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Market summary pptx for the week ended 6.12.2013


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  • 1. India Market Summary for the week ended 6-12-2013 I Review of the Week Market review for the week ended 6 December 2013 • The market edged higher last week after a series of exit polls predicted victory for Bharatiya Janata Party (BJP) in the Assembly elections held in four States. • Growth in second quarter GDP and the improvement in HSBC India manufacturing index for November also boosted the market. • Sensex, settled a tad below the psychological 21,000 mark, having alternately moved above and below that mark during the week. • The Sensex and Nifty, both, hit their highest closing level in almost five weeks. • Among the 30 Sensex shares, 18 stocks rose and the remaining stocks fell. • Sensex rose 0.98% to 20,996.53 and Nity rose 1.36% to 6,259.90 for the week ended 6 December 2013
  • 2. India Market Summary for the week ended 6-12-2013 Government Policies during the week  The BJP has emerged as the biggest winner in four key state elections, exit polls estimated on Wednesday a possible blow to the ruling Congress ahead of a general election due next year Economic data  The HSBC Manufacturing PMI, compiled by Markit, rose to 51.3 in November from October's 49.6  India's Gross Domestic Product (GDP) increased at improved pace of 4.8% in Q2 September 2013, compared with 4.4% growth recorded in Q1 June 2013  The fiscal deficit touched Rs 4.58 lakh crore during April-October 2013, or 84.4% of the full-year target.
  • 3. Corporate Announcements • • • • • • • • • • • • Tata Power surged 10.82%. It was top Sensex gainer last week. Select metal stocks edged higher as manufacturing in China continued to grow last month. Hindalco Industries (down 1.71%) and Sesa Sterlite (down 0.33%), edged lower. Capital goods stocks were in demand. State-run BHEL surged 9.80% Engineering and construction major Larsen & Toubro (L&T) jumped 5.10% Bank shares were in demand after a foreign brokerage upgraded target prices of select bank shares. ICICI Bank (up 7.01%), HDFC Bank (up 3.19%) and State Bank of India (up 2.21%), edged higher. The brokerage increased SBI's target price to Rs 2,200 from Rs 1,933. ICICI Bank's target price was raised to Rs 1,290 from Rs 1,250. IT major Wipro rose 4.76%. Wipro said it will discontinue manufacturing of Wipro branded desktops, laptops and servers in its endeavor to strengthen its position as a system integrator and increase its focus on IT solutions and services. Commercial vehicles major Tata Motors fell 1.91%. The company's British luxury car unit Jaguar Land Rover (JLR) on Thursday said it has decided to set up a manufacturing facility in Brazil following a landmark agreement between the company and state authorities to build a plant in the State of Rio de Janeiro. India's largest car maker by sales Maruti Suzuki India rose 1.23%. The company announced that production fell 10.25% to 93,900 units in November 2013 over November 2012. M&M rose 0.02%. The company that it would carry out preventive replacement of one part in its Scorpio Ex variant. This is in keeping with its customer centric approach as well as in compliance with the recently announced voluntary code on vehicle recall. Shares of two-wheeler makers were mixed. Hero MotoCorp rose 2.35%, while Bajaj Auto fell 1.04%. A foreign brokerage upgraded Hero MotoCorp to 'outperform' from 'sell'. The brokerage also upgraded Bajaj Auto to 'underperform' from 'sell'. FMCG stocks tumbled. FMCG major Hindustan Unilever (HUL) tumbled 5.65%. It was the top Sensex loser last week. India's largest cigarette maker by sales ITC fell 2.66% to Rs 311.65.
  • 4. India Market Summary for the week ended 6-12-2013 Top Gainers and Losers of the week (NSE) PRICE ON COMPANY TATA POWER AXIS BANK JINDAL STEEL BHEL PNB Dec 6, 2013 (Rs) 88.4 1,279.75 283.5 171.4 596.9 PRICE ON COMPANY HIND. UNILEVER ITC LTD DR. REDDYS LAB TATA MOTORS HINDALCO Dec 6, 2013 (Rs) 559.65 311.05 2,422.70 390.9 120.5 PRICE ON Nov 29, 2013 (Rs) 79.5 1,155.95 258.15 156.35 549.9 PRICE ON Nov 29, 2013 (Rs) 594.75 320.4 2,484.80 398.7 122.7 CHANGE (%) 11.20% 10.70% 9.80% 9.60% 8.50% CHANGE (%) -5.90% -2.90% -2.50% -2.00% -1.80%
  • 5. India Market Summary for the week ended 6-12-2013 II Forth coming week Government policies / announcements • Counting of votes for assembly elections in Delhi, Madhya Pradesh, Chhattisgarh and Rajasthan takes place on Sunday, 8 December 2013 • The winter session of parliament begins on Thursday, 5 December 2013. The session will end on 20 December 2013 Economic data • The government will unveil industrial production data for October 2013 on Thursday, 12 December 2013 • Data on inflation based on the general consumer price index (CPI) for November 2013 will be unveiled on Thursday, 12 December 2013
  • 6. India Market Summary for the week ended 6-12-2013 Market outlook • • • • • • Market braces for volatility during the forth coming week. High volatility is expected next week as the market will react sharply to the verdict of assembly elections in key states on Sunday, 8 December 2013. Investors are keeping a close watch on economic data in the United States as the Federal Reserve monitors the pace of recovery to gauge when it will begin to reduce monetary stimulus for the US economy, which has been aimed at encouraging growth. The US government will release the influential US non-farm payrolls data for November 2013 on Friday, 6 December 2013. The Fed has said improvement in the labor market is a key factor in its policy assessment. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year
  • 7. Commodity Market CP on 29.11.201 3 CP on 6.12.201 3 Commodity Contract % change Gold 05-Feb-14 29234 28954 -0.96% Silver 05-Mar-14 45844 44052 -3.91% Crude Oil 18-Dec-13 5839 5981 2.43%
  • 8. India Market Summary for the week ended 6-12-2013 Sector Outlook • Assembly elections in Delhi, Madhya Pradesh, Rajasthan, Chhattisgarh and Mizoram were held over the past few weeks. The elections were marked by record high turnout in most states. Counting of votes for assembly elections in Delhi, Madhya Pradesh, Chhattisgarh and Rajasthan takes place on Sunday, 8 December 2013. The market is already rallying in the hope of a single party win. If there is good news on the political front, then the markets may not react negatively to news on US Federal Reserve tapering. • However, investors can concentrate on IT and FMCG companies  Buy Tech Mahindra and HCL  Buy Hindunilever at declines
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