Weekly Newsletter Newsletter-Equity 06/06/2011
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Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers NIFTY 5 Days Up Indian Equity Market Index Watch World Indices Technical Analysis Nifty Spot Bank Nifty Future
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MARKET WRAP Indian market ends up despite negative global cues, Markets witness FII’s inflows. Food inflation falls to 8.06% w/w while primary articles inflation eased to 10.87%. Global equity markets ends down on weak economic indicators, DJIA down 2.5%.
Indian equity market ended positive despite negative global cues as it witnessed FII’s inflows complimented by declining trend in inflation. Nifty added 41 pts to end at 5516 after making a weekly high of 5608 while Sensex rallied 110 pts to end the week at 18377. Markets upside was capped by Friday’s sell off due to weaker U.S & Euro markets. Bank nifty future gained 1.15% or 123 pts to end at 10761. In frontline stocks, Tata Motors tumbled 6.2% while Hindalco, Cairn and M&M shredded 3 - 5%.
India’s food price inflation declined on weekly basis as it came down to 8.06% vs. 8.55% in previous week while Primary articles inflation eased down to 10.87% vs. 11.60% in the previous week. Fall in food inflation was on the back of decline in prices of pulses by 9.22% y/y and wheat by 0.77%. The centre’s Fiscal deficit in April worked out to be 18.1% of budget estimates as it stood at Rs. 74611 Cr. India’s HSBC PMI edged down to 57.5 in May vs. 58.0 in April due to slower expansion rate of new orders.
Global equity markets ended down due to series of weaker than expected economic indicators that signaled economic slowdown in DM’s. DJIA ended down nearly 2.5% & Nasdaq ended down 2.3%. Jobless claims came up at 422k while ADP Non-farm employment change saw sharp decline to 38K. Unemployment rate was up at 9.1% vs. 9.0%. In Euro zone, FTSE was down 84 pts, CAC 60 pts & DAX 55 pts as German retail sales was down at 0.6%, French consumer spending in negative at (-)1.6% and GBP manufacturing down at 52.1 vs. 54.4. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name Indian Terrain Lloyd Steel Transformers Celebrity Fashions Store One Retail
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
120.15 19.15 295.40 10.75 18.35
53.57 6336.19 970.87 37.94 110.06
100.10 16.25 259.55 9.50 16.40
20.03 17.85 13.81 13.16 11.89
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
0.50 65.75 45.95 1474.30 38.30
432.56 1546.20 0.24 1.82 0.60
0.55 72.30 49.50 1582.40 41.00
-9.09 -9.06 -7.17 -6.83 -6.59
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
2334.20 1251.60 1167.75 283.05 386.00
2329.20 1246.80 1175.40 293.35 382.80
2188.30 1200.00 1135.75 277.40 355.25
6.67 4.30 2.82 2.04 8.66
NSE LOSERS Company Name Birla Cotsyn Sanghvi Forging Ausom Enterprises Wendt India GKB Ophthalmics
NIFTY - 5 DAYS UP Company Name SBI Tata Power TCS Sesa Goa HPCL
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5516.75 10761.60 18376.48
40.65 123.05 110.38
0.74 1.15 0.60
Index Watch INDEX
27.05.2011
03.06.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5476.10
5516.75
40.65
0.74
CNX NIFTY Jr.
11149.05
11308.15
159.10
1.43
CNX IT
6507.60
6562.05
54.45
0.84
BANK NIFTY
10722.65
10782
59.35
0.55
INDIA VIX
17.25
17.61
0.36
2.09
CNX 100
5406.05
5452.35
46.30
0.86
S&P CNX DEFTY
4197.50
4259.4
61.90
1.47
S&P CNX 500
4409.80
4457.9
48.10
1.09
CNX MIDCAP
7875.35
7992.95
117.60
1.49
NIFTY MIDCAP 50
2449.60
2479.8
30.20
1.23
CNX INFRA
2928.40
3010.5
82.10
2.80
CNX REALTY
274.95
282.3
7.35
2.67
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
3-Jun-11
22949.56
-168.51
-0.72
Jakarta Composite
Indonesia
3-Jun-11
3844.02
11.64
0.30
Nikkei 225
Japan
3-Jun-11
9492.21
-29.73
-0.31
KLSE Composite
Malaysia
3-Jun-11
1559.85
11.16
0.72
Straits Times
Singapore
3-Jun-11
3145.67
10.15
0.32
Seoul Composite
South Korea
3-Jun-11
2113.47
13.23
0.63
European Markets FTSE 100
United Kingdom
3-Jun-11
5855.01
-83.86
-1.41
CAC 40
France
3-Jun-11
3890.68
-59.90
-1.51
DAX
Germany
3-Jun-11
7109.03
-54.44
-0.76
U.S.A. Markets Nasdaq
United States
3-Jun-11
2732.78
-64.08
-2.29
DJIA
United States
3-Jun-11
12151.26
-290.32
-2.33
S&P 500
United States
3-Jun-11
1300.16
-31.14
-2.33
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
5964
5818
5672
5594
5526
5448
5380
5234
5088
OUTLOOK Trend: - Consolidate Resistance: - 5630 630, 5790 Support: - 5440, 440, 5310 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
11769
11447
11125
10943
10803
10621
10481
10159
9837
OUTLOOK Trend: - Consolidate Resistance: - 11100 1100, 11280 Support: - 10500,, 110320 Strategy: - Buy on dips BANK NIFTY WEEKLY
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