Market summary pptx for the week ended 13-9-2013


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Market summary pptx for the week ended 13-9-2013

  1. 1. India MarketSummary fortheweekended 13-9-2013 I Review of the Week Market review for the week ended 13 September 2013 • The market surged in a truncated trading week on recent sharp recovery of the rupee against the dollar and on receding geopolitical risks in Syria. • The market sentiment was also boosted by recent strong buying of Indian stocks by the foreign funds. • The market gained in two out of four trading sessions. • The stock market was closed on Monday, 9 September 2013, on account of Ganesh Chaturthi. • Sensex rose 2.4% to 19,732.76 and Nifty gained 2.99% to 5,850.60 in the week ended Friday, 13 September 2013 • From the 30-share Sensex pack, 25 stocks rose and only five of them fell. • The threat of an imminent US attack on Syria has eased and efforts are on for a diplomatic solution to the Syrian crisis. • US President Barack Obama said on 10 September 2013 that he was asking Congress to postpone the vote authorizing military action following a Russian- backed proposal to place Syria's chemical arsenal under international control. .
  2. 2. India MarketSummary fortheweekended 13-9-2013 Government Policies during the week  Prime Minister's Economic Advisory Council sharply trimmed India's GDP growth forecast to 5.3% for the year ending 31 March 2014 from earlier estimate of 6.4% and said that the current stance of monetary policy has to continue until stability in the rupee is achieved  The Reserve Bank of India (RBI) on Tuesday said that banks can raise funds overseas above 50% of their Tier I capital with a minimum maturity of three years and swap these borrowings with the central bank at a concessional rate for one to three years  Oil secretary Vivek Rae said that the government will decide on raising the retail prices of diesel and cooking gas (LPG) in a few weeks Economic data  India's trade deficit narrowed to $10.9 billion in August, helped by a double digit rise in merchandise exports, offering some respite for the troubled rupee currency. Merchandise exports rose 12.97% in August to $26.14 billion from a year earlier. Imports fell 0.68% year-on-year to $37.05 billion.  Industrial production rose 2.6% in July 2013 as against a contraction of 1.8% in June 2013  The rate of inflation based on the combined consumer price index (CPI) for urban and rural India decelerated to 9.52% in August 2013 from 9.64% in July 2013
  3. 3. Corporate Announcements  Index heavyweight and cigarette major ITC gained 4.85%. Another index heavyweight Reliance Industries (RIL) rose 0.66%.  Most IT stocks declined on recent strong rebound of the rupee against the dollar. A firm rupee adversely affects operating profit margins of IT firms as the sector derives a lion's share of revenue from exports.  Wipro lost 2.79%. The stock was the biggest loser from the Sensex pack.  TCS shed 1.88%. The company has bagged a five-year multi-million euros deal from Scandinavian Airlines (SAS) to help transform and optimise SAS' IT processes, applications and infrastructure.  Infosys rose 0.24%. Infosys BPO announced that it has been selected by AkzoNobel, a leading global paint and coatings company and a major producer of specialty chemicals, to transform its finance and accounting (F&A) processes to deliver higher operational efficiencies and performance.  Mahindra & Mahindra rose 7.63%. The company said that it has crossed yet another milestone with over 4 lakh sales of its special utility vehicle (SUV), Scorpio.  Tata Motors rose 4.89% after the company's unit Jaguar Land Rover (JLR) reported 28% rise in sales to 27,852 vehicles in August 2013 over August 2012.  Tata Power Company jumped 10.37%.  NTPC rose 5.03%. The company has entered into a commercial interest reference rate based fixed interest rate facility for euro 52 million with KfW, the German government developmental financial institution on 12 September 2013
  4. 4. India MarketSummary fortheweekended 13-9-2013 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE Sep 13, 2013 (Rs) Sep 6, 2013 (Rs) (%) PNB 514 447.45 14.90% DLF LTD 156.85 137.9 13.70% AXIS BANK 1,059.60 952.4 11.30% L&T 836.4 754.1 10.90% TATA POWER 78.4 70.8 10.70% COMPANY PRICE ON PRICE ON CHANGE Sep 13, 2013 (Rs) Sep 6, 2013 (Rs) (%) CAIRN INDIA 320.4 332.3 -3.60% INDUSIND BANK 400.1 413.25 -3.20% ONGC 282.7 288.3 -1.90% TCS 1,953.75 1,988.80 -1.80% ICICI BANK 941.95 958.4 -1.70%
  5. 5. India MarketSummary fortheweekended 13-9-2013 II Forth coming week Government policies / announcements  The Reserve Bank of India will release a Mid-Quarter Review of Monetary Policy 2013-14 at 11:00 IST on Friday, 20 September 2013  The data on advance tax paid by Indian corporates in the second quarter will be out on Sunday, 15 September 2013 Economic data  The government unveils data of inflation based on the wholesale price index (WPI) for August 2013 on Monday, 16 September 2013
  6. 6. India MarketSummary fortheweekended 13-9-2013 Market outlook • The data on WPI for August 2013, the outcome of Federal Reserve's policy meeting and the outcome of Reserve Bank of India's mid-quarter review of monetary policy 2013-14 will dictate trend on the bourses. • The data on advance tax paid by Indian corporates in the second quarter will be out on Sunday, 15 September 2013. • The rupee movement will be tracked closely after it has shown signs of recovery after a steep slide. • Investors across the globe are eyeing the next policy meeting of the Federal Open Market Committee (FOMC) scheduled next week, considered by many to provide an indication on the timing and size of the Fed's cutbacks in its bond-purchase program. • Investors will closely follow political developments in Syria. Geopolitical concerns took centre stage after the US president Barack Obama professed a limited military strike on Syria sighting use of chemical weapons on Syrian civilians by the Assad regime
  7. 7. India MarketSummary fortheweekended 13-9-2013 Sector Outlook Automobile • Two-Wheeler stocks may rose on expectations of pickup in sales during the upcoming festive season and on hopes good rains this year will boost rural sales. The festive season starts with the Durga Puja in October. • You can buy the following stocks at declines • Hero motor • M&M Power generation • Power generation stocks may rose on reports that the power ministry has made a proposal to mix imported and locally produced natural gas and supply it to electricity producers at a subsidized price. It may help to boost power production • You can buy the following stocks Tata power NTPC
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