Tech Mahindra acquires Hutchinson : Market Outlook

Tech Mahindra Acquires Hutchinson Global Services

Tech Mahindra Limited, a leading provider of solutions and services to the telecommunications industry, today on tuesday 4 Sep 2012, announced the acquisition of 100% stake in Hutchison Global Services Private Limited for US $ 87.1 m, payable upfront. 

Hutchison Global Services provides services to the clients of Hutchison's mobile firm in the UK, Ireland and Australia, the statement said.

As part of the deal, the clients of Hutchison Global have committed to procure services worth USD 845 million over a five-year period, said Tech Mahindra, a unit of India's Mahindra & Mahindra Ltd

Hutchison Global Services has about 12,000 employees operating out of five facilities in India.

British outsourcing group Serco was also interested in buying Hutchison Global Services, which services Hutchison’s mobile firm Three in the UK and Ireland as well as Vodafone in Australia.
Source : techmahindra.com

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Market Weekly Outlook From 25-29 April

Markets may turn volatile in the coming days amid F&O expiry next week. Traders and investors would also look forward for results to be announced by the corporate inc. Technically, near-term support is likely at 5,700 for the Nifty. If the momentum sustains, there are possibilities that the Nifty may touch 5,950.

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Market Falls On Credit Policy Revision by RBI

The 30-share Sensex and the 50-share Nifty closed below their psychological levels of 19,000 and 5700 respectively, as investors dumped bank shares. A 5% fall in index heavyweight Hindustan Unilever on the back of lower than expected quarterly numbers, added to the downtrend.

The Reserve Bank of India today raised repo rate--the rate at which it lends to banks--and reverse repo rate--the rate at which it borrows from banks--by 25 basis points each, as it tried to check the surge in inflation. A section of the market was expecting the RBI to raise key rates by 50 basis points, as the rapidly rising inflation is now threatening to undermine economic growth.

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Markets Performance For The Week

Indian Stock Markets bounced back on last trading day after earlier losses. Today markets opened negative amid weak Asian peers and continued to trade in a narrow range till noon. However, the market recovered all its losses and moved up into the positive notes.

This week's performance was average and the stats are:

• Sensex up 1% and Nifty also up 1%.
• CNX Midcap index was up 0.4%,
• BSE Smallcap index up 1.8%,
• BSE Metal index was up 4%,
• BSE IT index up 1.8%,
• BSE Oil & Gas index down 0.5%,
• BSE FMCG index up 1.3%, and
• BSE Auto index up 1.2% over the week.

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A Summary On Market For The Week

It was a great week for the Indian Stock Market which saw almost positive trading through-out the week and closed with healthy gains. Almost all sectors showed strength and global cues were firm, too. After being hit the most last week due to negative news of the housing loan scam, the real estate sector managed to rebound and post good gains over this week.

This week's performance was good and the stats are:

• Sensex up 4.5% and Nifty up 4.3%.
• CNX Midcap index was up 3.8%,
• BSE Smallcap index up 3.7%,
• BSE Realty index up 7.8%,
• BSE Bankex up 6.2%,
• BSE Metal index up 5.4%,
• BSE Oil & Gas index up 5.1%; and,
• BSE Auto index up 4.5%.

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Market Overviews For the Week 22-26 Nov

This week, the markets were dragged low by the realty funding scam. Banking and realty stocks crashed after the CBI arrested top officials of the banking industry for collusion with developers and middlemen. Reports also indicated that SEBI was initiating a probe against insider trading though the finance minister has denied this.

The markets took a sharp beating this week and downward trend prevailed across all sectors. Amidst housing loan scam involving many companies, realty was the worst performer in the second consecutive week.

The numbers are following:

• The Sensex down 2.5% and Nifty down 2.5%.
• The CNX Midcap index was down 5.7%,
• BSE Smallcap index down 7.2%,
• BSE OilGas down 4%,
• BSE Realty down 14%,
• BSE Consumer Goods down 5.5%,
• BSE Bankex down 3.4% over the week.

Filed Under : Nifty Weekly Reports

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Weekly Report On Markets For The Week(11-15' Oct)

Profit booking after a recent solid surge which had propelled the key benchmark indices to 33-months highs on Thursday, 14 October 2010, pulled the market sharply lower today, 15 October 2010. The BSE 30-share Sensex lost 372.59 points or 1.82% to 20,125.05, off 453.40 points from the day's high and up 34.87 points from the day's low. Both the benchmark indices were down about half-a-percent during this week. Profit booking took its toll across all sectors and they looked weak.

The numbers are following:

• Sensex down 0.5% and Nifty down 0.5%.
• The CNX Midcap index was down 0.5%,
• BSE Smallcap index up 1.2% over the week.
• BSE IT up 0.22%,
• BSE Metal up 0.5% and
• BSE TECk up 0.67%.

Download -: Nifty50 Report

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Market Weekly Weekly Report

The market seemed to be in correction mode in the last two sessions of the week, though the first three sessions of the trade have seen some robust growth. Profit booking is cited as the reason for this downward trend. The benchmark indices are trading with losses of about 0.3 percent. The Sensex declined 62 points(-0.32%) to 20,250 and the Nifty was trading 17 points(-0.28%) lower at 6,103.


This week's performance was below average and the numbers are:

• Sensex down 1% and Nifty down 0.7%.
• CNX Midcap index was up 1%,
• BSE Smallcap index up 1.5% over the week.
• BSE Realty index was up 1%,
• BSE Bankex down 0.5%,
• BSE Metal index down 0.65% and
• BSE Auto index down 0.52%

Download -: Weekly Nifty50 reports

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Stock Market Weekly Report

It was a wonderful week for the Indian market which, traded a couple of days of consolidation, looked strong following huge inflows of FIIs. Buying sprees were seen in most sectors and top gainers were autos, telecom, financials, FMCG and capital goods which helped the Nifty and Sensex close above the important levels of 6000 and 20000, respectively.

This week's performance was good and the numbers are:

• Sensex up 2.2% and Nifty also up 2.2%.
• CNX Midcap index was up 0.7%,
• BSE Smallcap index up 0.3% over the week.
• BSE FMCG index up 5.4%,
• BSE CD index up 2.9%,
• BSE Metal index up 0.9%,
• BSE IT index up 2% and
• BSE Auto index up 2.5%.

Download Weekly Nifty50 Report -:

^^^

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Market Performance For The Week (13-17'Sept)

It was a wonderful week for the Indian market which saw the indices pile on broad gains and break all resistance levels. The Nifty managed to briefly cross the 5900 mark, the first time since January 17, 2008, and the banking space posted life-time highs.

This week's performance was good and the numbers are:

• Sensex up 4.3% and Nifty up 4.5%.
• CNX Midcap index was up 1%.
• BSE Smallcap index closed flat over the week.
• BSE Realty index was up 4.5%,
• BSE CD index up 4%, BSE Bankex up 6%,
• BSE IT index up 3.2% and
• BSE Healthcare up 2.8%.

Nifty Weekly Report :-

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Market May Remain Consolidate

Technically, Nifty breached the vital sentimental resistance level of 5,900 but succumbed to profit booking pressure and closed at lower level. Owing to profit booking sentiment, Nifty corrected to close in negative after touching higher sentimental level of 5,900. For the day, Nifty has registered its PCR level at 1.14 against 0.95 as of previous trading session. Because of buying support at every levels, added with short covering, Nifty ably maintained the ongoing trends and successfully closed above the vital 9 & 14 day's SMA placed at 5,684 & 5,596 and surpassed 50 and 100 day's SMA placed at 5,476 and 5,309 with a good margin; these levels may act as new supports, in coming sessions.

For tomorrow it is expected that market may continue a phase of consolidation, as I said yesterday. The market is likely to face resistance around 5,900 level and may get support around 5,600.

Ref : Nifty50 Daily Report

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Nifty Seems Positive:Technical Views For (07-Sept)

It was a wonderful start for the Indian Stock Markets which, traded with positive global sentiments, good strength and ended with huge gains with the Nifty closing at a 31-month high. The rally was led by the metal pack which saw strong buying interest followed by realty, financial, oil & gas and auto. Today's session saw the biggest point gain on the Sensex since May 26, 2010.(According to NDTV Profit.)

For tomorrow, Further breakout above 5,572 could lead towards the next channel target of 5,625 (resistance of the diagonal price channel) while a correction could drag it towards the support of 5,520 & 5,500 respectively. The 5,650/5,700 levels may provide resistance to any up move. On an Intraday basis Nifty spot pivot levels are - Support at 5,507 - 5,478 levels ad resistance at 5,617 - 5,658 levels.

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Market Snapshot Report : Weekly Outlook

It was an interesting week for the Indian market which witnessed both quiet and choppy sessions and traded within a broad range bound area. The markets closed with gains on the last day of the week to finish the week with marginal gains. The benchmark indices closed off the day's high tracking global cues. Stocks ended Friday’s session strong, on the back of a rebound in Asian peers and rise in European markets as Germany and France grew at a fast clip of 2.2% and 0.6% respectively for the quarter to June.

Sensex ended off highs at provisional 18,169.86, gaining 95.96 points or 0.53%. The BSE 30-share index recorded a high of 18,260.39 versus a low of 18,050.42 early in the day. Nifty closed at 5453.65, higher by 37.2 points or 0.69%. The NSE benchmark moved between 5476.50 and 5415.50 intraday. For the week, the Sensex gained 0.17 per cent and the Nifty advanced 0.29 per cent (provisional).

Overall This week's performance was average and the numbers are as follow:

• Sensex up 0.25% and Nifty also up 0.25%.
• BSE Smallcap index up 1.3% over the week.
• CNX Midcap index was up 1.7%,
• BSE Realty index up 6%,
• BSE Bankex index up 3.3%,
• BSE CD index up 4.5%,
• BSE IT index down 2.5%, and ;
• BSE Auto index up 2.6%.

Barring the metal index, all the sectoral indices closed in the green. Realty stocks advanced 2.31 per cent. Unitech rose 2.26 per cent and DLF gained 2.12 per cent.

Banking stocks extended gains and SBI rose 2.35 per cent to top the Sensex for a second session today.

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