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India Market Summary for the week ended 25-10-2013
I Review of the Week
Market review for the week ended 25 October 2013
• Stock-specific activity dominates trade as earnings season kicks into high
gear.
• The market edged lower, with stock-specific action on the basis of outcome
of second quarter results taking centre stage.
• The market fell in four out of five trading sessions.
• Sensex declined 0.95% to 20,683.52 and Nifty shed 0.71% to 6,144.90 in
the week ended Friday, 25 October 2013.
• Investors refrained from taking big bets ahead of the outcome of Reserve
Bank of India's (RBI) Second Quarter Review of Monetary Policy 2013-14
and the outcome of the Federal Open Market Committee's (FOMC) two-day
policy meeting scheduled next week.
• From the 30-share Sensex pack, 20 stocks fell and ten rose
India Market Summary for the week ended 25-10-2013
Government Policies during the week
• Government of India (GoI) has approved infusion of a total of Rs 14000
crore in 20 public sector banks (PSBs) during Financial Year 2013-14
through preferential allotment of equity shares
Economic data
• Nil
Corporate Announcements
•
•
•

•

•
•

•
•
•
•
•
•
•
•

Bharti Airtel dropped 3.63%. The company said that the company's board of directors has approved the Scheme of Amalgamation of
Airtel Broadband Services (formerly known as Wireless Business Services) which is a wholly owned subsidiary with the company.
Reliance Industries lost 2.15%. The company said its subsidiary Reliance Jio Infocomm has received Unified License for all 22 service
areas across India. RJIL has thus become the first telecom operator in the country to get pan India Unified License. The Unified License
would allow RJIL to offer all telecom services including voice telephony under a single license.
HDFC declined 0.99%. The company's net profit rose 10% to Rs 1266.33 crore on 12.82% growth in total income to Rs 5953.98 crore in
Q2 September 2013 over Q2 September 2012.
State Bank of India rose 3.17%. The Ministry of Finance said that the Government of India (GoI) has approved infusion of a total of Rs
14000 crore in 20 public sector banks (PSBs) during Financial Year 2013-14 through preferential allotment of equity shares. The largest
capital infusion will be SBI at Rs 2000 crore, followed by Rs 1800 crore each in Central Bank of India and IDBI Bank, Rs 1200 crore in
Indian Overseas Bank and Rs 1000 crore in Bank of India. GoI will infuse Rs 550 crore in Bank of Baroda and Rs 500 crore in Punjab
National Bank.
HDFC Bank shed 0.56%. The bank said that the bank, acting through its Bahrain branch, has priced on 23 October 2013, $500 million
Fixed Rate Senior Unsecured Notes (Notes) under its $2 billion MTN programme. The Notes carry a coupon of 3% per annum payable
semi annually and are maturing on 30 November 2016. The Notes will be listed on the Singapore Stock Exchange.
Private bank major ICICI Bank rose 1.25%. ICICI Bank's net profit rose 20.24% to Rs 2352.05 crore on 7.54% rise in total income to Rs
12979.75 crore in Q2 September 2013 over Q2 September 2012. The bank announced result during market hours on Friday, 25 October
2013. On consolidated basis, ICICI Bank's net profit rose 12.84% to Rs 2697.42 crore on 2.18% growth in total income to Rs 19015.58
crore in Q2 September 2013 over Q2 September 2012.
Hero MotoCorp dropped 2.94%. The company said net profit rose 9.26% to Rs 481.41 crore on 10.49% growth in total income to Rs
5841.67 crore in Q2 September 2013 over Q2 September 2012.
ITC dropped 3.95%. Net profit jumped 21.46% to Rs 2230.53 crore on 9.42% growth in total income to Rs 8108.72 crore in Q2
September 2013 over Q2 September 2012.
GAIL (India) rose 5.24%. GAIL (India)'s net profit fell 7.07% to Rs 915.67 crore on 21.94% rise in total income to Rs 14224.37 crore in
Q2 September 2013 over Q2 September 2012.
Shares of engineering and construction giant L&T jumped 8.61%. The stock was the biggest gainer from the Sensex pack. L&T said its
recurring profit after tax rose 7% to Rs 978 crore on 10% growth in gross revenue at Rs 14648 crore in Q2 September 2013 over Q2
September 2012. The company attributed top line growth to pick-up in execution of various jobs.
Bhel tumbled 7.3%. The stock was the biggest loser from the Sensex pack.
IT stocks were mixed. Infosys rose 0.45%. The company announced that the head of its banking services solution platform Finacle,
Haragopal Mangipudi, and 11 others have been inducted to its top decision-making body, the Executive Council.
TCS dropped 2.5% on profit booking.
Wipro dropped 5.11%. The stock fell as the company's dollar revenue growth from IT services in Q2 September 2013 lagged that of its
peer companies. Wipro reported 28% growth in consolidated net profit from continuing operations to Rs 1932 crore on 19% growth in
revenue from continuing operations at Rs 10992 crore in Q2 September 2013 over Q2 September 2012.
India Market Summary for the week ended 25-10-2013
Top Gainers and Losers of the week (NSE)
PRICE ON
COMPANY
L&T
BANK OF BARODA
IDFC LIMITED
ASIAN PAINTS
GAIL

PRICE ON

Oct 25, 2013
(Rs)
947.5
594.4
102.65
513.7
343.6

Oct 18, 2013
(Rs)
872.05
554.1
96.4
486.9
327.2

PRICE ON
COMPANY
BHEL
JINDAL STEEL
WIPRO
HINDALCO
CAIRN INDIA

PRICE ON

Oct 25, 2013
(Rs)
137.35
238.35
481.1
109.2
313.8

Oct 18, 2013
(Rs)
147.8
255.85
506.4
114.85
328.5

CHANGE
(%)
8.70%
7.30%
6.50%
5.50%
5.00%

CHANGE
(%)
-7.10%
-6.80%
-5.00%
-4.90%
-4.50%
India Market Summary for the week ended 25-10-2013
II Forth coming week
Government policies / announcements
• The next major event on the domestic front is the Reserve Bank of
India's monetary policy review on 29 October 2013

Economic data
• Markit Economics will unveil HSBC India Manufacturing PMI, which
gauges the business activity of India's factories, for October 2013 on
Friday, 1 November 2013
India Market Summary for the week ended 25-10-2013
Market outlook

 Next batch of second quarter results of India Inc, the outcome
of Reserve Bank of India's (RBI) Second Quarter Review of
Monetary Policy 2013-14 and the outcome of the Federal Open
Market Committee's (FOMC) two-day policy meeting will
dictate near term trend on the domestic bourses.
 The market may remain volatile as traders roll over positions in
the futures & options (F&O) segment from the near month
October 2013 series to November 2013 series. The near month
October 2013 derivatives contract expire on Thursday, 31
October 2013.
India Market Summary for the week ended 25-10-2013
Sector Outlook

Market is poised quite interestingly at present, because in the beginning of this season, there
was despondency and people were more or less pessimistic on the earnings front. But as the
earnings season is progressing, Investors are now starting to see minor tweaking up of index
EPS. So, that probably could be giving some kind of support to the markets in the shorter
term.
Banks
The next rally in the market will be led by the banking stocks as banks seem to be supporting
the rally in the last two-three days. Positive outcome from the RBI policy on Tuesday will
push banks further to rally
•

Investors can buy SBI and PNB

Long term

Nothing appears to be going right for India at the moment. And many fear that the worst may
still be ahead. Investors need to follow the of focus on the long term.
•

Investors can buy with long term perspective Bio con, JK Tyre, Thomas Cook
We mentioned below the links of our other services, feel free to
contact us for any other services requirement.
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of Finance and commerce, For more details, contact 04432983431/ lakshmiskn@indianfinancebazaar.com. Visit us at
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Market summary pptx for the week ended 25-10-2013

  • 1. India Market Summary for the week ended 25-10-2013 I Review of the Week Market review for the week ended 25 October 2013 • Stock-specific activity dominates trade as earnings season kicks into high gear. • The market edged lower, with stock-specific action on the basis of outcome of second quarter results taking centre stage. • The market fell in four out of five trading sessions. • Sensex declined 0.95% to 20,683.52 and Nifty shed 0.71% to 6,144.90 in the week ended Friday, 25 October 2013. • Investors refrained from taking big bets ahead of the outcome of Reserve Bank of India's (RBI) Second Quarter Review of Monetary Policy 2013-14 and the outcome of the Federal Open Market Committee's (FOMC) two-day policy meeting scheduled next week. • From the 30-share Sensex pack, 20 stocks fell and ten rose
  • 2. India Market Summary for the week ended 25-10-2013 Government Policies during the week • Government of India (GoI) has approved infusion of a total of Rs 14000 crore in 20 public sector banks (PSBs) during Financial Year 2013-14 through preferential allotment of equity shares Economic data • Nil
  • 3. Corporate Announcements • • • • • • • • • • • • • • Bharti Airtel dropped 3.63%. The company said that the company's board of directors has approved the Scheme of Amalgamation of Airtel Broadband Services (formerly known as Wireless Business Services) which is a wholly owned subsidiary with the company. Reliance Industries lost 2.15%. The company said its subsidiary Reliance Jio Infocomm has received Unified License for all 22 service areas across India. RJIL has thus become the first telecom operator in the country to get pan India Unified License. The Unified License would allow RJIL to offer all telecom services including voice telephony under a single license. HDFC declined 0.99%. The company's net profit rose 10% to Rs 1266.33 crore on 12.82% growth in total income to Rs 5953.98 crore in Q2 September 2013 over Q2 September 2012. State Bank of India rose 3.17%. The Ministry of Finance said that the Government of India (GoI) has approved infusion of a total of Rs 14000 crore in 20 public sector banks (PSBs) during Financial Year 2013-14 through preferential allotment of equity shares. The largest capital infusion will be SBI at Rs 2000 crore, followed by Rs 1800 crore each in Central Bank of India and IDBI Bank, Rs 1200 crore in Indian Overseas Bank and Rs 1000 crore in Bank of India. GoI will infuse Rs 550 crore in Bank of Baroda and Rs 500 crore in Punjab National Bank. HDFC Bank shed 0.56%. The bank said that the bank, acting through its Bahrain branch, has priced on 23 October 2013, $500 million Fixed Rate Senior Unsecured Notes (Notes) under its $2 billion MTN programme. The Notes carry a coupon of 3% per annum payable semi annually and are maturing on 30 November 2016. The Notes will be listed on the Singapore Stock Exchange. Private bank major ICICI Bank rose 1.25%. ICICI Bank's net profit rose 20.24% to Rs 2352.05 crore on 7.54% rise in total income to Rs 12979.75 crore in Q2 September 2013 over Q2 September 2012. The bank announced result during market hours on Friday, 25 October 2013. On consolidated basis, ICICI Bank's net profit rose 12.84% to Rs 2697.42 crore on 2.18% growth in total income to Rs 19015.58 crore in Q2 September 2013 over Q2 September 2012. Hero MotoCorp dropped 2.94%. The company said net profit rose 9.26% to Rs 481.41 crore on 10.49% growth in total income to Rs 5841.67 crore in Q2 September 2013 over Q2 September 2012. ITC dropped 3.95%. Net profit jumped 21.46% to Rs 2230.53 crore on 9.42% growth in total income to Rs 8108.72 crore in Q2 September 2013 over Q2 September 2012. GAIL (India) rose 5.24%. GAIL (India)'s net profit fell 7.07% to Rs 915.67 crore on 21.94% rise in total income to Rs 14224.37 crore in Q2 September 2013 over Q2 September 2012. Shares of engineering and construction giant L&T jumped 8.61%. The stock was the biggest gainer from the Sensex pack. L&T said its recurring profit after tax rose 7% to Rs 978 crore on 10% growth in gross revenue at Rs 14648 crore in Q2 September 2013 over Q2 September 2012. The company attributed top line growth to pick-up in execution of various jobs. Bhel tumbled 7.3%. The stock was the biggest loser from the Sensex pack. IT stocks were mixed. Infosys rose 0.45%. The company announced that the head of its banking services solution platform Finacle, Haragopal Mangipudi, and 11 others have been inducted to its top decision-making body, the Executive Council. TCS dropped 2.5% on profit booking. Wipro dropped 5.11%. The stock fell as the company's dollar revenue growth from IT services in Q2 September 2013 lagged that of its peer companies. Wipro reported 28% growth in consolidated net profit from continuing operations to Rs 1932 crore on 19% growth in revenue from continuing operations at Rs 10992 crore in Q2 September 2013 over Q2 September 2012.
  • 4. India Market Summary for the week ended 25-10-2013 Top Gainers and Losers of the week (NSE) PRICE ON COMPANY L&T BANK OF BARODA IDFC LIMITED ASIAN PAINTS GAIL PRICE ON Oct 25, 2013 (Rs) 947.5 594.4 102.65 513.7 343.6 Oct 18, 2013 (Rs) 872.05 554.1 96.4 486.9 327.2 PRICE ON COMPANY BHEL JINDAL STEEL WIPRO HINDALCO CAIRN INDIA PRICE ON Oct 25, 2013 (Rs) 137.35 238.35 481.1 109.2 313.8 Oct 18, 2013 (Rs) 147.8 255.85 506.4 114.85 328.5 CHANGE (%) 8.70% 7.30% 6.50% 5.50% 5.00% CHANGE (%) -7.10% -6.80% -5.00% -4.90% -4.50%
  • 5. India Market Summary for the week ended 25-10-2013 II Forth coming week Government policies / announcements • The next major event on the domestic front is the Reserve Bank of India's monetary policy review on 29 October 2013 Economic data • Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories, for October 2013 on Friday, 1 November 2013
  • 6. India Market Summary for the week ended 25-10-2013 Market outlook  Next batch of second quarter results of India Inc, the outcome of Reserve Bank of India's (RBI) Second Quarter Review of Monetary Policy 2013-14 and the outcome of the Federal Open Market Committee's (FOMC) two-day policy meeting will dictate near term trend on the domestic bourses.  The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month October 2013 series to November 2013 series. The near month October 2013 derivatives contract expire on Thursday, 31 October 2013.
  • 7. India Market Summary for the week ended 25-10-2013 Sector Outlook Market is poised quite interestingly at present, because in the beginning of this season, there was despondency and people were more or less pessimistic on the earnings front. But as the earnings season is progressing, Investors are now starting to see minor tweaking up of index EPS. So, that probably could be giving some kind of support to the markets in the shorter term. Banks The next rally in the market will be led by the banking stocks as banks seem to be supporting the rally in the last two-three days. Positive outcome from the RBI policy on Tuesday will push banks further to rally • Investors can buy SBI and PNB Long term Nothing appears to be going right for India at the moment. And many fear that the worst may still be ahead. Investors need to follow the of focus on the long term. • Investors can buy with long term perspective Bio con, JK Tyre, Thomas Cook
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