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Market summary pptx for the week ended 7.2.2014
1. India Market Summary for the week ended 7-2-2014
I Review of the Week
Market review for the week ended 7 February 2014
• Market edged lower in the week ended Friday, 7 February 2014.
• After Monday's slide triggered by the government revising
downwards the GDP growth rate for the year ended 31 March 2013
to 4.5% from 5% reported earlier.
• Sensex logged gains in the later four trading sessions in the week
gone by.
• High volatility was seen throughout the week as Sensex regained the
psychological 20,000 mark after falling below that level in intraday
trade during the week.
• Nifty also regained the psychological 6,000 mark after falling below
that level in intraday trade during the week.
• Sensex fell 0.67% to 20376.56 and Nifty fell 0.43% to 6063.20 for
the week ended 7 February 2014.
• Among the 30-share Sensex pack, 18 stocks gained and rest of them
declined
2. India Market Summary for the week ended 7-2-2014
Government Policies during the week
• Nil
Economic data
• Up from 48.1 in December to 49.6 in January, the seasonally adjusted HSBC India
Composite Output Index indicated a seventh consecutive monthly drop in private
sector activity
• The headline HSBC Services Business Activity Index increased from December's
46.7 to 48.3 in January, signalling a moderate rate of output contraction that was the
weakest in the current seven-month sequence of decrease
• The headline HSBC India Purchasing Managers' Index (PMI) posted a reading of
51.4 for January 2014, up from 50.7 for December 2013
• The Eight Core Industries having a combined weight of 37.9% in the Index of
Industrial Production (IIP) increased by 2.1% in December 2013 compared with a
growth of 7.5% growth in December 2012 and 1.7% growth in November 2013
• The fiscal deficit reached Rs 5.16 lakh crore during April-December 2013, or 95.2%
of the full-year target, compared with 78.8% a year earlier
3. Corporate Announcements
• HDFC (down 3.03%), ONGC (down 2.27%) and GAIL (India) (down 0.84%) edged lower from
the Sensex pack.
• Coal India (up 8.87%), NTPC (up 7.59%) and Hindustan Unilever (up 1.28%) edged higher from
the Sensex pack.
• ITC shed 0.52% and Reliance Industries fell 1.99%
• Bharat Heavy Electricals (Bhel) dropped after the company reported poor Q3 December 2013
BHEL said that it had an outstanding order book position of about Rs 100600 crore as on 31
December 2013.
• Infosys lost 3.59%. The company announced that it will establish a new delivery center in
Araraquara, Brazil. With this new center, Infosys and its subsidiaries are further expanding their
footprint in Latin America with operations across Brazil, Costa Rica, Puerto Rico, Mexico, and
Argentina, employing over 1,700 people.
• Wipro (down 2.43%) and TCS (down 4.15%) fell.
• Auto stocks were in demand. Maruti Suzuki India rose 1.84%. The company announced the launch
of its compact car, Celerio, with the revolutionary auto gear shift.
• Celerio with auto gear shift will be available in two variants, with ex-showroom price of Rs 4.29
lakh and Rs 4.59 lakh in Delhi.
• Tata Motors advanced 3.16%. Tata Motors announced that as an interim measure, consequent upon
the sudden demise of the company's Managing Director, Mr. Karl Slym, a Corporate Steering
Committee (CSC) will provide oversight of strategy and key aspects of the company's operations.
4. Corporate Announcements
• Mahindra & Mahindra (M&M) rose 0.57%. M&M on 1 February 2014 said its total auto sales declined
13.77% to 42,685 units in January 2014 over January 2013.
• Shares of two wheelers makers edged higher. Bajaj Auto (up 1.69%) and Hero MotoCorp (up 1.87%)
gained.
• Bank stocks were mostly higher. HDFC Bank (up 3.02%) and AXIS Bank (up 0.55%) gained. ICICI
Bank lost 2.71%.
• State Bank of India (SBI) rose 0.08%. Shares allotted by the state-run bank to institutional investors under
the recently concluded qualified institutional placement (QIP) were admitted for trading on the bourses on
Friday, 7 February 2014. SBI had raised Rs 8031.64 crore recently from issue of 5.13 crore equity shares to
institutional investors at a price of Rs 1,565 per share.
• Metal stocks were mixed. Sesa Sterlite rose 0.77%. Hindalco Industries lost 2.92%.
• Tata Steel surged 7.95%. ArcelorMittal, the world's biggest steelmaker, announced strong Q4 December
2013 results on Friday, 7 February 2014 and said earnings will continue to climb in 2014.
• ArcelorMittal said its earnings before interest, taxes, depreciation and amortization (EBITDA) rose to
$1.91 billion in Q4 December 2013, from $1.56 billion in Q4 December 2012. The company said earnings
will continue to climb in 2014, forecasting full-year EBITDA of about $8 billion.
• Pharma stocks gained. Cipla (up 1.57%), Dr Reddy's Laboratories (up 0.92%) and Sun Pharmaceutical
Industries (up 2.24%) gained.
• Tata Power Company rose 1.42%. The company reported consolidated net loss of Rs 74.91 crore for Q3
December 2013, lower than net loss of Rs 328.92 crore in Q3 December 2012.
• .
5. India Market Summary for the week ended 7-2-2014
Top Gainers and Losers of the week (NSE)
PRICE ON
COMPANY
TATA STEEL
COAL INDIA
RANBAXY LAB
NTPC
TATA MOTORS
Feb 7, 2014
(Rs)
384.45
269.6
340.7
135.95
360.2
PRICE ON
COMPANY
BHEL
HCL TECH
GAIL
TCS
INFOSYS LTD
Feb 7, 2014
(Rs)
155.75
1,400.05
356.2
2,144.40
3,566.55
PRICE ON
Feb 03, 2014
(Rs)
343.1
245.75
314.8
126
336.4
PRICE ON
Feb 03, 2014
(Rs)
167.15
1,452.90
365.2
2,194.45
3,629.15
CHANGE
(%)
12.10%
9.70%
8.20%
7.90%
7.10%
CHANGE
(%)
-6.80%
-3.60%
-2.50%
-2.30%
-1.70%
6. India Market Summary for the week ended 7-2-2014
II Forth coming week
Government policies / announcements
• Nil
Economic data
• The government will unveil data on inflation based on the combined
consumer price index (CPI) for urban and rural India for the month
of January 2014 on Wednesday, 12 February 2014
• The government will unveil data on inflation based on the wholesale
price index (WPI) for the month of January 2014 on Friday, 14
February 2014
• Finance Minister P Chidambaram will present the Vote-on-Account
or interim budget on 17 February 2014
7. India Market Summary for the week ended 7-2-2014
Market outlook
The last batch of Q3 December 2013 corporate earnings, macroeconomic
data, trend in investment by foreign institutional investors, trend in global
markets, trend in other global emerging markets and the movement of rupee
against the dollar will dictate the near term movement on the domestic
bourses. The Q3 earnings seasons gets over next week.
Indian stocks will on Monday, 10 February 2014, react to the advance
estimate of GDP for 2013-14 which will be announced by the government
after trading hours on Friday, 7 February 2014
Asian markets will on Monday, 10 February 2014, react to the influential US
nonfarm payroll data for January 2014 which will be out on Friday, 7
February 2014.
Finance Minister P Chidambaram will present the Vote-on-Account or
interim budget on 17 February 2014
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