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Weekly Market:Eventful Week ends with marginal gains
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Saturday, March 7, 2015 |
| | | Market Commentary | | | Eventful Week ends with marginal gains | | Indian stock markets closed the week on a slightly higher note led by support from domestic cues, however global markets added pressure.
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 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Saturday, March 07, 2015 where key benchmark indices edged higher in the truncated trading week ended Thursday, 5 March 2015. The market logged gains in three out of the four trading sessions of the week.
The barometer index, the S&P BSE Sensex scaled record high above the psychological 30,000 mark and the 50-unit CNX Nifty also scaled record high above the psychological 9,000 mark on Wednesday, 4 March 2015 after the Reserve Bank of India (RBI) surprised financial markets by announcing a reduction in its benchmark lending rate viz. the repo rate by 25 basis points in an unscheduled monetary policy review.
However, the Sensex and Nifty failed to maintain these psychological levels. The BSE Small-Cap and the BSE Mid-Cap indices outperformed the Sensex
In the week ended Thursday, 5 March 2015, the 30-share S&P BSE Sensex rose 87.45 points or 0.3% to settle at 29,448.95. The Sensex scaled a record high of 30,024.74 in intraday day trade on Wednesday, 4 March 2015. The 50-unit CNX Nifty rose 35.90 points or 0.4% to settle at 8,937.75. The Nifty scaled a record high of 9,119.20 in intraday day trade on Wednesday, 4 March 2015.
The S&P BSE Mid-Cap index advanced 234.23 points or 2.17% to settle at 11,045.08. The S&P BSE Small-Cap index gained 190.41 points or 1.69% to settle at 11,456.85. Both these indices outperformed the Sensex.
Weekly market trend from March 02 - March 06:
March 02- Cement, construction and capital goods led gains for key benchmark indices on Monday, after the government provided a thrust on the infrastructure sector and sharply increased the government's capital expenditure for 2015-16 in Union Budget 2015-16 tabled by Finance Minister Arun Jaitley in parliament on Saturday, 28 February 2015. The S&P BSE Sensex gained 97.64 or 0.33% to settle at 29,459.14, its highest closing level since 19 February 2015.
March 03- Gains in IT stocks and index heavyweights Reliance Industries and HDFC led rally as 50-unit CNX Nifty hit record high above the psychological 9,000 level on Tuesday. The S&P BSE Sensex rose 134.59 points or 0.46% to settle at 29,593.73, its highest closing level since 29 January 2015.
March 04- An initial rally triggered by Reserve Bank of India's (RBI) surprise announcement of a cut in the repo rate could not be sustained as weakness during the latter part of the trading session pushed key benchmark indices lower on Wednesday. The S&P BSE Sensex fell 213 points or 0.72% to settle at 29,380.73, its lowest closing level since 28 February 2015.
March 05- Amid divergent trend among various index constituents, key benchmark indices  registered small gains in a highly volatile trade on Thursday. The S&P BSE Sensex advanced 68.22 points or 0.23% to settle at 29,448.95, its highest closing level since 3 March 2015.
March 06- India's financial markets remain closed on Friday, on account of Holi.
Global indices:
Global markets ended on a mixed note. Topmost Gainers were: DAX100 up 1.31%, Nikkei up 0.92%, CAC 40 up 0.26%. Top Losers were Hang Seng down 2.66%, Shanghai Composite fell 2.09% and Dow Jones was down 1.52%.
 Sectoral and stock screening:
Among 13 sectors six sectors ended in the red zone. Gainers: S&P BSE Metal up 5.24%, S&P BSE Realty up 1.50%, S&P BSE CD up 1.47%. Losers: S&P BSE HC down 6.69%, S&P BSE CG down 2.80% and S&P BSE Oil&Gas down 0.94%
| | Looking at the 'A' group stocks, the top three gainers of the week were - Tata Elxsi up 28.97%, PMC Fincorp up 21.30% and Eclerx Services up 18.79%.
Top three losers of the week were - NMDC down 8.58%, Future Retail down 8.32% and Muthoot Finance down 7.99%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs4119.16 crore and the domestic investors bought Indian shares worth a net of Rs988.5 crore as on March 04, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | | | | | eClerx Service | 1572.75 | 18.79 | | | | | | | Future Retail | 104.15 | -8.32 | | | Muthoot Finance | 218.85 | -7.99 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 20,209.90 | 3,434.80 | | | Gross sale | 16,090.74 | 2,446.30 | | | Net investment | 4,119.16 | 988.50 | | | | | | | | | Data as on March 04, 2015 | | | | Market Outlook for the coming week!
In the coming week, macro economic data, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, crude oil price movement and developments in the ongoing budget session of Parliament will dictate trend on the bourses.
Asian stocks will on Monday, 9 March 2015 react to US nonfarm payroll data for February 2015 which the US government will announce on Friday, 6 March 2015.
The government will unveil industrial production data for January 2015 on Thursday, 12 March 2015. The government will release the combined consumer price index (CPI) data (rural/urban) for February 2015 on the same day.
Developments in the ongoing budget session of Parliament will be closely watched. The budget session commenced on 23 February 2015 and concludes on 8 May 2015. 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 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.
Bidding for the initial Public offer (IPO) of Adlabs Entertainment, which owns and operates Imagica, a theme park located at Khopoli, between Mumbai and Pune, opens on 10 March 2015 and closes on 12 March 2015. The price band has been fixed at Rs221 to Rs230 per share. | | | | 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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posted by Anonymous @ 3:21 AM  |
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