EQUITY REPORT

22
ND

JULY 2013
Open Close 6029.20 20149.85 % Change 0.11 -0.15

MARKET MOVEMENT S AS ON 19

TH

NSE JULY 2013 BSE

6051.2 20128.41

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 Reserve Bank raised short term interest rates in a bid to improve the rupee.

Top Gainers (BSE)

TCS Bajaj Auto Hero Motocorp 1700.00 1900.00 1730.00 1741.90 1967.05 1772.15 4.92 3.68 2.62

Top Losers (NSE)

BHEL Sun Pharma Sterlite Ind 189.00 1120.00 84.90 173.75 1080.25 82.85 -8.02 -3.35 -2.93

Sectors
BSE Auto 10571.56 7022.29 12835.69 10686.71 7097.29 1243.48 1.66 2.81 -1.84 BSE IT BSE BANKEX

BSE Capital Goods

9522.86

9320.45

-1.99

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 %.

PG FINANCE ROLL NO - 42, 43, 45

EQUITY REPORT
22
ND

JULY 2013

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 THE 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 policy review 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.

Company ING Vysya Bank Asian Paints L&T L&T Finance YES Bank

Results Date 22-Jul-13 22-Jul-13 22-Jul-13 23-Jul-13 24-Jul-13

Market is expected to react to the Q1 results of Reliance Industries that Hero MotoCorp 24-Jul-13 were declared on late Friday. Dabur 24-Jul-13
Cairn 24-Jul-13

PG FINANCE ROLL NO - 42, 43, 45