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Weekly-market: Markets rejoice as New Year rings bell; Indices register 2% weekly gain
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Saturday, January 5, 2013 |
| | | Market Commentary | | | Markets rejoice as New Year rings bell; Indices register 2% weekly gain | | The Indian markets advanced for the second consecutive week, with the Sensex up by 1.74% and the Nifty up by 1.82% for the week ended January 04, 2013. | |
 Major Headlines for the week:
Indian indices
The Indian markets ended the first trading week of 2013 on a cheerful note. A flurry of good newsflow boosted investor sentiment this week.
The first trading week of 2013 brought cheer on the D-street owing to supportive global peers and positivism on the domestic front as well. The Indian markets witnessed a smart rally and the NSE Nifty index also added good gains and ended above the key 6,000 levels for the first time in two-years. It was the second consecutive week of gains for the Nifty as it ended the week 1.84% higher. Reflecting the positive price movements, the markets gained in four out of five trading sessions of the week.
The BSE Sensex rose 347.22 points or 1.74% to close at 19,784.08 while the NSE Nifty gained 141.25 points or 1.82% to settle at 6,016.15 in the week.
Weekly market trend from December 31, 2012 - January 04, 2013 -
Key benchmark indices were completely directionless on December 31, 2012. The markets ended the last trading day of the year in the red zone as investors were cautious that US lawmakers might not reach a deal in time to avert the fiscal cliff.
The Sensex closed at 19426.71, down by 18.13 points and the Nifty fell by 3.25 points to settle at 5905.10. -
On January 01, 2013, it was a pleasant start of the year 2013, as sentiments were buoyed after the US Senate approved 'fiscal cliff' agreement - a budget deal to raise income taxes of the rich in order to avoid fiscal cliff. The uptrend in the market was also in the hopes of a rate cut easing monetary policy this month, leading to gains in banking shares. The Sensex closed at 19,580.81, up by 154.10 points, while the Nifty rose 45.75 points to close at 5,950.85. -
On January 02, 2013, the Indian indices stayed higher throughout the day as the US House of Representatives approved a deal on the fiscal cliff, sparking broad-based buying. The rally in Indian Indices also came from strong Asian and European cues. The Sensex ended at 19714.24, up by 133.43 points, while the Nifty shut shop at 5993.25, up by 42.40 points. -
On January 03, 2013, domestic markets closed trading session in the green zone tracking overall global rally. The markets were on a gaining spree on hopes of global growth recovery coupled with optimism that the Reserve Bank of India may cut lending rates in its January monetary policy. The Indian shares consolidated gains in noon trades as investors look ahead to negotiations over US debt limit and spending cuts. The Sensex closed at 19,764.78, up by 50.54 points, while the Nifty rose 16.25 points to close at 6009.50. -
On January 04, 2013, after opening on a negative note, the Indian equities closed trading session in green zone. The markets ended with modest gains as oil companies such as ONGC  rose on hopes of a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013. Global indices
All the global markets closed positive this week. Nasdaq rose by 4.74%, Dow Jones up by 3.50%, Hang Seng surged by 2.93% and Nikkei advanced by 2.82%.
 Sectoral and stock screening
All the sectors closed the week on a positive note baring BSE FMCG down by 0.81%. BSE Realty which rose by 5.19%, followed by PSU which surged by 4.20%, Oil & Gas up by 4.06% and CD advanced by 3.48%.
| | Looking at the 'A' group stocks, the top three gainers of the week were - Indiabulls Financial Services up by 15.75%, IFCI up by 15.26% and Gitanjali Gems up by 14.57%. The top three losers of the week were - Suzlon Energy fell by 4.66%, MCX fell by 4.40% and Madras Cement fell by 3.85%.
FII/MF activity
The foreign institutional investors (FIIs) have been net buyer of the Indian stocks worth a net of Rs3081 crore, while the domestic investors were net sellers of Indian stocks to the tune of Rs106.9 crore during the week till January 02, 2013. | | TOP MOVERS (GROUP A) |  | | | | | | | | Indiabulls Financial Services | 313.30 | 15.75 | | | | | Gitanjali Gems | 585.35 | 14.57 | | | | | Suzlon Energy | 18.40 | -4.66 | | | | | Madras Cement | 239.80 | -3.85 | | | | | |
| FII/MF ACTIVITIES | | | | | | | Gross purchase | 5,261 | 1,301 | | | | | Net investment | 3,081 | -106 | | | | | | | | *Data as on January 02, 2013
| | | | Market Outlook
The next week would be an important one for the Indian markets with the markets keeping an eye on the Q3 December 2012 results. IT bellwether Infosys will kickstart the Q3 earnings season on Friday January 11, 2013 by announcing its numbers.
On the global front, Asian markets are expected to react to the influential US non-farm payrolls data for December 2012 on January 07, 2013. | | | | | | | |  | | | | | | To know more about our products and services, click here. |
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