The Indian stock markets extended their gains for a sixth straight week as the benchmark indices rose over 1%. Foreign investors have poured $3.6 billion into Indian equities so far this year, outperforming many global markets. The markets gained on positive US jobs data but slipped on India's lower-than-expected GDP growth of 6.9% for fiscal year 2012. Hopes of further aid to Greece helped the markets recover. Key factors to watch this week include India's January inflation data and various major company earnings announcements. The outlook is for a range-bound market between 5,200-5,480 points.
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Weekly market outlook 11.02.12
1. Weekly Market Outlook 11 Feb 2012
make more, for sure.
SNAPSHOT
DATA MATRIX FOR THE WEEK
Winning momentum for the stocks markets in India got extended for yet another week on Friday as the
6th Feb 2012 - 10th Feb 2012 benchmark indices managed to amass over a percent gains in the passing week and stretched the gaining
streak for sixth straight week of 2012. The lead indices have vivaciously rallied close to 19% points since
the lows hit in Dec 2011 and have even outperformed most major markets across the globe thanks to the
Weekly Markets relentless buying by foreign funds who have poured in $3.6 billion in local equities so far this year. The
Sensex 17,749 0.82% week started on a positive note as benchmarks carried forward the gaining momentum even after the over
two percent rally in the previous week, as sentiments were bolstered by unexpectedly encouraging US
Nifty 5,382 1.05% jobs data, signaling that worries over deep recession are making way for economic recovery. However,
the local markets slipped lower in the subsequent session after government data showed India's GDP
Gold(US$/oz) 1,724.2 -0.28% growth for FY12 would be 6.9%, which is a tad less than the widely expected figure of around 7%. The
Re/US$ 49.35 1.54% bourses regained its gaining momentum in next two sessions as investors grew increasingly hopeful that
further external aid will soon be transferred to Greece helping to avoid a more disorderly default in the
Dow 12,801 -0.47% near term.
Nasdaq 2,904 -0.07% 1500 Volume* & Volatility Index (Nifty - Jan & Feb 2012) 26
FX Res (US$ Bn) 293.753 -0.06% 25
1000
24
Net FII / DII Equity Activity (Rs Cr) 500
23
Upto 10.02.12 FIIs DIIs 22
0 21
Total Feb 2012 8089.7 -4149.9
30-Jan 31-Jan 1-Feb 2-Feb 3-Feb 6-Feb 7-Feb 8-Feb 9-Feb 10-Feb
Total 2012 17,559 -10,880 *NSE
Cash Volume (Rs bn) F & O Volume (Rs bn) Volatility Index %
Weekly Sector Movement
Sectors Close %
Auto 9,713 1.99
Bankex 11,987 2.95
CD 6,169 5.78
CG 10,293 0.32
FMCG 4,131 0.24
Healthcare 6,347 -1.01
IT 6,050 2.33
Metal 12,365 4.13
Oil & Gas 8,771 0.94
India's industrial output grew at a slow pace of 1.8% in December 2011 as compared to 8.1% in December last
PSU 7,673 2.50 year. Moreover, India's gross domestic product (GDP) likely to grow by 6.9% in the fiscal year 2011-2012
Realty 1,887 5.77 according to advance estimates released by the Central Statistics Office (CSO), Ministry of Statistics and
Programme Implementation.
WEEK AHEAD
In the coming week, investors are likely to keep a close eye on India's January wholesale price index (WPI) data which will give further direction
to the markets. Also there will be some important result announcements in the next week, Suzlon Energy, Oil India, Cipla, Coal India, State Bank
of India, Sun Pharmaceuticals, Reliance Power, Steel Authority of India, Indian Oil Corp, Shree Renuka Sugar, Alstom Projects, Areva T&D,
Lanco Infra etc. will be among the majors to announce their numbers in the coming week. From the global front, the traders will be eyeing the US
Retail Sales data on Feb 14, French and German GDP data along with European GDP numbers on Feb 15. US Industrial Production and FOMC
Meeting Minutes on Feb 15, followed by German Ifo Business Climate Index on Feb 17 and European Manufacturing and Services PMI on Feb
17. Overall we are expecting a slightly range bound scenario between 5200-5480 though momentum still favoring the bulls. HAPPY
TRADING...
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only
1
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
4. Weekly Market Outlook
make more, for sure.
FORTHCOMING CORPORATE ACTIONS
Ex-Date Company Name NSE- Symbol Purpose
13-Feb-12 Ambuja Cements Limited AMBUJACEM FINAL DIVIDEND RS.1.80 PER SHARE
13-Feb-12 Manappuram Finance Limited MANAPPURAM INTERIM DIVIDEND RE.0.50 PER SHARE
13-Feb-12 Global Offshore Services Limited GLOBOFFS 2ND INTERIM DIVIDEND RE.0.50 PER SHARE
13-Feb-12 Adani Ports and Special Economic Zone ADANIPORTS INTERIM DIVIDEND RE.0.30 PER SHARE
13-Feb-12 Power Grid Corporation of India Limited POWERGRID INTERIM DIVIDEND RE.0.80 PER SHARE
13-Feb-12 Cholamandalam Investment and Finance CHOLAFIN INTERIM DIVIDEND RS.1.50 PER SHARE
14-Feb-12 India Nippon Electricals Limited INDNIPPON INTERIM DIVIDEND RS.4/- PER SHARE
14-Feb-12 MPS Limited MPSLTD INTERIM DIVIDEND RS.2/- PER SHARE
15-Feb-12 Page Industries Limited PAGEIND 3RD INTERIM DIVIDEND RS.10/- PER SHARE
15-Feb-12 Gravita India Limited GRAVITA INTERIM DIVIDEND RE.1/- PER SHARE
15-Feb-12 Gujarat Ambuja Exports Limited GAEL INTERIM DIVIDEND RE.0.60 PER SHARE
15-Feb-12 Carborundum Universal Limited CARBORUNIV INTERIM DIVIDEND RE.1/- PER SHARE
16-Feb-12 Dynamatic Technologies Limited DYNAMATECH 2ND INTERIM DIVIDEND
16-Feb-12 Sun TV Network Limited SUNTV INTERIM DIVIDEND
16-Feb-12 R. S. Software (India) Limited RSSOFTWARE INTERIM DIVIDEND RE.1/- PER SHARE
16-Feb-12 Sundram Fasteners Limited SUNDRMFAST 1ST INTERIM DIVIDEND
16-Feb-12 Bajaj Corp Limited BAJAJCORP INTERIM DIVIDEND RS.4/- PER SHARE
16-Feb-12 Rane Holdings Limited RANEHOLDIN INTERIM DIVIDEND RS.6/- PER SHARE
16-Feb-12 Engineers India Limited ENGINERSIN INTERIM DIVIDEND
16-Feb-12 MphasiS Limited MPHASIS DIVIDEND-RS.6.50 PER SHARE
16-Feb-12 Container Corporation of India Limited CONCOR INTERIM DIVIDEND RS.7.50 PER SHARE
16-Feb-12 MMTC Limited MMTC INTERIM DIVIDEND
16-Feb-12 MOIL Limited MOIL INTERIM DIVIDEND RS.2/- PER SHARE
16-Feb-12 MBL Infrastructures Limited MBLINFRA INTERIM DIVIDEND
16-Feb-12 Steel Authority of India Limited SAIL INTERIM DIVIDEND
16-Feb-12 Symphony Limited SYMPHONY FACE VALUE SPLIT RS.10/- TO RS.2/-
17-Feb-12 Goldiam International Limited GOLDIAM INTERIM DIVIDEND RS.1.10 PER SHARE
21-Feb-12 Snowcem India Limited SNOWCEMIND ANNUAL GENERAL MEETING
23-Feb-12 PSL Limited PSL INTERIM DIVIDEND
4
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 /NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
5. Weekly Market Outlook
make more, for sure.
EQUITY CALLS PERFORMANCE FOR THE WEEK ENDED 10th Feb 2012
Total No. of Calls Profitable Calls Positional/Hold Exit/Stop Loss Success Rate
26 18 1 7 72.00%
NAME DESIGNATION E-MAIL
Varun Gupta Head - Research varungupta@moneysukh.com
Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Mansukh
Securities and Finance Ltd (hereinafter referred as MSFL) is not soliciting any action based on it. This report is not for public distribution and has been
furnished to you solely for your information and should not be reproduced or redistributed to any person in any form.
The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete. MSFL or any of its affiliates or
employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained
in this report. MSFL or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter
pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
The recipients of this report should rely on their own investigations.
MSFL and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. This
information is subject to change without any prior notice. MSFL reserves the right to make modifications and alterations to this statement as may be
required from time to time. Nevertheless, MSFL is committed to providing independent and transparent recommendations to its clients, and would be
happy to provide information in response to specific client queries.
5
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com