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Weekly Market: Weekly tale: Volatile week, Flat close
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Saturday, December 20, 2014 |
| | | Market Commentary | | | Weekly tale: Volatile week, Flat close | | Indian stock markets closed the volatile trading week on a flat note led by unsupportive domestic cues and global turmoil. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, December 19, 2014 where key benchmark indices ended on a flat note in the week ended Friday. Markets slumped in the first three trading sessions of the week as prospects of higher interest rates in the United States and a sharp fall in global crude oil prices weighed on sentiment.
Losses were, however, wiped off in the last two trading sessions of the week driven by a broad-based rally, mirroring gains in global equity markets, triggered by signals from the Federal Open Market Committee that the US central bank isn't in a hurry to raise interest rates in the United States.
The barometer index, the S&P BSE Sensex, reclaimed the psychological 27,000 mark after slipping below that level during the week. Small and mid-cap shares tumbled in a broad-based sell off.
The S&P BSE Sensex rose 21.16 points or 0.08% to 27,371.84. The 50-unit CNX Nifty rose 1.10 points or 0.01% to 8,225.20.
The S&P BSE Mid-Cap index fell 108.19 points or 1.07% to 10,000.41. The S&P BSE Small-Cap index fell 146.27 points or 1.32% to 10,922.21. Both these indices underperformed the Sensex.
Weekly market trend from December 15 - December 19:
December 15- Trading for the week kicked off on a negative note. After moving in a relatively narrow range during the trading session, key benchmark registered small losses on Monday. The S&P BSE Sensex declined 31.12 points or 0.11% to settle at 27,319.56. The CNX Nifty declined 4.50 points or 0.05% to settle at 8,219.60.
December 16- A further slide in global crude oil prices, a sharp rise in Russian interest rates and weakness in Asian stocks triggered by data showing a further slowdown in China's manufacturing sector sent key equity benchmark indices in India tumbling on Tuesday. November trade data showing weakness on India's external front also hit sentiment on the domestic bourses adversely. The S&P BSE Sensex fell 538.12 points or 1.97% to settle at 26,781.44. The CNX Nifty fell 152 points or 1.85% to settle at 8,067.60.
December 17- Prospects of higher interest rates in the United States and a further fall in global crude oil prices weighed on sentiment as key equity benchmark indices in India edged lower in volatile trade on Wednesday. The S&P BSE Sensex fell 71.31 points or 0.27% to settle at 26,710.13. The CNX Nifty fell 37.80 points or 0.47% to settle at 8,029.80.
December 18- Indian stocks surged in a broad based rally on Thursday, mirroring gains in global equity markets triggered by signals from the Federal Open Market Committee that the US central bank isn't in a hurry to raise interest rates in the United States. The S&P BSE Sensex rose 416.44  points or 1.56% to settle at 27,126.57. The CNX Nifty rose 129.50 points or 1.61% at 8,159.30.
December 19- Mirroring gains in global stocks, key equity benchmark indices edged higher on Friday. The S&P BSE Sensex rose 245.27 points or 0.9% to settle at 27,371.84. The CNX Nifty gained 65.90 points or 0.81% to settle at 8,225.20.
Global indices:
Majority of the Global Indices closed in the green terrain, barring Hang Seng which was down by 0.57%. Topmost Gainers: Shanghai Composite up 5.80%, FTSE100 up 3.88%, CAC40 up 3.23% and Dow Jones up 3.03%
 Sectoral and stock screening:
Top gainers: S&P BSE IT up 2.56%, S&P BSE TECk up 2.00% and S&P BSE Oil&Gas up 1.92%
Top losers: S&P BSE Realty down 5.78%, S&P BSE FMCG down 5.02% and S&P BSE HC fell 3.66%
| | Looking at the 'A' group stocks, the top three gainers of the week were - Gujarat Gas up by 16.43%, Gateway Distriparks up by 11.34% and JSW Energy up by 11.09%
Top three losers of the week were - PMC Finance down by 39.94%, Vakrangee down by 17.58% and Rajesh Exports down by 14.54%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs4034.93 crore 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 | 647.05 | 16.43 | | | Gateway Distriparks | 349.10 | 11.34 | | | | | | | PMC Fincorp | 105.35 | -39.94 | | | Vakrangee Software | 113.90 | -17.58 | | | Rajesh Exports | 138.45 | -14.54 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 15,415 | 4,994 | | | | | Net investment | -4,035 | 2,217 | | | | | | | | | Data as on December 18 2014 | | | | Market Outlook for the coming week!
In the coming week, the market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment, as the near month December 2014 derivatives contracts expire on Wednesday, 24 December 20014.
The stock market remains closed on Thursday, 25 December 2014, on account of Christmas.
All eyes are on the fate of key reform bills pending in parliament. The fate of several crucial bills hangs in a limbo due to several disruptions by the Opposition over the alleged forced conversion row in the Rajya Sabha.
In Europe, Greece's parliament holds a second vote on Tuesday, 23 December 2014, to choose a new president, with a two-thirds majority required for the election of Prime Minister Antonis Samaras's nominee, Stavros Dimas. Dimas failed to gain enough support in the first round of polls held on 16 December 2014. If the parliament fails to elect a new head of state in three attempts, snap elections will be called that the anti-austerity Syriza party is projected to win. | | | | 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 @ 3:14 AM  |
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