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Weekly Market:Sensex, Nifty in 2016: 5 sessions, 5% gone
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Saturday, January 9, 2016 |
| | | Market Commentary | | | Sensex, Nifty in 2016: 5 sessions, 5% gone | | The Indian markets ended the first Week of New Year in the negative territory led by global setback and Chinese turmoil. The Sensex and Nifty tanked 4.68%-4.54% each for the week ended January 08, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, January 08, 2016 suspension of trading in mainland China twice during the week on 4 January and 7 January 2016 triggered by a 7% slide for the CSI 300 Index caused sharp drop in global stocks and Indian stocks were no exception.
Fresh geopolitical concerns over the Korean Peninsula also weighed on investors' sentiment in Asian markets after an announcement from North Korea that it had successfully conducted a hydrogen-bomb test.
The barometer index, the S&P BSE Sensex, skidded below the psychological 25,000 mark. The Sensex and the 50-unit Nifty 50 index fell in four out of five sessions of the week ended Friday, 8 January 2016.
For the 30-share Sensex pack, 28 stocks fell and only two rose in the week.
The BSE Mid-Cap index lost 2.25%. The BSE Small-Cap index fell 2.41%. The losses for both these indices were lower in percentage terms than those for the Sensex.
The Sensex slumped 1,226.57 points or 4.68% to settle at 24,934.33. The 50-unit Nifty 50 index tumbled 361.85 points or 4.54% to settle at 7,601.35. Weekly market trend from January 04 - January 08, 2015 Jan 04- Trading for the week began on a weak note. A sharp selloff and trading halt in stock markets in mainland China rattled global stocks on Monday, and Indian equity markets were no exception. The Sensex slumped 537.55 points or 2.05% to settle at 25,623.35 on that day.
Jan 05- Amid a divergent trend among various index constituents, key benchmark indices registered minuscule to small losses on Tuesday. The Sensex fell 43.01 points or 0.17% to settle at 25,580.34.
Jan 06- Metal stocks and index heavyweights ITC and L&T led losses for key benchmark indices on Wednesday, which fell on weak global cues. The Sensex fell 174.01 points or 0.68% to settle at 25,406.33.
Jan 07- As another China led selloff gripped global markets, Indian stocks witnessed a steep slide, with the barometer index, the S&P BSE Sensex, falling below the psychological 25,000 level on Thursday. The Sensex lost 554.50 points or 2.18% to settle at 24,851.83.
 Jan 08- Stocks from power and oil sector and private sector banks led gains as key benchmark indices snapped a 4-day losing streak on Friday. The Sensex rose 82.50 points or 0.33% to settle at 24,934.33. Global indices:
All the global markets ended in red where Shanghai Composite tanked 9.98%, Dax100 fell by 8.32% and Nasdaq fell by 7.26%.  Sectoral and stock screening:
All the sectors ended in red. The topmost losers were: S&P BSE Auto down 6.99%, S&P BSE CG fell 6.89%, S&P BSE Bankex down 5.55%, S&P BSE Metal fell 4.33% and S&P BSE HC down 3.94%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Torrent Power up 24.20%, Balrampur Chini Mills rose 14.43% and Monsanto up 12.60%.
Top three losers of the week were: IDBI down 13.13%, Tata Motors fell 12.00% and BoB was down 11.64%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs1877.61 crore and the domestic investors bought Indian shares worth a net of Rs297.50 crore as on January 07, 2015. | | TOP MOVERS (GROUP A) |  | | | | | | | | Torrent Power | 224.30 | 24.20% | | | Balrampur Chini Mills | 82.45 | 14.43% | | | | | | | | | Tata Motors | 353.45 | 12.00% | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 13637.74 | 4286.50 | | | Gross sale | 15515.35 | 3989.00 | | | Net investment | -1877.61 | 297.50 | | | | | | | | | Data as on January 07, 2016 | | | | Market Outlook for the coming week!
In the coming week, macroeconomic data, Q3 results of India Inc., trend in global markets, investment by 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.
The results season of India Inc. kickstarts from the next week. Among quarterly results of prominent companies scheduled for release next week, IndusInd Bank and TCS will announce their Q3 results on Tuesday, 12 January 2016. Infosys will announce Q3 results on Thursday, 14 January 2016. Hindustan Unilever, Zee Entertainment Enterprises are set to announce Q3 results on Friday, 15 January 2016. Kotak Mahindra Bank unveils Q3 results on Saturday, 16 January 2016.
On macro front, data on industrial production for November 2015 will be announced by the government after market hours on Tuesday, 12 January 2016.
The data on inflation based on the consumer price index (CPI) for December 2015, is due to be announced by the government after market hours on Tuesday, 12 January 2016.
The government will unveil the data on wholesale price index (WPI) for December 2015 on Thursday, 14 January 2016. The data is scheduled to be announced around 12 noon on that day.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
On global front, the Asian markets will on Monday, 11 January 2016, react to the influential monthly US nonfarm payrolls report for December 2015 which will be released on Friday, 8 January 2016. | | | | 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 @ 3:48 AM  |
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