DAILY REPORT 5th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Emerging markets in Asia appear to have stabilized in re- cent days, but market watchers believe the sell-off is far from over. The Asian markets ended on a mixed note yes- terday, but today the Nikkei and Hong Kong’s Hang Seng Index are trading with a upward move by 0.05% & 0.94% respectively. European markets traded on a negative note yesterday as US is moving closer towards a war with Syria. US stock fu- tures traded on a flat note Wall Street Update Rising U.S. imports in July signaled that growth in con- sumer spending in the second half of the year should help propel the nation's recovery as its trading partners stabi- lize. Imports rose 1.6% in July from the prior month, aided by strengthening domestic demand for industrial supplies and consumer products, Commerce Department figures showed Wednesday. Exports fell 0.6%, giving up some ground after the surging to a record high in June Previous day Roundup The market rose more than 1.5 percent in morning trade Wednesday on short covering in most beaten up stocks. In a volatile session, both the Sensex and Nifty managed to pull-back almost half of Tuesday's losses. The Sensex ended up 332.89 points or 1.83 percent at 18567.55, and the Nifty closed up 106.65 points or 2 percent at 5448.10. About 1352 shares have advanced, 907 shares declined, and 159 shares are unchanged. Index stats Banks, oil & gas, metals and tech stocks are holding up the indices while realty stocks are under heavy selling pres- sure. Bank Nifty & Bankex both gained 2.09% & 2.10% re- spectively, while all the sectors also resulted upside closing in yesterday’s session; Consumer Durables [up 50.13pts], Oil & Gas [up 168.26 pts] , PSU [up 82.99pts]. Metals [up 222.32pts], Capital Goods [up 100.01pts], FMCG [up 9.86pts], TECK [up 99.87pts], Healthcare [up 229.82pts], IT [up 170.56pts], Power [up 26.82pts]. World Indices Index Value % Change D J l 14,930.87 +0.65 S&P 500 1,653.08 +0.81 NASDAQ 3,649.04 +1.01 EURO STO 2,758.29 +0.18 FTSE 100 6,474.47 +0.10 Nikkei 225 14,060.04 +0.05 Hong Kong 22,558.01 +0.94 Top Gainers Company CMP Change % Chg RANBAXY 444.00 35.55 8.70 BHEL 126.90 7.70 6.46 JPASSOCIAT 36.35 2.10 6.13 LUPIN 879.00 38.60 4.59 TATAMOTORS 311.00 13.65 4.59 Top Losers Company CMP Change % Chg DLF 126.00 1.30 -1.02 ITC 300.00 0.70 -0.23 MARUTI 1,275.20 0.85 -0.07 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg HCLTECH 1,043.00 19.15 +1.87 INFY 3,099.00 65.30 +2.15 SUVEN 44.70 6.80 +17.94 TCS 2,075.10 73.90 +3.69 Top Losers Company CMP Change % Chg NIFTY 5,448.10 106.65 +2.00 SENSEX 18,567.55 332.89 +1.83 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg AXISBANK 800.95 18.10 +2.31 FEDERALBNK 241.50 11.40 +4.95 GRASIM 2,190.30 19.40 +0.89 LICHSGFIN 157.50 0.80 +0.51
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DAILY REPORT
5th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Emerging markets in Asia appear to have stabilized in re-
cent days, but market watchers believe the sell-off is far
from over. The Asian markets ended on a mixed note yes-
terday, but today the Nikkei and Hong Kong’s Hang Seng
Index are trading with a upward move by 0.05% & 0.94%
respectively.
European markets traded on a negative note yesterday as
US is moving closer towards a war with Syria. US stock fu-
tures traded on a flat note
Wall Street Update
Rising U.S. imports in July signaled that growth in con-
sumer spending in the second half of the year should help
propel the nation's recovery as its trading partners stabi-
lize. Imports rose 1.6% in July from the prior month, aided
by strengthening domestic demand for industrial supplies
and consumer products, Commerce Department figures
showed Wednesday. Exports fell 0.6%, giving up some
ground after the surging to a record high in June
Previous day Roundup
The market rose more than 1.5 percent in morning trade
Wednesday on short covering in most beaten up stocks.
In a volatile session, both the Sensex and Nifty managed to
pull-back almost half of Tuesday's losses. The Sensex
ended up 332.89 points or 1.83 percent at 18567.55, and
the Nifty closed up 106.65 points or 2 percent at
5448.10. About 1352 shares have advanced, 907 shares
declined, and 159 shares are unchanged.
Index stats
Banks, oil & gas, metals and tech stocks are holding up the
indices while realty stocks are under heavy selling pres-
sure. Bank Nifty & Bankex both gained 2.09% & 2.10% re-
spectively, while all the sectors also resulted upside closing
in yesterday’s session; Consumer Durables [up 50.13pts],
BHEL is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 126.50. We advise buying above 126.50 levels with strict stop loss of 122 for the targets of 128-130-135 levels. 2. LUPIN
LUPIN is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 860. We advise buying around 860-865 levels with strict stop loss of 850 for the targets of 880-890 levels.
STOCK RECOMMENDATION [CASH] 1. MONNET ISPAT
MONNET ISPAT is looking strong on charts . We advise buy-ing above 128 with strict stop loss of 118 for the targets of 135-139.
STOCKS IN NEWS RINL posts 17% higher turnover in August 2013. JSW Steel is planning to export 3 million tonnes of
steel in the current fiscal. NDMC gets nod to seek Solicitor General opinion on
Taj Mansingh. The government has decided to extend the direct
benefit transfer for liquefied natural gas or (DBTL) scheme in 235 more districts by Jan 1, 2014.
NIFTY FUTURE
Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5400-5420 with strict stop loss of 5350 for the targets of 5450-5490 levels.
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