Search Now

Recommendations

Saturday, December 29, 2012

SKS Microfinance, Shriram Transport Finance


SKS Microfinance, Shriram Transport Finance

Havells, Lanco Infratech


 Havells, Lanco Infratech

IT Sector


 IT Sector 

Gitanjali Gems


 Gitanjali Gems

India NBFC


 India NBFC

Allahabad Bank


 Allahabad Bank 

TCS


 TCS 

Glenmark Pharma


 Glenmark Pharma

Glenmark Pharma


 Glenmark Pharma

Glenmark Pharma


 Glenmark Pharma

Maruti Suzuki


Maruti Suzuki 

Asian Paints


 Asian Paints

LIC Housing Finance


LIC Housing Finance

Allsec Tech


 Allsec Tech

Indusind Bank


 Indusind Bank

Adani Power


 Adani Power

India Pharma


India Pharma

Dividend Stocks


Dividend Stocks

India Strategy 2013


 India Strategy 2013

Infosys, Power Grid, LIC Housing Finance, Cummins


 Infosys, Power Grid, LIC Housing Finance, Cummins

IGL


 IGL

Federal Bank


Federal Bank

Market Strategy


 Market Strategy 

Igarashi Motors


 Igarashi Motors

VA Tech Wabag


VA Tech Wabag

Eros International


 Eros International 

Cairn India


 Cairn India

Weekly Market Strategy - Dec 29 2012


Weekly Market Strategy - Dec 29 2012

Year 2012 winds up with gains of over 1% for Indian markets


The Indian markets wrapped the last week of the year 2012 in the green zone breaking the losing trend of last two-weeks. The Sensex rose 1.05% and the Nifty was up by 1.03% for the week ended Dec 28, 2012. Major Headlines: FDI in services sector rises 5% to $3.6 bln Advance tax rises by 7.5%, reflects impact of slowdown Diesel prices to be hiked by Rs10/litre over 10 months time ECBs dip by 11% in Apr-Nov 2012 at $19.92 bn CARE shares spurt on strong debut Indian Indices Welcome to the 'Weekly Market Wrap' for the week ended December 28, 2012. The Indian markets wrapped up the week ended December 28, 2012 in the green zone. The key indices were in consolidation mode and remained in a tight range throughout the week. After a negative trend for the past two-weeks, the markets witnessed lackluster trade and did not show any major movements. There were no great triggers to lift markets higher, which led the key indices to trade in a narrow range throughout this week. The market sentiments got boosted by data showing that foreign institutional investors (FIIs) remained buyers of Indian stocks during the week. In the week gone three new companies got listed: 1. Shares of Credit Analysis & Research (CARE) surged on its listing day on Wednesday, (December 26, 2012). 2. Shares of PC Jeweller listed with modest gains on its debut on Thursday, (December 27, 2012). 3. Shares of Bharti Infratel plunged on debut on Friday, (December 29, 2012). The markets gained in three out of four trading sessions in the truncated week gone by. The BSE Mid-Cap index advanced 1.36% while the BSE Small-Cap index gained 0.23%. The BSE Sensex rose 202.84 points or 1.05% to 19,444.84 while the NSE Nifty gained 60.65 points or 1.03% to 5,908.35 in the week. Weekly market trend from December 24 - December 28, 2012 1. The key benchmark indices opened the week on a positive note on December 24, 2012. The Indian markets closed trading session on a flat note. The traders booked profits ahead of Christmas holiday and expiry of December derivative contracts. The Sensex shut shop at 19255, up by 13 points while the Nifty rose 8 points to close at 5855. 2. On December 25, 2012, the markets remained closed on account of Christmas. 3. On December 26, 2012, the domestic markets rose nearly 1%, ahead of F&O expiry. Banking stocks gained on hopes of easing liquidity as the Reserve Bank of India continues with cash injection measures and on expectations of a rate cut in next month. The Sensex closed at 19417.46, up by 162.37 points, while the Nifty rose by 49.85 points to close at 5905.6 4. On December 27, 2012, the key indices ended near day's low on December F&O expiry day as traders rolled over positions to the January series. The Sensex settled at 19323.80, down by 93.66 points, while the Nifty shut shop at 5870.10, down by 35.50 points. 5. On December 28, 2012, the rise in the market was led by oil shares on the back of the proposed gradual hike in diesel and kerosene prices. The Sensex shut shop at 19,444.84, up by 121.04 points, while the Nifty rose 38 points to close at 5,908.35. Global indices All the global markets closed mixed this week. Top gainers: Nikkei rose by 4.58% and Shanghai Composite surged by 3.71% and Hang Seng up by 0.71%. On the other side, top losers were Nasdaq, which was down by 2.01%, Dow Jones fell 1.92% and CAC40 slipped 1.12%. Sectoral and stock screening: All the sectors closed the week on a positive note. BSE Oil & Gas rose by 2.05%, followed by Realty which surged by 2.02%, Power up by 1.68% and CG advanced by 1.58%. Looking at the 'A' group stocks, top three gainers of the week were - Madras Cement up by 9.89%, NHPC rose by 8.25% and Gitanjali Gems up by 7.81%. Top three losers of the week were - TTK Prestige fell by 4.80%, Astrazenca Pharma down by 4.23% and Strides Arcolab fell by 3.35%. FII/MF activity: The foreign institutional investors (FIIs) have been the net buyers Indian stocks to the tune of Rs4829.9 crore till December 27, 2012. The domestic investors sold Indian shares worth a net of Rs110.8 crore on December 24, 2012. Market Outlook for the coming week! The Indian markets will soon enter the crucial period of corporate earnings. Third quarter December 2012 earnings will be a major trigger driving the sentiments next week. Automobile and cement stocks will be in focus as the companies from these two sectors start unveiling their monthly sales volume data for November 2012 from Tuesday, (January 01, 2013). The results of monthly surveys on manufacturing and service sector, automobile and cement sales data for December 2012 will also capture limelight in the coming week. Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories for December 2012 on Wednesday, (January 02, 2013) and also HSBC India Services PMI and HSBC India Composite PMI for December 2012 on Friday, (January 04, 2013).

Year 2012 winds up with gains of over 1% for Indian markets


The Indian markets wrapped the last week of the year 2012 in the green zone breaking the losing trend of last two-weeks. The Sensex rose 1.05% and the Nifty was up by 1.03% for the week ended Dec 28, 2012. Major Headlines: FDI in services sector rises 5% to $3.6 bln Advance tax rises by 7.5%, reflects impact of slowdown Diesel prices to be hiked by Rs10/litre over 10 months time ECBs dip by 11% in Apr-Nov 2012 at $19.92 bn CARE shares spurt on strong debut Indian Indices Welcome to the 'Weekly Market Wrap' for the week ended December 28, 2012. The Indian markets wrapped up the week ended December 28, 2012 in the green zone. The key indices were in consolidation mode and remained in a tight range throughout the week. After a negative trend for the past two-weeks, the markets witnessed lackluster trade and did not show any major movements. There were no great triggers to lift markets higher, which led the key indices to trade in a narrow range throughout this week. The market sentiments got boosted by data showing that foreign institutional investors (FIIs) remained buyers of Indian stocks during the week. In the week gone three new companies got listed: 1. Shares of Credit Analysis & Research (CARE) surged on its listing day on Wednesday, (December 26, 2012). 2. Shares of PC Jeweller listed with modest gains on its debut on Thursday, (December 27, 2012). 3. Shares of Bharti Infratel plunged on debut on Friday, (December 29, 2012). The markets gained in three out of four trading sessions in the truncated week gone by. The BSE Mid-Cap index advanced 1.36% while the BSE Small-Cap index gained 0.23%. The BSE Sensex rose 202.84 points or 1.05% to 19,444.84 while the NSE Nifty gained 60.65 points or 1.03% to 5,908.35 in the week. Weekly market trend from December 24 - December 28, 2012 1. The key benchmark indices opened the week on a positive note on December 24, 2012. The Indian markets closed trading session on a flat note. The traders booked profits ahead of Christmas holiday and expiry of December derivative contracts. The Sensex shut shop at 19255, up by 13 points while the Nifty rose 8 points to close at 5855. 2. On December 25, 2012, the markets remained closed on account of Christmas. 3. On December 26, 2012, the domestic markets rose nearly 1%, ahead of F&O expiry. Banking stocks gained on hopes of easing liquidity as the Reserve Bank of India continues with cash injection measures and on expectations of a rate cut in next month. The Sensex closed at 19417.46, up by 162.37 points, while the Nifty rose by 49.85 points to close at 5905.6 4. On December 27, 2012, the key indices ended near day's low on December F&O expiry day as traders rolled over positions to the January series. The Sensex settled at 19323.80, down by 93.66 points, while the Nifty shut shop at 5870.10, down by 35.50 points. 5. On December 28, 2012, the rise in the market was led by oil shares on the back of the proposed gradual hike in diesel and kerosene prices. The Sensex shut shop at 19,444.84, up by 121.04 points, while the Nifty rose 38 points to close at 5,908.35. Global indices All the global markets closed mixed this week. Top gainers: Nikkei rose by 4.58% and Shanghai Composite surged by 3.71% and Hang Seng up by 0.71%. On the other side, top losers were Nasdaq, which was down by 2.01%, Dow Jones fell 1.92% and CAC40 slipped 1.12%. Sectoral and stock screening: All the sectors closed the week on a positive note. BSE Oil & Gas rose by 2.05%, followed by Realty which surged by 2.02%, Power up by 1.68% and CG advanced by 1.58%. Looking at the 'A' group stocks, top three gainers of the week were - Madras Cement up by 9.89%, NHPC rose by 8.25% and Gitanjali Gems up by 7.81%. Top three losers of the week were - TTK Prestige fell by 4.80%, Astrazenca Pharma down by 4.23% and Strides Arcolab fell by 3.35%. FII/MF activity: The foreign institutional investors (FIIs) have been the net buyers Indian stocks to the tune of Rs4829.9 crore till December 27, 2012. The domestic investors sold Indian shares worth a net of Rs110.8 crore on December 24, 2012. Market Outlook for the coming week! The Indian markets will soon enter the crucial period of corporate earnings. Third quarter December 2012 earnings will be a major trigger driving the sentiments next week. Automobile and cement stocks will be in focus as the companies from these two sectors start unveiling their monthly sales volume data for November 2012 from Tuesday, (January 01, 2013). The results of monthly surveys on manufacturing and service sector, automobile and cement sales data for December 2012 will also capture limelight in the coming week. Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories for December 2012 on Wednesday, (January 02, 2013) and also HSBC India Services PMI and HSBC India Composite PMI for December 2012 on Friday, (January 04, 2013).

US stocks end lower for fourth straight day


Maneuvering over fiscal cliff talks take indices lower U.S. stocks ended moderately lower on Thursday, 27 December 2012. Stocks extended losses into a fourth session as Wall Street registered its distress over the budget impasse in Washington. Equities saw gains at the outset of the session, but were met with a quick turn in sentiment after Senate Majority Leader Reid spoke from the Senate floor. During his remarks, Senator Reid said that all signs suggest the country will go over the fiscal cliff. In addition, the senator said the House of Representatives is being run as a "dictatorship" by Speaker Boehner. The comments caused the major averages to fall to their respective lows. For the day, the Dow ended lower by 18.28 points (0.14%) at 13,096.31. Nasdaq ended lower by 4.25 points (0.14%) at 2,985.91. S&P 500 ended lower by 1.74 points (0.12%) at 1,418.09. Among the ten economic sectors, utilities were hardest hit and consumer companies was the best performing of its 10 industry sectors. Investors and traders continue to worry about the U.S. fiscal cliff negotiations that have stalled and now with only a few days left for U.S. lawmakers to reach a deal. President Obama did come back from his Hawaii vacation early. However, there was no progress on the matter as of Thursday afternoon. U.S. lawmakers have until 3 January 2013 to come to agreement before the government falls off the fiscal cliff. Cisco Systems and Bank of America led the way among decliners that included all of the benchmark's 30 components. Major financials were among the top performers early, but Speaker Reid's comments sent banks to fresh lows. Bank of America was up over 1.0% in early trade, but ended lower by 0.6%. Elsewhere, Citigroup and JPMorgan Chase were both down near 1%. Consumer stocks were among the biggest laggards yesterday after MasterCard SpendingPulse reported disappointing growth in holiday sales. Today, the discretionary space trades in-line with the broader market. Several apparel producers and multi-line retailers witnessed an extension of yesterday's weakness. On the upside, footwear designer Deckers Outdoor surged 8.1% despite the lack of news to account for the move. In overnight news, the Japanese stock market rallied to a nearly two-year high on hopes for more monetary policy stimulus coming from the Bank of Japan. European stock markets were firmer, helped in part by a successful auction of Italian bonds and better Italian manufacturing data. The dollar index, which weighs the strength of the dollar against a basket of six other currencies, rose by 0.1% on Thursday after dropping earlier during the day. Today's economic news at Wall Street was mixed. The latest weekly initial jobless claims count totaled 350,000, which was better than the 375,000 that had been expected. The tally was below the revised prior week count of 362,000. As for continuing claims, they fell to 3.206 million from 3.238 million. The December consumer confidence came in at 65.1, while economists expected a reading of 70.0. This follows the prior month's revised reading of 71.5. Separately, new home sales in November hit an annualized rate of 377,000, which was up from October's revised rate of 361,000, and worse than the rate of 379,000 that had been broadly expected. Latest data showed that profits earned by China's industrial companies jumped 22.8% in November from a year earlier, accelerating from October's 20.5%. Bullion metals finished higher on Thursday, 27 December 2012. Slight decline in the U.S. dollar earlier in the day amid thin holiday dealings on Thursday and some short covering and bargain hunting, and even some fresh safe-haven demand, lifted the yellow metal. Gold for February delivery rose $3 (0.2%) to settle at $1,663.7 an ounce on the Comex division of the New York Mercantile Exchange on Thursday. On Thursday, March silver rose $0.20, or 0.7% to settle at $30.24 an ounce. Crude oil prices ended little lower on Thursday, 27 December 2012 at Nymex. Uncertainty over talks regarding fiscal cliff solution and movement of dollar affected the crude prices. On Thursday, light and sweet crude oil futures for light sweet crude for February delivery closed lower by $0.11 (0.1%) at $90.87/barrel. Decliners edged ahead of advancers on the New York Stock Exchange, where nearly 567 million shares traded. Composite volume topped 2.8 billion. Indian ADRs ended mixed on Thursday. In the Banking space, ICICI Bank was down 1.2% and HDFC Bank rose 0.6%. In the IT space, Infosys was down 1% and Wipro was up 0.5%. In the Telecom space, MTNL lost 0.03% and Tata Communication was up 1.5%. In the other space, Sterlite was down 0.23%, Tata Motors was up 0.8%. Dr Reddys was down 0.7%. For tomorrow, no economic or earning data is expected for the day.

Auto, cement stocks will be in focus on monthly sales data


Results of monthly surveys on manufacturing and services sectors and automobile and cement sales data for December 2012 will be in focus next week. Auto and cement stocks will be focus as companies from these two sectors will start unveiling monthly sales data for November 2012 from Tuesday, 1 January 2013. Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories, for December 2012 on Wednesday, 2 January 2013. The HSBC manufacturing Purchasing Managers' Index (PMI), which gauges the business activity of India's factories but not its utilities, rose to 53.7 in November 2012 from 52.9 in October 2012. Readings above 50 denote growth.

BSE Sensex, Nifty gain over 1% each


Key benchmark indices edged higher in the week ended Friday, 28 December 2012 in thin trading. The market gained in 3 out of four trading sessions in the week just gone by. Shares of Bajaj Auto scaled a record high. Data showing that foreign institutional investors (FIIs) remained net buyers of Indian stocks boosted sentiment. Shares of three companies debuted on the bourses in the week. Shares of Credit Analysis & Research (CARE) surged on its debut on Wednesday, 26 December 2012. Shares of PC Jeweller logged modest gains on its debut on Thursday, 27 December 2012. But shares of Bharti Infratel dropped on debut on Friday, 29 December 2012.