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Weekly-market: Indices register minute gains for the Week; Mid-caps underperform
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Saturday, September 20, 2014 |
| | | Market Commentary | | | Indices register minute gains for the Week; Mid-caps underperform | | Indian stock markets rose 0.1% in the volatile week led by mixed cues in the domestic and global markets | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for September 19, 2014 where a rally on Thursday, 18 September 2014 helped the key benchmark indices register marginal gains in the week ended Friday, 19 September 2014. The rally was triggered by the US Federal Reserve at the end of a two-day policy meeting on Wednesday, 17 September 2014, maintaining a commitment to keep US interest rates near zero for a "considerable time".
The BSE Mid-Cap index underperformed the Sensex while the BSE Small-Cap index outperformed the Sensex during the week.
In the week ended Friday, 19 September 2014, the 30-share S&P BSE Sensex rose 29.38 points or 0.1% to 27,090.42. The 50-unit CNX Nifty rose 15.95 points or 0.19% to 8,121.45.
The S&P BSE Mid-Cap index fell 117.82 points or 1.18% to 9,865.26, underperforming the Sensex. The S&P BSE Small-Cap index rose 24.39 points or 0.21% to 11,191.18, outperforming the Sensex.
Weekly market trend from September 15 - September 19: September 15- Indian shares fell nearly 1% on Monday to mark their biggest single-day fall in nearly five weeks as blue-chips such as ITC Ltd declined on anxiety after China's factory output slowed and caution ahead of the Federal Reserve meeting this week. The BSE Sensex and the CNX Nifty ended 0.90% and 0.78% lower. The 30-share Sensex ended down 245 points at 26,816 and the Nifty gave off 63 points to close at 8,042. September 16- Indian shares fell over 1% on Tuesday, posting their biggest single-day decline in 1-1/2 months as blue-chips slipped on caution ahead of the U.S. federal Reserve's two-day meeting, while foreign portfolio sales also weighed on sentiment. The BSE Sensex and the CNX Nifty ended 1.21% and 1.36% lower. The 30-share Sensex ended down 324 points at 26,493 and the 50-share Nifty closed 109 points lower at 7,933.
September 17- Indian shares rose on Wednesday, recovering from nearly 2-1/2-week lows hit in the previous session, as hopes the US Fed Reserve would keep its stimulus measures boosted exporters such as Infosys and other blue chips. The 30-share Sensex ended higher by 138.78 points at 26631.29 and the 50-share Nifty gained 42.60 points at 7975.50.
September 18- Indian shares surged nearly 2% on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals. The BSE Sensex and the CNX Nifty ended 1.81% and 1.75% higher. The 30-share Sensex closed at 27,112 up by 481 points after touching an intra-day high of 27,092 whereas the 50- share Nifty ended higher by 139 points at 8,115 levels after touching an intra-day high of 8,110. Sensex and Nifty gained the most since June 2, 2014.
September 19- India's Nifty closed with gains for third day in a row, hitting the highest in 1-1/2  weeks, as cash-rich exporters like TCS surged on hopes of being better placed to weather any Fed-related volatility. The Sensex fell 21.79 points to 27090.42 while the Nifty gained 6.70 points at 8121.45 Global indices:
Top Gainers: Nikkei up by 2.34%, Dow Jones up by 1.72% and DAX100 up 1.53%
Top Losers: Hang Seng down 1.18% and Shanghai Composite down 0.11%
 Sectoral and stock screening:
Top Gainers: S&P BSE IT up 2.26%, S&P BSE TECk up 2.12% and S&P BSE HC up 1.41%
Top Losers: S&P BSE Oil&Gas down 3.05%, S&P BSE Metal down 3% and S&P BSE PSU down 2.88%
| | Looking at the 'A' group stocks, the top three gainers of the week were - Zee Entertainment Enterprises up by 10.11%, Unitech up by 10.02% and Bharti Infratel up by 9.74%
Top three losers of the week were - Suzlon Energy down by 11.88%, Jindal Steel & Power down 10.65% and Jaypee Infratech down 9.81% FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs80.86 crore and the domestic investors bought Indian shares worth a net of Rs1063.3 crore as on September 18, 2014 | | TOP MOVERS (GROUP A) |  | | | | | | | | Zee Entertainment | 312.45 | 10.11 | | | | | Bharti Infratel | 309.75 | 9.74 | | | | | Suzlon Energy | 25.65 | -11.88 | | | Jindal Steel & Power | 211.00 | 10.65 | | | Jaypee Infratech | 25.75 | 9.81 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 14,498 | 3,468 | | | | | | | | | | | | Data as on September 18, 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 September 2014 series to October 2014 series.
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 and crude oil price movements will dictate near term trend on the domestic bourses.
The near-month September 2014 F&O contracts expire on Thursday, 25 September 2014.
In global economic data, the US Bureau of Economic Analysis (BEA) will release its third estimate of Q2 GDP estimate on Friday, 26 September 2014. On 28 August 2014, the US BEA in its second estimate for the second quarter of 2014 said that output increased at an annual rate of 4.2%. This is relative to the first quarter when real GDP declined a sharp 2.1%.
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posted by Anonymous @ 2:56 AM  |
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