DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The Nikkei and Hong Kong’s Hang Seng Index are trading with a little upward move by 2.41% & 0.68% respectively. Asian markets look set for a second day of gains on Tues- day after a string of upbeat factory data around the globe boosted shares and most commodities. While Wall Street was closed for the Labor Day holiday, U.S. stock futures posted solid gains with the S&P 500 con- tract up 0.9 percent. Broad gains across European bourses lifted MSCI's world equity index .MIWD00000PUS 0.6 per- cent. Wall Street Update China's factory sector showed signs of stronger growth Monday, while weak economic data from a number of other Asian nations underscored the impact of a recent selloff in emerging-market assets. Previous day Roundup Though Sensex has gained yesterday but still away from the 19000-level mark and at 18886.13, up 266.41 points or 1.50 percent, and the Nifty adds up 78.95 points or 1.46% at 5550.75. About 1385 shares have advanced, 841 shares declined, and 157 shares are unchanged. Index heavyweights were taking the lead. Tata Steel, ITC , Maruti Suzuki, Reliance, Hindalco were gainers in the Sensex while M&M, Tata Power, HDFC Bank, Infosys and Dr Reddy’s Labs are losers. Bajaj Hindusthan, Balrampur Chini, Shree Renuka Sug- ars, Dwarikesh Sugar and Dhampur Sugar rallied 13-20 per- cent. Index stats Bank Nifty & Bankex both gained 1.00% & 0.91% respec- tively, while all the sectors also resulted upside closing in yesterday’s session; Consumer Durables [up 99.11pts], Oil & Gas [up 207.74pts] , PSU [up 70.65pts]. Metals [up 246.19pts], Capital Goods [up 73.43pts], FMCG [up 196.35 pts], TECK [up 15.28 pts], Healthcare [up 72.39pts], IT [up 11.10pts]Power [up 14.07 pts]. World Indices Index Value % Change D J l 14,810.31 — S&P 500 1,632.97 — NASDAQ 3,589.87 — EURO STO 2774.09 +1.94 FTSE 100 6,506.19 +1.45 Nikkei 225 13,900.33 +2.41 Hong Kong 22,326.99 +0.68 Top Gainers Company CMP Change % Chg JPASSOCIAT 36.35 3.25 9.82 INDUSINDBK 383.00 26.25 7.36 TATASTEEL 290.70 16.70 6.09 Top Losers Company CMP Change % Chg KOTAKBANK 627.30 32.30 -4.90 M&M 767.00 16.25 -2.07 TATAPOWER 74.45 1.40 -1.85 HEROMOTOCO 2,018.25 28.25 -1.38 ACC 951.85 12.25 -1.27 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ALEMBICLTD 24.20 -0.05 -0.21 MINDTREE 1,070.90 +16.30 +1.57 HCLTECH 1,039.00 -1.45 -0.14 TCS 2,057.00 +23.80 +1.17 Top Losers Company CMP Change % Chg NIFTY 5,550.75 +78.95 +1.44 SENSEX 18,886.13 +266.41 +1.43 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ADANIENT 139.60 -1.90 -1.34 PLETHICO 59.85 +2.95 +4.93 NETWORK18 27.20 +0.65 +2.45 WYETH 571.10 -3.95 -0.69
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Transcript
DAILY REPORT
3rd SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
The Nikkei and Hong Kong’s Hang Seng Index are trading
with a little upward move by 2.41% & 0.68% respectively.
Asian markets look set for a second day of gains on Tues-
day after a string of upbeat factory data around the globe
boosted shares and most commodities.
While Wall Street was closed for the Labor Day holiday,
U.S. stock futures posted solid gains with the S&P 500 con-
tract up 0.9 percent. Broad gains across European bourses
lifted MSCI's world equity index .MIWD00000PUS 0.6 per-
cent.
Wall Street Update
China's factory sector showed signs of stronger growth
Monday, while weak economic data from a number of
other Asian nations underscored the impact of a recent
selloff in emerging-market assets.
Previous day Roundup
Though Sensex has gained yesterday but still away from
the 19000-level mark and at 18886.13, up 266.41 points or
1.50 percent, and the Nifty adds up 78.95 points or 1.46%
at 5550.75. About 1385 shares have advanced, 841 shares
declined, and 157 shares are unchanged.
Index heavyweights were taking the lead. Tata Steel, ITC ,
Maruti Suzuki, Reliance, Hindalco were gainers in
the Sensex while M&M, Tata Power, HDFC
Bank, Infosys and Dr Reddy’s Labs are losers. Bajaj
Hindusthan, Balrampur Chini, Shree Renuka Sug-
ars, Dwarikesh Sugar and Dhampur Sugar rallied 13-20 per-
cent.
Index stats
Bank Nifty & Bankex both gained 1.00% & 0.91% respec-
tively, while all the sectors also resulted upside closing in
RELIANCE INDUSTRIES is looking strong on charts & long build up has been seen, we may see more upside in this stock, if it continues to sustain above 890 levels. We advise buying above 890 levels with strict stop loss of 865 for the targets of 915- 930. 2. JPASSOCIATE
JP ASSOCIATE is looking strong on charts and long build up has been seen, we may see more upside in this stock, if it continues to sustain above 37 levels. We advise buying above 37 levels with strict stop loss of 35.50 for the targets of 38-39.
STOCK RECOMMENDATION [CASH] 1. RENUKA SUGAR
RENUKA SUGAR is looking strong on charts . We advice buy-ing above 18.25 with strict stop loss of 15.50 for the targets of 19.50-20.50 levels. MACRO NEWS Indian factory activity shrank for the first time in more than four years last month, adding to the country's deepening economic malaise even as the RBI struggles to defend the battered rupee currency The bleak Purchasing Managers' Index (PMI) comes hard on the heels of data on Friday that showed Asia's third-largest economy grew at it slowest quarterly rate in the three months to June since the global financial crisis, suggesting more pain ahead. The HSBC Manufacturing PMI, compiled by Markit, sank to 48.5 in August from 50.1 in July, the lowest reading since March 2009. The Indian economy grew 4.4 percent in the April-June quarter, the slowest quarterly rate since Jan-March of 2009, hurt by a contraction in mining and manufacturing.
Total sales of the M&M fell 17% y-o-y to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y.
NIFTY FUTURE
Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5500-5520 with strict stop loss of 5470 for the targets of 5580-5600 levels.
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