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Weekly market: Bad Week, Good Closing, Markets end with modest gains
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Friday, May 8, 2015 |
| | | Market Commentary | | | Bad Week, Good Closing, Markets end with modest gains | | Indian markets settled with marginal gains and remained in a narrow range throughout the week. The Sensex shut shop gaining 0.35% and Nifty was up by 0.12% for the week ended May 08, 2015. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for May 08, 2015. After seeing a 3-week continuous fall, Indian market at last closed the week in the green zone. The Indian markets remained in a consolidation mode this week and traded in a tight range. The key indices too traded in a narrow range throughout the week. Indian equities closed with small gains during the week ended May 08, 2015. The S&P BSE Sensex managed to settle above the psychological 27,000 level. The Sensex fell in three out of five trading sessions in the week.
The S&P BSE Mid-Cap index shed 180.08 points or 1.72% to settle at 10,236.21 while S&P BSE Small-Cap index fell 114.97 points or 1.05% to settle at 10,829.06. Both these indices underperformed the Sensex.
The S&P BSE Sensex rose 94.08 points or 0.35% to settle at 27,105.39. The 50-unit CNX Nifty rose 10 points or 0.12% to settle at 8,191.50.
Weekly market trend from May 04, 2015 - May 08, 2015:
May 04- Indian shares closed higher on Monday, with the NSE index posting its biggest daily gain in more than two months, as investors snapped up beaten down blue-chips after India's lower house of parliament approved the 2015/16 Finance Bill on Thursday. The S&P BSE Sensex and CNX Nifty ended 1.77-1.84% higher each. The 30-share Sensex ended 479 points higher at 27,491 and the 50-share Nifty surged 150 points to close at 8,332.
May 05- Indian shares edged lower in a choppy session on Tuesday, led by declines in domestic-oriented stocks on worries that the remaining January-March quarterly earnings may not meet market expectations while lower Asian stocks also weighed on sentiment. The S&P BSE Sensex and CNX Nifty ended 0.18-0.19% lower each. The 30-share Sensex ended down 50 points at 27,440 and the 50-share Nifty closed 7 points lower at 8,324.
May 06- Indian shares fell nearly 3 percent on Wednesday to their lowest close so far this year, hit by strong selling on algorithmic trading platforms, while continued offloading by foreign investors amid retrospective tax worries also weighed on sentiment. The S&P BSE Sensex and CNX Nifty ended 2.63-2.74% lower each. The Sensex ended at 26,717, lower by 722 points or 2.6% and the Nifty settled with losses of 227 points or 2.7% at 8,097. In fact, the Nifty ended below 8,100 for the first time since Dec 17, 2014.
May 07- India's BSE index fell for the third straight session on Thursday, closing at its lowest level in near 6-1/2 months on continued selling by foreign investors due to worries over retrospective taxes and a delay in land acquisition bill. The S&P BSE Sensex and CNX Nifty ended 0.44-0.49% lower each. The 30-share Sensex ended down 118.26 points at 26,599.11 mark, the lowest level since Oct 21, 2014. The 50-share Nifty was down 39.70 points at 8,057.30.
May 08- Indian shares surged more than 1.5% on Friday, snapping three days of fall, with the BSE index marking its best daily gain in four months after the country set up a panel to suggest ways to resolve a tax dispute with foreign investors. The S&P BSE Sensex and CNX Nifty ended 1.90-1.67%  higher each. The 30-share Sensex ended up 506 points at 27,105 and the 50-share Nifty closed up 134 points at 8,191.
Global indices:
All the Global Indices ended in red. Top most losers: Shanghai Composite fell 5.31%, Hang Seng fell 1.98%, CAC 40 fell 1.57%, FTSE 100 fell 1.42% and Nasdaq fell 1.02%.
 Sectoral and stock screening:
Among 13 Sectoral Indices: Top most Gainers: S&P BSE FMCG gained 1.88%, S&P BSE IT gained 1.62%, S&P BSE TECk gained 1.55%, S&P BSE Metal gained 1.55% and S&P BSE Realty gained 1.03%.
Top most Losers: S&P BSE CD down 4.02%, S&P BSE Bankex down 3.05%, S&P BSE Power down 3.02%, S&P BSE CG down 1.97% and S&P BSE PSU down 1.61%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Aditya Birla up 19.17%, Jubilant Life Sciences up 13.74% and Oberoi Realty up 12.81%.
Top three losers of the week were: BoB down 14.09%, GSPL down 9.86% and BoI down 9.69%. FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs2222.97 crore as on May 06, 2015 and the domestic investors bought Indian shares worth a net of Rs3401.1 crore as on April 29, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Aditya Birla Nuvo | 1,871.25 | 19.174 | | | Jubilant Life Sciences | 170.15 | 13.74 | | | Oberoi Realty | 305.10 | 12.81 | | | | | Bank of Baroda | 145.15 | -14.09 | | | | | Bank of India | 195.70 | -9.69 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 10072 | 5603 | | | | | Net investment | -2223 | 3401 | | | | | | | | * As on May 06, 2015
** As on Apr 29, 2015 | | | | Market Outlook for the coming week!
In the coming week, next batch of Q4 March 2015 results, macro-economic data and proceedings in parliament will dictate near term trend on the bourses. Trend in investment by foreign and domestic institutional investors will be keenly watched.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as they undertake a review of fuel prices during the middle of the month.
On the macro front, the government will unveil data on inflation based on the consumer price index (CPI) for April 2015 on May 12, 2015. On the same day, the Index of Industrial Production (IIP) data for March 2015 will also be released.
The government will unveil data on inflation based on the wholesale price index (WPI) for April 2015 on May 14, 2015.
On global front, Asian markets will on May 11, 2015, react to the influential monthly US nonfarm payrolls data. The US government will unveil nonfarm payrolls data for April 2015 on May 08, 2015. The payroll data may give clues to the likely timing of an anticipated rate increase by the US Federal Reserve.
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posted by Anonymous @ 11:57 AM  |
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