WEEKLY NEWS

Budget 2013: Mauritius shouldn't be preferred route of investment: FM

Clarifying the government's stance on the Double Taxation Avoidance Agreements (DTAA), the Finance Minister P Chidambaram said that Mauritius should not be the preferred route of investment."Investment comes from over a 100 countries, so I don't think Mauritius can or should be the preferred route for investment. There are other routes for investment but Mauritius does give a certain advantage to the investor today. If the advantage is enjoyed by genuine Mauritius resident or businessmen, then we have no complaint," he

WEEKLY EQUITY NEWSLETTER

4 MARCH 2013
TH

elaborated

IOC hikes petrol price by Rs 1.40 per litre

Petrol price was today hiked by Rs 1.40 per litre, the second big increase in rates in as many weeks. A rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in

MARKET UPDATE: Nifty down by 151 pts and settle at 5719.70 Bank Nifty down by 579 pts at 11540.05

price of petrol with effect from midnight tonight, said a statement by Indian Oil Corporation

Hero MotoCorp reports 4% fall in February sales

ountry's largest two-wheeler maker Hero MotoCorp today reported a decrease of 4.24 per centin its sales at 5,01,271 units in February 2013. The company had sold 5,23,465 units in February 2012, Hero MotoCorp said in a statement.Also read: Labour pangs for Hero

Motocorp; 5 workers on hunger strikeHero MotoCorp

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MARKET ANALYSIS

KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY, 1 MARCH 2013 AFTER THE FINANCE MINISTER P CHIDAMBARAM ANNOUNCED HIKE IN SURCHARGE ON CORPORATE TAX FOR DOMESTIC COMPANIES AND DIVIDEND DISTRIBUTION TAX IN BUDGET 2013-14. THE S&P BSE SENSEX DROPPED BELOW THE PSYCHOLOGICAL 19,000 MARK DURING THE WEEK. INDIAN STOCKS FELL IN TWO OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY, 1 MARCH 2013. THE BSE MID-CAP AND THE BSE SMALL-CAP INDICES WITNESSED MAJOR SELLING PRESSURE DURING THE WEEK IN THE WEEK ENDED FRIDAY, 1 MARCH 2013, THE 30-SHARE S&P BSE SENSEX FELL 398.49 POINTS OR 2.06% TO 18,918.52. THE 50-UNIT CNX NIFTY FELL 130.60 POINTS OR 2.23% TO 5,719.70. THE S&P BSE MID-CAP INDEX DECLINED 4.36% AND THE S&P BSE SMALL-CAP INDEX FELL 5.63%. BOTH THESE INDICES UNDERPERFORMED THE SENSEX.FROM 30-SHARE SENSEX PACK, 19 STOCKS DECLINED AND REST OF THEM ROSE. COAL INDIA (DOWN 5.46%), HDFC (DOWN 3.23%) AND DR REDDY'S LABORATORIES (DOWN 4.35%) EDGED LOWER FROM THE SENSEX PACK. BANKS STOCKS DECLINED. ICICI BANK FELL 3.23%. HDFC BANK DECLINED 5.79%. METAL STOCKS WERE MOSTLY LOWER. HINDALCO INDUSTRIES (DOWN 7.65%), STERLITE INDUSTRIES (INDIA) (DOWN 4.31%) AND TATA STEEL (DOWN 6.27%) DECLINED. JINDAL STEEL & POWER ROSE 0.39%.IT STOCKS ROSE ON WEAK RUPEE. A WEAK RUPEE BOOSTS REVENUE OF IT FIRMS IN RUPEE TERMS AS THE SECTOR DERIVES A LION'S SHARE OF REVENUE FROM EXPORTS.

EXPERT OPINION
NIFTY WEEKLY PIVOTS

NIFTY
Nifty looks Bearish Strategy: Sell on rise Support:5660 Resistance: 5780

BANK NIFTY
Bank Nifty looks Bearish Strategy: Sell on rise Support: 12440 Resistance: 11640

NIFTY WEEKLY PIVOTS

PIVOTS NIFTY R4 6643 R3 6336 R2 6029 R1 5874 PP 5722 S1 5567 S2 5415 S3 5108 S4 4801

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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

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 GAINERS AND LOOSERS

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

TCS JP Associate Infosys Bajaj Auto Wipro

1501.85 72.25 2913.80 2028.30 421.70

655.35 35866.74 1087.94 219.11 2171.76

1455.10 70.25 2840.55 1993.65 415.95

46.75 2.00 73.25 34.65 5.75

3.21 2.85 2.58 1.74 1.38

WEEKLY NIFTY LOOSERS

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

Siemens Reliance Infra DLF Hindalco PNB

495.20 433.25 259.35 98.95 788.65

152.46 1431.93 13577.50 8026.44 396.94

547.20 476.50 281.45 107.05 853.05

-52.00 -43.25 -22.10 -8.10 -64.40

-9.50 -9.08 -7.85 -7.57 -7.55

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