Marketsummarypptx fortheweekended - 20.6.2014

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Marketsummarypptx fortheweekended - 20.6.2014

  1. 1. India MarketSummary fortheweekended 20-6-2014 I Review of the Week Market review for the week ended 20 June 2014 • Market declined last week as crude oil prices rose and as the rupee fell against the dollar, which stoked concerns of fuel price inflation and increase in India's current account deficit and fiscal deficit. • The latest data showing increase in inflation based on the wholesale price index in May 2014 also weighed on sentiment. • Selling was focused on large-caps, as mid and small-cap indices on BSE ended the week on a positive note. • Sensex fell 0.49% to 25,105.51 and Nifty fell 0.41% to 7,511.45 for the week ended 20 June 2014. • Among the 30 Sensex shares, 17 fell and the remaining shares rose.
  2. 2. India MarketSummaryfortheweekended 20-6-2014 Government Policies during the week • Nil Economic data • The annual rate of inflation based on the monthly wholesale price index (WPI) accelerated to 6.01% for the month of May 2014, from 5.2% in April 2014 • All India seasonal rainfall from 1 to 18 June 2014 was 45% below long period
  3. 3. Corporate Announcements • Tractor major Mahindra & Mahindra (M&M) was the biggest loser in the Sensex pack last week. The stock fell 7.12% . Two-wheeler major Hero MotoCorp fell 2.66%. Car major Maruti Suzuki (India) fell 1.60% . Motorcycle maker Bajaj Auto rose 0.39% • Most banking stocks declined. ICICI Bank (down 2.15%), HDFC Bank (down 1.25%) and State Bank of India (down 0.99%), edged lower. However, Axis Bank rose 2.67%. • Reliance Industries fell 4.08%. Chairman Mukesh Ambani said at the company's annual shareholders' meeting on Wednesday, 18 June 2014, that RIL is investing over Rs 1.8 lakh crore in its businesses in the current three years' investment cycle. Ambani said there will be a phased launch of fourth generation broadband services by Reliance Jio Infocomm in 2015. • Oil upstream company ONGC fell 1.12% on concerns its subsidy burden will rise along with increase in crude oil prices. ONGC shares part of the under-recoveries of state-run oil refining-cum- marketing firms (PSU OMCs) arising from the government-imposed price caps on prices three key fuels -- diesel, LPG for domestic use and kerosene. • Shares of state-run gas transmission and distribution company GAIL (India) was biggest Sensex gainer last week. The stock surged 5.42% on buzz that a foreign brokerage has raised the price target on the stock. The brokerage remains optimistic about the performance of the company's key business segments barring the petrochemicals business, as per reports. • IT stocks gained after the US Federal Reserve on Wednesday, 18 June 2014, gave a positive assessment of the world's largest economy and committed to retaining its accommodative monetary policy. Infosys (up 4.21%), TCS (up 3.24%) and Wipro (up 1.39%), edged higher. US is the biggest outsourcing market for the Indian IT firms.
  4. 4. India MarketSummary fortheweekended 20-6-2014 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE Jun 20, 2014 (Rs) Jun 13, 2014 (Rs) (%) GAIL 439.1 415.45 5.70% ASIAN PAINTS 568.45 542.2 4.80% INFOSYS LTD 3,316.60 3,187.00 4.10% TCS 2,292.40 2,213.55 3.60% INDUSIND BANK 555.5 536.65 3.50% COMPANY PRICE ON PRICE ON CHANGE Jun 20, 2014 (Rs) Jun 13, 2014 (Rs) (%) M&M 1,143.95 1,228.85 -6.90% RELIANCE IND. 1,036.50 1,081.90 -4.20% UNITED SPIRITS 2,680.15 2,782.50 -3.70% BPCL 552.55 569.75 -3.00% HERO MOTOCORP 2,521.00 2,592.05 -2.70%
  5. 5. India MarketSummary fortheweekended 20-6-2014 II Forth coming week Government policies / announcements • The Reserve Bank of India (RBI) next undertakes monetary policy review on 5 August 2014. • The next major event for the financial markets is the Union Budget for 2014-15. Finance Minister Arun Jaitley is expected to table Union Budget for 2014-15 in Lok Sabha by mid-July 2014. Economic data • The near-month June 2014 F&O contract expire on Thursday, 26 June 2014.
  6. 6. India MarketSummary fortheweekended 20-6-2014 Market outlook • Market may remain volatile ahead of expiry of June F&O contracts. • Movement in crude oil prices, the progress and the spread of the monsoon rains, trend in global equity markets and investment activity of foreign institutional investors will dictate near term trend of domestic stocks. • The market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month June 2014 series to July 2014 series. • The near-month June 2014 F&O contract expire on Thursday, 26 June 2014.
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