Equity Markets settle in green in fourth straight session - Jainam Research

4
Registered Office: Malhar Complex, Dumas Road, Ichchanath, Surat 395007. Tel: 0261-305 5555 E-mail: [email protected] Daily Post Market Review Report Details 1. Closing Commentary 2. News Round ups Domestic 3. Asian Indices 4. Top 5 Gainers 5. Top 5 Losers Equity Report 14 th Aug, 2014 Visit us at www.Jainam.in

description

 

Transcript of Equity Markets settle in green in fourth straight session - Jainam Research

Page 1: Equity Markets settle in green in fourth straight session - Jainam Research

Registered Office: Malhar Complex, Dumas Road, Ichchanath, Surat – 395007.

Tel: 0261-305 5555 E-mail: [email protected]

Daily Post Market Review

Report Details –

1. Closing Commentary

2. News Round ups – Domestic

3. Asian Indices

4. Top 5 Gainers

5. Top 5 Losers

Equity Report

14th Aug, 2014

Visit us at www.Jainam.in

Page 2: Equity Markets settle in green in fourth straight session - Jainam Research

Registered Office: Malhar Complex, Dumas Road, Ichchanath, Surat – 395007.

Tel: 0261-305 5555 E-mail: [email protected]

Post session - Quick Review

Extending its northbound journey, Indian equity markets concluded in green for fourth consecutive

session on Thursday, amassing gains of over three fourth of a percent, which took both Sensex and

Nifty above the psychologically crucial 25,900 and 7,750 levels respectively. Gains of local equity

markets, in line with other emerging markets came after a flood of soft economic data led investors to

wager on a ceaseless fountain of stimulus from major central banks. An economic contraction in

Japan, a shock fall in Chinese loans, a surprisingly dovish turn by the Bank of England and a sluggish

reading on U.S. retail sales all combined to make any tightening in policy seem a very distant prospect.

Back home, investors also drew heart from good macro-economic data after India's main inflation

gauge, based on monthly WPI, softened to five months low of 5.19% for the month of July as

compared to 5.43% in the previous month and 5.85% during the corresponding month of the previous

year. Thus, rallying for four consecutive session, both Sensex and Nifty for the holiday truncated week,

ended with gains around 3%. Meanwhile, broader indices while for the session rallied over 1.15% for

the session, for the week, NSE Midcap index accumulated gains of around 1.50%. However, BSE Small-

cap index following different trend, snapped the week with a cut of around 0.04%.

Most of the sectoral indices on BSE concluded in the positive terrain, with exception being stocks from

Information Technology (IT) counter which was the only weak spell of trade. Rupee’s appreciation in

today’s trading session mainly led to drubbing in IT stocks. On the flip side, stocks from Realty,

Consumer Durables, Capital Goods counters were the prominent gainers of the session. Most realty

stocks gained after the latest data showed inflation based on wholesale price index (WPI) eased in July

as purchases of both residential and commercial property are largely driven by finance. Meanwhile,

metal and mining stocks rose on speculation the Chinese government will take steps to support its

7.5% expansion target, after data released on Wednesday showed plunge in credit expansion in July

and unexpected slowdown in investment spending.

The broader indices too ended higher; the BSE Mid cap index was up by 1.20%, while Small cap index

up by 1.16%.(Provisional)

The gaining sectoral indices on the BSE were Consumer Durables up by 2.08%, Metal up by 1.94%,

Capital Goods up by 1.78%, Realty up by 1.75%, Power up by 1.49% while, IT down by 0.08%, TECK

down by 0.05% were the losing indices on BSE. (Provisional)

The CNX Nifty ended higher at 7791.70, up by 52.15 points or 0.67% after trading in a range of

7739.10 and 7796.70. 38 stocks advanced against 12 stocks declining stocks on the index. (Provisional)

Page 3: Equity Markets settle in green in fourth straight session - Jainam Research

Registered Office: Malhar Complex, Dumas Road, Ichchanath, Surat – 395007.

Tel: 0261-305 5555 E-mail: [email protected]

International Market:

Asian Indices Last Trade Change in Points Change in %

Shanghai Composite 2206.47 -16.41 -0.74

Hang Seng 24801.36 -88.98 -0.36

Jakarta Composite 5155.55 -12.72 -0.25

KLSE Composite 1861.58 3.54 0.19

Nikkei 225 15314.57 100.94 0.66

Straits Times 3294.83 -6.58 -0.20

KOSPI Composite 2063.22 0.86 0.04

Taiwan Weighted 9230.61 -0.70 -0.01

Sensex Top 5 Gainers:

Company Current Price % Change

GAIL 426 3.79

SSLT 288.30 2.80

TATA MOTORS 484.60 2.53

TATA POWER 90.70 2.37

ONGC 409.95 2.03

Sensex Top 5 Losers:

Company Current Price % Change

HEROMOTO 2510.95 -2.69

HDFC 1124.50 -1.44

HINDALCO 178.50 -0.83

BHARTI AIRTEL 365.55 -0.75

HUL 714.05 -0.61

* Data are subject to change as per Market.

Page 4: Equity Markets settle in green in fourth straight session - Jainam Research

Registered Office: Malhar Complex, Dumas Road, Ichchanath, Surat – 395007.

Tel: 0261-305 5555 E-mail: [email protected]

Research Team

Reports Published By Research Department:

Disclaimer

This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.

This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Jainam Share Consultants Pvt. Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.

We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Jainam Share Consultant Pvt. Ltd., nor any person connected with it nor any author of the reports accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. No part of this material may be duplicated in any form and/or redistributed without Jainam Share Consultants Pvt. Ltd.’ prior written consent. Abbreviation: Sup= support, Res= resistance, DMA= daily moving average, OI= open interest. Some figures are squared up to the nearest.

Tejas Jariwala Research Analyst 0261- 3087016 [email protected] Yagnesh Patel Research Executive 0261- 3087014 [email protected] Nirav Kasariwala Research Executive 0261- 3087015 [email protected] Hetal Bhasali Research Executive 0261- 3087015 [email protected]

Jinal Mandavawala Jr. Research Executive 0261- 3087014 [email protected]

Jimit Zaveri Jr. Research Executive 0261- 3087016 [email protected] Isha.Soni Jr. Research Executive 0261- 3087016 [email protected] Jimit Zaveri Jr. Research Executive 0261- 3087016 [email protected]

Daily Market Mirror

Daily Derivative Mirror

Weekly Equity Mirror

Weekly Commodity Mirror

Event Analysis Report

IPO/FPO Analysis

Fundamental Analysis Report

Techno- Funda Report