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Equity

Equity Weekly Update For the week 19th August to 23rd August 2013 Nifty 5507.85 - 57.80 Nifty Future 5508.00 - 81.70

om Sensex 18598.18

- 191.16

Weekly Outlook: - Foreign fund flows, rupee movement to dictate trend The trend in investment by foreign institutional investors (FIIs), movement of rupee against the dollar, and trend in global markets will dictate trend on the domestic bourses in the near term. Investors will keep a close watch on the ongoing monsoon session of parliament as a heavy legislative business has been lined up by the government. The government has expressed readiness to extend the monsoon session of Parliament if need be. The market sentiment remains edgy on fears of slowdown in inflow from foreign institutional investors as the US Federal Reserve may wind down $85-billion-a-month bond-buying program, which had become a source of funds for investment in Indian as well as other emerging markets.

Weekly Movement of Market Key Indices Nifty Sensex Bank Nifty CNX IT NSE Midcap BSE Auto BSE FMCG BSE Metal BSE Oil & Gas BSE Power BSE PSU BSE Reality Top Gainer/ Loser BSE Ranbaxy Labs. Essar Oil Ltd. Muthoot Fin. Aurobindo Pha. Wockhardt Ltd. MCX CadIla Healthcr Syndicate Bank Federal Bank CESC Ltd. Global Markets Shanghai Nikkei HangSeng FTSE CAC DAX DJIA NASDAQ . Level 5507.85 18598.18 9450.85 7774.2 6748.3 10619.73 6472.11 6953.89 8161.23 1394.73 5169.56 1263.77 Level 379.40 63.35 95.10 186.05 Change -57.80 -191.16 -365.55 -27.25 25.20 404.40 -57.40 98.35 -183.46 -22.44 -46.20 13.99 Change 109.85 15.95 19.50 37.40 Change (%) -1.04 -1.02 -3.72 -0.35 0.37 2.15 -0.88 1.43 -2.20 -1.58 -0.89 1.12 Change (%) 40.75 33.65 25.79 25.16 20.68 -26.70 -11.00 -10.06 -8.48 -7.98 Change (%) 0.79 0.26 3.26 -1.27 1.16 0.64 -2.23 -1.57 Weekly Round up: Market slumps on RBI's curbs on forex outflows Key benchmark indices slumped on Friday, wiping out all the gains posted in the first three trading sessions of a truncated week. The S&P BSE Sensex hit its lowest closing level in over seven weeks. The 50-unit CNX Nifty hit its lowest level in more than 18 weeks. The RBI curbs on forex outflows announced on Wednesday, 14 August 2013, to stem rupee's slide rattled investor sentiment. Fears that the Federal Reserve will begin to scale back its monthly bond buys in September 2013 also dampened sentiment. The market gained in three out of four trading sessions in a truncated week, with market remaining closed on Thursday, 15 August 2013, on account of Independence Day. In the week ended Friday, 16 August 2013, the 30-share S&P BSE Sensex fell 191.16 points or 1.02% to 18,598.18, its lowest closing level since 26 June 2013. The 50-unit CNX Nifty dropped 57.80 points or 1.03% to 5,507.85, its lowest closing level since 9 April 2013. Weekly Chart Nifty

Technical View: - On the daily chart of nifty we can see nifty fall from its higher levels of its current rally. Currently nifty is trading below its 8 days, 13 days and 21 days EMA. Currently nifty is trading near its support level of 5500, if nifty break 5500 in closing basis then nifty can touch 5300-5350 levels in lower side.

460.15 78.85 243.25 -88.60 662.45 -81.85 67.05 -7.50 309.75 -28.70 295.85 -25.65 Level Change Asian 2068.45 16.21 13650.11 34.92 22517.81 710.25 European 6,499.99 -83.40 4,123.89 47.34 8,391.94 53.63 US 15,081.47 -344.04 3,602.78 -57.33

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Institutional Activities (Rs Cr) FIIs Monday Tuesday Wednesday Thursday Friday DIIs Monday Tuesday Wednesday Thursday Friday Buy 3227.31 3419.10 2819.20 4336.64 Buy 1122.89 1242.50 1401.47 1940.51 Sold 2818.95 3192.02 2571.24 4899.87 Sold 864.08 1127.21 1152.19 1208.28 Net 408.36 227.08

Calls for the Week Stock on the Move: - Bank of Baroda

247.96 -563.23 Net 258.81 115.29 249.28 732.23 Technical View: - On the daily chart of BOB we can see stock has broken its support level of 485. Currently stock is trading below its 8 days, 13 days and 21 days EMA. Investor with buy position should exit from stock or can make fresh short position near 485 with stop loss of 495 for target price of 470.

Highlights of the Week NSEL asked to cut settlement calendar. Educomp lays off 3,500 in three months. Gammon claims Rs 300 cr from Mumbai Port on project delay. Civic body spanner in Piramal's Mumbai luxury towers plan. Walmart continues to bide its time over Bharti investment. Slowing capital expenditure likely to trip power companies. UTI officers unhappy over pay revision. Linde India targets double revenue in the next four years. GMB explores partners for Gujarat's 4th LNG terminal. GVK power plant capital cost raised after 15 years. Bank of Baroda seeks capital infusion. Ashok Bal new CEO of Essel Mining. Five firms keen on Odisha power distribution business. BNP Paribas buys 640,000 shares of MCX. Nalco net slumps 28% in Apr-June. Electronic goods likely to escape higher import duty. Despite price increases, diesel under recovery back to Rs 10 mark. MFN to India after removal of trade barriers. Moody's downgrades ratings for PNB, BoB & Canara Bank. Banks unlikely to hike rates on NRE deposits for now. IRDA to come out with norms for CSC-insurers' tie-up. ICICI Bank hikes term deposit rates by 50-75 bps. PNB raises NRI deposits rates by 1%. CD ratio of 21 districts below 60% in Odisha.

Derivative Trend

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