WEEKLY EQUITY NEWSLETTER 19/Aug./2013
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 Nifty was closed red down 1.04%, Sensex was closed red down 1.02% Last week. Last week US Retail Sales m/m 0.2% and US Unemployment claims 320K. Euro & U.S markets were green; while Asian markets were red last week.
equity markets ended red on Friday on this week the Sensex and Nifty
were in consolidate trend. Major sector which were down like Banking Index, Power Index, Metal Index and Top Losers are BHEL (down 11.97%), Bank of Baroda (down 7.40%), Reliance infra (down 7.12%), PNB (down 6.50%), Jindal Steel & Power (down 5.94%), Coal India (down 5.85%), JP Associate (down 5.56%) & Larsen & Tourbo (down 5.06%). Technically Nifty may expected to down from this point or a short term range bound this week; Nifty this week may range 5300-5800.
On the economic front, The RBI likely sold dollars via state-run banks from 61.85 rupee levels, three traders said, propping the local currency battered on Friday after policy makers efforts to defend the rupee have fallen short and as local stocks slumped. India's foreign exchange reserves were up at $278.602 billion as on August 9, compared with $277.17 billion in the earlier week, the Reserve Bank of India said on Friday.
India's new restrictions on capital outflows are likely to delay overseas acquisitions and investment plans by India Inc at a time when many companies are scouting markets abroad to beat the domestic economic slowdown, bankers and companies said.last month failed to prop up the battered rupee. In its latest move to curb dollar outflows and stem the rupee's slide, the Reserve Bank of India (RBI) on Wednesday cut the overseas investment limit for companies to 100 percent of their net worth from 400 percent.
MARKETPERFORMANCE NIFTYGAINERS COMPANY NAME
26.55 27.10 85.80 7.75 36.70
18.00 19.85 65.50 5.95 28.65
8.55 7.25 20.30 1.80 8.05
47.50 36.52 30.99 30.25 28.10
Ruchi Soya Inds.
Ucal Fuel Sys.
Volume in (‘000s)
Patel Integrated Log
Elgi Rubber Co.
Indo Count Inds Anik Industries Aditya Birla Chem JVL Agro Industries Mukta Arts
NIFTYLOSERS COMPANY NAME
VOLUME TOPPERS COMPANY NAME
SECTORIAL INDICES INDICES
NET CHANGE CHANGE %
INDIAN EQUITY MARKET INDICES
TECHNICALVIEW NIFTY OUTLOOK Trend:- CONSOLIDATE Resistance:- 5700, 5920 Support:- 5360, 5150 Strategy:- SELL ON HIGH
BANK NIFTY OUTLOOK Trend:- CONSOLIDATE Resistance:- 9710, 9970 Support:- 9170, 8880 Strategy:- SELL ON HIGH
BANK NIFTY WEEKLY
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ndian equity markets ended red on Friday on this week the Sensex and Nifty were in consolidate trend. Major sector which were down like Ban...