Marketsummarypptx fortheweekended -2.5.2014

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Marketsummarypptx fortheweekended -2.5.2014

  1. 1. India MarketSummary fortheweekended 2-5-2014 I Review of the Week Market review for the week ended 2 May 2014  The market declined last week on profit booking, triggered by the India Meteorological Department announcing that the country will likely get below-normal levels of monsoon rain this year.  Market declined in all four trading sessions in the week. The stock market was shut on Thursday, 1 May 2014, on account of May Day.  Sensex fell 1.25% to 22,403.89 and Nifty fell 1.30% to 6,694.80.  Among the 30 Sensex shares, 23 declined and remaining shares rose
  2. 2. India MarketSummaryfortheweekended 2-5-2014 Government Policies during the week • Nil Economic data • Nil
  3. 3. Corporate Announcements • Tata Steel was biggest Sensex loser last week. The company's new Coke Oven Battery 11 was commissioned on Tuesday, 29 April 2014 by Mr Cyrus P. Mistry, Tata Group Chairman at Jamshedpur. • Sesa Sterlite dropped 6.57%. The company's consolidated net profit as per adjusted proforma basis fell 31.34% to Rs 1222 crore on 7.05% rise in net sales to Rs 20784 crore in Q4 March 2014 over Q3 December 2013. • Hindalco Industries tumbled 7.81% . Capital goods shares witnessed selling pressure. Larsen & Toubro (down 6.49% to Rs 1263.15) and Bhel (down 5.45% to Rs 180.35), edged lower. • Mahindra & Mahindra (M&M) fell 1.28% after the company reported weak sales in April. The company's Farm Equipment Sector's (FES) domestic sales fell 10% to 19.895 units in April 2014 over April 2013. • South India's fountainhead equity trading house, the 76-year-old Madras Stock Exchange will cease to exist from May 30 after it failed to adhere to several new regulatory requirements, including increased net worth as outlined by markets regulator Sebi. The shutdown appears imminent unless there is a dramatic change in rules over the next couple of weeks. •
  4. 4. Corporate Announcements • Hero MotoCorp fell 0.31% after the company's total sales rose 14.4% to 571,054 units in April 2014 over April 2013. • Bajaj Auto fell 4.60% after Bajaj Auto's total sales fell 4% to 3.31 lakh units in April 2014 over April 2013. • Maruti Suzuki India lost 3.61% after company's total vehicle sales declined 11.4% to 86,196 units in April 2014 over April 2013. • Tata Motors fell 2.15% after company said its total sales (including exports) of Tata commercial and passenger vehicles in April 2014 were 33,892 vehicles, a decline of 34% over 51,160 vehicles sold in April 2013 vehicles sold in April 2013. • Bharti Airtel fell 4.50%. On a consolidated basis, the company's net profit jumped 89.07% to Rs 961.60 crore on 13.62% increase in total income to Rs 22,260.50 crore in Q4 March 2014 over Q4 March 2013. • Dr.Reddy's Laboratories (up 4.25%), ONGC (up 2.41%), Cipla (up 1.84%), HDFC (up 1.76%), Wipro (up 1.51%), Infosys (up 1.43%), Sun Pharmaceutical Industries (up 1.16%) and TCS (up 0.30%), edged higher last week.
  5. 5. India MarketSummary fortheweekended 2-5-2014 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE May 2, 2014 (Rs) Apr 25, 2014 (Rs) (%) DR. REDDYS LAB 2,737.35 2,629.25 4.10% ONGC 329.3 320.95 2.60% CIPLA 402.1 394.25 2.00% HDFC 910.95 894.1 1.90% TECH MAHINDRA 1,837.60 1,804.75 1.80% COMPANY PRICE ON PRICE ON CHANGE May 2, 2014 (Rs) Apr 25, 2014 (Rs) (%) JINDAL STEEL 239 275.05 -13.10% DLF LTD 139.8 153.6 -9.00% TATA STEEL 390.05 426.9 -8.60% HINDALCO 131.65 143.75 -8.40% SESA STERLITE 180.55 193.55 -6.70%
  6. 6. India MarketSummary fortheweekended 2-5-2014 II Forth coming week Government policies / announcements • The 36 days long voting process began on 7 April 2014 and will conclude on 12 May 2014. • The results will be declared on 16 May 2014 after which India will get a new government Economic data • Markit Economics will unveil the result of a monthly survey on the performance of India's services sector for April 2014 on Tuesday, 6 May 2014 • On the global front, a monthly meeting of the Monetary Policy Committee of the Bank of England's (BoE) for monetary policy review is scheduled on Thursday, 8 May 2014. • The European Central Bank (ECB) will hold monetary policy meeting on Thursday, 8 May 2014, in Brussels, Belgium
  7. 7. India MarketSummary fortheweekended 2-5-2014 Market outlook  Investors will focus on the next batch of Q4 and year ended 31 March 2014 (FY 2014) results next week.  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 will be watched.  A major near term trigger for the stock market is the outcome of the upcoming Lok Sabha elections.  The 36 days long voting process began on 7 April 2014 and will conclude on 12 May 2014.  The results will be declared on 16 May 2014 after which India will get a new government.  The term of the current Lok Sabha expires on 1 June and the new House has to be constituted by 31 May.
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