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India Market Summary for the week ended 14-2-2014
I Review of the Week
Market review for the week ended 14 February 2014

• Market slips on muted global cues.
• The market declined last week on muted global cues and weak
industrial output in December 2013.
• Selling by foreign institutional investors (FIIs) also put pressure on
stocks.
• Sensex fell 0.05% to 20,366.82 and Nifty fell 0.24% to 6,048.35 in
the week ended 14 February 2014.
• The market rose in three out of five trading sessions of the week.
• Among the 30 Sensex shares, 19 declined and the remaining shares
rose.
• Economic Affairs Secretary Arvind Mayaram on Friday, 14 February
2014, said he hopes policymakers will try to bolster growth with
wholesale price index inflation easing to an eight-month low in
January
India Market Summary for the week ended 14-2-2014
Government Policies during the week
•

Rail minister Mallikarjun Kharge said at the time of presenting the Interim Railway Budget for the
first four months of the 2014/15 in Lok Sabha that investment in railways is being stepped up by
partnership with the private sector and that a proposal is under consideration of the government to
enable Foreign Direct Investment (FDI) to foster creation of world class rail infrastructure.

•

The government has garnered about Rs 61162 crore from telecom spectrum auction that concluded on
Thursday, 13 February 2014, after 10 days of fierce bidding
RBI said that as a countercyclical measure, banks may utilise up to 33% of countercyclical provisioning
buffer/floating provisions held by them as on 31 March 2013 for making specific provisions for nonperforming assets as per the policy approved by the bank's board of directors.

•

Economic data
•
•
•
•
•

India's trade deficit narrowed to $9.92 billion in January 2014, from $10.14 billion in December 2013
Industrial output fell 0.6% in December 2013 over December 2012 after contracting a revised 1.3% in
November
Inflation based on the combined consumer price index (CPI) for urban and rural India for January
2014 eased to 24-month low level at 8.79% (y-o-y), marking an deceleration from 9.87% (y-o-y) seen
in previous month
Inflation based on the wholesale price index (WPI) stood at 5.05% (provisional) in January 2014 as
compared to 6.16% (provisional) for December 2013 and 7.31% in January 2013
Core inflation or non-food manufacturing inflation edged up to 3.04% in January 2014, from 2.75% in
December 2013
Corporate Announcements
• Drug maker Cipla was the biggest Sensex loser last week. The stock tumbled
10.49%, company's consolidated net profit fell 17% to Rs 284 crore on 22% growth in income
from operations to Rs 2581 crore in Q3 December 2013 over Q3 December 2012.
• Cipla's EBITDA (earnings before interest, taxation, depreciation and amortization) declined
10% to Rs 467 crore in Q3 December 2013 over Q3 December 2012.
• Hindalco Industries dropped 5.97%, company's net profit declined 23.04% to Rs 334 crore
on 5.83% growth in revenue from operations to Rs 7273 crore in Q3 December 2013 over Q3
December 2012.
• Tata Steel lost 3.49% on weak sequential Q3 results. The company's consolidated net profit
dropped 45.1% to Rs 503.24 crore on 0.25% fall in total income to Rs 36754.38 crore in Q3
December 2013 over Q2 September 2013.
• Vedanta group firm, Sesa Sterlite fell 0.13%
• Dr Reddy's Laboratories fell 1.89%, company's consolidated net profit surged 70.21% to Rs
618.42 crore on 22.95% growth in total income to Rs 3551.49 crore in Q3 December 2013
over Q3 December 2012.
• Sun Pharmaceutical Industries rose 1.27% after company's consolidated net profit surged
73.73% to Rs 1531.09 crore on 51.59% increase in total income to Rs 4446.82 crore in Q3
December 2013 over Q3 December 2012.

• Car major Maruti Suzuki India fell 1.32%
Corporate Announcements
• Tata Motors rose 7.55%. It was the top Sensex gainer last week. The company's consolidated net profit
surged 195.23% to Rs 4804.80 crore on 38.37% increase in total income to Rs 64,034.30 crore in Q3
December 2013 over Q3 December 2012. The result was announced after trading hours on Monday, 10
February 2014.
• Two-wheeler makers declined. Bajaj Auto (down 4.92%) and Hero MotoCorp (down 3.52%), edged
lower.
• Coal India dropped 3.30% to Rs 260.55. The company's consolidated net profit fell 11.39% to Rs 3894.09
crore on 2.91% fall in total income to Rs 19110.74 crore in Q3 December 2013 over Q3 December 2012.
• ONGC rose 2.43% to Rs 275.80. The company's net profit rose 28.1% to Rs 7126 crore on 1.2% decline in
sales revenue to Rs 20833 crore in Q3 December 2013 over Q3 December 2012.
• Reliance Industries rose 0.88% after company announced that its telecom unit Reliance Jio Infocomm has
successfully acquired the right to use spectrum in 14 key circles across India on the 1800 MHz band in the
recently concluded spectrum auction conducted by DoT, Government of India. RJIL plans to use this
spectrum, ranging from 2x5 MHZ to 2x7 MHZ in each of these 14 circles, in conjunction with its pan India
2300 MHz spectrum to address the expected surge in demand for digital services as well as to enhance in
building coverage.
• State Bank of India fell 3.38% after net profit fell 34.2% to Rs 2234.34 crore on 14.91% increase in total
income to Rs 39060.76 crore in Q3 December 2013 over Q3 December 2012. On a consolidated basis,
SBI's net profit fell 38.93% to Rs 2838.62 crore on 15.11% increase in total income to Rs 58642.16 crore in
Q3 December 2013 over Q3 December 2012.
• Among private sector lenders, HDFC Bank (down 0.58%) and Axis Bank (down 2.05%), edged lower.
However, ICICI Bank rose 2.77% to Rs 988.40.
India Market Summary for the week ended 14-2-2014
Top Gainers and Losers of the week (NSE)
PRICE ON

TATA MOTORS
HCL TECH.
DLF LTD
ICICI BANK
ONGC

COMPANY
CIPLA
AMBUJA CEMENT
HINDALCO
BAJAJ AUTO
BHEL

Feb 14, 2014
(Rs)
388.8
1,497.35
145
988.45
276.4

Feb 07, 2014
(Rs)
360.2
1,400.05
137.95
960.45
269.3

PRICE ON

COMPANY

PRICE ON

PRICE ON

Feb 14, 2014
(Rs)
373.35
151.15
99.9
1,839.60
148.5

Feb 07, 2014
(Rs)
417.05
162.85
106.4
1,935.35
155.75

CHANGE
(%)
7.90%
6.90%
5.10%
2.90%
2.60%

CHANGE
(%)
-10.50%
-7.20%
-6.10%
-4.90%
-4.70%
India Market Summary for the week ended 14-2-2014
II Forth coming week
Government policies / announcements
• Finance Minister P Chidambaram will present the Vote-on-Account on
Monday, 17 February 2014
Economic data
• Few companies will announce their October-December 2013 earnings
next week
India Market Summary for the week ended 14-2-2014
Market outlook
• Market may follow the Interim budget to be announced by the government.
• Vote-on-Account, or interim budget for 2014-2015, which the government
will unveil during trading hours on Monday, 17 February 2014, will set the
tone for the stock market next week.
• With Q3 December 2013 results season coming to an end, global cues will
play a major role in determining trend of the domestic stock market in the
near term.
• The market will closely watch the direction of the rupee and the investment
activity of foreign institutional investors (FIIs).
• Over the past few sessions, investors are concerned that FIIs may start
selling as the Federal Open Market Committee (FOMC) on 29 January
2014 announced it will reduce monthly bond purchases by another $10
billion to $65 billion
We mentioned below the links of our other services, feel free to
contact us for any other services requirement.
• Our Services
• Click here to read more on our site

---------------------------------------------Free Internship Programme for the students with a background
of Finance and commerce, For more details, contact 04432983431/ lakshmiskn@indianfinancebazaar.com. Visit us at
www.ifmaonline.com, To Keep you updated with daily market
news, visit www.indiafinancebazaar.com
For students, we provide tailor made financial training upon the
college request. Contact lakshmiskn@indianfinancebazaar.com
for further details or call us at 044-32973431

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Market summary pptx for the week ended 14.2.2014

  • 1. India Market Summary for the week ended 14-2-2014 I Review of the Week Market review for the week ended 14 February 2014 • Market slips on muted global cues. • The market declined last week on muted global cues and weak industrial output in December 2013. • Selling by foreign institutional investors (FIIs) also put pressure on stocks. • Sensex fell 0.05% to 20,366.82 and Nifty fell 0.24% to 6,048.35 in the week ended 14 February 2014. • The market rose in three out of five trading sessions of the week. • Among the 30 Sensex shares, 19 declined and the remaining shares rose. • Economic Affairs Secretary Arvind Mayaram on Friday, 14 February 2014, said he hopes policymakers will try to bolster growth with wholesale price index inflation easing to an eight-month low in January
  • 2. India Market Summary for the week ended 14-2-2014 Government Policies during the week • Rail minister Mallikarjun Kharge said at the time of presenting the Interim Railway Budget for the first four months of the 2014/15 in Lok Sabha that investment in railways is being stepped up by partnership with the private sector and that a proposal is under consideration of the government to enable Foreign Direct Investment (FDI) to foster creation of world class rail infrastructure. • The government has garnered about Rs 61162 crore from telecom spectrum auction that concluded on Thursday, 13 February 2014, after 10 days of fierce bidding RBI said that as a countercyclical measure, banks may utilise up to 33% of countercyclical provisioning buffer/floating provisions held by them as on 31 March 2013 for making specific provisions for nonperforming assets as per the policy approved by the bank's board of directors. • Economic data • • • • • India's trade deficit narrowed to $9.92 billion in January 2014, from $10.14 billion in December 2013 Industrial output fell 0.6% in December 2013 over December 2012 after contracting a revised 1.3% in November Inflation based on the combined consumer price index (CPI) for urban and rural India for January 2014 eased to 24-month low level at 8.79% (y-o-y), marking an deceleration from 9.87% (y-o-y) seen in previous month Inflation based on the wholesale price index (WPI) stood at 5.05% (provisional) in January 2014 as compared to 6.16% (provisional) for December 2013 and 7.31% in January 2013 Core inflation or non-food manufacturing inflation edged up to 3.04% in January 2014, from 2.75% in December 2013
  • 3. Corporate Announcements • Drug maker Cipla was the biggest Sensex loser last week. The stock tumbled 10.49%, company's consolidated net profit fell 17% to Rs 284 crore on 22% growth in income from operations to Rs 2581 crore in Q3 December 2013 over Q3 December 2012. • Cipla's EBITDA (earnings before interest, taxation, depreciation and amortization) declined 10% to Rs 467 crore in Q3 December 2013 over Q3 December 2012. • Hindalco Industries dropped 5.97%, company's net profit declined 23.04% to Rs 334 crore on 5.83% growth in revenue from operations to Rs 7273 crore in Q3 December 2013 over Q3 December 2012. • Tata Steel lost 3.49% on weak sequential Q3 results. The company's consolidated net profit dropped 45.1% to Rs 503.24 crore on 0.25% fall in total income to Rs 36754.38 crore in Q3 December 2013 over Q2 September 2013. • Vedanta group firm, Sesa Sterlite fell 0.13% • Dr Reddy's Laboratories fell 1.89%, company's consolidated net profit surged 70.21% to Rs 618.42 crore on 22.95% growth in total income to Rs 3551.49 crore in Q3 December 2013 over Q3 December 2012. • Sun Pharmaceutical Industries rose 1.27% after company's consolidated net profit surged 73.73% to Rs 1531.09 crore on 51.59% increase in total income to Rs 4446.82 crore in Q3 December 2013 over Q3 December 2012. • Car major Maruti Suzuki India fell 1.32%
  • 4. Corporate Announcements • Tata Motors rose 7.55%. It was the top Sensex gainer last week. The company's consolidated net profit surged 195.23% to Rs 4804.80 crore on 38.37% increase in total income to Rs 64,034.30 crore in Q3 December 2013 over Q3 December 2012. The result was announced after trading hours on Monday, 10 February 2014. • Two-wheeler makers declined. Bajaj Auto (down 4.92%) and Hero MotoCorp (down 3.52%), edged lower. • Coal India dropped 3.30% to Rs 260.55. The company's consolidated net profit fell 11.39% to Rs 3894.09 crore on 2.91% fall in total income to Rs 19110.74 crore in Q3 December 2013 over Q3 December 2012. • ONGC rose 2.43% to Rs 275.80. The company's net profit rose 28.1% to Rs 7126 crore on 1.2% decline in sales revenue to Rs 20833 crore in Q3 December 2013 over Q3 December 2012. • Reliance Industries rose 0.88% after company announced that its telecom unit Reliance Jio Infocomm has successfully acquired the right to use spectrum in 14 key circles across India on the 1800 MHz band in the recently concluded spectrum auction conducted by DoT, Government of India. RJIL plans to use this spectrum, ranging from 2x5 MHZ to 2x7 MHZ in each of these 14 circles, in conjunction with its pan India 2300 MHz spectrum to address the expected surge in demand for digital services as well as to enhance in building coverage. • State Bank of India fell 3.38% after net profit fell 34.2% to Rs 2234.34 crore on 14.91% increase in total income to Rs 39060.76 crore in Q3 December 2013 over Q3 December 2012. On a consolidated basis, SBI's net profit fell 38.93% to Rs 2838.62 crore on 15.11% increase in total income to Rs 58642.16 crore in Q3 December 2013 over Q3 December 2012. • Among private sector lenders, HDFC Bank (down 0.58%) and Axis Bank (down 2.05%), edged lower. However, ICICI Bank rose 2.77% to Rs 988.40.
  • 5. India Market Summary for the week ended 14-2-2014 Top Gainers and Losers of the week (NSE) PRICE ON TATA MOTORS HCL TECH. DLF LTD ICICI BANK ONGC COMPANY CIPLA AMBUJA CEMENT HINDALCO BAJAJ AUTO BHEL Feb 14, 2014 (Rs) 388.8 1,497.35 145 988.45 276.4 Feb 07, 2014 (Rs) 360.2 1,400.05 137.95 960.45 269.3 PRICE ON COMPANY PRICE ON PRICE ON Feb 14, 2014 (Rs) 373.35 151.15 99.9 1,839.60 148.5 Feb 07, 2014 (Rs) 417.05 162.85 106.4 1,935.35 155.75 CHANGE (%) 7.90% 6.90% 5.10% 2.90% 2.60% CHANGE (%) -10.50% -7.20% -6.10% -4.90% -4.70%
  • 6. India Market Summary for the week ended 14-2-2014 II Forth coming week Government policies / announcements • Finance Minister P Chidambaram will present the Vote-on-Account on Monday, 17 February 2014 Economic data • Few companies will announce their October-December 2013 earnings next week
  • 7. India Market Summary for the week ended 14-2-2014 Market outlook • Market may follow the Interim budget to be announced by the government. • Vote-on-Account, or interim budget for 2014-2015, which the government will unveil during trading hours on Monday, 17 February 2014, will set the tone for the stock market next week. • With Q3 December 2013 results season coming to an end, global cues will play a major role in determining trend of the domestic stock market in the near term. • The market will closely watch the direction of the rupee and the investment activity of foreign institutional investors (FIIs). • Over the past few sessions, investors are concerned that FIIs may start selling as the Federal Open Market Committee (FOMC) on 29 January 2014 announced it will reduce monthly bond purchases by another $10 billion to $65 billion
  • 8. We mentioned below the links of our other services, feel free to contact us for any other services requirement. • Our Services • Click here to read more on our site ---------------------------------------------Free Internship Programme for the students with a background of Finance and commerce, For more details, contact 04432983431/ lakshmiskn@indianfinancebazaar.com. Visit us at www.ifmaonline.com, To Keep you updated with daily market news, visit www.indiafinancebazaar.com For students, we provide tailor made financial training upon the college request. Contact lakshmiskn@indianfinancebazaar.com for further details or call us at 044-32973431