8/22/2019 Equity Report 22 July 2013
1/2
EQUITY REPORT
22N D
JULY 2013
PG FINANCE
ROLL NO - 42, 43, 45
MARKET MOVEMENTS AS ON 19T H
JULY 2013
BSE Sensex was rough on Friday despite a strong up move in
IT stocks, which supported on the back of outstanding
numbers by TCS, announced on Thursday.
TCS was the top Nifty gainer, up by 4.92%, to a record high
of. 1,759.
BSE IT benchmark traded with 2.81 % gains.
Auto stocks also gained with Bajaj Auto rising by 3.68 %
after Q1 earnings announcement.
Most other sectors traded in the red, with banking stocks
leading the decline.
Banks have been under pressure ever since the ReserveBank raised
short term interest rates in a bid to improve the
rupee.
Reliance Industries net rises 19 % to . 5,352 crore in Q1.
Shares of Reliance rose 0.7 %
ahead of the results. Reliance shares have gained 10 per cent so
far this year, outperforming
a 3.7 % rise in the Sensex.
MACRO ENVIRONMENT
Whole sale price index increased marginally to 4.86 %.
RBI hiked lending rates to commercial banks by 2 % to 10.25 %.
RBI has plugged borrowing
through the liquidity adjustment facility (LAF) at 75000 crore
& raised the marginal standing
facility rate to 10.25 %.
RBI also announced sale of 12000 crore worth of government
securities. RBI has also
increased the marginal standing facility (MSF) rate to 10.25 %
from 8.25 %.
Open Close % Change
NSE 6051.2 6029.20 0.11
BSE 20128.41 20149.85 -0.15
Top Gainers (BSE)
TCS 1700.00 1741.90 4.92
Bajaj Auto 1900.00 1967.05 3.68
Hero
Motocorp
1730.00 1772.15 2.62
Top Losers (NSE)
BHEL 189.00 173.75 -8.02
Sun
Pharma
1120.00 1080.25 -3.35
Sterlite Ind 84.90 82.85 -2.93
Sectors
BSE Auto 10571.56 10686.71 1.66
BSE IT 7022.29 7097.29 2.81
BSE
BANKEX
12835.69 1243.48 -1.84
BSECapital
Goods
9522.86 9320.45 -1.99
8/22/2019 Equity Report 22 July 2013
2/2
EQUITY REPORT
22N D
JULY 2013
PG FINANCE
ROLL NO - 42, 43, 45
GLIMPSE ON INTERNATION MARKETS
Detroit bankruptcy news is not enough to tremble confidence of
investors in US as investors
seem to avoid bad news from Detroit and are focusing on Fed and
US data.
Analyst remains confident on US equities.
It is expected that US stock market will continue to make new
highs supported by better
than expected corporate earnings.
EXPECTATIONS FROM TH E MARKET
Q1 Results expected
Next week market volatility is likely to continue over concerns
on rupee
stability and derivatives expiry.
Stock markets are also expected to remain range-bound in the
near term
and may see cautious trading ahead of RBI's monetary
policyreview on
July 30.
RBI's measures last week combined with interventions in the
currency
market through dollar selling have really not made a dip in
reversing the
trend of rupee depreciation.
Corporate earnings may provide some support to the markets.
Market is expected to react to the Q1 results of Reliance
Industries that
were declared on late Friday.
CompanyResults
Date
ING VysyaBank
22-Jul-13
Asian Paints 22-Jul-13
L&T 22-Jul-13
L&T Finance 23-Jul-13
YES Bank 24-Jul-13
Hero MotoCorp 24-Jul-13
Dabur 24-Jul-13
Cairn 24-Jul-13
http://www.moneycontrol.com/news/world-news/detroit-files-for-bankruptcy-stage-set-for-court-fight_920795.html#toptaghttp://www.moneycontrol.com/news/world-news/detroit-files-for-bankruptcy-stage-set-for-court-fight_920795.html#toptag
