WEEKLY UPDATES FOR EQUITY MARKET

MARKET ANALYSIS

•  Sensex slips 340 pts on global woes; Q2 nos lift Infosys 7%

•  Infosys Q2 net up 7%, $ revenue rises 3.1%, approves 1:1 bonus

•  HC rules in favour of Vodafone in transfer pricing case

•  PNB cuts term deposit rates for up to 1 year to 8.5%

•  Mkt to become volatile; buy L&T on every dip: Edelweiss

 

NIFTY ANALYSIS

•  Positional Support for NIFTY 7800.

•  Immediate resistance for NIFTY is 8200.

•  Intraday Resistance of NIFTY are 8000:8070

•  Intraday Support of NIFTY are 7910: 7840

•  Oscillator Analysis - The oscillator is showing BUY signal

•  Short Term Oscillator Analysis- The signal is BUY signal.

WEEKLY EQUITY REPORT FOR MARKET

MARKET ANALYSIS

•  Sensex slips 340 pts on global woes; Q2 nos lift Infosys 7%

•  Infosys Q2 net up 7%, $ revenue rises 3.1%, approves 1:1 bonus

•  HC rules in favour of Vodafone in transfer pricing case

•  PNB cuts term deposit rates for up to 1 year to 8.5%

•  Mkt to become volatile; buy L&T on every dip: Edelweiss

NIFTY ANALYSIS

•  Positional Support for NIFTY 7800.

•  Immediate resistance for NIFTY is 8200.

•  Intraday Resistance of NIFTY are 8000:8070

•  Intraday Support of NIFTY are 7910: 7840

•  Oscillator Analysis - The oscillator is showing BUY signal

•  Short Term Oscillator Analysis- The signal is BUY signal.

EQUITY REPORT FOR 10 OCTOBER 2014

ECONOMY ANALYSIS

•  Sensex closes 390 pts up; BHEL, Hindalco surge 6-8%

•  Govt yet to get clarity on HZL divestment from FinMin

•  Flipkart probe scare may not deter online Diwali sale fests

•  Polaris Financial Technology tanks 21%, quotes ex-demerger

•  Taneja Aerospace shares rally 18% on demerger buzz

•  FDI inflows to hit all-time high this fiscal: DIPP official

MARKET ANALYSIS

• The S&P BSE Sensex galloped by as much as 442 points in trade on Thursday to snap its three-day fall, after the US Federal Reserve in its latest policy meet last night reassured investors that the central bank is in no hurry to raise interest rates.

• The S&P BSE Sensex closed 390.49 points higher at 26637.28 and the Nifty ended 117.85 points higher at 7690.55 on Thursday.

• Overnight, the US stocks ended higher by over 1 per cent with major indexes posting their biggest one-day jumps of 2014. Tracking gains on the Wall Street, both the Asian and European stocks duly followed suit.

• Foreign institutional investors (FIIs), which have been the backbone of over 25 per cent rally seen in the BSE Sensex so far in the year 2014, became net sellers in the past couple of weeks.

• FIIs have sold net equities worth Rs 2172.90 crore in the last five trading sessions, while domestic institutional investors (DIIs) remained net buyers.

EQUITY UPDATES FOR 9 OCTOBER 2014

ECONOMY ANALYSIS

•  Sensex ends in red on weak global cues; tech, pharma down 

•  India to raise Rs 50 bn by selling stakes in ITC, L&T, Axis Bank

•  RBI to cut rates by 75 bps in 2015: BofA-ML

•  Infosys, Tech Mahindra, Mindtree dip on Citi downgrade

•  KEC Int up 5% on new orders in T&D, cable, solar businesses

•  India plans to raise near 50 billion rupees through ETF by March 

MARKET ANALYSIS

• The S&P BSE Sensex ended a volatile session on flat-to-negative note as global markets remained under pressure on concerns of global economic  growth. Outflows of dollars from emerging markets including India also  added to the woes.

• The International Monetary Fund has cut global growth forecast and that for emerging market economies as a whole. The IMF expects global economy to grow by 3.8 per cent next year, lower than its July forecast of 4 per cent.

•  The 30-share index ended at 26,246.79, down 25.18 points or 0.10 per cent. It touched a high of 26,338.31 and a low of 26,150.09 in trade today.

• The Nifty closed at 7,842.70, down 9.70 points or 0.12 per cent. It touched a high of 7,869.90 and a low of 7,815.75 in trade today. 

•  The market breadth was negative on the BSE with 1343 gainers against 1562 losers.

Today's Equity Report for Market

ECONOMY ANALYSIS

•  Sensex falls 1%, Nifty ends below 7900; metals, capital goods, banks drag

•  Maxwell Ind soars 13% ahead of board meet for land sale

•  Godrej Properties up 3% on adding new project in Mumbai

•  September India auto sales rise 4.7%; M&M back in 3rd place

•  Ballarpur Ind rallies 14% as IFC to invest in subsidiary 

MARKET ANALYSIS

• The S&P BSE Sensex ended nearly 300 points lower following a sharp correction in European markets. Nifty has breached 50-day DMA and further downside in the near term can't be ruled out, say analysts. 

•  The 50-share index closed at 7,852.40, down 93.15 points or 1.17 per cent. The S&P BSE Sensex ended at 26,271.97, down 296.02 points or 1.11 percent. 

•  DLF (5.68%), NMDC (5.57%), Jindal Steel (4.92%), HindalcoBSE -4.35 % (4.90%) and Sesa Sterlite (4.49%) were among the top losers. 

•  Foreign institutional investors, which were largely responsible for an over 25 per cent rally seen in the BSE Sensex, have become net sellers of Indian  equities in the last five trading sessions.

•  As per provisional data, FIIs have sold net of Rs 2583.95 in the last five trading sessions, while DIIs or domestic institutional investors remain net  buyers. 

7 OCTOBER EQUITY REPORT

ECONOMY ANALYSIS

• Choppy Sensex closes lower; heavyweights drag, IT shines

•  HOV Services spikes 20%, co to sell stake in SourceHOV

•  Jet Airways, SpiceJet soar 5-6% on fuel price cut

•  Videocon D2H files for IPO to raise up to Rs 700 cr

•  Hero Moto up 3%, co logs bumper Sep sales on festive spark

•  Infosys, TCS up on dollar gains & strong Q2 earnings hope 

MARKET ANALYSIS

• The S&P BSE Sensex ended in the negative territory as investors chose to stay light ahead of the long week-end. All the sectoral indices, barring the IT space, closed in the red with oil & gas, capital goods and power leading the decline. 

•  The 30-share index closed at 26,549.74, down 80.77 points or 0.30 per cent. It touched a high of 26,683.70 and a low of 26,548.22 in trade today. 

•  The Nifty ended at 7,945.55, down 19.25 points or 0.24 per cent. It touched a high of 7,977.50 and a low of 7,936.70 in trade today. 

•  Power (2.29 per cent), GAIL (2.26 per cent) and Reliance Industries (2.05 percent) were among the top losers. 

•  Wipro (up 3.13 per cent), Infosys (up 2.62 per cent), M&M (up 2.25 per cent), TCS (up 1.34 per cent) and Hero MotoCorp (up 1.15 per cent) were among the Sensex gainers. 

•  The market breadth was positive on the BSE with 1282 gainers against 1635 losers.

ECONOMY AND MARKET ANALYSIS FOR 1 OCTOBER

ECONOMY ANALYSIS

• Nifty ends below 8000; Sun Pharma & ITC up, Bankex in red

• Rajan keeps rates on hold, says 6% inflation target for 2016 at risk

• HDIL up 5%, promoters revoke pledged shares in IL&FS Trust

• PC Jeweller surges 9%; bets on e-tailing, joins Flipkart

• Just Dial gets land for IT park in Karnataka

•  Sterlite Technologies rallies on JV with Japanese company

MARKET ANALYSIS

• After a roller coaster ride, the equity benchmarks managed to close with marginal gains on Tuesday amid announcement of RBI policy. Indices  climbed nearly a percent intraday before erasing gains in last couple of hours  of trade today. 

•  The 30-share BSE Sensex rose 33.40 points to close at 26630.51 after hitting an intraday high of 26851.33 and low of 26481.31. The 50-share NSE Nifty  reclaimed the 8000 level but failed to hold the same, up 5.90 points to end the  day at 7964.80. 

•  The broader markets too saw cut in gains, ending with 0.1 percent upmove but the market breadth was negative. About 1370 shares advanced while 1527  shares declined on the Bombay Stock Exchange. Experts believe the  consolidation may continue in near term due to lack of triggers. As the RBI  event is behind us, the market will closely watch July-September quarter  earnings that will kick off with Infosys’ numbers on October 10, say experts.