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Weekly Market: Indian markets stage a strong rally on global support
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Saturday, December 19, 2015 |
| | | Market Commentary | | | Indian markets stage a strong rally on global support | | Indian benchmarks book sharp rally on Mint Street on positive global cues. The Sensex rose 1.90% while the Nifty rose 1.99% for the week ended December 18, 2015. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, December 18, 2015:
Key Indices registered strong gains for the week ended December 18, 2015, by positive global cues. Most of the gains were registered during the week aided by a rally
in global markets on December 17, 2015, after the US Federal Reserve hiked interest rates by 25 basis points citing confidence in the world's largest economy. The
Markets posted gains in four out of five sessions last week.
The BSE Mid-Cap index rose 3.24%. The BSE Small-Cap index rose 2.84%. Both these indices outperformed the Sensex.
The Sensex surged 474.79 points or 1.89% to settle at 25,519.22. The gains for the Nifty were higher in percentage terms than those for the Sensex. The Nifty rose 151.50 points or 1.99% to settle at 7,761.95.
Weekly market trend from December 14 - December 18, 2015
December 14: Indian shares ended higher on Monday after touching a more than three-month low earlier in the session as private banks recovered from recent losses, but
sentiment was muted ahead of the U.S. Federal Reserve meeting later this week. The S&P BSE Sensex and CNX Nifty rose 0.42%-0.52% each.
December 15: Indian shares rose on Tuesday led by gains in oil explorers such as Reliance Industries, tracking a rise in crude oil prices after a slump to near 11-year lows in
the previous session triggered investors' buying appetite. The S&P BSE Sensex and CNX Nifty rose 0.68%-0.66% each.
December 16: Telecom and oil sector stocks led gains as key benchmark indices edged higher for the third straight trading session. The Sensex rose 173.93 points or 0.69%
to settle at 25,494.37 on that day, its highest closing level since 7 December 2015.
December 17: India's stock markets marked their biggest single-day gain on Thursday in about a month after the U.S. Federal Reserve raised interest rates for the first time
 in nearly a decade and signalled its tightening cycle would be "gradual." The S&P BSE Sensex and CNX Nifty rose 1.21% each.
December 18: Indian stock markets fell on Friday after the government cut its growth forecast, but indexes recorded their biggest weekly gains in more than two months
after the US Federal Reserve raised interest rates without any disruptions to global markets. The S&P BSE Sensex and CNX Nifty ended 1.10% and 1.05% lower each.
Global indices:
Topmost Gainers: Shanghai Comp 4.20%, Dax100 up 2.59% and CAC40 up 1.67%. Topmost Losers: Nikkei down 1.25%, Dow Jones down 0.79% and Nasdaq down 0.21%.
 Sectoral and stock screening:
All the sectors ended in green. The topmost gainers were: S&P BSE Metal up 4.07%, S&P BSE Power up 3.39%, S&P BSE Realty up 3.06%, S&P BSE PSU up 2.59% and S&P BSE HC up 2.36%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Pipavav Defence & Offshore Engineering Company up 19.83%, BEML up 18.19% and TV18 Broadcast up 14.84%.
Top three losers of the week were: Sadbhav Engineering down 5.32%, Future Retail down 3.93% and Nestle down 3.70%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs249.93 crore as on December 17, 2015 and the domestic investors bought Indian shares worth a net of Rs71.50 crore as on December 14, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Pipavav Defence | 79.45 | 19.83% | | | | | TV18 Broadcast | 42.95 | 14.84% | | | | | Sadbhav Engineering | 324.15 | 5.32% | | | Future Retail | 145.60 | 3.93% | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 12,887.05 | 557.30 | | | Gross sale | 12,637.12 | 485.80 | | | Net investment | 249.93 | 71.50 | | | | | | | | *As on December 17, 2015
**As on December 14, 2015 | | | | Market Outlook for 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 holiday shortened week ahead. India's stock markets will remain closed on Friday, December 25, 2015, on account of Christmas.
Adani Ports and Special Economic Zone (APSEZ) and Asian Paints will replace Vedanta and Hindalco Industries from the 30-share S&P BSE Sensex with effect from Monday, December 21, 2015.
On the political front, developments in winter session of the parliament will be closely watched. The winter session of the parliament concludes on Wednesday, December 23, 2015. Investors' focus is on whether the Goods and Services Tax (GST) constitutional amendment bill will be passed in the Rajya Sabha. The constitutional amendment bill for the implementation of GST, which subsumes all indirect taxes to create a unified market across the country, has been cleared by the Lok Sabha and is awaiting legislative passage in the Rajya Sabha. A constitutional amendment bill requires a majority of two thirds in the house for its passage. The BJP-led NDA has a comfortable majority in Lok Sabha, but lags in numbers in the Rajya Sabha. | | | | 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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