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Sunday, August 05, 2012

Weekly Stock Picks - Aug 5 2012

Buy Hind Oil Exp Buy Ranbaxy Buy TCS BUY NTPC Buy Wipro

Weekly Newsletter - Aug 5 2012

The indices did manage to eke out around 2% gains after being on a weekly loss for a couple of weeks. Dark clouds would actually bring joy as the focus of the nation is on the deficient monsoon. If the rain gods fail to shower their blessings adequately, India could see its growth in the current fiscal falling to 6% according to the Planning Commission. Any positive signals from the Euro zone can provide comfort and support to the markets which remain on tenterhooks. Corporate results will continue to flow in bringing in the necessary action in those particular stocks. As far as key data points are concerned the IIP numbers would be keen awaited on Friday. Globally too various data points will provide some cues on the current state of affairs. The month of August is not really known for much gains or pains. At best we could remain in a tight range for sometime. In short, the coming week will continue to swing more to the global cues than any domestic affair.

Markets rise after a 3-week slide

The Indian markets surged this week after falling for three straight weeks as investors went on bargain hunting. The Sensex rose 2.13% and the Nifty gained 2.27% for the week ended August 03, 2012. Major Healines of the Week gone by: RBI leaves key rates unchanged June exports falls 5.45%, imports slips 13.46% Manufacturing PMI slumps to 8-month low RBI’s cut in SLR does not impress banks BSE to exclude 52 stocks from September 28

Pharma stocks extend recent gains

Key benchmark indices fell for the second straight day as a downward revision in 2012 monsoon forecast from the state-run India Meteorological Department (IMD) on Thursday, 2 August 2012, hurt investor sentiment adversely. Nevertheless, a rally in European stocks helped Indian stocks stage strong intraday rebound. The market breadth was negative. The barometer index, BSE Sensex, lost 26.43 points or 0.15%, up close to 170 points from the day's low and off close to 10 points from the day's high. Pharma stocks extended their recent uptrend, with Sun Pharmaceutical Industries hitting a record high. European stocks surged after European Central Bank (ECB) president Mario Draghi on Thursday, 2 August 2012, said the ECB may soon step in to buy government bonds in the open market, possibly in unlimited quantities, and will consider other unconventional measures to lower exceptionally high borrowing costs of financially stressed euro-zone economies.

Market gallops on bargain hunting

The market rose on bargain hunting last week after declining in past three consecutive weeks. Data showing resumption of buying of Indian stocks by foreign funds underpinned sentiment. Key benchmark indices rose in three out of five trading sessions. The BSE Sensex rose 358.74 points or 2.13% to 17,197.93. The 50-unit S&P CNX Nifty rose 115.85 points or 2.27% to settle at 5,215.70. The BSE Mid-Cap index rose 3.14% and the BSE Small Cap index rose 2.96%. Both these indices outperformed the Sensex.