WEEKLY NEWS DoT looking to start 2G spectrum auction from March 11 The second round of auction for selling unsold telecom spectrum is likely to start from March 11 with a lower base price. According to sources, "stiff timeline has been drawn taking into account the EGoM decision dated December 7, 2012 that all effort should be made to complete the process during the current financial year."The timeline of the second auction is likely to be discussed by the Empowered Group of Ministers on telecom in its scheduled meet on January 7. Sources said that auction is proposed to start from March 11 for
WEEKLY EQUITY NEWSLETTER
unsold spectrum in 1800 Mhz and airwaves in 900 Mhz band held by telecom companies whose licences are coming up for renewal in 2014.
TH
7 JANUARY 2012 Govt eyes to meet disinvestment target via PSU
ETF In a bid to meet its disinvestment target; the government
MARKET UPDATE:Nifty up by 115 pts and settle at 6016.15
is pulling out all the stops including the introduction of a Exchange Traded Fund for PSUs, report Sajeet Manghat and Sandeep Srikanth of CNBC-TV18.The finance ministry is forging ahead to introduce an exchange traded fund for PSU's. Designed on the lines
Bank Nifty up by 345 pts at 12787.35
of the Hong Kong Tracker, in consultation with ICICI Securities, the PSU ETF will allow the government to monetise
its
shareholdings
in
the
companies.
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public
sector
MARKET ANALYSIS KEY
BENCHMARK INDICES SURGED TO ATTAIN THEIR HIGHEST LEVEL IN NEARLY TWO YEARS AFTER A SURVEY SHOWED STRONG GROWTH IN BOTH THE SERVICES AND MANUFACTURING SECTORS IN DECEMBER 2012. THE MARKET SENTIMENT WAS ALSO BOOSTED AFTER US LAWMAKERS REACHING A LAST-MINUTE DEAL TO AVERT THE SO-CALLED FISCAL CLIFF. BSE SENSEX, JUMPED 339.24 POINTS OR 1.74% TO 19,784.08 THE S&P CNX NIFTY ROSE 107.80 POINTS OR 1.82% TO SETTLE AT 6,016.15 FROM THE 30-SHARE SENSEX PACK, 26 STOCKS ROSE AND ONLY FOUR OF THEM FELL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) ROSE 2.43%INDEX HEAVYWEIGHT AND CIGARETTE MAKER ITC SHED 2.33% TO RS 282.40. FMCG MAJOR, HINDUSTAN UNILEVER GAINED 2.51%.IT PIVOTALS ROSE AS US LAWMAKERS EARLY THIS WEEK REACHED A LAST-MINUTE DEAL TO AVERT THE FISCAL CLIFF. US IS THE BIGGEST OUTSOURCING MARKET FOR THE INDIAN IT FIRMS. IT MAJOR TATA CONSULTANCY SERVICES (TCS) ROSE 2.54%.INFOSYS ANNOUNCES Q3 RESULTS ON 11 JANUARY 2013BANK STOCKS ROSE ACROSS THE BOARD. SHARES OF BANKING GIANT STATE BANK OF INDIA (SBI) ROSE 4.5% TO RS 2,484.80INDIA'S LARGEST PRIVATE SECTOR BANK BY NET PROFIT ICICI BANK ROSE 3.5% TO RS 1,182.20. THE STOCK STRUCK A 52-WEEK HIGH OF RS 1,184.75 IN INTRADAY TRADE FRIDAY, 4 JANUARY 2013.
.
EXPERT OPINION NIFTY WEEKLY PIVOTS
NIFTY
BANK NIFTY
Nifty looks Consolidate
Bank Nifty looks Consolidate
Strategy: Sell on rise
Strategy: Sell on rise
Support:5960
Support: 12590
Resistance: 6080
Resistance: 12790
NIFTY WEELY PIVOTS PIVOTS
R4
R3
R2
R1
PP
S1
S2
S3
S4
NIFTY
6346
6223
6100
6058
5977
5935
5854
5731
5608
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NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART http://www.epicresearch.co
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ďƒ˜ GAINERS AND LOOSERS WEEKLY NIFTY GAINERS SCRIPS
RATE
VOL. (000)
PR.
NET
CLOSE
CHANGE
% CHANGE
Cairn India
337.15
4098.72
327.50
9.65
2.95
GAIL India BPCL ONGC BHEL
371.15 374.00 284.80 242.80
1861.66 1782.49 7743.59 3206.30
363.35 366.25 279.80 238.80
7.80 7.75 5.00 4.00
2.15 2.12 1.79 1.68
WEEKLY NIFTY LOOSERS . SCRIPS
RATE
VOL.
PR. CLOSE
(000)
Tata Steel
NET
% CHANGE
CHANGE
433.50
3645.03
442.30
-8.80
-1.99
457.80
2923.99
466.35
-8.55
-1.83
132.55
5798.69
134.40
-1.85
-1.38
Sesa Goa
201.70
1375.96
204.40
-2.70
-1.32
HDFC
837.70
2043.11
845.50
-7.80
-0.92
Jindal Steel & Power Hindalco
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