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Weekly-market: Broader markets in party mood for the Weekend
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Monday, August 25, 2014 |
| | | Market Commentary | | | Broader markets in party mood for the Weekend | | Indian stock markets rose over 1% led by positive global cues, softening of crude oil prices and speculation of an upward revision of India's sovereign rating outlook | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for August 22, 2014 where key benchmark indices edged higher in the week. Positive global cues, softening of crude oil prices and speculation of an upward revision of India's sovereign rating outlook by global rating agency S&P underpinned sentiment. The market logged gains in four out of five trading sessions in the week just gone by.
In the week ended Friday, 22 August 2014, the 30-share S&P BSE Sensex gained 316.32 points or 1.21% to 26,419.55, its highest closing level since 19 August 2014. The barometer index, the S&P BSE Sensex scaled record high of 26,530.67 in intraday trade on Thursday, 21 August 2014.
The 50-unit CNX Nifty rose 121.50 points or 1.55% to 7,913.20, a record closing high for the index. The Nifty hit a record high of 7,929.05 in intraday trade on Friday, 22 August 2014.
The S&P BSE Mid-Cap index advanced 333.02 points or 3.69% to 9,340.87. The S&P BSE Small-Cap index advanced 474.46 points or 4.83% to 10,298.52. Both these indices outperformed the Sensex.
Weekly market trend from August 18 - August 22: -
August 18- Trading for the week began with a bang as key benchmark indices rallied on Monday, after Prime Minister Narendra Modi on Friday, 15 August 2014, in his first Independence Day address to the nation emphasized the need for better governance and stressed on the need to promote the manufacturing sector. A day later, Modi said that the government's thrust is on infrastructure development. The S&P BSE Sensex was up 287.73 points or 1.1% to 26,390.96, a record closing high. -
August 19- Key benchmark indices eked out small gains on Tuesday, after seeing intermittent volatility in intraday trade. The S&P BSE Sensex garnered 29.71 points or 0.11% to settle at 26,420.67, a record closing high. -
August 20- Key benchmark indices dropped on Wednesday, as caution prevailed ahead of the release of minutes from the US Federal Reserve's latest meeting. The S&P BSE Sensex fell 106.38 points or 0.4% to settle at 26,314.29, its lowest closing level since 14 August 2014. -
August 21- Key benchmark indices edged higher in choppy trading session on Thursday, on the back of small gains in European stocks and further fall in crude oil prices. However, the gains for the key indices were small. The S&P BSE Sensex rose 45.82 points or 0.17% to settle at 26,360.11, its highest closing level since 19 August 2014. -
August 22- Key benchmark indices edged higher in a volatile trading session on Friday, as speculation of an upward revision of India's sovereign rating outlook by global rating agency S&P resurfaced after data on Thursday, 21 August 2014, showed foreign funds bought Indian  bonds worth a staggering Rs16071.97 crore (net) in a single trading session on Wednesday, 20 August 2014. The S&P BSE Sensex gained 59.44 points or 0.23% to settle at 26,419.55, its highest closing level since 19 August 2014. Global indices:
Top Gainers: DAX100 gained 2.71%, Dow Jones rose 2.03%, CAC40 up 1.88% and Nasdaq rose 1.65%
 Sectoral and stock screening:
Top Gainers: S&P BSE CD up 5.59%, S&P BSE HC rose 5.31% and S&P BSE Bankex up 4.92%
Top Losers: S&P BSE FMCG was the only loser which was down by 1.32%
| | Looking at the 'A' group stocks, the top three gainers of the week were - TTK Prestige up 17.17%, Jubilant Foodworks up 16.60% and Union Bank of India up 16.32%
Top three losers of the week were - Bhushan Steel fell by 26.38%, HDFC fell by 8.44% and Bharti Infratel down 4.03%
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs963.86 crore and the domestic investors bought Indian shares worth a net of Rs1015.20 crore as on August 20, 2014 | | TOP MOVERS (GROUP A) |  | | | | | | | | TTK Prestige | 4,349.60 | 17.17 | | | Jubilant FoodWorks | 1,309.35 | 16.60 | | | Union Bank of India | 220.65 | 16.32 | | | | | Bhushan Steel | 124.35 | -26.38 | | | | | Bharti Infratel | 256.00 | -4.03 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 7,862 | 2,249 | | | | | | | | | | | | *Data as on Aug 20, 2014
| | | | Market Outlook for the coming week!
In the coming week, The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month August 2014 series to September 2014 series.
The near-month August 2014 F&O contracts expire on Thursday, 28 August 2014.
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 monsoon will be also closely tracked by the investors.
India's stock market remains closed on Friday, 29 August 2014, on account of Ganesh Chaturthi.
In macro economic data, the government will release Q1 June 2014 GDP data on Friday, 29 August 2014. India's Gross Domestic Product (GDP) rose at steady pace of 4.6% in Q4 March 2014. The GDP growth rose to 4.7% in the fiscal year ended 31 March 2014 (FY2014) from 4.5% in FY2013.
In stock specific activity, Shree Cement will declare Q4 and full year ended 30 June 2014 result on Monday, 25 August 2014.
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posted by Anonymous @ 1:38 AM  |
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