DAILY MARKET ANALYSIS ON NIFTY FOR 28 APRIL 2014

ECONOMY ANALYSIS

 Sensex ends 188 pts lower; 180 stks hit 52-wk high 

 Maruti Suzuki Q4 net profit falls 35.5% at Rs 800 crore, misses estimate 

 UPL up over 8% post Q4 results; hits 52-week high 

 ICICI Bank Q4 profit up 15% to Rs 2652 crore, beats estimates 

 Cairn India slips over 5% post Q4 results 

MARKET ANALYSIS 

 Even though the S&P BSE Sensex ended on a weak note on Friday, but as much as 184 stocks rose to their fresh 52-week high on the Bombay Stock Exchange. 

 The real action was seen in the small and midcap segment, even though benchmark indices continued to reel under pressure. The BSE Sensex cracked as much as 219 points in trade, while 50-share Nifty index slipped below its crucial psychological level of 6800. 

 The BSE Sensex finally ended 188.47 points lower or 0.82 per cent at 22,688.07. It hit a low of 22656.64 and a lifetime high of 22939.31 in trade today. 

 Tracking the momentum, the 50-share Nifty index closed 58.05 points lower or 0.85 per cent at 6782.75. It hit a low of 6772.85 and a high of 6869.85 in trade today. 

READ MORE :  Nifty Futures, Nifty Future

RESEARCH VIA NIFTY REPORT FOR 23 APRIL 2014

ECONOMY ANALYSIS 

 HDFC Bank Q4 net up 23%, NIM strong, asset quality stable 

 Don't see significant impact of mining data on IIP: SBI 

 Novartis transforms drug biz via deals with GSK and Lilly 

 Believe margins bottomed out in Q3FY14: TD Power 

 Pfizer agrees to $190 m settlement over generic versions of its epilepsy drug 

 Uttam Galva expects stable prices, margin pressures in FY15See IT

MARKET ANALYSIS 

The Sensex ended the day at 22,758.37; down 6.46 points, or 0.03%; while the Nifty closed the day at 6,815.35; down 2.30 points, or 0.03%. 

 Election results on May 16 will decide the course of the market, and till thentraders can carry their long positions, say experts. The Nifty is getting support from banks and both the indices are near important levels, say analysts. 

 "The Nifty is quoting at 6,800, at about 15 times one year forward multiples which are the average valuation at which the market has quoted in last 10 years. 

From the valuation perspective, it is not that the market is expensive neither it is cheap," said Sanjay Dongre, Fund Manager, UTI Asset Company. 

 "FIIs are expecting that post election, we are going to get the stable and reformist government which is going to increase the pace of recovery of growth in the economy going forward in FY15 and FY16. That is what people are trying to factor in the valuations of the market," he told ET Now. 

 April was a choppy month for the market. Still, given the FIIs inflows, the benchmarks may take out the resistance levels of 6,840 next month. 

RESEARCH VIA EQUITY REPORT FOR 21 APRIL 2014

ECONOMY ANALYSIS
 Sensex surges over 300 points in pull-back rally, banks, IT gain
 HCL Technologies Q3 beats street, net up 8.5% to Rs 1624 cr
 Wipro Q4 revenue seen up 2%, Q1FY15 guidance likely at 2-4%
 Reliance Industries: Expect a flat earnings growth
 TCS slips 2%, recovers; Nomura cuts target price
 Rate cuts unlikely before March next: Bofa-ML

MARKET ANALYSIS
 The much talked about El Nino, which may affect India's South-West monsoon, may hit the FY15 GDP growth rate, push inflation higher and has the potential to slow down the bull party, say analysts.

 Although the current market euphoria is largely on account of growing prospects of NDA-led BJP forming the next government, a stable macro situation will be something which will keep the momentum going, they say.

 After a slow start, the S&P BSE Sensex managed to rally over 300 points in afternoon trade on Thursday, led by gains in ICICI BankBSE 3.25 %, Tata MotorsBSE 4.24 %, RILBSE 1.88 %, ITCBSE 2.11 % and InfosysBSE 1.06 %.

 Tracking the momentum, the 50-share Nifty index also managed to regain its crucial psychological level of 6700, supported by gains in IT, autos, metal, realty and banking stocks.

 The BSE Sensex closed the day at 22,628.84; up 351.61, or 1.58%.

 The 50-share Nifty index ended th day at 6,779.40; up 104.10 points, or 1.56%.

RESEARCH VIA DAILY MARKET ANALYSIS ON NIFTY REPORT 15 APRIL 2014

ECONOMY ANALYSIS 

 Sensex, Nifty end in red; Infosys up 1% ahead of Q4 results 

 Exports up 3.98% to USD 312.35bn in 2013-14 

 Nomura sees March CPI at 8.4%; trade deficit at 3-year low 

 IndusInd Bank down 2.5%, FII investment reaches upper limit 

 High on Modi, Gujarat-based stocks return upto 170% 

 First in FY14: RBI didn't buy dlrs in Feb; sold $530 mn 

MARKET ANALYSIS 

 After remaining under pressure for the whole day, the market ended on a negative note. The Sensex was down 86.37 points at 22628.96, and the Nifty was down 20.10 points at 6776.30. About 1473 shares have advanced, 1227 shares declined, and 171 shares are unchanged. Sun Pharma, TCS and Wipro were up over 1 percent each. Cipla and Infosys were other gainers in the Sensex. Among the laggards are M&M, Tata Motors, Reliance, SBI and GAIL. 

 The market continued to trade lower weighed down by profit booking in index heavyweights HDFC and Reliance Industries. However, the buying in HDFC Bank and ITC capped the downside. The Sensex went down 147.63 points to 22567.70 and the Nifty fell 40.35 points to 6756.05. 

About 1347 shares have advanced, 1216 shares declined, and 183 shares are unchanged. Housing finance company HDFC and petrochemical major Reliance Industries dropped nearly 2 percent. Top private sector lender ICICI Bank and engineering & construction major L&T slipped over a percent. 

WEEKLY MARKET ANALYSIS ON NIFTY 15 APRIL 2014

NEWS INSIGHT 

 India's trade deficit widens in March, touches $139bn in FY14 

 KV Kamath dubs Infosys CEO Shibulal's early exit 'routine' 

 Car sales expected to rise marginally in FY15: SIAM 

 Vodafone takes full control of Indian unit 

 KV Kamath dubs Infosys CEO Shibulal's early exit 'routine' 

NIFTY ANALYSIS 

 Positional Support for NIFTY 6700. 

 Immediate resistance for NIFTY is 6820. 

 Intraday Resistance of NIFTY are 6790: 6820 

 Intraday Support of NIFTY are 6740: 6700 

 Oscillator Analysis - The oscillator is showing BUY signal 

 Short Term Oscillator Analysis- The signal is BUY signal. 

MAJOR INDICES 

INDIAN MARKETS

INDEX                  CLOSE       CHANGE      % CHANGE 

SENSEX               22628.96        -86.37                 -0.38 

NIFTY                    6776.30        -20.10                 -0.30 

BANK NIFTY     12840.20      -109.20                 -0.84