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Weekly Market: Indices register 1% loss for the Week ahead of RBI policy
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Thursday, September 24, 2015 |
| | | Market Commentary | | | Indices register 1% loss for the Week ahead of RBI policy | | Indian markets wrapped up the week ended September 24, 2015 in the red zone led by weak global environment. The Sensex was down 1.36% and the Nifty fell 1.42%. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for September 24, 2015. On Tuesday, September 22, 2015 the key benchmark indices declined by 2%, as European stocks tumbled and as US index futures fell sharply after the scandal surrounding emissions-test cheating at Germany car major Volkswagen AG deepened.
The barometer index, the S&P BSE Sensex fell below the psychological 26,000 level. The Sensex and the 50-unit CNX Nifty declined in two trading sessions and registered gains in two sessions during the week ended Thursday, 24 September 2015.
S&P BSE Mid-Cap index fell 48.19 points or 0.45% to settle at 10,597.87 while S&P BSE Small-Cap index rose 138.08 points or 1.27% to settle at 10,942.14, outperforming the Sensex.
The Sensex declined 355.41 points or 1.35% to settle at 25,863.50. The Nifty dropped 113.40 points or 1.42% to settle at 7,868.50.
Weekly market trend from September 21 - September 25, 2015
September 21- Indian stocks traded marginally lower on Monday following weaker U.S. markets last week after the Federal Reserve's decision to keep interest rates steady at record lows sparked worries about global growth. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.06% lower each. The 30-share Sensex ended down 26 points at 26,193 after hitting a high/low of 26,233/25,973 and the 50-share Nifty ended down 5 points at 7,977 after touching a high/low of 7,988/7,908.
September 22- India's stock markets fell 2 percent on Tuesday, tracking a steep fall in European equities and as sentiment turned cautious ahead of the expiry of monthly derivatives contracts later this week. The S&P BSE Sensex and CNX Nifty ended 2.07% lower each. The 30-share Sensex closed lower by 541.14 points at 25,651.84 and the 50-share Nifty dipped 165.10 points at 7,812. The Nifty pierced the psychological 8,000 level in early trade. The Volatility index surged by almost 12% at 20.3450 levels
September 23- Indian stocks snapped a two-day losing streak to end slightly higher as investors bought beaten-down bank stocks, but capped gains ahead of the monthly derivatives contracts expiry on Thursday. The S&P BSE Sensex and CNX Nifty ended 0.67% and 0.43% higher each. The Sensex closed 171 points higher at 25,823 while Nifty gained 34 points to end at 7,846.
September 24- Indian shares ended slightly higher on Thursday as derivatives expiry, a long weekend and the central bank's credit policy meeting next week deterred investors from building large positions. The S&P BSE Sensex and CNX Nifty ended 0.16% and 0.29% higher each. The Sensex  closed up by 40 points at 25,863 and the Nifty gained 22 points to end at 7,868.
September 25- Indian stock markets will remain closed on Friday on account of Bakri Eid.
Global indices:
Majority of the Global indices were in red barring Shanghai Composite up 1.45%. Top most losers were: Hang Seng down 3.76%, Dax 100 down 3.06%, Nikkei down 2.76%, CAC 40 down 2.27% and Nasdaq down 1.54%.
 Sectoral and stock screening:
Among 13 Sectoral Indices Top Gainers were: S&P BSE CD up 3.19%, S&P BSE IT up 2.89%, S&P BSE Realty up 2.50%
Top Losers: S&P BSE Metal down 4.93%, S&P BSE CG down 3.45%, S&P BSE PSU down 2.12%
| | Looking at the 'A' group stocks, the top three gainers of the week were: IDBI up 24.20%, Rajesh Exports up 20.72% and Polaris Consulting & Services up 15.60%.
Top three losers of the week were: Sunrise Asian down 18.40%, Adani Ports & Special Economic Zone down 10.97% and Manappuram Finance down 9.98%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs519.42 crore as on September 22, 2015 and the domestic investors bought Indian shares worth a net of Rs85 crore as on September 21, 2015. | | TOP MOVERS (GROUP A) |  | | | | | | | | | | Rajesh Exports | 489.45 | 20.72 | | | Polaris Consulting & Services | 196.70 | 15.60 | | | | | Sunrise Asian | 93.60 | -18.40 | | | Adani Ports | 301.80 | -10.97 | | | Manappuram Finance | 22.55 | -9.98 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 7,784.49 | 723.80 | | | Gross sale | 8,303.91 | 638.80 | | | Net investment | -519.42 | 85.00 | | | | | | | | *Data as on September 22, 2015
**Data as on September 21, 2015 | | | | Market Outlook for the coming week!
In the coming week, 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 truncated trading week ahead.
Indian stock markets will remain closed on Friday, 2 October 2015, on account of Gandhi Jayanti.
Among key domestic events lined up for the week, the Reserve Bank of India's (RBI) fourth bi-monthly monetary policy review is scheduled on Tuesday, 29 September 2015.
Shares of automobile companies will be in focus as companies start announcing monthly sales volume data for September 2015 from Thursday, 1 October 2015.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due at the month end. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement.
Among macro-economic data, the Nikkei India Manufacturing PMI data for the month of September 2015 is due on Thursday, 1 October 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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