WEEKLY NEWS Mining sector in limbo, enters 2013 fraught with
worries Year 2012 for India Inc was disastrous. It was failure after failure that hit the mining industry. First it was Karnataka where mining activates were banned and then Goa. The shortage of iron ore also affected the steel-makers. Input costs surged exponentially
SEBI's revised delisting norms: 45 cos assure of
compliance Delisting has been a sore point for every corporate looking to exit the markets. The process is so tedious,
WEEKLY EQUITY NEWSLETTER 24TH DECEMBER 2012
even bankers want it to be changed. But market regulator SEBI is in no hurry to review the process. CNBC-TV19’s Sajeet Manghat and
Ashmit Kumar
reports.
CCI dismisses plea against DLF Group Competition watchdog CCI has dismissed a plea for
MARKET UPDATE:-
investigating alleged abuse of market dominance by realty major DLF Group that was related to a
Nifty down by 13 pts and settle at 5847.70
commercial office project here.In an order released today, the CCI said that there is no need for proceeding with the plea against DLF Commercial Complexes Ltd
Bank Nifty down by 88 pts at 12315.05
for alleged abuse of dominance, while allotting office space in its DLF Tower project in West Delhi, as the company "was not dominant in the relevant market determined by the Commission".
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MARKET ANALYSIS THE MARKET DECLINED MARGINALLY LAST WEEK ON WEAK GLOBAL CUES AMID DIMMING HOPES THAT US POLITICIANS WILL REACH A DEBT DEAL BEFORE THE END OF THE YEAR. U NITED STATES IS THE WORLD'S BIGGEST ECONOMY. G AINS FUELLED BY HOPES OF NEW GOVERNMENT REFORMS ALSO SUBSIDED AS THE WINTER SESSION OF PARLIAMENT ENDED ON THURSDAY, 20 DECEMBER 2012. THE BSE SENSEX FELL 75.25 POINTS OR 0.39% TO 19,242 IN THE WEEK ENDED FRIDAY, 21 DECEMBER 2012. THE 50-UNIT S&P CNX NIFTY DECLINED 31.90 POINTS OR 0.54% TO 5,847.70 IN THE WEEK. AMONG THE 30-SENSEX SHARES, 20 ROSE AND THE REMAINING SHARES DECLINED. TATA STEEL (UP 8.13% TO RS 429.55), HINDALCO INDUSTRIES (UP 7.63% TO RS 129.15), JINDAL STEEL & POWER (UP 5.52% TO RS 454.25) AND STERLITE INDUSTRIES (INDIA) (UP 3.31% TO RS 116.95), EDGED HIGHER. P HARMA MAJOR CIPLA ROSE 3.68% TO RS 418.90. THE STOCK SCALED A RECORD HIGH OF RS 430 IN INTRADAY TRADE ON FRIDAY, 21 DECEMBER 2012. C OMMERCIAL VEHICLES MAJOR TATA MOTORS ROSE 2.57% TO RS 299.40. THE COMPANY EARLY THIS WEEK ANNOUNCED THE LAUNCH OF A NEW VARIANT OF ITS CROSSOVER VEHICLE TATA ARIA VIZ. TATA ARIA P URE LX WITH A BOUQUET OF FEATURES. MORTGAGE LENDER HDFC FELL 2.82% TO RS 828.35. INDIA'S SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT HDFC BANK SHED 1.80% TO RS 676.30.
.
EXPERT OPINION NIFTY WEEKLY PIVOTS
NIFTY
BANK NIFTY
Nifty looks Consolidate
Bank Nifty looks Consolidate
Strategy: Sell on rise
Strategy: Sell on rise
Support:5790
Support: 12115
Resistance: 5910
Resistance: 12515
NIFTY WEELY PIVOTS PIVOTS
R4
R3
R2
R1
PP
S1
S2
S3
S4
NIFTY
6217
6101
5985
5916
5869
5800
5753
5637
5521
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NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
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ďƒ˜ GAINERS AND LOOSERS WEEKLY NIFTY GAINERS SCRIPS
RATE
VOL. (000)
PR.
NET
CLOSE
CHANGE
% CHANGE
Tata Steel
430.70
2634.94
397.00
33.70
8.49
Hindalco Jindal Steel & Power Cipla
129.30
6224.17
119.95
9.35
7.79
454.55
3234.00
431.20
23.35
5.42
419.75
1224.62
403.00
16.75
4.16
Sesa Goa
194.70
1743.29
187.75
6.95
3.70
WEEKLY NIFTY LOOSERS
. SCRIPS
RATE
VOL.
PR. CLOSE
(000)
NET
% CHANGE
CHANGE
JP Associate
96.70
13739.47
101.50
-4.80
-4.73
Cairn India
312.00
1622.27
324.65
-12.65
-3.90
Ambuja Siemens ITC
199.75 659.40 287.05
2837.14 115.48 4475.19
206.45 680.65 295.95
-6.70 -21.25 -8.90
-3.25 -3.12 -3.01
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