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Weekly-market: Markets end week with minute gains; RBI policy eyed
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Friday, January 25, 2013 |
| | | Market Commentary | | | Markets end week with minute gains; RBI policy eyed | | The Indian markets closed with marginal gains and remained in a narrow range throughout the week. The Sensex rose 0.32% and the Nifty was up by 0.17% for the week ended January 25, 2013. | |
 Major Headlines for the week:
Indian indices
Welcome to the 'Weekly Market Wrap' for January 25, 2013. This was the fourth trading week of 2013 for the Indian markets which closed with marginal gains owing to mixed cues. The Indian markets remained in a consolidation mode this week and traded in a tight range. The key indices too traded in a narrow range throughout the week. The market sentiments were boosted by data which showed that foreign institutional investors (FIIs) remained buyers of Indian stocks during the week. Reserve Bank of India's (RBI) Third Quarter Review of Monetary Policy 2012-13 remained key focus of investors. The key benchmark indices gained in three out of five trading sessions.
The BSE Sensex rose 64.69 points or 0.32% to 20,103.53, while NSE Nifty rose 10.25 points or 0.16% to 6,074.65.
Weekly market trend from January 21 - January 25, 2013: -
On January 21, 2013, the Key indices ended in green led by better-than-expected results from Reliance Industries on Friday (January 18, 2013). However, the benchmark index pared gains in afternoon on the back of selling pressure in index heavyweights like Sun Pharma, Tata Motors, NTPC, TCS and Cipla. The strong opening of European markets also helped the domestic shares to trade in the green zone. The Sensex rose 63 points while the Nifty shut shop 18 points higher. -
On January 22, 2013, the Indian markets witnessed a turnaround in trade after opening in green. Realty, Consumer durables and PSU stocks were the major losers. The BSE index was down by 0.60% and the NSE Nifty Index fell 0.56% to 6048.50 after briefly breaching the psychological 6,100 mark for the first time since January 2011. The Sensex shut shop 120 pts lower while the Nifty lost 34 pts on selling pressure across the board. -
On January 23, 2013, Indian equities remained highly volatile throughout the day and ended in the green zone. The Indian markets started on a strong note on the back of all round buying across the board and positive Asian cues. Markets ended marginally higher amid volatile trading session in trade today led by financials and telecom shares. Financials were up on hopes that the central bank may ease key policy rates at its policy meet next week. The Sensex ended at 20026.61, up by 45.04 points, while the Nifty shut shop at 6054.30, up by 5.80 points. -
On January 24, 2013, the Indian markets shut shop near the day's low led by fall in broader markets with mid-cap and small-cap indices down over 2%. The markets witnessed pressure throughout the day as its global peers were unsupportive. Heavy selling pressure witnessed in broader markets pulled the benchmark indices to their lowest level in eight days. The Sensex wrapped trade at 19,923.78, down by 102.83 points while the NSE Nifty fell 34.95 points to settle at 6019.35. -
On January 25, 2013, Indian shares posted their biggest daily percentage gain in almost two weeks on Friday, as interest-rate sensitive stocks such as State Bank of India rose on  expectations the central bank will ease monetary policy next week. The Sensex wrapped trade at 20103.53, up by 179.75 points while the NSE Nifty rose 55.30 points to settle at 6074.65.
Global indices:
All the global markets closed mixed. Top gainers: FTSE100 up by 1.80%, Dow Jones surged by 1.29%, Dax100 rose by 0.60%, CAC40 up by 0.28% On the other side, top losers were Shanghai Composite down by 1.11%, Nasdaq fell by 0.14% and Hang Seng slipped by 0.09%.
 Sectoral and stock screening:
All the 13 sectors closed mixed. Top gainers- BSE TECk was up by 2.44%, BSE IT was up by 1.41% and BSE Auto rose 0.50%. Top losers BSE Metal fell by 5.49%, followed by HC which down by 2.33%, Oil&Gas declined by 2.01% and PSU slipped by 1.92%. | | Looking at the 'A' group stocks, the top three gainers of the week were - ONGC up by 12.39%, Suzlon Energy up by 11.35% and Berger Paints up by 10.72%. The top three losers of the week were - HDIL fell by 31.31%, Opto Circuits fell by 18.48% and Exide Industries fell by 14.77%.
FII/MF activity
The foreign institutional investors (FIIs) have been net buyer of the Indian stocks worth a net of Rs1889.8 crore, while the domestic investors were net sellers of Indian stocks to the tune of Rs496.6 crore during the week till January 22, 2013. | | TOP MOVERS (GROUP A) |  | | | | | | | | | | Suzlon Energy | 21.10 | 11.35 | | | Berger Paints | 174.05 | 10.72 | | | | | | | Opto Circuits India | 87.35 | 18.48 | | | Exide Industries | 121.15 | 14.77 | | | | | |
| FII/MF ACTIVITIES | | | | | | | Gross purchase | 6,953 | 1,016 | | | | | Net investment | 1,889 | -496 | | | | | | | | *Data as on January 22, 2013
| | | | Market Outlook for the coming week!
The coming week will focus on next batch of Q3 December 2012 corporate earnings and Reserve Bank of India's (RBI) Third Quarter Review of Monetary Policy 2012-13 on Tuesday, January 29, 2013.
The Reserve Bank of India (RBI) is expected to cut the key policy rate viz. the repo rate by 25 basis points (bsp) in its Third Quarter Review of Monetary Policy 2012-13 on Tuesday, January 29, 2013. Economists expect 50 bsp to 100 bsp reduction in repo rate during the first half of calendar year 2013 including a minimum 25 bsp rate cut expected at Third Quarter Review of Monetary Policy 2012-13 on January 29, 2013.
Volatility may remain high as traders roll over positions in the futures & options (F&O) segment from the near month January 2013 series to February 2013 series. The January 2013 F&O contract expire on Thursday, January 31, 2013.
Auto and cement stocks will be in focus as companies from these two sector start unveiling monthly sales volume data for January 2013 from Friday, February 01, 2013.
Results for the coming week- Reliance Infrastructure, Sterlite Industries (India), ICICI Bank, Lupin, Grasim Industries Punjab National Bank, Siemens, IDFC, Bharat Heavy Electricals and Bharti Airtel.
Market Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories, for January 2013 on Friday, February 01, 2013.
On the global front, the key event is the Federal Open Market Committee's (FOMC) two-day meeting on interest rates in the United States on January 29 and 30, 2013. | | | | | | | |  | | | | | | To know more about our products and services, click here. |
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