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Weekly Market: Another week of gains; Markets rise 2%
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Friday, June 26, 2015 |
| | | Market Commentary | | | Another week of gains; Markets rise 2% | | The Indian markets advanced for the second consecutive week, with the Sensex up by 1.81% and the Nifty up by 1.89% for the week ended June 26, 2015. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for June 26, 2015 where key benchmark indices edged higher in the week ended Friday, June 26, 2015. The market gained in three out of five trading sessions of the week. The S&P BSE Mid-Cap index rose 1.89%, outperforming the Sensex while S&P BSE Small-Cap index gained 1.66%, underperforming the Sensex.
In this week, Indian markets rose, triggered by speculation that pick-up in sowing of Kharif crops, above-average monsoon rains during the initial part of the June-September southwest monsoon season, data showing higher water storage in reservoirs and a restrained increase in minimum support prices for Kharif crops announced by the government last week will improve the odds for further monetary policy easing from Reserve Bank of India (RBI).
The S&P BSE Sensex rose 495.67 points or 1.81% to settle at 27,811.84. The CNX Nifty gained 156.15 point or 1.89% to settle at 8,381.10.
Weekly market trend from June 22, 2015 - June 26, 2015:
June 22- Indian shares rose on Monday, marking their biggest daily gain in about 1-1/2 months as rate sensitive stocks advanced on hopes that improvement in monsoon may lead to an earlier-than-expected rate cut by the central bank. The S&P BSE Sensex and CNX Nifty ended 1.52%-1.56% higher each. The 30-share Sensex surged 414 points to end at 27,730 and the Nifty gained 128 points at 8,353
June 23- India's benchmark BSE index rose on Tuesday for an eighth consecutive session of gains, its longest winning streak in nearly five months, on renewed optimism over Greek debt talks, while state-run banks gained on hopes of capital infusion. The S&P BSE Sensex and CNX Nifty ended 0.27%-0.34% higher each. The 30-share Sensex ended the session at 27,804 levels, up by 74.16 points. The 50-share Nifty finished at 8,381 levels, up by 28 points.
June 24- India's benchmark BSE index fell on Wednesday, to snap an eight-day winning streak, its longest advance in nearly five months, tracking sharp declines in European shares after Greece said international lenders had rejected its latest proposals. The S&P BSE Sensex and CNX Nifty ended 0.27%-0.25% lower each. The 30-share Sensex ended lower by 74.70 points at 27,729.67 and the 50-share Nifty dipped 20.70 points at 8,360.85 after hitting an intra-day high of 8,421.35.
June 25- India's benchmark BSE index marked its highest close in a month on Thursday, as mortgage lenders such as Housing Development Finance Corp rose on hopes the government's push on housing would aid income. The S&P BSE Sensex and CNX Nifty ended 0.60%-0.44% higher each. The Sensex ended the session at 27,896, up by 166 points or 0.6% and the 50-share Nifty finished just below its 8,400 mark at 8,398 levels, up by 37 points or 0.4%.
 June 26- Indian shares edged lower on Friday as private lenders retreated after the central bank's stress tests showed a significant jump in bad loans for the sector, but indexes still posted a second consecutive week of gains. The S&P BSE Sensex and CNX Nifty ended 0.30%-0.20% lower each. The Sensex ended at 27,811, lower by 85 points or 0.3% and Nifty ended at 8,381, down 17 points.
Global indices:
Gainers: CAC 40 up by 4.70%, Dax 100 up 3.92%, Nikkei up 2.64% and FTSE 100 up 1.45%.
Losers: Shanghai Composite down 6.37%, Dow Jones down 0.70%, Hang Seng down 0.36% and Nasdaq down 0.9%.
 Sectoral and stock screening:
All the sectors ended in green. Topmost sectors: S&P BSE Realty up 6.50%, S&P BSE CD up 2.93%, S&P BSE CG up 2.83%, S&P BSE Bankex up 2.80% and S&P BSE Power up 1.92%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Indiabulls Real Estate up 29.73%, MMTC up 23.41% and Welspun Corp up 19.59%.
Top three losers of the week were: Sun TV Network down 13.04%, Bajaj Electricals down 7.61% and Trent down 6.62%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs557.78 crore whereas the domestic investors bought Indian shares worth a net of Rs1196.90 crore as on June 24, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Indiabulls Real Estate | 54.55 | 29.73% | | | | | Welspun Corp | 93.40 | 19.59% | | | | | Sun TV Network | 290.05 | -13.04% | | | Bajaj Electricals | 271.90 | -7.61% | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 11,199.34 | 3,174.40 | | | Gross sale | 10,641.56 | 1,977.50 | | | Net investment | 557.78 | 1,196.90 | | | | | | | | | *Data as on June 24, 2015 | | | | Market Outlook for the coming week!
In the coming week, the macroeconomic data, progress of monsoon rains, outcome of Eurogroup ministers' meeting to strike a debt deal with Greece, 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.
Asian stocks including Indian stocks will on Monday, 29 June 2015 react to the outcome of Eurogroup ministers meeting scheduled on Saturday, 27 June 2015 to strike a debt deal with Greece. The meeting is considered of decisive importance for a Greek solution since time was running out.
The results of private surveys providing indications of the strength of factory and services activity for the month of June 2015 will catch investors' attention in the coming week.
Markit Economics will announce on Wednesday, 1 July 2015, a reading of India's HSBC PMI index for June 2015, indicating health of India's manufacturing activity, for that month.
Markit Economics will unveil the result of a monthly survey on the performance of India's services sector for June 2015 on Friday, 3 July 2015.
The performance of monsoon rains will be closely watched. Strong showing by rains so far has eased food inflation concerns and raised bets that the Reserve Bank of India may cut interest rates.
Auto stocks will be in focus as auto companies will start reporting sales volume data for June 2015, starting from Wednesday, 1 July 2015.
Meanwhile, a fortnightly review of fuel prices from PSU OMCs is due in the near future. PSU OMCs review fuel prices during the middle of the month and on the last day of the month based on the average imported oil price in the preceding fortnight.
On global front, the US jobs data for the month of June 2015 will be released on Thursday, 2 July 2015. US stock markets remain closed on Friday, 3 July 2015. | | | | 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 @ 9:54 AM  |
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