Weekly Equity Report by www.epicresearch.co - 25 th february 2013

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips ,mcx gold tips

indore, India (prHWY.com) February 25, 2013 - WEEKLY NEWS
* RBI issues guidelines for new banking licence
The much-awaited norms for new banking licence are finally out. The Reserve Bank of India (RBI) on Friday issued the final guidelines for licensing of new private sector banks wherein entities both from private and public sector shall be eligible to set up a bank through a wholly-owned non-operative financial holding company(NOFHC).The NOFHC shall be wholly owned by the promoter / promoter group. The NOFHC shall hold the bank as well as all the other financial services entities of the group.
* Auto exports to Europe set to get more expensive
Under the GSP scheme, exports from emerging economies were levied lower duties as compared to exports from developed economies. For instance, auto exports from emerging economies to European Union attracted a duty of 6.5 percent as compared to 10 percent from some of the other economie
* Tata Comm to raise Rs 1000cr via asset sale
Tata Communications joins the bandwagon of top corporates who are looking to raise funds through asset sale. The company wants to raise Rs 1000 crore via the sale of five properties. The company has hired two consulting firms in Mumbai. Three of these land parcels are located in Mumbai and are very much city centric based in BKC, Chembur and Andheri.
Market Analysis
* KEY BENCHMARK INDICES EDGED LOWER AS MINUTES FROM THE US FEDERAL RESERVE RELEASED ON WEDNESDAY, 20 FEBRUARY 2013, STOKED CONCERNS THAT POLICY MAKERS COULD PULL BACK ON THEIR MASSIVE QUANTITATIVE-EASING PROGRAM AS THE US CENTRAL BANK SAID THAT IT WOULD REVIEW THE PROGRAM IN MARCH 2013.INDIAN STOCKS ROSE IN THREE OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY, 22 FEBRUARY 2013.
* THE 30-SHARE S&P BSE SENSEX FELL 151.14 POINTS OR 0.78% TO 19317.01, ITS LOWEST CLOSING LEVEL SINCE 24 DECEMBER 2012.
* THE 50-UNIT CNX NIFTY FELL 37.10 POINTS OR 0.63% TO 5,850.30, ITS LOWEST CLOSING LEVEL SINCE 21 DECEMBER 2012.
* FROM 30-SHARE SENSEX PACK, 19 STOCKS DECLINED AND REST OF THEM ROSE. SUN PHARMACEUTICAL INDUSTRIES GAINED 3.21% TO RS 811.30. THE STOCK STRUCK A RECORD HIGH OF RS 814.20 IN INTRADAY TRADE FRIDAY, 22 FEBRUARY 2012.AMONG OTHER PHARMA STOCKS, CIPLA (DOWN 0.43%) AND DR REDDY'S LABORATORIES (DOWN 0.22%), EDGED LOWER. WIPRO JUMPED 4.19%AND WAS THE TOP GAINER FROM THE SENSEX PACK. THE NATIONAL STOCK EXCHANGE ON 13 FEBRUARY 2013 SAID IT HAS DECIDED TO REPLACE TWO STOCKS -- SIEMENS AND WIPRO -- WITH INDUSIND BANK AND NMDC IN THE 50 UNIT CNX NIFTY INDEX WITH EFFECT FROM 1 APRIL 2013. CAPITAL GOODS STOCKS EDGED LOWER. L&T DROPPED 0.65%.
MARKET UPDATE
* Nifty down by 38 pts and settle at 5850.30
* Bank Nifty down by 285 pts at 12068.95
Factors to watch
NIFTY

* Nifty looks Bearish
* Strategy: Sell on rise
* Support:5800
* Resistance: 5900
BANK NIFTY

* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 12140
* Resistance: 11980

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