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Equity Weekly Update

For the week 9

Sensex 19270.06 650.34

Nifty 5680.40 208.60

th

September to 13

th

September 2013

Nifty Future 5695.00 233.00

Weekly Outlook: - Macroeconomic data, rupee movement may dictate trend The movement of rupee and crude oil prices, trend in investment by FIIs, data on industrial production for July 2013, data on inflation based the CPI for August 2013 and US job data for August 2013 will dictate trend on the bourses during truncated trading week. Investors are awaiting government measures for reducing fuel consumption as a sharp slide in rupee against the dollar this year and higher crude oil prices have triggered concerns about increase in India's fiscal deficit and current account deficit. Asian markets will on Monday, react to the influential US nonfarm payroll report for August 2013. The employment numbers will be keenly watched given the implications for the timing of the Federal Reserve's plan to begin slowing the pace of its monetary stimulus. Weekly Movement of Market Key Indices

Level

Change

Change (%)

Nifty

5680.40

208.60

3.81

Sensex

19270.06

650.34

3.49

Bank Nifty CNX IT

9961.40 8216.50

912.20 -165.90

10.08 -1.98

NSE Midcap

6767.55

177.75

2.70

BSE Auto

10416.32

214.15

1.15

BSE FMCG

6490.67

148.37

2.34

BSE Metal

8148.09

363.20

4.67

BSE Oil & Gas

8572.54

423.13

5.19

BSE Power

1436.55

49.95

3.60

BSE PSU

5405.14

415.32

8.32

BSE Reality Top Gainer/ Loser BSE

1211.18 Level

37.51 Change

3.20 Change (%)

Engineers India

168.15

36.35

27.58

MCX

448.10

92.90

26.15

YES Bank Ltd.

292.75

60.40

26.00

L&T Finance

67.25

11.60

20.84

BHEL Container Corp Pipavav Def Adani Enter. Sesa Goa Tata Power Global Markets

141.55 24.05 712.95 -311.20 40.65 -14.45 136.45 -14.10 175.45 -17.05 70.90 -6.05 Level Change Asian

20.47 -30.39 -26.23 -9.37 -8.86 -7.86 Change (%)

2139.99

41.61

1.98

Nikkei

13,860.80

471.94

3.52

HangSeng

22621.20 889.83 European

4.09

FTSE

6,547.33

134.40

2.10

CAC

4049.19

115.41

2.93

DAX

8,275.67 172.52 US

2.13

DJIA

14,922.50

112.19

0.76

NASDAQ .

3,660.01

70.14

1.95

Shanghai

RR, All Rights Reserved

Weekly Chart Nifty

Technical View: - On the daily chart of nifty we can see nifty has bounced back from its lower levels and has broken its resistance level of 5530. Currently nifty is trading above its 8 days, 13 days and 21 days EMA. Nifty can touch 5750-5800 in upper side from there a profit booking rally we can expect.

Weekly Round up: Sensex regains 19,000 Key benchmark indices edged higher in the week as the rupee recovered against the dollar after the new central bank Governor Raghuram Rajan announced plans late on Wednesday to bolster the financial industry and stabilize the rupee. The barometer index, the S&P BSE Sensex, regained the psychological 19,000 level after sliding below that level during the week. The market gained in four out of five trading sessions in the week. In the week ended Friday, 6 September 2013, the 30-share S&P BSE Sensex gained 650.34 points or 3.49% to 19,270.06. The 50-unit CNX Nifty advanced 208.60 points or 3.81% to 5,680.40. The S&P BSE Mid-Cap index rose 2.84% and the S&P BSE Small-Cap index gained 2.94%. Both these indices outperformed the Sensex.

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Institutional Activities (Rs Cr) FIIs

Calls for the Week

Buy

Sold

Net

Monday Tuesday Wednesday

2513.48 2065.95 2800.26

2037.56 2782.11 2627.73

475.92 -716.16 172.53

Thursday

4293.44

3192.03

1101.41

Friday DIIs Monday

3856.12 Buy 697.06

3055.41 Sold 982.87

800.71 Net -285.81

Tuesday Wednesday Thursday Friday

1400.58 970.18 1158.60 1204.47

804.15 1192.54 1651.42 1443.00

596.43 -222.36 -492.82 -238.53

Stock on the Move: - LT

Technical View: - On the daily chart of LT we can see stock has bounced back from its lower levels currently stock is trading above its 8 days, 13 days and 21 days EMA. Investor can buy LT near 745 with stop loss of 730 for target price of 770.

Highlights of the Week • Currency-swap deal cap raised to $50 bn

• Odisha files cases against 110 miners for EP Act violation

• RBI relaxes norms for non-resident investors

• CAG glare on Sterlite for short realisation of environment fund • Bihar power companies lodge 4000 FIRs of power theft

• Green blockade sends HPCL refinery plan into cold storage • Idea Cellular's billion-dollar debt worries analysts

• HCG front runner for Sterling Hospitals

• Sedan demand plummets amid rising fuel prices

• India won't withdraw from G20 currency pool

• CAG pulls up MoEF for favouring R-Power, JP

• India's external debt up 13% at $390 billion in 2012-13

• Pharma firms to disclose financial terms of hiring for clinical trials • Another hit for Voda as HC turns down transfer pricing petition • Nitin Nohria joins Tata Sons board

• Chavan bats for pro-active role by banks to help SME sector

• Dasgupta writes to PM, seeks decision on RIL penalty • Germany's LMT Tools sets up facility in Chakan • UPICO reports return to profit • Ashok Leyland to cut debt by Rs 1,000 cr

• Rising US bond yield may put pressure on RBI to hike rates • Dhoot counters RBI statement on bank licence application withdrawal • RBI enhances limit of funds taken out, brought into India per person • Forex reserves fall $2.23 billion in a week, at 39-month low • RBI issues norms to use dollar-rupee swap window • OBC cautious on lending to steel, power, bullion sectors

• Apollo Hospitals in talks with KKR on fund-raising

Derivative Trend

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Equity weekly macroeconomic data, rupee movement may dictate trend  

The movement of rupee and crude oil prices, trend in investment by FIIs, data on industrial production for July 2013, data on inflation base...

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