1. India Market Summary for the week ended 3-10-2014
I Review of the Week
Market review for the week ended 3 October 2014
• The market declined last week as investors preferred staying on side-lines in a
truncated week.
• High volatility materialized after the Reserve Bank of India (RBI) kept its main
lending rate unchanged after a monetary policy review as it waited for more signs
that inflation is retreating.
• Investors were also spooked by media reports suggesting that Finance Minister Arun
Jaitley was moved to an isolation ward of a government-run hospital to help him
recover from an infection that followed a stomach operation early this month to treat
diabetes.
• Among the 30 Sensex shares, 24 declined and the remaining shares rose.Sensex fell
0.22% to 26,567.99 and Nifty fell 0.29% to 7,945.55 for the week ended 3 October
2014
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2. India Market Summary for the week ended 3-10-2014
Government Policies during the week
• RBI after its fourth bi-monthly monetary policy review on 30 September 2014,
kept its main lending rate viz. the repo rate unchanged at 8% as it waited for
more signs that inflation is retreating.
• The RBI also kept the cash reserve ratio unchanged at 4% of net demand and
time liabilities (NDTL). It has reduced the liquidity provided under the export
credit refinance (ECR) facility from 32% of eligible export credit outstanding to
15% with effect from 10 October 2014.
Economic data
• The combined growth in production of the eight core industries accelerated to
5.8% in August 2014.
• Fiscal deficit during the first five month of the current fiscal year was 74.9% as
a proportion of Budget Estimate (BE) for the full year, same as 74.6% in the
same period last year
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3. Corporate Announcements
• Infosys rose 0.79% to Rs 3,701.45. Infosys announced a global partnership with Huawei, a leading global Tata
Group shares witnessed selling pressure last week. Tata Steel (down 5.38%), Tata Power (down 3.97%) and
Tata Motors (down 1.70%), edged lower. Tata Steel was the biggest Sensex loser last week.
• Bank stocks fell after Reserve Bank of India in its fourth bi-monthly monetary policy review on 30 September
2014, kept key policy rates unchanged. ICICI Bank (down 3.36%), Axis Bank (down 2.27%), State Bank of
India (down 0.81%) and HDFC Bank (down 0.69%), edged lower.
• State-run ONGC fell 2.32% to Rs 402.65. ONGC's wholly-owned subsidiary ONGC Videsh on 27 September
2014 said that it has entered into a memorandum of understanding and cooperation (MoU) with Pemex-
Exploration Y Production (PEP), the upstream subsidiary of Pemex, the national oil company of Mexico, to
cooperate in the hydrocarbon sector in Mexico.
• Car maker Maruti Suzuki India fell 2.19% to Rs 2968.90. The company announced on Tuesday, 30 September
2014, that it will proactively inspect and repair the wiring harness fitment of 69,555 diesel vehicles (55,938
units of old Dzire, 12,486 units of old Swift and 1,131 units of Ritz) manufactured between 8 March 2010 and
11 August 2013.
• Maruti Suzuki India's total sales rose 4.6% to 1.09 lakh units in September 2014 over September 2013.
Domestic sales rose 9.8% to 99,290 units in September 2014 over September 2013. Exports declined 28.2% to
10,452 units in September 2014 over September 2013.
• IT stocks rose on positive economic data in US, the biggest outsourcing market for the Indian IT firms and on
weak rupee.Wipro (up 5.03%), Infosys (up 4.51%) and TCS (up 3.46%), edged higher.
• Weakness in rupee also supported IT stocks. A weak rupee boosts revenue of IT firms in rupee terms as the
sector derives a lion's share of revenue from exports.
• Sun Pharmaceutical Industries rose 6.61% at Rs 860.45. It was the biggest Sensex gainer last week. Dilip
Shanghvi, Managing Director of Sun Pharma at the 22nd AGM of Sun Pharmaceutical Industries held on 27
September 2014, said that in May 2014, the company received a warning letter from the US FDA for its
cephalosporin facility located at Karkhadi in Gujarat.
•

4. India Market Summary for the week ended 3-10-2014
Top Gainers and Losers of the week (NSE)
COMPANY
PRICE ON PRICE ON CHANGE
Oct 1, 2014
(Rs)
Sep 24,
2014 (Rs)
(%)
SUN PHARMA 860.8 780.65 10.30%
INFOSYS LTD 3,847.30 3,644.80 5.60%
TCS 2,775.60 2,643.00 5.00%
ZEE ENTERTAINMENT 313.5 300.05 4.50%
CIPLA 624.3 600 4.00%
COMPANY
PRICE ON PRICE ON CHANGE
Oct 1, 2014
(Rs)
Sep 24,
2014 (Rs)
(%)
JINDAL STEEL 170.8 189.5 -9.90%
ICICI BANK 1,428.85 1,516.40 -5.80%
DLF LTD 150.40 159.60 -5.80%
BHEL 199.45 211.65 -5.80%
TATA POWER 80.8 85.25 -5.20%

5. India Market Summary for the week ended 3-10-2014
II Forth coming week
Government policies / announcements
Nil
Economic data
• Shares of automobile companies will be in focus as auto companies started
unveiling sales volume data for September 2014 from Wednesday, 1
October 2014
• HSBC Services PMI for August 2014 is due on Tuesday, 7 October 2014
• The government will unveil industrial production data for August 2014 on
Friday, 10 October 2014
• There could be some stock-specific action based on July-September 2014
corporate earnings announcements. IT major Infosys kicks off Q2 results
season on Friday, 10 October 2014.
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6. India Market Summary for the week ended 3-10-2014
Market outlook
• Global cues, Q2 earnings will be watched. Trend in global market and key
macroeconomic data in India will set the tone on the domestic bourses in
the week ahead.
• Trend in investment by foreign portfolio investors (FPIs) and the movement
of rupee against the dollar will be also closely tracked by the investors.
• The equity market will remain shut on Monday, 6 October 2014, on account
of Bakri Id.
• In the global market, the influential US monthly non-farms payroll data is
due on Friday, 3 October 2014. The data pertains to September 2014
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