Posts Tagged ‘Production DMZ’

Weekly Equity Update 14th-21st August :)

EQUITY MARKET UPDATE1


The week gone by started on a weak note and domestic market nosedived deep into red terrain on huge selling pressure over the ground as unsatisfactory US consumer sentiment report weakened concerns about the recovery in global economy.

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In addition, weak Asian markets along with negative European markets also took huge beating on the bourses.

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Furthermore a poor monsoon rattled the markets, raising fears it could hurt economic prospects of corporates. However it is expected that market may remain volatile next week.

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In this year poor rains have raised worries about growth in India’s domestic-demand driven economy.

But a ray of hope was shown by FM saying that the government will take all the required steps to control drought.

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India has attracted 8% higher FDI to $2.58 billion in June 2009, from $2.39 billion in June 2008.

FII inflow in calendar year 2009 totaled Rs 35,773.40 crore. Inflation for the week ended 8th August stood at -1.53%with the previous week’s annual decline of -1.74%.

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MARKET OUTLOOK

Trend of world markets is still up. US and Europe were holding strong whereas a correction had come in Asia, but overall they are all up.

Shanghai looks to have topped out but till we are holding above 4450-4350 zone in Nifty, there is no need to worry.

Sensex has support between 15000-14700 levels and Nifty between 4450-4350 levels. 🙂

However it is expected that market may remain volatile next week!!

Further more Global markets will also play a pivotal role in setting the direction. Inadequate monsoon rains may continue to weigh on investor sentiment. 😦

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TABLES :

1. Indian and Sectoral Indices :

weekly indices update

2. BSE Movers and Shakers & IA Equity Figures :

Weekly BSE Gainers- Losers update🙂

3. NSE Movers and Shakers :

NSE Weekly Movers and Shakers

4. MONEY MARKET & ECONOMIC INDICATORS :

MONEY MARKET & ECONOMIC INDICATORS

5. GLOBAL INDICES :

Weekly GLOBAL INDICES

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NEWS ROUND UP

Economy

After falling for three weeks in a row, inflation rate rose to -1.53 per cent for the week ended August 8, primarily due to dearer primary articles, especially food items.

The inflation rate for the previous week ended August 1 was -1.74 per cent and stood at 12.82 per cent during the corresponding period in 2008.

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Oil & Gas

·Reliance Industries may sell part of its stakes in some of the overseas oil and gas blocks to lower its exploration risk.

RIL, through its wholly-owned subsidiary Reliance Exploration and Production DMZ, holds interests in 15 overseas exploration blocks and is considering farming-out a part of its stake.

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Realty/ Infrastructure

DLF, the country’s largest realty firm, bagged a 350-acre plot for Rs 1,750 crore in Haryana for developing a recreation and leisure project, making it one of the costliest land deals in recent times.

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Information Technologies

·Geometric Ltd has announced the release of version 2.0 of its visualisation product, 3DPaintBrush.

This is an innovative visualisation and rendering tool that helps create near photo-realistic images, animations, and videos from 2D models in real-time.

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Trend of world markets is still up. US and Europe were holding strong whereas a correction had come in Asia, but overall they are all up. Shanghai looks to have topped out but till we are holding above 4450-4350 zone in Nifty, there is no need to worry.