Market summary pptx for the week ended 3.1.2014

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Market summary pptx for the week ended 3.1.2014

  1. 1. India Market Summary for the week ended 3-1-2014 I Review of the Week Market review for the week ended 3 January 2014 • Market edged lower in the week ended Friday, 3 January 2014 to settle at over two-week low on weak domestic and global economic data. • The market declined in four out of five trading sessions in the week just gone by. • The BSE Mid-Cap and the BSE Small-Cap indices outperformed the Sensex during the week. • Sensex fell 1.61% to 20,851.33 and Nifty declined 1.62% to 6,211.15 in the week ended Friday, 3 January 2014. • Among the 30-share Sensex pack, 22 stocks declined and rest of them gained in the week ended Friday, 3 January 2014.
  2. 2. India Market Summary for the week ended 3-12-2014 Government Policies during the week • • • • • Ministry of Urban Development on Wednesday, 1 January 2014, said it has sanctioned buses to a total of 13 cities/cluster of cities after the Central Sanctioning & Monitoring Committee Meeting held on 31 December 2013. Telecom Regulatory Authority of India (TRAI) has released the Consultation Paper on ‘Reserve Price for Auction of Spectrum in the 800 MHz Band'. Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas on Wednesday, 1 January 2014, said that the under-recovery on High Speed Diesel (HSD) applicable for first fortnight of January 2014 fell to Rs 9.74 per/litre, from Rs 10.48 per litre RBI Governor Raghuram Rajan said that the commencement of tapering by the US Federal Reserve will mean a repricing of certain assets with consequent volatility in the global financial markets and that a potential additional source of uncertainty for India is the coming general election . Economic data • • • • Down slightly from 51.3 in November to 50.7 in December, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) signalled a second consecutive monthly improvement in business conditions The eight core industries with a combined weight of 37.90% in the Index of Industrial Production (IIP) has shown an increase of 1.7% in November 2013 The government's fiscal deficit touched Rs 5.1 lakh crore during April-November 2013, or 93.9% of the full-year target, raising concerns that India may overshoot its ambitious target of containing fiscal deficit at 4.8% of GDP this year Business Confidence Index (CII-BCI) rose sharply to 54.9% in Q3 December 2013, from 45.7% in Q2 September 2013.
  3. 3. Corporate Announcements • ITC fell 2.25% and Reliance Industries slipped 1.55% • Coal India lost 1.83%. The company said that the combined production of the company and its subsidiaries as per provisional figures was 99% of the target at 44.49 million tonnes in December 2013. The coal offtake was 99% of the target at 42.92 million tonnes in December 2013. • Metal and mining stocks dropped. Weak Chinese economic data weighed on metal stocks during the week. China is the world's largest consumer of copper and aluminum. Sesa Sterlite (down 1.29%), Tata Steel (down 2.68%), and Hindalco Industries (down 2.86%) edged lower. • Bank stocks edged lower. Prime Minister Dr. Manmohan Singh on Friday, 3 January 2014 expressed concern about the failure in controlling persistent inflation. • State Bank of India declined 3.04%. The state-run bank said that the Executive Committee of the Central Board has accorded its approval for the issuance and allotment of 1.12 crore equity shares at an issue price of Rs 1782.74 per share to the Government of India (GoI) on preferential basis. • AXIS Bank (down 2.52%), ICICI Bank (down 3.69%) and HDFC Bank (down 0.88%) declined. • Pharma pivotals were mostly lower. Cipla (down 3%) and Dr Reddy's Laboratories (down 0.82%) fell. Sun Pharmaceutical Industries rose 0.77%. • Capital goods pivotals dropped. Bhel (down 4.27%) and L&T (down 6.06%) declined.
  4. 4. Corporate Announcements • Auto stocks declined on weak December sales. Mahindra & Mahindra (M&M) lost 6.68%. M&M also said that its total auto sales declined 13% to 39,611 units in December 2013 over December 2012. • Tata Motors dropped 2.27%. The total sales (including exports) of Tata commercial and passenger vehicles plunged 42.28% at 37,852 units in December 2013 over December 2012. • Maruti Suzuki India rose 1.3%. The company on 1 January 2014 said that its total sales fell 4.4% to 90,924 units in December 2013 over December 2012. • Hero MotoCorp rose 0.46%. The company announced that its total sales fell 3.06% to 5.24 lakh units in December 2013 over December 2012. • Bajaj Auto slipped 1.86%. The company said that its total sales declined 13% to 2.97 lakh units in December 2013 over December 2012. • IT stocks rose. Wipro (up 0.31%) and TCS (up 2.92%) gained. • Infosys rose 0.09%. The company announced that it has appointed Mr. B. G. Srinivas and Mr. U. B. Pravin Rao as Presidents of the company, reporting to Mr. S. D. Shibulal, Chief Executive Officer & Managing Director. • Tata Power Company dropped 6.19%. Rejecting the contention of private power distributors, the Delhi government on Wednesday, 1 January 2014 ordered a CAG audit of their finances. Delhi Chief Minister Arvind Kejriwal had early this week announced that the power tariffs in Delhi will be slashed by 50% for up to 400 units. • ONGC (down 5.56%), NTPC (down 3.89%) and Hindustan Unilever (down 0.62%) edged lower from the Sensex pack. • .
  5. 5. India Market Summary for the week ended 3-1-2014 Top Gainers and Losers of the week (NSE) PRICE ON COMPANY RANBAXY LAB LUPIN LTD TCS MARUTI SUZUKI HCL TECH. Jan 3, 2014 (Rs) 478.65 932.9 2,222.20 1,798.60 1,259.75 PRICE ON COMPANY M&M BPCL TATA POWER L&T ONGC Jan 3, 2014 (Rs) 900.25 329.3 84.05 1,012.05 275.8 PRICE ON Dec 27, 2013 (Rs) 463.95 906.1 2,160.65 1,775.05 1,246.05 PRICE ON Dec 27, 2013 (Rs) 967.15 351.65 89.65 1,077.95 292.05 CHANGE (%) 3.20% 3.00% 2.80% 1.30% 1.10% CHANGE (%) -6.90% -6.40% -6.20% -6.10% -5.60%
  6. 6. India Market Summary for the week ended 3-1-2014 II Forth coming week Government policies / announcements • Nil Economic data • The government will unveil industrial production data for November 2013 on Friday, 10 January 2014 • Markit Economics will unveil the result of a monthly survey on the performance of India's services sector for December 2013 on 6 January 2014 • The next major trigger for the market in Q3 December 2013 corporate earnings. The Q3 earnings season will begin around midJanuary 2014 and continue till mid-February 2014 • The Q3 earnings season begins on Friday, 10 January 2014, the day when IT major Infosys and private sector bank IndusInd Bank unveil Q3 results
  7. 7. India Market Summary for the week ended 3-1-2014 Market outlook  Services sector data to be released and Infosys results will dictate near term market trend. The next major trigger for the market is Q3 December 2013 corporate earnings.  Investors and analysts will closely watch the management commentary that would accompany the results to see if there is any revision in their future earnings forecast of the company for the current year and/or the next year. The Q3 earnings season begins on Friday, 10 January 2014, the day when IT major Infosys and private sector bank IndusInd Bank unveil Q3 results.  Trend in investment by foreign institutional investors, trend in other global emerging markets and the movement of rupee against the dollar will dictate near term trend on the domestic bourses.  The reduced availability of cash in the global financial system could temper the flow of foreign money into India, which has been one of the biggest beneficiaries of foreign capital. The US Federal Reserve said after a two-day monetary policy review on 18 December 2013 that it will cut its monthly bond purchases to $75 billion from $85 billion starting in January 2014 amid an improved outlook for the job market in the world's largest economy. The US central bank is poised to continue winding down its stimulus measures gradually this year.
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