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Weekly Market: Indices add marginal gains ahead of Budget Week
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Saturday, February 21, 2015 |
| | | Market Commentary | | | Indices add marginal gains ahead of Budget Week | | Indian stock markets closed the week on a slightly higher note led by support from domestic cues, however global markets added pressure. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, February 20, 2015 where key benchmark indices edged higher in a truncated trading week as strong buying of Indian stocks by foreign portfolio investors (FPIs) supported domestic bourses.
However, uncertainty over Greece's future in the eurozone kept gains under check. The market rose in three out of four sessions in the week ended Friday, 20 February 2015.
The BSE Mid-Cap index rose 0.88% and the BSE Small-Cap index gained 1.66%. Both these indices outperformed the Sensex.
The S&P BSE Sensex rose 136.48 points or 0.46% to settle at 29231.41. The 50-unit CNX Nifty gained 28.10 points or 0.31% to settle at 8833.60.
Weekly market trend from February 16 - February 20:
Feb 16- Trading for the week started on a positive note. Amid a divergent trend among index heavyweight stocks, key benchmark indices registered small gains on Monday. The S&P BSE Sensex rose 40.95 points or 0.14% to settle at 29,135.88 on that day, its highest closing level since 30 January 2015.
Feb 17- The stock market remained closed on Tuesday, on account of Mahashivratri.
Feb 18- Cement and power generation stocks led gains as key benchmark indices edged higher on positive cues from global markets on Wednesday. The S&P BSE Sensex rose 184.38 points or 0.63% to settle at 29,320.26 on that day, its highest closing level since 29 January 2015.
Feb 19- A strong rebound during the latter part of the trading session took key benchmark into the green from red in what a choppy trading session on Thursday. The S&P BSE Sensex rose 142.01 points or 0.48% to settle at 29,462.27 on that day, its highest closing level since 29 January 2015.
 Feb 20- Amid uncertainty over Greece's future in the eurozone, key equity benchmark indices in India edged lower on the last trading session of the week on Friday. The S&P BSE Sensex fell 246.19 points or 0.84% to 29,216.08.
Global indices:
All the Global markets ended in Green. Topmost Gainers were: Nikkei up 2.34%, CAC 40 up 1.50%, Shanghai Composite up 1.34%, Nasdaq up 1.27% and Dax 100 up 0.80%.
 Sectoral and stock screening:
Among 13 sectors only three sectors ended in red. Gainers: S&P BSE Power up 2.93%, S&P BSE CG up 2.68%, S&P BSE Metal up 2.65%. Losers: S&P BSE Oil&Gas down 3.01%, S&P BSE Bankex down 1.50% and S&P BSE HC down 0.31%.
| | Looking at the 'A' group stocks, the top three gainers of the week were - JSPL up 27.61%, Pipavav Defence up 27.57% and IDBI up 13.13%.
Top three losers of the week were - CESC down 12.21%, Balkrishna Industries down 7.97% and Kajaria Ceramics 7.44%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs3956.21 crore and the domestic investors bought Indian shares worth a net of Rs221.5 crore as on February 17, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Jindal Steel & Power | 193.90 | 27.61 | | | Pipavav Defence | 83.30 | 27.57 | | | | | | | | | Balkrishna Industries | 652.10 | -7.97 | | | Kajaria Ceramics | 747.35 | -7.44 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 15,319 | 2,226 | | | | | | | | | | | | | Data as on February 17, 2015 | | | | Market Outlook for the coming week!
In the coming week, Industry expectations ahead of Union Budget 2015-16, Railway Budget 2015-16, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and crude oil price movement will dictate trend on the bourses.
The budget session of Parliament will commence on Monday, 23 February 2015 and concludes on 8 May 2015 with a month-long recess in between. The first part of the session will continue till 20 March 2015 while the second part will start after a month-long recess, from 20 April 2015.
The market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month February 2015 series to March 2015 series. The near month February 2015 derivatives contract expire on Thursday, 26 February 2015.
The Railway Budget 2015-16 will be tabled in the parliament by the rail minister Suresh Prabhu on Thursday, 26 February 2015. The Economic Survey will be tabled on Friday, 27 February 2015.
The next major event for the financial markets is Union Budget for 2015-16. Finance Minister Arun Jaitley will present Union Budget 2015-16 in Parliament on Saturday, 28 February 2015.
The upcoming Budget session of the parliament assumes utmost importance as the government intends to replace the ordinances it had promulgated after the conclusion of the winter session of the parliament with Bills and get them cleared by both Houses of Parliament during the budget session.
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. | | | | 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. Sharekhan Ltd.: SEBI Regn. Nos. BSE - INB/INF011073351 ; BSE- CD ; 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.
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