WEEKLY NEWS

Indian economy to grow at 6.4% rate in 2013: United Nations

Indian economy is likely togrow at 6.4 per cent rate in 2013, outpacing the 6 per centexpansion in developing Asia-Pacific economies in the sameperiod, a United Nations report today said. "India is expected to recover from its relatively low5 per cent growth in 2012 to 6.4 per cent in 2013...Economicgrowth in the developing countries of Asia and the Pacific isprojected to inch up to 6 per cent in 2013," United Nations' Economic and Social Survey of Asia and the Pacific 2013 said.

WEEKLY EQUITY NEWSLETTER

22ND APRIL 2013

FY13 exports down to $300bn, trade deficit widens to $191bn

In the FY14 annual supplement of Foreign Trade Policy 2009-2014 announced today, commerce minister Anand Sharma said trade deficit had widened to USD 190.91 billion in the fiscal year 2013 versus 183.4 billion in the previous year. Exports for the year fell to 1.76 percent to

MARKET UPDATE: Nifty up by 255 pts and settle at 5783.10 Bank Nifty up by 878 pts at 12288.25

USD 300.6 billion. However, Sharma stressed that exports will play the lead role in stabilizing Indias current account deficit. The April-February trade deficit figure stands at USD 182 billion. Exports in March stood at USD 30.8 billion compared to USD 28.8 billion in the same month of previous year. Imports dipped by 2.87 per cent to USD 41.16 billion in March, leaving a trade deficit of USD 10.31 billion from USD 13.5 billion in March last year.

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MARKET ANALYSIS

KEY BENCHMARK INDICES JUMPED AS STEEP DROP IN GOLD AND OIL PRICES EASED CONCERNS OF HIGH
CURRENT ACCOUNT AND FISCAL DEFICIT AND DATA SHOWING EASING OF WHOLESALE PRICE INDEX TRIGGERED EXPECTATIONS OF AN INTEREST-RATE CUT BY THE RESERVE BANK OF INDIA (RBI). INTEREST RATE SENSITIVE AUTO, REALTY AND BANKING STOCKS LED THE RALLY. THE S&P BSE SENSEX HIT ITS HIGHEST LEVEL IN OVER 2 WEEKS ABOVE THE PSYCHOLOGICAL 19,000 MARK. THE CNX NIFTY HIT ITS HIGHEST LEVEL IN OVER 4 WEEKS. THE MARKET GAINED IN THREE OUT OF FOUR TRADING SESSIONS IN THE WEEK JUST GONE BY. THE S&P BSE SENSEX JUMPED 773.90 POINTS OR 4.24% TO 19,016.46, ITS HIGHEST CLOSING LEVEL SINCE 2 APRIL 2013. THE CNX NIFTY SURGED 254.55 POINTS OR 4.6% TO 5,783.10, ITS HIGHEST CLOSING LEVEL SINCE 18 MARCH 2013. FROM THE 30-SHARE SENSEX PACK, 24 STOCKS GAINED, 5 STOCKS FELL AND ONE STOCK WAS UNCHANGED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) GAINED 0.84%. RIL'S NET PROFIT JUMPED 31.9% TO RS 5589 CRORE ON 1.4% FALL IN TURNOVER TO RS 86618 CRORE IN Q4 MARCH 2013 OVER Q4 MARCH 2012. ON SEQUENTIAL BASIS, RIL'S NET PROFIT ROSE 1.58% TO RS 5589 CRORE ON 10.06% DECLINE IN TURNOVER TO RS 86618 CRORE IN Q4 MARCH 2013 OVER Q3 DECEMBER 2012. THE COMPANY ANNOUNCED Q4 MARCH 2013 RESULTS AFTER TRADING HOURS ON TUESDAY, 16 APRIL 2013.

EXPERT OPINION
NIFTY WEEKLY PIVOTS

NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5700 Resistance: 5850

BANK NIFTY
Bank Nifty looks Bearish Strategy: Sell on rise Support: 12200 Resistance: 12380

NIFTY WEEKLY PIVOTS

PIVOTS NIFTY R4 6559 R3 6265 R2 5971 R1 5854 PP 5677 S1 5560 S2 5383 S3 5089 S4 4795

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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

JP Associate Axis Bank SBI Indusind Bank IDFC

76.10 1429.40 2299.65 450.35 161.25

13495.36 1498.10 1825.29 1325.95 7114.34

64.05 1203.20 1988.25 390.25 141.80

12.05 226.20 311.40 60.10 19.45

18.81 18.80 15.66 15.40 13.72

. SCRIPS RATE

WEEKLY NIFTY LOOSERS

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

Infosys TCS Coal India Tata Steel HCL Tech.

2295.7 1452.75 299.6 299.8 736.25

1355.08 836.18 1790.73 3865.13 1126.89

2766.35 1497.4 306.5 304.4 740.5

-470.65 -44.65 -6.9 -4.6 -4.25

-17.01 -2.98 -2.25 -1.51 -0.57

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