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Weekly-market: Markets end little changed for Week; Broader markets lead
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Friday, June 27, 2014 |
| | | Market Commentary | | | Markets end little changed for Week; Broader markets lead | | India's stock markets ended flat on subdued global and domestic scenario. The S&P BSE Sensex fell 0.02% and Nifty slipped 0.03% for the week ended June 27, 2014 | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for June 27, 2014 where key benchmark indices were marginally lower in the week ended Friday, 27 June 2014. The barometer index, the S&P BSE Sensex edged lower in three out of five trading sessions in the week just gone by. The BSE Mid-Cap and the BSE Small-Cap indices outperformed the Sensex during the week.
In the week ended Friday, 27 June 2014, the 30-share S&P BSE Sensex shed 5.59 points or 0.02% to 25,099.92. The 50-unit CNX Nifty slipped 2.65 points or 0.03% to 7,508.80.
The S&P BSE Mid-Cap index gained 243.21 points or 2.71% to 9,205.17. The S&P BSE Small-Cap index advanced 261.07 points or 2.67% to 10,022.29. Both these indices outperformed the Sensex.
Weekly market trend from June 23 - June 27:
June 23- Indian shares edged down on Monday to close at their lowest in nearly 2-1/2 weeks as index heavyweight ITC slumped on tax hike worries. The BSE Sensex slumped 0.30% and NSE Nifty fell 0.24% for the day. The Sensex closed at 25031.32, down by 74.19 points, while the Nifty fell 18.10 points to close at 7493.35
June 24- Indian shares rose over 1% on Tuesday, snapping a four-day losing streak as blue-chips such as Reliance Industries gained on continued hopes of reforms while a fall in crude oil prices also helped. The BSE Sensex rose 1.35% and NSE Nifty gained 1.16% for the day. The Sensex closed at 25368.90, up by 337.58 points, while the Nifty rose 86.85 points to close at 7580.20
June 25- Indian shares fell on Wednesday for a fifth session in six with blue-chips such as Reliance Industries taking a hit as caution ahead of expiry of June derivatives on Thursday and fears of more violence in Iraq prompted investors to pare positions. The BSE Sensex fell 0.22% and NSE Nifty slipped 0.14% for the day. The Sensex closed at 25313.74, down by 55.16 points, while the Nifty slipped 10.95 points to close at 7569.25
June 26- Indian shares ended lower on Thursday with sharp falls in oil explorers such as Reliance Industries and Oil and Natural Gas Corp. after the government deferred a decision to hike prices of locally produced gas, while the expiry of monthly derivatives contracts also weighed on sentiment. The BSE Sensex fell 0.99% and NSE Nifty slipped 1.00% for the day. The Sensex closed at 25062.67, down by 251.07 points, while the Nifty slipped 76.05 points to close at 7493.20
June 27- Indian shares rose on Friday as defensive stocks such as Sun Pharmaceutical Industries  and Ranbaxy Laboratories jumped on the U.S. regulator's approval for a key drug while IT stocks gained after rival Accenture Plc reported robust quarterly revenue growth. The BSE Sensex rose 0.15% and NSE Nifty gained 0.21% for the day. The Sensex closed at 25099.92, up by 37.25 points, while the Nifty rose 15.60 points to close at 7508.80
Global indices:
Gainers: Shanghai up 0.49%, Nasdaq up 0.27% and Hang Seng up 0.12%.
Losers: CAC 40 down 1.78%, Nikkei down 1.66% and FTSE 100 down 1.34%.
 Sectoral and stock screening:
Topmost Gainer: S&P BSE HC up 4.09%, S&P BSE CD up 3.91% and S&P BSE Power up 2.47%.
Topmost Loser: S&P BSE FMCG down 3.15%, S&P BSE Oil & Gas down 1.11%, S&P BSE Metal down 0.33%. | | Looking at the 'A' group stocks, the top three gainers of the week were - Gujarat State Petronet up 13.23%, Bharat Electronics up 12.26%, Titan Company up 11.89%.
Top three losers of the week were - United Spirits fell by 10.90%, Kotak Mahindra Bank fell by 9.58% and Idea Cellular down 8.93%. FII/MF activity
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs577.00 crore as on June 25, 2014 and the domestic investors bought Indian shares worth a net of Rs1364.90 crore as on June 25, 2014. | | TOP MOVERS (GROUP A) |  | | | | | | | | | | Bharat Electronics | 2043.65 | 12.25 | | | Titan Company | 352.80 | 11.89 | | | | | United Spirits | 2,500.25 | -10.90 | | | Kotak Mahindra Bank | 868.00 | -9.58 | | | Idea Cellular | 130.50 | -8.93 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 10,328.19 | 3,205.10 | | | Gross sale | 9,751.19 | 1,840.20 | | | Net investment | 577.00 | 1,364.90 | | | | | | | | Data as on June 25, 2014
| | | | Market Outlook for the coming week!
In the coming week, expectations of industry friendly announcements in the upcoming final Union Budget for 2014-15 may keep stock prices firm. Oil price movement will remain on investors' radar at a time when Iraq has been gripped by militant violence. Indian markets are highly sensitive to oil price movement due to the nation's high dependence on oil imports. India imports about 80% of its crude oil requirements.
The progress of the monsoon rains holds key amid concerns that poor rains this year will send food prices higher. Rainfall for the country as a whole was 40% below the long period average during the period from 1 June to 25 June 2014. Officials from the India Meteorological Department (IMD) who apprised Prime Minister Narendra Modi of the monsoon situation expect rainfall to improve substantially in July and August, the Prime Minister's Office said on 26 June 2014.
Shares of automobile companies will be in focus as auto companies start unveiling sales volume data for June 2014 from Tuesday, 1 July 2014.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a monthly revision in diesel prices is due at the end of the month. PSU OMCs have been raising diesel prices by 50 paise per litre every month after the Congress led United Progressive Alliance (UPA) government in January 2013 allowed PSU OMCs to increase the retail selling price within a small range every month.
Markit Economics will unveil the results of a monthly survey on India's manufacturing sector for June 2014 on Tuesday, 1 July 2014.
Markit Economics will unveil the result of a monthly survey on India's services sector for June 2014 on Thursday, 3 July 2014.
On the global markets front, the influential monthly US nonfarm payroll data for June 2014 is scheduled for release on Friday, 4 July 2014.
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posted by Anonymous @ 2:00 PM  |
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