1. India MarketSummary fortheweekended 21-3-2014
I Review of the Week
Market review for the week ended 21 March 2014
 Market logged small declines in the week ended Friday, 21 March
2014.
 The market gained in three out of four 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 0.26% to 21,753.75 and Nifty slipped 0.17% to 6,493.20
in the week ended Friday, 21 March 2014.
 Among the 30-share Sensex pack, 16 stocks declined and rest of
them gained in the week.
 Market retreats from record high
 Global credit rating agency Standard & Poor's Ratings Services on
Wednesday, 19 March 2014, said that Indian companies are
improving their credit profile by selling equity and assets, or using
free operating cash flows to reduce debt

2. India MarketSummaryfortheweekended 21-3-2014
Government Policies during the week
 The government has extended the last date for
payment of final instalment of advance tax for
financial year 2013-14 to 18 March from 15 March
earlier
Economic data
 Nil

3. Corporate Announcements
• GAIL (India) (down 4.89%), HDFC (down 1.26%) and Bharti Airtel (down 0.93%) edged lower
from the Sensex pack.
• Index heavyweight and cigarette maker ITC rose 3.07% Index largest FMCG company by sales
Hindustan Unilever gained 3.36%
• Reliance Industries (RIL) fell marginally by 0.04% . RIL in video recorded Hindi transcript
uploaded on YouTube has denied allegations of benefits from the Gujarat government. There were
allegations that because of relations with Minister in Gujarat, the company got benefitted in
mining, power, refining and exploration projects.
• ONGC lost 4.87%. A report indicated that ONGC's weightage in FTSE indices is due to fall when
the index provider rejigs the composition of its benchmarks after market hours on Friday, 21 March
2014.
• Wipro surged 3.82% at Rs 567.95.
• IT major Infosys lost 2.48% to Rs 3,305.25. Infosys said that Mr. Chandra Shekar Kakal, Senior
Vice President & Member of the Executive Council has conveyed his intention to resign from the
services of the Company.
• Meanwhile, Infosys said it has signed a five-year agreement with Lansforsakringar AB (LFAB) to
provide application development and management support for its life and non-life insurance
business.
• TCS shed 0.74%. IT major TCS' management at a recent analyst meet warned about a seasonal
slowdown and said that the overall dollar revenue growth in Q4 March 2014 could be lower than
that in Q3 December 2013. TCS announced the go-live of a new maintenance, repair and overhaul
(MRO) application programme with PT Garuda Indonesia (Persero) Tbk.

4. Corporate Announcements
• Bank stocks were mostly higher. Data released by the government last week showed that inflation based on
both the consumer price index and the wholesale price index eased last month.
• Axis Bank rose 2.76% to Rs 1,393.40. Reportedly the government has sold about 4.22 crore
shares, constituting a 9% stake in India's third-largest private-sector bank by assets, via block deals
• HDFC Bank (up 0.29%) and State Bank of India (up 2.97%) gained.
• ICICI Bank fell 1.22%.
• Metal stocks gained. Sesa Sterlite (up 2.45%), Hindalco Industries (up 6.77%) and Tata Steel (up 6.07%)
edged higher.
• Tata Motors fell 1.06%.
• Mahindra & Mahindra (M&M) lost 5.44%, said that the United States District Court in
Atlanta, USA, issued an order on 14 March 2014 denying the plaintiffs' motion for class certification in a
lawsuit brought by US automobile dealers against M&M. The plaintiffs in Ackerman vs. Mahindra &
Mahindra, Ltd. took legal action against M&M based on agreements they had made with Global Vehicles
USA, Inc., a former distributor for the company.
• Maruti Suzuki India jumped 7.52% after the company and its Japanese parent Suzuki Motor Corporation
modified the terms of the Gujarat manufacturing plant to address Maruti shareholders' concerns.
• Shares of most two wheeler makers were mixed. Hero MotoCorp lost 2.75%. Bajaj Auto rose 0.5%.
• NTPC lost 2.52%. The company said that the board of directors of the company has accorded the
investment approval for North Karanpura Super Thermal Power Project (3x660 megawatts) to be
implemented in the State of Jharkhand at an appraised current estimated cost of Rs 14366.58 crore.
• Engineering and construction major L&T fell 3.1% . Bharat Heavy Electricals (Bhel) rose marginally by
0.03%

5. India MarketSummary fortheweekended 21-3-2014
Top Gainers and Losers of the week (NSE)
COMPANY
PRICE ON PRICE ON CHANGE
Mar 21, 2014
(Rs)
Mar 14, 2014
(Rs)
(%)
MARUTI SUZUKI 1,868.55 1,738.45 7.50%
HINDALCO 123.5 115.2 7.20%
TATA STEEL 362.85 341.7 6.20%
WIPRO 568.2 547.6 3.80%
JINDAL STEEL 264.5 255.9 3.40%
COMPANY
PRICE ON PRICE ON CHANGE
Mar 21, 2014
(Rs)
Mar 14, 2014
(Rs)
(%)
M&M 970.45 1,027.00 -5.50%
GAIL 353.05 372.3 -5.20%
ONGC 306.4 322.75 -5.10%
IDFC LIMITED 109.2 114.2 -4.40%
BPCL 428.1 444.75 -3.70%

6. India MarketSummary fortheweekended 21-3-2014
II Forth coming week
Government policies / announcements
• The Reserve Bank of India will announce the First Bi-monthly
Monetary Policy Statement, 2014-15 on 1 April 2014
• The next major trigger for the stock market is the outcome of the
upcoming Lok Sabha elections
Economic data
• The near-month March 2014 F&O contracts expire on Thursday, 27
March 2014.
• On the global markets front, HSBC Holdings Plc and Markit
Economics' gauge of Chinese manufacturing will be released on
Monday, 24 March 2014.
• The FOMC next undertakes monetary policy review at a two-day
meeting on 29-30 April 2014.

7. India MarketSummary fortheweekended 21-3-2014
Market outlook
 Expiry of near month F&O contracts may trigger volatility.
 The market may remain volatile in the near future as traders roll over
positions in the futures & options (F&O) segment from the near-month
March 2014 series to April 2014 series.
 The near-month March 2014 F&O contracts expire on Thursday, 27 March
2014.
 Trend in investment by foreign institutional investors (FIIs), 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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