Weekly equity report 9

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  • 1.WEEKLY EQUITY REPORT 9TH JUNE 2014 CAME To A PAUSE.

2. Weekly fundamental speaks DALAL STREET face INDIAN BENCHMARKS rebounded quite sharply this week, hitting historic highs on hopes of policy reforms from oil, finance and food ministries ahead of Union Budget. The Reserve Bank of India kept repo rate and cash reserve ratio unchanged but slashed statutory liquidity ratio by 50 basis points to 22.5 percent. Maruti Suzuki India reported a 16% increase in its domestic sales in May. The company sold 90,560 units compared with 77,821 units a year ago. The IDFC Board gave in principle approval for the proposed domestic fund raising to bring down the Foreign Shareholding in IDFC below 50%. The INDIAN BENCHMARKS SENSEX ended 376 point up at 25396 and the 50-share NIFTY closed 109 point up at 7583.40. GLOBAL MARKET chase ASIAN STOCKS were mixed, showing little reaction to the European Central Bank's move to introduce negative deposit rates, but alert ahead of U.S. jobs data. U.S. STOCKS rose after data revealed the U.S. economy added more than 200,000 new nonfarm payrolls in May for a fourth consecutive month. EUROPEAN STOCKS rose, as European regulators have completed their assessment of drug manufacturing violations at Ranbaxy Laboratories Ltd's facility in Toansa, India. www.capitalstars.com info@capitalstars.com Contact: 0731-6790000 Contact: 0731-4757600 3. Week ahead INDIAN INDICES could hit new record highs on continued hopes that Asia's third largest economy will rebound under the new government. Investors will track economic indicators, including May consumer prices and April industrial output due on Thursday, June 12. Further, News related to the upcoming budget and to potential reforms by the Narendra Modi government will also be key, as will foreign investor flows after overseas funds brought in $8.3 billion in Indian stocks so far in 2014. Happy week ahead!! www.capitalstars.com info@capitalstars.com Contact: 0731-6790000 Contact: 0731-4757600 4. Weekly global numbers ASIAN INDICES INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%) SENSEX 24368.96 25419.14 24270.20 25396.46 24217.34 4.87 NIFTY 7264.05 7592.70 7239.50 7583.40 7229.95 4.89 NIKKEI 14777.51 15144.34 14777.51 15077.24 14632.38 3.04 KOSPI 1998.81 2008.56 1986.95 1995.48 1994.96 0.03 HANG SENG 23327.51 23327.51 22950.67 22951.00 23081.65 -0.57 0.20EUROPEAN INDICES INDEX OPEN HIGH LOW CLOSE PRE.CLOSE CHANGE (%) FTSE 6844.50 6874.40 6795.30 6858.20 6844.50 0.20 CAC 4523.90 4586.68 4470.47 4581.12 4519.57 1.36 DAX 9986.86 10013.69 9866.97 9987.19 9943.27 0.44 US INDICES INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%) NASDAQ 4247.96 4322.51 4207.61 4321.40 4242.62 1.86 DOW JONES 16716.85 16924.28 16673.65 16924.28 16717.17 1.24 S&P 500 1,923.87 1949.44 1915.98 1949.44 1923.57 1.34 FIIS & DIIS MOVE CATEGORY BUY VALUE (IN CRORE) SELL VALUE (IN CRORE) NET VALUE (IN CRORE) FII 24399.28 20937.69 3461.59 DII 6808.91 7598.85 -789.94 www.capitalstars.com info@capitalstars.com Contact: 0731-6790000 5. Weekly NIFTY NUMBERS NIFTY SECTORIAL INDICES SCRIPTS OPEN HIGH LOW CLOSE S&P CNX NIFTY 7264.05 7592.70 7239.50 7583.40 CNX NIFTY JUNIOR 15576.00 16614.20 15571.75 16601.15 CNX IT 8986.50 9253.65 8877.75 8970.30 BANK NIFTY 14786.45 15576.05 14770.00 15543.15 CNX 100 7214.55 7562.25 7194.85 7554.80 NIFTY MIDCAP 50 3058.35 3373.85 3058.15 3370.50 S&P CNX 500 5829.10 6134.15 5818.30 6129.95 WEEKLY NIFTY SMART MOVERS SCRIPTS PRICE VOLUME (IN 000S) PRE. CLOSE CHANGE (%) CHANGE (Rs.) ONGC 465.65 5614.39 378.15 23.14 87.50 BPCL 628.10 1625.69 521.90 20.35 106.20 TATA STEEL 560.65 5197.15 475.10 18.01 85.50 HERO MOTOCORP 2682.75 553.04 2345.85 14.36 336.90 HINDALCO 169.25 11040.94 148.00 14.36 21.25 WEEKLY NIFTY TOP LAGGARDS SCRIPTS PRICE VOLUME PRE. CLOSE CHANGE (%) CHANGE (Rs.) HCL TECH 1327.70 882.87 1418.55 -6.40 -90.85 DR REDDY 2354.05 2122.80 2460.65 -4.33 -106.60 TCS 2084.25 1292.82 2141.35 -2.67 -57.10 SUN PHARMA 599.65 9956.16 610.65 -1.80 -11.00 ITC 336.70 7364.59 341.75 -1.48 -5.05 www.capitalstars.com info@capitalstars.com Contact: 0731-6790000 6. Weekly Technical SPEAKS NIFTY CHART & PIVOT R4 R3 R2 R1 P S1 S2 S3 S4 8531 8173 7825 7704 7471 7351 7118 6765 6412 INDEX RESISTANCE SUPPORT NIFTY R1- 7625 S1- 7350 R2- 7700 S2- 7220 TREND STRATEGY BULLISH BUY ON DIPS www.capitalstars.com info@capitalstars.com Contact: 0731-6790000 7. BANK NIFTY FUTURE CHART & PIVOT R4 R3 R2 R1 P S1 S2 S3 S4 18004 17101 16198 15884 15295 14981 14392 13489 12587 INDEX RESISTANCE SUPPORT BANKNIFTY R1- 15625 S1-15110 R2- 15995 S2- 14675 TREND STRATEGY BULLISH BUY ON DIPS www.capitalstars.com info@capitalstars.com Contact: 0731-6790000 8. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this Web site in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. 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