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Weekly market: Volatile Week; Steady close: Heavies lead the way
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Saturday, May 16, 2015 |
| | | Market Commentary | | | Volatile Week; Steady close: Heavies lead the way | | Indian markets settled with marginal gains and remained volatile throughout the week. The Sensex and Nifty shut shop gaining 0.8% for the week ended May 15, 2015. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for May 15, 2015 where key benchmark indices edged higher amid wild gyrations witnessed throughout the week as market sentiment was boosted on expectations of cut in policy rates by the Reserve Bank of India in its next monetary policy review scheduled on 2 June 2015, after the latest government data showed inflation based on consumer price index (CPI) eased to a four-month low in April. Key indices gained in three out of five sessions of the week.
The BSE Mid-Cap index rose 3.2%. The BSE Small-Cap index gained 1.95%. Both these indices outperformed the Sensex.
The S&P BSE Sensex rose 218.61 points or 0.8% to settle at 27,324. The 50-unit CNX Nifty gained 70.85 points or 0.86% to settle at 8,262.35.
Weekly market trend from May 11, 2015 - May 15, 2015:
May 11- India's BSE index rose on Monday, marking its highest close in over two weeks as lenders surged on hopes that upcoming inflation and factory data, and China's latest round of monetary easing may prompt the central bank to ease its policy for the third time this year. The S&P BSE Sensex and CNX Nifty ended 1.48-1.63% higher each. The Sensex ended at 27,507, higher by 401 points and the Nifty ended above the crucial 8,300 mark at 8,325, up 133 points.
May 12- Indian shares fell on Tuesday, giving up most of their gains made in the previous two sessions, as stocks across the board declined on worries that key land acquisition and tax reforms would be delayed further. The S&P BSE Sensex and CNX Nifty ended 2.29-2.38% lower each. The 30-share Sensex closed down 630 points at 26,877 and the 50-share Nifty ended down 198 points at 8,127.
May 13- Indian shares rose more than 1% on Wednesday in a volatile session, led by gains in financial stocks after soft inflation and industrial output data stoked hopes of an interest rate cut. The S&P BSE Sensex and CNX Nifty ended 1.39-1.34% higher each. The 30-share Sensex ended 373.62 points higher at 27,251.10 and the 50-share Nifty gained 108.50 points at 8,235.45.
May 14- Indian shares edged lower on Thursday, dragged down by losses in blue chips on rising bond yields in Europe, while export-oriented stocks dropped as the rupee rose above the key 64 level on inflows ahead of disinvestments in key companies. The S&P BSE Sensex and CNX Nifty ended 0.17-0.14% lower each. The Sensex ended at 27,206, lower by 45 points and the Nifty settled at 8,224, down 11 points.
May 15- Indian shares rose on Friday, marking their second weekly gain, led by lenders such as  State Bank of India after the government defended its reforms approach and on continued hopes the central bank would lower interest rates in June. The S&P BSE Sensex and CNX Nifty ended 0.43-0.46% higher each. The 30-share Sensex gained 118 points to end at 27,394 and the 50-share Nifty climbed 38 points to finish at 8,262.
Global indices:
All the global markets closed in green. The topmost gainers are: Shanghai Composite up by 2.44%, Nikkei up by 1.83% and Hang Seng up by up 0.89%. The topmost losers are: Dax100 down 2.24%, CAC40 down 1.90%, FTSE100 down 1.26%.
 Sectoral and stock screening:
Looking towards Sectoral Indices in this week. Top most Gainers were: S&P BSE Auto up 3.85%, S&P BSE Bankex up 2.57% and S&P BSE PSU up 2.30%. Top most Losers were: S&P BSE Realty down 3.03%, S&P BSE Metal down 0.69%, S&P BSE TECk down 0.10%.
| | Looking at the 'A' group stocks, the top three gainers of the week were - Union Bank of India up 22.98%, Jubilant Foodworks up 22.17% and Eicher Motors up 18.48%.
Top three losers of the week were - HDIL fell by 7.12%, Unitech fell by 6.20% and Suzlon Energy fell by 5.25%. FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs1104.07 crore as on May 16, 2015 and the domestic investors bought Indian shares worth a net of Rs201.70 crore as on May 12, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Union Bank of India | 164.85 | 22.98 | | | Jubilant Foodworks | 1,747.90 | 22.17 | | | Eicher Motors | 18,707.00 | 18.48 | | | | | | | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 14,677 | 1,805 | | | | | Net investment | -1,104 | 202 | | | | | | | | * As on May 16, 2015
* As on May 12, 2015 | | | | Market Outlook for the coming week!
In the coming week, the next batch of quarterly earnings of India Inc., macroeconomic data, 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 in the coming week.
Investors will closely watch for any major announcements during Prime Minister Narendra Modi's ongoing three nation official visit to China, Mongolia and Republic of Korea.
On global front, Markit Economics will announce on Thursday, 21 May 2015, a preliminary reading of HSBC PMI indices for China, US and Japan for May 2015, indicating health of respective region's manufacturing activity. Flash composite PMI indices for France, Germany and the euro zone for May 2015, will also be announced on that day. | | | | 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 @ 1:34 AM  |
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