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    Weekly Equity Newsletter

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    - S&P affirmed India's BBB- rating but maintained a negative outlook due to the large fiscal deficit, government debt, and stagnant economic development. S&P indicated a one-in-three chance of lowering the rating further in the next twelve months. - The Nifty gained 80 points to close at 6,187, while the Bank Nifty rose 517 points to 13,317.70. - ITC's Q4 net profit rose 19% to Rs. 1,928 crore, beating estimates, on strong growth in non-cigarette FMCG and agri businesses.

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    Weekly Equity Newsletter

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    - S&P affirmed India's BBB- rating but maintained a negative outlook due to the large fiscal deficit, government debt, and stagnant economic development. S&P indicated a one-in-three chance of lowering the rating further in the next twelve months. - The Nifty gained 80 points to close at 6,187, while the Bank Nifty rose 517 points to 13,317.70. - ITC's Q4 net profit rose 19% to Rs. 1,928 crore, beating estimates, on strong growth in non-cigarette FMCG and agri businesses.

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    - S&P affirmed India's BBB- rating but maintained a negative outlook due to the large fiscal deficit, government debt, and stagnant economic development. S&P indicated a one-in-three chance of lowering the rating further in the next twelve months. - The Nifty gained 80 points to close at 6,187, while the Bank Nifty rose 517 points to 13,317.70. - ITC's Q4 net profit rose 19% to Rs. 1,928 crore, beating estimates, on strong growth in non-cigarette FMCG and agri businesses.

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    17 views4 pages

    Weekly Equity Newsletter

    Uploaded by

    api-221305449
    - S&P affirmed India's BBB- rating but maintained a negative outlook due to the large fiscal deficit, government debt, and stagnant economic development. S&P indicated a one-in-three chance of lowering the rating further in the next twelve months. - The Nifty gained 80 points to close at 6,187, while the Bank Nifty rose 517 points to 13,317.70. - ITC's Q4 net profit rose 19% to Rs. 1,928 crore, beating estimates, on strong growth in non-cigarette FMCG and agri businesses.

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    of 4

    WEEKLY NEWS

    S&P affirms BBB - rating on India, hints at downgrade


    Rating agency Standard & Poors affirmed its triple B minus long-term and A-3 short-term unsolicited sovereign credit ratings on India . The outlook on the long-term rating remains negative. CNBC-TV18's

    Aakanksha Sethi reports.Despite the finance ministry making the pitch for an upgrade and the reform measures that have been undertaken in the last six months, S&P has maintained its outlook. The reason for this is the huge fiscal deficit, large government debt as well as the stagnancy in the level of Indias economic

    WEEKLY EQUITY NEWSLETTER


    20 MAY 2013
    TH

    development. About the current account deficit (CAD), it says that though it would be lower in this fiscal compared to the previous year, it was still a very large figure.The big downer came with S&P indicating that there was at least a one-in-three chance for India's ratings to be lowered further in the next twelve months. S&P said that the country's weak fiscal position and level of economic development weighed on the ratings.

    MARKET UPDATE: Nifty up by 80 pts and settle at 6187.00 Bank Nifty up by 517 pts at 13317.70
    ITC Q4 net rises 19%; non-cigarette FMCG biz

    breaks even
    India's largest cigarettes company ITC beat street expectations on Friday as fourth quarter net profit rose 19 percent year-on-year to Rs 1,928 crore, helped especially by strong growth in the other FMCG and agri businesses. The company's net sales for the threemonth period were also better-than-expected, up 19 percent from a year ago to Rs 8,180 crore.

    http://www.epicresearch.co 09993959693

    09752199966

    MARKET ANALYSIS

    KEY BENCHMARK INDICES LOGGED GAINS FOR FIFTH WEEK IN A ROW AS DATA SHOWING A SHARP FALL IN WHOLESALE PRICE INFLATION IN APRIL 2013 RAISED HOPES THAT THE RESERVE BANK OF INDIA (RBI) MAY FURTHER CUT POLICY RATES TO PERK UP ECONOMIC GROWTH. THE MARKET GAINED IN FOUR OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY, 17 MAY 2013. IN THE WEEK ENDED FRIDAY, 17 MAY 2013, THE 30-SHARE S&P BSE SENSEX GAINED 163.80 POINTS OR 0.81% TO 20,286.12. THE 50-UNIT CNX NIFTY ROSE 80.05 POINTS OR 1.31% TO 6,187.30. THE BSE MID-CAP INDEX ADVANCED 1.14% AND THE BSE SMALL-CAP INDEX ROSE 0.21%. A SHARP FALL IN WHOLESALE PRICE INFLATION IN APRIL 2013, RAISING HOPES THAT THE RESERVE BANK OF INDIA (RBI) MAY FURTHER CUT POLICY RATES TO PERK UP ECONOMIC GROWTH. GAINS IN ASIAN AND EUROPEAN STOCKS ALSO LIFTED SENTIMENT. THE S&P BSE SENSEX JUMPED 490.67 POINTS OR 2.49% TO SETTLE AT 20,212.96, ITS HIGHEST CLOSING LEVEL SINCE 5 JANUARY 2011. FROM 30-SHARE SENSEX PACK, 16 STOCKS DECLINED AND REST OF THEM ADVANCED IN THE WEEK ENDED FRIDAY, 17 MAY 2013. BHARTI AIRTEL (DOWN 2.91%), GAIL (INDIA) (DOWN 1.53%) AND HERO MOTOCORP (DOWN 1.43%) EDGED LOWER FROM THE SENSEX PACK ONGC (UP 3.55%), NTPC (UP 3.67%) AND L&T (UP 3.83%) EDGED HIGHER FROM THE SENSEX INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) ADVANCED 2.59% TO RS 834.40.

    EXPERT OPINION
    NIFTY WEEKLY PIVOTS

    NIFTY
    Nifty looks Bearish Strategy: Sell on rise Support: 6130 Resistance: 6230

    BANK NIFTY
    Bank Nifty looks Bearish Strategy: Sell on rise Support: 13230 Resistance: 13400

    NIFTY WEEKLY PIVOTS


    PIVOTS NIFTY R4 6573 R3 6396 R2 6219 R1 6156 PP 6042 S1 5979 S2 5865 S3 5688 S4 5511

    http://www.epicresearch.co

    09752199966

    NIFTY WEEKLY CHART

    WEEKLY BANK NIFTY CHART

    http://www.epicresearch.co

    09752199966

    GAINERS AND LOOSERS


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

    BHEL JP Associate DLF Reliance Infra NTPC

    201.9 82.3 249.65 426.65 159.9

    4530.69 28984.1 6458.96 3363.19 7327.67

    193.7 80.05 242.9 416.8 156.45

    8.2 2.25 6.75 9.85 3.45

    4.23 2.81 2.78 2.36 2.21

    WEEKLY NIFTY LOOSERS


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

    HCL Tech. Indusind Bank Dr Reddys Lab Bharti Airtel NMDC

    719.95 511.1 2078.3 315.55 122.35

    1600.9 1790.26 248.62 2675.84 4076.03

    738.9 524.55 2118.95 321.5 124.55

    -18.95 -13.45 -40.65 -5.95 -2.2

    -2.56 -2.56 -1.92 -1.85 -1.77

    Disclaimer
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