Weekly equity report 9
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Transcript of Weekly equity report 9
Weekly fundamental speaks
DALAL STREET face
INDIAN BENCHMARKS rebounded quite sharply this week, hitting historic highs on hopes
of policy reforms from oil, finance and food ministries ahead of Union Budget. The Reserve
Bank of India kept repo rate and cash reserve ratio unchanged but slashed statutory liquidity
ratio by 50 basis points to 22.5 percent.
Maruti Suzuki India reported a 16% increase in its domestic sales in May. The company sold
90,560 units compared with 77,821 units a year ago. The IDFC Board gave in principle
approval for the proposed domestic fund raising to bring down the Foreign Shareholding in
IDFC below 50%.
The INDIAN BENCHMARKS SENSEX ended 376 point up at 25396 and the 50-share
NIFTY closed 109 point up at 7583.40.
GLOBAL MARKET chase
ASIAN STOCKS were mixed, showing little reaction to the European Central Bank's move to
introduce negative deposit rates, but alert ahead of U.S. jobs data.
U.S. STOCKS rose after data revealed the U.S. economy added more than 200,000 new
nonfarm payrolls in May for a fourth consecutive month.
EUROPEAN STOCKS rose, as European regulators have completed their assessment of drug
manufacturing violations at Ranbaxy Laboratories Ltd's facility in Toansa, India.
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Week ahead
INDIAN INDICES could hit new record highs on continued hopes that Asia's third largest
economy will rebound under the new government.
Investors will track economic indicators, including May consumer prices and April industrial
output due on Thursday, June 12.
Further, News related to the upcoming budget and to potential reforms by the Narendra Modi
government will also be key, as will foreign investor flows after overseas funds brought in $8.3
billion in Indian stocks so far in 2014.
Happy week ahead!!
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Weekly global numbers
ASIAN INDICES
INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%)
SENSEX 24368.96 25419.14 24270.20 25396.46 24217.34 4.87
NIFTY 7264.05 7592.70 7239.50 7583.40 7229.95 4.89
NIKKEI 14777.51 15144.34 14777.51 15077.24 14632.38 3.04
KOSPI 1998.81 2008.56 1986.95 1995.48 1994.96 0.03
HANG SENG 23327.51 23327.51 22950.67 22951.00 23081.65 -0.57
0.20EUROPEAN INDICES
INDEX OPEN HIGH LOW CLOSE PRE.CLOSE CHANGE (%)
FTSE 6844.50 6874.40 6795.30 6858.20 6844.50 0.20
CAC 4523.90 4586.68 4470.47 4581.12 4519.57 1.36
DAX 9986.86 10013.69 9866.97 9987.19 9943.27 0.44
US INDICES
INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%)
NASDAQ 4247.96 4322.51 4207.61 4321.40 4242.62 1.86
DOW JONES 16716.85 16924.28 16673.65 16924.28 16717.17 1.24
S&P 500 1,923.87 1949.44 1915.98 1949.44 1923.57 1.34
FII’S & DII’S MOVE
CATEGORY BUY VALUE (IN CRORE)
SELL VALUE (IN CRORE)
NET VALUE (IN CRORE)
FII 24399.28 20937.69 3461.59
DII 6808.91 7598.85 -789.94
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Weekly NIFTY NUMBERS
NIFTY SECTORIAL INDICES
SCRIPTS OPEN HIGH LOW CLOSE
S&P CNX NIFTY 7264.05 7592.70 7239.50 7583.40
CNX NIFTY JUNIOR 15576.00 16614.20 15571.75 16601.15
CNX IT 8986.50 9253.65 8877.75 8970.30
BANK NIFTY 14786.45 15576.05 14770.00 15543.15
CNX 100 7214.55 7562.25 7194.85 7554.80
NIFTY MIDCAP 50 3058.35 3373.85 3058.15 3370.50
S&P CNX 500 5829.10 6134.15 5818.30 6129.95
WEEKLY NIFTY SMART MOVERS
SCRIPTS PRICE VOLUME (IN 000’S)
PRE. CLOSE CHANGE (%) CHANGE (Rs.)
ONGC 465.65 5614.39 378.15 23.14 87.50
BPCL 628.10 1625.69 521.90 20.35 106.20
TATA STEEL 560.65 5197.15 475.10 18.01 85.50
HERO MOTOCORP 2682.75 553.04 2345.85 14.36 336.90
HINDALCO 169.25 11040.94 148.00 14.36 21.25
WEEKLY NIFTY TOP LAGGARDS
SCRIPTS PRICE VOLUME PRE. CLOSE CHANGE (%) CHANGE (Rs.)
HCL TECH 1327.70 882.87 1418.55 -6.40 -90.85
DR REDDY 2354.05 2122.80 2460.65 -4.33 -106.60
TCS 2084.25 1292.82 2141.35 -2.67 -57.10
SUN PHARMA 599.65 9956.16 610.65 -1.80 -11.00
ITC 336.70 7364.59 341.75 -1.48 -5.05
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Weekly Technical SPEAKS
NIFTY CHART & PIVOT
R4 R3 R2 R1 P S1 S2 S3 S4
8531 8173 7825 7704 7471 7351 7118 6765 6412
INDEX RESISTANCE SUPPORT
NIFTY R1- 7625 S1- 7350
R2- 7700 S2- 7220
TREND STRATEGY
BULLISH BUY ON DIPS
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BANK NIFTY FUTURE
CHART & PIVOT
R4 R3 R2 R1 P S1 S2 S3 S4
18004 17101 16198 15884 15295 14981 14392 13489 12587
INDEX RESISTANCE SUPPORT
BANKNIFTY R1- 15625 S1-15110
R2- 15995 S2- 14675
TREND STRATEGY
BULLISH BUY ON DIPS
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