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Weekly-Market: Record rally continues for Week 2
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Friday, November 21, 2014 |
| | | Market Commentary | | | Record rally continues for Week 2 | | Indian stock markets closed at new record highs in the week led by positive domestic cues on back further of fall in crude oil prices. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, November 21, 2014 where key benchmark indices closed with modest gains to hit record high. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at record high on Friday, 21 November 2014, the last trading session of the week. The Sensex gained in three out of five trading sessions in the week ended Friday, 21 November 2014.
The Sensex rose 287.97 points or 1.02% to settle at 28,334.63 in the week ended Friday, 21 November 2014. The Nifty advanced 87.45 points or 1.04% to settle at 8,477.35.
The BSE Mid-Cap index rose 40.98 points or 0.4% to settle at 10,195.79. The BSE Small-Cap index advanced 108.45 points or 0.96% to settle at 11,325.84. Both these indices underperformed the Sensex.
Among 30-share Sensex pack, 19 shares rose while remaining declined during the week ended Friday, 21 November 2014.
Weekly market trend from November 17 - November 21:
November 17- Indian shares rose to record highs on Monday as state-run lenders rallied after State Bank of India reported better-than-expected asset quality in July-September, raising hopes for a revival in a sector laden by bad loans. The BSE Sensex and the CNX Nifty ended 0.47%-0.49% higher each. The Sensex ended up 131 points at 28,178 and the Nifty closed at 8,430 with a 40 point gain.
November 18- Indian shares ended flat on Tuesday, retreating from record highs hit earlier in the session as investors booked profits even as rising confidence in the domestic economy boosted firms The BSE Sensex and the CNX Nifty ended 0.05%-0.06% lower each. The Sensex ended 15 points lower at 28,163 after hitting life-time high of 28,282.85 and the Nifty ended down 5 points at 8,426 after touching an all-time high of 8,454.50.
November 19- Indian shares fell on Wednesday, retreating from record highs hit earlier in the session as investors pared positions in blue-chips such as Tata Motors after overseas investors marked their first sale of cash shares in three weeks. The BSE Sensex and the CNX Nifty ended 0.46%-0.52% lower each. The 30-stock Sensex ended 130 points lower at 28,033 after hitting a lifetime high of 28,294.01 while the 50-stock Nifty ended down 44 points at 8,382 after touching an all-time high of 8,455.65.
November 20- Indian shares edged up on Thursday as exporters such as Infosys rallied after the rupee fell to a nine-month low, although the weaker local currency hit other blue-chips such as Tata Motors by tempering hopes of interest rate cuts. The BSE Sensex and the CNX Nifty ended 0.12%-0.23% higher each. The 30-share Sensex ended higher 35 points at 28,068 while the Nifty gained 20 points at 8,402.
November 21- Indian shares soared to record highs on Friday as lenders surged after Kotak Mahindra Bank's acquisition of ING Vysya sparked hopes for further consolidation in the sector,  while expectations of more reforms in the winter session of Parliament also helped. The BSE Sensex and the CNX Nifty ended 0.95%-0.90% higher each. The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477.
Global indices:
Majority of the Global Indices closed green territory, barring Hang Seng down 2.70% and Nikkei down 0.76%. Topmost Gainer: Dax 100 up 2.50%, CAC 40 up 0.76%, Dow Jones up 0.48%, FTSE 100 up 0.37% and Shanghai Composite up 0.32%.
 Sectoral and stock screening:
Top gainers: S&P BSE Bankex up 2.81%, S&P BSE CG up 2.20% and S&P BSE Auto up 1.42%.
Top losers: S&P BSE Realty down 2.65%, S&P BSE Metal down 2.41% and S&P BSE CD fell 1.75%..
| | Looking at the 'A' group stocks, the top three gainers of the week were - Manappuram Finance up by 12.41%, Redington up by 12.37% and Rural Electrification up by 11.58%
Top three losers of the week were - Essar Oil down by 7.48%, Bajaj Electricals down by 13.75% and Gitanjali Gems down by 4.19%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1003.23 crore and the domestic investors bought Indian shares worth a net of Rs292 crore as on November 19, 2014.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Manappuram Finance | 38.05 | 12.41 | | | | | | | | | Bajaj Electricals | 229.80 | -13.75 | | | | | Gitanjali Gems | 54.95 | -4.19 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 11,964.74 | 2,719.30 | | | Gross sale | 10,961.51 | 2,427.30 | | | Net investment | 1,003.23 | 292.00 | | | | | | | | | Data as on November 19, 2014 | | | | Market Outlook for the coming week!
In the coming week, market will remain volatile as traders roll over positions in the futures & options (F&O) segment from November 2014 series to December 2014 series.
Investors' focus will remain on further policy announcements, if any, by the government. The month-long winter session of Parliament will start on Monday, 24 November 2014.
The Reserve Bank of India is scheduled to release the current account deficit (CAD) numbers for Q2 September 2014 on Monday, 24 November 2014.
The November 2014 derivatives contracts expire on Thursday, 27 November 2014.
Investors' focus will remain on Q2 September 2014 gross domestic product (GDP) data set to be announced by the government at 17:00 IST on Friday, 28 November 2014.
Among global economic events, the minutes of Bank of Japan's monetary policy meeting will be released on Monday, 24 November 2014. On the same day, the United States' Markit PMI Composite data and Markit Services PMI data, both for November 2014 are scheduled to be released.
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posted by Anonymous @ 9:49 AM  |
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