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Markets rise 1% this week; Sensex reclaims 26,000 level
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Monday, January 4, 2016 |
| | | Market Commentary | | | Markets rise 1% this week; Sensex reclaims 26,000 level | | The Indian markets stood positive for the third consecutive week. The Sensex and Nifty rose by 1% for the week ended January 01, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, January 01, 2016:
Key Indices registered strong gains for the week ended January 01, 2016 by postive sectoral indices. Most of the gains were registered during the week aided by a rally.
Markets posted gains in four out of five sessions last week.
The barometer index, the S&P BSE Sensex, and the 50-unit Nifty 50 index registered modest gains during two trading sessions on December 28, 2015 and December 31, 2015. The Sensex reclaimed its pychologically important 26,000 level.
The broad market depicted strength. The BSE Mid-Cap index rose 2.06%. The BSE Small-Cap index rose 1.79%. Both these indices outperformed the Sensex.
The Sensex rose 322.19 points or 1.25% to settle at 26,160.90. The Nifty rose 102.15 points or 1.29% to settle at 7,963.20.
Weekly market trend from December 28 - January 01, 2015
Dec 28- Stocks of pharmaceutical companies and private sector banks led gains as key benchmark indices edged higher on the first trading session of the week on Monday, with the barometer index, the S&P BSE Sensex, surpassing the psychologically important 26,000 level. The Sensex rose 195.42 points or 0.76% to settle at 26,034.13, its highest closing level since 2 December 2015.
Dec 29- A divergent trend was witnessed among various index constituents, with the two key benchmark indices registering minuscule to small gains on Tuesday. The Sensex rose 45.35 points or 0.17% to settle at 26,079.48, its highest closing level since 2 December 2015.
Dec 30- Losses in IT stocks and index heavyweight Reliance Industries (RIL) led decline for key benchmark indices on Wednesday. The Sensex fell 119.45 points or 0.46% to settle at 25,960.03, its lowest closing level since 24 December 2015.
Dec 31- Trading for the calendar year 2015 closed on a positive note as key benchmark indices settled with decent gains amid intraday volatility on Thursday. The Sensex rose 157.51 points or 0.61% to settle at 26,117.54, its highest closing level since 2 December 2015.
Jan 01- Trading for the calendar year 2016 began on a positive note as key benchmark indices  settled slightly higher after a volatile session of trade on Friday. The Sensex rose 43.36 points or 0.17% to settle at 26,160.90, its highest closing level since 1 December 2015.
Global indices:
Majority of Global markets ended in red barring Nikkei up by 1.30% and Dax100 up by 0.14%. The topmost losers were: Shanghai Composite fell by 2.03%, Hang Seng fell by 1.01% and Nasdaq fell by 0.81%.
 Sectoral and stock screening:
All the sectors ended in green. The topmost gainers were: S&P BSE Realty up 2.92%, S&P BSE Power up 2.66%, S&P BSE Auto up 2.34%, S&P BSE PSU up 1.72% and S&P BSE Oil & Gas up 1.54%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: SREI Infrastructure 19.33%, Jet Airways 24.87% and Reliance Infrastructure 19.96%.
Top three losers of the week were: Thermax 5.52%, GSK Consumer Healthcare 5.14% and JSW Steel 3.34%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs634.34 crore as on December 30, 2015 and the domestic investors bought Indian shares worth a net of Rs1170.70 crore as on December 29, 2015.
| | TOP MOVERS (GROUP A) |  | | | | | | | | | | | | Reliance Infra | 591.45 | 19.96 | | | | | | | GSK Consumer | 6,361.60 | -5.14 | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 7,086.93 | 3,063.70 | | | Gross sale | 6,452.59 | 1,893.00 | | | Net investment | 634.34 | 1,170.70 | | | | | | | | *Data as on December 30, 2015
**Data as on December 29, 2015 | | | | Market Outlook for the coming week!
In the coming week, macroeconomic data, trend in global markets, trend in investment activity from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term.
On Monday, 4 January 2016, Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for December 2015.
On Wednesday, 6 January 2016, Markit Economics will unveil the outcome of a monthly survey on India's services sector for December 2015.
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