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Weekly Market: Nifty falls 508 points this Week: Biggest Weekly loss since Oct 2008
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Friday, February 12, 2016 |
| | | Market Commentary | | | Nifty falls 508 points this Week: Biggest Weekly loss since Oct 2008 | | The Indian markets registered their biggest weekly fall in seven years on disappointing earnings and weak global markets that sentiment. The Sensex and Nifty fell 6.62%-6.79% each for the week ended February 12, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, February 12, 2016 where Indian equity markets registered sharp losses on weak global cues. Investors were spooked over the prospects of slowing global growth.
The barometer index, the S&P BSE Sensex, fell below the psychologically important 23,000 level and the 50-unit Nifty 50 index settled below the psychologically important 7,000 level. The Sensex and the Nifty declined in four out of five trading sessions in the week ended Friday, 12 February 2016.
Federal Reserve Chairwoman Janet Yellen's semiannual Monetary Policy Report to the Congress on Wednesday, 10 February 2016, where she kept options open for more interest rate hikes from the US central bank spooked investors' sentiment amid concerns that global financial market turbulence could hurt US growth.
The BSE Small-Cap index lost 8.39%. The losses for both these indices were higher in percentage terms than those for the Sensex.
The panic in the last four days saw the Sensex tanking over 1,600 points or 6.5 per cent to a 21-month low, giving way to value buying by investors.
The Sensex tumbled 1,630.85 points or 6.62% to settle at 22,986.12. The Nifty slumped 508.15 points or 6.78% to settle at 6,980.95. The broad market depicted weakness. The BSE Mid-Cap index shed 6.96%.
Please follow the below link to watch Market Wrap View - February 12, 2016
https://www.youtube.com/watch?v=9N6totQX61U&feature=youtu.be
Weekly market trend from February 08 - February 12, 2016
Feb 08: Indian shares fell more than 1% on Monday to post their biggest daily decline in 2-1/2 weeks as European shares were hit hard by persistent concerns about the pace of global economic growth. The S&P BSE Sensex and CNX Nifty ended 1.34%-1.36% lower each.
Feb 09: Indian shares fell more than 1% on Tuesday as software services exporters were hit hard after Cognizant Technology Solutions issued disappointing revenue guidance, while sentiment also remained weak after a global market sell-off. The S&P BSE Sensex and CNX Nifty ended 1.10%-1.21% lower each.
Feb 10: Indian stocks fell more than 1% for a third consecutive session on Wednesday, pushing indexes to their lowest since May 2014 as state-run lenders were hit hard by a slew of earnings that showed a spike in bad loans and provisions for sour debt. The S&P BSE Sensex and CNX Nifty ended 1.09%-1.13% lower each.
Feb 11: Indian stocks fell over 3% on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets worldwide. The S&P BSE Sensex and CNX Nifty ended 3.40%-3.32% lower each.
Feb 12: Indian shares were broadly unchanged on Friday as investors saw a four-day losing streak as overdone, but still headed for their biggest weekly fall since July 2009 after disappointing earnings and weak global markets hit sentiment. The S&P BSE Sensex and CNX Nifty ended 0.15-0.07% higher each.
 Feb 13: India's stock markets inched higher on Friday but posted their biggest weekly falls since July 2009 as disappointing corporate earnings and weak global markets hit sentiment. The S&P BSE Sensex and CNX Nifty ended 0.15%-0.07% higher each.
Global indices:
Most of the global markets ended in the red zone where Nikkei fell 11.10%, CAC40 fell 7.24%, DAX100 dropped 5.74% and FTSE100 fell 5.32%.
 Sectoral and stock screening:
All the 13 sectors ended deeply in the red zone. S&P BSE Realty was down 11.35%, S&P BSE CG fell 8.80% and S&P BSE PSU fell 8.64%
| | Looking at the 'A' group stocks, the top three gainers of the week were: Idea Cellular up 8.43%, Bharti Airtel rose 5.91% and Cholamandalum Finance up 5.88%
Top three losers of the week were: SCI down 30.45%, Wockhardt fell 27.26% and Just Dial was down 26.77%
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs1180.72 crore and the domestic investors bought Indian shares worth a net of Rs362.50 crore as on February 10, 2016.
| | TOP MOVERS (GROUP A) |  | | | | | | | | Idea Cellular | 110.00 | 8.43 | | | Bharti Airtel | 325.25 | 5.91 | | | Cholamandalum Finance | 725.00 | 5.88 | | | | | | | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 7,618.94 | 1,962.20 | | | Gross sale | 8,799.66 | 1,599.70 | | | Net investment | -1,180.72 | 362.50 | | | | | | | | | Data as on February 10, 2016 | | | | Market Outlook for the coming week!
In the coming week, macroeconomic data, 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 in the near term.
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.
Shares of Bank of Baroda, Jindal Steel & Power (JSPL), Jaiprakash Associates, Housing Development & Infrastructure and UCO Bank will on Monday, 15 February 2016, react to their Q3 December 2015 earnings scheduled to be released on February 13, 2016.
The stock market will on February 15, 2016, react to data on consumer price inflation (CPI) for January 2016 and industrial production data (IIP) for the month of December 2015.
Data on inflation based on the wholesale price index (WPI) for January 2016 is due to be released by the government on Monday, February 15,2016.
The next major trigger for the market is Union Budget 2016-17, which will be unveiled in the Parliament by the finance minister Arun Jaitley on February 29, 2016. Investors want to see if the government is able to keep spending on areas such as building rural roads, houses and other infrastructure, without letting its fiscal deficit targets slip.
The Budget session of parliament will begin on February 23, 2016 and will continue till May 13, 2016 with recess from March 17, 2016 to April 24, 2016. The presentation of Railway Budget will be on February 25, 2016, to be followed by the finance ministry's Economic Survey on February 26, 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 @ 7:19 AM  |
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