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Weekly-market: Broader markets rule the week; Sensex, Nifty stay calm
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Friday, September 12, 2014 |
| | | Market Commentary | | | Broader markets rule the week; Sensex, Nifty stay calm | | Indian stock markets witnessed marginal gains for the week ended September 12, 2014 as advances were capped by concerns that FIIs may slowdown their purchases | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for September 12, 2014 where key indices booked minute gains for the week as upside was capped by profit booking and caution ahead of inflation data in the next week backed by FII selling. The Sensex and Nifty logged gains in two out five trading sessions of the week.
After a rally which took them to record high at the onset of the week, key indices dropped for three days in a row and eked out small gains on the last trading session of the week. The net result was small weekly gains for the benchmark indices.
The BSE Mid-Cap and Small-Cap indices surged as stock-specific buying continued. Gains for key indices were capped by concerns that foreign investors may slowdown their purchases of emerging market stocks if the US Federal Reserve hikes interest rates earlier than expected.
Meanwhile, the government kicked off a big-bang divestment programme by announcing stake-sale in ONGC, Coal India and NHPC.
The BSE Mid-Cap index jumped 3.25% and the BSE Small-Cap index surged 5.07%. Both these indices outperformed the Sensex.
In the week ended Friday, 12 September 2014, the 30-share S&P BSE Sensex gained 34.34 points to 27,061.04. The 50-unit CNX Nifty rose 18.65 points to settle at 8105.50
Weekly market trend from September 08 - September 12:
Sep 08- Indian shares rose, resuming their record-setting streak after two days of consolidations, as strong foreign buying and weak oil prices stoked buying in blue-chips such as HDFC Bank. The BSE Sensex and the CNX Nifty ended 1.08% higher. The 30- share Sensex closed at a record high of 27,320, up 293 points and the Nifty scaled a peak of 8,174 up 87 points.
Sep 09- Indian shares fell on Tuesday from their record highs hit in the previous session as investors preferred to book profits in recent outperformers such as Oil and Natural Gas Corp. The BSE Sensex and the CNX Nifty ended 0.2% lower. The 30-share Sensex ended down 55 points at 27,265 and the 50-share Nifty closed 21 points lower at 8,153.
Sep 10- Indian shares fell for a second consecutive session on Wednesday, retreating from record highs hit early this week, as worries that the Federal Reserve would raise interest rates sooner than expected hit blue-chips such as Infosys. The BSE Sensex and the CNX Nifty ended 0.7% lower. The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Sep 11- Indian shares fell for a third consecutive session on Thursday to hit their lowest level in two weeks as three state-run companies, including Oil and Natural Gas Corp, slumped after the government announced it would pare its stakes in them. The BSE Sensex and the CNX Nifty ended 0.23% and 0.10% lower. The 30-share Sensex ended down 62 points at 26,996 and the 50-share Nifty ended down 8 points at 8,086.
Sep 12- Indian shares edged higher, snapping three days of falls as blue chips such as ITC Ltd  recovered, but broader advances were capped by caution ahead of inflation data and mild selling by foreign investors. The BSE Sensex and the CNX Nifty ended 0.24% higher. The 30-share Sensex ended higher by 65 points at 27,061 and the 50-share Nifty gained 20 points at 8,106.
Global indices:
Gainers: Nikkei up by 1.78%, Shanghai Composite up 0.24% and Nasdaq up 0.19%
Losers: Hang Seng down 2.55%, CAC 40 down 1.02%, FTSE 100 down 0.57%.
 Sectoral and stock screening:
Topmost Gainers: S&P BSE Auto up 2.02%, S&P BSE FMCG up 1.82% and S&P BSE Bankex up 1.69%.
Topmost Losers: S&P BSE Oil & Gas down 0.83%, S&P BSE down 0.64%, S&P BSE Realty down 0.44%.
| | Looking at the 'A' group stocks, the top three gainers of the week were - Bhushan Steel up 27.49%, Amara Raja Batteries up 12.97%, Aditya Birla Nuvo up 12.86%.
Top three losers of the week were - Ranbaxy Lab fell by 6.46%, Sun Pharmaceuticals fell by 6.05% and NMDC 4.39%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1893.72 crore as on Sept 10, 2014 and the domestic investors sold Indian shares worth a net of Rs355.90 crore as on Sept 10, 2014. | | TOP MOVERS (GROUP A) |  | | | | | | | | Bhushan Steel | 134.95 | 27.49 | | | Amara Raja Batteries | 651.65 | 12.97 | | | Aditya Birla Nuvo | 1624.45 | 12.86 | | | | | | | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 10,388.36 | 1,943.80 | | | Gross sale | 8,494.64 | 2,299.70 | | | Net investment | 1,893.72 | -355.90 | | | | | | | | Data as on September 10, 2014
| | | | Market Outlook for the coming week!
In the coming week, advance tax payment by India Inc on September 15, 2014 will provide clues about Q2 September 2014 corporate earnings.
The government will release the inflation data based on the Wholesale Price Index (WPI) for August 2014 at 12 noon on September 15, 2014.
State run oil marketing companies (PSU OMCs) will be in focus as PSU OMCs will review fuel prices on September 16, 2014 based on the average imported oil price in the previous fortnight. PSU OMCs review fuel prices on 1st and 16th of every month based on the average imported oil price in the previous fortnight.
Zee Entertainment Enterprises replaces United Spirits as a constituent in the NSE's 50-unit CNX Nifty Index on September 19, 2014.
On global front, a policy meeting of the Federal Open Market Committee (FOMC) will be held on 16 and 17 September 2014. The policy meet will be followed by a press conference by Federal Reserve Chairwoman Janet Yellen on September 17, 2014.
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posted by Anonymous @ 9:03 PM  |
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