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Weekly Market: Flat end to a volatile Week; All eyes set on RBI policy
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Saturday, August 1, 2015 |
| | | Market Commentary | | | Flat end to a volatile Week; All eyes set on RBI policy | | Indian markets settled on a flat note and remained volatile week led by earnings season by major bluechips. The Sensex and Nifty shut shop rising 0.13% each for the week ended July 31, 2015. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for July 31, 2015 where key benchmark indices staged a strong rebound after witnessing a steep slide at the onset of the week. While the first trading session of the week saw a steep slide, the last trading session of the week witnessed a rally. The barometer index, the S&P BSE Sensex, ended almost unchanged in the week ended Friday, 31 July 2015.
The 50-unit CNX Nifty clocked small gains. Worries of meltdown in Chinese equities and fears that stock market regulator Securities and Exchange Board of India (Sebi) may tighten rules on Participatory Notes (PNs) triggered a selloff at the onset of the week.
The rally on the last trading session of the week materialized after the Department of Industrial Policy & Promotion (DIPP) issued a notification introducing composite caps for simplification of the foreign direct investment (FDI) policy for attracting foreign investments in the country.
The barometer index, the S&P BSE Sensex, regained the psychological 28,000 level after falling below mark. The Sensex gained in three out of five trading sessions in the week ended Friday, 31 July 2015.
The BSE Mid-Cap index rose 125.03 points or 1.12% to settle at 11,273.02. The BSE Small-Cap index rose 162.68 points or 1.39% to settle at 11,830.80. Both these indices outperformed the Sensex.
The S&P BSE Sensex rose 2.25 points to settle at 28,114.56. The 50-unit CNX Nifty rose 11.30 points or 0.13% to settle at 8,532.85. Broad market depicted strength.
Weekly market trend from July 27, 2015 - July 31, 2015:
July 27- A sharp setback in Chinese stocks and fears that the stock market regulator Securities and Exchange Board of India (Sebi) may tighten rules on Participatory Notes (PNs) in the wake of a report by a special investigations team on black money hit sentiment on the domestic bourses adversely on the first trading session of the week on Monday. The S&P BSE Sensex fell 550.93 points or 1.96% to settle at 27,561.38, its lowest closing level since 19 June 2015.
July 28- Auto, oil stocks and index heavyweight and housing finance major HDFC led losses for key benchmark indices on Tuesday. The S&P BSE Sensex fell 102.15 points or 0.37% to settle at 27,459.23, its lowest closing level since 19 June 2015.
July 29- IT stocks led gains for key benchmark indices on Wednesday. The S&P BSE Sensex rose 104.20 points or 0.38% to settle at 27,563.43, its highest closing level since 24 July 2015.
July 30- State-run banks and realty stocks led gains on the domestic bourses on Thursday. The S&P BSE Sensex rose 141.92 points or 0.51% to settle at 27,705.35, its highest closing level since 24 July 2015.
July 31- Shares of state-run banks and pharma stocks led rally as key benchmark surged on the last  trading session of the week on Friday. The S&P BSE Sensex rose 409.21 points or 1.48% to settle at 28,114.56, its highest closing level since 23 July 2015.
Global indices:
Global indices ended on a mixed note. Top Gainers: FTSE100 rose 1.77%, Nasdaq gained 0.78%, Dow Jones up 0.69%, CAC40 rose 0.50% and Nikkei gained 0.20%. Top losers: Shanghai Composite fell 10.00%, Hang Seng fell 1.96% and DAX100 fell 0.34%.
 Sectoral and stock screening:
Among 13 Sectoral Indices: Top Loser: S&P BSE Oil&Gas fell 2.49%, S&P BSE CD down 1.59% and S&P BSE Metal fell 1.18%. Top Gainers: S&P BSE FMCG up 3.11%, S&P BSE Realty rose 2.60%, S&P BSE HC was up 1.25%
| | Looking at the 'A' group stocks, the top three gainers of the week were: Jet Airways up 23.59%, Sun TV Network up 20.35% and Ceat up 16.87%
Top three losers of the week were: NMDC down 10.41%, JSW Energy down 9.50% and Syndicate Bank down 6.99%
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs2188.05 crore as on July 29, 2015 and the domestic investors bought Indian shares worth a net of Rs1220.50 crore as on July 28, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | | | Sun TV Network | 336.55 | 20.35 | | | | | | | | | | | Syndicate Bank | 95.10 | -6.99 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 12,473.09 | 2,647.10 | | | Gross sale | 14,661.14 | 1,426.60 | | | Net investment | -2,188.05 | 1,220.50 | | | | | | | | *Data as on July 29, 2015
**Data as on July 28, 2015 | | | | Market Outlook for the coming week!
In the coming week, macroeconomic data, progress of monsoon rains, quarterly corporate earnings, developments during the monsoon session of parliament, 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.
Among key domestic events lined up for the week, the Reserve Bank of India's (RBI) third bi-monthly monetary policy review is scheduled at 11:00 IST on Tuesday, 4 August 2015.
The near term major trigger for the market is June 2015 quarter corporate earnings. The focus will be on guidance from the company managements on outlook for the remaining part of the year and for the next year.
Shares of automobile companies will be in focus as companies start announcing monthly sales volume data for July 2015 from Saturday, 1 August 2015.
Shares of public sector oil marketing companies will on Monday, 3 August 2015, react to changes in fuel prices, if any, announced at end of July 2015.
On the political front, developments during the ongoing monsoon session of Parliament will be closely watched. The Union Cabinet on 29 July 2015, reportedly approved amendments to the Goods and Services Tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The monsoon session of Parliament concludes on 13 August 2015.
Among key domestic data, the Nikkei India Manufacturing PMI data for the month of July 2015 is due on Monday, 3 August 2015.
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posted by Anonymous @ 3:52 AM  |
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