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Weekly market: Indices register 1% gain in truncated week
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Friday, April 22, 2016 |
| | | Market Commentary | | | Indices register 1% gain in truncated week | | Indian stock markets rose nearly 1% in the holiday shortened week. The Sensex surged 0.82% and the Nifty gained 0.62%. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, April 22, 2016, where Key indices ended higher in shortened trading week, building on strong gains registered during the last week on hopes that Reserve Bank of India may further cut policy rates if the monsoon is good and inflation continues on a downward path. In the last week, the weather office predicted good rains during the June-September 2016 southwest season. The Sensex gained in three out of four sessions. Stock market were closed on April 19, 2016, on account of Mahavir Jayanti.
The BSE Mid-Cap index rose 0.93%. The BSE Small-Cap index gained 1.24%. Both these indices outperformed the Sensex.
The S&P BSE Sensex, rose 211.39 points or 0.82% to settle at 25,838.14 in the week while Nifty rose 48.85 points or 0.62% to settle at 7,899.30.
Weekly market trend from April 18 - April 22, 2016:
April 18- Indian shares rose for a fourth consecutive session on Monday as investors cheered software services firm Infosys' upbeat revenue forecast and its third successive estimate-beating earnings on new client wins. The S&P BSE Sensex CNX Nifty rose 0.74%-0.82% each. The BSE SENSEX closed trading at 25816.36, up by 189.61 points, or by 0.74 per cent, and the NSE Nifty ended at 7914.7, up by 64.25 points, or by 0.82 per cent.
April 19- Indian stock markets were closed on Tuesday on account of Mahavir Jayanti.
April 20- Indian shares closed little changed on Wednesday after hitting their highest level in more than three months earlier in the session, as Tata Consultancy Services fell on weaker-than-expected margins, while Asian equities slipped following a drop in oil prices. The S&P BSE Sensex CNX Nifty rose 0.11%-0.06% each. The BSE SENSEX closed at 25844.18, up by 27.82 points, or by 0.11 per cent, and the NSE Nifty ended at 7914.75, up by 0.05 points, or by 0 per cent.
April 21- India's benchmark BSE index edged up on Thursday, enough to lodge a sixth consecutive session of gains, as lenders rallied on a report that the central bank has trimmed the list of companies that needed bad loan provisioning. The S&P BSE Sensex rose 0.14% while CNX Nifty fell 0.03% today. The BSE SENSEX closed at 25880.38, up by 36.2 points, or by 0.14 per cent, and the NSE Nifty ended at 7912.05, down by 2.7 points, or by 0.03 per cent.
April 22- Indian shares edged lower on Friday, a day after hitting their highest levels this year, as investors booked profits in recent outperformers but indexes were still headed for weekly gains on
 the back of strong flows. The S&P BSE Sensex and CNX Nifty fell 0.16% each. Snapping six-day gain, the BSE SENSEX closed at 25838.14, down by 42.24 points, or by 0.16 per cent, and the NSE Nifty ended at 7899.3, down by 12.75 points, or by 0.16 per cent. Global indices:
Majority of global indices ended in green barring Shanghai Composite fell by 3.85% and Dow Jones fell by 0.03%. The top most gainers were: Nikkei Surged by 4.30%, Dax100 gained by 3.82%, CAC40 up by 1.95%.
 Sectoral and stock screening:
Majority of the sectors ended in green barring S&P BSE Auto down by 1.12%. Top most losers were: S&P BSE Metal up 5.01%, S&P BSE PSU up 2.70%, S&P BSE CD up 2.55%, S&P BSE Bankex up 2.21% and S&P BSE Realty up 1.68%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: J&K Bank up 23.41%, DCB Bank up 17.71% and Future Retail up 15.21%
Top three losers of the week were: Prestige Estates down 7.66%, Blue Dart Express down 6.88% and Bajaj Finance down 5.99%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1029.40 crore as on April 19, 2016 and the domestic investors sold Indian shares worth a net of Rs300.30 crore as on April 18, 2016. | | TOP MOVERS (GROUP A) |  | | | | | | | | | | | | Future Retail | 19.75 | 15.21 | | | | | Prestige Estates Projects | 167.00 | -7.66 | | | Blue Dart Express | 5,935.95 | -6.88 | | | Bajaj Finance | 6,974.80 | -5.99 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 12,195.41 | 963.30 | | | Gross sale | 11,166.01 | 1,263.60 | | | Net investment | 1,029.40 | -300.30 | | | | | | | | *As on April 19, 2016
** As on April 18, 2016 | | | | Market Outlook for the coming week!
In the coming week, the macroeconomic data, next batch of Q4 results of India Inc., policy decisions by the US Federal Reserve and Bank of Japan, 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 market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month April 2016 series to May 2016 series. The near month April 2016 derivatives contract expire on Thursday, 28 April 2016.
On political front, the second part of the budget session of Parliament will commence on Monday, 25 April 2016, after a month long recess and will conclude on 13 May 2016, during which government hopes to receive support of opposition parties in passage of key legislations including the Goods & Services Tax (GST) Bill.
On global front, US Federal Reserve will hold its next two-day policy meeting on Tuesday, 26 April 2016 and Wednesday, 27 April 2016. As per market expectations, the Fed is likely to hold rates steady at its policy meeting later in April and instead will opt to raise the federal funds rate by 25 basis points in its June meeting to 0.5-0.75% in what will be the second in its first series of rate rises in nearly a decade. | | | | 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 @ 7:21 AM  |
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