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Equity Reports For The Week (11th - 15th April 11)
Equity Reports For The Week (11th - 15th April 11)
STOCKS
R E P O R T
TOUGH TUSSLE, BEARS SMELL VICTORY @ END!!
WEEK WRAP
The markets closed the last trading day of the week on a soft note owing to profit taking, mainly in realty stocks. The Nifty dropped 44 points at 5,842. After
outperforming for several days, the mid-cap and small-cap indices too underperformed today.
The FII (Foreign Institutional Investor) investments have slowed in the past few sessions, according to provisional data from Bombay Stock Exchange FIIs were net
buyers of Rs 221 crore while DIIs were net sellers of Rs 213 crore in the equity market on Thursday.
On the realty front, after rallying for nearly nine trading sessions, the index was in the negative due to the profit booking seen since morning. The scrips that
were battered were Orbit Corporation down 6%, Ackruti City, HDIL, Sobha Developers and DLF down 4-5% each.
Singapore Exchange ends ASX bid after Australian government rejection : Singapore Exchange terminated its $8 billion bid for Australia's ASX , after the
Australian government formally rejected the offer, saying changes to the country's financial systems were needed before foreigners could buy the bourse.
Singapore Exchange ends ASX bid after Australian government rejection : Singapore Exchange terminated its $8 billion bid for Australia's ASX , after the
Australian government formally rejected the offer, saying changes to the country's financial systems were needed before foreigners could buy the bourse.
US MARKET
The US markets closed off the day's lows after recovering from a knee-jerk reaction to the fresh quake in Japan.
In economic data, initial unemployment claims fell by 10,000 to 382,000 from an upwardly revised 392,000. The four week moving average of unemployment
claims fell by 5,750 to 389,500.
Oil traded at 2.5 year highs as fears of violence amid the Nigerian elections spurred oil prices higher. Demand-supply concerns also pressurised crude as Nymex
traded above the USD 110 per barrel mark, while Brent traded over USD 122 per barrel.
The White House and Congress faced a midnight deadline to break a budget deadlock. Democratic and Republican leaders said there was still no overall deal on
government funding for the rest of the fiscal year.
The government aims at increasing the share of manufacturing sector from 16-17% to 25-26% of the GDP by 2020. Manufacturing contributes over 80% in the
country's overall industrial production.
Auto exports soar 30% in FY11: Automobile exports from India grew at a robust 29.64% in 2010-11 riding on two-wheelers and commercial vehicles despite a
sluggish demand from Europe, one of the main markets for small cars.
SECTORIAL INDICES
Indices Open High Low Close
GAINERS LOSERS
Scrip GAINERS
Current Close Change Chg % Scrip Current Close Change Chg %
AP PAPR MILL 390.35 236.95 64.73 OSWAL INERAL 39.90 47.80 -16.52
TEXMO PIPES 49.15 32.05 53.35 HIMADRI CHEM 39.85 45.45 -12.32
SARDA ENERGY 285.70 197.50 44.65 PTC FINANCE 22.50 24.90 -9.63
TECHNICALS
Properties Values
Support 1 5830
Support 2 5780
Resistance 1 5935
Resistance 2 6000
The Nifty futures closed and settled finally at 5854.90, down by -47.10 points or -0.80 %. It looking bullish in the coming
trading session if it manages to trade above the resistance level of 5935 else below 5830 it would be in a downward trend.
TECHNICALS
Properties Values
Support 1 11665
Support 2 11580
Resistance 1 11925
Resistance 2 12050
Figure: Bank Nifty Weekly
Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it
manages to trade above the resistance level of 11956 else below 11665 it would be in a downward trend.
JUBILANT LIFE SCIENCE IS IN CONSOLIDATION PHASE FROM LAST FEW TRADING SESSION. .IF IT MANAGES TO SUSTAIN ABOVE 190IT
WILL TAKE UP MOVE .WE RECOMMEND TO BUY JUBILANT LIFE SCIENCE IN CASH ABOVE 190 TARGET 197,200 WITH STOP LOSS OF
182.
KEY STATISTICS
Primary Factors
Almost 27.27% decrease in Q o Q Earnings.
Sources: Sihl.in
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