|
Weekly-market: Indices set new benchmark for record closing week
|
Sunday, September 7, 2014 |
| Market Commentary | | Indices set new benchmark for record closing week | Indian stock markets rose 1.5% led by positive global cues, which pushed markets to mark fresh record highs. |
Major Headlines for the week: Indian indices: Welcome to the 'Weekly Market Wrap' for August 28, 2014 where key benchmarks rose last week as a decline in crude oil prices boosted sentiment. Lower crude oil prices will help India in containing its fiscal deficit, current account deficit and fuel price inflation. The market sentiment was boosted by strong buying by foreign portfolio investors (FPIs) in the past few days. Key benchmark indices rose in three out of five trading sessions. In the week ended on Friday, 5 September 2014, the S&P BSE Sensex rose 388.59 points or 1.46% to 27,026.70. The 50-unit CNX Nifty rose 132.50 points or 1.67% to 8,086.85. The S&P BSE Mid-Cap index rose 369.86 points or 3.98% to 9,668.76 and the S&P BSE Small-Cap index rose 362.62 points or 3.53% to 10,627.07. Both these indices outperformed the Sensex. Weekly market trend from September 01 - September 05: September 01- India's NSE index surged past the psychologically important 8,000 level for the first time on Monday to mark its latest record high as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. The BSE Sensex gained 0.86% while the CNX Nifty ended 0.92% higher. The 30-share Sensex ended up 229 points at 26,868 and the 50-share Nifty ended up 73 points at 8,028 September 02- India's benchmark BSE index on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high, as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy. The BSE Sensex gained 0.57% while the CNX Nifty ended 0.69% higher. The 30-share Sensex ended up 152 points at 27,019 and the 50-share Nifty closed 55 points at 8,083. September 03- Indian shares hit a record high on Wednesday as software exporters such as Infosys rallied after strong US manufacturing and construction data, while continued foreign buying and falling oil prices also helped. The 30-share Sensex ended at 27139.94 levels up by 120.55 points and Nifty closed at 8114.60 levels up by 31.55 points. September 04- India's BSE index snapped its nine-day winning streak on Thursday as investors pared positions in blue-chips such as ICICI Bank after a string of record highs earlier in the week, and as caution prevailed ahead of a key ECB meeting. The BSE Sensex dropped 0.20% while the CNX Nifty ended 0.21% lower. The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096. September 05- Indian shares fell for a second straight session on Friday as profit-taking continued in blue-chips such as ICICI Bank after a string of records earlier this week, while foreign investor sales in equity derivatives also weighed. The BSE Sensex dropped 0.22% while the CNX Nifty ended 0.11% lower. The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 9 points to close at 8,087. Global indices: Top Gainers: Shanghai Composite up by 4.93%, DAX100 up by 2.92% and CAC40 up 2.41% Sectoral and stock screening: Top Gainers: S&P BSE CD up 5.22%, S&P BSE TECk up 3.54% and S&P BSE CG up 3.40% Top Loser: S&P BSE FMCG down 0.58% | Looking at the 'A' group stocks, the top three gainers of the week were - NALCO up by 20.72%, UPL up by 16.34% and Apollo Tyres up by 16.04% Top three losers of the week were - JP Associates down 30.38%, Jaypee Infratech 16.56% and JP Power Venture down 9.06%. FII/MF activity: The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs4475.87 crore and the domestic investors bought Indian shares worth a net of Rs57.6 crore as on September 04, 2014. | TOP MOVERS (GROUP A) |  | | | | | | | Apollo Tyres | 193.55 | 16.04 | | | JP Associates | 33.80 | -30.38 | | JP Infratech | 26.95 | -16.56 | | JP Power Venture | 13.55 | -9.06 | | | | | | FII/MF ACTIVITIES |  | | | | Gross purchase | 19,546.08 | 3,450.20 | | Gross sale | 15,070.21 | 3,507.80 | | Net investment | 4,475.87 | -57.60 | | | | | | | | Data as on September 04, 2014 | | | Market Outlook for the coming week! In the coming week, trend in global market and key macroeconomic data in India will set the tone on the domestic bourses. Trend in investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, crude oil price movement and monsoon will be also closely tracked by the investors. Metal and power generation stocks will be in focus as the next Supreme Court hearing on coal blocks case is scheduled on Tuesday, 9 September 2014 The government will unveil industrial production data for July 2014 on Friday, 12 September 2014. The government is scheduled to announce data on inflation based on the combined consumer price index (CPI) for rural and urban India for August 2014 on Friday, 12 September 2014. On the global front, Asian markets will on Monday, 8 September 2014, react to the influential US non-farm payroll data for August, which will be out on Friday, 5 September 2014. | | To know more about our products and services, click here. | | Regd Add: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. Tel: 022 - 61150000. Fax: 67481899; E-mail: publishing@sharekhan.com; Website: www.sharekhan.com; CIN: U99999MH1995PLC087498. Sharekhan Ltd.: SEBI Regn. Nos. BSE- INB/INF011073351 ; CD-INE011073351; NSE- INB/INF231073330 ; CD-INE231073330; MCX Stock Exchange- INB/INF261073333 ; CD-INE261073330; DP-NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626; For any complaints email at igc@sharekhan.com ; Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do's & Don'ts by MCX & NCDEX and the T & C on www.sharekhan.com before investing. | | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees ("SHAREKHAN and affiliates") are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN." | | | |
posted by Anonymous @ 9:28 PM  |
|
|
|
|