Market summary pptx for the week ended 18-10-2013

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Market summary pptx for the week ended 18-10-2013

  1. 1. India Market Summary for the week ended 18-10-2013 I Review of the Week Market review for the week ended 18 October 2013 • Market gains during the week on bets Fed to delay taper. • Sustained buying by foreign institutional investors amid speculation that partial US government shutdown this month will curb economic growth in the world's biggest economy and lead the Federal Reserve to maintain monetary stimulus to the US economy into 2014 lifted Indian stocks during the truncated trading week. • The lion's part of the weekly gains materialized on the last trading session of the week i.e. on Friday. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. • Sensex jumped 1.73% to settle at 20,882.89 and Nifty jumped 1.52% to settle at 6,189.35 in the week ended Friday, 18 October 2013.
  2. 2. India Market Summary for the week ended 18-10-2013 Government Policies during the week • Reserve Bank of India Governor said that the economy will pick up by the year-end thanks to the start-up of billions of dollars worth of stalled resource projects and a good monsoon season that will bolster agricultural production Economic data • WPI inflation accelerated to 6.46% in September 2013, from 6.1% in August 2013. Core inflation accelerated to 2.06% in September 2013 from 1.97% in August 2013. Build up of inflation rate in the financial year so far was 5.64% compared to 4.84% in the corresponding period of the previous year. • The annual rate of inflation based on the combined consumer price index (CPI) for urban and rural India rose 9.84% in September 2013, from 9.52% in August 2013
  3. 3. Corporate Announcements • Some metal and mining shares rose sharply. Steel major Tata Steel jumped 6.72%. Sesa Sterlite jumped 6.6% • Bharti Airtel jumped 6.59% Reliance Industries (RIL) rose 4.9% • TCS dropped on profit taking after the IT major reported strong Q2 results. The company's consolidated net profit rose 20.7% to Rs 4633 crore on 16.6% growth in revenue to Rs 20977 crore in Q2 September 2013 over Q1 June 2013. • Wipro rose 3.81%. The company is scheduled to unveil Q2 September 2013 results on 22 October 2013. • Shares of index heavyweight and cigarette major ITC rose 3.5%. ONGC rose 2.75% . • HDFC Bank rose on strong Q2 results. HDFC Bank's net profit rose 27.07% to Rs 1982.32 crore on 17.65% rise in total income to Rs 11937.69 crore in Q2 September 2013 over Q2 September 2012. • Bajaj Auto rose 0.61% after net profit rose 13% to Rs 837 crore on 3% rise in turnover to Rs 5299 crore in Q2 September 2013 over Q2 September 2012
  4. 4. India Market Summary for the week ended 18-10-2013 Top Gainers and Losers of the week (NSE) PRICE ON JAIPRAKASH ASSO. BPCL TATA STEEL BHARTI AIRTEL SESA STERLITE COMPANY HCL TECH. INDUSIND BANK CIPLA GAIL TATA POWER Oct 18, 2013 (Rs) 47.05 362.2 328.9 356.75 194.9 Oct 11, 2013 (Rs) 39.75 338.95 307.9 334.55 183.2 PRICE ON COMPANY PRICE ON PRICE ON Oct 18, 2013 (Rs) 1,102.60 413.65 415.3 327.2 79.85 Oct 11, 2013 (Rs) 1,157.45 428 429.2 336.3 81.75 CHANGE (%) 18.40% 6.90% 6.80% 6.60% 6.40% CHANGE (%) -4.70% -3.40% -3.20% -2.70% -2.30%
  5. 5. India Market Summary for the week ended 18-10-2013 II Forth coming week Government policies / announcements • The next major event on the domestic front is the Reserve Bank of India's monetary policy review on 29 October 2013 Economic data • Nil
  6. 6. India Market Summary for the week ended 18-10-2013 Market outlook • Market may follow the next batch of Q2 results. Indian investors will focus on the likely impact of 16-day US government shutdown this month on monetary stimulus for the US economy. • Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The shutdown has shaved at least 0.6% from annualized US fourth-quarter GDP growth, global rating agency Standard & Poor's said on 16 October 2013. After risking a US default, US lawmakers on 16 October 2013 agreed to fund the government through Jan. 15 and suspend the debt limit through Feb. 7. • US President Barack Obama on 17 October 2013 said that the stalemate over US fiscal policy that shut the government for 16 days "encouraged our enemies" and slowed economic growth. • The Federal Open Market Committee (FOMC) holds a two-day policy meeting on 29-30 October 2013. On 18 September 2013, the Fed surprised economists and investors with its decision to delay scaling back its stimulus amid concerns about the strength of the economic recovery.
  7. 7. India Market Summary for the week ended 18-10-2013 Sector Outlook Market may follow the liquidity flows, global macros and local political changes. In near term, funds flow from foreign investors may continue due to delay of tapering programme by Fed, the debt crisis and RBI governor Raghuram Rajan effectively making case for the country at the IMF meet will benefit the environment. Based on latest quarter performance and future earnings expectations, investors can buy • Sesa Sterlite • Tata Global Beverage and • TNPL
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