Mid Market Review 07/06/2013

Domestic indices continued to edged higher during the noon trading session amid buying interest in index
heavyweights including Tata Steel, Sesa Sterlite, Sun Pharma, Tata Power, Dr. Reddy and Cipla among others.
• Earlier, tracking firm trend in fellow Asian markets and a bullish closing on Wall Street overnight, the domestic
bourses belled the day in positive terrain and witnessed broad based buying as a dip in US jobless claims last week
signaled an improving labour market recovery,
• Moreover, the investors are waiting for the GDP figure to be released later in the day. The revised GDP data for
2013/14 fiscal year, ending March 31, will be released at around 5.30 pm.
• Market participants feel that the Govt may cut its estimate of 5 percent growth forecast for the fiscal year that ends
on March 31, on a slower than-expected recovery by industries.
• Telecom stocks were mostly lower. Capital goods stocks edged higher. Tata Steel extended initial gains. Bank stocks
edged higher.
• At present, Sensex was trading at 20344 up by 33 points while Nifty was trading at 6074 up by 38 points at this
afternoon.
• Aurobindo Pharma continues its upward journey with daily new 52 week high.
• Sectorwise, Health care, Metal and Auto led the rally today while CD FMCG IT & Tech were under selling grip today.
• However, both small cap and midcap stocks continue to trade higher by about more than half a percent up today.

MIDDAY REVIEW 01/11/2013

Investors’ sentiments got a boost with the core industries growing at 11 months high at 8% in September
against 3.7% growth in the previous month, on account of good performance by crude oil, steel and electricity sector.
FIIs were net buyers for the 18th straight day during the month of October. FIIs have pumped more than Rs 86,000 crore in Indian stocks during 2013.
On sectoral front, PSU banks continued to trade higher after some selected banks reported better-than-expected earnings for the quarter ended September 2013. Auto shares firmed up on expectation of higher sales growth in October. Tata Motors, M&M and Maruti Suzuki were trading up by over 0.80% on BSE.
Asian markets were trading mixed, Nifty and Sensex were trading above their psychological 6,300 and 21,200 levels respectively. The market breadth on BSE was positive with 1,204 stocks advanced while 749 stocks declined on the BSE.

The broader indices were trading in green; the BSE Mid cap index was up by 1.26%, while Small cap index
gained 0.95%.
From A group stocks, Bharti Airtel, Bhushan steel, CESC, Hero Motocorp, Motherson Sumi, MRF, and Sesa Sterlite & Tata Comm made 52 week high during intraday trades today.

Sensex is currently trading at 21182 up by 17 points while Nifty is trading at 6315 up 17 points.

MIDDAY REVIEW 28/10/2013

Indian markets were witnessing lackluster trade during the mid-session with key indices moving in a narrow
range as investors stayed on the sidelines ahead of RBI’s monetary policy review tomorrow. Market believes that the central bank may again hike the repo rate by 25 basis points to contain the spiraling inflation. Consolidation may continue in the near term ahead of the October series expiry and PSU bank earnings numbers. Earlier markets opened higher, mirroring the positive trend in other Asian markets. Pharma stocks edged lower. Shares of power generation firm JSW Energy declined on weak Q2 result. Essar Oil edged higher after announcing Q2 results. Recently listed Just Dial rose on strong Q2 result. The market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month October series to November 2013 series   The Market breadth, indicating the overall strength of the market, was weak with advance/decline ratio at 920/1188 as of now on BSE. On stock specific front, HUL up by over 1.50% on BSE as the company's sales volumes in the September quarter grew 5 percent, in line with market estimates. On the other hand, ITC was trading lower by over 2.50% on BSE after reporting lower than expected revenue and net profit growth for the second quarter ended September 2013.
On the global front, Asian markets were trading in green with Shanghai Composite up by 0.16% and
Japanese index Nikki up by 2.19% as global risk appetite has improved amid hopes that the Federal Reserve will maintain its stimulus. DIPP has finalized the Cabinet note on relaxing norms for Foreign Direct Investment (FDI) in the construction sector including townships, housing and built-up infrastructure.
Among major stocks DABUR made 52 week high today while Bharat electric made 52 week low during
intraday trades today.