Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Market summary pptx for the week ended 7.2.2014

264 views

Published on

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

Market summary pptx for the week ended 7.2.2014

  1. 1. India Market Summary for the week ended 7-2-2014 I Review of the Week Market review for the week ended 7 February 2014 • Market edged lower in the week ended Friday, 7 February 2014. • After Monday's slide triggered by the government revising downwards the GDP growth rate for the year ended 31 March 2013 to 4.5% from 5% reported earlier. • Sensex logged gains in the later four trading sessions in the week gone by. • High volatility was seen throughout the week as Sensex regained the psychological 20,000 mark after falling below that level in intraday trade during the week. • Nifty also regained the psychological 6,000 mark after falling below that level in intraday trade during the week. • Sensex fell 0.67% to 20376.56 and Nifty fell 0.43% to 6063.20 for the week ended 7 February 2014. • Among the 30-share Sensex pack, 18 stocks gained and rest of them declined
  2. 2. India Market Summary for the week ended 7-2-2014 Government Policies during the week • Nil Economic data • Up from 48.1 in December to 49.6 in January, the seasonally adjusted HSBC India Composite Output Index indicated a seventh consecutive monthly drop in private sector activity • The headline HSBC Services Business Activity Index increased from December's 46.7 to 48.3 in January, signalling a moderate rate of output contraction that was the weakest in the current seven-month sequence of decrease • The headline HSBC India Purchasing Managers' Index (PMI) posted a reading of 51.4 for January 2014, up from 50.7 for December 2013 • The Eight Core Industries having a combined weight of 37.9% in the Index of Industrial Production (IIP) increased by 2.1% in December 2013 compared with a growth of 7.5% growth in December 2012 and 1.7% growth in November 2013 • The fiscal deficit reached Rs 5.16 lakh crore during April-December 2013, or 95.2% of the full-year target, compared with 78.8% a year earlier
  3. 3. Corporate Announcements • HDFC (down 3.03%), ONGC (down 2.27%) and GAIL (India) (down 0.84%) edged lower from the Sensex pack. • Coal India (up 8.87%), NTPC (up 7.59%) and Hindustan Unilever (up 1.28%) edged higher from the Sensex pack. • ITC shed 0.52% and Reliance Industries fell 1.99% • Bharat Heavy Electricals (Bhel) dropped after the company reported poor Q3 December 2013 BHEL said that it had an outstanding order book position of about Rs 100600 crore as on 31 December 2013. • Infosys lost 3.59%. The company announced that it will establish a new delivery center in Araraquara, Brazil. With this new center, Infosys and its subsidiaries are further expanding their footprint in Latin America with operations across Brazil, Costa Rica, Puerto Rico, Mexico, and Argentina, employing over 1,700 people. • Wipro (down 2.43%) and TCS (down 4.15%) fell. • Auto stocks were in demand. Maruti Suzuki India rose 1.84%. The company announced the launch of its compact car, Celerio, with the revolutionary auto gear shift. • Celerio with auto gear shift will be available in two variants, with ex-showroom price of Rs 4.29 lakh and Rs 4.59 lakh in Delhi. • Tata Motors advanced 3.16%. Tata Motors announced that as an interim measure, consequent upon the sudden demise of the company's Managing Director, Mr. Karl Slym, a Corporate Steering Committee (CSC) will provide oversight of strategy and key aspects of the company's operations.
  4. 4. Corporate Announcements • Mahindra & Mahindra (M&M) rose 0.57%. M&M on 1 February 2014 said its total auto sales declined 13.77% to 42,685 units in January 2014 over January 2013. • Shares of two wheelers makers edged higher. Bajaj Auto (up 1.69%) and Hero MotoCorp (up 1.87%) gained. • Bank stocks were mostly higher. HDFC Bank (up 3.02%) and AXIS Bank (up 0.55%) gained. ICICI Bank lost 2.71%. • State Bank of India (SBI) rose 0.08%. Shares allotted by the state-run bank to institutional investors under the recently concluded qualified institutional placement (QIP) were admitted for trading on the bourses on Friday, 7 February 2014. SBI had raised Rs 8031.64 crore recently from issue of 5.13 crore equity shares to institutional investors at a price of Rs 1,565 per share. • Metal stocks were mixed. Sesa Sterlite rose 0.77%. Hindalco Industries lost 2.92%. • Tata Steel surged 7.95%. ArcelorMittal, the world's biggest steelmaker, announced strong Q4 December 2013 results on Friday, 7 February 2014 and said earnings will continue to climb in 2014. • ArcelorMittal said its earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $1.91 billion in Q4 December 2013, from $1.56 billion in Q4 December 2012. The company said earnings will continue to climb in 2014, forecasting full-year EBITDA of about $8 billion. • Pharma stocks gained. Cipla (up 1.57%), Dr Reddy's Laboratories (up 0.92%) and Sun Pharmaceutical Industries (up 2.24%) gained. • Tata Power Company rose 1.42%. The company reported consolidated net loss of Rs 74.91 crore for Q3 December 2013, lower than net loss of Rs 328.92 crore in Q3 December 2012. • .
  5. 5. India Market Summary for the week ended 7-2-2014 Top Gainers and Losers of the week (NSE) PRICE ON COMPANY TATA STEEL COAL INDIA RANBAXY LAB NTPC TATA MOTORS Feb 7, 2014 (Rs) 384.45 269.6 340.7 135.95 360.2 PRICE ON COMPANY BHEL HCL TECH GAIL TCS INFOSYS LTD Feb 7, 2014 (Rs) 155.75 1,400.05 356.2 2,144.40 3,566.55 PRICE ON Feb 03, 2014 (Rs) 343.1 245.75 314.8 126 336.4 PRICE ON Feb 03, 2014 (Rs) 167.15 1,452.90 365.2 2,194.45 3,629.15 CHANGE (%) 12.10% 9.70% 8.20% 7.90% 7.10% CHANGE (%) -6.80% -3.60% -2.50% -2.30% -1.70%
  6. 6. India Market Summary for the week ended 7-2-2014 II Forth coming week Government policies / announcements • Nil Economic data • The government will unveil data on inflation based on the combined consumer price index (CPI) for urban and rural India for the month of January 2014 on Wednesday, 12 February 2014 • The government will unveil data on inflation based on the wholesale price index (WPI) for the month of January 2014 on Friday, 14 February 2014 • Finance Minister P Chidambaram will present the Vote-on-Account or interim budget on 17 February 2014
  7. 7. India Market Summary for the week ended 7-2-2014 Market outlook  The last batch of Q3 December 2013 corporate earnings, macroeconomic data, trend in investment by foreign institutional investors, trend in global markets, trend in other global emerging markets and the movement of rupee against the dollar will dictate the near term movement on the domestic bourses. The Q3 earnings seasons gets over next week.  Indian stocks will on Monday, 10 February 2014, react to the advance estimate of GDP for 2013-14 which will be announced by the government after trading hours on Friday, 7 February 2014  Asian markets will on Monday, 10 February 2014, react to the influential US nonfarm payroll data for January 2014 which will be out on Friday, 7 February 2014.  Finance Minister P Chidambaram will present the Vote-on-Account or interim budget on 17 February 2014
  8. 8. We mentioned below the links of our other services, feel free to contact us for any other services requirement. • Our Services • Click here to read more on our site ---------------------------------------------Free Internship Programme for the students with a background of Finance and commerce, For more details, contact 04432983431/ lakshmiskn@indianfinancebazaar.com. Visit us at www.ifmaonline.com, To Keep you updated with daily market news, visit www.indiafinancebazaar.com For students, we provide tailor made financial training upon the college request. Contact lakshmiskn@indianfinancebazaar.com for further details or call us at 044-32973431

×