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India MarketSummary fortheweekended 20-9-2013
I Review of the Week
Market review for the week ended 20 September 2013
• Market edged higher in the week gone by as the rupee continued to firm against the dollar
since hitting record low.
• Markets rallied on Thursday after the US Federal Reserve after a monetary policy review
on Wednesday decided to maintain stimulus to the US economy through monthly bond
purchases of $85 billion.
• However, markets dropped on Friday after the Reserve Bank of India, in a surprise
decision, raised its key policy rate viz. the repo rate by 25 basis points to 7.5% from
7.25% after a monetary policy review.
• Sensex settled above the psychological 20,000 level and Nifty finished above the
psychological 6,000 mark.
• The Sensex gained in four out of five trading sessions in the week.
• Sensex gained 2.69% to 20,263.71 and Nifty advanced 2.76% to 6,012.10 for the week
ended Friday, 20 September 2013.
• Among the 30-share Sensex pack, 23 stocks gained and rest of them fell
• WTO has forecast growth in world trade in 2013 at 2.5% against 3.3% projected in April
and 4.3% earlier in the year.
• WTO has also lowered growth projection for 2014 to 4.5% from 5% predicted in April. .
India MarketSummary fortheweekended 20-9-2013
Government Policies during the week
• The Reserve Bank of India increased the policy repo rate under the liquidity
adjustment facility (LAF) by 25 basis points to 7.5% from 7.25% with
immediate effect after mid-quarter monetary policy review on Friday, 20
September 2013
• The minimum daily maintenance of the CRR prescribed by the Reserve Bank of
India has been brought down from 99% of the requirement to 95% from the
fortnight beginning 21 September 2013.
• Fitch Ratings on Thursday sharply lowered its forecast on India's GDP growth
this fiscal year to 4.8% from its forecast of 5.7% made in June
Economic data
• Foreign direct investment inflows into India rose an annual 12.9% to $1.66
billion in July 2013
• The annual rate of inflation, based on the monthly wholesale price index
(WPI), accelerated to 6.1% in August 2013 from 5.79% in July 2013.
• Build up inflation rate in the financial year so far was 3.91% compared to a
build up rate of 4.35% in the corresponding period of the previous year
Corporate Announcements
• ITC surged 7.19%; its hospitality unit ITC Hotels said it has tied up with RP Group Hotels &
Resorts to manage 5 hotels in India and Dubai, under ITC Hotels' 5-star 'WelcomHotel' brand
and the group's mid-market to upscale 'Fortune' brand.
• Maruti Suzuki India jumped 11.01% after said that a minor fire was reported earlier on
Wednesday from one of the heat treatment furnaces at Maruti Suzuki Manesar Powertrain
plant.
• M&M rose 5.15% on expectations of increase in tractor sales due to good rains this year.
• Dr Reddy's Laboratories rose 5.06% after the company secured USFDA nod for Azacitidine
for injection 100 mg/vial, a bioequivalent generic version of VIDAZA (azacitidine for
injection).
• Wipro jumped 4.38% ahead of its entry in the 50-unit CNX Nifty next week. Wipro becomes
a part of the Nifty with effect from 27 September 2013. The IT major replaces Reliance
Infrastructure in Nifty.
• GAIL (India) (up 8.7%), Jindal Steel & Power (up 8.05%), Bharti Airtel (up 5.69%), Tata
Power Company (up 4.98%) and NTPC (up 4.82%) edged higher from the Sensex pack.
• BHEL (down 4.99%), Sesa Goa (down 2.99%), Cipla (down 2.45%) and Infosys (down
1.08%) edged lower from the Sensex pack.
India MarketSummary fortheweekended 20-9-2013
Top Gainers and Losers of the week (NSE)
COMPANY
PRICE ON PRICE ON CHANGE
Sep 20, 2013
(Rs)
Sep 13, 2013
(Rs)
(%)
GRASIM IND. 2,820.95 2,527.95 11.60%
MARUTI SUZUKI 1,467.25 1,315.90 11.50%
BPCL 337.95 305.15 10.70%
ASIAN PAINTS 488.15 442.35 10.40%
GAIL 340 313.8 8.30%
COMPANY
PRICE ON PRICE ON CHANGE
Sep 20, 2013
(Rs)
Sep 13, 2013
(Rs)
(%)
RANBAXY LAB 333.85 457.2 -27.00%
BHEL 135.5 142.85 -5.10%
HERO MOTOCORP 1,981.65 2,051.70 -3.40%
DLF LTD 151.5 156.85 -3.40%
SESA GOA LTD 178 183.9 -3.20%
India MarketSummary fortheweekended 20-9-2013
II Forth coming week
Government policies / announcements
• Nil
Economic data
• The September 2013 F&O contracts expires on Thursday, 26
September 2013.
India MarketSummary fortheweekended 20-9-2013
Market outlook
• Trend in investment flows of foreign institutional investors (FIIs) and movement in
other emerging markets may determine near term trend on the domestic bourses.
• The market may remain volatile as traders roll over positions in the futures &
options (F&O) segment from the near month September 2013 series to October 2013
series ahead of the expiry of the September 2013 F&O contracts on Thursday, 26
September 2013.
• Emerging markets like India will likely see more international inflows, including
from exchange-traded funds after the US Federal Reserve after a monetary policy
review on 18 September 2013 decided to maintain stimulus to the US economy
through monthly bond purchases of $85 billion.
• On the global front, the focus is on the national elections in Germany, Europe's
biggest economy, to be held on Sunday, 22 September 2013.
• Markit Economics will release the HSBC China Flash Manufacturing PMI for
September 2013 on Monday, 23 September 2013. Markit Economics will also
release Markit US Flash Manufacturing PMI for September 2013
India MarketSummary fortheweekended 20-9-2013
Sector Outlook
Recently rally in the market is a liquidity driven rally and FII flows also contributed to
some extent. However, it is better to utilize the opportunity of upside to book profits,
especially in bank stocks. This is because that there is possibility of further rate hike
by RBI. Hence book profits on banks stocks
Investors can go for IT, FMCG and Pharma stocks. Declining rupee may support
the rally of IT stocks and pharmaceutical sector has got a strong future outlook. FMCG
is a defensive sector and investor can buy at declines
Investor can buy the following stocks
• Buy Wipro and HCL Tech
• Buy Sunpharma and Drreddy
• Buy Hindlever and ITC at declines
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 044-
32983431/ 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

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Market summary pptx for the week ended 20-9-2013

  • 1. India MarketSummary fortheweekended 20-9-2013 I Review of the Week Market review for the week ended 20 September 2013 • Market edged higher in the week gone by as the rupee continued to firm against the dollar since hitting record low. • Markets rallied on Thursday after the US Federal Reserve after a monetary policy review on Wednesday decided to maintain stimulus to the US economy through monthly bond purchases of $85 billion. • However, markets dropped on Friday after the Reserve Bank of India, in a surprise decision, raised its key policy rate viz. the repo rate by 25 basis points to 7.5% from 7.25% after a monetary policy review. • Sensex settled above the psychological 20,000 level and Nifty finished above the psychological 6,000 mark. • The Sensex gained in four out of five trading sessions in the week. • Sensex gained 2.69% to 20,263.71 and Nifty advanced 2.76% to 6,012.10 for the week ended Friday, 20 September 2013. • Among the 30-share Sensex pack, 23 stocks gained and rest of them fell • WTO has forecast growth in world trade in 2013 at 2.5% against 3.3% projected in April and 4.3% earlier in the year. • WTO has also lowered growth projection for 2014 to 4.5% from 5% predicted in April. .
  • 2. India MarketSummary fortheweekended 20-9-2013 Government Policies during the week • The Reserve Bank of India increased the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 7.5% from 7.25% with immediate effect after mid-quarter monetary policy review on Friday, 20 September 2013 • The minimum daily maintenance of the CRR prescribed by the Reserve Bank of India has been brought down from 99% of the requirement to 95% from the fortnight beginning 21 September 2013. • Fitch Ratings on Thursday sharply lowered its forecast on India's GDP growth this fiscal year to 4.8% from its forecast of 5.7% made in June Economic data • Foreign direct investment inflows into India rose an annual 12.9% to $1.66 billion in July 2013 • The annual rate of inflation, based on the monthly wholesale price index (WPI), accelerated to 6.1% in August 2013 from 5.79% in July 2013. • Build up inflation rate in the financial year so far was 3.91% compared to a build up rate of 4.35% in the corresponding period of the previous year
  • 3. Corporate Announcements • ITC surged 7.19%; its hospitality unit ITC Hotels said it has tied up with RP Group Hotels & Resorts to manage 5 hotels in India and Dubai, under ITC Hotels' 5-star 'WelcomHotel' brand and the group's mid-market to upscale 'Fortune' brand. • Maruti Suzuki India jumped 11.01% after said that a minor fire was reported earlier on Wednesday from one of the heat treatment furnaces at Maruti Suzuki Manesar Powertrain plant. • M&M rose 5.15% on expectations of increase in tractor sales due to good rains this year. • Dr Reddy's Laboratories rose 5.06% after the company secured USFDA nod for Azacitidine for injection 100 mg/vial, a bioequivalent generic version of VIDAZA (azacitidine for injection). • Wipro jumped 4.38% ahead of its entry in the 50-unit CNX Nifty next week. Wipro becomes a part of the Nifty with effect from 27 September 2013. The IT major replaces Reliance Infrastructure in Nifty. • GAIL (India) (up 8.7%), Jindal Steel & Power (up 8.05%), Bharti Airtel (up 5.69%), Tata Power Company (up 4.98%) and NTPC (up 4.82%) edged higher from the Sensex pack. • BHEL (down 4.99%), Sesa Goa (down 2.99%), Cipla (down 2.45%) and Infosys (down 1.08%) edged lower from the Sensex pack.
  • 4. India MarketSummary fortheweekended 20-9-2013 Top Gainers and Losers of the week (NSE) COMPANY PRICE ON PRICE ON CHANGE Sep 20, 2013 (Rs) Sep 13, 2013 (Rs) (%) GRASIM IND. 2,820.95 2,527.95 11.60% MARUTI SUZUKI 1,467.25 1,315.90 11.50% BPCL 337.95 305.15 10.70% ASIAN PAINTS 488.15 442.35 10.40% GAIL 340 313.8 8.30% COMPANY PRICE ON PRICE ON CHANGE Sep 20, 2013 (Rs) Sep 13, 2013 (Rs) (%) RANBAXY LAB 333.85 457.2 -27.00% BHEL 135.5 142.85 -5.10% HERO MOTOCORP 1,981.65 2,051.70 -3.40% DLF LTD 151.5 156.85 -3.40% SESA GOA LTD 178 183.9 -3.20%
  • 5. India MarketSummary fortheweekended 20-9-2013 II Forth coming week Government policies / announcements • Nil Economic data • The September 2013 F&O contracts expires on Thursday, 26 September 2013.
  • 6. India MarketSummary fortheweekended 20-9-2013 Market outlook • Trend in investment flows of foreign institutional investors (FIIs) and movement in other emerging markets may determine near term trend on the domestic bourses. • The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month September 2013 series to October 2013 series ahead of the expiry of the September 2013 F&O contracts on Thursday, 26 September 2013. • Emerging markets like India will likely see more international inflows, including from exchange-traded funds after the US Federal Reserve after a monetary policy review on 18 September 2013 decided to maintain stimulus to the US economy through monthly bond purchases of $85 billion. • On the global front, the focus is on the national elections in Germany, Europe's biggest economy, to be held on Sunday, 22 September 2013. • Markit Economics will release the HSBC China Flash Manufacturing PMI for September 2013 on Monday, 23 September 2013. Markit Economics will also release Markit US Flash Manufacturing PMI for September 2013
  • 7. India MarketSummary fortheweekended 20-9-2013 Sector Outlook Recently rally in the market is a liquidity driven rally and FII flows also contributed to some extent. However, it is better to utilize the opportunity of upside to book profits, especially in bank stocks. This is because that there is possibility of further rate hike by RBI. Hence book profits on banks stocks Investors can go for IT, FMCG and Pharma stocks. Declining rupee may support the rally of IT stocks and pharmaceutical sector has got a strong future outlook. FMCG is a defensive sector and investor can buy at declines Investor can buy the following stocks • Buy Wipro and HCL Tech • Buy Sunpharma and Drreddy • Buy Hindlever and ITC at declines
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