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Weekly Market: Indices register minute gains for the Week
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Friday, August 7, 2015 |
| | | Market Commentary | | | Indices register minute gains for the Week | | Indian stock markets rose by 0.4% in the volatile week led by mixed cues in the domestic and global markets | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for August 07, 2015, Indian markets which closed with marginal gains owing to mixed cues. The market logged gains in three out of the fiver trading sessions of the week.
Key indices registered modest gains in what was a volatile trading week. Sentiment were upbeat as retirement fund manager Employees Provident Fund Organisation (EPFO) entered the stock market through exchange-traded funds (ETFs) from Thursday, 6 August 2015, four months after it decided to invest in equities.
The S&P BSE Mid-Cap index rose 284.50 points or 2.52% to settle at 11,557.52. The BSE Small-Cap index rose 273.67 points or 2.31% to settle at 12,104.47. Both these indices outperformed the Sensex.
The S&P BSE Sensex rose 121.83 points or 0.43% to settle at 28,236.39 last week. The 50-unit CNX Nifty rose 31.75 points or 0.37% to settle at 8,564.60.
Weekly market trend from August 03, 2015 - August 07, 2015:
August 03- Indian shares rose on Monday to mark their fourth consecutive session of gains, as lenders advanced on hopes of stable asset quality after ICICI Bank Ltd's positive outlook and a decrease in bad loans at some of the state-run banks. The S&P BSE Sensex and CNX Nifty ended 0.26%-0.12% higher each. The BSE Sensex ended at 28,187, higher by 72 points or 0.26% and the CNX Nifty was at 8,543, up 10 points.
August 04- Indian stocks ended their four-session winning streak on Tuesday, with IT stocks leading the decline as investors turned cautious after the central bank left key rates unchanged. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.31% lower each. The Sensex ended down 115 points at 28,072 levels and the Nifty closed 26 points lower at 8,517.
August 05- Indian shares rose on Wednesday, marking their highest close in nearly two weeks, led by gains in software exporters such as Infosys Ltd, as investors seeking bargains bought into beaten down stocks. The S&P BSE Sensex and CNX Nifty ended 0.54%-0.60% higher each. The Sensex surged 151 points to close 28,223 at and the Nifty soared 51 points to end at 8,568.
August 06- Indian shares rose for a second session on Thursday, closing at their highest level in two weeks, led by a rise in pharmaceutical stocks after positive comments from broker CLSA boosted investor sentiment. The S&P BSE Sensex and CNX Nifty ended 0.27%-0.24% higher each. The 30-share Sensex ended up 75 points at 28,298 and the 50-share Nifty ended up 21 points at 8,589.
August 07- Indian shares fell on Friday as weak results of industrial goods makers raised fresh  concerns over a much-anticipated recovery in India's investment cycle and earnings growth, while caution also prevailed ahead of U.S. jobs data due later in the day. The S&P BSE Sensex and CNX Nifty ended 0.22%-0.28% lower each. The Sensex ended at 28,564, lower by 62 points or 0.2% and the Nifty settled at 8,564, down 24 points.
Global indices:
In the week ended Only Dow Jones fell by 0.84% and Hang Seng fell by 0.34%. Top most gainers were: Dax100 up 2.89%, CAC40 up 2.25%, Shanghai Composite up 2.20% and FTSE up 0.84%.
 Sectoral and stock screening:
Majority of the sectors ended in green except S&P BSE Power down 0.02%. Top most Gainers: S&P BSE Realty up 3.59%, S&P BSE Auto up 3.44%, S&P BSE CD up 2.95%, S&P BSE HC up 2.78% and S&P BSE CG up 1.72%.
| | Looking at the 'A' group stocks, the top three gainers of the week were - Shipping Corporation of India up 19.40%, Cummins India up 18.83%, Torrent Power up 17.85%.
Top three losers of the week were - Gujarat Pipavav Port fell 9.04%, JSW Energy fell 8.65%, Alstom T&D fell 7.02%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1492.23 crore as on August 05, 2015 and the domestic investors sold Indian shares worth a net of Rs408.80 crore as on August 04, 2015. | | TOP MOVERS (GROUP A) |  | | | | | | | | Shipping Corporation | 77.25 | 19.40 | | | Cummins India | 1184.25 | 18.83 | | | Torrent Power | 172.30 | 17.85 | | | | | Gujarat Pipavav | 214.40 | -9.04 | | | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 15,247.37 | 1,841.20 | | | Gross sale | 13,755.14 | 2,250.00 | | | Net investment | 1,492.23 | -408.80 | | | | | | | | *Data as on August 05, 2015
**Data as on August 04, 2015 | | | | Market Outlook for the coming week!
In the coming week, quarterly corporate earnings, macroeconomic data, progress of monsoon rains, 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 macro economic announcements, the government is scheduled to unveil the consumer price index (CPI) data (rural, urban and combined) for the month of July 2015 at 17:30 IST on Wednesday, 12 July 2015.
India's Index of Industrial Production (IIP) data for the month of June is due on Wednesday, 12 July 2015.
The government will release the inflation data based on wholesale price index (WPI) for July 2015 at around 12:00 noon on Friday, 14 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.
On the political front, developments during the ongoing monsoon session of Parliament will be closely watched. The monsoon session of Parliament concludes on Thursday, 13 August 2015.
Among global events, Asian stocks including Indian markets will on Monday, 10 August 2015, react to the influential monthly US nonfarm payroll report for July 2015 due later in the global day on Friday, 7 August 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 @ 10:08 AM  |
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