Equity Weekly Update Sensex 18519.44 - 78.74 Nifty 5471.10 - 36.

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For the week 26th August to 30th August 2013 Nifty Future 5464.50 - 43.50

Weekly Outlook: - Expiry of near month F&O contracts may cause volatility The movement of the rupee, trend in investment by foreign institutional investors and trend in global emerging markets may dictate near term trend on the bourses. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month August 2013 series to September 2013 series. The near month August 2013 derivatives contract expire on Thursday, 29 August 2013. On the macro front, the Central Statistics Office (CSO) will unveil data on gross domestic product (GDP) for Q1 June 2013 on Friday, 30 August 2013. India's GDP grew a dismal 4.78% in Q4 March 2013.

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 MCX Tata Steel Sesa Goa Hind. Zinc Coromandel Future Retail Bank of India ACC Titan Ind Ltd. Sobha Dev Global Markets Shanghai Nikkei HangSeng FTSE CAC DAX DJIA NASDAQ . Level 5471.10 18519.44 9470.10 7893.20 6640.55 10248.18 6293.92 7816.70 8191.04 1397.65 5227.18 1223.57 Level Change -36.75 -78.74 19.25 119.00 -107 .75 -371.55 -178.19 862.81 29.81 2.92 57.62 -40.20 Change Change (%) -0.67 -0.42 0.20 1.53 -1.60 -2.00 -2.75 12.41 0.37 0.21 1.11 -3.18 Change (%) 15.40 12.99 9.96 8.60 8.38 -25.11 -18.10 -16.52 -16.43 -15.44 Change (%) -0.53 0.08 -2.91 -0.12 -1.32 0.30 -0.47 1.53 Weekly Chart Nifty

292.30 39.00 282.25 32.45 152.90 13.85 115.60 9.15 187.50 14.50 67.40 -22.60 147.50 -32.60 990.40 -196.05 228.45 -44.90 233.85 -42.70 Level Change Asian 2057.46 -10.99 13660.55 10.44 21863.51 -654.30 European 6,492.10 -7.89 4,069.47 -54.42 8,416.99 25.05 US 15,010.51 -70.96 3,657.79 55.01

Technical View: - On the daily chart of nifty we can see nifty bounced back from its lower levels and close near its resistance level of 5500. Currently nifty is trading below its 8 days, 13 days and 21 days EMA. Nifty can touch 56-5700 levels in upside in next week. Nifty with long position can hold there position for the same targets.

Weekly Round up: Sensex maintains 18,000 in volatile trading week Key benchmark indices cut sharp weekly losses triggered by rupee plunging to a record low against the dollar. Globally, rising expectations that the US Federal Reserve will soon start withdrawing its monetary stimulus to the US economy also triggered fall in domestic bourses. However, market recovered on bargain hunting and comments from Finance Minister P. Chidambaram and Reserve Bank of India Governor D. Subbarao that India doesn't plan to introduce capital controls. The market fell in three out of five trading sessions in the week. In the week ended Friday, 23 August 2013, the 30-share S&P BSE Sensex fell 78.74 points or 0.42% to 18,519.44. The 50unit CNX Nifty fell 36.75 points or 0.67% to 5,471.75.

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Institutional Activities (Rs Cr) FIIs Monday Tuesday Wednesday Thursday Friday DIIs Monday Tuesday Wednesday Thursday Friday Buy 2805.12 2989.94 3955.22 3531.13 3433.98 Buy 1458.93 1991.20 1831.70 1682.21 1496.80 Sold 3485.20 4414.26 4747.33 4808.77 3582.55 Sold 1086.28 925.05 1056.25 1292.55 740.93 Net -680.08 -1424.32 -792.11 -1277.64 -148.57 Net 372.65 1066.15 775.45 389.66 755.87

Calls for the Week Stock on the Move: - Jindal Steel Power

Technical View: - On the daily chart of Jindal Steel Power we can see stock bounced back from its lower levels and currently trading above its 8 days and 13 days and 21 days EMA. Investors can buy stock near 237 with SL of 229 target price of 252.

Highlights of the Week Baring to buy Hexaware Tech for $465 mn NSEL declares 9 borrowers defaulters
Bharti debt to rise by Rs 5,900 cr due to rupee fall Billionaire costs climb as $18 billion of debt due

DLF Infopark project may be ready by July 2017 Nava Bharat blames state for delay in power project operation Ruchi Soya plans palm processing unit in state Fire at HPCL refinery in Vizag; 2 killed, 30 injured ArcelorMittal defaulted on land cost payments: Odisha OMCs float fresh tender for blending of ethanol Six state-run banks fined for violating KYC, AML norms Insurers allowed to invest in private equity, debt funds Forex reserves rise by $205 mn to $278.8 bn Lower interest rates alone not enough to drive growth: RBI Bond yields rise despite liquidity infusion via OMOs

Birla to seek $2.7-bn debt refinance Peninsula Land buys Mumbai property for Rs 650 cr from Mahindra JV Maruti board to decide on Gujarat project next week amid low demand Cairn Energy values Cairn India stake at $956 mn JSPL acquires majority stake in Gujarat NRE Coking Coal Falling rupee to boost inbound travel IndianOil, Uttarakhand govt to jointly bid for gas distribution Global tenders soon for revival of BGML in Kolar LNG terminal a boost for gas-based power in Kerala Sundram Fasteners to leverage US exports for growth Indian Oil to go ahead with its Rs 4,320 cr Chennai project Navin Housing to clock Rs 350 cr turnover by FY'14

Derivative Trend

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