Weekly Newsletter Newsletter-Equity 06/12/2010
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Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers NIFTY Five Days Up World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future
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MARKET WRAP Indian equity market ends 3 weeks downtrend, Nifty rallied 240.85 pts or 4.19%. India’s economy grew 8.9% in July-Sep quarter while food inflation eases to 8.6%. Global markets ended up with S&P at 2 year high as Euro zone debt fears eases.
Indian equity markets ended the three weeks downtrend as Nifty surged 240.85 pts or 4.2% to end near 6k at 5992 after touching weekly high of 6029.50 while Sensex rallied 830.32 pts or 4.34% to settle near 20k at 19966 after touching weekly high of 20084.25. Bank nifty gained 690.85 pts or 5.89% ending above 12k at 12408. Last week’s worst hit realty index gained 7.7% while PSU index rallied 5.7%. In frontline stocks, Tata motors, R cap and Suzlon energy gained 11-15% while Cement stocks saw liquidation.
India’s Q2 GDP grew more than expected in July-Sep quarter as it came up at 8.9% vs. 8.7% (y/y) beating street forecasts of 8.3%. Manufacturing sector grew 9.8%, farm output came up at 4.4% while construction growth was up at 8.8% (y/y). With that, October exports was up 21.3% at $18 Bn. while imports grew 6.8% to $27.7 Bn. India’s food price inflation eased down to 18-month low as it came down at 8.60% vs. 10.15% (y/y) and fuel price inflation eased down to 9.99% vs. 10.57%.
Global
equity markets ended up as major global indices gained on the back of
reassured investor’s confidence on sooner global economic stability. DJIA gained 290 pts to end at 11382, up 2.62% while S&P rose 3% to a new 2 year high and settled at 1224. Though crucial jobless claims came higher at 436K, Non –farm employment change was down at 39K & average hourly earnings came flat. FTSE ended up 1.35% or 76 pts at 5745. Hangseng, Nikkei & Jakarta composite too ended the week up 1-2%.
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Shah Alloys Neuland Lab Orbit Corp Garware Offshore Shasun Pharma
20.95 156.35 91.45 173.65 74.50
15.75 118.20 69.95 134.60 58.20
5.20 38.15 21.50 39.05 16.30
33.02 32.28 30.74 29.01 28.01
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Money Matters ShriAshtavinayak BLB Ltd Tainwala Chem Supreme Tex Mart
281.05 21.50 12.10 20.15 14.65
674.50 45.30 16.80 26.95 19.00
-393.45 -23.80 -4.70 -6.80 -4.35
-58.33 -52.54 -27.98 -25.23 -22.89
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Suzlon Tata Motors R Capital PNB Cairn India
52.95 1320.15 708.40 1271.00 324.50
44.90 1166.45 634.90 1151.45 294.00
8.05 153.70 73.50 119.55 30.50
17.93 13.18 11.58 10.38 10.37
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
03-Dec-10
23,320.52
443.27
1.94
Jakarta Composite
Indonesia
03-Dec-10
3,696.26
53.76
1.48
Nikkei 225
Japan
03-Dec-10
10,178.32
138.76
1.38
Malaysia
03-Dec-10
1,500.98
8.93
0.60
Singapore
03-Dec-10
3,172.44
13.07
0.41
South Korea
03-Dec-10
1,957.26
55.46
2.92
FTSE 100
United Kingdom
03-Dec-10
5,745.32
76.62
1.35
Nasdaq
United States
04-Dec-10
2,591.46
56.90
2.24
DJIA
United States
04-Dec-10
11,382.09
290.09
2.62
S&P 500
United States
04-Dec-10
1,224.71
35.31
2.97
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,992.80 12,408.65 19,966.93
240.85 690.65 830.32
4.19 5.89 4.34
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6751
6476
6201
6097
5926
5822
5651
5376
5101
OUTLOOK Trend:- Consolidate Resistance:- 6120 120, 6225 Support:- 5890, 55790 Strategy:- Buy on dips NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
14758
13922
13086
12747
12250
11911
11414
10578
9742
OUTLOOK Trend:- Consolidate Resistance:- 12800 800, 13150 Support:- 12020,, 11 11750 Strategy:- Buy on dips BANK NIFTY WEEKLY
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