Monthly Archives: September 2013

Market ekes out small gains!

Key benchmark indices eked out small gains as index heavyweight and cigarette major ITC rose. Most metal stocks rose. Two wheeler makers declined. Index heavyweight Reliance Industries dropped. Shares of Oberoi Realty jumped on the back of strong response to the Offer for Sale of the company’s shares by a promoter. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 37.61 points up at 19893.65 & The CNX Nifty closed 8.40 points up at 5882.25.

India

India (Photo credit: Spicygreenginger)

Who Moved and Why

 

  • Aarti Drugs slides on receiving USFDA warning letter
  • BPCL gains after two block deals
  • Gitanjali Gems slips as foreign fund offloads almost entire stake
  • Tata Steel recovers on bargain hunting
  • Volumes jump at ABG Shipyard counter
  • Petron Engineering gains on new order win
  • Steelcast jumps 7.7% in 2 days on capex plans

For detail analysis report please visit: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/26th_Sept_equity_closing_update.pdf

 

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Auto stocks move higher!

Key benchmark indices trimmed intraday gains & hover in positive terrain in early afternoon trade as investors took solace from the government keeping its borrowing target for the fiscal year through March 2014 unchanged at Rs 5.79 lakh crore on Monday, 23 September 2013. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 18.29 points up at 19919.25 & The CNX Nifty was 4.60 points up at 5894.35. The Indian Rupee was 0.08% week against USD.

Graph of S&P CNX Nifty from January 1997 to Ma...

Graph of S&P CNX Nifty from January 1997 to March 2011 (Photo credit: Wikipedia)

Who Moved and Why

1) BS drops on profit taking
2) Shriram Transport Finance drops on profit booking
3) KPIT Technologies gains after two block deals
4) Prism Cement gains as foreign subsidiary declares dividend
5) DLF inches up on bargain hunting amid volatility
6) Select stocks fall ex-dividend
7) Gati surges after favorable verdict from Arbitral Tribunal
8) MTNL spurts on buzz of signing pact with BSNL
9) Lupin inches up on strategic pact with a US firm

Mahanagar Telephone Nigam Limited

Mahanagar Telephone Nigam Limited (Photo credit: Wikipedia)

For detail analysis report please visit: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/24th_Sept_Mid%20Session%20Update.pdf

Read monetary policy report here:- http://goo.gl/eS6G7c

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Fed maintains economic stimulus!

Key benchmark indices surged as world stocks rose after the US Federal Reserve after a monetary policy review on Wednesday, 18 September 2013, decided to maintain stimulus to the US economy through monthly bond purchases of $85 billion. Fed’s bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 684.48 points up at 20646.64 & The CNX Nifty closed 216.10 points up at 6115.55.

English: Map shows the coverage of Bharti Airt...

English: Map shows the coverage of Bharti Airtel (an Indian telecom operator) across various countries of the world. (Photo credit: Wikipedia)

Who Moved and Why

  1. PSU OMCs in demand
  2. Yes Bank gallops on huge volume
  3. IndusInd Bank vaults after block deal
  4. Adani Enterprises spurts after block deal
  5. Bharti Airtel gains after block deal
  6. Kajaria Ceramics sparkles on foreign fund buying
  7. Bharti Infratel jumps after block deal
  8. Select stocks fall ex-dividend
  9. Suzlon Energy gains after selling 75% in China arm for $28 million
  10. Hind Rectifiers gains after winning orders

For detail analysis report please visit: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/19th_Sept_equity_closing_update.pdf

HUDCO Tax Free Secured Redeemable Non Convertible Bonds :- http://www.rrfinance.com/Fixed_Income/ComparisonDetails_Bond.aspx?ID=7360

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Commodity Technical Analysis for 2nd Week September 2013

Gold and silver futures posted the biggest weekly drops since June on speculation that the Federal Reserve will cut fiscal stimulus next week, while talks started on a plan for Syria to surrender its chemical weapons. Gold futures for December delivery fell 1.7 percent to settle at $1,308.60 on the Comex in New York. Earlier, the price touched $1,304.60, the lowest for a most-active contract since Aug. 9. This week, the metal dropped 5.6 percent, the biggest decline since June 21. Silver futures for December delivery fell 1.9 percent to $21.72 an ounce on the Comex. Earlier, the price touched $21.42, the lowest since Aug. 14. This week, the price tumbled 9.1 percent, the most since June 21. Palladium futures for December delivery rose 0.9 percent to $699.10 an ounce. The metal climbed 0.3 percent this week. West Texas Intermediate crude capped its biggest weekly drop since July as the U.S. and Russia held talks on a plan for Syria to surrender chemical weapons to avert a strike that could stoke Middle East tensions. WTI for October delivery slid 39 cents, or 0.4 percent, to settle at $108.21 a barrel on the New York Mercantile Exchange. Prices declined 2.1 percent this week, the most since the five days ended July 26. The volume of all futures traded was 26 percent less than the 100-day average

Weekly Technical View: Natural Gas

Natural Gas future prices maintained positive trend during the week ending to Friday and close at weekly high level. 14 Day RSI prefers the firmness and remained in neutral region along with stochastic are favoring the bulls and moved in the neutral region. MACD is supporting the bulls as medium term and moving in the positive territory. Concisely, prices are likely to trade up in the coming trading week.

Natural Gas Technical View

Natural Gas Technical View

Short Term Trend- Bullish

Weekly Technical View: Copper

On last week Copper closed at weekly low level and still looking weak. We recommend sell Copper for medium term with stop loss of 476. The immediate support appears around 454 levels breaching which the metal can reach 445 levels. Metals have strong resistance at 476 levels. Technical indicators on daily chart has generated fresh sell signal and indicate continues of downward movement for next week.

Copper Technical Analysis 1 week sept.

Copper Technical Analysis 1 week sept.

Short Term Trend- Bearish

Economic Round Up:-

  • Asian currencies had their best week in two months, led by India’s rupee, after U.S. jobs data tempered speculation the Federal Reserve will cut stimulus that’s buoyed emerging markets. Elsewhere in Asia, South Korea’s won strengthened 0.6 percent this week to 1,086.88 and China’s yuan was little changed at 6.1188. Indonesia’s rupiah dropped for a fifth week, falling 2.1 percent to 11,410 and Vietnam’s dong climbed 0.2 percent to 21,115. Payrolls in the world’s largest economy climbed less than economists projected in August and gains for the previous two months were revised down, a Sept. 6 report showed, ahead of a Fed meeting that will discuss the $85 billion monthly debt-purchase program. President Barack Obama has delayed a decision on military strikes against Syria to pursue a Russian offer to get the regime to give up its chemical weapons.
English: New York Mercantile Exchange Русский:...

English: New York Mercantile Exchange (Photo credit: Wikipedia)

  • The rupee, which touched a record low of 68.845 per dollar on Aug. 28, completed its best week since October 2009 after Reserve Bank of India Governor Raghuram Rajan, who took office on Sept. 4, announced plans to strengthen the financial industry and boost dollar supply. India’s factory output climbed 2.6 percent in July from a year earlier after a revised 1.8 percent decline in June, a report showed Sept. 12.
  • Consumer confidence in the U.S. declined in September to the lowest level since April, indicating household spending may take time to pick up. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment this month fell to 76.8 from August 82.1. A separate report from the Commerce Department showed retail sales rose less than forecast in August. The 0.2 percent increase was the smallest in four months and followed a revised 0.4 percent July gain that was bigger than previously estimated, the report said.
  • Wholesale prices in the U.S. rose more than forecast in August, reflecting higher costs for food and some fuels. The 0.3 percent increase in the producer price index followed no change in the prior month, a Labor Department report showed in Washington.

Resource:- http://goo.gl/hmFY7P

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Banking, auto stocks edge higher!

Key benchmark indices further pared intraday gains and hit fresh intraday low in early afternoon trade. Two-wheeler stocks rose on expectations of pickup in sales during the upcoming festive season and on hopes good rains this year will boost rural sales. Bank stocks gained across the board. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 10.50 points up at 19743.26 & The CNX Nifty was 2.60 points up at 5853.20. The Indian Rupee was 1.29% strong against USD.

Strides Arcolab

Strides Arcolab (Photo credit: Wikipedia)

Who Moved and Why

  1. L&T gains after winning orders
  2. SSWL jumps after bagging export order
  3. Two-wheeler makers in demand
  4. Strides Arcolab slides after receiving warning letter from USFDA
  5. Ranbaxy Labs slumps after FDA import alert
  6. PSU OMCs gain after petrol price hike
  7. Infosystems rallies on merger talks with HCL

Read detail analysis report here: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/16th_Sept_Mid%20Session%20Update.pdf

Find more stock market news and updates here:- http://www.scoop.it/u/rr-financial-consultants

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Key benchmark indices regains positive zone!

Key benchmark indices regains positive zone in early afternoon trade after fallen in negative zone as Prime Minister’s Economic Advisory Council (PMEAC) sharply trimmed India’s GDP growth forecast to 5.30 % for the year ending 31 March 2014 (FY 2014).The market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 33.50 points up at 19815.38 & The CNX Nifty was 23.30 points up at 5874.00. The Indian Rupee was 0.39% week against USD.

IL&FS Headquarters, Bandra Kurla Complex, Mumbai

IL&FS Headquarters, Bandra Kurla Complex, Mumbai (Photo credit: Wikipedia)

Who Moved and Why

1) Adani Ports spurts after record coal handling from Mundra port
2) JSW Steel shines on reporting good production figures
3) IDFC extends Thursday’s gains
4) IL&FS Engineering hits the roof after bagging order
5) KEC International extends recent gains on new orders
6) Aurobindo Pharma gains after board OKs acquisition of Hyacinths Pharma
7) JSPL drops ex-dividend

For detail analysis report please visit: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/13th_Sept_Mid%20Session%20Update.pdf

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Nifty hits fresh 6-1/2 week high

Key benchmark indices saw divergent trend in a highly volatile session of trade. Strong rupee aided recovery on the bourses in late trade. The barometer index, the S&P BSE Sensex, turned positive to regain the psychological 20,000 level in late trade only to provisionally settle below that level. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 0.36 points up at 19997.45 & The CNX Nifty closed 16.40 points up at 5913.15. The Indian Rupee was 0.51% strong against USD.

English: Graph showing Indian rupee and U.S. d...

English: Graph showing Indian rupee and U.S. dollar exchange rate from January, 1990. (Photo credit: Wikipedia)

Who Moved and Why

1) KEC International gains after securing new orders
2) Volumes jump at Gujarat Automotive Gears counter
3) Eros International Media firmly in the picture
4) Sadbhav Engg gains as it emerges as successful bidder for 2 projects
5) Cairn India drops along with crude oil price
6) HCL Tech scales record high
7) Geometric spurts on equity investment in Anark Corp
8) HOEC spurts 15.5% in 3 days
9) Aban Offshore drops ex-dividend

For detail analysis report please visit: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/11th_Sept_equity_closing_update.pdf

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Rupee hits 3-week high of 63.19; Sensex falters (profit.ndtv.com)

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