Weekly equity report 08 july

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Transcript of Weekly equity report 08 july


2. Weekly fundamental speaks DALAL STREET face INDIAN BENCHMARKS rose to mark their second weekly gain as ITC rose after hiking prices for one of its cigarette brands, while Hindustan Unilever advanced to a record high after parent company Unilever increased its stake in the Indian unit. The rise in global crude oil prices weighed on sentiment towards the lower levels as it impacts India's current account deficit (CAD). Further, investors bought technology shares during the week amid hopes of improvement in quarterly profits as rupee weakened and thereby Shares of information technology (IT) companies such as TCS, INFOSYS were in limelight and gained. The INDIAN BENCHMARKS, SENSEX ended up 100 points or 0.52% at 19,495 and the 50- share NIFTY closed 25 points or 0.44% up at 5,867. GLOBAL MARKET chase ASIAN STOCKS rose after two of Europe's most important central banks surprised the market by assuring investors they were in no hurry to wind down stimulus. U.S. STOCKS rose sharply after robust jobs data pointed to economic growth and investors overcame concerns that the Federal Reserve may begin scaling back its stimulus efforts. EUROPEAN STOCKS dropped after a stronger than expected US jobs report raised expectations that the US Federal Reserve may soon start to slow its stimulus programme. www.capitalstars.com [email protected] Contact: 0731-4757600 3. Week ahead INDIAN INDICES are gearing up for a new earnings season that begins this week when INFOSYS LTD unveils its June-quarter results on JULY 12. A good earnings season for the first quarter of the new fiscal year, which started in April, may help create a strong foundation for FY14 estimates, thereby supporting shares that have been hit hard by rupee volatility. Further, INDUSTRIAL OUTPUT DATA for May CONSUMER PRICE INDEX for June which will be unveiled on Friday will be the key triggers for determining the trend of the Indian benchmarks. With rupee near a record low to dollar, investors are also hopeful for potential government or central bank measures, such as steps to open up more sectors for foreign investment. NIFTY and SENSEX are passing through the bearish phase and searching a certain way although liquidity is going to become a little bit of a concern, but the market prediction is a bit uncertain. So investors are advised to follow sell at high and traders to play with the trend. Happy week ahead!!! www.capitalstars.com [email protected] Contact: 0731-6662200 4. Weekly global numbers ASIAN INDICES INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%) SENSEX 19,352.48 19,640.27 19,147.31 19,495.82 19,395.81 0.52 NIFTY 5,842.20 5,904.05 5,760.55 5,867.90 5,842.20 0.44 NIKKEI 13,746.72 14,309.97 13,562.70 14,309.97 13,677.32 4.63 KOSPI 1,851.57 1,867.18 1,823.10 1,833.31 1,863.32 -1.61 HANG SENG 20,803.29 21,004.56 20,119.56 20,854.67 20,969.14 -0.55 EUROPEAN INDICES INDEX OPEN HIGH LOW CLOSE PRE.CLOSE CHANGE (%) FTSE 6,215.50 6,498.60 6,185.20 6,375.50 6,215.50 2.57 CAC 3,761.57 3,837.39 3,668.77 3,753.85 3,738.91 0.40 DAX 8,000.02 8,031.71 7,730.37 7,806.00 7,959.22 -1.93 US INDICES INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%) NASDAQ 3,430.48 3,479.46 3,415.23 3,479.38 3,403.25 2.24 DOW JONES 14,911.60 15,137.51 14,858.93 15,135.84 14,909.60 1.52 S&P 500 1,609.78 1,632.07 1,604.57 1,631.89 1,606.28 1.59 FIIS & DIIS MOVE CATEGORY BUY VALUE (IN CRORE) SELL VALUE (IN CRORE) NET VALUE (IN CRORE) FII 10533.8 11134.68 -600.88 DII 5237.31 4867.1 370.21 www.capitalstars.com [email protected] Contact: 0731-6662200 5. Weekly NIFTY NUMBERS NIFTY SECTORIAL INDICES SCRIPTS OPEN HIGH LOW CLOSE S&P CNX NIFTY 5834.10 5904.35 5760.40 5867.90 CNX NIFTY JUNIOR 11575.50 11964.85 11570.50 11682.85 CNX IT 6589.30 6674.35 6404.65 6604.70 BANK NIFTY 11597.45 11752.90 11273.60 11434.30 CNX 100 5731.60 5814.20 5671.55 5767.80 NIFTY MIDCAP 50 1894.65 1963.40 1867.45 1900.55 S&P CNX 500 4509.35 4579.30 4467.55 4535.80 WEEKLY NIFTY SMART MOVERS SCRIPTS PRICE VOLUME (IN 000S) PRE. CLOSE CHANGE (%) CHANGE (Rs.) RANBAXY LABS 342.00 2629.54 309.05 10.66 32.95 LUPIN 835.00 908.42 781.45 6.85 53.55 ITC 342.60 9213.09 324.35 5.63 18.25 TATA MOTORS 296.20 8113.83 281.30 5.30 14.90 GAIL INDIA 326.95 2516.74 313.30 4.36 13.65 WEEKLY NIFTY TOP LAGGARDS SCRIPTS PRICE VOLUME PRE. CLOSE CHANGE (%) CHANGE (Rs.) ONGC 316.05 21617.90 331.10 -4.55 -15.05 PNB 625.20 494.33 650.85 -3.94 -25.65 POWERGRID 107.60 7849.87 111.30 -3.32 -3.70 TATA STEEL 264.70 6138.19 273.75 -3.31 -9.05 HDFC 850.10 5139.25 879.05 -3.29 -28.95 www.capitalstars.com [email protected] Contact: 0731-6662200 6. Weekly Technical SPEAKS NIFTY CHART & PIVOT R4 R3 R2 R1 P S1 S2 S3 S4 6,274 6,131 5,987 5,927 5,844 5,784 5,700 5,557 5,413 INDEX RESISTANCE SUPPORT NIFTY R1- 5930 S1- 5800 R2- 5980 S2- 5740 TREND STRATEGY BULLISH BUY ON DIPS www.capitalstars.com [email protected] Contact: 0731-6662200 7. BANK NIFTY FUTURE CHART & PIVOT R4 R3 R2 R1 P S1 S2 S3 S4 12,924 12,445 11,966 11,700 11,486 11,220 11,007 10,528 10,049 INDEX RESISTANCE SUPPORT BANKNIFTY R1- 11650 S1- 11300 R2- 11880 S2- 11150 TREND STRATEGY BULLISH BUY ON DIPS www.capitalstars.com [email protected] Contact: 0731-6662200 8. 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