Weekly Equity Market Report For 14 May

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Weekly Newsletter ly Newsletter-Equity

14 MAY 2012

EQUITY ANALYSIS - DAILY

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
A bad week ended red with Nifty and Sensex both down more than 3.2 %. U.S. Unemployment claims came at 367K; Trade Balance came at (-) 51.8B. This week has given a weak ending for almost all international markets.

This was a dismal week for the Indian market which saw almost all sectoral indices end
in the red. Infrastructure took the most beating, followed by technology, metals and banks. The range for the indices shifted further down and next week it is expected that this will continue to be choppy and negative. Nifty this week has closed below its psychological level of 5000 to end at 4929 and Sensex shredding 3.2% to end at 16293. Negative cues from domestic and global markets made the markets vulnerable.

India's

industrial output unexpectedly contracted 3.5% in March compares with

February's annual increase of 4.1%, government data showed. Manufacturing, which constitutes about 76% of industrial production, shrank an annual 4.4% from a year earlier. The overall output grew 2.8% in the fiscal year that ended on March 31, much slower than 8.2% in the year-ago period. India's economy has slowed considerably due to surging inflationary pressures, which have resulted in high interest rates.

It was a volatile week for global markets, Global cues remained cheerless as concerns
over Greece continued to haunt traders. Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for US growth. The implications of French and Greek elections for the region's drive to impose fiscal austerity will be crucial, while March readings on industrial production.

MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME Kothari Sugars Guj. Lease Fin M & B Switchgears Nu Tek India Chemplast Sanmar CURRENT 8.90 3.35 75.70 0.70 14.55 PREV. CLOSE(RS) 6.30 2.40 56.95 0.55 11.55 CANG.(RS) 2.60 0.95 18.75 0.15 3.00 CHAG.(%) 41.27 39.58 32.92 27.27 25.97

NSE LOSERS
COMPANY NAME REI Six Ten Retail Bartronics India Sanwaria Agro Oils Global Vectra Jubilant Ind CURRENT 6.10 25.55 24.75 10.05 206.95 PREV. CLOSE(RS) 9.85 33.85 32.50 13.05 266.75 CANG.(RS) -3.75 -8.30 -7.75 -3.00 -59.80 CHAG.(%) -38.07 -24.52 -23.85 -22.99 -22.42

VOLUME TOPPERS
COMPANY NAME Lanco Infratech Suzlon Energy HDIL JP Associate Unitech CURRENT 12.15 18.95 64.40 62.90 20.45 PREV. CLOSE(RS) 12.40 19.45 62.95 60.30 21.15 CHAG.(%) -2.02 -2.57 2.30 4.31 -3.31

Volume in (000s)
33442.26 27866.25 26957.30 23335.25 21022.88

SECTORIAL INDICES
Indices
Hang Seng Jakarta Composite Nikkei 225 KLSE Composite Seoul Composite Strait Times FTSE 100 Nasdaq DJIA S&P 500

Country
Hong Kong Indonesia Japan Malaysia South Korea Singapore United Kingdom United States United States United States

Date
20-May-10 21-May-10 21-May-10 21-May-10 21-May-10 20-May-10 21-May-10 22-May-10 22-May-10 22-May-10

Index
20227.28 4133.63 9009.65 1588.06

Net Change
-858.72 -83.05 -370.60 -2.98

Change (%)
-4.07 -1.97 -3.95 -0.19 -2.22 -3.58 -1.96 -0.77 -1.41 -0.81

1944.93

-44.22

2883.40

-107.19

5544.00

-111.06

2933.64

-22.70

12855.04

-183.23

1357.99

-11.11

INDIAN EQUITY MARKET


INDICES
NIFTY BANK NIFTY SENSEX

VALUE
4931.00 9379.00 16293.00

CHANGE
-167.00 -415.00 -538.00

% CHANGE
-3.28 -4.24 -3.20

TECHNICAL VIEW
NIFTY WEEKLY PIVOT
INDICES NIFTY R4 5710 R3 5470 R2 5230 R1 5081 P 4990 S1 4841 S2 4750 S3 4510 S4 4270

OUTLOOK
Trend: - Consolidate Resistance: - 5100 5250 0, Support: - 4800, 4 4640 Strategy: - Sell on High

NIFTY WEEKLY

BANK NIFTY WEEKLY PIVOT


SCRIPT BANK NIFTY R4 11504 R3 10841 R2 10178 R1 9778 P 9515 S1 9115 S2 8852 S3 8189 S4 7526

OUTLOOK
Trend: - Consolidate Resistance: - 9700 10200 9700, Support: - 9100, 865 8650 Strategy: - Sell on High BANK NIFTY DAILY

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