Weekly Newsletter
17/05/2010
-Equity
Capitalheight.com
www.capitalheight.com
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Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
5 Days Up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Market to take direction from EU’s rescue package implementation & monsoon
Inflation stood at 9.59% v/s 9.90% (MoM)
SBI Q4 net profit down 32%, declares 300% dividend
Dow closes just above 10600 as gold breaks all shackles
Nifty remained range bound this week without crossing the high & low of the previous
week. Nifty closed at 5093.50 falling heavily on Friday while Sensex closed at 16994.60.
Market may remain ranged till a clear picture regarding the EU’s implementation of $
1trillion rescue package as differences start to appear in EU towards the PIIGS bailout
package. Monsoon also holds the key to influence the market & provide the much
needed direction. Inflation eases of and stood at 9.59% in April showing effectiveness of
RBI measures to curb it and there could be further tightening of interest rates in near
future.
SBI Q4 net profit dips by 32% as its NPA increased by 674 cr. Investors worry as one
of the largest PSU bank provisioning coverage was 59%, 11% less than RBI’s stipulated
norms. On the other hand Hindalco posted a strong result as Net profit doubled due to
increased metal prices. Revenues from all India 3G auction to cross Rs 62000 crores
that f