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Weekly market-Virtually flat close to a volatile Week
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Saturday, June 18, 2016 |
| | | Market Commentary | | | Virtually flat close to a volatile Week | | Indian shares remained virtually unchanged for the Week as caution prevailed ahead of Brexit decision next week. The Sensex fell 0.03% for the week ended June 17, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, June 17, 2016 where the Key benchmark indices settled almost unchanged in a rangebound trade for the week ended June 17, 2016 as worries about a potential exit by the UK from the European Union in a referendum due next week and domestic data showing rise in wholesale and consumer price inflation offset reports indicating sooner than expected implementation of the Goods and Services Tax (GST), the biggest tax reform. The Bank of Japan and the US Federal Reserve deciding to keep interest rates unchanged also marred sentiment. The Sensex settled with small losses while the Nifty 50 index settled a tick higher for the week. The Sensex fell in three out of five sessions of the week. The S&P BSE Mid-Cap index declined 0.15%. The fall in this index was higher than the Sensex's decline in percentage terms. The BSE Small-Cap index rose 0.63%, outperforming the Sensex. The Sensex fell 9.84 points or 0.04% to settle at 26,625.91. The Nifty rose 0.15 points to settle at 8,170.20.
Weekly market trend from June 13 - June 17, 2016:
June 13- Trading for the week started on a subdued note. Weakness in global stocks and anemic domestic industrial production data for April 2016 triggered a slide on key benchmark indices on Monday. The Sensex lost 238.98 points or 0.9% to settle at 26,396.77.
June 14- Key benchmark indices settled a tad lower after hovering within a narrow range near the flat line throughout the session on Tuesday. The Sensex shed 1.06 points to settle at 26,395.71.
June 15- Positive global stocks and reports indicating sooner than expected implementation of the Goods and Services Tax (GST), the biggest tax reform helped key benchmark indices log strong gains on Wednesday. The Sensex gained 330.63 points or 1.25% to settle at 26,726.34.
June 16- Weak global cues triggered a fresh selling on the domestic bourses on Thursday. The Sensex lost 200.88 points or 0.75% to settle at 26,525.46.
 June 17- Key benchmark indices logged modest gains on last trading session of the week on positive global stocks on Friday. The Sensex rose 100.45 points or 0.38% to settle at 26,625.91.
Global indices:
Majority of the Global markets ended red barring Nasdaq which were up 1.24%. Top most losers were Nikkei down 6.03%, Hang Seng down 4.15%, Dax 100 down 2.34% and CAC 40 down 2.32%, Shanghai Composite down 1.42%.  Sectoral and stock screening:
Top most gainers were: S&P BSE Realty up 2.65%, S&P BSE PSU up 1.77%, S&P BSE FMCG up 1.26% and S&P BSE Metal up 0.82%
Top most losers were: S&P BSE Bankex down 0.90%, S&P BSE HC down 0.44%, S&P BSE down Auto 0.39%, and S&P BSE CG down 0.33%
| | Looking at the 'A' group stocks, the top three gainers of the week were: Dena Bank up 22.87%, Central Bank up 19.17%, Indian Bank up 17.89%.
Top three losers of the week were: IIFL Holdings down 9.58%, Bharti Infratel down 9.45% and Rajesh Exports 7.94%. FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs185.06 crore and the domestic investors bought Indian shares worth Rs322.90 crore as on June 15, 2016.
| | TOP MOVERS (GROUP A) |  | | | | | | | | | | Central Bank | 105.35 | 19.17 | | | | | | | IIFL Holdings | 207.55 | -9.58 | | | Bharti Infratel | 338.80 | -9.45 | | | Rajesh Exports | 451.30 | -7.94 | | | | | |
| FII/MF ACTIVITIES | | | | | | | Gross purchase | 10,048.39 | 2,449.10 | | | Gross sale | 9,863.33 | 2,126.20 | | | Net investment | 185.06 | 322.90 | | | | | | | | | Data as on June 15, 2016 | | | | Market Outlook for the coming week!
In the coming Week, macroeconomic data, outcome of referendum on Brexit from the European Union on June 23, 2016, progress of monsoon rains, 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. Mahanagar Gas is coming up with an initial public offer (IPO) of 2.46 crore shares through a 100% book building process. The IPO will open for subscription on June 21, 2016 and will close on June 23, 2016. The price band for the issue has been fixed at Rs380 to Rs421. The IPO includes offer for sale of upto 1.23 crore shares by GAIL (India) and upto 1.23 crore shares by BG Asia Pacific Holdings PTE Ltd (BGAPH). The company is promoted by GAIL India and BGAPH, each of who holds 45% of the company's equity shares. Mahanagar Gas is one of the largest city gas distribution (CGD) companies in India. | | | | 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 @ 3:31 AM  |
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Such a informative blog excellent work done thanks for sharing.SBI share price