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India MarketSummary fortheweekended 13-6-2014
I Review of the Week
Market review for the week ended 13 June 2014
• Market retreats from record high in the week ended Friday, 13
June 2014 as rise in crude oil prices amid escalating violence
in Iraq triggered a sell-off on Friday, 13 June 2014.
• India imports majority of its crude oil requirements. Sensex,
and the Nifty, both, retreated after hitting a record high in
intraday trade on Wednesday, 11 June 2014.
• The Sensex logged gains in three out of five trading sessions in
the week just gone by.
• Sensex declined 0.66% to 25,228.17 and Nifty fell 0.54% to
7,542.10 for the week ended 13 June 2014.
• Among the 30-share Sensex pack, 20 stocks declined and rest
of them gained in the week ended Friday, 13 June 2014.
India MarketSummaryfortheweekended 13-6-2014
Government Policies during the week
• President Pranab Mukherjee on Monday, 9 June 2014, in his address to the
joint sitting of Parliament said that containing food inflation will be new
government's top priority. The government is preparing contingency plans
for sub-normal monsoons, he said
Economic data
• India's industrial production rose 3.4% in April 2014, compared with a
contraction of 0.5% in March 2014.
• The annual inflation rate based on combined consumer price index (CPI)
for urban and rural India eased to 8.28% in May 2014, from 8.59% in April
2014.
• India's merchandise exports jumped 12.4% to $28 billion in May 2014 over
May 2013
• Imports declined 11.41% to $39.23 billion in May 2014 over May 2013.
Corporate Announcements
• ONGC (down 8.95%), NTPC (down 7.22%) and Tata Power Company (down 6.49%)
edged lower from the Sensex pack.
• Pharma stocks were in demand. Cipla (up 4.69%) and Dr Reddy's Laboratories (up 4.13%
to Rs 2,446.30) edged higher from the Sensex pack.
• Sun Pharmaceutical Industries rose 4.76% to Rs 627.90. A foreign brokerage house
reiterated its overweight rating on the Sun Pharmaceutical Industries stock and raised its
target price to Rs 717 from Rs 646 after analyzing multiple EPS scenarios for year ending 31
March 2015 (FY 2015) and FY 2016, which hinge on Ranbaxy's FTFs (first-to-file) (Nexium
and Diovan).
• Bank stocks dropped. Among private sector banks, ICICI Bank (down 3.52% to Rs 1,429.55)
and Axis Bank (down 7.84% to Rs 1,819.10) declined. HDFC Bank gained 2.52%
• Among PSU bank stocks, State Bank of India (SBI) dropped 4.6% to Rs 2,606.35. With
regard to a news report regarding merger of associate banks of SBI with the parent bank, SBI
during market hours on Wednesday, 11 June 2014, clarified that no such proposal has been
formally taken up for approval.
• Bharti Airtel lost 6.4%. A foreign brokerage has downgraded the Bharti Airtel stock to
'underperform' from 'neutral' and reduced its target price to Rs 265 from Rs 275 citing
competition from rival Reliance Jio Infocomm, a unit of Reliance Industries (RIL).
•
Corporate Announcements
• Shares of Reliance Industries lost 3.38%
• IT stocks were in demand. TCS gained 6.26%. Tata Consultancy Services (TCS) announced on
Monday, 9 June 2014 at Insurance industry's event IASA 2014 that TCS BaNCS for Insurance will
enable Carriers to leapfrog the digital divide through Analytics and by leveraging ISO Electronic
Rating ContentTM (ERC) information.
• IT major Infosys rose 6.06% Infosys had announced the selection of Dr. Vishal Sikka as the Chief
Executive Officer and Managing Director (CEO & MD) of the company.
• Wipro rose 4.2% to Rs 529. The company announced that it has been selected by Outokumpu, a
global leader in stainless steel, as its global prime partner for applications maintenance and
development of legacy applications across ten countries including UK, Poland, Ital, Spain, Germany,
Sweden, Finland, USA, Mexico and China.
• Metal and mining stocks dropped. Sesa Sterlite (down 5.54% to Rs 289.50) and Tata Steel (down
6.15% to Rs 525.75)
• Hindalco Industries lost 4.02%. Hindalco Industries' US unit Novelis Inc. on Wednesday, 11 June
2014, announced the commissioning of its aluminium recycling and casting center at Nachterstedt,
Germany.
• Bharat Heavy Electricals (Bhel) lost 9.49% to Rs 237.70. The company said that it has
commissioned one more hydro generating unit of 68 megawatts (MW) at Rampur Hydro Electric
Project (HEP) in Himachal Pradesh, thus successfully commissioning total four units of the 412 MW
hydro power plant of SJVN.
• Shares of two-wheeler makers saw mixed trend. Bajaj Auto gained 5.93% Hero MotoCorp lost
3.49% .
India MarketSummary fortheweekended 13-6-2014
Top Gainers and Losers of the week (NSE)
COMPANY
PRICE ON PRICE ON CHANGE
Jun 13,
2014 (Rs)
Jun 06,
2014 (Rs)
(%)
HCL TECH. 1,438.95 1,327.70 8.40%
ASIAN PAINTS 542.2 505.35 7.30%
GRASIM IND. 3,535.15 3,314.80 6.60%
TCS 2,213.55 2,084.25 6.20%
INFOSYS LTD 3,187.00 3,003.05 6.10%
COMPANY
PRICE ON PRICE ON CHANGE
Jun 13,
2014 (Rs)
Jun 06,
2014 (Rs)
(%)
DLF LTD 204.9 233.15 -12.10%
BHEL 237.75 262.75 -9.50%
BPCL 569.75 628.1 -9.30%
ONGC 422.65 465.65 -9.20%
AXIS BANK 1,818.00 1,973.60 -7.90%
India MarketSummary fortheweekended 13-6-2014
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
• Corporate advance tax payment for the first installment which is due by
Sunday, 15 June 2014,
• The government will announce data on inflation based on the wholesale
price index (WPI) for May 2014 at 12:00 noon on Monday, 16 June
2014
• On the global front, the Federal Open Market Committee (FOMC)
undertakes monetary policy review at a two-day meeting on Tuesday 17
June 2014 and Wednesday 18 June 2014
India MarketSummary fortheweekended 13-6-2014
Market outlook
• Advance tax data, April WPI inflation in focus. Corporate
advance tax data for the first installment of 15 June, the
progress of the monsoon rains, data on inflation based on the
wholesale price index for April 2014 and the outcome of a
meeting of the US Federal Reserve would determine the trend
on the bourses in the near term.
• Increase in global crude oil prices caused by escalating
violence in Iraq may weigh on sentiment as India imports
majority of its crude oil requirements.
• Trend in investment by foreign institutional investors, trend in
global markets, trend in other global emerging markets and the
movement of rupee will continue to drive sentiment on the
domestic bourses.
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
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Marketsummarypptx fortheweekended - 13.6.2014

  • 1. India MarketSummary fortheweekended 13-6-2014 I Review of the Week Market review for the week ended 13 June 2014 • Market retreats from record high in the week ended Friday, 13 June 2014 as rise in crude oil prices amid escalating violence in Iraq triggered a sell-off on Friday, 13 June 2014. • India imports majority of its crude oil requirements. Sensex, and the Nifty, both, retreated after hitting a record high in intraday trade on Wednesday, 11 June 2014. • The Sensex logged gains in three out of five trading sessions in the week just gone by. • Sensex declined 0.66% to 25,228.17 and Nifty fell 0.54% to 7,542.10 for the week ended 13 June 2014. • Among the 30-share Sensex pack, 20 stocks declined and rest of them gained in the week ended Friday, 13 June 2014.
  • 2. India MarketSummaryfortheweekended 13-6-2014 Government Policies during the week • President Pranab Mukherjee on Monday, 9 June 2014, in his address to the joint sitting of Parliament said that containing food inflation will be new government's top priority. The government is preparing contingency plans for sub-normal monsoons, he said Economic data • India's industrial production rose 3.4% in April 2014, compared with a contraction of 0.5% in March 2014. • The annual inflation rate based on combined consumer price index (CPI) for urban and rural India eased to 8.28% in May 2014, from 8.59% in April 2014. • India's merchandise exports jumped 12.4% to $28 billion in May 2014 over May 2013 • Imports declined 11.41% to $39.23 billion in May 2014 over May 2013.
  • 3. Corporate Announcements • ONGC (down 8.95%), NTPC (down 7.22%) and Tata Power Company (down 6.49%) edged lower from the Sensex pack. • Pharma stocks were in demand. Cipla (up 4.69%) and Dr Reddy's Laboratories (up 4.13% to Rs 2,446.30) edged higher from the Sensex pack. • Sun Pharmaceutical Industries rose 4.76% to Rs 627.90. A foreign brokerage house reiterated its overweight rating on the Sun Pharmaceutical Industries stock and raised its target price to Rs 717 from Rs 646 after analyzing multiple EPS scenarios for year ending 31 March 2015 (FY 2015) and FY 2016, which hinge on Ranbaxy's FTFs (first-to-file) (Nexium and Diovan). • Bank stocks dropped. Among private sector banks, ICICI Bank (down 3.52% to Rs 1,429.55) and Axis Bank (down 7.84% to Rs 1,819.10) declined. HDFC Bank gained 2.52% • Among PSU bank stocks, State Bank of India (SBI) dropped 4.6% to Rs 2,606.35. With regard to a news report regarding merger of associate banks of SBI with the parent bank, SBI during market hours on Wednesday, 11 June 2014, clarified that no such proposal has been formally taken up for approval. • Bharti Airtel lost 6.4%. A foreign brokerage has downgraded the Bharti Airtel stock to 'underperform' from 'neutral' and reduced its target price to Rs 265 from Rs 275 citing competition from rival Reliance Jio Infocomm, a unit of Reliance Industries (RIL). •
  • 4. Corporate Announcements • Shares of Reliance Industries lost 3.38% • IT stocks were in demand. TCS gained 6.26%. Tata Consultancy Services (TCS) announced on Monday, 9 June 2014 at Insurance industry's event IASA 2014 that TCS BaNCS for Insurance will enable Carriers to leapfrog the digital divide through Analytics and by leveraging ISO Electronic Rating ContentTM (ERC) information. • IT major Infosys rose 6.06% Infosys had announced the selection of Dr. Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. • Wipro rose 4.2% to Rs 529. The company announced that it has been selected by Outokumpu, a global leader in stainless steel, as its global prime partner for applications maintenance and development of legacy applications across ten countries including UK, Poland, Ital, Spain, Germany, Sweden, Finland, USA, Mexico and China. • Metal and mining stocks dropped. Sesa Sterlite (down 5.54% to Rs 289.50) and Tata Steel (down 6.15% to Rs 525.75) • Hindalco Industries lost 4.02%. Hindalco Industries' US unit Novelis Inc. on Wednesday, 11 June 2014, announced the commissioning of its aluminium recycling and casting center at Nachterstedt, Germany. • Bharat Heavy Electricals (Bhel) lost 9.49% to Rs 237.70. The company said that it has commissioned one more hydro generating unit of 68 megawatts (MW) at Rampur Hydro Electric Project (HEP) in Himachal Pradesh, thus successfully commissioning total four units of the 412 MW hydro power plant of SJVN. • Shares of two-wheeler makers saw mixed trend. Bajaj Auto gained 5.93% Hero MotoCorp lost 3.49% .
  • 5. India MarketSummary fortheweekended 13-6-2014 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE Jun 13, 2014 (Rs) Jun 06, 2014 (Rs) (%) HCL TECH. 1,438.95 1,327.70 8.40% ASIAN PAINTS 542.2 505.35 7.30% GRASIM IND. 3,535.15 3,314.80 6.60% TCS 2,213.55 2,084.25 6.20% INFOSYS LTD 3,187.00 3,003.05 6.10% COMPANY PRICE ON PRICE ON CHANGE Jun 13, 2014 (Rs) Jun 06, 2014 (Rs) (%) DLF LTD 204.9 233.15 -12.10% BHEL 237.75 262.75 -9.50% BPCL 569.75 628.1 -9.30% ONGC 422.65 465.65 -9.20% AXIS BANK 1,818.00 1,973.60 -7.90%
  • 6. India MarketSummary fortheweekended 13-6-2014 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 • Corporate advance tax payment for the first installment which is due by Sunday, 15 June 2014, • The government will announce data on inflation based on the wholesale price index (WPI) for May 2014 at 12:00 noon on Monday, 16 June 2014 • On the global front, the Federal Open Market Committee (FOMC) undertakes monetary policy review at a two-day meeting on Tuesday 17 June 2014 and Wednesday 18 June 2014
  • 7. India MarketSummary fortheweekended 13-6-2014 Market outlook • Advance tax data, April WPI inflation in focus. Corporate advance tax data for the first installment of 15 June, the progress of the monsoon rains, data on inflation based on the wholesale price index for April 2014 and the outcome of a meeting of the US Federal Reserve would determine the trend on the bourses in the near term. • Increase in global crude oil prices caused by escalating violence in Iraq may weigh on sentiment as India imports majority of its crude oil requirements. • Trend in investment by foreign institutional investors, trend in global markets, trend in other global emerging markets and the movement of rupee will continue to drive sentiment on the domestic bourses.
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