Indian equity markets booked marginal losses this week as disappointing operating
margins posted by IT bellwether Infosys and muted full-year constant
currency guidance. WPI inflation data due out on Monday will have some bearing on
sentiment, especially after the recent diesel price hike. The WPI print for September
could partly influence RBI’s stance at its month-end policy review. Technically Nifty is
expected to remain consolidate this week; Nifty this week may range 5550-5830.
2. Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
Volume Toppers
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
3. MARKET WRAP
Nifty and Sensex loses moderately; down 1.2-1.4% each this week.
U.S. Unemployment claims came at 339K; Trade balance came at (-) 44.2B.
U.S. & Euro market were red; Asian markets too booked losses this week.
Indian equity markets booked marginal losses this week as disappointing operating
margins posted by IT bellwether Infosys and muted full-year constant
currency guidance. WPI inflation data due out on Monday will have some bearing on
sentiment, especially after the recent diesel price hike. The WPI print for September
could partly influence RBI’s stance at its month-end policy review. Technically Nifty is
expected to remain consolidate this week; Nifty this week may range 5550-5830.
India’s annual consumer price inflation fell in Sep to 9.73%, driven by a marginal fall in
fuel and food prices, Food prices for consumers fell to 11.6% in Sep from 12% in Aug.
Index of Industrial Production (IIP) for the month of August grew at 2.7 percent versus a
paltry -0.2 percent (revised from 0.1) in July. In the April-August period, industrial
production expanded an annual 0.4 percent. Manufacturing, which constitutes about
76% of industrial production, grew an annual 2.9%, mining sector grew at 2%.
Stocks wrapped up their worst week in four months as results ignited concerns about
shrinking profit margins for big lenders. Investors, worried about China's slowing
economy and Europes debt crisis, appear to be tiptoeing into a little loved sector - US
small caps. OECD) has sounded a warning over the ever-escalating public debt in
Japan today. The world's third-largest economy might have to push through further tax
and immigration reform over time.
4. MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Burnpur Cement 12.10 8.30 3.80 45.78
Microsec Financial 40.95 30.40 10.55 34.70
Wanbury 28.30 22.00 6.30 28.64
Sun Pharma Adv. 106.50 84.80 21.70 25.59
Paramount Comm 2.05 1.65 0.40 24.24
NSE LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Tulip Telecom 35.20 45.40 -10.20 -22.47
Raj Oil Mills 5.60 7.20 -1.60 -22.22
Pradip Overseas 76.55 97.30 -20.75 -21.33
Blue Chip India 0.60 0.75 -0.15 -20.00
EmkayGlobal 25.55 31.05 -5.50 -17.71
VOLUME TOPPERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in
(‘000s)
Kingfisher Airlines 11.40 11.45 -0.44 14386.40
DB Realty 94.05 89.60 4.97 9103.23
Unitech 26.30 27.20 -3.31 8866.20
TV18 Broadcast 25.00 24.65 1.42 7764.07
Cals Refineries 0.14 0.14 0.00 7537.43
5. SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 12-Oct-2012 21136.43 124.05 0.59
Jakarta
Indonesia 12-Oct-2012 4311.39 0.08 0.00
Composite
Nikkei 225 Japan 12-Oct-2012 8534.12 -329.18 -3.71
KLSE
Malaysia 12-Oct-2012 1653.36 -6.87 -0.41
Composite
Seoul
South Korea 12-Oct-2012 1933.26 -61.91 -3.10
Composite
Strait Times Singapore 12-Oct-2012 3041.75 -66.12 -2.13
United
FTSE 100 12-Oct-2012 5793.32 -77.70 -1.32
Kingdom
United
Nasdaq 12-Oct-2012 3044.11 -92.08 -2.94
States
United
DJIA 12-Oct-2012 13328.85 -281.30 -2.07
States
United
S&P 500 12-Oct-2012 1428.59 -32.34 -2.21
States
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5676.05 -70.90 -1.23
BANK NIFTY 11423.80 -151.95 -1.31
SENSEX 18675.18 -263.18 -1.39
7. BANK NIFTY
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 11984 11812 11640 11528 11468 11356 11296 11124 10952
OUTLOOK
Trend: - Bullish
Resistance: - 1175 12000
50,
Support: - 11200, 10800
,
Strategy: - Buy on dips
BANK NIFTY WEEKLY
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