Weekly Newsletter Newsletter-Equity 15/11/2010
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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 market ends down on global fears, Nifty ended below 6100, down 240 pts. Sep IIP came down at 4.4% vs. 8.2% while Mfg. o/p came at 4.5% vs. 8.3% (YoY) Global equity markets ends in red due to European woes & currency imbalances.
Indian
equity markets ended down almost 4% this week tracking sell off in global
equities market owing to European woes & G20 meet directionless on major currencies imbalances issue. Nifty ended below 6100 at 6071, down 240 pts or 3.81% and Sensex sliced down 848 pts to end below 20250 at 20156. Bank nifty was worst hit as it lost 729 pts to end at 12537 after touching a fresh all time high of 13320. SBI plunged 13.5%, DLF cracked down 8.5%, while Airtel, BHEL, ICICI bank, ONGC ended down 5-7%.
Index of industrial production dipped for second consecutive month as it came down at 4.4% vs. 8.2% (YoY) & 5.6% (MoM). Mfg output came at 4.5% vs. 8.3% & Consumer goods came at 5.2% vs. 9.1% (YoY). Food price inflation jumped to 12.30% vs. 10.67% & Fuel inflation came up at 12.85% vs. 10.67%. In results, SBI reported Q2 net profit down at `2364 cr. vs. `3051 cr. (YoY) & Tata motors Q2 net profit up at `2223 cr. vs. `2178 cr. jump in volumes on improved market conditions.
Global equity markets ended down in red due to uncertainty on major currencies issue in G20 meet in Seoul and with that, rising inflation in China and rate hike fears prompted the investors around the world to book profits. Dow Jones future shred 228 pts to end at 11155. Later this week, DJIA and S&P fell 106 pts and 16 pts respectively as tech giant Cisco’s weak result outlook hit investors sentiment. European markets ended down with FTSE ending below 5800 at 5796 and CAC at 3831 due to weaker Euro economy data.
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Pondy Oxides Celebrity Fashions Jumbo Bag Himatsingka Seide Sarda Energy
69.00 23.65 70.50 62.20 353.75
43.30 15.20 50.65 48.15 275.10
25.70 8.45 19.85 14.05 78.65
59.35 55.59 39.19 29.18 28.59
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Glory Polyfilms Vinyl Chemicals Hitachi Home Sharyans Resources Zicom Electronic
10.35 16.45 267.75 92.55 62.75
16.35 20.30 325.30 112.30 75.75
-6.00 -3.85 -57.55 -19.75 -13.00
-36.70 -18.97 -17.69 -17.59 -17.16
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
R Power Ambuja Sun Pharma Sterlite Ind Tata Motors
183.35 158.50 2,321.60 181.95 1,246.25
190.75 161.30 2,328.00 186.25 1,275.95
164.90 151.65 2,276.65 181.70 1,244.95
11.19 4.52 1.97 0.14 0.10
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
12-Nov-10
24222.58
-477.72
-1.93
Jakarta Composite
Indonesia
12-Nov-10
3665.85
-78.77
-2.10
Nikkei 225
Japan
12-Nov-10
9724.81
-136.65
-1.39
Malaysia
12-Nov-10
1499.81
-13.89
-0.92
Singapore
12-Nov-10
3252.00
-41.39
-1.26
South Korea
12-Nov-10
1913.12
-1.61
-0.08
FTSE 100
United Kingdom
12-Nov-10
5796.87
-18.36
-0.32
Nasdaq
United States
13-Nov-10
2518.21
-37.31
-1.46
DJIA
United States
13-Nov-10
11192.58
-90.52
-0.80
S&P 500
United States
13-Nov-10
1199.21
-14.33
-1.18
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
6,071.65 12,537.10 20,156.89
-240.35 -729.90 -847.11
-3.81 -5.50 -4.03
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6994
6714
6434
6253
6154
5973
5874
5594
5314
OUTLOOK Trend:- Consolidate Resistance:- 61700, 6280 Support:- 5960, 55880 Strategy:- Sell on highs NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
15238
14419
13600
13061
12781
12242
11962
11143
10324
OUTLOOK Trend:- Consolidate Resistance:- 12700 700, 13010 Support:- 12250, 12000 Strategy:- Sell on highs BANK NIFTY WEEKLY
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