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Weekly Market: Markets take U-turn this week as RBI maintains status quo
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Saturday, December 6, 2014 |
| | | Market Commentary | | | Markets take U-turn this week as RBI maintains status quo | | Indian stock markets closed off record highs in the week led by unsupportive domestic cues and RBI's neutral stance. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, December 05, 2014 where data showing a slowdown in the nation's economic growth in Q2 September 2014 and the Reserve Bank of India's (RBI) decision to keep its main lending rate viz. the repo rate unchanged at 8% after a monetary policy review on 2 December 2014 pulled key indices lower in the week ended Friday, 5 December 2014.
The Sensex fell in four out of five trading sessions in the week just gone by. BSE Small-Cap and Mid-Cap indices, both, edged higher.
The barometer index S&P BSE Sensex, declined 235.89 points or 0.82% to settle at 28,458.10. The CNX Nifty fell 49.95 points or 0.58% to settle at 8,538.30.
The BSE Mid-Cap index rose 227.68 points or 2.21% to settle at 10,498.29. The BSE Small-Cap index gained 203.90 points or 1.8% to settle at 11,474.69. Both these indices outperformed the Sensex.
Weekly market trend from December 01 - December 05:
December 01- Trading for the week started on a weak note. Data showing a slowdown in the nation's economic growth in Q2 September 2014 and weakness in global stocks pulled key benchmark indices lower on the first trading day of the week on Monday. The Sensex fell 134.37 points or 0.47% to settle at 28,559.62 on that day, its lowest closing level since 27 November 2014..
December 02- Amid divergent trend in various constituents of the index, key benchmark indices edged lower on Tuesday, as the Reserve Bank of India (RBI) kept its main lending rate viz. the repo rate unchanged at 8% after a monetary policy review and said that risks to the January 2016 target of 6% appear evenly balanced under the current policy stance. The Sensex fell 115.61 points or 0.4% to settle at 28,444.01 on that day, its lowest closing level since 27 November 2014.
December 03- A divergent trend was witnessed as the barometer index, the S&P BSE Sensex, registered marginal losses whereas the 50-unit CNX Nifty registered small gains on Wednesday. The Sensex lost 1.30 points to settle at 28,442.71 on that day, its lowest closing level since 27 November 2014.
 December 04- Rally in index heavyweight and cigarette major ITC took key benchmark indices higher on Thursday. The Sensex jumped 120.11 points or 0.42% to settle at 28,562.82 on that day, its highest closing level since 28 November 2014.
December 05- IT and banking stocks led decline as key benchmark indices edged lower on the last trading session of the week on Friday. The Sensex fell 104.72 points or 0.37% at 28,458.10.
Global indices:
Majority of the Global Indices closed green territory, barring Nasdaq which was down by 0.23%. Topmost Gainers: Shanghai Composite up 9.50%, Nikkei up 2.64%, Dax 100 up 1.06% and Dow Jones up 0.73%
 Sectoral and stock screening:
Top gainers: S&P BSE FMCG up 5.62%, S&P BSE CD up 3.25% and S&P BSE Realty up 1.82%
Top losers: S&P BSE Oil&Gas down 3.18%, S&P BSE IT down 3.12% and S&P BSE TECk fell 2.70%
| | Looking at the 'A' group stocks, the top three gainers of the week were - Essar Oil up by 28.46%, BEL up by 25.37% and NCC up by 19.46%
Top three losers of the week were - AIA Eng down by 7.59%, SAIL down by 7.28% and KSCL down by 6.90%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1576.21 crore and the domestic investors bought Indian shares worth a net of Rs275.60 crore as on December 04, 2014.
| | TOP MOVERS (GROUP A) |  | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 17,092.45 | 3,821.70 | | | Gross sale | 15,516.24 | 3,546.10 | | | Net investment | 1,576.21 | 275.60 | | | | | | | | | Data as on December 04, 2014 | | | | Market Outlook for the coming week!
In the coming week, trend in global markets, wholesale and consumer price inflation data for November 2014 and industrial output data for October 2014, 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.
Among macro-economic data, the government will unveil industrial production data for October 2014 on Friday, 12 December 2014.
The government will release annual rate of inflation based on the combined consumer price indices (CPI) for urban and rural India for November 2014 on Friday, 12 December 2014.
Investors' focus will remain on further policy announcements, if any, by the government. The Indian government intends to get the Insurance Laws Amendment Bill that seeks to enhance FDI limit in capital starved insurance sector passed during the winter session of parliament which began on 24 November 2014. The government is also likely to introduce the constitutional amendment bill for the goods & services tax in the winter session of parliament.
State run oil marketing companies (PSU OMCs) will review fuel prices during the middle of the month and on the last day of the month based on the average imported oil price in the preceding fortnight.
On global front, on Monday, 8 December 2014, Asian stocks will react to the influential US nonfarm payrolls report for November, which will be out in the US on Friday, 5 December 2014. Weekly jobless claims data in US will be announced on Thursday, 11 December 2014, to show the number of individuals who filed for unemployment insurance for the first time. Data on retail sales in November will also be announced on Thursday, 11 December 2014, which measure the total receipts at stores that sell merchandise and related services to final consumers. The University of Michigan's Consumer Survey will show preliminary estimates of consumer sentiment for the month of December on Friday, 12 December 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.
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posted by Anonymous @ 2:47 AM  |
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Hey there! Do you know if they make any plugins to safeguard against
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Option Tips