Marketsummarypptx fortheweekended - 16.5.2014


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Marketsummarypptx fortheweekended - 16.5.2014

  1. 1. India MarketSummary fortheweekended 16-5-2014 I Review of the Week Market review for the week ended 16 May 2014  Markets rallied in the week on expectations the BJP led NDA will be able to form the next government at the centre and that Narendra Modi will become the next Prime Minister of India.  Leads and results of Lok Sabha elections on Friday, 16 May 2014, cemented those expectations as they showed that the NDA was all set to form the next government at the Centre.  Sensex settled at a record closing high after scaling a record high above the psychological 25,000 mark and Nifty also finished at a lifetime closing high after scaling a record high above 7,500 level.  The Sensex logged gains in four out of five trading sessions in the week just gone by.  Among the 30-share Sensex pack, 24 stocks gained and rest of them declined in the week ended Friday, 16 May 2014.  Sensex gained 4.9% to 24,121.74 and Nifty rose 5.01% to 7,203 for the week ended 16May2014
  2. 2. India MarketSummaryfortheweekended 16-5-2014 Government Policies during the week • Nil Economic data • Inflation based on the combined consumer price index (CPI) for urban and rural India accelerated to 8.59% in April 2014, from 8.31% in March 2014 • Industrial production shrank for a second straight month in March 2014. Industrial production declined 0.5% in March 2014, compared with a contraction of 1.8% in February 2014 • The annual rate of inflation based on monthly wholesale price index (WPI) eased to 5.2% for the month of April 2014 from 5.7% in March 2014, helped by a decline in fuel prices,
  3. 3. Corporate Announcements • Tata Power Company (up 12.47%), Coal India (up 11.84%) and GAIL (India) (up 10.45%) edged higher from the Sensex pack. • ITC rose 3.48% at Rs 357.55. Shares of ONGC surged 10.69% to Rs 384.95. • Reliance Industries (RIL) jumped 8.33%. The company said after market hours on Thursday, 15 May 2014, Reliance Jio Infocomm (Reliance Jio), a subsidiary of RIL and the first telecom operator to hold a Pan-India Unified License, and Tower Vision India, an independent tower company in India, have entered into a MSA (Master Service Agreement) for tower sharing. • Bank stocks vaulted. Axis Bank gained 7.68%. ICICI Bank jumped 6.54% . HDFC Bank rose 6.27% . State Bank of India (SBI) jumped 11.11% • Capital goods pivotals gained. Bharat Heavy Electricals (Bhel) galloped 18.33%. On Tuesday, 13 May 2014, Bhel said the company has achieved another landmark by successfully commissioning a 600 megawatts (MW) thermal unit in Odisha. • L&T advanced 6.16% ; said that the strike at the company's Hazira campus has been called off and workmen have reported to work. • NTPC rose 11.4%. The company's net profit declined 29.39% to Rs 3093.54 crore on 18.56% growth in total income to Rs 21637.87 crore in Q4 March 2014 over Q4 March 2013. • IT stocks were mostly lower. TCS lost 0.16%. Infosys rose 2.33%. •
  4. 4. Corporate Announcements • Wipro fell 1.84%. Wipro announced on Wednesday, 14 May 2014, that it has won a seven- year engagement with Xoserve, an organization which is an integral part of the gas distribution and transmission market in Britain. • Dr Reddy's Laboratories lost 11.29%. Dr Reddy's Laboratories' consolidated net profit declined 15.6% to Rs 481.60 crore on 4.2% growth in net sales to Rs 3480.90 crore in Q4 March 2014 over Q4 March 2013. • Auto stocks rose. Mahindra & Mahindra (M&M) rose 0.57% . Maruti Suzuki India rose 9.21% • Tata Motors jumped 5.21%. Tata Motors group's global wholesales, including Jaguar Land Rover (JLR), fell 7.65% to 75,026 units in April 2014 over April 2013. Global wholesales for JLR rose 39% to 40,137 vehicles in April 2014 over April 2013. • Shares of two-wheeler makers also gained. Hero MotoCorp rose 8.22% • Bajaj Auto rose 0.7%. Bajaj Auto's net profit fell 0.24% to Rs 763.93 crore on 2.54% rise in total income to Rs 5117.10 crore in Q4 March 2014 over Q4 March 2013. • Tata Steel rose 5.64% to Rs 440.45. Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) on Friday, 16 May 2014, announced that they have executed a definitive agreement with Adani Ports & Special Economic Zone (Adani Ports) to sell 100% stake in the Dhamra Port Company (DPCL) for an Enterprise Value of around Rs 5500 crore. • Among other metal stocks, Hindalco fell 1.84%. Sesa Sterlite surged 17.26%.
  5. 5. India MarketSummary fortheweekended 16-5-2014 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE May 16, 2014 (Rs) May 9, 2014 (Rs) (%) BHEL 231.6 194.05 19.40% DLF LTD # 169.7 144.75 17.20% SESA STERLITE 214.95 183.4 17.20% BPCL 552.1 485.8 13.60% TATA POWER 90.9 80.6 12.80% COMPANY PRICE ON PRICE ON CHANGE May 16, 2014 (Rs) May 9, 2014 (Rs) (%) DR. REDDYS LAB 2,406.90 2,718.00 -11.40% UNITED SPIRITS 2,646.25 2,777.40 -4.70% WIPRO 502.8 513.95 -2.20% HINDALCO 141.2 144.1 -2.00% SUN PHARMA 613.5 624.1 -1.70%
  6. 6. India MarketSummary fortheweekended 16-5-2014 II Forth coming week Government policies / announcements  Nil Economic data  India's biggest commercial bank in terms of branch network, State Bank of India, and cigarette major ITC are scheduled to unveil Q4 March 2014 results on Friday, 23 May 2014.
  7. 7. India MarketSummary fortheweekended 16-5-2014 Market outlook  Focus will shift to policy announcements from the new government in the forth coming week.  With Lok Sahba election results out, investors' focus will shift to the likely allocation of key ministerial portfolios in the National Democratic Alliance (NDA) government and the first budget of the new government expected by July 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 for the near term trend on the bourses.
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