Weekly ly Newsletter Newsletter-Equity 15-Oct Oct-2012
EQUITY ANALYSIS - WEEKLY WEEKL
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 and Sensex loses moderately; down 1.2-1.4% each this week. U.S. Unemployment claims came at 339K; Trade balance came at (-) 44.2B. U.S. & Euro market were red; Asian markets too booked losses this week.
Indian equity markets booked marginal losses this week as disappointing operating margins
currency guidance. WPI inflation data due out on Monday will have some bearing on sentiment, especially after the recent diesel price hike. The WPI print for September could partly influence RBIâ€™s stance at its month-end policy review. Technically Nifty is expected to remain consolidate this week; Nifty this week may range 5550-5830.
Indiaâ€™s annual consumer price inflation fell in Sep to 9.73%, driven by a marginal fall in fuel and food prices, Food prices for consumers fell to 11.6% in Sep from 12% in Aug. Index of Industrial Production (IIP) for the month of August grew at 2.7 percent versus a paltry -0.2 percent (revised from 0.1) in July. In the April-August period, industrial production expanded an annual 0.4 percent. Manufacturing, which constitutes about 76% of industrial production, grew an annual 2.9%, mining sector grew at 2%.
Stocks wrapped up their worst week in four months as results ignited concerns about shrinking profit margins for big lenders. Investors, worried about China's slowing economy and Europes debt crisis, appear to be tiptoeing into a little loved sector - US small caps. OECD) has sounded a warning over the ever-escalating public debt in Japan today. The world's third-largest economy might have to push through further tax and
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
Sun Pharma Adv.
Raj Oil Mills
Blue Chip India
Volume in (‘000s)
SECTORIAL INDICES Indices
INDIAN EQUITY MARKET INDICES
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
OUTLOOK Trend: - Bullish Resistance: - 58300, 6000 Support: - 5550, 55400 Strategy: - Buy on Dips
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend: - Bullish Resistance: - 117550, 12000 Support: - 11200,, 10800 Strategy: - Buy on dips BANK NIFTY WEEKLY
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Published on Sep 14, 2012
Indian equity markets booked marginal losses this week as disappointing operating margins posted by IT bellwether Infosys and muted full-ye...