Nse Bse Growth

Nifty Future forthcoming weekly View (14-01.2013 To 18.01.2013).

Markets ended flat after a volatile trading session on Friday as investors Opted to trade cautiously ahead of December inflation data scheduled next week which is likely to decide the stance of Reserve Bank of India's Monetary policy on January 29. Sensex inched up 0.09 point and ended at 19,663.64 While Nifty fell 17.35 points at 5,951.30. NiftyFut closing at 5972.75. Barring IT, technology, consumer durables indexes, all sectoral indices dropped with FMCG, PSU, power, real-estate, banks, and capital goods sectors leading declines. Shares of information technology companies are in focus after Infosys reported a better-than-expected net profit for the third quarter ended December 2012 (Q3) and upped its full year guidance. Top gainers were Infosys, Wipro, TCS and Sterlite. While top five losers among Sensex stocks were Jindal Steel, Hindustan Unilever, ONGC, Mahindra & Mahindra and ITC. But expecting Bank rate cutting can help to rise up Infra & Capital Goods sector.

As per Chart , Technically Points of View : 5960 & 6030 is the Key Points. Below 5960 except any positive news confirm bearish zones. Above 6030 again rising from this base points. Chart shown sum weakness.

Trading Idea :

Sell @ 5980-90, Stoploss 6040, Target 5920.

Sell @ 5925-35, Stoploss 5975, Target 5860.

Buy @ 6040 above , Stoploss 5985, Target 6100.

Buy @ 6100 Above, Stoploss 6065, Target 6175.

Note: This week event week. May be change situation coming after good or bad news.

Economy & Industry News:

• November IIP falls to -0.1%: The industrial production contracted to 0.1% in November from a year earlier, government data showed on Friday. It was 8.2% in October 2012 and has been revised to 8.3%. Manufacturing, which constitutes about 76% of industrial production, rose 0.3% from a year earlier. Factory output growth

was 1% in April-November period this fiscal, down from 3.8% in the same period in 2011-12.

• IIP dip due to statistical reasons: Montek - Attributing decline in industrial output in November to statistical reasons, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the growth has already bottomed out and efforts taken by the government will yield fruits in coming month.

• Coal Minister plans panel to identify mines for auction: The Coal Ministry is planning to form a panel which will identify coal blocks from the list of existing mines for allocation through auction and government dispensation route.

• Govt approves 14 FDI proposals worth over Rs 1,300 cr: The government said that it has approved 14 FDI proposals worth about Rs 1,311 crore including that of Hindustan Port Ltd.

• India Ratings revises outlook on construction companies: India Ratings has downgraded the outlook on domestic construction sector to ‘negative’ due to challenges faced in the execution of projects on account of delays in environment clearance and other issues.

• Exports decline 1.9% to $24.8 b in Dec: Exports continued to tumble for the eighth straight month in December 2012 falling 1.9 per cent to $24.88 billion compared with $25.36 billion in December 2011 as demand from major markets including the EU and Japan remained low.

• Credit Suisse cuts India's FY13 growth forecast to 5.7%: Credit Suisse has lowered India's growth forecast for the current fiscal to 5.7%, but said the economy has bottomed and will see a moderate recovery during 2013.

Corporate News:

Infosys Ltd expects operating margins for the financial year ending in March to be about 26%, Chief Financial Officer Rajiv Bansal said.

ABG Shipyard Ltd, India’s largest private shipbuilder, is planning to invest Rs 5,000 crore in Gujarat to develop the state’s coastline.

Infosys third quarter net profit was marginally down at Rs 2,369 crore for the quarter ended December 31, 2012 from Rs 2,372 crore in the same quarter last fiscal. On a sequential basis the company’s net profit was flat.

CMC Ltd’s net profit increased 48 per cent at Rs 61 crore in the third quarter ended December 31, 2012, compared to the corresponding quarter of the previous year.

NTPC should apply for new coal blocks instead of waiting to get back the three mines that were taken away, the Coal Ministry said.

Infotech Enterprises has launched its 7th India Development Centre at Kakinada in Andhra Pradesh. It has 850 employees now and has plans to ramp up staff strength to up to 2,000 by 2014.

Nagarjuna Fertilizers and Chemicals Ltd has started project work on its third plant at Kakinada in Andhra Pradesh. The facility will enhance the company’s overall urea production by 1.3 million tonnes taking the total production capacity to 2.9 mt.

Neyveli Lignite Corporation is on track to increase the generation capacity to 10,000 MW in the next ten years. It has an installed capacity of 2,740 MW which includes three thermal power stations in Neyveli and 250 MW capacity located at Barsingsar in Rajasthan.

Kingfisher Airlines: Government is not satisfied with Kingfisher Airlines' plans to invest Rs 650 crore to resume its operations as it may not guarantee an efficient and reliable service.

Global News:

French Current Account Deficit Stable from Oct to Nov: France's current account deficit was unchanged in November from October as the goods deficit and services surplus both fell slightly. The current account of the euro zone's second-largest economy posted a 2.9 billion euro ($3.8 billion) deficit in November, the same level as October.

Japan Approves $115 Billion Stimulus Plan: The Japanese government Friday approved a Y10.3 trillion ($115.7 billion) economic stimulus package and vowed to beef up ties with the Bank of Japan in the latest efforts to defeat long-running deflation and prop up the weakening economy.

China Dec CPI +2.5% on Year: -China's consumer price index rose 2.5% in December from a year earlier, quicker than a 2.0% on-year rise in November.

China Dec PPI -1.9% on Year: China's producer price index fell 1.9% in December from a year earlier, compared with a 2.2% decline in November.

Bank of Korea Keeps Interest rate Steady: The Bank of Korea kept its benchmark interest rate steady at 2.75% as expected Friday, pausing for a third successive month as the economy shows further signs of strength and inflation remains subdued.

Source: BL- Business Line, BS- Business Standard, ET- Economic Times, FE- Financial

Express, CM- Capital Market, IANS-Indo Asian News Service, nasdaq.com.

Forthcoming Board Meetings:

Company Name Meeting Date Purpose

GATI Limited 12-Jan-13 Un-audited Financial Results
Omkar Speciality Chemicals Limited 12-Jan-13 Miscelleneous
Jaiprakash Power Ventures Limited 12-Jan-13 Un-audited Financial Results
Goa Carbon Limited 12-Jan-13 Results/Others
Geojit BNP Paribas Financial Services 12-Jan-13 Results/Others
Vakrangee Softwares Limited 14-Jan-13 Results/Others
Shalimar Paints Limited 14-Jan-13 Un-audited Financial Results
Shree Ganesh Jewellery House Limited 14-Jan-13 Un-audited Financial Results
Tata Consultancy Services Limited 14-Jan-13 Results/Dividend
Muthoot Finance Limited 14-Jan-13 Un-audited Financial Results
Maharashtra Scooters Limited 14-Jan-13 Un-audited Financial Results

(Source: NSE, BSE)

Forthcoming Corporate Actions:

Scrip Name Ex-Date Purpose Div Per Share (Rs)

Moryo Inds 14-Jan-13 Stock Split from Rs.10/- to Rs.5/- -
Siemens 16-Jan-13 Dividend 6

Disclaimers: - Subject to change above trading levels as per market situation & conditions. All view my personally . So please trade with your on knowledge and technical point of views. Remember Profit & Loss you’re your own part. Take Care.

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