Market summary pptx 14.3.2014

6 %
94 %
Information about Market summary pptx 14.3.2014

Published on March 14, 2014

Author: indiafinancebazaar

Source: slideshare.net

India-GlobalMarketSummary 14-3-2014 • Sensex stages a strong intraday rebound as WPI inflation eases to 9-month low. A strong intraday rebound in late trade took the key benchmark indices to positive zone from negative zone. The market sentiment was boosted after the data showed that inflation based on the wholesale price index (WPI) eased to a nine-month low last month. The market edged lower in early trade on weak Asian stocks. Among the 30 Sensex shares, 15 declined and rest rose. The stock market remains closed on Monday, 17 March 2014, on account of Holi. Nifty rose 0.17% to 6504.20 and Sensex rose 0.16% to 21809.80 • The economy can grow an annual 5.2% in the quarter to end-March on higher farm output growth, the chairman of the Prime Minister's Economic Advisory Council said today, 14 March 2014. C. Rangarajan also said he expects the economic growth to pick up to 5.5% to 6% in the fiscal year that begins on 1 April 2014. • Inflation based on the wholesale price index (WPI) eased to a nine-month low of 4.68% in February 2014, from 5.05% in January 2014 and 7.28% during the corresponding month of the previous year, data released by the government today, 14 March 2014, showed. Build up inflation rate in the financial year so far was 5.17% compared to a build up rate of 6.15% in the corresponding period of the previous year. The government revised upwards the rate of WPI inflation for December 2013 to 6.4%, from 6.16% reported on 15 January 2014.

• Reliance Industries (RIL) and ITC, both, reversed intraday losses. Shares of L&T scaled 52-week high and L&T Finance Holdings slumped after the offer for sale of shares of L&T Finance Holdings by L&T was oversubscribed. Among auto stocks, M&M scaled record high. The market breadth, indicating the overall health of the market, was negative. • AXIS Bank edged lower after the joint secretary in the Department of Disinvestment said that the government is aiming to raise Rs 3000 crore to Rs 4000 crore via the sale of a stake held by a state-run trust fund in the private sector bank by month- end. • Gujarat Gas Company rose 2.09% after the company said it has accepted the authorization in Schedule D of the PNGRB to lay, build, operate, or expand local natural gas distribution network in Bhavnagar district. • Tech Mahindra rose 1.43% after the Reserve Bank of India notified that foreign institutional investors can now purchase up to 48% stake in the company from the earlier limit of 45% • Oil India lost 0.55% after the company said its board of directors will meet on 21 March 2014, inter alia, to consider the declaration of second interim dividend for the year ending 31 March 2014. • KEC International rose 1.73% after the company said it has secured new orders worth about Rs 1200 crore in its transmission, power systems, railways and cables businesses. • Castrol India gained 3.46% as trading in shares of the company resumed on the bourses today, 14 March 2014 pursuant to Scheme of Arrangement involving reduction of share capital. • Lambodhara Textile rose 0.76% after the company said its board has given its consent to the issue of equity shares on preferential basis to promoters up to an amount of Rs 2.38 crore. • Punjab National Bank announced that Dr. R. S. Sangapure has been appointed as Executive Director of the bank in terms of Department of Financial Services for a period upto 28 February 2018 • Cipla announced that the Board of Directors of the company inter alia has approved retirement of Mr. M. K. Hamied as Executive Vice-Chairman Mr. M. K. Hamied has expressed his desire to retire as Executive Vice-Chairman of the company. • Tata Motors announced group global wholesales in February 2014, including Jaguar Land Rover, were 79,996 units. • Oil India said that a meeting of the board of directors of the company will be held on 21 March 2014, inter alia, to consider the declaration of second interim dividend for the year ending 31 March 2014. • Trading in shares of Castrol India resumes on the bourses today, 14 March 2014; trading the shares of the company was suspended late last month to give effect to the company's capital reduction scheme. • Bharti Airtel announced that its wholly-owned subsidiary Bharti Airtel International (Netherlands) B.V. has successfully priced CHF 350 million 3% Guaranteed Senior Notes due 31 March 2020.

Global news • European stocks edged lower on Friday, 14 March 2014, as investors awaited a weekend referendum that may lead to Crimea's secession from Ukraine. Asian stocks edged lower after at least four investment banks lowered forecasts for China's 2014 economic expansion after reports on Thursday showed factory output rose in January and February from a year earlier by the least since the global financial crisis, while retail sales grew at the slowest rate for the period since 2004. Trading in US index futures indicated that the Dow could gain 7 points at the opening bell on Friday, 14 March 2014. US stocks tumbled on Thursday, 13 March 2014, as disappointing China data and ongoing tension in Ukraine overshadowed reports showing improvement in the American economy. The implied volatility on the S&P 500 as measured by the CBOE Vix index, dubbed "Wall Street fear gauge" jumped 12.1% to the highest level since early February • The Black Sea region of Crimea votes March 16 on becoming independent or rejoining Russia, with the US and Germany threatening Moscow with sanctions over its support for the secession. Russia launched new military exercises near its border with Ukraine on Thursday, showing no sign of backing down in its plans to annex its neighbour's Crimea region despite a stronger than expected drive for sanctions from the EU and United States. US Secretary of State John Kerry warned Russia that the US and Europe could take very serious steps the day after the referendum should there be no sign of a resolution to the crisis. Kerry, who told a Senate panel in Washington that "nobody doubts" Crimea will vote to leave Ukraine. • China's Premier Li Keqiang told reporters on Thursday, 13 March 2014, that the nation's 2014 goal of 7.5% economic growth is flexible and some financial-product defaults may be unavoidable. • Global concerns overshadowed better-than-forecast data in the US retail sales rose in February for the first time in three months, as Americans ventured out to shop last month even as colder-than-normal temperatures and severe snowstorms blanketed parts of the US. • The number of Americans filing applications for unemployment benefits unexpectedly fell last week to the lowest level since the end of November, a sign of further improvement in the labor market. Jobless claims dropped by 9,000 to 315,000 in the week ended March 8, a Labor Department report showed in Washington. • The Federal Open Market Committee (FOMC) next undertakes monetary policy review on 18-19 March 2014. After a monetary policy review, the FOMC on 29 January 2014 announced it will reduce monthly bond purchases by another $10 billion to $65 billion

We mentioned below the links of our other services, feel free to contact us for any other services requirement. • Our Services • Click here to read more on our site ---------------------------------------------- Free Internship Programme for the students with a background of Finance and commerce, For more details, contact 044- 32983431/ lakshmiskn@indianfinancebazaar.com. Visit us at www.ifmaonline.com, To Keep you updated with daily market news, visit www.indiafinancebazaar.com For students, we provide tailor made financial training upon the college request. Contact lakshmiskn@indianfinancebazaar.com for further details or call us at 044-32973431

Add a comment

Related pages

Medium-Term Coal Market Report 2014

EXECUTIVE SUMMARY MEDIUM-TERM COAL MARKET REPORT 2014 11 EXECUTIVE SUMMARY Old times, new times In 2013, coal added more primary energy than any other fuel ...
Read more

PowerPoint Presentation - The Africa Enterprise Challenge ...

This investor presentation template is the property of AECF Connect and comes with no implied or direct undertaking ... [summary of market share growth ...
Read more

Market Analysis PowerPoint Template

Market Analysis PowerPoint template is a free PPT template that you can download to make awesome PowerPoint research presentations or market research ...
Read more

Market Overview PowerPoint Templates - PowerPoint ...

... (ppt) and power point background for Market Overview ... Our Market Overview PowerPoint Templates and Market Overview PowerPoint Backgrounds ...
Read more

Go-to-Market and Launch Planning Guide - Citrix

Go-to-Market and Launch Planning Guide . Presentation Title Goes Here. ... Selling & Positioning PPT.
Read more

Market Summary: Bonds Center - Yahoo! Finance

Bond Market Summary; Bond Screener; BOND TICKER ... Rate Brief

The stock market registered its second consecutive weekly advance, ...
Read more

PowerPoint Presentation - ercot.com

Evaluate the conditions required to restart the Market. ... Lower Emergency Level (LEL) added to the Generator Control Panel and Generator Summary Display.
Read more

PowerPoint Presentation - University of Maine System

Threat of large distributors such as, Target who already have over 1031 locations, entering the pharmaceutical market increasing competition. 0.07. 1. 0.07. 4.
Read more

Current Uses and Outcomes of Hematopoietic Stem Cell ...

Current Uses and Outcomes of Hematopoietic Stem Cell Transplantation. INTRODUCTION: The Summary Slides are an annual report on data submitted to the CIBMTR ...
Read more