Political developments in the us in focus
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Political developments in the us in focus

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Domestic macroeconomic data, political developments in the United States amid a partial shutdown of the US government, trend in investment of foreign institutional investors (FIIs) and second quarter ...

Domestic macroeconomic data, political developments in the United States amid a partial shutdown of the US government, trend in investment of foreign institutional investors (FIIs) and second quarter corporate earnings will dictate near term trend on the domestic bourses.

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Political developments in the us in focus Political developments in the us in focus Document Transcript

  • Equity Key Indices Level Change Change (%) Nifty 5907.30 74.10 1.27 Sensex 19915.95 241.57 1.23 Bank Nifty 10197.15 297.40 3.00 CNX IT 8352.35 185.80 2.28 NSE Midcap 7160.35 107.85 1.53 BSE Auto 11466.75 305.05 2.73 BSE FMCG 6798.73 -126.98 -1.83 BSE Metal 8729.94 149.27 1.74 BSE Oil & Ga 8403.91 41.79 0.50 BSE Power 1529.97 -16.97 -1.10 BSE PSU 5539.33 -23.02 -0.41 BSE Reality 1245.95 50.63 4.24 Top Gainer/ Loser BSE Level Change Change (%) ING Vysya Bk 571.90 82.10 16.76 Tata Com 215.30 30.80 16.69 BPCL 341.55 36.45 11.95 MRF 14359.50 1520.60 11.84 Britannia 832.65 80.40 10.69 Wockhardt 447.95 -134.30 -23.07 Gitanjali 53.10 -4.90 -8.45 Rcom 147.25 -13.55 -8.43 Godrej Ind 265.00 -22.10 -7.70 Berger 216.00 -15.00 -6.49 Global Markets Level Change Change (%) Asian Shanghai 2174.67 14.64 0.68 Nikkei 14024.31 -735.76 -4.98 HangSeng 23138.54 -68.50 -0.30 European FTSE 6,453.88 -58.78 -0.90 CAC 4,164.25 -22.52 -0.54 DAX 8,622.97 -38.54 -0.44 US DJIA 15,072.58 -185.66 -1.22 NASDAQ 3,807.75 26.16 0.69 . Technical View: - On the daily chart of nifty we can see nifty unable to break its resistance level of 5960. Currently nifty is trading above its 8 days, 13 days and 21 days EMA. Nifty can trade in the range of 5750-6000 levels in upcoming week. Investor with buy view should wait for breaking 6000 levels in upper side. om Weekly Outlook: - Political developments in the US in focus Domestic macroeconomic data, political developments in the United States amid a partial shutdown of the US government, trend in investment of foreign institutional investors (FIIs) and second quarter corporate earnings will dictate near term trend on the domestic bourses. The next major trigger for the market is the second quarter September 2013 corporate earnings which will start tricking in next week. On the macro front, the government will unveil industrial production data for August 2013 on Friday, 11 October 2013. Data on inflation based on the wholesale price index (WPI) and the consumer price index (CPI), both, for September 2013, are due. Equity Weekly Update For the week 07 th October to 11 th October 2013 Weekly Movement of Market Weekly Roundup: Auto, metal stocks in demand Key benchmark indices edged higher in the week gone by as the rupee extended its recovery against the dollar since hitting record low in late August 2013. Shares from auto and metal sectors were in demand on renewed buying. FMCG pivotal declined. The S&P BSE Mid-Cap and the S&P BSE Small-Cap indices outperformed the Sensex during the week. In the foreign exchange market, the rupee strengthened against the dollar. The partially convertible rupee was hovering at 61.41 on Friday, 4 October 2013, stronger than its close of 62.51/52 on Friday, 27 September 2013 and an all time low of 68.85 hit on 28 August 2013. In the week ended Friday, 4 October 2013, the 30-share S&P BSE Sensex gained 241.57 points or 1.23% to 19,915.95. The 50-unit CNX Nifty advanced 74.10 points or 1.27% to 5,907.30 Sensex 19915.95 241.57 Nifty 5907.30 74.10 Nifty Future 5957.00 69.00 Weekly Chart Nifty RR, All Rights Reserved Page 1 of 4
  • FIIs Buy Sold Net Monday 2147.39 2667.03 -519.64 Tuesday 1728.67 1835.63 -106.96 Wednesday - - - - Thursday 3891.02 2893.81 997.21 Friday 2316.54 1775.18 541.36 DIIs Buy Sold Net Monday 1072.96 983.2 89.76 Tuesday 944.22 818.87 125.35 Wednesday - - - - Thursday 1074.65 1567.65 -493 Friday 843.71 1145.78 -302.07 Derivative Trend Institutional Activities (Rs Cr) Calls for the Week Highlights of the Week • Banks to follow uniform loan classification rules, share defaulter information. • 3-member panel headed by Bimal Jalan to scrutinise new bank licences. • Arohan Microfin raises Rs 22 crore capital from 3 investors. • Indian banks keep their capital bonds in the family. • Finance ministry against higher gas price to RIL • Renewable Energy Certificates continue to pile. • Essar Oil moves SC for extension of time to pay sales tax dues. • Essar Energy to exit Kenya Petroleum Refineries Ltd. • Planning Commission supports Trai's proposal of cutting the reserve price of 2G spectrum by 60%. • Railways to hike passenger fare and freight tariff by about 2% from October 7. • Subramanian Swamy moves High Court, seeks order on AirAsia operations. • India re-elected to ICAO Council. • Russia eyes production of commercial aircraft in India. • Supreme Court asks CBI to file more cases based on Niira Radia tapes. • Telecom Commission gives in-principle approval to spectrum trading. • BSNL launches festive offers to boost sales. • Coal India misses production target by 6 MT during April- September 2013. • SBI Macquarie invests Rs 110 crore in Ashoka Buildcon road construction subsidiary ACL. • SFIO final report on Tata-Unitech deal in a 'few days': Sachin Pilot. Stock on the Move: - Ashok Leyland Technical View: - On the daily chart of Ashok Leyland we can see stock current trend is up and currently stock trading above its 8 days, 13 days and 21 days EMA. Investor can make long position in stock near 15 levels with stop loss of 13.50 for the target price of 17.50. RR, All rights reserved Page 2 of 3
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