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Weekly-market: Bulls extend their stay for 2nd week; Midcap, Smallcap Underperform
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Friday, July 25, 2014 |
| | | Market Commentary | | | Bulls extend their stay for 2nd week; Midcap, Smallcap Underperform | | The Indian markets ended in the positive terrain for the second consecutive week. The Sensex up 1.89% and the Nifty rose 1.65% | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for July 25, 2014
Indian markets retreated from record high, as decline on last trading day of the week capped gains in Indian markets in the week ended on July 25, 2014. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, retreated after scaling record high in intraday trade on July 25, 2014. The market gained in four out of five trading sessions in the week just gone by. The BSE Mid-Cap and the BSE Small-Cap indices underperformed the Sensex during the week.
The S&P BSE Mid-Cap index fell 74.59 points or 0.8% to 9,178.21. The S&P BSE Small-Cap index declined 143.67 points or 1.41% to 10,037.17. Both these indices underperformed the Sensex.
The BSE Sensex surged 1,265 points in the past eight trading days between July 15 and July 24. ICICI Bank, Reliance Industries, Tata Consultancy Services (TCS), Housing Development Finance Company (HDFC) and Infosys contributed a combined 659 points or 52% to the 1,265-point rally in the Sensex.
Sensex scaled a record high of 26,300.17 while Nifty hit record high of 7,840.95, in intraday trade on Friday, July 25, 2014
The 30-share S&P BSE Sensex gained 485.19 points or 1.89% to 26,126.75 while CNX Nifty advanced 126.55 points or 1.65% to 7,790.45
Weekly market trend from July 21 - July 25:
July 21- The BSE Sensex rose for a fifth consecutive session on Monday as RIL rallied after its quarterly earnings beat estimates, while merger-related news led to gains in shares of some companies such as Kotak Mahindra Bank. The Sensex closed at 25715.17, up by 73.61 points, while the Nifty rose 20.30 points to close at 7684.20.
July 22- Indian shares rose more than 1% on Tuesday, approaching their record highs hit earlier this month after telecom stocks surged following Idea Cellular' better-than-expected earnings while stronger Asian shares also bolstered sentiments. The 30-share Sensex ended up 311 points at 26,026 after hitting an intra-day high of 26,050 and the 50-share Nifty gained 84 points to close at 7,768 after touching a high of 7,774.
July 23- India's NSE index marked its record closing high on Wednesday, led by gains in technology stocks on continued foreign-investor buying, while firm cues from Asian markets also aided sentiment. The S&P BSE Sensex gained 121.53 points and ended at 26147.33 while the CNX Nifty ended 27.90 points higher at 7,795.75.
July 24- India's NSE index rose to a record high for a second straight session on Thursday after cabinet approval for a higher FDI limit in insurance and a rejig in foreign debt limits reinforced optimism about the government's reform agenda. The S&P BSE Sensex gained 124.52 points and ended at 26271.85 while the CNX Nifty ended 34.85 points higher at 7830.60.
July 25- India's NSE index fell on Friday after hitting a record high for a third straight day as  investors took profits in blue-chips such as ICICI Bank , while software stocks declined after Wipro's U.S. dollar revenue growth lagged rivals. The Sensex closed at 26126.75, down by 145.10 points, while the Nifty fell 40.15 points to close at 7790.45.
Global indices:
Majority of the global markets closed in green, barring Dow Jone which were modestly down by 0.10%. The topmost gainers are: Shanghai Composite up by 3.28%, Hang Seng up by 3.25%, CAC 40 up by 1.74%, Nikkei up by 1.59% and Nasdaq up by 0.90%.
 Sectoral and stock screening:
Top Gainers: S&P BSE IT up 4.14%, S&P BSE Teck up 3.66% and S&P BSE FMCG up 3.57%.
Top Losers: S&P BSE Power down 3.36%, S&P BSE Realty down 2.84% and S&P BSE CG down 2.23%.
| | Looking at the 'A' group stocks, the top three gainers of the week were - Financial Tech up 29.83%, Wockhardt up 18.81% and Glenmark Pharma up 14.37%.
Top three losers of the week were - Ipca Labs fell by 15.93%, JP Associates fell by 11.90% and Cairn India down 10.16%.
FII/MF activity
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1456.700 crore as on July 23, 2014 and the domestic investors bought Indian shares worth a net of Rs253.30 crore as on July 22, 2014. | | TOP MOVERS (GROUP A) |  | | | | | | | | Financial Tech | 348.00 | 29.83 | | | | | Glenmark Pharma | 637.00 | 14.37 | | | | | | | JP Associates | 59.25 | -11.90 | | | Cairn India | 309.00 | -10.16 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 9,998.3 | 1,420.5 | | | Gross sale | 8,541.5 | 1,167.2 | | | Net investment | 1,456.7 | 253.3 | | | | | | | | *Data as on July 23, 2014
**Data as on July 22, 2014
| | | | Market Outlook for the coming week!
In the coming week, Corporate earnings will continue to dictate market trend in the truncated trading week. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month July 2014 series to August 2014 series.
The near-month July 2014 F&O contracts expire on Thursday, 31 July 2014.
On global economic front, the outcome of the two-day Federal Open Market Committee (FOMC) monetary policy review which concludes on 30 July 2014 will be closely watched.
Trend in investment by foreign portfolio investors (FPIs), trend in global markets, trend in other global emerging markets, the movement of rupee against the dollar, crude oil price movement and progress of monsoon will be also closely tracked by the investors. India's stock market remains closed on Tuesday, 29 July 2014, on account of Ramzan Id.
In macro economic data, Markit Economics will unveil the results of a monthly survey on India's manufacturing sector for July 2014 on Friday, 1 August 2014.
Shares of automobile companies will be in focus as auto companies start unveiling sales volume data for July 2014 from Friday, 1 August 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.
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posted by Anonymous @ 9:01 AM  |
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