL 2013 EDGED HIGHER AS SLOWING WHOLESALE PRICE INFLATION HAS RAISED RATE CUT EXPECTATIONS. FIRM GLOBAL STOCKS ALSO BOOSTED SENTIMENT. THE MARKET GAINED IN THREE OUT OF FOUR TRADING SESSIONS IN THE WEEK JUST GONE BY. THE S&P BSE MID-CAP AND THE S&P BSE SMALL-CAP INDICES UNDERPERFORMED THE SENSEX DURING THE WEEK. IT STOCKS WERE THE KEY LOSERS DURING THE WEEK ON WEAK ECONOMIC DATA IN THE US, THE BIGGEST OUTSOURCING MARKET FOR THE INDIAN IT FIRMS. AMONG STOCK-SPECIFIC ACTIVITY, MARUTI SUZUKI INDIA SURGED AFTER THE COMPANY REPORTED STRONG Q4 RESULTS DURING MARKET HOURS ON FRIDAY, 26 APRIL 2013. INDEX HEAVYWEIGHT AND CIGARETTE MAJOR ITC HIT RECORD HIGH IN INTRADAY TRADE ON THURSDAY, 25 APRIL 2013. PHARMA MAJOR SUN PHARMACEUTICAL INDUSTRIES HIT A RECORD HIGH IN INTRADAY TRADE ON THURSDAY, 25 APRIL 2013. ANOTHER PHARMA MAJOR DR REDDY'S LABORATORIES, TOO, SCALED A RECORD HIGH IN INTRADAY TRADE ON FRIDAY, 26 APRIL 2013. JINDAL STEEL AND POWER (JSPL) SLUMPED ON WEAK Q4 RESULTS ANNOUNCED AFTER MARKET HOURS ON THURSDAY, 25 APRIL 2013. FOREIGN INSTITUTIONAL INVESTORS (FIIS) HAVE BOUGHT SHARES WORTH RS 2903.80 CRORE IN APRIL 2013 SO FAR (TILL 23 APRIL 2013). FIIS HAD PURCHASED SHARES WORTH RS 9124.30 CRORE IN MARCH 2013. FROM 30-SHARE SENSEX PACK, 21 STOCKS DECLINED AND REST OF THEM GAINED THE WEEK ENDED FRIDAY, 26 APRIL 2013.

EXPERT OPINION
NIFTY WEEKLY PIVOTS

NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5800 Resistance: 5920

BANK NIFTY
Bank Nifty looks Bearish Strategy: Sell on rise Support: 12480 Resistance: 12600

NIFTY WEEKLY PIVOTS

PIVOTS NIFTY R4 6266 R3 6131 R2 5966 R1 5933 PP 5861 S1 5798 S2 5726 S3 5591 S4 5456

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09752199966

 NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

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09752199966

 GAINERS AND LOOSERS

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

Axis Bank Maruti Suzuki Indusind Bank JP Associate L&T

. SCRIPS

1486.35 1673.15 458.15 75.00 1540.85

1498.10 682.01 1325.95 13495.36 1658.28

1203.20 1407.40 390.25 64.05 1320.30

283.15 265.75 67.90 10.95 220.55

23.53 18.88 17.40 17.10 16.70

WEEKLY NIFTY LOOSERS

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

Infosys TCS HCL Tech. Jindal Steel HUL

2212.00 1369.35 684.25 314.95 465.05

1355.08 836.18 1126.89 2824.19 3098.31

2766.35 1497.40 740.50 332.65 472.15

-554.35 -128.05 -56.25 -17.70 -7.10

-20.04 -8.55 -7.60 -5.32 -1.50

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