Weekly ly Newsletter Newsletter-Equity 14 MAY 2012
EQUITY ANALYSIS - DAILY
Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers Volume Toppers World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future
MARKET WRAP A bad week ended red with Nifty and Sensex both down more than 3.2 %. U.S. Unemployment claims came at 367K; Trade Balance came at (-) 51.8B. This week has given a weak ending for almost all international markets.
This was a dismal week for the Indian market which saw almost all sectoral indices end in the red. Infrastructure took the most beating, followed by technology, metals and banks. The range for the indices shifted further down and next week it is expected that this will continue to be choppy and negative. Nifty this week has closed below its psychological level of 5000 to end at 4929 and Sensex shredding 3.2% to end at 16293. Negative cues from domestic and global markets made the markets vulnerable.
India's
industrial output unexpectedly contracted 3.5% in March compares with
February's annual increase of 4.1%, government data showed. Manufacturing, which constitutes about 76% of industrial production, shrank an annual 4.4% from a year earlier. The overall output grew 2.8% in the fiscal year that ended on March 31, much slower than 8.2% in the year-ago period. India's economy has slowed considerably due to surging inflationary pressures, which have resulted in high interest rates.
It was a volatile week for global markets, Global cues remained cheerless as concerns over Greece continued to haunt traders. Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for US growth. The implications of French and Greek elections for the region's drive to impose fiscal austerity
will
be
crucial,
while
March
readings
on
industrial
production.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Kothari Sugars
8.90
6.30
2.60
41.27
Guj. Lease Fin
3.35
2.40
0.95
39.58
M & B Switchgears
75.70
56.95
18.75
32.92
Nu Tek India
0.70
0.55
0.15
27.27
Chemplast Sanmar
14.55
11.55
3.00
25.97
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
REI Six Ten Retail
6.10
9.85
-3.75
-38.07
Bartronics India
25.55
33.85
-8.30
-24.52
Sanwaria Agro Oils
24.75
32.50
-7.75
-23.85
Global Vectra
10.05
13.05
-3.00
-22.99
Jubilant Ind
206.95
266.75
-59.80
-22.42
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
Lanco Infratech
12.15
12.40
-2.02
33442.26
Suzlon Energy
18.95
19.45
-2.57
27866.25
HDIL
64.40
62.95
2.30
26957.30
JP Associate
62.90
60.30
4.31
23335.25
Unitech
20.45
21.15
-3.31
21022.88
NSE LOSERS
VOLUME TOPPERS
SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
20-May-10
20227.28
-858.72
-4.07
Jakarta Composite
Indonesia
21-May-10
4133.63
-83.05
-1.97
Nikkei 225
Japan
21-May-10
9009.65
-370.60
-3.95
KLSE Composite
Malaysia
21-May-10
1588.06
-2.98
-0.19
Seoul Composite
South Korea
21-May-10
1944.93
-44.22
-2.22
Strait Times
Singapore
20-May-10
2883.40
-107.19
-3.58
FTSE 100
United Kingdom
21-May-10
5544.00
-111.06
-1.96
Nasdaq
United States
22-May-10
2933.64
-22.70
-0.77
DJIA
United States
22-May-10
12855.04
-183.23
-1.41
S&P 500
United States
22-May-10
1357.99
-11.11
-0.81
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
4931.00
-167.00
-3.28
BANK NIFTY
9379.00
-415.00
-4.24
SENSEX
16293.00
-538.00
-3.20
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 5710
R3 5470
R2 5230
R1 5081
P 4990
OUTLOOK Trend: - Consolidate Resistance: - 51000, 5250 Support: - 4800, 44640 Strategy: - Sell on High
NIFTY WEEKLY
S1 4841
S2 4750
S3 4510
S4 4270
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 11504
R3 10841
R2 10178
R1 9778
P 9515
OUTLOOK Trend: - Consolidate Resistance: - 9700 9700, 10200 Support: - 9100, 865 8650 Strategy: - Sell on High BANK NIFTY DAILY
S1 9115
S2 8852
S3 8189
S4 7526
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