MOVERS & SHAKERS as on 31 st October 2013 | |||||
Top Gainers | BSE SENSEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
SBI | 1795.50 | 4.33 | DRREDDYSLAB | 2455.95 | -2.64 |
TATA STEEL | 334.40 | 2.45 | SUNPHRMINDS | 607.95 | -1.72 |
GAIL | 352.85 | 2.31 | CIPLA | 413.95 | -1.16 |
TATAPOWERCOM | 82.05 | 1.99 | MAH&MAH | 888.35 | -0.97 |
ICICI BANK | 1121.05 | 1.96 | HIND.UNILEV | 609.25 | -0.67 |
Top Gainers | BSE BANKEX INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BANKOFINDIA | 209.90 | 21.26 | YES BANK | 368.80 | -0.91 |
CANARA BANK | 258.00 | 10.82 | INDUSINDBANK | 446.05 | -0.21 |
BANKOFBARODA | 643.20 | 10.76 | HDFC BANK | 679.45 | -0.06 |
PNB | 544.30 | 8.93 | |||
UNION BANK | 123.50 | 7.39 | |||
Top Gainers | BSE MIDCAP INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
ORIENTALBANK | 180.85 | 18.01 | CARNATNNUTAN | 564.05 | -5.83 |
JUST DIAL | 1243.00 | 17.80 | SUZLON | 9.70 | -4.90 |
ALLAHA.BANK | 91.75 | 13.34 | ERACONSTRUCT | 37.85 | -4.90 |
INDIAN BANK | 83.30 | 13.33 | LANCO INFRA | 6.13 | -3.92 |
SYNDICATEBAN | 81.20 | 8.63 | PRESTIGE EST | 143.40 | -3.82 |
Top Gainers | BSE SMALL CAP INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
MAGMA FINCOR | 75.80 | 13.81 | ROLLATAINERS | 107.25 | -8.72 |
ANANTRAJINDS | 55.10 | 12.11 | ANUKARANCMRL | 59.90 | -5.00 |
TARA JEWELS | 103.55 | 11.83 | KAPPAC PHRM | 475.70 | -4.99 |
ELDERPHARMAC | 313.55 | 11.13 | VIVIMED LABS | 179.85 | -4.99 |
DISHMAN PHAR | 69.10 | 9.08 | MONEYMAT.FIN | 119.75 | -4.96 |
Top Gainers | BSE 100 INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
SHRIRAM TRNS | 617.30 | 7.83 | SUZLON | 10.20 | -4.94 |
PFC | 136.05 | 5.83 | BANKOFINDIA | 173.10 | -4.10 |
LIC HSNG FIN | 219.20 | 5.59 | IDBI BANK | 65.90 | -3.94 |
BHARTI AIRTE | 359.05 | 5.23 | UNION BANK | 115.00 | -3.32 |
DRREDDYSLAB | 2522.65 | 3.87 | MAHINDRA FIN | 291.15 | -3.26 |
Top Gainers | BSE 200 INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BANKOFINDIA | 209.90 | 21.26 | SUZLON | 9.70 | -4.90 |
CANARA BANK | 258.00 | 10.82 | AMBUJA CEM | 187.60 | -2.65 |
BANKOFBARODA | 643.20 | 10.76 | MAHINDRA FIN | 283.45 | -2.64 |
PNB | 544.30 | 8.93 | DRREDDYSLAB | 2455.95 | -2.64 |
UNION BANK | 123.50 | 7.39 | UNITED BREW | 924.55 | -2.24 |
Top Gainers | BSE 500 INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BANKOFINDIA | 209.90 | 21.26 | CARNATNNUTAN | 564.05 | -5.83 |
ORIENTALBANK | 180.85 | 18.01 | ANUKARANCMRL | 59.90 | -5.00 |
JUST DIAL | 1243.00 | 17.80 | SUZLON | 9.70 | -4.90 |
MAGMA FINCOR | 75.80 | 13.81 | ERACONSTRUCT | 37.85 | -4.90 |
ALLAHA.BANK | 91.75 | 13.34 | GOENKA DIAM | 16.60 | -4.05 |
Top Gainers | BSE PSU INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BANKOFINDIA | 209.90 | 21.26 | H M T LTD. | 29.65 | -1.50 |
ORIENTALBANK | 180.85 | 18.01 | PFC | 134.60 | -1.07 |
ALLAHA.BANK | 91.75 | 13.34 | GMDC | 103.45 | -0.86 |
INDIAN BANK | 83.30 | 13.33 | CONCOR | 752.80 | -0.67 |
CANARA BANK | 258.00 | 10.82 | CHENNAIPETRO | 52.65 | -0.66 |
Top Gainers | BSE TECK INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BHARTI INFRA | 163.90 | 7.26 | ONMOBILE GLO | 27.00 | -3.91 |
TATA COMMUNI | 263.45 | 4.56 | GTL INFRA | 1.64 | -2.96 |
DISH TV | 53.50 | 4.19 | TATA TELESER | 7.02 | -2.36 |
MTNL | 14.54 | 2.61 | HIMACHLFUTUR | 8.50 | -1.51 |
DB CORP | 268.90 | 2.56 | SUN TV | 420.55 | -0.56 |
Top Gainers | BSE AUTO INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
MOTHRSNSUMIS | 270.20 | 4.85 | MAH&MAH | 888.35 | -0.97 |
ASHOKLEYLAND | 17.20 | 1.47 | BAJAJ AUTO | 2129.00 | -0.31 |
EXIDE INDS | 124.75 | 0.89 | MARUTI SUZUK | 1633.70 | -0.03 |
MRF | 15750.00 | 0.80 | |||
CUMMINSINDIA | 395.65 | 0.69 | |||
Top Gainers | BSE IT INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
ORACLE FIN | 3225.00 | 1.44 | INFOSYS | 3308.65 | -0.46 |
MPHASIS | 427.00 | 1.01 | TECH MAHINDR | 1550.40 | -0.27 |
TCS | 2108.25 | 0.87 | FINAN.TECHNO | 173.30 | -0.26 |
HCLTECHNOLOG | 1093.25 | 0.74 | |||
MINDTREE LTD | 1379.65 | 0.63 | |||
Top Gainers | BSE CAPITAL GOODS INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
WELSPUN CORP | 42.55 | 5.32 | SUZLON | 9.70 | -4.90 |
CROMPTONGREV | 105.45 | 4.77 | HAVELLSINDIA | 738.90 | -1.53 |
SIEMENS | 582.65 | 4.69 | CARBORMUNIVR | 113.50 | -1.39 |
LAKSHMMCHNWR | 2366.35 | 4.28 | SKF INDIA | 597.55 | -1.26 |
FAG BEARINGS | 1360.00 | 2.79 | PUNJ LLOYD | 28.10 | -1.06 |
Top Gainers | BSE CONSUMER DURABLES INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
PC JEWELLER | 104.25 | 4.46 | WHIRLPOOL | 168.85 | -3.43 |
TITAN INDS | 266.30 | 4.15 | VIP INDS | 57.30 | -2.39 |
GITANJALI | 64.85 | 2.61 | BAJAJ ELTRL | 164.30 | -0.67 |
BLUE STAR | 152.00 | 1.27 | |||
RAJESH EXPO | 96.15 | 1.16 | |||
Top Gainers | BSE FMCG INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
JUBILANTFOOD | 1187.35 | 4.75 | UNITED BREW | 924.55 | -2.24 |
GODREJCONSUM | 868.90 | 1.34 | HIND.UNILEV | 609.25 | -0.67 |
ITC LTD | 334.25 | 0.36 | TATA GLOBAL | 164.00 | -0.58 |
COLGATEPALMO | 1239.20 | 0.11 | DABUR INDIA | 178.50 | -0.36 |
UNITED SPIRI | 2569.90 | -0.12 | |||
Top Gainers | BSE HEALTH CARE INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
JUBILANTFOOD | 1187.35 | 4.75 | UNITED BREW | 924.55 | -2.24 |
GODREJCONSUM | 868.90 | 1.34 | HIND.UNILEV | 609.25 | -0.67 |
ITC LTD | 334.25 | 0.36 | TATA GLOBAL | 164.00 | -0.58 |
COLGATEPALMO | 1239.20 | 0.11 | DABUR INDIA | 178.50 | -0.36 |
UNITED SPIRI | 2569.90 | -0.12 | |||
Top Gainers | BSE METAL INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
NMDC | 139.10 | 3.04 | NIL | ||
TATA STEEL | 334.40 | 2.45 | |||
COAL INDIA | 287.35 | 1.88 | |||
SESA GOA | 201.90 | 1.87 | |||
HINDALCO | 115.00 | 1.55 | |||
Top Gainers | BSE OIL & GAS INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
GAIL | 352.85 | 2.31 | BPCL | 359.55 | -0.48 |
OIL INDIA | 470.80 | 1.83 | CASTROLINDIA | 306.75 | -0.07 |
RIL | 912.35 | 1.64 | |||
ONGC | 293.20 | 1.58 | |||
PETRONET LNG | 124.25 | 1.30 | |||
Top Gainers | NSE NIFTY INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BANKOFBARODA | 642.90 | 10.61 | DRREDDYSLAB | 2456.40 | -2.65 |
PNB | 544.40 | 8.92 | AMBUJA CEM | 188.35 | -2.36 |
SBI | 1796.75 | 4.40 | LUPIN | 887.90 | -1.57 |
JAIPRAK ASSO | 47.65 | 3.81 | SUNPHRMINDS | 608.80 | -1.57 |
IDFC | 105.75 | 3.02 | RANBAXY LABS | 391.10 | -1.54 |
Top Gainers | NSE JR NIFTY INDEX | Top Losers | |||
STOCK | PRICE | CHANGE% | STOCK | PRICE | CHANGE% |
BANKOFINDIA | 209.90 | 21.47 | MAHINDRA FIN | 282.45 | -3.07 |
CANARA BANK | 258.25 | 10.79 | UNITED BREW | 925.20 | -2.44 |
UNION BANK | 123.55 | 7.48 | ADANI ENTER | 207.65 | -1.61 |
SIEMENS | 582.15 | 4.86 | PFC | 134.40 | -1.25 |
CROMPTONGREV | 105.60 | 4.81 | SHRIRAM TRNS | 611.35 | -1.04 |
Thursday, October 31, 2013
Movers and Shakers 31/10/2013
Market Summary of the day 31/10/2013
Sensex settles at record high
Continued buying by foreign investors for the last 19 sessions and a sharp rally in PSU banks pushed
Sensex up by 130 points, to a record closing high today as Dalal-Street swung into the festive spirit
ahead of the festival of Diwali. It is Diwali already on D-Street as the buying frenzy saw the indices climb to another record closing high and the markets registering Rs 5-lakh crore plus turnover for the first time ever.
PSU banks such as Bank of India surged on better-than expected Q2 results on hopes of stability in
asset quality. With the US Federal Reserve’s sticking to record stimulus, emerging markets such as India are likely to continue to see further foreign fund inflows amid the availability of cheap money in the US.
Back home, after a steady start, markets picked up steam in the last few hours as traders rolled over
their positions on the day of the expiry of the October F&O contracts. Asian stocks ended lower today on concerns that the US Federal Reserve may start scaling back QE as soon as US economy shows further improvement.
BSE SENSEX closed at 21,164.52, up by 130.55 points and NSE Nifty ended at 6,299.15, up by 47.45
points. Sensex touched a high of 21,205 and Nifty scaled the levels of 6,309 in intra-day trades.
However, Rupee was trading at Rs 61.39 compared with previous close of Rs 61.24 per dollar.
The Market breadth, indicating the overall health of the market, was strong with 1319/1161 as
advance/decline at the close. Dr Reddy's fell on profit booking after reporting strong Q2 result. Most bank stocks gained. SBI rose after the bank announced reduction in interest rates on bulk deposits (Rs 1 crore and above) across maturities. Bank of Baroda shrugged off weak Q2 result. Bank of India surged after strong Q2 earnings. Shares of realty major DLF edged higher in choppy trade after reporting Q2 result.
Top Nifty Gainers were BOB, PNB, SBI, JP Associates & IDFC while Top Nifty Losers were Dr Reddys,
Ambuja Cement, Lupin, Sun Pharma & Ranbaxy lab among others.
Global Markets Updates:
European shares slipped further away from five-year highs on Thursday, with the Federal Reserve's
less-dovish-than-expected statement raising concerns the U.S. central bank could start trimming its
stimulus sooner than foreseen. However, both Dow and NASDAQ futures were trading lower at this evening.
Technical Parameters of NIFTY
• RSI was at 69, MACD positive above signal line; India VIX was at 18~ which all Indicate that market may see new highs if US outcome from FOMC meet does not surprise us with any negative announcements.
• Nifty closed above all its moving averages like 5DMA (6203), 20DMA (6099) 50DMA (5899) and 200DMA (5856) which all indicate that market may see new highs in the time to come if everything goes well.
Markets closed in Positive terrain with ALL major sectors closing in GREEN. But, BSE_CDs
was the Best performing Sector today.
Continued buying by foreign investors for the last 19 sessions and a sharp rally in PSU banks pushed
Sensex up by 130 points, to a record closing high today as Dalal-Street swung into the festive spirit
ahead of the festival of Diwali. It is Diwali already on D-Street as the buying frenzy saw the indices climb to another record closing high and the markets registering Rs 5-lakh crore plus turnover for the first time ever.
PSU banks such as Bank of India surged on better-than expected Q2 results on hopes of stability in
asset quality. With the US Federal Reserve’s sticking to record stimulus, emerging markets such as India are likely to continue to see further foreign fund inflows amid the availability of cheap money in the US.
Back home, after a steady start, markets picked up steam in the last few hours as traders rolled over
their positions on the day of the expiry of the October F&O contracts. Asian stocks ended lower today on concerns that the US Federal Reserve may start scaling back QE as soon as US economy shows further improvement.
BSE SENSEX closed at 21,164.52, up by 130.55 points and NSE Nifty ended at 6,299.15, up by 47.45
points. Sensex touched a high of 21,205 and Nifty scaled the levels of 6,309 in intra-day trades.
However, Rupee was trading at Rs 61.39 compared with previous close of Rs 61.24 per dollar.
The Market breadth, indicating the overall health of the market, was strong with 1319/1161 as
advance/decline at the close. Dr Reddy's fell on profit booking after reporting strong Q2 result. Most bank stocks gained. SBI rose after the bank announced reduction in interest rates on bulk deposits (Rs 1 crore and above) across maturities. Bank of Baroda shrugged off weak Q2 result. Bank of India surged after strong Q2 earnings. Shares of realty major DLF edged higher in choppy trade after reporting Q2 result.
Top Nifty Gainers were BOB, PNB, SBI, JP Associates & IDFC while Top Nifty Losers were Dr Reddys,
Ambuja Cement, Lupin, Sun Pharma & Ranbaxy lab among others.
Global Markets Updates:
European shares slipped further away from five-year highs on Thursday, with the Federal Reserve's
less-dovish-than-expected statement raising concerns the U.S. central bank could start trimming its
stimulus sooner than foreseen. However, both Dow and NASDAQ futures were trading lower at this evening.
Technical Parameters of NIFTY
• RSI was at 69, MACD positive above signal line; India VIX was at 18~ which all Indicate that market may see new highs if US outcome from FOMC meet does not surprise us with any negative announcements.
• Nifty closed above all its moving averages like 5DMA (6203), 20DMA (6099) 50DMA (5899) and 200DMA (5856) which all indicate that market may see new highs in the time to come if everything goes well.
Markets closed in Positive terrain with ALL major sectors closing in GREEN. But, BSE_CDs
was the Best performing Sector today.
Wednesday, October 30, 2013
Market Triggers 30/10/2013
Diwali Gift from RBI: RBI signal: Expect more rate hikes. Inflation-wary central bank raises repo rate 25 bps; but cuts MSF rate in equal measure to allow extra liquidity; bankers ambivalent on future course but stock markets relieved. Vodafone to invest Rs 10,141 cr to raise stake in Indian arm to 100%. Values subsidiary at Rs 28,469.9 cr, 48% less than in Feb '12. Infosys likely to be slapped $35-mn fine. WSJ report says this would be the largest immigration fine ever.
ECONOMY NEWS
RBI prescribes Rs 500-cr initial capital for foreign bank subsidiaries. Central bank will offer near-national
treatment to foreign lenders opting for subsidiarisation. Retail deposit rates may rise. Banks might hold on to lending rates for the time being. RBI to launch inflation-indexed securities. The Street, however, feels such measures might not see significant
investor interest.
INTERNATIONAL NEWS
Apple profit declines despite increasing sales of iPhones. Revenue from China, Hong Kong and Taiwan climbed just 6% despite the 5C and 5S going on sale in September Dell Inc will delist from the NASDAQ at the close of Tuesday's trading, as founder Michael Dell and private equity house Silver Lake complete their controversial $24.9 billion buyout of the struggling PC maker. US stocks rose, with the Standard & Poor's 500 Index extending a record, as data showing lower retail sales and consumer confidence fuelled bets the Federal Reserve will maintain stimulus as it starts a policy meeting.
COMPANY NEWS
Tata Steel braces for UK job cuts in face of low demand. Tata Steel Europe announces restructuring of long
products business; 500 jobs may be hit; operations at Scunthorpe, Teesside & Workington to be affected.
Ranbaxy in red on stock write-off, forex charge. Street keenly watching how the company plans to monetize
exclusivity opportunities for Diovan, Valcyte and Nexium. Lower demand, costlier import pull down NTPC's profit. Net profit for the quarter at Rs 2,492 cr compared with Rs 3,142 cr during the same period last year. No hit from order to give up KG-D6 discoveries, says RIL. Company says it hasn't made any investment in it. Gaja Advisors plans $250 mn fund for mid-size, SME firms. Repco Home Finance net profit up 30.7%. Total income from operations increased by 9.48% at Rs 129.9 crore as compared to Rs 118.65 crore.
WORLD MARKET
European shares edged higher on Tuesday as
estimate-beating results at BP and Saipem fuelled a
surge in the oil sector, a laggard in this year's equity
rally.
Asian share markets should take heart from record
highs in U.S. stocks on Wednesday as investors'
wager the Federal Reserve will rock no boats at its
policy meeting and leave stimulus in place for the
next few months at least.
The Dow and S&P 500 ended at record highs on
Tuesday after economic data supported views that
the Federal Reserve would keep its stimulus intact for
several months and IBM rallied after the company
announced a stock buyback.
MARKET OUTLOOK FOR TODAY
Domestic markets are likely to open on a positive note, tracking strong cues from the overseas markets. Asian peers are trading higher amid rising company earnings and on speculations that the US Fed will leave stimulus in place for the next few
months at least. Nikkei is advancing, benefiting from weakness in the yen against the US dollar, as well as overnight advances on Wall Street. On domestic front, Telecom and Realty stocks are likely to be in limelight today as corporate earnings from Bharti Airtel, Bata India; DLF etc. will be announced for Q2. Selected banking stocks will also
be in focus after the RBI positive policy announcements. The US stocks closed higher on Tuesday, with the S&P's 500 Index extending a record, on expectations that the Federal Reserve will maintain stimulus as it starts a policy meeting. FIIs net buy worth Rs. 1103 crs in the last session, SGX nifty trading positive by about 20 points at this morning and positive global cues may all lead to positive opening on nifty by about 10-15 points at the morning bell and then we may see stock specific move ahead of F&O expiry tomorrow and its roll over position.
Trade Calls 30/10/2013
SCRIP NAME
|
ACTION
|
RANGE
|
CMP
|
INTRADAY TARGET
|
STOP LOSS
|
52 WEEK
H/L
|
TATA STEEL
|
BUY
|
RANGE 322-326
|
326
|
332
|
320
|
448/195
|
TATA MOTORS
|
BUY
|
RANGE 378-382
|
382
|
388
|
375
|
393/245
|
ARVIND MILLS
|
BUY 1-2 DAYS
|
RANGE 105-107
|
107
|
112
|
103
|
108/65
|
SYNDICATE BANK
|
BUY 1-2 DAYS
|
RANGE 74-76
|
76
|
80
|
72
|
145/61
|
INFOSYS
|
SELL
|
RANGE 3330-3350
|
3330
|
3300
|
3360
|
3372/2190
|
LUPIN
|
SELL
|
RANGE 894-900
|
894
|
885
|
902
|
946/557
|
RANBAXY
|
SELL
|
RANGE 383-388
|
386
|
365
|
395
|
559/254
|
Tuesday, October 29, 2013
Market Summary for the day 29/10/2013
Sensex rose nearly 2 % snapping a five-day losing streak to hit their highest close in nearly
three years and also managed to close at their highest level in 2013 so far led by bank shares after the RBI at its second Quarter Review of Monetary Policy 2013-14 announced today. RBI in its monetary policy review today hiked the repo rate by 25 bps to 7.75%. The MSF rate was cut by 25 bps to 9.25%. CRR was left unchanged at 4%. RBI also cuts the FY14 GDP growth forecast to 5% from 5.5%. Giving a CPI forecast for the first time, the RBI said retail inflation will remain above 9%, adding that both WPI and CPI will remain elevated in the months ahead. The rupee was trading stable at Rs 61.52 compared with previous close of Rs 61.53 per dollar after an in-line monetary policy review. FIIs remained net buyers of equities yesterday.
Globally, Asian shares withered and the dollar lurked just above its recent lows while
European markets were trading in green boosted the sentiment. In Domestic markets, all the sectoral indices closed in the green with gains of at least 0.5%. Bankex was the top gainer among the sectoral indices on the BSE up 4.4% followed by Realty, Metal and Auto indices up 2% each. Others like PSU, Power, Consumer Durables, Health Care, Capital Goods and Oil and Gas indices up 1% each. Maruti Suzuki was up 8.2% after reporting a better than expected net profit at Rs 670 crore for the quarter ended September 2013 (Q2FY2014), driven by strong growth in exports, favorable exchange rate and cost control measures.
Other Sensex gainers include, Tata Steel, Mahindra & Mahindra, Hero MotoCorp, Hindalco,
SSLT, Hindustan Unilever, Tata Power and HDFC adding gains of 2-4% BHEL down 0.1% was the only loser among the Sensex-30. Sensex closed up by 359 points at 20,929 and Nifty ended up 120 points at 6,221. The market breadth was very positive on the BSE, 1,291 stocks advanced while 1,095 stocks
declined.
Global Markets Updates:
European shares edged higher early on Tuesday to keep within their recent, tight range as
the banking sector slid after provisions for legal costs marred results at Deutsche Bank and
UBS.
However, Both NASDAQ & Dow futures started trading in Red at this evening ahead of
FOMC minutes outcome.
Technical Parameters of NIFTY
• RSI was at 65, MACD negative below & signal line; India VIX was at 19~ which all Indicate that market may see
new highs if US outcome from FOMC meet does not surprise us with any negative announcements.
• Nifty closed above all its moving averages like 5DMA (6161), 20DMA (6047) 50DMA (5811) and 200DMA
(5854) which all indicate that market may see new highs in the time to come if everything goes well.
Monday, October 28, 2013
Market Summary for the day 28/10/2013
• The key domestic indices ended lower today as the Sensex closed in the red for the fifth day on
the trot as FMCG stocks declined amid disappointing Q2 results from companies such as ITC.
• Caution ahead of the RBI’s policy decision tomorrow, where the central bank is expected to
raise its key benchmark rate by 25 bps, the second straight hike, amid surging inflationary
pressures, also weighed on sentiment.
• The markets are expected to stay volatile ahead of the October futures and options expiry later
this week, while caution ahead of the two-day US Federal Reserve policy meet beginning
tomorrow, also weighed on markets.
• FMCG major ITC shed more than 3.5 per cent after the company’s Q2 sales growth lagged
market estimates. Net Sales of ITC increased 8.9 per cent (far lower than analysts'
expectations) to Rs 7,780 crore during September quarter from Rs 7,146 crore in the year ago
period, dented by slow volume growth in cigarette business and fall in agri volume.
• Asian stocks ended higher today amid speculation that global central banks may maintain
stimulus this week to support the world economy. The US Federal Reserve, which will begin its
two-day policy meet on Tuesday, is tipped to maintain its USD 85 billion monthly bond buying
program while the Bank of Japan will continue to buy bonds to achieve the 2 per cent inflation
target.
• BSE SENSEX closed at 20,570.28, down by 113.24 points and NSE Nifty closed at 6,101.1,
down by 43.8 points.
• On the Sectoral front, FMCG and Realty shed 2.56 per cent and 2.10 per cent, respectively.
• The Market breadth, indicating the overall health of the market, was weak.
• Top Nifty Gainers L&T HDFC ONGC WIPRO & Kotak Bank
• Top Nifty Losers JP Associates Bk of Baroda ITC PNB & DLF
Global Markets Updates:
• Pan-European stocks steadied near 5-year highs on Monday, propped up by robust corporate
earnings, but with some strategists taking profits from the recent rally.
• However, Dow and Nasdaq future started on a mixed note with Nasdaq Future trading higher by
about 6 points and Dow flat at about 4 points down at this evening .
Technical Parameters of NIFTY
• RSI at 57, MACD positive above signal line; India VIX was at 21~ which all Indicate that market may see
consolidate in short to medium term before taking any direction further.
• Today Nifty closed below 5DMA (6158) but above 20DMA (6028) 50DMA (5802) and 200DMA (5852) which all indicate that market may make consolidate further before taking any decision further.
SECTOR-WISE PERFORMANCE
Markets closed in negative terrain with most sectors closing in red. However, BSETECK
was the best performing sector while BSE REALTY was the worst performing sector
the trot as FMCG stocks declined amid disappointing Q2 results from companies such as ITC.
• Caution ahead of the RBI’s policy decision tomorrow, where the central bank is expected to
raise its key benchmark rate by 25 bps, the second straight hike, amid surging inflationary
pressures, also weighed on sentiment.
• The markets are expected to stay volatile ahead of the October futures and options expiry later
this week, while caution ahead of the two-day US Federal Reserve policy meet beginning
tomorrow, also weighed on markets.
• FMCG major ITC shed more than 3.5 per cent after the company’s Q2 sales growth lagged
market estimates. Net Sales of ITC increased 8.9 per cent (far lower than analysts'
expectations) to Rs 7,780 crore during September quarter from Rs 7,146 crore in the year ago
period, dented by slow volume growth in cigarette business and fall in agri volume.
• Asian stocks ended higher today amid speculation that global central banks may maintain
stimulus this week to support the world economy. The US Federal Reserve, which will begin its
two-day policy meet on Tuesday, is tipped to maintain its USD 85 billion monthly bond buying
program while the Bank of Japan will continue to buy bonds to achieve the 2 per cent inflation
target.
• BSE SENSEX closed at 20,570.28, down by 113.24 points and NSE Nifty closed at 6,101.1,
down by 43.8 points.
• On the Sectoral front, FMCG and Realty shed 2.56 per cent and 2.10 per cent, respectively.
• The Market breadth, indicating the overall health of the market, was weak.
• Top Nifty Gainers L&T HDFC ONGC WIPRO & Kotak Bank
• Top Nifty Losers JP Associates Bk of Baroda ITC PNB & DLF
Global Markets Updates:
• Pan-European stocks steadied near 5-year highs on Monday, propped up by robust corporate
earnings, but with some strategists taking profits from the recent rally.
• However, Dow and Nasdaq future started on a mixed note with Nasdaq Future trading higher by
about 6 points and Dow flat at about 4 points down at this evening .
Technical Parameters of NIFTY
• RSI at 57, MACD positive above signal line; India VIX was at 21~ which all Indicate that market may see
consolidate in short to medium term before taking any direction further.
• Today Nifty closed below 5DMA (6158) but above 20DMA (6028) 50DMA (5802) and 200DMA (5852) which all indicate that market may make consolidate further before taking any decision further.
SECTOR-WISE PERFORMANCE
Markets closed in negative terrain with most sectors closing in red. However, BSETECK
was the best performing sector while BSE REALTY was the worst performing sector
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