|
|
|
Weekly Market: Markets register modest losses this week
|
|
Friday, December 26, 2014 |
| | | Market Commentary | | | Markets register modest losses this week | | The Indian indices were all locked in a tight range for the week ended December 26, 2014 with no major action on the D-street. The Sensex fell 130 points while the Nifty ended the week down by 25 points | |
 Major Headlines for the week:
Indian indices:
The Indian markets closed a holiday-shortened week on a negative note. The week saw the Indian markets trading in a tight range and struggling for direction. The markets were locked in a narrow range and were waiting for some triggers to break out of the range throughout the week. The Sensex fell in two out of four trading sessions in the week. Markets remained closed on Thursday, 25 December 2014 on account of Christmas.
Indian stocks remained volatile as traders rolled over positions in the futures & options (F&O) segment from December 2014 series to January 2015 series. The near month December 2014 derivatives contracts expired on Wednesday, 24 December 2014, as the stock market remained closed on Thursday, 25 December 2014.
The S&P BSE Sensex declined 130.06 points or 0.47% to settle at 27.241.78, in the week ended Friday, 26 December 2014. The 50-unit CNX Nifty dropped 24.50 points or 0.29% to settle at 8,200.70.
Weekly market trend from December 22 - December 26:
December 22- Indian markets rose more than 1% on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market. The S&P BSE Sensex and CNX Nifty ended 1.21%-1.20% higher each. The S&P BSE SENSEX closed at 27,701.79, up by 329.95 points or by 1.21%, and the NSE Nifty ended at 8,324, up by 98.8 points or by 1.2%.
December 23- Markets snapped their three-day winning streak as blue-chips such as ICICI Bank fell on risk aversion after Chinese stocks posted their biggest daily drop in two weeks while caution prevailed a day ahead of the monthly derivatives expiry. The S&P BSE Sensex and CNX Nifty ended 0.71%-0.68% lower each. The Sensex ended down 195.33 points at 27506.46 and the Nifty ended down 57.00 points to close at 8267.00.
December 24- Indian shares fell over 1% to mark a second consecutive session of declines on Thursday after blue-chips such as Housing Development Finance Corp tracked falls in Chinese stocks and the expiry of monthly derivatives contracts. The S&P BSE Sensex and CNX Nifty ended 1.08%-1.12% lower each. The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174
December 25- Indian stock markets remained closed on Thursday on account of 'Christmas Eve'
 December 26- Indian shares closed higher on Friday, snapping a two-day losing streak, led by technology stocks such as Infosys on a weaker rupee while broader sentiment was tepid as investors kept away from risky bets ahead of the year-end holidays. The S&P BSE Sensex and CNX Nifty ended 0.12%-0.33% higher each. The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
Global indices:
Global Indices closed in the green terrain in this week. Topmost Gainers: Shanghai Composite up 1.58%, Dax100 up 1.38%, CAC40 up 1.28% and Dow Jones up 1.27%
 Sectoral and stock screening:
Top gainers: S&P BSE Realty up 2.37%, S&P BSE Auto and S&P BSE Bankex up 0.51% respectively and S&P BSE PSU up 0.46%
Top losers: S&P BSE CG down 1.79%, S&P BSE CD down 1.38% and S&P BSE IT down 1.31% | | Looking at the 'A' group stocks, the top three gainers of the week were - Gujarat Gas Company up 21.60%, Future Retail up 17.81% and India Cements up 12.09%
Top three losers of the week were - PMC Fincorp down 12.39%, SCI down 7.42% and Amtek Auto down 5.85%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs696.13 crore as on December 23, 2014 and the domestic investors bought Indian shares worth a net of Rs2217.40 crore as on December 18, 2014.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Gujarat Gas Co | 786.80 | 21.60 | | | Future Retail | 101.55 | 17.81 | | | | | | | | | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 4,734.23 | 4,994.00 | | | Gross sale | 5,430.36 | 2,776.60 | | | Net investment | -696.13 | 2,217.40 | | | | | | | | *As on December 23, 2014
**As on December 18, 2014 | | | | Market Outlook for the coming week!
In the coming week, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and crude oil price movement will dictate near term trend on the bourses amid lack of major economic data announcements.
Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories, for December 2014 on Friday, 2 January 2015.
PSU OMCs, auto and airline stocks will be in focus as state run oil marketing companies will review fuel prices on the last day and during the middle of the month based on the average imported oil price in the preceding fortnight.
Auto companies start unveiling monthly sales volume data for December 2014 from Thursday, 1 January 2015.
Investors' focus will remain on further policy announcements, if any, by the government.
On global front, Markit Economics will unveil data on China HSBC PMI for the month of December 2014 on Wednesday, 31 December 2014. Markit Economics will also unveil data on Eurozone, US and France HSBC PMI for the month of December 2014 on Friday, 2 January 2015.
Most global markets will remain closed on January 01, 2015, for New Year Holiday.
| | | | To know more about our products and services, click here. |  | REGISTRATION DETAILS 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. (SHAREKHAN) and is intended for use only by the person or entity to which it is addressed to. This document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, 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 obtained from publicly available data or other sources believed to be reliable and SHAREKHAN has not independently verified the accuracy and completeness of the said data and hence it should not be relied upon as such. While we would endeavour to update the information herein on a 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. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Recipients of this report should also be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as he 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 his 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 licencing 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. Either SHAREKHAN or its affiliates or its directors or employees/representatives/clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have used the information set forth herein before publication. 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. The analyst certifies that all of the views expressed in this document accurately reflect his or her personal views about the subject company or companies and its or their securities and do not necessarily reflect those of SHAREKHAN. Further, no part of the analyst's compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this document." Compliance Officer: Ms. Namita Amod Godbole; Tel: 022-6115000; e-mail: compliance@sharekhan.com
Contact: myaccount@sharekhan.com | | | |
|
posted by Anonymous @ 7:47 AM  |
|
|
|
|
|
