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weekly market: Markets register 4th weekly gain on rate cut hopes
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Wednesday, March 23, 2016 |
| | | Market Commentary | | | Markets register 4th weekly gain on rate cut hopes | | Indian markets registered fourth Weekly gain on rate cut hopes which lifted investor sentiments in a truncated trading Week. The Sensex and Nifty rose 1.54%-1.47% each for the week ended March 23, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Wednesday, March 23, 2016 where the key benchmark indices gained in a truncated trading week which ended on Wednesday, 23 March 2016 on expectations of a bigger rate cut of 50 basis points from the Reserve Bank of India (RBI) at its monetary policy review early next month.
Key indices gained in all the three sessions of the week.
The stock market remains shut on Thursday, 24 March 2016, on account of Holi and again on Friday, 25 March 2016, on account of Good Friday.
From the 30-share Sensex pack, 21 stocks rose, eight fell and one remained unchanged.
The BSE Mid-Cap index rose 2,17%. The BSE Small-Cap index gained 1.87%. Both these indices outperformed the Sensex.
The barometer index, the S&P BSE Sensex, rose 384.82 points or 1.54% to settle at 25,337.56. The 50-unit Nifty 50 index gained 112.15 points or 1.47% to settle at 7,716.50. Weekly market trend from March 21 - March 23, 2016
March 21 - Trading for the week started on a strong note. Expectations of a bigger rate cut of 50 basis points from the Reserve Bank of India (RBI) at its monetary policy review early next month triggered a strong upmove on the domestic bourses on Monday, 21 March 2016. The Sensex rose 332.63 points or 1.33% to settle at 25,285.37.
March 22 - Amid a divergent trend among various index constituents, key benchmark indices eked out small gains on Tuesday, 22 March 2016. The Sensex rose 45.12 points or 0.18% to settle at 25,330.49.
March 23 - Key benchmark indices closed with small gains after what was a volatile trading session. The Sensex gained 7.07 points or 0.03% to settle at 25,337.56.
 Global indices:
Global markets ended on a mixed note where Shanghai Comp surged 1.89%, Nikkei jumped 1.65%, Nasdaq surged 0.54% while CAC40 fell 0.68% and Hang Seng slipped 0.27%.
 Sectoral and stock screening:
Among the 13 sectors, S&P BSE Realty surged 4.29%, S&P BSE CG gained 3.71% and S&P BSE Auto rose 2.86%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Prestige Estates
up 18.44%, Just Dial rose 15.62% and Neyveli Lignite up 12.64%
Top three losers of the week were: Torrent Power down 10.32%, Finolex Industries fell 7.44% and Polaris was down 7.29%
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1480.07 crore as on March 21, 2016 and the domestic investors sold Indian shares worth a net of Rs335.00 crore as on March 18, 2016. | | TOP MOVERS (GROUP A) |  | | | | | | | | Prestige Estates | 165.10 | 18.44 | | | | | Neyveli Lignite | 74.85 | 12.64 | | | | | Torrent Power | 217.75 | -10.32 | | | Finolex Industries | 351.70 | -7.44 | | | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 4,830.00 | 779.3 | | | Gross sale | 3,349.93 | 1,114.30 | | | Net investment | 1,480.07 | -335.00 | | | | | | | | | *As on March 21, 2016
**As on March 18, 2016 | | | | Market Outlook for the coming week!
In the coming week, the Indian stocks may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month March 2016 series to April 2016 series.
The March 2016 derivatives contracts are set to expire on Thursday, 31 March 2016.
With the financial year drawing towards a close, fund managers are likely to provide support to prop up year-end net asset value (NAV) of their schemes as on 31 March 2016, the last day of the current financial year.
Aurobindo Pharma, Bharti Infratel, Eicher Motors and Tata Motors Ltd. (DVR) will hog limelight as these four stocks become a part of the Nifty 50 index with effect from Friday 1 April 2016. Tata Motors Ltd. (DVR) enters as an additional stock, making the Nifty index a basket of 51 stocks rather than 50 stocks from 1 April 2016. The three outgoing stocks from the Nifty are Cairn India, Punjab National Bank and Vedanta.
Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for March 2016 from Friday, 1 April 2016.
Meanwhile, infrastructure cess on cars and sports utility vehicles announced in the Union Budget 2016-17 on 29 February 2016 takes effect from 1 April 2016. The finance minister announced an infrastructure cess of 1% on small petrol, LPG, CNG cars, 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles and sports utility vehicles (SUVs) in the Budget.
Shares of cigarette major ITC will be in focus as an increase in excise duty on tobacco products in the Budget takes effect from 1 April 2016. The finance minister announced increase in excise duty by 10-15% on tobacco products, including cigarettes in the Budget.
Stocks of public sector oil marketing companies (PSU OMCs) will be in focus as a fuel price review is due on 31 March 2016. PSU OMCs undertake fuel price review twice during the month based on the trend in international oil market. The first price review takes place during the middle of the month and the second on the last day of the month.
Airline stocks will be in focus as a monthly review of jet fuel prices is due on 31 March 2016. PSU OMCs review jet fuel prices on the last day every month based on the average imported crude oil price for the month. Jet fuel prices are directly linked to crude oil price.
On the global front, Markit Economics will announce the Caixin China General Manufacturing PMI, the Nikkei Japan Manufacturing PMI, the Markit Eurozone Manufacturing PMI and the Markit US Manufacturing PMI for March 2016 on Friday, 1 April 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 @ 8:56 AM  |
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