1. India Market Summary for the week ended 18-10-2013
I Review of the Week
Market review for the week ended 18 October 2013
• Market gains during the week on bets Fed to delay taper.
• Sustained buying by foreign institutional investors amid speculation that
partial US government shutdown this month will curb economic growth in
the world's biggest economy and lead the Federal Reserve to maintain
monetary stimulus to the US economy into 2014 lifted Indian stocks during
the truncated trading week.
• The lion's part of the weekly gains materialized on the last trading session
of the week i.e. on Friday. Fed's bond-buying program has been a source of
liquidity for most Asian and emerging markets this year.
• Sensex jumped 1.73% to settle at 20,882.89 and Nifty jumped 1.52% to
settle at 6,189.35 in the week ended Friday, 18 October 2013.

2. India Market Summary for the week ended 18-10-2013
Government Policies during the week
• Reserve Bank of India Governor said that the economy will pick up by the year-end
thanks to the start-up of billions of dollars worth of stalled resource projects and a
good monsoon season that will bolster agricultural production
Economic data
• WPI inflation accelerated to 6.46% in September 2013, from 6.1% in August 2013.
Core inflation accelerated to 2.06% in September 2013 from 1.97% in August 2013.
Build up of inflation rate in the financial year so far was 5.64% compared to 4.84%
in the corresponding period of the previous year.
• The annual rate of inflation based on the combined consumer price index (CPI) for
urban and rural India rose 9.84% in September 2013, from 9.52% in August 2013

3. Corporate Announcements
• Some metal and mining shares rose sharply. Steel major Tata Steel jumped
6.72%. Sesa Sterlite jumped 6.6%
• Bharti Airtel jumped 6.59% Reliance Industries (RIL) rose 4.9%
• TCS dropped on profit taking after the IT major reported strong Q2 results. The
company's consolidated net profit rose 20.7% to Rs 4633 crore on 16.6% growth in
revenue to Rs 20977 crore in Q2 September 2013 over Q1 June 2013.
• Wipro rose 3.81%. The company is scheduled to unveil Q2 September 2013 results
on 22 October 2013.
• Shares of index heavyweight and cigarette major ITC rose 3.5%. ONGC rose
2.75% .
• HDFC Bank rose on strong Q2 results. HDFC Bank's net profit rose 27.07% to Rs
1982.32 crore on 17.65% rise in total income to Rs 11937.69 crore in Q2
September 2013 over Q2 September 2012.
• Bajaj Auto rose 0.61% after net profit rose 13% to Rs 837 crore on 3% rise in
turnover to Rs 5299 crore in Q2 September 2013 over Q2 September 2012

4. India Market Summary for the week ended 18-10-2013
Top Gainers and Losers of the week (NSE)
PRICE ON
JAIPRAKASH ASSO.
BPCL
TATA STEEL
BHARTI AIRTEL
SESA STERLITE
COMPANY
HCL TECH.
INDUSIND BANK
CIPLA
GAIL
TATA POWER
Oct 18, 2013
(Rs)
47.05
362.2
328.9
356.75
194.9
Oct 11, 2013
(Rs)
39.75
338.95
307.9
334.55
183.2
PRICE ON
COMPANY
PRICE ON
PRICE ON
Oct 18, 2013
(Rs)
1,102.60
413.65
415.3
327.2
79.85
Oct 11, 2013
(Rs)
1,157.45
428
429.2
336.3
81.75
CHANGE
(%)
18.40%
6.90%
6.80%
6.60%
6.40%
CHANGE
(%)
-4.70%
-3.40%
-3.20%
-2.70%
-2.30%

5. India Market Summary for the week ended 18-10-2013
II Forth coming week
Government policies / announcements
• The next major event on the domestic front is the Reserve Bank of
India's monetary policy review on 29 October 2013
Economic data
• Nil

6. India Market Summary for the week ended 18-10-2013
Market outlook
• Market may follow the next batch of Q2 results. Indian investors will focus
on the likely impact of 16-day US government shutdown this month on
monetary stimulus for the US economy.
• Fed's bond-buying program has been a source of liquidity for most Asian
and emerging markets this year. The shutdown has shaved at least 0.6%
from annualized US fourth-quarter GDP growth, global rating agency
Standard & Poor's said on 16 October 2013. After risking a US default, US
lawmakers on 16 October 2013 agreed to fund the government through Jan.
15 and suspend the debt limit through Feb. 7.
• US President Barack Obama on 17 October 2013 said that the stalemate
over US fiscal policy that shut the government for 16 days "encouraged our
enemies" and slowed economic growth.
• The Federal Open Market Committee (FOMC) holds a two-day policy
meeting on 29-30 October 2013. On 18 September 2013, the Fed surprised
economists and investors with its decision to delay scaling back its stimulus
amid concerns about the strength of the economic recovery.

7. India Market Summary for the week ended 18-10-2013
Sector Outlook
Market may follow the liquidity flows, global macros and local political
changes. In near term, funds flow from foreign investors may continue
due to delay of tapering programme by Fed, the debt crisis and RBI
governor Raghuram Rajan effectively making case for the country at
the IMF meet will benefit the environment.
Based on latest quarter performance and future earnings expectations,
investors can buy
• Sesa Sterlite
• Tata Global Beverage and
• TNPL

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