Marketsummarypptx fortheweekended 17.4.2014
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Marketsummarypptx fortheweekended 17.4.2014 Marketsummarypptx fortheweekended 17.4.2014 Presentation Transcript

  • India MarketSummary fortheweekended 18-4-2014 I Review of the Week Market review for the week ended 18 April 2014 • Market ends flat in truncated trading week. • Market ended almost unchanged in a truncated trading week ended Thursday, 17 April 2014. • Sensex logged marginal declines while Nifty settled a tad higher. • The market declined in two out of three trading sessions in the week just gone by. • Sensex fell 0.12 points to 22,628.84 and Nifty rose 3.10 points or 0.04% to 6,779.40 for the week ended Thursday, 17 April 2014. • Among the 30-share Sensex pack, 15 stocks gained and rest of them declined in the week
  • India MarketSummaryfortheweekended 18-4-2014 Government Policies during the week • Global credit rating agency Standard & Poor's (S&P) said on Tuesday, 15 April 2014, the direction and pace of policy reforms in India, more than which political party takes control after elections, will have a bearing on the sovereign rating. • Global credit rating agency Fitch Ratings after trading hours on Friday, 11 April 2014, affirmed India's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-'. • Private weather forecaster Skymet on Tuesday, 15 April 2014, said it expects the June-September monsoon to be below normal this year Economic data • The wholesale price index (WPI) accelerated to 5.7% in March 2014, from 4.68% in February 2014 • The rate on inflation based all India general consumer price index (CPI) combined for urban and rural India accelerated to 8.31% in March 2014, from 8.03% in February 2014, led by increase in food prices • CPI inflation eased to 9.5% for the year ended 31 March 2014 (FY 2014), from 10.2% for the year ended 31 March 2013 (FY 2013).
  • Corporate Announcements • HDFC (down 3.99%), Tata Power Company (down 2.95%) and NTPC (down 1.2%) edged lower from the Sensex pack. • Bharti Airtel (up 0.99%), ONGC (up 0.65%) and GAIL (India) (up 0.59%) edged higher from the Sensex pack. • ITC gained 2.71% and Reliance Industries (RIL) rose 0.61%. RIL unveils Q4 results on Friday, 18 April 2014. • Reliance Industries Ltd (RIL) posted a marginal rise in net profit for the fourth quarter ended March 31 at Rs 5,631 crore, a 0.8% increase from the Rs5,589 crore reported in the year-ago period. Turnover rose 13% to Rs97,807 crore. The board of directors has recommended a dividend of Rs9.50 per fully paid-up equity share of Rs10, aggregating Rs3,268 crore, including dividend distribution tax. • RIL said it has commissioned its new polyester filament yarn (PFY) facility at Silvassa. • Metal stocks were mostly lower. Sesa Sterlite declined 1.68%. Hindalco Industries rose 0.56%. • Tata Steel fell 0.3% after it said it completed the year ended 31 March 2014 (FY 2014) with an overall increase in production and sales volumes. Sales volume jumped 14% to 85.16 lakh tonnes in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013). Sales volume rose 6% to 24.07 lakh tonnes in Q4 March 2014 over Q4 March 2013. • Capital goods pivotals edged lower. L&T (down 2%) and Bharat Heavy Electricals (Bhel) (down 2.16%) declined. • Pharma stocks declined. Cipla fell 0.36%. Sun Pharmaceutical Industries shed 0.54%. • Dr. Reddy's Laboratories slipped 0.55%. The company said that it has launched Eszopiclone Tablets (C- IV) 1 mg, 2 mg and 3 mg, a therapeutic equivalent generic version of LUNESTA (eszopiclone) tablets C-IV in the US market on 15 April 2014 following the approval of the United States Food & Drug Administration (USFDA).
  • Corporate Announcements • Auto stocks edged higher. Maruti Suzuki India (up 0.86%), Bajaj Auto (up 0.45%) and Hero MotoCorp (up 2.12%) gained. Mahindra & Mahindra (M&M) shed 0.54%. • Tata Motors rose 1.27% to Rs 428.65. Tata Motors Group's global wholesales including Jaguar Land Rover declined 17.89% to 95,668 units in March 2014 over March 2013. Global wholesales of Jaguar Land Rover rose 1.47% to 43,311 units in March 2014 over March 2013 • Bank stocks were mixed. Among private sector banks, Axis Bank (down 2.05%) and HDFC Bank (down 2.61%) declined. ICICI Bank gained 2.14% to Rs 1,262 after hitting a 52-week high of Rs 1,273 in intraday trade on Thursday, 17 April 2014. • State Bank of India (SBI) advanced 1.17%. The state-run bank said that it has priced on 10 April 2014 and will issue $1.25 billion unsecured fixed rate notes in two tranches of $750 million having a maturity of 5 years at a coupon of 3.622% payable semi-annually and $500 million having a maturity of 10 years at a coupon of 4.875% payable semi-annually, pursuant to a standalone issue under Rule 144A/Regulation S of the US Securities Act of 1933 • IT stocks gained. Wipro rose 3.09% to Rs 585.55. The company declares its Q4 results on Thursday, 17 April 2014. • TCS gained 2.48%. TCS' consolidated net profit rose 2.3% to Rs 5297 crore on 1.2% growth in revenue to Rs 21551 crore in Q4 March 2014 over Q3 December 2013. Net profit jumped 37.5% to Rs 19117 crore on 29.9% growth in revenue to Rs 81809 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013). • Infosys dropped 1.42% 0. Infosys said its consolidated net profit rose 4.1% to Rs 2992 crore on 1.2% decline in revenue to Rs 12875 crore in Q4 March 2014 over Q3 December 2013. Infosys' non-operational income jumped 16.4% to Rs 851 crore in Q4 March 2014 over Q3 December 2013. The results are as per International Financial Reporting Standards.
  • India MarketSummary fortheweekended 18-4-2014 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE Apr 17, 2014 (Rs) Apr 10, 2014 (Rs) (%) UNITED SPIRITS 2,853.40 2,585.90 10.30% HCL TECH. 1,424.75 1,357.40 5.00% TCS 2,222.90 2,126.15 4.60% WIPRO 585.85 561.2 4.40% TECH MAHINDRA 1,771.80 1,708.20 3.70% COMPANY PRICE ON PRICE ON CHANGE Apr 17, 2014 (Rs) Apr 10, 2014 (Rs) (%) DLF LTD 159.65 178.60 -10.60% HDFC 879.80 927.25 -5.10% IDFC LIMITED 118.35 124.65 -5.10% TATA POWER 83.95 87.3 -3.80% L&T 1,268.95 1,314.25 -3.40%
  • India MarketSummary fortheweekended 18-4-2014 II Forth coming week Government policies / announcements • A major near term trigger for the stock market is the outcome of the upcoming Lok Sabha elections. The 36 days long voting process began on 7 April 2014 and will conclude on 12 May 2014. Economic data • The near month April 2014 F&O contracts expire on Wednesday, 23 April 2014 • The Federal Open Market Committee (FOMC) next undertakes monetary policy review at a two-day meeting on 29-30 April 2014.
  • India MarketSummary fortheweekended 18-4-2014 Market outlook  Expiry of near-month F&O contracts may trigger volatility during the forth coming week.  The next batch of Q4 and year ended 31 March 2014 (FY 2014) results will dictate near term trend on the bourses.  The market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month April 2014 series to May 2014 series.  The near month April 2014 F&O contracts expire on Wednesday, 23 April 2014.  The stock market remains closed on Thursday, 24 April 2014, on account of Parliamentary elections in Mumbai constituency.  Macroeconomic data, trend in investment by foreign institutional investors, trend in global markets, trend in other global emerging markets, the movement of rupee against the dollar and crude oil price movement hold key
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