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weekly market: Markets post best weekly gain; Sensex, Nifty up over 6%
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Saturday, March 5, 2016 |
| | | Market Commentary | | | Markets post best weekly gain; Sensex, Nifty up over 6% | | Indian Markets posted a smart recovery in the week ended March 05, 2016. The S&P BSE Sensex gained 6.44%, while NSE Nifty rose 6.48% in the week. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, March 04, 2016, as key indices registered strong gains in the week ended Friday, 4 March 2016, as investors gave thumbs up to no adverse changes in long-term capital gains tax on sale of shares in the Budget, government's thrust on infrastructure sector and decision to stick to the fiscal deficit target for the next fiscal year. Indian markets edged higher in four out of five trading sessions during the week.
In the broader markets, the BSE Midcap index ended up 6.8% while the Smallcap index ended 7.7% higher.
In the week ended March 04, 2016, the 30-share S&P BSE Sensex gained 1,492.18 points or 6.44% to settle at 24,646.48, its highest closing level since February 01, 2016 while 50-unit CNX Nifty gained 455.60 points or 6.48% to settle at 7,485.35, its highest closing level since February 05, 2016.
Weekly market trend from February 29 - March 04, 2016
Feb 29: Indian shares fell on Monday in a volatile session, with energy companies such as ONGC slumping after the government unveiled a higher-than-expected tax in its budget for 2016/17, offsetting hopes for rate cuts that had lifted bonds and the rupee. The S&P BSE Sensex and CNX Nifty ended 0.66%-0.61% lower each.
Mar 01: Indian shares jumped on Tuesday to post their best single-day gain in seven years as gains throughout Asia and relief about the government's commitment to its fiscal deficit target for the next fiscal year boosted sentiment. The S&P BSE Sensex and CNX Nifty ended 3.38%-3.37% higher each.
Mar 02: The Sensex jumped on Wednesday to post its best two-day gain in almost seven years, led by banking stocks after the Reserve Bank of India (RBI) eased capital requirement rules, while other blue chips gained tracking a rally in Asian markets. The S&P BSE Sensex and CNX Nifty ended 1.95%-2.03% higher each.
Mar 03: India's BSE index jumped on Thursday to post its best three-day gain since September 2013, tracking a rally in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week. The S&P BSE Sensex and CNX Nifty ended 1.50%-1.45% higher each.
Mar 04: Indian shares edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week. The S&P BSE Sensex and CNX Nifty ended 0.16%-0.13% higher each. Global indices:
In this week Global markets ended in green. The topmost gainers were: Dax100 - 5.49%, Nikkei - 5.10%, Hang Seng - 4.20%, Shanghai Composite - 3.86% and CAC40 - 3.29%.  Sectoral and stock screening:
In the week gone all the sectors ended in green; The topmost gainers were: S&P BSE Bankex - 11.75%, S&P BSE Realty - 11.34%, S&P BSE Metal - 10.22%, S&P BSE CG - 7.27% and S&P BSE PSU 6.66%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Just Dial - 38.89%, Indian Bank - 28.83% and Jubilant Life Sciences - 24.91%.
Top three losers of the week were: United Spirits - 10.88%, Sunrise Asian - 9.18% and ONGC 6.51%. FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1804.66 crore as on March 03, 2016 and the domestic investors bought Indian shares worth a net of Rs962.50 crore as on March 03, 2016.
| | TOP MOVERS (GROUP A) |  | | | | | | | | | | | | Jubilant Life Sciences | 365.10 | 24.91 | | | | | United Spirits | 2,432.95 | -10.88 | | | Sunrise Asian | 33.65 | -9.18 | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 21,413.56 | 4,162.70 | | | Gross sale | 19,608.90 | 3,200.20 | | | Net investment | 1,804.66 | 962.50 | | | | | | | | | Data as on March 03, 2016 | | | | Market Outlook for 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 during the truncated trading week. The stock market will be closed on account of Mahashivratri holiday on Monday, March 07, 2016.
On macro front, the government will announce data on industrial production for January 2016 after market hours on Friday, March 11, 2016.
On the global front, Asian markets will on Monday, March 07, 2016 react to US nonfarm payroll data for February 2016 which is due on Friday, March 04, 2016.
On Thursday, March 10, 2016, the European Central Bank (ECB) Governing Council meets to review interest rates and stimulus programs. | | | | To know more about our products and services, click here. |  | Registered Office: 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/INF/INE231073330 ; MSEI: INB/INF261073333 / 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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